<SEC-DOCUMENT>0000929638-23-001002.txt : 20230329
<SEC-HEADER>0000929638-23-001002.hdr.sgml : 20230329
<ACCEPTANCE-DATETIME>20230328214458
ACCESSION NUMBER:		0000929638-23-001002
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230329
DATE AS OF CHANGE:		20230328

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Turtle Beach Corp
		CENTRAL INDEX KEY:			0001493761
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				272767540
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35465
		FILM NUMBER:		23771556

	BUSINESS ADDRESS:	
		STREET 1:		44 SOUTH BROADWAY
		STREET 2:		4TH FLOOR
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10601
		BUSINESS PHONE:		888-496-8001

	MAIL ADDRESS:	
		STREET 1:		44 SOUTH BROADWAY
		STREET 2:		4TH FLOOR
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Parametric Sound Corp
		DATE OF NAME CHANGE:	20100609
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>defa14a.htm
<TEXT>
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    <div style="display: none;" id="DSPFiXBRLHidden">false12-31000149376100014937612023-03-272023-03-27</div>
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        <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
        <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
        <div><br>
        </div>
        <div style="text-align: center;">
          <hr style="height: 2px; width: 15%; color: #000000; background-color: #000000; border: none; margin-left: auto; margin-right: auto;"></div>
        <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
        <div style="text-align: center;">
          <hr style="height: 2px; width: 15%; color: #000000; background-color: #000000; border: none; margin-left: auto; margin-right: auto;"></div>
        <div><br>
        </div>
        <div style="text-align: center; font-size: 10pt;">Current Report Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</div>
        <div><br>
        </div>
        <div style="text-align: center; font-size: 10pt;">Date of Report (Date of Earliest Event Reported): March 27, 2023</div>
        <div><br>
        </div>
        <div style="text-align: center;">
          <hr style="height: 2px; width: 15%; color: #000000; background-color: #000000; border: none; margin-bottom: 12pt; margin-left: auto; margin-right: auto;"></div>
        <div style="text-align: center; font-size: 24pt; font-weight: bold;">Turtle Beach Corporation<br>
        </div>
        <div style="text-align: center; font-size: 10pt;">(Exact Name of Registrant as Specified in Its Charter)</div>
        <div style="text-align: center;">
          <hr style="height: 2px; width: 15%; color: #000000; background-color: #000000; border: none; margin-top: 12pt; margin-left: auto; margin-right: auto;"></div>
        <div><br>
        </div>
        <div style="text-align: center; font-size: 10pt; font-weight: bold;">001-35465</div>
        <div style="text-align: center; font-size: 10pt;">(Commission File Number)</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z503aec1da7274848a7a804973239bacc" style="width: 100%; border-collapse: collapse; text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

            <tr>
              <td style="width: 50%; vertical-align: top; ">
                <div style="text-align: center; margin-left: 0.7pt; font-weight: bold;">Nevada<br>
                </div>
              </td>
              <td style="width: 50%; vertical-align: top; ">
                <div style="text-align: center; margin-left: 0.7pt; font-weight: bold;">27-2767540<br>
                </div>
              </td>
            </tr>
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              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center; margin-left: 0.7pt;">(State or Other Jurisdiction of Incorporation)</div>
              </td>
              <td style="width: 50%; vertical-align: top;">
                <div style="text-align: center; margin-left: 0.7pt;">(I.R.S. Employer Identification No.)</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: center; font-size: 10pt; font-weight: bold;">44 South Broadway, 4th Floor</div>
        <div style="text-align: center; font-size: 10pt; font-weight: bold;">White Plains, New York 10601</div>
        <div style="text-align: center; font-size: 10pt;">(Address of principal executive offices, including zip code)</div>
        <div><br>
        </div>
        <div style="text-align: center; font-size: 10pt; font-weight: bold;">(888) 496-8001</div>
        <div style="text-align: center; font-size: 10pt;">(Registrant&#8217;s telephone number, including area code)</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; font-size: 10pt;"> Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </div>
        <div><br>
        </div>
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" id="z839e3f333a66434fa948b0036bccfe41" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

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                    <div style="text-align: left;">&#9744;<br>
                    </div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" id="z1ab43f2b29e348c297bea2d47b0efcfb" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

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                    <div style="text-align: left;">&#9746;<br>
                    </div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
                  </td>
                </tr>

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            <table cellspacing="0" cellpadding="0" id="zdd3503c0dde545c5ac77f5d4b786ff41" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

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                    <div style="text-align: left;">&#9744;<br>
                    </div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
                  </td>
                </tr>

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          </div>
          <div>
            <table cellspacing="0" cellpadding="0" id="z9d7a6c4c3fd442c4b44ca361072aa31f" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

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                    <div style="text-align: left;">&#9744;<br>
                    </div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div><br>
        </div>
        <div>Securities registered pursuant to Section 12(b) of the Act:</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="zea248c7fefbd468db0558df5cebe14ce" style="width: 100%; border-collapse: collapse; text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

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                <div style="font-weight: bold;">Title of each class</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 14%; vertical-align: bottom; border-bottom: 2px solid #000000;">
                <div style="font-weight: bold;">Trading</div>
                <div style="font-weight: bold;">Symbol(s)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom;">&#160;</td>
              <td style="width: 41%; vertical-align: bottom; border-bottom: 2px solid #000000;">
                <div style="font-weight: bold;">Name of each exchange on which registered</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41%; vertical-align: top;">Common Stock, par value $0.001<br>
              </td>
              <td style="width: 2%; vertical-align: bottom;"><br>
              </td>
              <td style="width: 14%; vertical-align: bottom;">HEAR<br>
              </td>
              <td style="width: 2%; vertical-align: bottom;"><br>
              </td>
              <td style="width: 41%; vertical-align: bottom;">The Nasdaq Global Market<br>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: left; font-size: 10pt;"> Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
          Act of 1934 (&#167;240.12b-2 of this chapter): </div>
        <div><br>
        </div>
        <div style="text-align: left; font-size: 10pt;">Emerging growth company &#9744;</div>
        <div><br>
        </div>
        <div style="text-align: left; font-size: 10pt;"> If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
          provided pursuant to Section 13(a) of the Exchange Act. &#9744; </div>
        <div>
          <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
        <div>
          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item&#160;1.01 Entry into a Material Definitive Agreement.</div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">On March 27, 2023, the Board of Directors (the &#8220;<font style="text-decoration: underline;">Board</font>&#8221;) of Turtle Beach
            Corporation, a Nevada corporation (the &#8220;<font style="text-decoration: underline;">Company</font>&#8221;), approved and adopted a Rights Agreement, dated as of March 28, 2023 (the &#8220;<font style="text-decoration: underline;">Rights Agreement</font>&#8221;),
            by and between the Company and Issuer Direct Corporation, as Rights Agent (the &#8220;<font style="text-decoration: underline;">Rights Agent</font>&#8221;). Pursuant to the Rights Agreement, the Board declared a dividend of one preferred share purchase
            right (each, a &#8220;<font style="text-decoration: underline;">Right</font>&#8221;) for each outstanding share of common stock, par value $0.001, of the Company (each a &#8220;<font style="text-decoration: underline;">Common Share</font>&#8221; and, collectively, the
            &#8220;<font style="text-decoration: underline;">Common Shares</font>&#8221;). The Rights are distributable to stockholders of record as of the close of business on April 10, 2023 (the &#8220;<font style="text-decoration: underline;">Record Date</font>&#8221;). One
            Right will also be issued with respect to (i) each Common Share that the holders of the Company&#8217;s prefunded warrants (the &#8220;<font style="text-decoration: underline;">Prefunded Warrants</font>&#8221;) outstanding as of the close of business on the
            Record Date would be entitled to acquire upon complete exercise thereof and (ii) each Common Share issued by the Company after the Record Date but before the Distribution Date (as defined below) (or the earlier redemption or expiration of the
            Rights) and, in certain circumstances, after the Distribution Date.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Generally, the Rights Agreement works by imposing a significant penalty upon any person or group that acquires beneficial
            ownership of twelve percent (12%) or more of the Common Shares without the approval of the Board. As a result, the overall effect of the Rights Agreement and the issuance of the Rights may be to render more difficult or discourage a merger,
            tender or exchange offer or other business combination involving the Company that is not approved by the Board. The Rights Agreement is not intended to interfere with any merger, tender or exchange offer or other business combination approved
            by the Board. Nor does the Rights Agreement prevent the Board from considering whether an offer is in the best interest of its stockholders.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The following is a summary description of the Rights and material terms and conditions of the Rights Agreement. This
            summary is intended to provide a general description only, does not purport to be complete and is qualified in its entirety by reference to the complete text of the Rights Agreement, a copy of which is filed as Exhibit 4.1 to this Current
            Report on Form 8-K and is incorporated herein by reference. All capitalized terms used herein but not defined herein shall have the meanings ascribed to such terms in the Rights Agreement.</div>
          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">The Rights</div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Subject to the terms, provisions and conditions of the Rights Agreement, if the Rights become exercisable, each Right would
            initially represent the right to purchase from the Company one one-thousandth of a share of a newly-designated series of preferred stock, Series A Junior Participating Preferred Stock, par value $0.001 per share, of the Company (each, a &#8220;<font style="text-decoration: underline;">Series A Preferred Share</font>&#8221; and, collectively, the &#8220;<font style="text-decoration: underline;">Series A Preferred Shares</font>&#8221;), at an initial exercise price of $59.00 per one one-thousandth of a
            Preferred Share, subject to adjustment (the &#8220;<font style="text-decoration: underline;">Exercise Price</font>&#8221;). If issued, each one one-thousandth of share of Series A Preferred Stock would give the stockholder approximately the same dividend,
            voting and liquidation rights as does one Common Share. However, prior to exercise, a Right does not give its holder any rights as a stockholder of the Company, including, without limitation, any dividend, voting or liquidation rights. A copy
            of the Certificate of Designation that the Company intends to file with the Secretary of State of the State of Nevada on March 28, 2023 to designate the Series A Preferred Shares is filed as Exhibit 3.1 to this Current Report on Form 8-K and is
            incorporated herein by reference.</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Initial Exercisability</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Initially, the Rights will not be exercisable, certificates will not be sent to stockholders and the Rights will
            automatically trade with the Common Shares. Until the <font style="color: #000000;">Rights separate from the Common Shares and become exercisable </font>(or the earlier redemption or expiration of the Rights)<font style="color: #000000;">,
              the </font>Rights will be evidenced by Common Share certificates (or, if uncertificated, by the book entry account evidencing record ownership of such shares). The surrender for transfer of any Common Shares certificate or the transfer of
            any book entry Common Shares will also constitute the transfer of the associated Rights. Similarly, until the Rights separate from the Prefunded Warrants, the Rights held by the holders of the Prefunded Warrants will be evidenced by the
            certificates or book entry accounts representing such warrants.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000;">Subject to certain exceptions specified in the Rights Agreement, the Rights will separate
              from the Common Shares and Prefunded Warrants and become exercisable following&#160;</font>the earlier to occur of (i) the tenth (10th) business day (or such later date as may be determined by the Board) after the day on which a public
            announcement or filing with the U.S. Securities and Exchange Commission (the &#8220;<font style="text-decoration: underline;">SEC</font>&#8221;) is made indicating that a person has become an Acquiring Person (as defined below) or that discloses
            information which reveals the existence of an Acquiring Person (the &#8220;<font style="text-decoration: underline;">Stock Acquisition Date</font>&#8221;), or (ii) the tenth (10th) business day (or such later date as may be determined by the Board) after
            the commencement by any person (other than certain exempted persons) of, or the first public announcement of the intent of any person (other than certain exempted persons) to commence, a tender or exchange offer by or on behalf of a person, the
            successful consummation of which would result in any person (other than certain exempted persons) becoming an Acquiring Person, irrespective of whether any shares are actually purchased or exchanged pursuant to such offer (the earlier of these
            dates is called the &#8220;<font style="text-decoration: underline;">Distribution Date</font>&#8221;).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">After the Distribution Date, separate rights certificates will be issued and the Rights may be transferred other than in
            connection with the transfer of the underlying Common Shares unless and until the Board has determined to effect an exchange pursuant to the Rights Agreement (as described below).</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Acquiring Person</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Under the Rights Agreement, an Acquiring Person is any person who or which, together with all Affiliates and Associates <font style="color: #000000;">(as defined in the Rights Agreement)</font> of such person, from and after the first public announcement by the Company of the adoption of the Rights Agreement, is or becomes the beneficial owner of twelve percent
            (12%) or more of the Common Shares outstanding, subject to various exceptions. <font style="color: #000000;">For purposes of the Rights Agreement, beneficial ownership is defined to include the ownership of derivative securities. In addition,
              for purposes of the Rights Agreement, a person or group is deemed to beneficially own shares of any other person(s) or group(s) with which such person or group is &#8220;acting in concert&#8221; (as defined in the Rights Agreement).</font></div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000;">The Rights Agreement provides that an Acquiring Person does not include
                the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, or any person </font>organized, appointed, or established<font style="color: #000000;"> to hold Common Shares pursuant
                to any employee benefit plan of the Company or for the purpose of funding any such plan.</font></div>
            <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000;">T</font>he Rights Agreement also provides that the following persons
              shall not be deemed an Acquiring Person thereunder: (i) any person who becomes the beneficial owner of twelve percent (12%) or more of the shares of Common Stock of the Company then outstanding solely as a result of the initial grant or
              vesting of any options, warrants, rights or similar interests (including restricted shares and restricted stock units) by the Company to its directors, officers and employees pursuant to any employee benefit or stock ownership plan of the
              Company, or the acquisition of shares of Common Stock of the Company upon the exercise or conversion of any such securities so granted; (ii) any person who as the result of an acquisition of shares of Common Stock by the Company (or any
              subsidiary of the Company, or any person organized, appointed, established or holding shares of Common Stock of the Company for or pursuant to the terms of any such plan) which, by reducing the number of shares of Common Stock of the Company
              outstanding, increases the proportionate number of shares of Common Stock of the Company beneficially owned by such person to twelve percent (12%) or more of the Common Shares then outstanding; (iii) any person who or which became the
              beneficial owner of twelve percent (12%) or more of the Common Shares then outstanding as a result of the acquisition of Common Shares directly from the Company; or (iv) any person who or which would otherwise be an Acquiring Person who or
              which the Board determines had become such inadvertently (including, without limitation, because (A) such person was unaware that it beneficially owned a percentage of the Common Shares that would otherwise cause such person to be an
              &#8220;Acquiring Person,&#8221; or (B) such person was aware of the extent of its beneficial ownership of Common Shares but had no actual knowledge of the consequences of such beneficial ownership under the Rights Agreement), and who or which thereafter
              within five (5) business days of being requested by the Company, reduces such person&#8217;s beneficial ownership to less than twelve percent (12%) of the Common Shares then outstanding.</div>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">&#8220;Grandfathering&#8221; of Existing Holders</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights Agreement also provides that any person who beneficially owned twelve percent (12%) or more of the Common Shares
            immediately prior to the first public announcement by the Company of the adoption of the Rights Agreement (each a &#8220;<font style="text-decoration: underline;">Grandfathered Person</font>&#8221;), shall not be deemed to be an &#8220;Acquiring Person&#8221; for
            purposes of the Rights Agreement unless and until a Grandfathered Person becomes the beneficial owner of one or more additional Common Shares after the first public announcement by the Company of the adoption of the Rights Agreement (other than
            pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Shares, pursuant to a split, reclassification or subdivision of the outstanding Common Shares or pursuant to the acquisition of beneficial ownership of
            Common Shares upon the vesting or exercise of any option, warrants or other rights, or upon the initial grant or vesting of restricted stock, granted or issued by the Company to its directors, officers and employees, pursuant to a compensation
            or benefits plan or arrangement adopted by the Board). However, if upon acquiring beneficial ownership of one or more additional Common Shares at any time after the first public announcement by the Company of the adoption of the Rights
            Agreement, the Grandfathered Person does not, at such time, beneficially own twelve percent (12%) or more of the Common Shares then outstanding, the Grandfathered Person will not be treated as an &#8220;Acquiring Person&#8221; for purposes of the Rights
            Agreement.</div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Flip-In Trigger</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">If a person becomes an Acquiring Person, then, following the occurrence of the Distribution Date and
              subject to the terms, provisions and conditions of the Rights Agreement, each Right will entitle the holder thereof to purchase from the Company, upon payment of the Exercise Price, in lieu of a number of one one-thousandths of a Preferred
              Share, a number of Common Shares (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market value of twice the Exercise Price. However, the Rights are not exercisable until such time as the
              Rights are no longer redeemable by the Company, as further described below.</div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Following the occurrence of an event set forth in the preceding paragraph, all Rights that are or, under
              certain circumstances specified in the Rights Agreement, were beneficially owned by an Acquiring Person or certain of its transferees will become null and void and nontransferable.</div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Flip-Over Trigger</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000;">If, after an Acquiring Person obtains beneficial ownership of </font>twelve percent (12%)
              <font style="color: #000000;">or more of the Common Shares, (i)&#160;the Company merges into another entity, (ii)&#160;an acquiring entity merges into the Company, or (iii)&#160;the Company sells or transfers more than fifty percent (50%) of its assets,
                cash flow or earning power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase, upon payment of the Exercise Price, in accordance with the terms of the Rights
                Agreement, a number of shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.</font></div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Redemption of the Rights</div>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">At any time until the close of business on the tenth (10th) calendar day after the Stock Acquisition Date (or, if the tenth
            (10th) calendar day after the Stock Acquisition Date occurs before the Record Date, the close of business on the Record Date), or thereafter under certain circumstances, the Company may redeem the Rights in whole, but not in part, at a price of
            $0.001 per Right (the &#8220;<font style="text-decoration: underline;">Redemption Price</font>&#8221;). The Redemption Price may be paid in cash, Common Shares or other form of consideration, as determined by the Board, in the exercise of its sole
            discretion. The redemption of the Rights may be made effective at such time, on such basis and subject to such conditions as the Board in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise
            the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price without any interest thereon.</div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Exchange of the Rights</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">At any time after any person becomes an Acquiring Person, and prior to the acquisition by any person of
              beneficial ownership of fifty percent (50%) or more of the Common Shares, the Board may, at its option, cause the Company to exchange all or part of the then outstanding and exercisable Rights (other than Rights held by the Acquiring Person
              or any Affiliate or Associate thereof, which would have become null and void and nontransferable in accordance with the terms of the Rights Agreement), in whole or in part, for Common Shares at an exchange ratio (subject to adjustment) of one
              Common Share for each Right.</div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In any exchange of the Rights pursuant to the Rights Agreement, the Company, at its option, may, and to the extent there
              are an insufficient number of authorized Common Shares not reserved for any other purpose to exchange for all of the outstanding Rights, shall, substitute preferred stock or other securities of the Company for some or all of the Common Shares
              exchangeable for Rights such that the aggregate value received by a holder of Rights in exchange for each Right is substantially the same value as one Common Share. The exchange of the Rights by the Board may be made effective at such time,
              on such basis, and subject to such conditions as the Board in its sole discretion may establish. Immediately upon the action of the Board authorizing the exchange of the Rights, the right to exercise the Rights will terminate, and the only
              right of the holders of Rights will be to receive the Common Shares or other consideration issuable in connection with the exchange.</div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Qualifying Offer</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The Rights Agreement provides the holders of the Common Shares with the ability to
              exempt an offer to acquire, or engage in another business combination transaction involving, the Company that is deemed a &#8220;<font style="text-decoration: underline;">Qualifying Offer</font>&#8221; (as defined in the Rights Agreement) from the terms
              of the Rights Agreement. A Qualifying Offer is, in summary, an offer determined by a majority of the independent members of the Board to have specific characteristics which are generally intended to preclude offers that are coercive, abusive
              or highly contingent. Among those characteristics are that it be (i) a fully financed all-cash tender offer or an exchange offer offering shares of common stock of the offeror, or a combination thereof, for any and all of the Common Shares;
              (ii) an offer that is conditioned on at least a majority of (A) the Company&#8217;s outstanding Common Shares and (B) the outstanding Common Shares not held by the person making the offer being tendered and not withdrawn as of the offer&#8217;s
              expiration date; (iii) an offer that will remain open for a minimum period of time as specified in the Rights Agreement; (iv) an offer that does not result in a nationally recognized investment banking firm retained by the Board rendering an
              opinion to the Board that the consideration being offered to the Company&#8217;s stockholders is either unfair or inadequate; and (v) an offer that is otherwise in the best interests of the Company and its stockholders. The Rights Agreement
              provides additional characteristics necessary for an acquisition offer to be deemed a &#8220;Qualifying Offer.&#8221;</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the Rights Agreement, if the Company receives a Qualifying Offer and the Board has not
              redeemed the outstanding Rights or exempted such Qualifying Offer from the terms of the Rights Agreement or called a special meeting of stockholders (the &#8220;<font style="text-decoration: underline;">Special Meeting</font>&#8221;) for the purpose of
              voting on whether to exempt such Qualifying Offer from the terms of the Rights Agreement, in each case by the end of the ninety (90) business day period following the commencement of such Qualifying Offer, provided such offer remains a
              Qualifying Offer during such period, the holders of ten (10) percent of the Common Shares may request that the Board call a Special Meeting to vote on a resolution authorizing the exemption of the Qualifying Offer from the terms of the Rights
              Agreement. If such a Special Meeting is not held by the ninetieth (90th) business day following the receipt of such a request from stockholders to call a Special Meeting, the Qualifying Offer will be deemed exempt from the terms of the Rights
              Agreement on the tenth (10th) business day thereafter.&#160;</div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Expiration of the Rights</div>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights and the Rights Agreement will expire upon the earliest to occur of (i) the date on which all of the Rights are
            redeemed, (ii) the date on which the Rights are exchanged, and (iii) the close of business on March 28, 2024.</div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Amendment of Rights Agreement</div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Except as otherwise provided in the Rights Agreement, the Company, by action of the Board, may from time
              to time, in its sole and absolute discretion, supplement or amend any provision of the Rights Agreement in any respect without the approval of any holders of Rights, including, without limitation, in order to (a)&#160;cure any ambiguity in the
              Rights Agreement, (b)&#160;correct or supplement any provision contained in the Rights Agreement that may be defective or inconsistent with any other provisions contained therein, (c)&#160;shorten or lengthen any time period in the Rights Agreement, or
              (d)&#160;otherwise change, amend, or supplement any provisions in the Rights Agreement in any manner that the Company may deem necessary or desirable; <font style="font-style: italic;">provided</font>,<font style="font-style: italic;">&#160;however</font>,
              that from and after such time as any person becomes an Acquiring Person, the Rights Agreement may not be supplemented or amended in any manner that would adversely affect the interests of the holders of Rights (other than Rights that have
              become null and void pursuant to the Rights Agreement) as such or cause the Rights Agreement to become amendable other than in accordance with the terms of the Rights Agreement. Without limiting the foregoing, the Company, by action of the
              Board, may at any time before any person becomes an Acquiring Person amend the Rights Agreement to make the provisions of the Rights Agreement inapplicable to a particular transaction by which a person might otherwise become an Acquiring
              Person or to otherwise alter the terms and conditions of the Rights Agreement as they may apply with respect to any such transaction.</div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Rights of Holders</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Until a Right is exercised, a Right does not give its holder any rights as a stockholder of the Company, including,
              without limitation, any dividend, voting or liquidation rights.</div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Anti-Dilution Provisions</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The Board may adjust the Exercise Price, the number of Preferred Shares issuable and the number of
              outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split or a reclassification of the Preferred Shares or Common Shares.</div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">With certain exceptions, no adjustments to the Exercise Price will be made until the cumulative
              adjustments amount to at least one percent (1%) of the Exercise Price. No fractional Preferred Shares will be issued and, in lieu thereof, an adjustment in cash will be made based on the current market price of the Preferred Shares.</div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Tax Consequences</div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The adoption of the Rights Agreement and the subsequent distribution of the Rights to stockholders should not be a
              taxable event for the Company or its stockholders under presently existing U.S. federal income tax laws. However, if the Rights become exercisable or if the Rights are redeemed, stockholders may recognize taxable income, depending on the
              circumstances then existing.</div>
            <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Accounting Treatment</div>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The distribution of the Rights as a dividend to the Company&#8217;s stockholders is not expected to have any financial accounting
            or reporting impact. The fair value of the Rights is expected to be zero when they are distributed because the Rights will be &#8220;out of the money&#8221; when distributed and no value should be attributable to them. Additionally, the Rights do not meet
            the definition of a liability under generally accepted accounting principles in the United States and are therefore not accounted for as a long-term obligation.</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Authority of the Board</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">When evaluating decisions relating to the redemption of the Rights or any amendment to the Rights Agreement to delay or
            prevent the Rights from detaching and becoming exercisable as a result of a particular transaction, pursuant to the Rights Agreement, the Board, or any future board of directors, would not be subject to restrictions such as those commonly known
            as &#8220;dead-hand,&#8221; &#8220;slow-hand,&#8221; &#8220;no-hand,&#8221; or similar provisions.</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">Certain Anti-Takeover Effects</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights are not intended to prevent a takeover of the Company and should not interfere with any merger or other business
            combination approved by the Board. However, the Rights may cause substantial dilution to a person or group that acquires beneficial ownership of twelve percent (12%) or more of the issued and outstanding Common Shares (which includes for this
            purpose stock referenced in derivative transactions and securities) without the approval of the Board.</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">SEC Registration</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Since the Rights are not exercisable immediately, registration with the SEC of the Preferred Shares issuable upon exercise
            of the Rights is not required until the Rights become exercisable.</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 3.03 Material Modification to Rights of Security Holders.</div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The information included in Item&#160;1.01 of this Current Report on Form 8-K is incorporated by reference into this
              Item&#160;3.03.</div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</div>
          </div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In connection with the adoption of the Rights Agreement described in Item 1.01 above, on March 27, 2023, the Board
              approved a Certificate of Designation, Preferences, and Rights of Series A Junior Participating Preferred Stock (the &#8220;<font style="text-decoration: underline;">Series A Certificate of Designation</font>&#8221;). The Series A Certificate of
              Designation sets forth the rights, powers and preferences of the Preferred Shares. The Company intends to file the Series A Certificate of Designation with the Secretary of State of the State of Nevada on or about March 28, 2023.</div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The summary of the rights, powers and preferences of the Preferred Shares set forth in Item&#160;1.01 of this Current Report
              on Form 8-K is incorporated by reference into this Item&#160;5.03. A copy of the Certificate of Designation is attached to this Current Report on Form 8-K as Exhibit 3.1 and is incorporated herein by reference.</div>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 8.01 Other Events.</div>
          <div>
            <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">On March 28, 2023, the Company issued a press release announcing that the Board had approved and adopted the Rights
              Agreement and declared the dividend of the Rights. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.</div>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Important Additional Information</div>
          <div>
            <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company&#8217;s stockholders in connection
              with its upcoming 2023 Annual Meeting of Stockholders (the &#8220;<font style="text-decoration: underline;">2023 Annual Meeting</font>&#8221;). The Company intends to file a definitive proxy statement and a&#160;<font style="font-weight: bold;">WHITE</font>&#160;proxy

              card with the SEC in connection with any such solicitation of proxies from the Company&#8217;s stockholders.&#160;<font style="font-weight: bold;">STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING <font style="text-decoration: underline;">WHITE</font> PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.</font>&#160;The Company&#8217;s definitive
              proxy statement for the 2022 Annual Meeting of Stockholders contains information regarding the direct and indirect interests, by security holdings or otherwise, of the Company&#8217;s directors and executive officers in the Company&#8217;s securities.
              Information regarding subsequent changes to their holdings of the Company&#8217;s securities can be found in the SEC filings on Forms 3, 4 and 5, which are available on the Company&#8217;s website at https://corp.turtlebeach.com/ or through the SEC&#8217;s
              website at www.sec.gov. Information can also be found in the Company&#8217;s other SEC filings, including its Annual Report on Form&#160;10-K for the year ended December&#160;31, 2021. Updated information regarding the identity of potential participants, and
              their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the 2023 Annual Meeting. Stockholders will be able to
              obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC&#8217;s website at www.sec.gov. Copies will also be available at no charge on
              the Company&#8217;s website at https://corp.turtlebeach.com/.</div>
            <div><br>
            </div>
          </div>
          <div style="text-align: left; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Item 9.01&#160;Financial Statements and Exhibits.</div>
          <div style="text-align: left; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font style="text-indent: 0px; font-size: 5.4pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Exhibits</font></div>
          <div style="text-align: left; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">See&#160;the Exhibit&#160;Index&#160;below, which is incorporated by reference herein.</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">EXHIBIT INDEX</div>
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              <tr>
                <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman';">3.1</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Certificate of Designation of Series A Junior Participating Preferred Stock of Turtle Beach Corporation.</div>
                </td>
              </tr>

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          <table cellspacing="0" cellpadding="0" id="zed61c45934b549f3bcbfb3f1385b713a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt; margin-top: 12pt;" class="DSPFListTable">

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                <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman';">4.1</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Rights Agreement, dated as of March 28, 2023, by and between Turtle Beach Corporation and Issuer Direct Corporation, as rights agent.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zf5c7b1e6ca7a4869a7485d761fef54a8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt; margin-top: 12pt;" class="DSPFListTable">

              <tr>
                <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman';">99.1</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Press Release of Turtle Beach Corporation issued on March 28, 2023.</div>
                </td>
              </tr>

          </table>
          <div>
            <table cellspacing="0" cellpadding="0" id="zc2c021c8549c4a5eae3ad34c6baaaff3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt; margin-top: 12pt;" class="DSPFListTable">

                <tr>
                  <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman';">104<br>
                  </td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-family: 'Times New Roman';">
                      <div style="color: rgb(0, 0, 0);">Cover Page Interactive Data File (embedded within the Inline XBRL document)</div>
                    </div>
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          <div style="text-align: center; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SIGNATURES</div>
          <div style="text-align: left; text-indent: 27.15pt; margin-top: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
            report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
          <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
          <table cellspacing="0" cellpadding="0" border="0" id="zd1dc2755215d486699d32518df1817e9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
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                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
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                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 65.88%; vertical-align: bottom;">
                  <div style="text-align: center; margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">TURTLE BEACH CORPORATION</div>
                </td>
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                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
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                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="vertical-align: bottom;" colspan="2">
                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
                </td>
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                <td style="width: 4%; vertical-align: bottom;">
                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">Date:</div>
                </td>
                <td style="width: 20.92%; vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman';">&#160;March 28, 2023</div>
                </td>
                <td style="width: 3%; vertical-align: bottom;">
                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">By:</div>
                </td>
                <td style="width: 65.88%; vertical-align: bottom; border-bottom: #000000 1px solid;">
                  <div style="text-align: center; margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">/s/ JOHN T. HANSON</div>
                </td>
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                <td style="width: 4%; vertical-align: bottom;">
                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 20.92%; vertical-align: top;">
                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 3%; vertical-align: bottom;">
                  <div style="margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman';">&#160;</div>
                </td>
                <td style="width: 65.88%; vertical-align: bottom;">
                  <div style="text-align: center; margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">John T. Hanson</div>
                  <div style="text-align: center; margin-left: 1.5pt; color: #000000; font-family: 'Times New Roman'; font-weight: bold;">Chief Financial Officer, Treasurer and Secretary</div>
                </td>
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          <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">&#160;</div>
        </div>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 3.1</font><br>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">CERTIFICATE OF DESIGNATION</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">OF</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">SERIES A JUNIOR PARTICIPATING PREFERRED STOCK</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">OF</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Pursuant to Section 78.1955 of the Nevada Revised Statutes)</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">______________________________</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Turtle Beach Corporation, a Nevada corporation (the &#8220;<font style="font-weight: bold;">Corporation</font>&#8221;), in accordance with
        the provisions of Nevada Revised Statutes (&#8220;<font style="font-weight: bold;">NRS</font>&#8221;) Section 78.1955, hereby certifies that, pursuant to the authority granted by Article FIVE of the Articles of Incorporation of the Corporation, as amended (the
        &#8220;<font style="font-weight: bold;">Articles of Incorporation</font>&#8221;), the Board of Directors of the Corporation (hereinafter being referred to as the &#8220;<font style="font-weight: bold;">Board of Directors</font>&#8221; or the &#8220;<font style="font-weight: bold;">Board</font>&#8221;), at a meeting duly called and held on March 27, 2023, has adopted the following resolution with respect to the designations, number of shares, preferences, voting powers and other rights and the restrictions and limitations
        thereof, of the Series A Junior Participating Stock:</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">RESOLVED, that, pursuant to the authority granted to and vested in the Board of Directors in accordance with the provisions of
        the Articles of Incorporation, the designations, number of shares, preferences, voting powers and other rights and the restrictions and limitations thereof of the Series A Junior Participating Stock are as follows:</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">1.&#160; &#160; &#160; <u>Designation and Amount</u>.&#160; The shares of such series shall be designated as &#8220;Series A Junior Participating
        Preferred Stock&#8221; (the &#8220;<font style="font-weight: bold;">Series A Preferred Stock</font>&#8221;) and the number of shares constituting the Series A Preferred Stock shall be 30,000. Such number of shares may be increased or decreased by resolution of the
        Board of Directors prior to issuance; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that no decrease shall reduce the number of shares of the Series A Preferred Stock to a number less than the number of shares then
        outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into the Series A Preferred Stock; <u>provided</u>,
        <u>further</u>, that if more than a total of 30,000 shares of Series A Preferred Stock shall be issuable upon the exercise of Rights (the &#8220;<font style="font-weight: bold;">Rights</font>&#8221;) issued pursuant to the Rights Agreement, dated as of March
        28, 2023, and as supplemented, restated or amended from time to time, by and between the Corporation and Issuer Direct Corporation, as rights agent (the &#8220;<font style="font-weight: bold;">Rights Agreement</font>&#8221;), the Board shall direct by
        resolution or resolutions that a certificate be properly executed, acknowledged, filed and recorded providing for the total number of shares of Series A Preferred Stock authorized to be issued to be increased (to the extent that the Articles of
        Incorporation then permits) to the largest number of whole shares (rounded up to the nearest whole number) issuable upon exercise of such Rights.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">2.&#160; &#160; &#160; <u>Dividends and Distributions</u>.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the rights of the holders of any shares of any series of Preferred Stock of the Corporation (the &#8220;<font style="font-weight: bold;">Preferred Stock</font>&#8221;) (or any similar stock)
          ranking prior and superior to the shares of Series A Preferred Stock with respect to dividends, the holders of shares of the</font></div>
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      <div style="margin-bottom: 12pt;"><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Series A Preferred Stock, in preference to the holders of common stock, par value $0.001 per share, of the Corporation (the &#8220;<font style="font-weight: bold;">Common Stock</font>&#8221;) and of any other stock of the Corporation ranking junior to the Series A Preferred Stock, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds of the
        Corporation legally available for the payment of dividends, quarterly dividends payable in cash on the last day of each fiscal quarter of the Corporation in each year, or such other dates as the Board of Directors shall approve (each such date
        being referred to herein as a &#8220;<font style="font-weight: bold;">Quarterly Dividend Payment Date</font>&#8221;), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of the Series A Preferred
        Stock (the &#8220;<font style="font-weight: bold;">Issue Date</font>&#8221;), in an amount per share (rounded to the nearest cent) equal to the greater of (i) $1.00 or (ii) subject to the provision for adjustment hereinafter set forth, 1,000 times the
        aggregate per share amount of all cash dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions other than a dividend payable in shares of Common Stock or a subdivision of the
        outstanding shares of the Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first
        issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time after the Issue Date (A) declare and pay any dividend on the Common Stock payable in shares of Common Stock, or (B) effect a
        subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each
        such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (ii) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which
        is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.&#160; In the event the Corporation shall at any
        time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision, combination or consolidation of the outstanding shares of Series A Preferred Stock (by reclassification or
        otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A Preferred Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were
        entitled immediately prior to such event under clause (ii) of the first sentence of this Section 2(a) shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Series A Preferred Stock that were
        outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall declare a dividend or distribution on the Series A Preferred Stock as provided in paragraph (a) of this Section 2 immediately after it declares a dividend or
          distribution on the Common Stock (other than a dividend payable in shares of Common Stock); and the Corporation shall pay such dividend or distribution on the Series A Preferred Stock before the dividend or distribution declared on the Common
          Stock is paid or set apart; <u>provided</u>&#160;<u>that</u>, in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly
          Dividend Payment Date, a dividend of $1.00 per share on the Series A Preferred Stock shall nevertheless be payable, when, as and if declared, on such subsequent Quarterly Dividend Payment Date.</font></div>
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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      <div style="margin-bottom: 12pt;"><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Dividends shall begin to accrue and be cumulative, whether or not declared, on outstanding shares of Series A Preferred Stock from the Quarterly Dividend Payment Date next preceding the
          date of issue of such shares, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares,
          or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series A Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend
          Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares of Series A Preferred
          Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The Board of Directors may fix a
          record date for the determination of holders of shares of Series A Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than sixty (60) calendar days prior to the date
          fixed for the payment thereof.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">3.&#160; &#160; &#160; <u>Voting Rights</u>. The holders of shares of Series A Preferred Stock shall have the following voting rights:</div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the provision for adjustment hereinafter set forth and except as otherwise provided in the Articles of Incorporation or required by law, each share of Series A Preferred Stock
          shall entitle the holder thereof to 1,000 votes on all matters upon which the holders of the Common Stock of the Corporation are entitled to vote. In the event the Corporation shall at any time after the Issue Date (i) declare or pay any dividend
          on the Common Stock payable in shares of Common Stock, or (ii) effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common
          Stock) into a greater or lesser number of shares of Common Stock, then in each such case the number of votes per share to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event shall be adjusted by
          multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
          prior to such event.&#160; In the event the Corporation shall at any time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision, combination or consolidation of the
          outstanding shares of Series A Preferred Stock (by reclassification or otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A Preferred Stock, then in each such case
          the number of votes per share to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of
          Series A Preferred Stock that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</font></div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Except as otherwise provided herein, in the Articles of Incorporation or in any other Certificate of Designations creating a series of Preferred Stock or any similar stock, and except as
          otherwise required by law, the holders of shares of Series A Preferred Stock and the holders of shares of Common Stock and any other capital stock of the Corporation having general</font></div>
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      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)<font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>If at any time dividends on any Series A Preferred Stock shall be in arrears in an amount
          equal to six (6) quarterly dividends thereon, then and in such event the holders of the Series A Preferred Stock, voting as a separate series from all other series of Preferred Stock and classes of capital stock, shall be entitled to elect two
          (2) members of the Board in addition to any Directors elected by any other series, class or classes of securities and the authorized number of Directors will automatically be increased by two (2). Promptly thereafter, the Board of the Corporation
          shall, as soon as may be practicable, call a special meeting of holders of Series A Preferred Stock for the purpose of electing such members of the Board.&#160; Such special meeting shall in any event be held within forty-five (45) calendar days of
          the occurrence of such arrearage.</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">During any period when the holders of Series A Preferred Stock, voting as a separate series, shall be entitled and shall have exercised their right to elect two (2) Directors, then, and
          during such time as such right continues, (a) the then authorized number of Directors shall be increased by two (2), and the holders of Series A Preferred Stock, voting as a separate series, shall be entitled to elect the additional Directors so
          provided for, and (b) each such additional Director shall serve until the next annual meeting of stockholders for the election of Directors, or until his successor shall be elected and shall qualify, or until his right to hold such office
          terminates pursuant to the provisions of this Section 3(c).</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">A Director elected pursuant to the terms hereof may be removed with or without cause by the holders of Series A Preferred Stock entitled to vote in an election of such Director.</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">If, during any interval between annual meetings of stockholders for the election of Directors and while the holders of Series A Preferred Stock shall be entitled to elect two (2) Directors,
          there is no such Director in office by reason of resignation, death or removal, then, promptly thereafter, the Board shall call a special meeting of the holders of Series A Preferred Stock for the purpose of filling such vacancy and such vacancy
          shall be filled at such special meeting.&#160; Such special meeting shall in any event be held within forty-five (45) calendar days of the occurrence of such vacancy.</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">At such time as the arrearage is fully cured, and all dividends accumulated and unpaid on any shares of Series A Preferred Stock outstanding are paid, and, in addition thereto, at least one
          regular dividend has been paid subsequent to curing such arrearage, the term of office of any Director elected pursuant to this Section 3(c), or his successor, shall automatically terminate, and the authorized number of Directors shall
          automatically decrease by two (2), the rights of the holders of the shares of the Series A Preferred Stock to vote as provided in this Section 3(c) shall cease, subject to renewal from time to time in the case of any such future dividend default
          or defaults upon the same terms and conditions, and the holders of shares of the Series A Preferred Stock shall have only the limited voting rights elsewhere herein set forth.</font></div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Except as set forth herein, or as otherwise provided by law, the holders of Series A Preferred Stock shall have no special voting rights and their consent shall not be required</font></div>
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      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">4.&#160; &#160; &#160; <u>Certain Restrictions</u>.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Whenever quarterly dividends or other dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 hereof are in arrears, thereafter and until all accrued and
          unpaid dividends and distributions, whether or not declared, on shares of Series A Preferred Stock outstanding shall have been paid in full, the Corporation shall not:</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">declare or pay dividends, or make any other distributions, on any shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A
          Preferred Stock;</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">declare or pay dividends, or make any other distributions, on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series
          A Preferred Stock, except dividends paid ratably on the Series A Preferred Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled;</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">redeem or purchase or otherwise acquire for consideration shares of any stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A
          Preferred Stock, <u>provided</u>, that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such junior stock in exchange for shares of any stock of the Corporation ranking junior (either as to dividends or upon
          dissolution, liquidation or winding up) to the Series A Preferred Stock or rights, warrants or options to acquire such junior stock; or</font></div>
      <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">redeem or purchase or otherwise acquire for consideration any shares of Series A Preferred Stock, or any shares of stock ranking on a parity (either as to dividends or upon liquidation,
          dissolution or winding up) with the Series A Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such shares upon such terms as the Board of
          Directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result in fair and equitable treatment among the respective
          series or classes.</font></div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation could,
          under paragraph (a) of this Section 4, purchase or otherwise acquire such shares at such time and in such manner.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">5.&#160; &#160; &#160; <u>Reacquired Shares</u>. Any shares of Series A Preferred Stock purchased or otherwise acquired by the Corporation in
        any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock and may be reissued, without designation as to
        series until such shares are once more designated as part of a particular series of Preferred Stock by resolution or resolutions of the Board of Directors, subject to the conditions and restrictions on issuance set</div>
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      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">forth herein, in the Articles of Incorporation, or in any other Certificate of Designations creating a series of Preferred Stock or any similar
        stock or as otherwise required by law.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">6.&#160; &#160; &#160; <u>Liquidation, Dissolution or Winding Up</u>.&#160; (a) Upon any liquidation, dissolution or winding up of the
        Corporation, no distribution shall be made (i) to the holders of the Common Stock or of shares of any other stock of the Corporation ranking junior, either as to dividends or upon liquidation, dissolution or winding up, to the Series A Preferred
        Stock unless, prior thereto, the holders of shares of Series A Preferred Stock shall have received $1,000 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such
        payment, <u>provided</u>&#160;<u>that</u>, the holders of shares of Series A Preferred Stock shall be entitled to receive an aggregate amount per share, subject to the provision for adjustment hereinafter set forth, equal to 1,000 times the aggregate
        amount to be distributed per share to holders of shares of Common Stock, or (ii) to the holders of shares of stock ranking on a parity either as to dividends or upon liquidation, dissolution or winding up with the Series A Preferred Stock, except
        distributions made ratably on the Series A Preferred Stock and all such parity stock in proportion to the total amounts to which the holders of all such shares are entitled upon such liquidation, dissolution or winding up. In the event, however,
        that there are not sufficient assets available to permit payment in full of the Series A Preferred Stock liquidation preference and the liquidation preferences of all other classes and series of stock of the Corporation, if any, that rank on a
        parity with the Series A Preferred Stock in respect thereof, then the assets available for such distribution shall be distributed ratably to the holders of the Series A Preferred Stock and the holders of such parity shares in the proportion to
        their respective liquidation preferences. In the event the Corporation shall at any time after the Issue Date (A) declare or pay any dividend on the Common Stock payable in shares of Common Stock, or (B) effect a subdivision or combination or
        consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the aggregate
        amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under the proviso in clause (i) of this <u>Section 6(a)</u> shall be adjusted by multiplying such amount by a fraction the numerator of
        which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.&#160; In the event the Corporation shall
        at any time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision, combination or consolidation of the outstanding shares of Series A Preferred Stock (by reclassification
        or otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A Preferred Stock, then in each such case the aggregate amount to which holders of shares of Series A Preferred
        Stock were entitled immediately prior to such event under the proviso in clause (i) of paragraph (a) of this Section 6 shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Series A Preferred
        Stock that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Neither the merger, consolidation or other business combination of the Corporation into or with another entity nor the merger, consolidation or other business combination of any other
          entity into or with the Corporation (nor the sale, lease, exchange or conveyance of all or substantially all of the property, assets or business of the Corporation) shall</font></div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 12pt;"><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">be deemed to be a liquidation, dissolution or winding up of the Corporation within the meaning of this Section 6.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">7.&#160; &#160; &#160; <u>Consolidation, Merger, etc.</u> Notwithstanding anything to the contrary contained herein, in case the Corporation
        shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are converted into, exchanged for or changed into other stock or securities, cash and/or any other property (payable in kind), then in
        any such case each share of Series A Preferred Stock shall at the same time be similarly converted into, exchanged for or changed into an amount per share (subject to the provision for adjustment hereinafter set forth) equal to 1,000 times the
        aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may be, into which or for which each share of Common Stock is converted or exchanged. In the event the Corporation shall at any time after the
        Issue Date (i) declare or pay any dividend on the Common Stock payable in shares of Common Stock, or (ii) effect a subdivision or combination or consolidation (by reclassification or otherwise than by payment of a dividend in shares of Common
        Stock) of the outstanding shares of Common Stock into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the conversion, exchange or change of shares of Series
        A Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common
        Stock that were outstanding immediately prior to such event.&#160; In the event the Corporation shall at any time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision,
        combination or consolidation of the outstanding shares of Series A Preferred Stock (by reclassification or otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A
        Preferred Stock, then in each such case the amount set forth in the first sentence of this Section 7 with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction, the
        numerator of which is the number of shares of Series A Preferred Stock that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">8.&#160; &#160; &#160; <u>No Redemption</u>. The shares of Series A Preferred Stock shall not be redeemable from any holder.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">9.&#160; &#160; &#160; <u>Rank</u>. The Series A Preferred Stock shall rank, with respect to the payment of dividends and the distribution of
        assets upon liquidation, dissolution or winding up of the Corporation, junior to all series of any other class of the Preferred Stock issued either before or after the issuance of the Series A Preferred Stock, unless the terms of any such series
        shall provide otherwise, and shall rank senior to the Common Stock.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">10.&#160; &#160; &#160; <u>Amendment</u>. At such time as any shares of Series A Preferred Stock are outstanding, if any proposed amendment
        to the Articles of Incorporation (including this Certificate of Designation) would materially alter, change or repeal any of the preferences, powers or special rights given to the Series A Preferred Stock so as to affect the Series A Preferred
        Stock adversely, then the holders of the Series A Preferred Stock shall be entitled to vote separately as a class upon such amendment, and the affirmative vote of two-thirds of the outstanding shares of the Series A</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-bottom: 12pt;"><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Preferred Stock, voting separately as a single class, shall be necessary for the adoption thereof, in addition to such other vote as may be
        required by the NRS.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">11.&#160; &#160; &#160; <u>Fractional Shares</u>. Series A Preferred Stock may be issued in fractions of a share that shall entitle the
        holder, in proportion to such holder&#8217;s fractional shares, to exercise voting rights, receive dividends, participate in distributions and to have the benefit of all other rights of holders of Series A Preferred Stock.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, the undersigned have signed and attested this Certificate of
        Designation on this 28th day of March 2023.</div>
      <div style="text-align: left; margin-left: 216pt; margin-bottom: 24pt; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
      <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">By:<u>&#160; /s/ Juergen Stark&#160;</u></div>
      <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">Name:&#160; Juergen Stark<br>
      </div>
      <div style="text-align: left; margin-left: 216pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Title:&#160;&#160;&#160; Chief Executive Officer and President<br>
      </div>
      <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Attest:</div>
      <u> </u>
      <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><u>/s/ John T. Hanson</u></div>
      <div style="text-align: left; margin-bottom: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">John T. Hanson, Secretary</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 4.1</font><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">RIGHTS AGREEMENT</div>
          <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">by and between<br>
            </font><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TURTLE BEACH CORPORATION</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">and</div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">ISSUER DIRECT CORPORATION,</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">as Rights Agent,</div>
          <div style="margin-bottom: 48pt;"><br>
          </div>
          <div style="text-align: center; margin-bottom: 48pt; font-family: 'Times New Roman'; font-size: 10pt;">Dated as of March 28, 2023</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TABLE OF CONTENTS</div>
            <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Page</div>
            <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
          </div>
          <table cellspacing="0" cellpadding="4" border="0" id="z2655881a406e4bdcb6a94aa230ee7685" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 1.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Certain Definitions</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">1</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 2.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Appointment of the Rights Agent</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">12</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 3.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Issuance of Rights Certificates</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">13</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 4.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Form of Rights Certificates.</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">15</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 5.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Countersignature and Registration</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">16</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 6.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Transfer, Split-Up, Combination, and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or Stolen Rights Certificates.</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">17</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 7.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Exercise of Rights; Purchase Price; Expiration Date of Rights.</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">18</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 8.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Cancellation and Destruction of Rights Certificates</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">20</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 9.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Reservation and Availability of Capital Stock</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">20</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 10.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Preferred Shares Record Date</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">22</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 11.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Adjustment of Purchase Price, Number and Kind of Shares, or Number of Rights</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">22</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 12.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Certificate of Adjusted Purchase Price or Number of Shares</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">30</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 13.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Consolidation, Merger, or Sale or Transfer of Assets, Cash Flow or Earning Power</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">30</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 14.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Fractional Rights and Fractional Shares</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">33</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 15.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Rights of Action</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">35</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 16.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Agreement of Rights Holders</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">35</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 17.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Rights Certificate Holder Not Deemed a Stockholder</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">36</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 18.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Concerning the Rights Agent</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">36</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 19.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Merger or Consolidation or Change of Name of the Rights Agent</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">37</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 20.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Duties of the Rights Agent</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">38</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 21.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Change of the Rights Agent</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">41</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 22.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Issuance of New Rights Certificates</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">42</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 23.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Redemption and Termination; Exemption of a Qualifying Offer</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">42</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 24.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Exchange of Rights.</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">45</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 25.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Process to Seek Exemption</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">47</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 26.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Notice of Certain Events</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">47</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 27.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Notices</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">49</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 28.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Supplements and Amendments</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">49</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 29.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Successors</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">50</div>
                </td>
              </tr>

          </table>
          <div><br>
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          <div><br>
          </div>
          <div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TABLE OF CONTENTS</div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(continued)</div>
            <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Page</div>
            <div style="text-align: right; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
          </div>
          <table cellspacing="0" cellpadding="4" border="0" id="z6bd47109889c477fbae3eeffa7d43781" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 30.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Determinations and Actions by the Board</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">50</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 31.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Benefits of this Agreement</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">51</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 32.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Severability</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">51</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 33.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Governing Law</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">51</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 34.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Counterparts; Facsimiles and PDFs</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">51</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 35.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Descriptive Headings</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">51</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 36.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Force Majeure</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">51</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Section 37.</div>
                </td>
                <td style="width: 70%; vertical-align: top;">
                  <div style="margin-right: 36pt; font-family: 'Times New Roman';">Further Assurance</div>
                </td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: right; font-family: 'Times New Roman';">52</div>
                </td>
              </tr>

          </table>
          <div style="margin-bottom: 6pt;"><br>
          </div>
          <table cellspacing="0" cellpadding="0" id="z51c452adb9544c5aa179646320335d06" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 100%; vertical-align: top;" colspan="2">
                  <div style="font-family: 'Times New Roman'; font-weight: bold;">Exhibits</div>
                </td>
              </tr>
              <tr>
                <td style="width: 22.86%; vertical-align: top;">&#160;</td>
                <td style="width: 77.14%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 22.86%; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Exhibit A:</div>
                </td>
                <td style="width: 77.14%; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Form of Certificate of Designation of Series A Junior Participating Preferred Stock</div>
                  <div style="font-family: 'Times New Roman';"> <br>
                  </div>
                </td>
              </tr>
              <tr>
                <td style="width: 22.86%; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Exhibit B:</div>
                </td>
                <td style="width: 77.14%; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Form of Rights Certificate<br>
                    <br>
                  </div>
                </td>
              </tr>
              <tr>
                <td style="width: 22.86%; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Exhibit C:</div>
                </td>
                <td style="width: 77.14%; vertical-align: top;">
                  <div style="font-family: 'Times New Roman';">Form of Summary of Rights to Purchase Preferred Stock</div>
                  <div style="font-family: 'Times New Roman';"> <br>
                  </div>
                </td>
              </tr>

          </table>
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          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">RIGHTS AGREEMENT</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">RIGHTS AGREEMENT, dated as of March 28, 2023 (this &#8220;<font style="font-weight: bold;">Agreement</font>&#8221;), by and between
            Turtle Beach Corporation, a Nevada corporation (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;), and Issuer Direct Corporation, as rights agent (the &#8220;<font style="font-weight: bold;">Rights Agent</font>&#8221;).</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">RECITALS</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, on March 27, 2023 (the &#8220;<font style="font-weight: bold;">Rights Dividend Declaration Date</font>&#8221;), the Board of
            Directors of the Company (the &#8220;<font style="font-weight: bold;">Board</font>&#8221;) adopted this Agreement and authorized and declared a dividend distribution of one preferred share purchase right (each, a &#8220;<font style="font-weight: bold;">Right</font>&#8221;
            and collectively, the &#8220;<font style="font-weight: bold;">Rights</font>&#8221;) for each Common Share (as hereinafter defined) outstanding at the Close of Business (as hereinafter defined) on April 10, 2023 (the &#8220;<font style="font-weight: bold;">Record
              Date</font>&#8221;), each Right initially representing the right to purchase one one-thousandth (subject to adjustment in accordance with the provisions of this Agreement) of a Preferred Share (as hereinafter defined) and having the rights,
            preferences and privileges set forth in the form of Certificate of Designation of Series A Junior Participating Preferred Stock attached hereto as <u>Exhibit A</u>, upon the terms and subject to the conditions set forth herein; and</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">WHEREAS, the Board further authorized and directed the issuance of one Right (subject to adjustment in accordance with the
            provisions of this Agreement) with respect to (i) each Common Share that the holders of the Company&#8217;s prefunded warrants outstanding as of the Close of Business on the Record Date (the &#8220;<font style="font-weight: bold;">Prefunded Warrants</font>&#8221;)

            would be entitled to acquire upon complete exercise thereof (without regard to any limitations on exercise thereof) and (ii) each Common Share that becomes outstanding between the Record Date and the earlier of the Distribution Date and the
            Expiration Date (as such terms are hereinafter defined); <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that Rights may be issued with respect to Common Shares that shall become outstanding after the Distribution
            Date and prior to the Expiration Date in accordance with Section 22 hereof;</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties, intending to be
            legally bound hereby, agree as follows:</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 1.&#160; &#160; &#160; <u>Certain Definitions</u>.&#160; For purposes of this Agreement, the following terms have the meanings
            indicated:</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Acquiring Person</font>&#8221; shall mean any Person who or which, together with all Related Persons of such Person, from and after the first public
              announcement by the Company of the adoption of this Agreement, is or becomes the Beneficial Owner of twelve percent (12.0%) or more of the Common Shares then outstanding, whether or not such Person continues to be the Beneficial Owner of
              twelve percent (12.0%) or more of the Common Shares then outstanding, but shall not include an Exempt Person or a Grandfathered Person. Notwithstanding the foregoing: (i) no Person shall become an Acquiring Person solely as a result of (A)
              the grant or issuance by the Company to its directors, officers and/or employees of any options, warrants, rights or similar interests to acquire Common Shares by the Company pursuant to any employee benefit, stock incentive plan, stock
              option plan or stock ownership plan of the Company adopted by the Board, and the subsequent vesting, exercise or conversion of such options, warrants, rights or similar interests, (B) the grant or issuance by the Company to its directors,
              officers and/or employees of</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">restricted Common Shares or restricted stock units, pursuant to a restricted stock or other compensation plan or arrangement adopted by the
            Board, and/or the subsequent vesting of such shares or stock units, (C) the acquisition of Common Shares by the Company or another Exempt Person which, by reducing the number of Common Shares outstanding, increases the proportionate number of
            Common Shares Beneficially Owned by such Person, together with all Related Persons of such Person, to twelve percent (12.0%) or more of the Common Shares then outstanding; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font>
            that, if a Person shall become the Beneficial Owner of twelve percent (12.0%) or more of the Common Shares then outstanding by reason of acquisition of shares by an Exempt Person and shall, after the first public announcement by the Company or
            other Exempt Person disclosing such share acquisitions by an Exempt Person, become the Beneficial Owner of any additional Common Shares (other than pursuant to a stock split, reverse stock split, stock dividend, reclassification or similar
            transaction effected by the Company) and immediately thereafter is the Beneficial Owner of twelve percent (12.0%) or more of the Common Shares then outstanding, then such Person shall be an Acquiring Person, (D) a dividend or distribution paid
            or made by the Company on the outstanding Common Shares or pursuant to a stock split, subdivision or similar transaction effected by the Company in which all registered holders of Common Shares are treated substantially equally, or (E) the
            acquisition of Common Shares directly from the Company; and (ii) (A) if the Board determines that a Person who would otherwise be an Acquiring Person has become such inadvertently (including, without limitation, because such Person was unaware
            that it Beneficially Owned a percentage of Common Shares that would otherwise cause such Person to be an Acquiring Person, or such Person was aware of the extent of its Beneficial Ownership of Common Shares, but had no actual knowledge of the
            consequences of such Beneficial Ownership under this Agreement and had no intention of changing or influencing control of the Company), and (B) such Person and/or its Related Persons divests as promptly as practicable (and in any event within
            five (5) Business Days after being so requested by the Company) a sufficient number of Common Shares so that such Person, together with its Related Persons, is no longer the Beneficial Owner of twelve percent (12.0%) or more of the Common
            Shares then outstanding or, in the case solely of Derivative Interests, such Person terminates as promptly as practicable (and in any event within five (5) Business Days after being so requested by the Company) the subject derivative
            transaction or transactions or disposes of the subject derivative security or securities as promptly as practicable (and in any event within five (5) Business Days after being so requested by the Company), or establishes to the satisfaction of
            the Board that such Derivative Interests are not held with any intention of changing or influencing control of the Company, then such Person shall not be deemed to be or ever to have been an Acquiring Person for any purposes of this Agreement
            as a result of such inadvertent acquisition.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">A Person shall be deemed to be &#8220;<font style="font-weight: bold;">Acting in Concert</font>&#8221; with another Person if such Person knowingly acts pursuant to any agreement, arrangement or
              understanding (whether or not in writing) at any time after the first public announcement of the adoption of this Agreement, in concert or in parallel with such other Person or towards a common goal with such other Person, relating to
              changing or influencing the control of the Company or in connection with or as a participant in any transaction having that purpose or effect, where (i) each Person is conscious of the other Person&#8217;s conduct and this awareness is an element
              in their respective decision-making processes and (ii) at least one additional factor supports a determination by the Board that such Persons intended to act in concert or in parallel, which additional factors may include exchanging
              information, attending meetings, conducting discussions, or making or soliciting invitations to act in concert or in parallel; <u>provided</u> that, the additional factor required shall not include actions by</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">an officer or director of the Company acting in such capacities. Notwithstanding the foregoing, no Person shall be deemed to be Acting in
            Concert with another Person solely as a result of (a) making or receiving a solicitation of, or granting or receiving, revocable proxies or consents given in response to a public proxy or consent solicitation made to more than 10 holders of
            shares of a class of stock of the Company registered under Section 12 of the Exchange Act, (b) soliciting or being solicited for tenders of, or tendering or receiving tenders of, securities in a public tender or exchange offer made pursuant to,
            and in accordance with, Section 14(d) of the Exchange Act by means of a tender offer statement filed on Schedule TO, or (c) such Person who is an officer or member of the board of directors of another Person taking any action (or failing to
            take any action) solely in his or her capacity as such an officer or director of such other Person.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Adjustment Shares</font>&#8221; shall have the meaning set forth in Section 11(a)(ii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Affiliate</font>&#8221; and &#8220;<font style="font-weight: bold;">Associate</font>&#8221; shall have the respective meanings ascribed to such terms in Rule 12b-2 of
              the General Rules and Regulations under the Exchange Act; <u>provided</u>, <u>however</u>, that no director or officer of the Company shall be deemed an Affiliate or Associate of any other director or officer of the Company solely as a
              result of his or her being a director or officer of the Company.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Agreement</font>&#8221; shall have the meaning set forth in the preamble of this Agreement, as it may from time to time be supplemented, amended, renewed,
              restated or extended pursuant to the applicable provisions hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">A Person shall be deemed the &#8220;<font style="font-weight: bold;">Beneficial Owner</font>&#8221; of, shall be deemed to have &#8220;<font style="font-weight: bold;">Beneficial Ownership</font>&#8221; of,
              and shall be deemed to &#8220;<font style="font-weight: bold;">Beneficially Own</font>,&#8221; any securities:</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">which such Person or any of such Person&#8217;s Related Persons beneficially owns, directly or indirectly (as determined pursuant to Rule 13d-3 or Rule 13d-5 of the General Rules and
              Regulations under the Exchange Act);</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">which such Person or any of such Person&#8217;s Related Persons, directly or indirectly, has the legal, equitable or contractual right to acquire (whether such right is exercisable
              immediately, only after the passage of time, or upon the satisfaction of one or more conditions (whether or not within the control of such Person), compliance with regulatory requirements or otherwise) pursuant to any agreement, arrangement
              or understanding (whether or not in writing and other than customary agreements with and between underwriters and selling group members with respect to a bona fide public offering of securities registered under the Securities Act) or upon the
              exercise of conversion rights, exchange rights, other rights (other than the Rights), warrants, or options, or otherwise; <u>provided</u>, <u>however</u>, that a Person shall not be deemed the &#8220;Beneficial Owner&#8221; of, to have &#8220;Beneficial
              Ownership&#8221; of, or to &#8220;beneficially own,&#8221; (A) securities tendered pursuant to a tender offer or exchange offer made in accordance with the General Rules and Regulations under the Exchange Act by or on behalf of such Person or any of such
              Person&#8217;s Related Persons until such tendered securities are accepted for purchase or exchange, (B) securities issuable upon the exercise of Rights at any time prior to the occurrence of a Triggering Event, or (C) securities issuable upon the
              exercise of Rights from and after the occurrence of a Triggering Event, which Rights were acquired by such Person or any of such</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Person&#8217;s Related Persons prior to the Distribution Date or pursuant to Section 3(a) or Section 22 hereof (the &#8220;<font style="font-weight: bold;">Original Rights</font>&#8221;) or pursuant to Section 11(i) or Section 11(p) hereof in connection with an adjustment made with respect to any Original Rights;</div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">which such Person or any of such Person&#8217;s Related Persons, directly or indirectly, has the right to vote or dispose of, including pursuant to any agreement, arrangement, or
              understanding (whether or not in writing); <u>provided</u>, <u>however</u><font style="font-style: italic;">, </font>that a Person shall not be deemed the &#8220;Beneficial Owner&#8221; of, to have &#8220;Beneficial Ownership&#8221; of, or to &#8220;beneficially own,&#8221;
              any security as a result of an agreement, arrangement or understanding (whether or not in writing) to vote such security if such agreement, arrangement or understanding: (A) arises solely from a revocable proxy or consent (as such terms are
              defined in Regulation 14A under the Exchange Act) given to such Person in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the General Rules and Regulations promulgated under the Exchange Act to
              more than ten (10) holders of shares of a class of stock of the Company registered under Section 12 of the Exchange Act, (B) is not also then reportable by such Person on Schedule 13D under the Exchange Act (or any comparable or successor
              report); (C) arises solely because such security has been tendered pursuant to a tender or exchange offer made by such Person or any Related Persons thereof until such tendered security is accepted for payment or exchange; or (D) arises
              solely as a result of the fact that two or more unaffiliated Persons collectively act to petition (or have an agreement, arrangement or understanding to collectively act to petition) a court pursuant to and in accordance with Nevada Revised
              Statutes Section 78.345 to order the Company to hold an election of directors;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">which are beneficially owned, directly or indirectly, by any other Person (or any Related Person thereof) with which such Person (or any of such Person&#8217;s Related Persons) (A) is Acting
              in Concert or (B) has any agreement, arrangement or understanding (whether or not in writing) for the purpose of acquiring, holding, voting (except pursuant to a revocable proxy or consent as described in the proviso to Section 1(f)(iii)), or
              disposing of any voting securities of the Company; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that nothing in this Section 1(f)(iv) shall cause a Person engaged in business as an underwriter of securities to
              be the &#8220;Beneficial Owner&#8221; of, to have &#8220;Beneficial Ownership&#8221; of, or to &#8220;beneficially own,&#8221; any securities acquired, or which such Person has the right to acquire, as a result of customary agreements with and between underwriters and selling
              group members entered into in connection with a bona fide public offering of securities registered under the Securities Act; or</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">which are the subject of, or the reference securities for, or that underlie, any Derivative Interest of such Person or any of such Person&#8217;s Related Persons, with the number of Common
              Shares deemed beneficially owned being the notional or other number of Common Shares specified in the documentation evidencing the Derivative Interest as being subject to being acquired upon the exercise or settlement of the Derivative
              Interest or as the basis upon which the value or settlement amount of such Derivative Interest is to be calculated in whole or in part or, if no such number of Common Shares is specified in such documentation, as determined by the Board in
              its sole discretion to be the number of Common Shares to which the Derivative Interest relates.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Notwithstanding anything in this definition of Beneficial Ownership to the contrary, for all purposes of this Agreement,
            the phrase &#8220;then outstanding,&#8221; when used with reference to a Person&#8217;s</div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Beneficial Ownership of securities of the Company, shall mean the number of such securities then issued and outstanding together with the
            number of such securities not then actually issued and outstanding that such Person, together with all Related Persons, would be deemed to Beneficially Own hereunder. The number of Common Shares not actually issued and outstanding that such
            Person, together with all Related Persons of such Person, is otherwise deemed to Beneficially Own for purposes of this Agreement shall be deemed to be issued and outstanding for the purpose of computing the percentage of the outstanding number
            of Common Shares owned by such Person, together with all Related Persons of such Person, but shall not be deemed to be issued and outstanding for the purpose of computing the percentage of outstanding Common Shares owned by any other Person.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">No Person who is an officer, director or employee of an Exempt Person shall be deemed, solely by reason of such Person&#8217;s
            status or authority as such, to be the &#8220;Beneficial Owner&#8221; of, to have &#8220;Beneficial Ownership&#8221; of or to &#8220;Beneficially Own&#8221; any securities that are &#8220;Beneficially Owned&#8221; (as defined in this Section 1(f)), including, without limitation, in a
            fiduciary capacity, by an Exempt Person or by any other such officer, director or employee of an Exempt Person.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Notwithstanding any of the foregoing, no Person shall be deemed to be the &#8220;Beneficial Owner&#8221; of, to have &#8220;Beneficial
            Ownership&#8221; of or to &#8220;Beneficially Own&#8221; any securities which such Person or any of such Person&#8217;s Related Persons would otherwise be deemed to &#8220;Beneficially Own&#8221; pursuant to this Section 1(f) solely as a result of any merger or other acquisition
            agreement between the Company and such Person (or one or more of such Person&#8217;s Related Persons), or any tender, voting or support agreement entered into by such Person (or one or more of such Person&#8217;s Related Persons) in connection therewith,
            if, prior to such Person becoming an Acquiring Person, the Board has approved such merger or other acquisition agreement, or such tender, voting or support agreement.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Board</font>&#8221; shall have the meaning set forth in the recitals to this Agreement and also includes any duly authorized committee thereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Book Entry</font>&#8221; shall mean an uncertificated book entry for any Common Share, Prefunded Warrants or Preferred Share.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Business Day</font>&#8221; shall mean any day other than a Saturday, Sunday or a day on which banking institutions in the State of New York are authorized or
              obligated by law or executive order to close.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(j)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Bylaws</font>&#8221; shall mean the Company&#8217;s Bylaws, as in effect on the date hereof, and as such may be amended, modified or restated from time to time.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(k)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Close of Business</font>&#8221; on any given date shall mean 5:00 p.m., New York City time, on such date; <u>provided</u>, <u>however</u>, that if such
              date is not a Business Day, it shall mean 5:00 p.m., New York City time, on the next succeeding Business Day.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(l)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Closing Price</font>&#8221; of any security on any given day shall be the last sale price, regular way, of such security or, in case no such sale takes place
              on such day, the average of the closing bid and asked prices, regular way, on the principal trading market on which such security is then traded.</font></div>
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          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(m)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Common Shares</font>&#8221; shall mean the shares of common stock, par value $0.001 per share, of the Company or any other shares of capital stock of the
              Company into which such shares shall be reclassified or exchanged, except that &#8220;<font style="font-weight: bold;">Common Shares</font>&#8221; when used with reference to any Person other than the Company shall mean the capital stock of such Person
              with the greatest voting power, or the equity securities or other equity interests having power to control or direct the management of such Person.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(n)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Common Stock Equivalents</font>&#8221; shall have the meaning set forth in Section 11(a)(iii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(o)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Company</font>&#8221; shall have the meaning set forth in the preamble hereto, except as otherwise provided in Section 13(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(p)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Current Market Price</font>&#8221; shall have the meaning set forth in Section 11(d) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(q)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Current Value</font>&#8221; shall have the meaning set forth in Section 11(a)(iii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(r)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-weight: bold;">&#8220;Definitive Acquisition Agreement&#8221;</font> shall mean any agreement entered into by the Company that is conditioned on the approval by the holders of not
              less than a majority of the outstanding Common Shares of the Company and is with respect to (i) a share exchange, one-step merger, tender offer and second-step merger, consolidation, recapitalization, reorganization, business combination or
              similar transaction involving the Company, or (ii) the acquisition, directly or indirectly, of assets or earning power aggregating 50% or more of the consolidated assets or earning power of the Company and its Subsidiaries (taken as a whole).</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(s)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Derivative Interest</font>&#8221; shall mean any derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the
              value of the underlying equity increases, including, without limitation, a long convertible security, a long call option and a short put option position, in each case, regardless of whether (i) such interest conveys any voting rights in such
              security, (ii) such interest is required to be, or is capable of being, settled through delivery of such security or (iii) transactions hedging the economic effect of such interest.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(t)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Distribution Date</font>&#8221; shall mean the Close of Business on the earlier to occur of (i) the tenth (10th) Business Day (or such later date as may be
              determined from time to time by action of a majority of the Board prior to the Distribution Date that would otherwise have occurred) after the Shares Acquisition Date (or, if the tenth (10th) Business Day after the Shares Acquisition Date
              occurs before the Record Date, then the Close of Business on the Record Date), or (ii) the tenth (10th) Business Day (or such later date as may be determined from time to time by action of a majority of the Board prior to the Distribution
              Date that would otherwise have occurred) after the date of the commencement of, or first public announcement of the intent of any Person (other than an Exempt Person) to commence (within the meaning of Rule 14d-2(a) of the General Rules and
              Regulations under the Exchange Act), following the first public announcement by the Company of the adoption of this Agreement, a tender or exchange offer, the successful consummation of which would result in any Person (other than an Exempt
              Person) becoming an Acquiring Person, irrespective of whether any shares are actually purchased or exchanged pursuant</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">to such offer; <u>provided</u>, <u>however</u>, that if a tender or exchange offer is terminated prior to the occurrence of a Distribution
            Date, then no Distribution Date shall occur as a result of such tender or exchange offer. The Board may, if deferral is allowed in clause (i) or (ii) of the preceding sentence, defer the date set forth in such clause, as applicable, to a
            specified later date or an unspecified later date to be determined by a subsequent action or event.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(u)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-weight: bold;">&#8220;Excess Shares&#8221;</font> shall have the meaning set forth in Section 11(a)(ii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Equivalent Preferred Shares</font>&#8221; shall have the meaning set forth in Section 11(b) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(w)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Exchange Act</font>&#8221; shall mean the Securities Exchange Act of 1934, as amended.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(x)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Exchange Property</font>&#8221; shall have the meaning set forth in Section 24(f) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(y)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Exchange Ratio</font>&#8221; shall have the meaning set forth in Section 24(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(z)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Exchange Recipients</font>&#8221; shall have the meaning set forth in Section 24(f) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(aa)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Exempt Person</font>&#8221; shall mean (i) the Company, (ii) any Subsidiary of the Company, (iii) any employee stock ownership plan, employee benefit plan or
              other compensation program or arrangement of the Company or of any of its Subsidiaries, or any Person holding Common Shares for or pursuant to the terms of any such plan, program or arrangement or for the purpose of funding any such plan,
              program or arrangement, (iv) any Person organized, appointed or established by the Company or any of its Subsidiaries for or pursuant to the terms of any such plan, program or arrangement during the time such Person acts in such capacity and
              (v) any Person deemed to be an &#8220;Exempt Person&#8221; in accordance with Section 25.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(bb)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Exemption Date</font>&#8221; shall have the meaning set forth in Section 23(c)(vi) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(cc)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Expiration Date</font>&#8221; shall have the meaning set forth in Section 7(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(dd)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Final Expiration Date</font>&#8221; shall have the meaning set forth in Section 7(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ee)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">General Rules and Regulations</font>&#8221; shall mean Part 240, Subpart A &#8212;Rules and Regulations under the Securities Exchange Act of 1934, as amended.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ff)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Grandfathered Person</font>&#8221; shall mean any Person who or which, together with all Related Persons of such Person, would, as of the time immediately
              prior to the first public announcement by the Company of the adoption of this Agreement, be deemed an &#8220;Acquiring Person;&#8221; <u>provided</u>, <u>however</u>, that such Person, together with all Related Persons, shall cease to be a
              Grandfathered Person and shall become an Acquiring Person if, following the first public</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">announcement by the Company of the adoption of this Agreement, such Person, together with all Related Persons, shall acquire, without the
            prior approval of the Board, Beneficial Ownership of any additional Common Shares (other than as a result of (i) the acquisition of Common Shares on the date of such announcement pursuant to orders placed prior to such announcement, (ii) a
            stock dividend, stock split, reverse stock split, subdivision or similar transaction effected by the Company in which all registered holders of Common Shares are treated substantially equally, (iii) the grant or issuance by the Company to its
            directors, officers and/or employees of options, warrants, rights or similar interests to acquire Common Shares by the Company pursuant to any employee benefit, stock incentive plan, stock option plan or stock ownership plan of the Company
            adopted by the Board, and the subsequent vesting, exercise or conversion of such options, warrants, rights or similar interests, (iv) the grant or issuance by the Company to its directors, officers and/or employees of restricted Common Shares
            or restricted stock units pursuant to a restricted stock or other compensation plan or arrangement adopted by the Board and/or the subsequent vesting of such shares or stock units, or (v) the acquisition of Common Shares directly from the
            Company) while such Person (together with all Related Persons) is the Beneficial Owner of twelve percent (12.0%) or more of the Common Shares then outstanding.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(gg)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Independent Board Members</font>&#8221; shall mean those members of the Board that have been determined by the Board to be independent in accordance with
              Nasdaq Marketplace Rule 5605(a)(2).</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(hh)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Nasdaq&#8221; </font>shall mean The Nasdaq Stock Market.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">NYSE</font>&#8221; shall mean the New York Stock Exchange.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(jj)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Original Rights</font>&#8221; shall have the meaning set forth in Section 1(f)(ii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(kk)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Outside Meeting Date</font>&#8221; shall have the meaning set forth in Section 23(c) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ll)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Ownership Statement</font>&#8221; shall have the meaning set forth in Section 3(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(mm)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Person</font>&#8221; shall mean any individual, firm, corporation, partnership, limited liability company, limited liability partnership, trust, association,
              syndicate or other entity, and shall include any successor (by merger or otherwise) of such entity.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(nn)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Preferred Shares</font>&#8221; shall mean shares of Series A Junior Participating Preferred Stock, par value $0.001 per share, of the Company having the
              relative rights, preferences and limitations set forth in the form of Certificate of Designation attached to this Agreement as <u>Exhibit A</u>, and, to the extent that there are not a sufficient number of shares of Series A Junior
              Participating Preferred Stock authorized to permit the full exercise of the Rights, any other series of preferred stock of the Company designated for such purpose containing terms substantially similar to the terms of the Series A Junior
              Participating Preferred Stock.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(oo)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Prefunded Warrants</font>&#8221; shall have the meaning set forth in the recitals hereto.</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
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          </div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(pp)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Principal Party</font>&#8221; shall have the meaning set forth in Section 13(b) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(qq)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Purchase Price</font>&#8221; shall have the meaning set forth in Section 7(b) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(rr)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Qualifying Offer</font>&#8221; shall mean an offer determined by a majority of the Independent Board Members to have each of the following characteristics:</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">a fully financed, all cash tender offer for all of the outstanding Common Shares, or an exchange offer offering shares of common stock of the offeror, or a combination thereof, in each
              such case for any and all of the outstanding Common Shares (whether such shares are outstanding at the commencement of the offer or become outstanding thereafter upon the exercise or conversion of options or other securities that are
              outstanding at the commencement of the offer) at the same per share consideration;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer that has commenced within the meaning of Rule 14d&#8211;2(a) under the Exchange Act;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer that is subject to only the Minimum Tender Condition and other customary terms and conditions, which conditions shall not include any financing, funding or similar conditions
              or any requirements with respect to the offeror or its agents or any Person being permitted any due diligence with respect to the books, records, management, accountants or other outside advisors of the Company;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer pursuant to which the Company has received an irrevocable written commitment of the offeror that the offer will remain open until at least the latest of (A) the date the Board
              redeems the outstanding Rights; (B) if a Special Meeting is not duly requested in accordance with Section 23 (or is duly requested in accordance with Section 23 and is withdrawn within sixty (60) days following the end of the Board Evaluation
              Period), sixty (60) days following the end of the Board Evaluation Period; and (C) if a Special Meeting is duly requested in accordance with Section 23(c), ten (10) days after the date of such Special Meeting or, if no Special Meeting is held
              within the Special Meeting Period, ten (10) days following the last day of such Special Meeting Period;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer that is conditioned on a minimum of at least a majority of (A) the outstanding Common Shares on a fully diluted basis and (B) the outstanding Common Shares not held by the
              Person making such offer (and such Person&#8217;s Related Persons) being tendered and not withdrawn as of the offer&#8217;s expiration date, which condition shall not be waivable (the &#8220;<font style="font-weight: bold;">Minimum Tender Condition</font>&#8221;);</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vi)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer pursuant to which the Company and its stockholders have received an irrevocable written commitment of the offeror that no amendments will be made to the offer to reduce the
              consideration being offered or to otherwise change the terms of the offer in a way that is adverse to a tendering stockholder (other than extensions of the offer consistent with the terms hereof);</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">if the offer includes shares of common stock of the offeror, an offer pursuant to which (A) the offeror shall permit representatives of the Company (including a nationally recognized
              investment banking firm retained by the Board and legal counsel and an</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">accounting firm designated by the Company) to have access to such offeror&#8217;s books, records, management, accountants, financial advisors,
            counsel and any other appropriate outside advisers for the purposes of permitting such representatives to conduct a due diligence review of the offeror in order to permit the Board to evaluate the offer and make an informed decision and, if
            requested by the Board, to permit such investment banking firm (relying as appropriate on the advice of such legal counsel) to be able to render an opinion to the Board with respect to whether the consideration being offered to the stockholders
            of the Company is fair from a financial point of view, and (B) within ten (10) Business Days after such representatives of the Company (including a nationally-recognized investment banking firm retained by the Board and legal counsel and an
            accounting firm designated by the Company) shall have notified the Company and the offeror that they had completed such due diligence review to their satisfaction (or, following completion of such due diligence review, within ten (10) Business
            Days after any increase in the consideration being offered), such investment banking firm does not render an opinion to the Board of the Company that the consideration being offered to the stockholders of the Company is either unfair or
            inadequate and such investment banking firm does not, after the expiration of such ten (10) Business Day period, render an opinion to the Board that the consideration being offered to the stockholders of the Company has become either unfair or
            inadequate based on a subsequent disclosure or discovery of a development or developments that have had or are reasonably likely to have an adverse effect on the value of the common stock of the offeror;</div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(viii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer (other than an offer consisting solely of cash consideration) pursuant to which the Company has received the written representation and certification of the offeror and the
              written representations and certifications of the offeror&#8217;s Chief Executive Officer and Chief Financial Officer, acting in such capacities, that (A) all facts about the offeror that would be material to making an investor&#8217;s decision to accept
              the offer have been fully and accurately disclosed as of the date of the commencement of the offer within the meaning of Rule 14d-2(a) under the Exchange Act, (B) all such new facts will be fully and accurately disclosed on a prompt basis
              during the entire period during which the offer remains open, and (C) all required Exchange Act reports will be filed by the offeror in a timely manner during such period; and</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ix)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">an offer that is otherwise in the best interests of the Company and its stockholders.</font></div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">For the purposes of this definition of Qualifying Offer, &#8220;<font style="font-weight: bold;">fully financed</font>&#8221; shall mean that the offeror
            has sufficient funds for the offer and related expenses which shall be evidenced by (1) firm, unqualified, written commitments from responsible financial institutions having the necessary financial capacity, accepted by the offeror, to provide
            funds for such offer subject only to customary terms and conditions, which conditions shall not include any requirements with respect to such financial institutions or any other Person being permitted any due diligence with respect to the
            books, records, management, accountants and other outside advisors of the Company, (2) cash or cash equivalents then available to the offeror, set apart and maintained solely for the purpose of funding the offer with an irrevocable written
            commitment being provided by the offeror to the Board to maintain such availability until the offer is consummated or withdrawn, or (3) a combination of the foregoing; which evidence has been provided to the Company prior to, or upon,
            commencement of the offer and is reasonably satisfactory to the Board. If an offer becomes a Qualifying Offer in accordance with this definition, but subsequently ceases to be a Qualifying Offer as a result of the failure at a later date to
            continue to satisfy any of the requirements of this</div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">definition, such offer shall cease to be a Qualifying Offer and the provisions of Section 23(c) shall no longer be applicable to such offer,
            provided that an Exemption Date shall not have already occurred with respect to such Qualifying Offer pursuant to Section 23(c).</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ss)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Qualifying Offer Resolution</font>&#8221; shall have the meaning set forth in Section 23(c) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(tt)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Record Date</font>&#8221; shall have the meaning set forth in the recitals hereto.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(uu)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Redemption Date</font>&#8221; shall have the meaning set forth in Section 7(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Redemption Period</font>&#8221; shall have the meaning set forth in Section 23(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ww)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Redemption Price</font>&#8221; shall have the meaning set forth in Section 23(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(xx)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Related Person</font>&#8221; shall mean, as to any Person, any Affiliates or Associates of such Person.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(yy)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Restated Articles of Incorporation</font>&#8221; shall mean the Company&#8217;s Articles of Incorporation, as amended, as such may be amended, modified or restated
              from time to time.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(zz)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Right</font>&#8221; shall have the meaning set forth in the recitals to this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(aaa)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Rights Agent</font>&#8221; shall have the meaning set forth in the preamble of this Agreement, except as otherwise provided in Section 19 and Section 21
              hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(bbb)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Rights Certificate</font>&#8221; shall have the meaning set forth in Section 3(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ccc)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Rights Dividend Declaration Date</font>&#8221; shall have the meaning set forth in the recitals to this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ddd)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">SEC</font>&#8221; shall mean the U.S. Securities and Exchange Commission and any successor agency or instrumentality of the United States government.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(eee)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Section 11(a)(ii) Event</font>&#8221; shall have the meaning set forth in Section 11(a)(ii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(fff)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Section 11(a)(ii) Trigger Date</font>&#8221; shall have the meaning set forth in Section 11(a)(iii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ggg)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Section 13 Event</font>&#8221; shall mean any event described in Section 13(a)(i), Section 13(a)(ii) or Section 13(a)(iii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(hhh)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Securities Act</font>&#8221; shall mean the Securities Act of 1933, as amended.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Shares Acquisition Date</font>&#8221; shall mean the first date of public announcement (which, for purposes of this definition, shall include, without
              limitation, the filing</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">of a report or an amendment thereto with the SEC pursuant to the Exchange Act or pursuant to a comparable successor statute) by the Company or
            an Acquiring Person indicating that an Acquiring Person has become such or that discloses information which reveals the existence of an Acquiring Person; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that if a
            Person is determined by the Board, in its sole discretion, not to have become an Acquiring Person pursuant to Section 1(a)(ii), then no Shares Acquisition Date shall be deemed to have occurred.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(jjj)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> &#8220;<font style="font-weight: bold;">Special Meeting</font>&#8221; shall have the meaning set forth in Section 23(c) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(kkk)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Special Meeting Demand</font>&#8221; shall have the meaning set forth in Section 23(c) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(lll)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Special Meeting Period</font>&#8221; shall have the meaning set forth in Section 23(c) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(mmm)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Spread</font>&#8221; shall have the meaning set forth in Section 11(a)(iii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(nnn)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Subsidiary</font>&#8221; shall mean, with reference to any Person, any corporation or other Person of which an amount of voting securities (or other
              ownership interests having ordinary voting power) sufficient to elect at least a majority of the directors (or other Persons performing similar functions) of such corporation or other Person is beneficially owned, directly or indirectly, by
              such first mentioned Person, or otherwise controlled by such first mentioned Person.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ooo)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> &#8220;<font style="font-weight: bold;">Substitution Period</font>&#8221; shall have the meaning set forth in Section 11(a)(iii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ppp)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Summary of Rights</font>&#8221; shall have the meaning set forth in Section 3(b) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(qqq)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Trading Day</font>&#8221; shall mean a day on which the principal national securities exchange on which the Common Shares are listed or admitted to trading
              is open for the transaction of business or, if the Common Shares are not listed or admitted to trading on any national securities exchange, a Business Day; <u>provided</u>, that if such security is not listed or quoted on the NYSE or Nasdaq
              and the principal market for such security is a non-U.S. securities exchange, then &#8220;Trading Day&#8221; shall mean a day on which such non-U.S. securities exchange is open for the transaction of business.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(rrr)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Triggering Event</font>&#8221; shall mean a Section 11(a)(ii) Event or any Section 13 Event.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 2.&#160; &#160; &#160; <u>Appointment of the Rights Agent</u>.&#160; The Company hereby appoints the Rights Agent to act as rights
            agent for the Company in accordance with the express terms and conditions hereof (and not implied terms and conditions), and the Rights Agent hereby accepts such appointment.&#160; The Company may from time to time appoint such co-rights agents as
            it may deem necessary or desirable, upon ten (10) calendar days&#8217; prior written notice to the Rights Agent.&#160; In the event the Company appoints one or more co-Rights Agents, the respective duties of the Rights Agent and any co-Rights Agents under
            the provisions of this Agreement shall be as the Company reasonably determines, and the Company shall notify, in writing, the Rights Agent and</div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">any co-Rights Agents of such duties.&#160; The Rights Agent shall have no duty to supervise, and shall in no event be liable for, the acts or
            omissions of any such co-rights agent.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 3.&#160; &#160; &#160; <u>Issuance of Rights Certificates</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Until the Distribution Date (i) the Rights will be evidenced (subject to Section 3(b) and Section 3(c) hereof) (A) by the certificates for the Common Shares registered in the names of
              the holders of the Common Shares (which certificates for Common Shares shall be deemed also to be certificates for Rights) or by the Book Entry Common Shares registered in the name of the holders, evidenced by notation in accounts reflecting
              current ownership statements issued with respect to uncertificated Common Shares in lieu of such certificates (&#8220;<font style="font-weight: bold;">Ownership Statements</font>&#8221;) (which Book Entry Common Shares, including any Ownership
              Statements, shall be deemed also to be certificates for Rights) or (B) by the certificates for the Prefunded Warrants (or by notations in the respective Book Entry accounts for the Prefunded Warrants), and in each case not by separate
              certificates, and the registered holders of the Common Shares or Prefunded Warrants shall also be the registered holders of the associated Rights, and (ii) the Rights will be transferable only in connection with the transfer of the underlying
              Common Shares or Prefunded Warrants (including a transfer to the Company). As soon as practicable after the Distribution Date, the Company shall prepare and execute, and upon the written request of the Company, the Rights Agent shall
              countersign and the Company will send or cause to be sent (and the Rights Agent will, if so requested and provided with all necessary information and documents will, at the expense of the Company, send), in accordance with Section 27 hereof,
              to each record holder of the Common Shares and Prefunded Warrants as of the Close of Business on the Distribution Date (other than an Acquiring Person or any Related Person of an Acquiring Person), one or more rights certificates, in
              substantially the form of <u>Exhibit B</u> attached hereto (the &#8220;<font style="font-weight: bold;">Rights Certificates</font>&#8221;), evidencing one Right for each Common Share so held or one Right for each Common Share that each such holder of
              Prefunded Warrants would be entitled to receive upon complete exercise thereof, subject to adjustment as provided herein.&#160; In the event that an adjustment in the number of Rights per Common Share has been made pursuant to Section 11(i) or
              Section 11(p) hereof, at the time of distribution of the Rights Certificates, the Company shall not be required to issue Rights Certificates evidencing fractional Rights but may, in lieu thereof, make the necessary and appropriate rounding
              adjustments (in accordance with Section 14(a) hereof) so that Rights Certificates evidencing only whole numbers of Rights are distributed and cash is paid in lieu of any fractional Rights. As of and after the Distribution Date, the Rights
              will be evidenced solely by such Rights Certificates. The Company shall promptly notify the Rights Agent in writing upon the occurrence of the Distribution Date.&#160; Until such written notice is received by the Rights Agent, the Rights Agent may
              presume conclusively for all purposes that the Distribution Date has not occurred.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">As promptly as practicable following the Record Date, the Company shall make available a copy of a Summary of Rights, in substantially the form attached hereto as <u>Exhibit C</u> (the
              &#8220;<font style="font-weight: bold;">Summary of Rights</font>&#8221;), to each record holder of Common Shares or Prefunded Warrants as of the Close of Business on the Record Date who may so request a copy from time to time prior to the Expiration
              Date. With respect to the Common Shares or Prefunded Warrants outstanding as of the Record Date, or the Common Shares issued subsequent to the Record Date, until the earlier of the Distribution Date and the Expiration Date, the Rights
              associated with such Common Shares or Prefunded Warrants will be evidenced by the certificate or Book Entry Common Shares</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">registered in the names of the holders thereof.&#160; Until the earlier of the Distribution Date and the Expiration Date, the surrender for
            transfer of any certificate or the transfer of any Book Entry representing Common Shares or Prefunded Warrants outstanding on the Record Date, with or without a copy of the Summary of Rights, shall also constitute the transfer of the Rights
            associated with the Common Shares or Prefunded Warrants, as applicable, evidenced thereby.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Rights shall without any further action, be issued in respect of all Common Shares that are issued (whether originally issued or from the Company&#8217;s treasury) after the Record Date but
              prior to the earlier of the Distribution Date and the Expiration Date and, to the extent provided in Section 22 hereof, in respect of Common Shares issued after the Distribution Date.&#160; Certificates and Book Entry Common Shares evidencing such
              Common Shares shall have printed or otherwise affixed to them a legend in substantially the following form:</font></div>
          <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">&#8220;This [certificate/statement] also evidences and entitles the registered holder
            hereof to certain Rights as set forth in the Rights Agreement between Turtle Beach Corporation, a Nevada corporation (the &#8220;<u>Company</u>&#8221;), and Issuer Direct Corporation, as rights agent (or any successor rights agent) (the &#8220;<u>Rights Agent</u>&#8221;),

            dated as of March 28, 2023, as the same may be amended, extended or renewed from time to time (the &#8220;<u>Rights Agreement</u>&#8221;), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal
            executive offices of the Company. Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this [certificate/statement]. The Company will mail
            to the registered holder of this [certificate/statement], without charge, a copy of the Rights Agreement, as in effect on the date of mailing, promptly after receipt of a written request therefor. Under certain circumstances set forth in the
            Rights Agreement, Rights which are issued or transferred to, which are or have been beneficially owned by an Acquiring Person or any Related Person thereof (as such capitalized terms are defined in the Rights Agreement) or any purported
            subsequent holder of such Rights will become null and void and will no longer be transferable. The Rights shall not be exercisable, and shall be void so long as held, by a holder in any jurisdiction where the requisite qualification to the
            issuance to such holder, or the exercise by such holder, of the Rights in such jurisdiction shall not have been obtained or be obtainable.&#8221;</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">With respect to any Book Entry Common Share, such legend shall be included in the Ownership Statement in respect of such
            Common Share or in a notice to the record holder of such Common Share in accordance with applicable law. With respect to such certificates or Ownership Statements containing the foregoing legend, until the earlier of the Distribution Date and
            the Expiration Date, the Rights associated with the Common Shares evidenced by such certificates or Book Entry Common Shares shall be evidenced by such certificates or such Book Entry Common Share (including any Ownership Statements) alone and
            the surrender for transfer of any certificate or transfer of any Book Entry Common Share shall also constitute the transfer of the Rights</div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">associated with the Common Shares evidenced thereby. Notwithstanding this Section 3(c) or anything to the contrary that may be contained
            elsewhere in this Agreement, neither the failure to print the foregoing legend on any certificates representing Common Shares or any defect that may be contained in the legend that is so printed, nor the failure to provide the notice thereof to
            the holder of any Book Entry Shares, shall affect the enforceability of any part of this Agreement or the rights of any holder of the Rights.&#160; In the event the Company purchases or otherwise acquires any Common Shares or Prefunded Warrants
            after the Record Date but prior to the Distribution Date, any Rights associated with such Common Shares or Prefunded Warrants shall be deemed cancelled and retired so that the Company shall not be entitled to exercise any Rights associated with
            such Common Shares or Prefunded Warrants that are no longer outstanding.&#160; In the event that any Common Shares or Prefunded Warrants are not represented by certificates, references in this Agreement to certificates shall be deemed to refer to
            the notations in the book entry accounts reflecting ownership of such Common Shares or Prefunded Warrants.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">After the Record Date but prior to the earlier of the Distribution Date and the Expiration Date, if new certificate(s)
            representing Common Shares or Prefunded Warrants are issued in connection with the transfer, split-up, combination or exchange of certificate(s) representing Common Shares or Prefunded Warrants, as applicable, or if new certificate(s)
            representing Common Shares or Prefunded Warrants are issued to replace any certificate(s) that have been mutilated, destroyed, lost, or stolen, then such new certificate(s) shall bear a legend in substantially the form of the foregoing.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 4.&#160; &#160; &#160; <u>Form of Rights Certificates</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Certificates (and the forms of election to purchase and of assignment and the certificates contained therein to be printed on the reverse thereof) shall each be substantially
              in the form attached hereto as <u>Exhibit B</u> and may have such marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem appropriate (but which do not affect the rights,
              duties, liabilities or responsibilities of the Rights Agent) and as are not inconsistent with the provisions of this Agreement, or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or
              with any law, rule or regulation of any national securities exchange on which the Rights may from time to time be listed, or to conform to usage.&#160; Subject to the provisions of Section 22 hereof, the Rights Certificates, whenever distributed,
              shall be dated as of the Record Date and on their face shall entitle the registered holders thereof to purchase such number of one one-thousandths of a Preferred Share as shall be set forth therein at the Purchase Price, but the amount and
              type of securities, cash or other assets that may be acquired upon the exercise of each Right and the Purchase Price thereof shall be subject to adjustment as provided herein.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Any Rights Certificate issued pursuant hereto that represents Rights beneficially owned by: (i) an Acquiring Person or any Related Person of an Acquiring Person, (ii) a transferee of an
              Acquiring Person (or of any such Related Person) who becomes a transferee after the Acquiring Person becomes such, or (iii) a transferee of an Acquiring Person (or of any such Related Person) who becomes a transferee prior to or concurrently
              with the Acquiring Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person (or any such Related Person) to holders of equity interests in such Acquiring
              Person or to any Person with whom such Acquiring Person has any</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">continuing agreement, arrangement or understanding (whether or not in writing) regarding the transferred Rights, or (B) a transfer which the
            Board, in its sole discretion, has determined is part of a plan, arrangement or understanding which has as a primary purpose or effect the avoidance of Section 7(e) hereof, and any Rights Certificate issued pursuant to Section 6 or Section 11
            hereof upon transfer, exchange, replacement or adjustment of any other Rights Certificate referred to in this sentence, shall contain (to the extent feasible, and only if the Company has provided specific written instructions to the Rights
            Agent) a legend in substantially the following form:</div>
          <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">&#8220;The Rights evidenced by this Rights Certificate are or were Beneficially Owned by a
            Person who was or became an Acquiring Person or a Related Person of an Acquiring Person (as such capitalized terms are defined in the Rights Agreement by and between Turtle Beach Corporation, a Nevada corporation, and Issuer Direct Corporation,
            as Rights Agent (or any successor rights agent), dated as of March 28, 2023, as the same may be amended, extended or renewed from time to time (the &#8220;<u>Rights Agreement</u>&#8221;)). Accordingly, this Rights Certificate and the Rights evidenced
            hereby may become null and void in the circumstances specified in Section 7(e) of the Rights Agreement and may no longer be transferable.&#8221;</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Company shall give written notice to the Rights Agent promptly after it becomes aware of the existence and identity of
            any Acquiring Person or any Related Person thereof.&#160; Until such notice is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that no Person has become an Acquiring Person or a Related Person of an Acquiring
            Person.&#160; The Company shall instruct the Rights Agent in writing of the Rights which should be so legended.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Notwithstanding this Section 4(b) or anything to the contrary that may be contained elsewhere in this Agreement, the
            omission of the foregoing legend or any legend substantially similar thereto shall not affect the enforceability of any part of this Agreement or the rights of any registered holder of Rights Certificates.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 5.&#160; &#160; &#160; <u>Countersignature and Registration</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Certificates shall be duly executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its President or any Vice President of the Company,
              and by the Secretary, an Assistant Secretary, the Treasurer/Chief Financial Officer or an Assistant Treasurer, either manually or by facsimile or portable document format signature.&#160; The Rights Certificates shall be countersigned by an
              authorized signatory of the Rights Agent, either manually or by facsimile or portable document format signature, and shall not be valid for any purpose unless so countersigned.&#160; In case any officer of the Company who shall have signed any of
              the Rights Certificates shall cease to be such officer of the Company before countersignature by an authorized signatory of the Rights Agent and issuance and delivery by the Company, such Rights Certificates, nevertheless, may be
              countersigned by an authorized signatory of the Rights Agent and issued and delivered by the Company with the same force and effect as though the Person who signed such Rights Certificates had not ceased to be such officer of the Company; and
              any Rights Certificates may be signed on behalf of the Company by any Person who, at the actual</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">date of the execution of such Rights Certificate, shall be a proper officer of the Company to sign such Rights Certificate, although at the
            date of the execution of this Agreement any such Person was not such an officer.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Following the Distribution Date, and receipt by the Rights Agent of written notice to that effect and all other relevant and necessary information and documents referred to in Section
              3(a), the Rights Agent will keep, or cause to be kept, at its office or offices designated as the appropriate place for surrender of Rights Certificates upon exercise or transfer, books for registration and transfer of the Rights Certificates
              issued hereunder.&#160; Such books shall show the names and addresses of the respective holders of the Rights Certificates, the number of Rights evidenced on its face by each of the Rights Certificates, and the date of each of the Rights
              Certificates.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 6.&#160; &#160; &#160; <u>Transfer, Split-Up, Combination, and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or
              Stolen Rights Certificates</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the provisions of Section 4(b), Section 7(e) and Section 14 hereof, at any time after the Close of Business on the Distribution Date, and at or prior to the Close of Business
              on the Expiration Date, any Rights Certificate or Rights Certificates (other than Rights Certificates representing Rights that have become null and void pursuant to Section 7(e) hereof, or evidencing Rights that have been redeemed or
              exchanged pursuant to Section 23 or Section 24 hereof) may be transferred, split-up, combined or exchanged for another Rights Certificate or Rights Certificates, entitling the registered holder to purchase a like number of one one-thousandths
              of a Preferred Share (or, following the occurrence of a Triggering Event, Common Shares, other securities, cash or other assets, as the case may be) as the Rights Certificate or Rights Certificates surrendered then entitles such holder (or
              former holder in the case of a transfer) to purchase.&#160; Any registered holder desiring to transfer, split-up, combine or exchange any Rights Certificate or Rights Certificates shall make such request in writing delivered to the Rights Agent,
              and shall surrender, together with any required form of assignment duly executed and properly completed, the Rights Certificate or Rights Certificates to be transferred, split-up, combined, or exchanged, with the form of assignment and
              certificate contained therein properly completed and duly executed and with all signatures guaranteed and any other such documentation that the Rights Agent shall reasonably request, at the office or offices of the Rights Agent designated for
              such purpose. The Rights Certificates are transferable only on the registry books of the Rights Agent.&#160; Neither the Rights Agent nor the Company shall be obligated to take any action whatsoever with respect to the transfer of any such
              surrendered Rights Certificate until the registered holder shall have: (i) properly completed and duly executed the certificate contained in the form of assignment on the reverse side of such Rights Certificate; (ii) provided such additional
              evidence of the identity of the Beneficial Owner (or former Beneficial Owner) of the Rights represented by such Rights Certificate or Related Persons thereof as the Company or the Rights Agent shall reasonably request; and (iii) paid a sum
              sufficient to cover any tax or charge that may be imposed in connection with any transfer, split up, combination or exchange of Rights Certificates as required by Section 9(e) hereof.&#160; Thereupon the Rights Agent shall, subject to Section
              4(b), Section 7(e), Section 14 and Section 24 hereof, countersign and deliver to the Person entitled thereto a Rights Certificate or Rights Certificates, as the case may be, as so requested. The Company may require payment from a registered
              holder of a Rights Certificate of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split-up, combination, or exchange</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">of Rights Certificates.&#160; If and to the extent the Company does require payment of any such taxes or charges, the Company shall give the Rights
            Agent prompt written notice thereof and the Rights Agent shall not deliver any Rights Certificate unless and until it is satisfied that all such payments have been made, and the Rights Agent shall forward any such sum collected by it to the
            Company or to such Persons as the Company specifies by written notice.&#160; The Rights Agent shall have no duty or obligation to take any action with respect to a holder of a Rights Certificate under any Section of this Agreement which requires the
            payment by such holder of a Rights Certificate of applicable taxes and/or charges unless and until it is satisfied that all such taxes and/or charges have been paid.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the provisions of this Agreement, at any time after the Distribution Date and prior to the Expiration Date, upon receipt by the Company and the Rights Agent of evidence
              reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Rights Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to them, and reimbursement to the Company and
              the Rights Agent of all reasonable expenses incidental thereto, and upon surrender to the Rights Agent and cancellation of the Rights Certificate, if mutilated, the Company will execute and deliver a new Rights Certificate of like tenor to
              the Rights Agent for countersignature and delivery to the registered holder in lieu of the Rights Certificate so lost, stolen, destroyed or mutilated.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 7.&#160; &#160; &#160; <u>Exercise of Rights; Purchase Price; Expiration Date of Rights</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to Section 7(e) hereof or as otherwise provided in this Agreement, at any time after the Distribution Date the registered holder of any Rights Certificate may exercise the
              Rights evidenced thereby (except as otherwise provided herein including, without limitation, the restrictions on exercisability set forth in Section 9(c), Section 11(a)(iii), and Section 23(a) hereof) in whole or in part upon surrender of the
              Rights Certificate, with the form of election to purchase and the certificate contained therein properly completed and duly executed, to the Rights Agent at the office or offices of the Rights Agent designated for such purpose, accompanied by
              a signature guarantee and such other documentation as the Rights Agent may reasonably request, together with payment of the aggregate Purchase Price with respect to the total number of one one-thousandths of a Preferred Share (or, following
              the occurrence of a Triggering Event, Common Shares, other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or prior to the earliest of (i) the Close of Business on March 28,
              2024, or such later date as may be established by the Board as long as the extension is submitted to the stockholders of the Company for ratification at the next annual meeting of stockholders succeeding such extension (the &#8220;<font style="font-weight: bold;">Final Expiration Date</font>&#8221;), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the &#8220;<font style="font-weight: bold;">Redemption Date</font>&#8221;), and (iii) the time at which the
              Rights are exchanged in full as provided in Section 24 hereof (the earliest of (i), (ii), and (iii) being herein referred to as the &#8220;<font style="font-weight: bold;">Expiration Date</font>&#8221;).</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The purchase price for each one one-thousandth of a Preferred Share pursuant to the exercise of a Right initially shall be $59.00, shall be subject to adjustment from time to time as
              provided in Section 11 and Section 13(a) hereof, and shall be payable in accordance with Section 7(c) hereof (such purchase price, as so adjusted, the &#8220;<font style="font-weight: bold;">Purchase Price</font>&#8221;).</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Upon receipt of a Rights Certificate evidencing exercisable Rights, with the form of election to purchase and the certificate contained therein properly completed and duly executed,
              accompanied by payment, with respect to each Right so exercised, of the Purchase Price (as such amount may be adjusted as provided herein) per one one-thousandth of a Preferred Share (or, following the occurrence of a Triggering Event, Common
              Shares, other securities, cash or other assets, as the case may be) to be purchased as set forth below and an amount equal to any applicable tax or charge, the Rights Agent shall, subject to Section 7(f) and Section 20(k) hereof, thereupon
              promptly (i) (A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent for such shares) certificates for the total number of one one-thousandths of a Preferred Share to be
              purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if, subject to Section 14 hereof, the Company shall have elected to deposit the total number of Preferred Shares issuable upon
              exercise of the Rights hereunder with a depositary agent, requisition from the depositary agent of depositary receipts evidencing such number of one one-thousandths of a Preferred Share as are to be purchased (in which case certificates for
              the Preferred Shares evidenced by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company will direct the depositary agent to comply with such request, (ii) if necessary to comply with this Agreement,
              requisition from the Company the amount of cash, if any, to be paid in lieu of fractional shares in accordance with Section 14 hereof, (iii) after receipt of such certificates or depositary receipts, subject to Section 7(f) below, cause the
              same to be delivered to or upon the order of the registered holder of such Rights Certificate, registered in such name or names as may be designated by such holder, and (iv) if necessary to comply with this Agreement, after receipt thereof,
              subject to Section 7(f) below, deliver such cash, if any, to or upon the order of the registered holder of such Rights Certificate.&#160; The payment of the Purchase Price (as such amount may be reduced pursuant to Section 11(a)(iii) hereof) shall
              be made in cash or by certified bank check or bank draft payable to the order of the Company.&#160; In the event that the Company is obligated to issue other securities (including Common Shares) of the Company, pay cash or distribute other
              property pursuant to Section 11(a) hereof, the Company will make all arrangements necessary so that such other securities, cash or other property are available for distribution by the Rights Agent, if and when necessary to comply with this
              Agreement, and until so received, the Rights Agent shall have no duties or obligations with respect to such securities, cash and/or other property.&#160; The Company reserves the right to require prior to the occurrence of a Triggering Event that,
              upon any exercise of Rights, a number of Rights be exercised so that only whole Preferred Shares would be issued.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case the registered holder of any Rights Certificate shall exercise less than all the Rights evidenced thereby, a new Rights Certificate evidencing the Rights remaining unexercised
              shall be issued by the Rights Agent and delivered to, or upon the order of, the registered holder of such Rights Certificate, registered in such name or names as may be designated by such holder, subject to the provisions of Sections 6 and 14
              hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything in this Agreement to the contrary, from and after the first occurrence of a Section 11(a)(ii) Event, any Rights beneficially owned by (i) an Acquiring Person or
              a Related Person of an Acquiring Person, (ii) a transferee of an Acquiring Person (or of any Related Person thereof) who becomes a transferee after the Acquiring Person becomes such, or (iii) a transferee of an Acquiring Person (or of any
              Related Person thereof) who becomes a transferee prior to or concurrently with the Acquiring Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Person (or any such Related Person) to holders of equity interests in such Acquiring Person (or any such Related Person) or to any Person with
            whom the Acquiring Person (or any such Related Person) has any continuing agreement, arrangement or understanding (whether or not in writing) regarding the transferred Rights or (B) a transfer that the Board, in its sole discretion, has
            determined is part of a plan, arrangement or understanding (whether or not in writing) that has as a primary purpose or effect the avoidance of this Section 7(e), shall become null and void without any further action and no holder of such
            Rights shall have any rights whatsoever with respect to such Rights, whether under any provision of this Agreement, the Rights Certificates or otherwise.&#160; The Company shall notify the Rights Agent when this Section 7(e) applies and shall use
            all reasonable efforts to ensure that the provisions of this Section 7(e) and Section 4(b) hereof are complied with, but neither the Company nor the Rights Agent shall have any liability to any holder of Rights Certificates or any other Person
            as a result of its failure to make any determinations with respect to an Acquiring Person or any of its Related Persons or transferees hereunder.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything in this Agreement or any Rights Certificate to the contrary, neither the Rights Agent nor the Company shall be obligated to undertake any action with respect to
              a registered holder of a Rights Certificate upon the occurrence of any purported exercise as set forth in this Section 7 unless such registered holder shall have (i) properly completed and duly executed the certificate contained in the form
              of election to purchase set forth on the reverse side of the Rights Certificate surrendered for such exercise, and (ii) provided such additional evidence of the identity of the Beneficial Owner (or Related Persons thereof) or former
              Beneficial Owner (or Related Persons thereof) of the Rights represented by the Rights Certificate as the Company or the Rights Agent shall reasonably request.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 8.&#160; &#160; &#160; <u>Cancellation and Destruction of Rights Certificates</u>.&#160; All Rights Certificates surrendered for the
            purpose of exercise, transfer, split-up, combination or exchange shall, if surrendered to the Company or any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be
            cancelled by it, and no Rights Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement.&#160; The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights
            Agent shall so cancel and retire, any other Rights Certificate purchased or acquired by the Company otherwise than upon the exercise thereof.&#160; The Rights Agent shall deliver all cancelled Rights Certificates to the Company, or shall, at the
            written request of the Company, destroy or cause to be destroyed such cancelled Rights Certificates, and in such case shall deliver a certificate of destruction thereof to the Company.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 9.&#160; &#160; &#160; <u>Reservation and Availability of Capital Stock</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company covenants and agrees that at all times prior to the Expiration Date it will cause to be reserved and kept available out of its authorized and unissued Preferred Shares (and,
              following the occurrence of a Triggering Event, out of its authorized and unissued Common Shares or other securities as may be issuable upon exercise of the Rights and/or out of its securities held in treasury, as the case may be), the number
              of Preferred Shares (and, following the occurrence of a Triggering Event, to the extent reasonably practicable, Common Shares or other securities, as the case may be) that, as provided in this Agreement, including, without limitation, Section
              11(a)(iii) hereof, will be sufficient to permit the exercise in full of all of the outstanding Rights. Upon the occurrence of any events resulting in an increase in the aggregate</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">20</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">number of Preferred Shares (or other equity securities of the Company) issuable upon exercise of all outstanding Rights above the number then
            reserved, the Company shall make appropriate increases in the number of shares so reserved.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">So long as the Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other securities, as the case may be) issuable and deliverable upon the exercise
              of the Rights may be listed on any national securities exchange or quoted on a quotation system, the Company shall use its best efforts to cause, from and after such time as the Rights become exercisable through the Expiration Date, all
              shares reserved for such issuance to be listed on such exchange or quoted on such quotation system, as the case may be, upon official notice of issuance upon such exercise.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company shall use its best efforts to (i) file, as soon as practicable following the earliest date after the first occurrence of a Section 11(a)(ii) Event on which the consideration
              to be delivered by the Company upon exercise of the Rights has been determined in accordance with Section 11(a) hereof, a registration statement on an appropriate form under the Securities Act, with respect to the securities purchasable upon
              exercise of the Rights, (ii) cause such registration statement to become effective as soon as practicable after such filing, and (iii) cause such registration statement to remain effective (with a prospectus at all times meeting the
              requirements of the Securities Act) until the earlier of (A) the date as of which the Rights are no longer exercisable for such securities, and (B) the Expiration Date. The Company will also take such action as may be appropriate under, or to
              ensure compliance with, the securities or &#8220;blue sky&#8221; laws of the various states in connection with the exercisability of the Rights.&#160; The Company may temporarily suspend, for a period of time not to exceed ninety (90) calendar days after the
              date set forth in clause (i) of the first sentence of this Section 9(c), the exercisability of the Rights in order to prepare and file such registration statement and permit it to become effective.&#160; Upon any such suspension, the Company shall
              issue a public announcement (with prompt written notice thereof to the Rights Agent; and until such written notice is received by the Rights Agent, the Rights Agent may presume conclusively that no such suspension has occurred) stating that
              the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the suspension is no longer in effect (with prompt written notice thereof to the Rights Agent; and until such written notice is
              received by the Rights Agent, the Rights Agent may presume conclusively that such suspension is still in effect).&#160; In addition, if the Company shall determine that a registration statement is required following the Distribution Date, the
              Company similarly may temporarily suspend the exercisability of the Rights until such time as a registration statement has been declared effective. Notwithstanding any provision of this Agreement to the contrary, the Rights shall not be
              exercisable in any jurisdiction if the requisite qualification in such jurisdiction shall not have been obtained, the exercise thereof shall not be permitted under applicable law, or a registration statement shall not have been declared
              effective.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company covenants and agrees that it will take all such action as may be necessary to ensure that all one one-thousandths of a Preferred Share (and, following the occurrence of a
              Triggering Event, Common Shares or other securities, as the case may be) delivered upon exercise of the Rights shall, at the time of delivery of the certificates or depositary receipts for such shares (subject to payment of the Purchase
              Price), be duly and validly authorized and issued and fully paid and nonassessable.</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">21</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company further covenants and agrees that it will pay when due and payable any and all federal and state taxes and charges that may be payable in respect of the issuance or delivery
              of the Rights Certificates and of any certificates, entries in the book entry account system of the transfer agent, or depositary receipts for a number of one one-thousandths of a Preferred Share (or, following the occurrence of a Triggering
              Event, Common Shares or other securities, cash or other assets, as the case may be) upon the exercise of Rights.&#160; The Company shall not, however, be required to pay any tax or charge that may be payable in respect of any transfer or delivery
              of Rights Certificates or depositary receipts or entries in the book entry account system of the transfer agent to a Person other than, or the issuance or delivery of a number of one one-thousandths of a Preferred Share (or, following the
              occurrence of a Triggering Event, Common Shares or other securities, cash or other assets, as the case may be) in a name other than that of the registered holder of the Rights Certificates evidencing Rights surrendered for exercise or to
              issue or deliver any certificates or depositary receipts or entries in the book entry account system of the transfer agent for a number of one one-thousandths of a Preferred Share (or, following the occurrence of a Triggering Event, Common
              Shares or other securities, cash or other assets as the case may be) in a name other than that of the registered holder upon the exercise of any Rights until such tax or charge shall have been paid (any such tax or charge being payable by the
              registered holder of such Rights Certificates at the time of surrender) or until it has been established to the Company&#8217;s or to the Rights Agent&#8217;s satisfaction that no such tax or charge is due.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 10.&#160; &#160; &#160; <u>Preferred Shares Record Date</u>.&#160; Each Person in whose name any certificate or entry in the book
            entry account system of the transfer agent for a number of one one-thousandths of a Preferred Share (or, following the occurrence of a Triggering Event, Common Shares or other securities, cash or other assets, as the case may be) is issued upon
            the exercise of Rights shall for all purposes be deemed to have become the holder of record of such fractional Preferred Shares (or, following the occurrence of a Triggering Event, Common Shares or other securities, cash, or other assets as the
            case may be) evidenced thereby on, and such certificate or entry shall be dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered and payment of the Purchase Price (and all applicable taxes and governmental
            charges) was made; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that, if the date of such surrender and payment is a date upon which the Preferred Shares (or, following the occurrence of a Triggering Event, Common
            Shares or other securities, cash or other assets, as the case may be) transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares (fractional or otherwise) on, and such certificate or
            entry shall be dated, the next succeeding Business Day on which the Preferred Shares (or, following the occurrence of a Triggering Event, Common Shares or other securities, cash, or other assets as the case may be) transfer books of the Company
            are open and, <u>provided</u>, <u>further</u>, that if delivery of the Preferred Shares is delayed pursuant to Section 9(c), when such Preferred Shares first becomes deliverable.&#160; Prior to the exercise of the Rights evidenced thereby, the
            registered holder of a Rights Certificate, as such, shall not be entitled to any rights of a stockholder of the Company with respect to shares for which the Rights shall be exercisable, including, without limitation, the right to vote, to
            receive dividends or other distributions, or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 11.&#160; &#160; &#160; <u>Adjustment of Purchase Price, Number and Kind of Shares, or Number of Rights</u>.&#160; The Purchase Price,
            the number and kind of shares, or fractions thereof, purchasable upon</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">22</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">exercise of each Right, and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)<font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>In the event the Company shall at any time after the first public announcement by the
              Company of the adoption of this Agreement (A) declare or pay a dividend on the Preferred Shares payable in Preferred Shares, (B) subdivide or split the outstanding Preferred Shares, (C) combine or consolidate the outstanding Preferred Shares
              into a smaller number of shares, or (D) issue any shares of its capital stock in a reclassification of the Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the
              continuing or surviving corporation), except as otherwise provided in this Section 11(a) and Section 7(e) hereof, the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision,
              split, combination, consolidation, or reclassification, and the number and kind of Preferred Shares or fractions thereof (or other capital stock, as the case may be), issuable on such date, shall be proportionately adjusted so that the
              registered holder of any Right exercised after such time shall be entitled to receive, upon payment of the Purchase Price then in effect, the aggregate number and kind of Preferred Shares or fractions thereof (or other capital stock, as the
              case may be), which, if such Right had been exercised immediately prior to such date (whether or not such Right was then exercisable) and at a time when the Preferred Share (or other capital stock, as the case may be) transfer books of the
              Company were open, such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, split, combination, consolidation, or reclassification. If an event occurs that would require an
              adjustment under both this Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment required pursuant to Section 11(a)(ii) hereof.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event any Person shall become an Acquiring Person (a &#8220;<font style="font-weight: bold;">Section 11(a)(ii) Event</font>&#8221;), then, promptly following the occurrence of such Section
              11(a)(ii) Event, proper provision shall be made so that, upon expiration of the Redemption Period and subject to Section 23 hereof, each registered holder of a Right (except as provided below in Section 11(a)(iii) and in Sections 7(e), 13 and
              24 hereof) shall thereafter have the right to receive, upon exercise thereof at the then current Purchase Price in accordance with the terms of this Agreement, in lieu of a number of one one-thousandths of a Preferred Share, such number of
              Common Shares of the Company as shall equal the result obtained by (A) multiplying the then current Purchase Price by the then number of one one-thousandths of a Preferred Share for which a Right was exercisable immediately prior to the first
              occurrence of a Section 11(a)(ii) Event, and (B) dividing that product (which, following such first occurrence, shall thereafter be referred to as the &#8220;<font style="font-weight: bold;">Purchase Price</font>&#8221; for each Right and for all
              purposes of this Agreement) by fifty percent (50%) of the Current Market Price per Common Share on the date of such first occurrence (such number of shares, the &#8220;<font style="font-weight: bold;">Adjustment Shares</font>&#8221;); <u>provided</u>, <u>however</u>,
              that in connection with any exercise effected pursuant to this Section 11(a)(ii), no holder of Rights shall be entitled to receive Common Shares (or other shares of capital stock of the Company) that would result in such holder, together with
              such holder&#8217;s Affiliates and Associates, becoming the Beneficial Owner of more than twelve percent (12.0%) of the then-outstanding Common Shares.&#160; If a holder would, but for the immediately preceding sentence, be entitled to receive a number
              of shares that would otherwise result in such holder, together with such holder&#8217;s Affiliates and Associates, becoming the Beneficial Owner of in excess of twelve percent (12.0%) of the then-outstanding Common Shares (such shares, the &#8220;<u>Excess

                Shares</u>&#8221;), then in lieu of receiving such Excess Shares and to the extent</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">23</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">permitted by law or orders applicable to the Company, such holder will only be entitled to receive an amount in cash or, at the election of
            the Company, a note or other evidence of indebtedness maturing within twelve (12) months with a principal amount, equal to the current per share Current Market Price of a share of Common Shares at the Close of Business on the Trading Day
            following the date of exercise multiplied by the number of Excess Shares that would otherwise have been issuable to such holder.</div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that (A) the number of Common Shares authorized by the Restated Articles of Incorporation, but not outstanding or reserved for issuance for purposes other than upon
              exercise of the Rights, is not sufficient to permit the exercise in full of the Rights in accordance with Section 11(a)(ii) hereof or (B) the Board otherwise shall determine to do so in its sole discretion, the Company, acting by resolution
              of the Board, shall (1) determine the value of the Adjustment Shares issuable upon the exercise of a Right (the &#8220;<font style="font-weight: bold;">Current Value</font>&#8221;), and (2) with respect to each Right (subject to Section 7(e) hereof),
              make adequate provision to substitute for the Adjustment Shares, upon the exercise of such Right and payment of the applicable Purchase Price, (u) cash, (v) a reduction in the Purchase Price, (w) Common Shares or other equity securities of
              the Company (including, without limitation, shares, or units of shares, of preferred stock, such as the Preferred Shares, which the Board has deemed to have essentially the same value or economic rights as Common Shares (such shares of
              preferred stock being referred to as &#8220;<font style="font-weight: bold;">Common Stock Equivalents</font>&#8221;)), (x) debt securities of the Company, (y) other assets, or (z) any combination of the foregoing, having an aggregate value equal to the
              Current Value, where such aggregate value has been determined by the Board based upon the advice of a nationally recognized investment banking firm selected by the Board; <u>provided</u>, <u>however</u>, that, if, under the circumstances
              set forth in clause (A) above, the Company shall not have made adequate provision to deliver value pursuant to clause (2) above within thirty (30) calendar days following the later of (I) the first occurrence of a Section 11(a)(ii) Event and
              (II) the date on which the Company&#8217;s right of redemption pursuant to Section 23(a) hereof expires (the later of (I) and (II) being referred to herein as the &#8220;<font style="font-weight: bold;">Section 11(a)(ii) Trigger Date</font>&#8221;), then the
              Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase Price, Common Shares (to the extent available) and then, if necessary, cash, which shares and cash have an
              aggregate value equal to the Spread.&#160; For purposes of the preceding sentence, the term &#8220;<font style="font-weight: bold;">Spread</font>&#8221; shall mean the excess of the Current Value over the Purchase Price.&#160; If the Board determines in good faith
              that it is likely that sufficient additional Common Shares could be authorized for issuance upon exercise in full of the Rights, the thirty (30) calendar day period set forth above may be extended to the extent necessary, but not more than
              ninety (90) calendar days after the Section 11(a)(ii) Trigger Date, in order that the Company may seek stockholder approval for the authorization of such additional shares (such thirty (30) calendar day period, as it may be extended, is
              herein called the &#8220;<font style="font-weight: bold;">Substitution Period</font>&#8221;). To the extent that action is to be taken pursuant to the first or third sentences of this Section 11(a)(iii), the Company shall provide, subject to Section 7(e)
              hereof, that such action shall apply uniformly to all outstanding Rights, and the Company may suspend the exercisability of the Rights until the expiration of the Substitution Period in order to seek such stockholder approval for such
              authorization of additional shares or to decide the appropriate form of distribution to be made pursuant to such first sentence and to determine the value thereof.&#160; In the event of any such suspension, the Company shall issue a public
              announcement (with prompt written notice thereof to the Rights Agent) stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement (with prompt written notice thereof to the Rights Agent) at
              such time as the suspension is no longer in effect.&#160; For purposes of</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">24</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">this Section 11(a)(iii), the value of each Adjustment Share shall be the Current Market Price per Common Share on the Section 11(a)(ii)
            Trigger Date and the per share or per unit value of any Common Stock Equivalent shall be deemed to equal the Current Market Price per Common Share on such date.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case the Company shall fix a record date for the issuance of rights, options, or warrants to all registered holders of Preferred Shares entitling them to subscribe for or purchase
              (for a period expiring within forty-five (45) calendar days after such record date) Preferred Shares (or shares having the same rights, privileges and preferences as the Preferred Shares (&#8220;<font style="font-weight: bold;">Equivalent Preferred
                Shares</font>&#8221;)) or securities convertible into Preferred Shares or Equivalent Preferred Shares at a price per Preferred Share or Equivalent Preferred Share (or having a conversion price per share, if a security convertible into Preferred
              Shares or Equivalent Preferred Shares) less than the Current Market Price per Preferred Share on such record date, the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect
              immediately prior to such record date by a fraction, the numerator of which shall be the number of Preferred Shares outstanding on such record date, plus the number of Preferred Shares that the aggregate offering price of the total number of
              Preferred Shares or Equivalent Preferred Shares so to be offered (or the aggregate initial conversion price of the convertible securities so to be offered) would purchase at such Current Market Price, and the denominator of which shall be the
              number of Preferred Shares outstanding on such record date plus the number of additional Preferred Shares or Equivalent Preferred Shares to be offered for subscription or purchase (or into which the convertible securities so to be offered are
              initially convertible).&#160; In case such subscription price may be paid by delivery of consideration, part or all of which may be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board, whose
              determination shall be described in a statement filed with the Rights Agent and shall be binding and conclusive for all purposes on the Rights Agent and the holders of the Rights.&#160; Preferred Shares owned by or held for the account of the
              Company shall not be deemed outstanding for the purpose of any such computation.&#160; Such adjustments shall be made successively whenever such a record date is fixed, and in the event that such rights, options, or warrants are not so issued, the
              Purchase Price shall be adjusted to be the Purchase Price that would then be in effect if such record date had not been fixed.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case the Company shall fix a record date for a distribution to all registered holders of Preferred Shares (including any such distribution made in connection with a consolidation or
              merger in which the Company is the continuing or surviving corporation) of cash (other than a regular cash dividend out of the earnings or retained earnings of the Company), assets (other than a dividend payable in Preferred Shares, but
              including any dividend payable in stock other than Preferred Shares) or evidences of indebtedness, or of subscription rights or warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be in effect after such
              record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the Current Market Price per Preferred Share on such record date, less the fair
              market value (as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be binding and conclusive for all purposes) of the portion of the cash, assets or evidences of
              indebtedness so to be distributed, or of such subscription rights or warrants applicable to a Preferred Share, and the denominator of which shall be such Current Market Price per Preferred Share.&#160; Such adjustments shall be made successively
              whenever such a record date is fixed, and in</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">25</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">the event that such distribution is not so made, the Purchase Price shall be adjusted to be the Purchase Price that would then be in effect if
            such record date had not been fixed.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)<font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>For the purpose of any computation hereunder, other than computations made pursuant to
              Section 11(a)(iii) hereof, the &#8220;<font style="font-weight: bold;">Current Market Price</font>&#8221; per Common Share on any date shall be deemed to be the average of the daily Closing Prices per Common Share for the thirty (30) consecutive Trading
              Days immediately prior to such date, and for purposes of computations made pursuant to Section 11(a)(iii) hereof, the &#8220;<font style="font-weight: bold;">Current Market Price</font>&#8221; per Common Share on any date shall be deemed to be the
              average of the daily Closing Prices per Common Share for the ten (10) consecutive Trading Days immediately following such date; <u>provided</u><font style="font-style: italic;">, </font><u>however</u><font style="font-style: italic;">,</font>
              that in the event that the Current Market Price per Common Share is determined during a period following the announcement by the issuer of such Common Share of (A) a dividend or distribution on such Common Shares payable in Common Shares or
              securities convertible into such Common Shares (other than the Rights), or (B) any subdivision, combination, consolidation, reverse stock split or reclassification of such Common Shares, and the ex-dividend date for such dividend or
              distribution, or the record date for such subdivision, combination, consolidation, reverse stock split or reclassification shall not have occurred prior to the commencement of the requisite thirty (30) Trading Day or ten (10) Trading Day
              period, as set forth above, then, and in each such case, the Current Market Price shall be properly adjusted to take into account ex-dividend trading.&#160; The Closing Price for each day shall be the last sale price, regular way, or, in case no
              such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on
              the Nasdaq or, if the Common Shares are not listed or admitted to trading on the Nasdaq, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on
              which the Common Shares are listed or admitted to trading or, if the Common Shares are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low
              asked prices in the over-the-counter market, as reported on a quotation system then in use, or, if on any such date the Common Shares are not so quoted, the average of the closing bid and asked prices as furnished by a professional market
              maker making a market in the Common Shares selected by the Board.&#160; If on any such date the Common Shares are not publicly held and are not so listed, admitted to trading, or quoted, and no market maker is making a market in the Common Shares,
              the &#8220;<font style="font-weight: bold;">Current Market Price</font>&#8221; per Common Share shall mean the fair value per share on such date as determined in good faith by the Board, which determination shall be described in a statement filed with
              the Rights Agent and shall be binding and conclusive for all purposes on the Rights Agent and the holders of the Rights.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">For the purpose of any computation hereunder, the &#8220;<font style="font-weight: bold;">Current Market Price</font>&#8221; per Preferred Share shall be determined in the same manner as set forth
              above for the Common Shares in Section 11(d)(i) hereof (other than the penultimate sentence thereof).&#160; If the Current Market Price per Preferred Share cannot be determined in the manner provided above or if the Preferred Shares are not
              publicly held or listed, admitted to trading, or quoted in a manner described in Section 11(d)(i) hereof, the Current Market Price per Preferred Share shall be conclusively deemed to be an amount equal to 1,000 (as such number may be
              appropriately adjusted for such events as stock splits, stock dividends and recapitalizations with respect to the Common Shares occurring after the first public announcement by the Company of the adoption of this Agreement) multiplied by the
              Current Market Price per Common Share.&#160; If neither the</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Common Shares nor the Preferred Shares are publicly held or listed, admitted to trading, or quoted, the &#8220;<font style="font-weight: bold;">Current

              Market Price</font>&#8221; per Preferred Share shall mean the fair value per share as determined in good faith by a majority of the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be binding and
            conclusive for all purposes on the Rights Agent and the holders of the Rights.&#160; For all purposes of this Agreement, the Current Market Price of one one-thousandth of a Preferred Share shall be equal to the Current Market Price of one Preferred
            Share divided by 1,000.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Anything herein to the contrary notwithstanding, no adjustment in the Purchase Price shall be required unless such adjustment would require an increase or decrease of at least one
              percent (1%) in the Purchase Price; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that any adjustments which by reason of this Section 11(e) are not required to be made shall be carried forward and taken into
              account in any subsequent adjustment.&#160; All calculations under this Section 11 shall be made to the nearest cent or to the nearest thousandth of a Common Share or other share or one-millionth of a Preferred Share, as the case may be.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">If as a result of an adjustment made pursuant to Section 11(a)(ii) or Section 13(a) hereof, the registered holder of any Right thereafter exercised shall become entitled to receive any
              shares of capital stock other than Preferred Shares, thereafter the number of such other shares so receivable upon exercise of any Right and the Purchase Price thereof shall be subject to adjustment from time to time in a manner and on terms
              as nearly equivalent as practicable to the provisions with respect to the Preferred Shares contained in Sections 11(a), (b), (c), (d), (e), (g), (h), (i), (j), (k), (l) and (m), and the provisions of Sections 7, 9, 10, 13 and 14 hereof with
              respect to the Preferred Shares shall apply on like terms to any such other shares.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the right to purchase, at the adjusted Purchase Price, the
              number of one one-thousandths of a Preferred Share (or other securities or amount of cash or combination thereof) purchasable from time to time hereunder upon exercise of the Rights, all subject to further adjustment as provided herein.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Unless the Company shall have exercised its election as provided in Section 11(i) hereof, upon each adjustment of the Purchase Price as a result of the calculations made in Section
              11(b) and Section 11(c) hereof, each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one one-thousandths of a Preferred Share
              (calculated to the nearest one-millionth) obtained by (i) multiplying (x) the number of one one-thousandths of a share covered by a Right immediately prior to this adjustment, by (y) the Purchase Price in effect immediately prior to such
              adjustment of the Purchase Price, and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights, in lieu of any adjustment in the number of one one-thousandths of a
              Preferred Share purchasable upon the exercise of a Right pursuant to Section 11(h) hereof. Each of the Rights outstanding after the adjustment in the number of Rights shall be exercisable for the number of one one-thousandths of a Preferred
              Share for which a Right was exercisable immediately prior to such adjustment.&#160; Each Right held of record prior to such</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">adjustment of the number of Rights shall become that number of Rights (calculated to the nearest one one-thousandth) obtained by dividing the
            Purchase Price in effect immediately prior to adjustment of the Purchase Price by the Purchase Price in effect immediately after adjustment of the Purchase Price.&#160; The Company shall make a public announcement, and notify the Rights Agent in
            writing, of its election to adjust the number of Rights, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment to be made.&#160; This record date may be the date on which the Purchase Price is
            adjusted or any day thereafter, but, if the Rights Certificates have been issued, shall be at least ten (10) calendar days later than the date of the public announcement.&#160; If Rights Certificates have been issued, upon each adjustment of the
            number of Rights pursuant to this Section 11(i), the Company shall, as promptly as practicable, cause to be distributed to holders of record of Rights Certificates on such record date Rights Certificates evidencing, subject to Section 14
            hereof, the additional Rights to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Rights
            Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Rights Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment.&#160; Rights
            Certificates so to be distributed shall be issued, executed and delivered by the Company, and countersigned and delivered by the Rights Agent, in the manner provided for herein (and may bear, at the option of the Company, the adjusted Purchase
            Price) and shall be registered in the names of the holders of record of Rights Certificates on the record date specified in the public announcement.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(j)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Irrespective of any adjustment or change in the Purchase Price or the number of one one-thousandths of a Preferred Share issuable upon the exercise of the Rights, the Rights
              Certificates theretofore and thereafter issued may continue to express the Purchase Price per one one-thousandth of a share and the number of one one-thousandths of a share that were expressed in the initial Rights Certificates issued
              hereunder.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(k)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Before taking any action that would cause an adjustment reducing the Purchase Price below the then par value, if any, of the number of one one-thousandths of a Preferred Share issuable
              upon exercise of the Rights, the Company shall take any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue, fully paid and nonassessable, such number of one
              one-thousandths of a Preferred Share at such adjusted Purchase Price.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(l)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In any case in which this Section 11 shall require that an adjustment in the Purchase Price be made effective as of a record date for a specified event, the Company may elect to defer
              (and shall notify the Rights Agent in writing of any such election) until the occurrence of such event the issuance to the registered holder of any Right exercised after such record date of the number of one one-thousandths of a Preferred
              Share and other capital stock or securities of the Company, if any, issuable upon such exercise over and above the number of one one-thousandths of a Preferred Share and other capital stock or securities of the Company, if any, issuable upon
              such exercise on the basis of the Purchase Price in effect prior to such adjustment; <u>provided</u>, <u>however</u>, that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such holder&#8217;s right to
              receive such additional shares (fractional or otherwise) or securities upon the occurrence of the event requiring such adjustment.</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">28</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(m)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Anything in this Section 11 to the contrary notwithstanding, prior to the Distribution Date, the Company shall be entitled to make such reductions in the Purchase Price, in addition to
              those adjustments expressly required by this Section 11, as and to the extent that the Board, in its good faith judgment, shall determine to be advisable in order that any (i) consolidation or subdivision of the Preferred Shares, (ii)
              issuance wholly for cash of any Preferred Shares at less than the Current Market Price, (iii) issuance wholly for cash of Preferred Shares or securities that by their terms are convertible into or exchangeable for Preferred Shares, (iv) stock
              dividends or (v) issuance of rights, options or warrants referred to in this Section 11, hereafter made by the Company to registered holders of its Preferred Shares shall not be taxable to such stockholders or shall reduce the taxes payable
              by such holders.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(n)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company covenants and agrees that in the event that a Section 11(a)(ii) Event occurs and the Rights shall then be outstanding, it shall not, (i) consolidate with any other Person
              (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof), (ii) merge with or into any other Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof),
              or (iii) sell or otherwise transfer (or permit any Subsidiary to sell or otherwise transfer), in one transaction, or a series of related transactions, assets, cash flow or earning power aggregating fifty percent (50%) or more of the assets,
              cash flow or earning power of the Company and its Subsidiaries (taken as a whole and calculated on the basis of the Company&#8217;s most recent regularly prepared financial statements) to any other Person or Persons (other than the Company or any
              of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), if (x) at the time of or immediately after such consolidation, merger, sale or transfer there are any charter or bylaw provisions, rights,
              warrants or other instruments or securities outstanding or agreements in effect that would substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights or (y) prior to, simultaneously with or immediately
              after such consolidation, merger, sale or transfer the stockholders of the Person who constitutes, or would constitute, the &#8220;Principal Party&#8221; for purposes of Section 13(a) hereof shall have received a distribution of Rights previously owned
              by such Person or any of its Related Persons; <u>provided</u>, <u>however</u>, that this Section 11(n) shall not affect the ability of any Subsidiary of the Company to consolidate with, merge with or into, or sell or transfer assets or
              earning power to, any other Subsidiary of the Company.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(o)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company covenants and agrees that after the Distribution Date and so long as any Rights shall then be outstanding (other than Rights that have become null and void pursuant to
              Section 7(e) hereof), it will not, except as permitted by Section 23, Section 24, or Section 28 hereof, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will
              diminish substantially or otherwise eliminate the benefits intended to be afforded by the Rights.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(p)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Anything in this Agreement to the contrary notwithstanding, in the event that the Company shall at any time after the Rights Dividend Declaration Date and prior to the Distribution Date
              (i) declare or pay a dividend on the outstanding Common Shares payable in Common Shares, (ii) subdivide or split the outstanding Common Shares, (iii) combine or consolidate the outstanding Common Shares into a smaller number of shares, or
              (iv) issue any shares of its capital stock in a reclassification of Common Shares (including any such reclassification in connection with a consolidation or merger in which the Company is a continuing or surviving corporation), the number of
              Rights associated with each Common Share then</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">outstanding, or issued or delivered thereafter but prior to the Distribution Date (or issued or delivered on or after the Distribution Date
            pursuant to Section 22 hereof), shall be proportionately adjusted so that the number of Rights thereafter associated with each Common Share following any such event shall equal the result obtained by multiplying the number of Rights associated
            with each Common Share immediately prior to such event by a fraction, the numerator of which shall be the total number of Common Shares outstanding immediately prior to the occurrence of the event and the denominator of which shall be the total
            number of Common Shares outstanding immediately following the occurrence of such event.&#160; The adjustments provided for in this Section 11(p) shall be made successively whenever such a dividend is declared or paid or such a subdivision,
            combination or reclassification is effected. If an event occurs that would require an adjustment under Section 11(a)(ii) and this Section 11(p), the adjustments provided for in this Section 11(p) shall be in addition and prior to any adjustment
            required pursuant to Section 11(a)(ii).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 12.&#160; &#160; &#160; <u>Certificate of Adjusted Purchase Price or Number of Shares</u>.&#160; Whenever an adjustment is made as
            provided in Section 11 or Section 13 hereof, the Company shall (a) promptly prepare a certificate setting forth such adjustment and a brief reasonably detailed statement of the facts, computations and methodology accounting for such adjustment,
            (b) promptly file with the Rights Agent, and with each transfer agent for the Preferred Shares and the Common Shares, a copy of such certificate and (c) if a Distribution Date has occurred, mail a brief summary thereof to each registered holder
            of a Rights Certificate in accordance with Section 27 hereof.&#160; The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment or statement therein contained and shall have no duty or liability with respect
            to, and shall not be deemed to have knowledge of, any adjustment or any such event unless and until it shall have received such a certificate.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 13.&#160; &#160; &#160; <u>Consolidation, Merger, or Sale or Transfer of Assets, Cash Flow or Earning Power</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that, at any time on or following the Shares Acquisition Date, directly or indirectly,</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">the Company shall consolidate with, or merge with and into, any other Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof), and the
              Company shall not be the continuing or surviving corporation or other entity of such consolidation or merger;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">any Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o) hereof) shall consolidate with, or merge with or into, the Company, and the Company
              shall be the continuing or surviving corporation of such consolidation or merger and, in connection with such consolidation or merger, all or part of the outstanding Common Shares shall be changed into or exchanged for stock or other
              securities of any other Person (or the Company) or cash or any other property; or</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">the Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or otherwise transfer), in one transaction or a series of related transactions, assets, cash
              flow or earning power aggregating fifty percent (50%) or more of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole and calculated on the basis</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">30</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">of the Company&#8217;s most recent regularly prepared financial statements) to any Person or Persons (other than the Company or any Subsidiary of
            the Company in one or more transactions each of which complies with Section 11(o) hereof);</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">then, and in each such case (except as may be contemplated by Section 13(d) hereof), proper provision shall be made so
            that: (A) each registered holder of a Right, except as provided in Section 7(e) hereof, shall thereafter have the right to receive, upon the exercise thereof at the then current Purchase Price multiplied by the number of one one-thousandths of
            a share of Preferred Shares for which a Right is then exercisable in accordance with the terms of this Agreement, such number of validly authorized and issued, fully paid, nonassessable and freely tradeable Common Shares of the Principal Party,
            not subject to any liens, encumbrances, rights of first refusal, transfer restrictions, preemptive rights or other adverse claims of any nature whatsoever, as shall be equal to the result obtained by (1) multiplying the number of one
            one-thousandths of a Preferred Share for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event by the Purchase Price in effect immediately prior to such first occurrence of a Section 11(a)(ii)
            Event, and (2) dividing that product (which, following the first occurrence of a Section 13 Event, shall be referred to as the &#8220;<font style="font-weight: bold;">Purchase Price</font>&#8221; for each Right and for all purposes of this Agreement) by
            fifty percent (50%) of the Current Market Price per Common Share of such Principal Party on the date of consummation of such Section 13 Event; (B) such Principal Party shall thereafter be liable for, and shall assume, by virtue of such Section
            13 Event, all the obligations and duties of the Company pursuant to this Agreement; (C) the term &#8220;<font style="font-weight: bold;">Company</font>&#8221; shall thereafter be deemed to refer to such Principal Party, it being specifically intended that
            the provisions of Section 11 hereof shall apply only to such Principal Party following the first occurrence of a Section 13 Event; (D) such Principal Party shall take such steps (including, without limitation, the reservation of a sufficient
            number of Common Shares) in connection with the consummation of any such transaction as may be necessary to assure that the provisions hereof shall thereafter be applicable, as nearly as reasonably may be, in relation to its Common Shares
            thereafter deliverable upon the exercise of the Rights; <u>provided</u>, <u>however</u>, that upon the subsequent occurrence of any merger, consolidation, sale of all or substantially all assets, recapitalization, reclassification of shares,
            reorganization or other extraordinary transaction in respect of such Principal Party, each holder of a Right shall thereupon be entitled to receive, upon exercise of a Right and payment of the Purchase Price, such cash, shares, rights, options
            warrants and other property which such holder would have been entitled to receive had he, she or it at the time of such transaction, owned the Common Shares of the Principal Party purchasable upon the exercise of a Right, and such Principal
            Party shall take such steps (including, without limitation, reservation of shares of stock) as may be necessary to permit the subsequent exercise of the Rights in accordance with the terms hereof for such cash, shares, rights, warrants, options
            and other property; and (E) the provisions of Section 11(a)(ii) hereof shall be of no effect with respect to events occurring at any time following the first occurrence of any Section 13 Event, and the Rights that have not theretofore been
            exercised shall thereafter become exercisable in the manner described in this Section 13.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Principal Party</font>&#8221; shall mean:</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of any transaction described in Section 13(a)(i) or Section 13(a)(ii) hereof, the Person (including the Company as successor thereto or as the surviving entity) that is the
              issuer of any securities into which Common Shares of the Company are converted,</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">changed, or exchanged in such merger or consolidation or, if there is more than one such issuer, the issuer of Common Shares of such issuer
            that has the highest aggregate current market price (determined pursuant to Section 11(d) hereof) and if no securities or other equity interests are so issued, the Person (including the Company as successor thereto or as the surviving entity)
            that is the other party to such merger or consolidation, or, if there is more than one such Person, the Person that is a constituent party to such merger or consolidation, the Common Shares of such Person of which has the highest aggregate
            current market price (determined pursuant to Section 11(d) hereof); and</div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">in the case of any transaction described in Section 13(a)(iii) hereof, the Person that is the party receiving the greatest portion of the assets, cash flow or earning power transferred
              pursuant to such transaction or transactions, or if each Person that is a party to such transaction or transactions receives the same portion of the assets, cash flow or earning power transferred pursuant to such transaction or transactions,
              or if the Person receiving the largest portion of the assets, cash flow or earning power cannot be determined, whichever of such Persons is the issuer of Common Shares having the greatest aggregate value of shares outstanding (as determined
              pursuant to Section 11(d) hereof); <u>provided</u>, <u>however</u>, that in any such case, (A) if the Common Shares of such Person (who, but for this proviso, would be the Principal Party) are not at such time and have not been continuously
              over the preceding twelve (12) month period registered under Section 12 of the Exchange Act, and such Person is a direct or indirect Subsidiary of another Person the Common Shares of which are and have been so registered, &#8220;Principal Party&#8221;
              shall refer to such other Person; and (B) in case such Person is a Subsidiary, directly or indirectly, of more than one Person, the Common Shares of two or more of which are and have been so registered, &#8220;Principal Party&#8221; shall refer to
              whichever of such Persons is the issuer of the Common Shares having the greatest aggregate market value.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company shall not consummate a Section 13 Event unless the Principal Party shall have a sufficient number of authorized Common Shares that have not been issued or reserved or that
              are held in treasury for issuance to permit the exercise in full of the Rights in accordance with this Section 13 and unless prior thereto the Company and such Principal Party shall have executed and delivered to the Rights Agent a
              supplemental agreement confirming that the requirements of Section 13(a) and Section 13(b) hereof shall promptly be performed in accordance with their terms and further providing that, as soon as practicable after the date of any such Section
              13 Event, the Principal Party, as soon as practicable after the execution of such agreement, will:</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">prepare and file a registration statement under the Securities Act, with respect to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form, and
              will use its best efforts to cause such registration statement to (A) become effective as soon as practicable after such filing and (B) remain effective (with a prospectus at all times meeting the requirements of the Securities Act) until the
              Expiration Date;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">take all such other action as may be necessary to enable the Principal Party to issue the securities purchasable upon exercise of the Rights, including, without limitation, the
              registration or qualification of such securities under all requisite securities laws of jurisdictions of the various states and the listing of such securities on such exchanges and trading markets as may be necessary or appropriate; and</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">32</font></div>
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          </div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">deliver to registered holders of the Rights historical financial statements for the Principal Party and each of its Affiliates that comply in all respects with the requirements for
              registration on Form 10 (or any successor form) under the Exchange Act.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The provisions of this Section 13 shall similarly apply to successive mergers or consolidations or sales or other transfers.&#160; In the event that a Section 13 Event shall occur at any
              time after the occurrence of a Section 11(a)(ii) Event, the Rights that have not theretofore been exercised shall thereafter become exercisable in the manner described in Section 13(a) hereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case the Principal Party that is to be a party to a transaction referred to in this Section 13 has at the time of such transaction, or immediately following such transaction will
              have, a provision in any of its authorized securities or in its articles of incorporation or bylaws or other instrument governing its affairs, or any other agreements or arrangements, which provision would have the effect of (i) causing such
              Principal Party to issue, in connection with, or as a consequence of, the consummation of a transaction referred to in this Section 13, of Common Shares of such Principal Party at less than such then current market price (other than to
              holders of Rights pursuant to this Section 13); (ii) providing for any special payment, tax, or similar provisions in connection with the issuance of the Common Shares of such Principal Party pursuant to the provisions of Section 13; or (iii)
              otherwise eliminating or substantially diminishing the benefits intended to be afforded by the Rights in connection with, or as a consequence of, the consummation of a transaction referred to in this Section 13; then, in such event, the
              Company shall not consummate any such transaction unless prior thereto the Company and such Principal Party shall have executed and delivered to the Rights Agent a supplemental agreement providing that the provision in question of such
              Principal Party shall have been cancelled, waived, or amended, or that the authorized securities shall be redeemed, so that the applicable provision will have no effect in connection with, or as a consequence of, the consummation of the
              proposed transaction.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 14.&#160; &#160; &#160; <u>Fractional Rights and Fractional Shares</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company shall not be required to issue fractions of Rights, except prior to the Distribution Date as provided in Section 11(p) hereof, or to distribute Rights Certificates that
              evidence fractional Rights.&#160; In lieu of such fractional Rights, the Company shall pay to the registered holders of the Rights Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the
              same fraction of the current market price of a whole Right.&#160; For purposes of this Section 14(a), the current market price of a whole Right shall be the Closing Price of the Rights for the Trading Day immediately prior to the date on which
              such fractional Rights would have been otherwise issuable. The Closing Price of the Rights for any Trading Day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and
              asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the Nasdaq or, if the Rights are not listed or admitted to trading on
              the Nasdaq, as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the principal national securities exchange on which the Rights are listed or admitted to trading,
              or if the Rights are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by a
              quotation system then in use or, if on any</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">such date the Rights are not so quoted, the average of the closing bid and asked prices as furnished by a professional market maker making a
            market in the Rights, selected by the Board.&#160; If on any such date the Rights are not publicly held and are not so listed, admitted to trading, or quoted, and no market maker is making a market in the Rights, the current market value of a Right
            shall mean the fair value of a Right on such date as determined in good faith by the Board, which determination shall be described in a statement filed with the Rights Agent and delivered to the holders of the Rights and shall be binding and
            conclusive for all purposes.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company shall not be required to issue fractions of Preferred Shares (other than fractions that are integral multiples of one one-thousandth of a Preferred Share) upon exercise of
              the Rights or to distribute certificates or make any entries in the book entry account system of the transfer agent that evidence fractional Preferred Shares (other than fractions that are integral multiples of one one-thousandth of a
              Preferred Share).&#160; In lieu of fractional Preferred Shares that are not integral multiples of one one-thousandth of a Preferred Share, the Company may pay to the registered holders of Rights Certificates at the time such Rights are exercised
              as herein provided an amount in cash equal to the same fraction of the current market price of one one-thousandth of a Preferred Share.&#160; For purposes of this Section 14(b), the current market price of one one-thousandth of a Preferred Share
              shall be one one-thousandth of the Closing Price of a Preferred Share or, if unavailable, the appropriate alternative price (in each case, as determined pursuant to Section 11(d)(ii) hereof) for the Trading Day immediately prior to the date
              of such exercise.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Following the occurrence of a Triggering Event, the Company shall not be required to issue fractions of Common Shares upon exercise of the Rights or to distribute certificates or make
              Book Entry Common Share notations that evidence fractional Common Shares.&#160; In lieu of fractional Common Shares, the Company may pay to the registered holders of Rights Certificates at the time such Rights are exercised as herein provided an
              amount in cash equal to the same fraction of the current market value of one Common Share.&#160; For purposes of this Section 14(c), the current market value of one Common Share shall be the Closing Price of one Common Share or, if unavailable,
              the appropriate alternative price (in each case, as determined pursuant to Section 11(d)(i) hereof) on the Trading Day immediately prior to the date of such exercise.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The registered holder of a Right by the acceptance of that Right expressly waives such holder&#8217;s right to receive any fractional Rights or any fractional shares upon exercise of a Right,
              except as permitted by this Section 14.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Whenever a payment for fractional Rights or fractional shares is to be made by the Rights Agent under this Agreement, the Company shall (i) promptly prepare and deliver to the Rights
              Agent a certificate setting forth in reasonable detail the facts related to such payments and the prices and formulas utilized in calculating such payments; and (ii) provide sufficient funds to the Rights Agent in the form of fully collected
              funds to make such payments.&#160; The Rights Agent shall be fully protected in relying upon such a certificate and has no duty with respect to, and will not be deemed to have knowledge of, any payment for fractional Rights or fractional shares
              under any Section of this Agreement relating to the payment of fractional Rights or fractional shares unless and until the Rights Agent has received such a certificate and sufficient monies.</font></div>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">34</font></div>
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          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 15.&#160; &#160; &#160; <u>Rights of Action</u>.&#160; All rights of action in respect of this Agreement, excepting the rights of
            action given to the Rights Agent hereunder, are vested in the respective registered holders of the Rights Certificates (and, prior to the Distribution Date, of the Common Shares and Prefunded Warrants); and any registered holder of any Rights
            Certificate (and, prior to the Distribution Date, of the Common Shares and Prefunded Warrants), without the consent of the Rights Agent or of the registered holder of any other Rights Certificate (or, prior to the Distribution Date, of the
            Common Shares), may, on such holder&#8217;s own behalf and for such holder&#8217;s own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, such holder&#8217;s right to
            exercise the Rights evidenced by such Rights Certificate in the manner provided in such Rights Certificate and in this Agreement. Without limiting the foregoing or any remedies available to the registered holders of Rights, it is specifically
            acknowledged that the registered holders of Rights would not have an adequate remedy at law for any breach of this Agreement and, accordingly, shall be entitled to specific performance of the obligations under, and injunctive relief against
            actual or threatened violations of the obligations of any Person subject to, this Agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 16.&#160; &#160; &#160; <u>Agreement of Rights Holders</u>.&#160; Every registered holder of a Right, by accepting the same, consents
            and agrees with the Company and the Rights Agent and with every other registered holder of a Right that:</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">prior to the Distribution Date, the Rights shall be evidenced by Book Entry Common Shares or Prefunded Warrants (which Book Entry Common Shares or Prefunded Warrants shall also be
              deemed to represent certificates for Rights) or, in the case of certificated Common Shares or Prefunded Warrants, the certificates for the Common Shares or Prefunded Warrants registered in the names of the holders of the Common Shares or
              Prefunded Warrants, as applicable, (which certificates for Common Shares or Prefunded Warrants also constitute certificates for Rights) and each Right will be transferable only in connection with the transfer of Common Shares or Prefunded
              Warrants, as applicable;</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">after the Distribution Date, the Rights Certificates are transferable only on the registry books of the Rights Agent if surrendered at the office or offices of the Rights Agent
              designated for such purposes, duly endorsed or accompanied by a proper instrument of transfer and with the appropriate forms and certificates contained therein properly completed and duly executed;</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">subject to Section 6(a) and Section 7(f) hereof, the Company and the Rights Agent may deem and treat the Person in whose name a Rights Certificate (or, prior to the Distribution Date, a
              certificate for Common Shares or Prefunded Warrants or Book Entry Common Share or Prefunded Warrants) is registered as the absolute owner thereof and of the Rights evidenced thereby (notwithstanding any notations of ownership or writing on
              the Rights Certificates or the certificate for Common Shares or Prefunded Warrants or Ownership Statement or other notices provided to holders of Book Entry Common Shares or Prefunded Warrants made by anyone other than the Company or the
              Rights Agent) for all purposes whatsoever, and neither the Company nor the Rights Agent, subject to the last sentence of Section 7(e) hereof, shall be required to be affected by any notice to the contrary; and</font></div>
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          </div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">notwithstanding anything in this Agreement to the contrary, neither the Company nor the Rights Agent shall have any liability to any holder of a Right or a beneficial interest in a
              Right or other Person as a result of its inability to perform any of its obligations under this Agreement by reason of any preliminary or permanent injunction or other order, decree, judgment or ruling (whether interlocutory or final) issued
              by a court of competent jurisdiction or by a governmental, regulatory or administrative agency or commission, or any statute, rule, regulation or executive order promulgated or enacted by any governmental authority, prohibiting or otherwise
              restraining performance of such obligation; <u>provided</u>, <u>however</u>, that the Company must use its best efforts to have any such injunction, order, decree, judgment or ruling lifted or otherwise overturned as soon as possible.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 17.&#160; &#160; &#160; <u>Rights Certificate Holder Not Deemed a Stockholder</u>.&#160; No registered holder, as such, of any Rights
            Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the registered holder of the number of one one-thousandths of a Preferred Share or any other securities of the Company that may at any time be issuable on the
            exercise of the Rights evidenced thereby, nor shall anything contained herein or in any Rights Certificate be construed to confer upon the registered holder of any Rights Certificate, as such, any of the rights of a stockholder of the Company
            or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting
            stockholders (except as provided in Section 26 hereof), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by such Rights Certificate shall have been exercised in accordance with the provisions
            hereof.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 18.&#160; &#160; &#160; <u>Concerning the Rights Agent</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company agrees to pay to the Rights Agent reasonable compensation for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, reimbursement for
              its reasonable expenses and counsel fees and disbursements and other disbursements incurred in the preparation, delivery, negotiation, amendment, administration and execution of this Agreement and the exercise and performance of its duties
              hereunder.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company also agrees to indemnify the Rights Agent and its Affiliates and their respective employees, officers, and directors for, and to hold them harmless against, any loss,
              liability, damage, judgment, fine, penalty, claim, demand, settlement, cost, or expense that may be paid, incurred or suffered by it, or which it may become subject, without gross negligence, bad faith or willful misconduct (each as
              determined by a final non-appealable judgment of a court of competent jurisdiction) on the part of the Rights Agent, for any action taken, suffered or omitted by the Rights Agent in connection with the execution, acceptance, administration,
              exercise and performance of its duties under this Agreement, including reasonable attorneys&#8217; fees and expenses and the costs and expenses of defending against any claim of liability in the premises. The costs and expenses incurred in
              enforcing this right of indemnification shall be paid by the Company. Notwithstanding anything in this Agreement to the contrary, in no event shall the Rights Agent be liable for special, punitive, indirect, consequential or incidental loss
              or damage of any kind whatsoever even if the Rights Agent has been advised of the likelihood of such loss or damage. Any liability of the Rights Agent under this Agreement (other than by reason of the Rights Agent&#8217;s gross negligence, bad
              faith or willful misconduct, as is determined by a final non-appealable</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">judgment of a court of competent jurisdiction) will be limited to the amount of fees paid by the Company to the Rights Agent.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent may conclusively rely upon and shall be protected and shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in
              connection with its acceptance and administration of this Agreement or the exercise or performance of its duties hereunder in reliance upon any Rights Certificate or certificate for Common Shares, Prefunded Warrants, Preferred Shares or for
              other securities of the Company (including in the case of uncertificated securities, by notation in book entry accounts reflecting ownership), instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, notice,
              direction, consent, certificate, statement, or other paper or document believed by it to be genuine and to have been signed, executed and, where expressly required hereunder, guaranteed, verified or acknowledged, by the proper Person or
              Persons, or otherwise upon the advice of counsel as set forth herein. The Rights Agent shall not be deemed to have knowledge of any event of which it was supposed to receive notice thereof hereunder, and the Rights Agent shall be fully
              protected and shall incur no liability for failing to take any action in connection therewith, unless and until it has received such notice.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The provisions of this Section 18, Section 20 and Section 30 hereof shall survive the termination or expiration of this Agreement, the exercise or expiration of the Rights and the
              resignation, replacement or removal of the Rights Agent.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 19.&#160; &#160; &#160; <u>Merger or Consolidation or Change of Name of the Rights Agent</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Any Person into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to
              which the Rights Agent or any successor Rights Agent shall be a party, or any Person succeeding to the corporate trust, stock transfer or other stockholder services business of the Rights Agent or any successor Rights Agent, shall be the
              successor to the Rights Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; but only if such Person would be eligible for appointment as a successor Rights Agent
              under the provisions of Section 21 hereof. The purchase of all or substantially all of the Rights Agent&#8217;s assets employed in the performance of transfer agent activities shall be deemed a merger or consolidation for purposes of this Section
              19. In case at the time such successor Rights Agent shall succeed to the agency created by this Agreement, any of the Rights Certificates shall have been countersigned but not delivered, any such successor Rights Agent may adopt the
              countersignature of an authorized signatory of a predecessor Rights Agent and deliver such Rights Certificates so countersigned; and in case at that time any of the Rights Certificates shall not have been countersigned, an authorized
              signatory of any successor Rights Agent may countersign such Rights Certificates either in the name of the predecessor or in the name of the successor Rights Agent; and in all such cases such Rights Certificates shall have the full force
              provided in the Rights Certificates and in this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case at any time the name of the Rights Agent shall be changed and at such time any of the Rights Certificates shall have been countersigned but not delivered, the Rights Agent may
              adopt the countersignature of an authorized signatory under the Rights Agent&#8217;s prior name and deliver Rights Certificates so countersigned; and in case at that time any of the Rights</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Certificates shall not have been countersigned, an authorized signatory of the Rights Agent may countersign such Rights Certificates either in
            the prior name of the Rights Agent or in the changed name of the Rights Agent; and in all such cases such Rights Certificates shall have the full force provided in the Rights Certificates and in this Agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 20.&#160; &#160; &#160; <u>Duties of the Rights Agent</u>.&#160; The Rights Agent undertakes to perform only the duties and
            obligations expressly imposed by this Agreement (and no implied duties or obligations) upon the following terms and conditions, by all of which the Company and the registered holders of Rights Certificates, by their acceptance thereof, shall be
            bound:</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent may consult with legal counsel (who may be legal counsel for the Company or an employee or legal counsel of the Rights Agent), and the advice or opinion of such counsel
              shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in accordance with such advice or opinion.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or desirable that any fact or matter (including, without limitation, the identity
              of any Acquiring Person or Affiliate or Associate thereof, and the determination of Current Market Price) be proved or established by the Company prior to the Rights Agent taking, suffering or omitting to take any action hereunder, such fact
              or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by a person believed by the Rights Agent to be any one of the Chief
              Executive Officer (including a Person acting in such capacity on an interim basis), the President, the Chief Financial Officer, any Executive Vice President, any Senior Vice President, the General Counsel, or the Corporate Secretary of the
              Company and delivered to the Rights Agent; and such certificate shall be full and complete authorization and protection to the Rights Agent, and the Rights Agent shall incur no liability, for or in respect of any action taken or suffered or
              omitted to be taken by it under the provisions of this Agreement in reliance upon such certificate.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent shall be liable hereunder only for its own gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined
              by a final, non-appealable judgment of a court of competent jurisdiction).</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent shall not be assumed to have knowledge of and shall not be required to take note of or act upon any fact or circumstance including the occurrence of facts or
              circumstances leading to the Shares Acquisition Date or the Distribution Date, facts or circumstances relating to whether any Person may be an Affiliate or an Associate of any other Person, facts or circumstances relevant to an adjustment to
              the Purchase Price, facts or circumstances relevant to events described in Section 13, Section 23 and Section 24, which may be relevant to performance by the Rights Agent under this Agreement unless the Company has provided written notice
              thereof to the Rights Agent; and the Company agrees that it will (i) promptly notify the Rights Agent in writing of the occurrence of the Shares Acquisition Date (including the identity of the Acquiring Person and the date on which the Shares
              Acquisition Date occurred), the Distribution Date, the Redemption Date, and of any events described in Section 13,</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">38</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">and (ii) promptly provide the Rights Agent with such other information as the Rights Agent may reasonably request in connection with the
            performance of its duties under this Agreement.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything in this Agreement to the contrary, any liability of the Rights Agent under this Agreement will be limited to the amount of annual fees paid by the Company to
              the Rights Agent during the twelve (12) months immediately preceding the event for which recovery from the Rights Agent is being sought. Anything to the contrary notwithstanding, in no event will the Rights Agent be liable for special,
              punitive, indirect, incidental or consequential damage or loss of any kind whatsoever (including but not limited to lost profits), even if the Rights Agent has been advised of the likelihood of such loss or damage and regardless of the form
              of action.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Rights Certificates and it shall not be required
              to verify the same (except as to a countersignature by one of its authorized signatories on such Rights Certificates), but all such statements and recitals are and shall be deemed to have been made by the Company only.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent shall not have any liability for or be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except the due
              execution and delivery hereof by the Rights Agent) or in respect of the validity or execution of any Rights Certificate (except a countersignature by one of its authorized signatories on any such Rights Certificate); nor shall it be
              responsible for any breach by the Company of any covenant or failure by the Company to satisfy any condition contained in this Agreement or in any Rights Certificate; nor shall it be responsible for any change in the exercisability of the
              Rights (including the Rights becoming null and void pursuant to Section 7(e) hereof) or any adjustment required under the provisions of Section 11, Section 13, Section 23 or Section 24 hereof or responsible for the manner, method or amount of
              any such change or adjustment or the ascertaining of the existence of facts that would require any such change or adjustment (except with respect to the exercise of Rights evidenced by Rights Certificates after receipt by the Rights Agent of
              a certificate describing any such adjustment, delivered pursuant to Section 12); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any Common Shares or Preferred
              Shares or any other securities to be issued pursuant to this Agreement or any Rights Certificate or as to whether any Common Shares or Preferred Shares will, when so issued, be validly authorized and issued, fully paid and nonassessable.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company agrees that it will perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments,
              and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from the Chairman of the Board, the Chief Executive
              Officer, the President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer of the Company, and to apply to such officers for advice or instructions in connection with its duties, and such
              instructions shall be full authorization and protection to the Rights Agent and the Rights Agent shall not be liable for any action taken,</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">39</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">suffered, or omitted to be taken by it in accordance with instructions of any such officer or for any delay in acting while waiting for those
            instructions.&#160; The Rights Agent shall be fully authorized and protected in relying upon the most recent instructions received by any such officer. Notwithstanding anything in this Agreement to the contrary, the Rights Agent shall not be
            required to take any instruction of the Company that the Rights Agent believes, in its sole discretion, would cause the Rights Agent to take action that is illegal.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(j)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent and any stockholder, Affiliate, director, officer or employee of the Rights Agent may buy, sell, or deal in any of the Rights or other securities of the Company or
              become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not the Rights Agent under this Agreement.&#160; Nothing
              herein shall preclude the Rights Agent or any such stockholder, Affiliate, director, officer or employee from acting in any other capacity for the Company or for any other Person.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(k)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself (through its directors, officers, and employees) or
              by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company or any other Person resulting from
              any such act, default, neglect, or misconduct, absent gross negligence, bad faith, or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment of a court of competent
              jurisdiction) of the Rights Agent in the selection and continued employment thereof.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(l)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties
              hereunder (other than internal costs incurred by the Rights Agent in providing services to the Company in the ordinary course of its business as Rights Agent) or in the exercise of any of its rights or powers if there shall be reasonable
              grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(m)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise or transfer, the certificate contained in the form of assignment or form of election to purchase,
              as the case may be, has either not been properly completed or duly executed or indicates an affirmative response to clause 1 or 2 thereof, the Rights Agent shall not take any further action with respect to such requested exercise or transfer
              without first consulting with the Company.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(n)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent shall have no responsibility to the Company, any holders of Rights or any holders of Common Shares for interest or earnings on any monies held by the Rights Agent
              pursuant to this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(o)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Rights Agent shall not be required to take notice or be deemed to have notice of any event or condition hereunder, including any event or condition that may require action by the
              Rights Agent, unless the Rights Agent shall be specifically notified in writing of such event or condition by the Company, and all notices or other instruments required by this Agreement to be delivered to the Rights Agent must, in order to
              be effective, be received by the Rights Agent</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">as specified in Section 27 hereof, and in the absence of such notice so delivered, the Rights Agent may conclusively assume no such event or
            condition exists.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 21.&#160; &#160; &#160; <u>Change of the Rights Agent</u>.&#160; The Rights Agent or any successor Rights Agent may resign and be
            discharged from its duties under this Agreement upon thirty (30) calendar days&#8217; prior written notice given to the Company (or such lesser notice as is acceptable to the Company in its sole discretion) in accordance with Section 27 hereof, and
            to the extent that the Rights Agent or one of its Affiliates is not also the transfer agent for the Company, to each transfer agent of the Common Shares and Preferred Shares by registered or certified mail.&#160; In the event the transfer agency
            relationship in effect between the Company and the Rights Agent terminates, the Rights Agent will be deemed to have resigned automatically and be discharged from its duties under this Agreement as of the effective date of such termination, and
            the Company shall be responsible for sending any required notice.&#160; The Company may remove the Rights Agent or any successor Rights Agent upon thirty (30) calendar days&#8217; notice given to the Rights Agent or successor Rights Agent, as the case may
            be, in accordance with Section 27 hereof, and to each transfer agent of the Common Shares and Preferred Shares by registered or certified mail, and, if such removal occurs after the Distribution Date, to the registered holders of the Rights
            Certificates in accordance with Section 27 of this Agreement.&#160; If the Rights Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Rights Agent.&#160; If the Company shall fail
            to make such appointment within a period of thirty (30) calendar days after giving proper notice of such removal or after it has been properly notified of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the
            registered holder of a Rights Certificate (who shall, with such notice, submit such holder&#8217;s Rights Certificate for inspection by the Company), then any registered holder of any Rights Certificate may apply to any court of competent
            jurisdiction for the appointment of a new Rights Agent.&#160; Any successor Rights Agent, whether appointed by the Company or by such a court, shall be (a) a legal business entity organized and doing business under the laws of the United States or
            of any State thereof, in good standing, which is authorized under such laws to exercise stockholder service powers and which has, along with its Affiliates, at the time of its appointment as Rights Agent a combined capital and surplus of at
            least $50,000,000.00 or (b) an Affiliate of a legal business entity described in clause (a) of this sentence.&#160; After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties, and responsibilities as if it had
            been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further
            assurance, conveyance, act or deed necessary for that purpose, but such predecessor Rights Agent shall not be required to make any additional expenditure or assume any additional liability in connection with the foregoing; and, except as the
            context herein otherwise requires, such successor Rights Agent shall be deemed to be the &#8220;Rights Agent&#8221; for all purposes of this Agreement.&#160; Not later than the effective date of any such appointment, the Company shall file notice thereof in
            writing with the predecessor Rights Agent and each transfer agent of the Common Shares and the Preferred Shares, and, if such appointment occurs after the Distribution Date, the Company shall give notice thereof to the registered holders of the
            Rights Certificates in accordance with Section 27 hereof.&#160; Failure to give any notice provided for in this Section 21, however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent
            or the appointment of the successor Rights Agent, as the case may be.</div>
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          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 22.&#160; &#160; &#160; <u>Issuance of New Rights Certificates</u>.&#160; Notwithstanding any of the provisions of this Agreement or
            of the Rights to the contrary, the Company may, at its option, issue new Rights Certificates evidencing Rights in such form as may be approved by the Board to reflect any adjustment or change in the Purchase Price and the number or kind or
            class of shares or other securities or property purchasable under the Rights Certificates made in accordance with the provisions of this Agreement.&#160; In addition, in connection with the issuance or sale of Common Shares following the
            Distribution Date and prior to the earlier of the redemption of the Rights, the exchange of the Rights, and the Final Expiration Date, the Company (a) shall, with respect to Common Shares so issued or sold under any employee benefit plan or
            arrangement, granted or awarded as of the Distribution Date, or upon the exercise, conversion, or exchange of securities hereinafter issued by the Company, and (b) may, in any other case, if deemed necessary or appropriate by the Board, issue
            Rights Certificates evidencing the appropriate number of Rights in connection with such issuance or sale; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that (i) no such Rights Certificate shall be issued if, and to
            the extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Rights Certificate would be issued, and (ii) no such
            Rights Certificate shall be issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 23.&#160; &#160; &#160; <u>Redemption and Termination; Exemption of a Qualifying Offer</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Board may, at its option, at any time prior to the earlier of (i) the Close of Business on the tenth (10th) Business Day following the Shares Acquisition Date (or, if the tenth
              (10th) Business Day following the Shares Acquisition Date occurs before the Record Date, the Close of Business on the Record Date) and (ii) the Final Expiration Date (the &#8220;<font style="font-weight: bold;">Redemption Period</font>&#8221;), direct
              the Company to, and if directed the Company shall, redeem all but not less than all of the then outstanding Rights at a redemption price of $0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock
              dividend, or similar transaction occurring after the first public announcement by the Company of the adoption of this Agreement (such redemption price, as adjusted, being hereinafter referred to as the &#8220;<font style="font-weight: bold;">Redemption

                Price</font>&#8221;). Notwithstanding anything contained in this Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of a Section 11(a)(ii) Event until the expiration of the Redemption Period. The Company
              may, at its option, pay the Redemption Price in cash, Common Shares (based on the Current Market Price of the Common Shares at the time of redemption) or any other form of consideration determined by the Board, in the exercise of its sole
              discretion, to be at least equal to the Redemption Price.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Immediately upon the time of the effectiveness of the redemption of the Rights pursuant to paragraph (a) of this Section 23 or such earlier time as may be determined by the Board in the
              action ordering such redemption (although not earlier than the time of such action), evidence of which shall be filed with the Rights Agent, and without any further action and without any notice, the right to exercise the Rights shall
              terminate, whether or not previously exercised, and each Right, whether or not previously exercised, will thereafter represent only the right to receive the Redemption Price for each Right so held. Promptly after the action of the Board
              directing the Company to make the redemption of the Rights, the Company shall give notice of such redemption to the Rights Agent and the registered holders of the then outstanding Rights in accordance with Section 27 hereof.&#160; Any notice given
              in accordance with Section 27 hereof shall</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">be deemed given whether or not the holder receives the notice. Each such notice of redemption will state the method by which the payment of
            the Redemption Price will be made.&#160; Notwithstanding anything in this Section 23 to the contrary, the redemption of the Rights as directed by the Board may be made effective at such time, on such basis and subject to such conditions as the
            Board, in its sole discretion, may establish.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Exempting a Qualifying Offer from this Agreement</u>.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event the Company receives a Qualifying Offer and the Board has not redeemed the outstanding Rights or exempted such offer from the terms of this Agreement or called a special
              meeting of stockholders by the end of the ninetieth (90th) Business Day following the commencement of such Qualifying Offer within the meaning of Rule 14d-2(a) under the Exchange Act, for the purpose of voting on whether to exempt such
              Qualifying Offer from the terms of this Agreement (the &#8220;<font style="font-weight: bold;">Board Evaluation Period</font>&#8221;), provided that such Qualifying Offer has not been terminated and continues to be a Qualifying Offer, holders of record
              (or their duly authorized proxy) of at least ten percent (10.0%) of the Common Shares then outstanding (excluding Common Shares Beneficially Owned by the offeror and the offeror&#8217;s Affiliates and Associates) may submit to the Board, not
              earlier than ninety (90) Business Days nor later than one hundred twenty (120) Business Days following the commencement of such Qualifying Offer within the meaning of Rule 14d-2(a) under the Exchange Act, a written demand complying with the
              terms of this Section 23(c) (the &#8220;<font style="font-weight: bold;">Special Meeting Demand</font>&#8221;) directing the Board to submit to a vote of stockholders at a special meeting of the stockholders of the Company (a &#8220;<font style="font-weight: bold;">Special Meeting</font>&#8221;) a resolution authorizing the exemption of such Qualifying Offer from the provisions of this Agreement (the &#8220;<font style="font-weight: bold;">Qualifying Offer Resolution</font>&#8221;).</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">A Special Meeting Demand shall be delivered to the Secretary of the Company at the principal executive offices of the Company and must set forth as to the stockholders of record
              executing the request (x) the names and addresses of such stockholders, as they appear on the Company&#8217;s books and records, (y) the number of Common Shares which are owned of record by each of such stockholders, and (z) in the case of the
              Common Shares that are Beneficially Owned by another Person, an executed certification by the holder of record that such holder has executed such Special Meeting Demand only after obtaining instructions to do so from such Beneficial Owner and
              attaching evidence thereof. For purposes of a Special Meeting Demand, the record date for determining holders of record eligible to make a Special Meeting Demand shall be the ninetieth (90th) Business Day following commencement, within the
              meaning of Rule 14d-2(a) under the Exchange Act, of a Qualifying Offer.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;In the event that the Board receives a Special Meeting Demand complying with the provisions of this Section 23(c), the Board shall take such actions as are necessary or desirable to
              cause the Qualifying Offer Resolution to be submitted to a vote of stockholders at a Special Meeting by including a proposal relating to the adoption of the Qualifying Offer Resolution in the proxy materials of the Company for the Special
              Meeting. Such Special Meeting shall be convened within ninety (90) Business Days following the Special Meeting Demand (the &#8220;<font style="font-weight: bold;">Special Meeting Period</font>&#8221;); <u>provided</u>, that such stockholder vote may be
              held at an annual meeting of the stockholders if such annual meeting is to be convened during the Special Meeting Period; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that if the Company at any time during the
              Special Meeting Period and prior to a vote on the Qualifying Offer Resolution enters into a Definitive Acquisition</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Agreement conditioned on the approval by holders of a majority of the outstanding Common Shares, the Special Meeting Period may be extended by
            the Board (and any special meeting called in connection therewith may be cancelled) if the Qualifying Offer Resolution will be separately submitted to a vote at the same meeting as the Definitive Acquisition Agreement.</div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Board shall set a date for determining the stockholders of record entitled to notice of and to vote at the Special Meeting in accordance with the Company&#8217;s Restated Articles of
              Incorporation, Bylaws and applicable law.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the requirements of applicable law, the Board may take a position in favor of or opposed to the adoption of the Qualifying Offer Resolution, or no position with respect to
              the Qualifying Offer Resolution, as it determines to be appropriate in the exercise of its duties. Notwithstanding anything to the contrary contained in this Agreement, if the Board determines that it is in the best interests of stockholders
              to seek an alternative transaction so as to obtain greater value for stockholders than that provided by any Qualifying Offer, the Company shall be entitled to include information relating to such alternative transaction in the proxy
              soliciting material prepared by it in connection with the Special Meeting.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vi)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event that the Qualifying Offer continues to be a Qualifying Offer and either (A) the Special Meeting is not convened on or prior to the last day of the Special Meeting Period
              (the &#8220;<font style="font-weight: bold;">Outside Meeting Date</font>&#8221;), or (B) if, at the Special Meeting at which a quorum is present, a majority of the Common Shares outstanding and entitled to vote as of the record date for the Special
              Meeting selected by the Board, not giving effect to any affirmative votes cast by the offeror or any of its Affiliates or Associates, shall vote in favor of the Qualifying Offer Resolution, then the Qualifying Offer shall be deemed exempt
              from the application of this Agreement to such Qualifying Offer so long as it remains a Qualifying Offer, such exemption to be effective on the Close of Business on the tenth (10th) Business Day after (A) the Outside Meeting Date or (B) the
              date on which the results of the vote on the Qualifying Offer Resolution at the Special Meeting are certified as official by the appointed inspectors of election for the Special Meeting, as the case may be (the &#8220;<font style="font-weight: bold;">Exemption Date</font>&#8221;).</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(vii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Immediately upon the Close of Business on the Exemption Date, if any, without any further action and without any notice, the right to exercise the Rights with respect to the Qualifying
              Offer will terminate.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(viii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company shall promptly notify the Rights Agent in writing upon the occurrence of the Exemption Date and, if such notification is given orally, the Company shall confirm the same in
              writing on or prior to the Business Day next following. Until such written notice is received by the Rights Agent, the Rights Agent may presume conclusively for all purposes that the Exemption Date has not occurred.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ix)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything herein to the contrary, no action or vote by stockholders not in compliance with the provisions of this Section 23(c) shall serve to exempt any offer from the
              terms of this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(x)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Nothing in this Section 23(c) shall be construed as limiting or prohibiting the Company or any offeror from proposing or engaging in any acquisition, disposition</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">or other transfer of any securities of the Company, any merger or consolidation involving the Company, any sale or other transfer of assets of
            the Company, any liquidation, dissolution or winding-up of the Company, or any other business combination or other transaction, or any other action by the Company or such offeror; <u>provided</u>, <u>however</u>, that the holders of Rights
            shall have the rights set forth in this Agreement with respect to any such acquisition, disposition, transfer, merger, consolidation, sale, liquidation, dissolution, winding-up, business combination, transaction or action.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 24.&#160; &#160; &#160; <u>Exchange of Rights</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Board may, at its option, at any time after any Person becomes an Acquiring Person, authorize and direct the Company to, and if directed the Company shall, exchange all or part of
              the then outstanding and exercisable Rights (which shall not include Rights that have become null and void pursuant to the provisions of Section 7(e) hereof) for Common Shares at an exchange ratio of one Common Share per Right, appropriately
              adjusted to reflect any stock split, stock dividend or similar transaction occurring after the first public announcement by the Company of the adoption of this Agreement (such exchange ratio being hereinafter referred to as the &#8220;<font style="font-weight: bold;">Exchange Ratio</font>&#8221;); <u>provided</u>, <u>however</u>, that in connection with any exchange effected pursuant to this Section 24(a), no holder of Rights shall be entitled to receive Common Shares (or other
              shares of capital stock of the Company) that would result in such holder, together with such holder&#8217;s Affiliates and Associates, becoming the Beneficial Owner of more than twelve percent (12.0%) of the then-outstanding Common Shares.&#160; If a
              holder would, but for the immediately preceding sentence, be entitled to receive Excess Shares, then in lieu of receiving such Excess Shares and to the extent permitted by law or orders applicable to the Company, such holder will only be
              entitled to receive an amount in cash or, at the election of the Company, a note or other evidence of indebtedness maturing within twelve (12) months with a principal amount, equal to the current per share Current Market Price of a share of
              Common Shares at the Close of Business on the Trading Day following the date of exercise multiplied by the number of Excess Shares that would otherwise have been issuable to such holder.&#160; The exchange of the Rights by the Board may be made
              effective at such time, on such basis, and with such conditions as the Board in its sole discretion may establish.&#160; Notwithstanding the foregoing, the Board shall not be empowered to direct the Company to effect such exchange at any time
              after any Person (other than an Exempt Person), together with all Related Persons of such Person, becomes the Beneficial Owner of fifty percent (50%) or more of the Common Shares then outstanding.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Immediately upon the action of the Board directing the Company to exchange any Rights pursuant to Section 24(a) hereof and without any further action and without any notice, the right
              to exercise such Rights shall terminate and the only right thereafter of a registered holder of such Rights shall be to receive that number of Common Shares equal to the number of such Rights held by such holder multiplied by the Exchange
              Ratio.&#160; The Company shall promptly give public notice of any such exchange (with prompt written notice thereof to the Rights Agent); <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that the failure to give, or any
              defect in, such notice shall not affect the validity of such exchange. The Company promptly shall give notice of any such exchange to all of the registered holders of such Rights in accordance with Section 27 hereof.&#160; Any notice given in
              accordance with Section 27 hereof shall be deemed given whether or not the holder receives the notice.&#160; Each such notice of exchange will state the method by which the exchange of the Common Shares for Rights will be effected and, in the
              event of any partial exchange, the number of Rights</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">that will be exchanged.&#160; Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights that have become
            null and void pursuant to the provisions of Section 7(e) hereof) held by each registered holder of Rights.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In any exchange pursuant to this Section 24, the Company, at its option, may substitute Preferred Shares (or Equivalent Preferred Shares) for Common Shares exchangeable for Rights, at
              the initial rate of one one-thousandth of a Preferred Share (or Equivalent Preferred Shares) for each Common Share, as appropriately adjusted to reflect stock splits, stock dividends, and other similar transactions after the first public
              announcement by the Company of the adoption of this Agreement.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In the event the number of Common Shares authorized by the Restated Articles of Incorporation, but which are not outstanding or reserved for issuance for purposes other than upon
              exercise of the Rights, is not sufficient to permit any exchange of Rights as contemplated in accordance with this Section 24, the Company may either take such action as may be necessary to authorize additional Common Shares for issuance upon
              exchange of the Rights or alternatively, at the option of the Board, substitute to the extent of such insufficiency for each Common Share that would otherwise be issuable upon exchange of a Right, cash, debt securities of the Company, other
              assets, or any combination of the foregoing, in any event having an aggregate value, as determined in good faith by the Board (whose determination shall be described in a statement filed with the Rights Agent and shall be binding and
              conclusive for all purposes on the Rights Agent and the holders of the Rights), equal to the Current Market Price per Common Share (as determined pursuant to Section 11(d)(i)) for the Trading Day immediately prior to the date of exchange
              pursuant to this Section 24.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company shall not be required to issue fractions of Common Shares or to distribute certificates or make Book Entry Common Share notations that evidence fractional Common Shares.&#160; In
              lieu of such fractional Common Shares, there shall be paid to the registered holders of the Rights Certificates with regard to which such fractional Common Shares would otherwise be issuable, an amount in cash equal to the same fraction of
              the current market price of a whole Common Share.&#160; For the purposes of this Section 24(e), the current market price of a whole Common Share shall be the Closing Price of a Common Share (as determined pursuant to the second sentence of Section
              11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Notwithstanding anything in this Section 24 to the contrary, the exchange of the Rights may be made effective at such time, on such basis and with such conditions as the Board in its
              sole discretion may establish.&#160; Without limiting the preceding sentence, the Board may (i) in lieu of issuing Common Shares or any other securities contemplated by this Section 24 to the Persons entitled thereto in connection with the
              exchange (such Persons, the &#8220;<font style="font-weight: bold;">Exchange Recipients</font>,&#8221; and such shares and other securities, together with any dividends or distributions made on such shares or other securities, the &#8220;<font style="font-weight: bold;">Exchange Property</font>&#8221;) issue, transfer or deposit the Exchange Property to or into a trust or other entity that may hold such Exchange Property for the benefit of the Exchange Recipients (provided that such
              trust or other entity may not be controlled by the Company or any of its Related Persons and provided further that the trustee or similar fiduciary of the trust or other entity will attempt to distribute the Exchange Property to the Exchange
              Recipients as promptly as practicable), (ii) permit such trust or other entity to exercise</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">46</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">all of the rights that a stockholder of record would possess with respect to any shares deposited in such trust or entity and (iii) impose
            such procedures as are necessary to verify that the Exchange Recipients are not Acquiring Persons or Related Persons of Acquiring Persons as of any time periods established by such trust or entity.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 25.&#160; &#160; &#160; <u>Process to Seek Exemption</u>.&#160; Any Person who desires to effect any acquisition of Common Shares that
            would, if consummated, result in such Person beneficially owning twelve percent (12.0%) or more of the then outstanding Common Shares (a &#8220;<u>Requesting Person</u>&#8221;) may, prior to the Shares Acquisition Date and in accordance with this Section
            25, request that the Board grant an exemption with respect to such acquisition under this Agreement so that such Person would be deemed to be an &#8220;<font style="font-weight: bold;">Exempt Person</font>&#8221; under subsection (z) of the definition
            thereof in Section 1 for purposes of this Agreement (an &#8220;<font style="font-weight: bold;">Exemption Request</font>&#8221;).&#160; An Exemption Request shall be in proper form and shall be delivered by overnight delivery service or registered mail, return
            receipt requested, to the Secretary of the Company at the principal executive office of the Company.&#160; The Exemption Request shall be deemed made upon receipt by the Secretary of the Company.&#160; To be in proper form, an Exemption Request shall set
            forth (i) the name and address of the Requesting Person, (ii) the number and percentage of shares of Common Shares then Beneficially Owned by the Requesting Person, together with all Affiliates and Associates of the Requesting Person, and (iii)
            a reasonably detailed description of the transaction or transactions by which the Requesting Person would propose to acquire Beneficial Ownership of Common Shares aggregating twelve percent (12.0%) or more of the then outstanding Common Shares
            and the maximum number and percentage of shares of Common Shares that the Requesting Person proposes to acquire. The Board shall make a determination whether to grant an exemption in response to an Exemption Request as promptly as practicable
            (and, in any event, within twenty (20) Business Days) after receipt thereof; <u>provided</u>, that the failure of the Board to make a determination within such period shall be deemed to constitute the denial by the Board of the Exemption
            Request.&#160; The Requesting Person shall respond promptly to reasonable and appropriate requests for additional information from the Board and its advisors to assist the Board in making its determination.&#160; Any exemption granted hereunder may be
            granted in whole or in part, and may be subject to limitations or conditions (including a requirement that the Requesting Person agree that it will not acquire Beneficial Ownership of shares of Common Shares in excess of the maximum number and
            percentage of shares approved by the Board), in each case as and to the extent the Board shall determine necessary or desirable. Any Exemption Request may be submitted on a confidential basis and, except to the extent required by applicable
            law, the Company shall maintain the confidentiality of such Exemption Request and the Board&#8217;s determination with respect thereto, unless the information contained in the Exemption Request or the Board&#8217;s determination with respect thereto
            otherwise becomes publicly available. The Exemption Request shall be considered and evaluated by directors serving on the Board, or a duly constituted committee thereof, who are independent of the Company and the Requesting Person and
            disinterested with respect to the Exemption Request, and the action of a majority of such independent and disinterested directors shall be deemed to be the determination of the Board for purposes of such Exemption Request.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 26.&#160; &#160; &#160; <u>Notice of Certain Events</u>.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case the Company shall propose, at any time after the Distribution Date, (i) to pay any dividend payable in stock of any class to the registered holders of Preferred Shares</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">47</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">or to make any other distribution to the registered holders of Preferred Shares (other than a regular periodic cash dividend out of earnings
            or retained earnings of the Company), or (ii) to offer to the registered holders of Preferred Shares rights or warrants to subscribe for or to purchase any additional Preferred Shares or shares of stock of any class or any other securities,
            rights or options, or (iii) to effect any reclassification of its Preferred Shares (other than a reclassification involving only the subdivision of outstanding Preferred Shares), or (iv) to effect any consolidation or merger into or with any
            other Person (other than a Subsidiary of the Company in a transaction which complies with Section 11(o)), or to effect any sale or other transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one
            transaction or a series of related transactions, of fifty percent (50%) or more of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole and calculated on the basis of the Company&#8217;s most recent regularly
            prepared financial statements) to any other Person or Persons (other than the Company and/or any of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), or (v) to effect the liquidation, dissolution,
            or winding up of the Company, then, in each such case, the Company shall give to each registered holder of a Rights Certificate, to the extent feasible and in accordance with Section 26 hereof, a notice of such proposed action, which shall
            specify the record date for the purposes of such stock dividend, distribution of rights or warrants, or the date on which such reclassification, consolidation, merger, sale, transfer, liquidation, dissolution, or winding up is to take place and
            the date of participation therein by the registered holders of the Preferred Shares, if any such date is to be fixed, and such notice shall be so given in the case of any action covered by clause (i) or (ii) above at least twenty (20) calendar
            days prior to the record date for determining registered holders of the Preferred Shares for purposes of such action, and in the case of any such other action, at least twenty (20) calendar days prior to the date of the taking of such proposed
            action or the date of participation therein by the registered holders of the Preferred Shares, whichever shall be the earlier; <u>provided</u>, <u>however</u>, that no such action shall be taken pursuant to this Section 26(a) that will or
            would conflict with any provision of the Company&#8217;s Restated Articles of Incorporation; <u>provided</u>, <u>further</u>, that no such notice shall be required pursuant to this Section 26, if any Subsidiary of the Company effects a
            consolidation or merger with or into, or effects a sale or other transfer of assets or earning power to, any other Subsidiary of the Company.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">In case a Section 11(a)(ii) Event shall occur, then, in any such case, (i) the Company shall as soon as practicable thereafter give to the Rights Agent, and, to the extent feasible,
              each registered holder of a Rights Certificate, to the extent feasible and in accordance with Section 26 hereof, a notice of the occurrence of such event, which shall specify the event and the consequences of the event to registered holders
              of Rights under Section 11(a)(ii) hereof, and (ii) all references in Section 26(a) to Preferred Shares shall be deemed thereafter to refer to Common Shares and/or, if appropriate, other securities.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Notwithstanding anything to the contrary that may be contained in this Section 26 or elsewhere in this Agreement, the
            failure to give, or any defect in, any notice required to be given pursuant to this Section 26 shall not affect the legality or validity of the transaction or event to which the notice requirement was applicable.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In case any Section 13 Event shall occur, then the Company shall, as soon as practicable thereafter, give to each
            registered holder of a Rights Certificate, to the extent feasible, and to the Rights Agent in accordance with Section 26 hereof, a written notice of the occurrence of such</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">48</font></div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">event, which notice shall describe such event and the consequences of such event to the holders of Rights under Section 13(a) hereof.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 27.&#160; &#160; &#160; <u>Notices</u>.&#160; Notices or demands authorized by this Agreement to be given or made by the Rights Agent
            or by the holder of any Rights Certificate to or on the Company will be sufficiently given or made if in writing and sent by a recognized national overnight delivery service, or first-class mail, postage prepaid, addressed (until another
            address is filed in writing with the Rights Agent by the Company) as follows:</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Turtle Beach Corporation</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">44 South Broadway, 4th Floor</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">White Plains, New York 10601</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Attention: General Counsel</div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">with copies (which will not constitute notice) to:</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Dechert LLP</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Cira Centre</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">2929 Arch Street</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Philadelphia, PA 19104</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Attention: Stephen M. Leitzell</div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Subject to the provisions of Section 21 hereof, any notice or demand authorized by this Agreement to be given or made by
            the Company, or by the registered holder of any Rights Certificate to or on the Rights Agent shall be sufficiently given or made if sent by (i) first-class mail, postage prepaid, (ii) a recognized national overnight delivery service, prepaid,
            or (iii) courier or messenger service, in each case addressed (until another address is filed in writing by the Rights Agent with the Company) as follows:</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Issuer Direct Corporation</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">c/o Direct Transfer LLC</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">1981 Murray Holladay Road, Suite 100</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Salt Lake City, UT 84117</div>
          <div style="text-align: left; margin-left: 72pt; font-family: 'Times New Roman'; font-size: 10pt;">Attention: Compliance Department</div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Notices or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the registered
            holder of any Rights Certificate or, if prior to the Distribution Date, to the registered holder of the Common Shares shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed to such holder at the address of
            such holder as shown on the registry books of the Rights Agent or, if prior to the Distribution Date, as shown on the registry books of the transfer agent for the Common Shares.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 28.&#160; &#160; &#160; <u>Supplements and Amendments</u>. Except as otherwise provided in this Section&#160;28, the Company, by
            action of the Board, may from time to time and in its sole and absolute discretion, and the Rights Agent shall if the Company so directs, supplement or amend this Agreement in any respect without the approval of any holders of Rights,
            including, without limitation, in order to (a)&#160;cure any ambiguity contained herein, (b)&#160;correct or supplement any</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">49</font></div>
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          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">provision contained herein that may be defective or inconsistent with any other provisions contained herein, (c)&#160;shorten or lengthen any time
            period hereunder, or (d)&#160;otherwise change, amend, or supplement any provisions hereunder in any manner that the Company may deem necessary or desirable; <u>provided</u>,&#160;<u>however</u>, that from and after the Distribution Date, this Agreement
            shall not be supplemented or amended in any manner that would adversely affect the interests of the holders of Rights (other than Rights that have become null and void pursuant to Section&#160;7(e)&#160;hereof) as such or cause this Agreement to become
            amendable other than in accordance with this Section&#160;28. Any such supplement or amendment shall be evidenced by a writing executed by the Company and the Rights Agent. Without limiting the foregoing, the Company, by action of the Board, may at
            any time before any Person becomes an Acquiring Person amend this Agreement to make the provisions of this Agreement inapplicable to a particular transaction by which a Person might otherwise become an Acquiring Person or to otherwise alter the
            terms and conditions of this Agreement as they may apply with respect to any such transaction. For the avoidance of doubt, the Company shall be entitled to adopt and implement such procedures and arrangements (including with third parties) as
            it may deem necessary or desirable to facilitate the exercise, exchange, trading, issuance or distribution of the Rights (and the shares of Preferred Stock issuable and deliverable upon the exercise of the Rights) as contemplated hereby and to
            ensure that an Acquiring Person and its Related Persons and transferees do not obtain the benefits thereof, and any amendment in respect of the foregoing shall be deemed not to adversely affect the interests of the holders of Rights. Upon the
            delivery of a certificate from an authorized officer of the Company which states that the proposed supplement or amendment is in compliance with the terms of this Section 28, the Rights Agent shall execute such supplement or amendment; provided
            that the Rights Agent shall not be obligated to enter into any supplement or amendment that adversely affects the rights, duties, obligations or immunities of the Rights Agent under this Agreement. Prior to the Distribution Date, the interests
            of the holders of Rights shall be deemed coincident with the interests of the holders of the Common Shares.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 29.&#160; &#160; &#160; <u>Successors</u>.&#160; All the covenants and provisions of this Agreement by or for the benefit of the
            Company or the Rights Agent shall bind and inure to the benefit of their respective successors and assigns hereunder.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 30.&#160; &#160; &#160; <u>Determinations and Actions by the Board</u>. The Board shall have the exclusive power and authority to
            administer this Agreement and to exercise all rights and powers specifically granted to the Board or to the Company, or as may be necessary or advisable in the administration of this Agreement, including, without limitation, the right and power
            to (i) interpret the provisions of this Agreement, and (ii) make all determinations deemed necessary or advisable for the administration of this Agreement (including, without limitation, a determination to redeem or not redeem the Rights or to
            amend or supplement this Agreement and whether any proposed amendment adversely affects the interests of the holders of Right Certificates). For all purposes of this Agreement, any calculation of the number of Common Shares or other securities
            outstanding at any particular time, including for purposes of determining the particular percentage of such outstanding Common Shares or any other securities of which any Person is the Beneficial Owner, shall be made in accordance with the last
            sentence of Rule 13d-3(d)(1)(i) of the General Rules and Regulations under the Exchange Act as in effect on the date of this Agreement. All such actions, calculations, interpretations and determinations (including, for purposes of clause (y)
            below, all omissions with respect to the foregoing) that are done or made by the Board in good faith, shall (x) be final, conclusive and binding on the Company, the Rights Agent, the registered holders of</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">50</font></div>
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">the Rights and all other parties, and (y) not subject the Board, or any member thereof, to any liability to the registered holders of the
            Rights.&#160; The Rights Agent is entitled always to assume the Company&#8217;s Board acted in good faith and shall be fully protected and incur no liability in reliance thereon.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 31.&#160; &#160; &#160; <u>Benefits of this Agreement</u>.&#160; Nothing in this Agreement shall be construed to give to any Person
            other than the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, the Common Shares and the Prefunded Warrants) any legal or equitable right, remedy or claim under this
            Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Rights Certificates (and, prior to the Distribution Date, the Common Shares and the Prefunded
            Warrants).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 32.&#160; &#160; &#160; <u>Severability</u>.&#160; If any term, provision, covenant or restriction of this Agreement is held by a
            court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected,
            impaired or invalidated.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 33.&#160; &#160; &#160; <u>Governing Law</u>.&#160; This Agreement, each Right and each Rights Certificate issued hereunder shall be
            deemed to be a contract made under the laws of the State of Nevada and for all purposes shall be governed by and construed in accordance with the laws of such jurisdiction applicable to contracts made and to be performed entirely within such
            jurisdiction.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 34.&#160; &#160; &#160; <u>Counterparts; Facsimiles and PDFs</u>.&#160; This Agreement and any supplements or amendments hereto may be
            executed in any number of counterparts and each of such counterparts will for all purposes be deemed to be an original, and all such counterparts will together constitute one and the same instrument, it being understood that all parties need
            not sign the same counterpart. A signature to this Agreement executed or transmitted electronically (including by fax and .pdf) will have the same authority, effect and enforceability as an original signature. No party hereto may raise the use
            of such electronic execution or transmission to deliver a signature, or the fact that any signature or agreement or instrument was transmitted or communicated through such electronic transmission, as a defense to the formation of a contract,
            and each party forever waives any such defense, except to the extent such defense relates to lack of authenticity.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 35.&#160; &#160; &#160; <u>Descriptive Headings</u>.&#160; Descriptive headings of the several sections of this Agreement are inserted
            for convenience only and shall not control or affect the meaning or construction of any of the provisions of this Agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 36.&#160; &#160; &#160; <u>Force Majeure</u>.&#160; Notwithstanding anything to the contrary contained herein, the Rights Agent shall
            not have any liability for not performing, or a delay in the performance of, any act, duty, obligation or responsibility by reason of any occurrence beyond the reasonable control of the Rights Agent (including, without limitation, any act or
            provision of any present or future law or regulation or governmental authority, any act of God, war, civil or military disobedience or disorder, riot, rebellion, terrorism, insurrection, fire, earthquake, storm, flood, pandemic or public health
            emergency, epidemic, strike, work stoppage, shortage of supply, breakdowns, interruptions or malfunctions of computer facilities, loss of data due to power failures</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">51</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">or mechanical difficulties with information storage or retrieval systems, labor dispute, accident or failure or malfunction of any utilities,
            communication or computer (software or hardware) services or similar occurrence).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Section 37.&#160; &#160; &#160; <u>Further Assurance.</u>&#160; The Company shall perform, acknowledge and deliver or cause to be performed,
            acknowledged and delivered all such further and other acts, documents, instruments and assurances as may be reasonably required by the Rights Agent for its carrying out or performing the provisions of this Agreement.</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">[SIGNATURE PAGE FOLLOWS]</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
          </div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">52</font></div>
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          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above
            written.</div>
          <div style="text-align: left; margin-left: 216pt; margin-bottom: 24pt; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">By:<u>&#160; /s/ Juergen Stark&#160;</u></div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">Name:&#160; Juergen Stark</div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">Title:&#160;&#160;&#160; Chief Executive Officer and President</div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
          </div>
          <div style="margin-bottom: 24pt;"><br>
          </div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">ISSUER DIRECT CORPORATION, AS RIGHTS AGENT</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By: &#160; <u>/s/ JULIE FELIX</u></font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.04pt;"><u> <br>
              </u></font></div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">Name:&#160; Julie Felix<br>
          </div>
          <div style="text-align: left; margin-left: 216pt; margin-bottom: 24pt; font-family: 'Times New Roman'; font-size: 10pt;">Title:&#160;&#160;&#160; Sr. Platform Specialist<br>
          </div>
          <div style="margin-bottom: 24pt;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
            </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">[SIGNATURE PAGE TO RIGHTS AGREEMENT]</div>
          </div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">53</font></div>
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          <div style="text-align: right; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>EXHIBIT A</u></div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">CERTIFICATE OF DESIGNATION</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">OF</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">SERIES A JUNIOR PARTICIPATING PREFERRED STOCK</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">OF</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
          <div><br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Pursuant to Section 78.1955 of the Nevada Revised Statutes)</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">______________________________</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Turtle Beach Corporation, a Nevada corporation (the &#8220;<font style="font-weight: bold;">Corporation</font>&#8221;), in accordance
            with the provisions of Nevada Revised Statutes (&#8220;<font style="font-weight: bold;">NRS</font>&#8221;) Section 78.1955, hereby certifies that, pursuant to the authority granted by Article FIVE of the Articles of Incorporation of the Corporation, as
            amended (the &#8220;<font style="font-weight: bold;">Articles of Incorporation</font>&#8221;), the Board of Directors of the Corporation (hereinafter being referred to as the &#8220;<font style="font-weight: bold;">Board of Directors</font>&#8221; or the &#8220;<font style="font-weight: bold;">Board</font>&#8221;), at a meeting duly called and held on March 27, 2023, has adopted the following resolution with respect to the designations, number of shares, preferences, voting powers and other rights and the
            restrictions and limitations thereof, of the Series A Junior Participating Stock:</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">RESOLVED, that, pursuant to the authority granted to and vested in the Board of Directors in accordance with the provisions
            of the Articles of Incorporation, the designations, number of shares, preferences, voting powers and other rights and the restrictions and limitations thereof of the Series A Junior Participating Stock are as follows:</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Designation and Amount</u>.&#160; The shares of such series shall be designated as &#8220;Series A Junior Participating Preferred Stock&#8221; (the &#8220;<font style="font-weight: bold;">Series A
                Preferred Stock</font>&#8221;) and the number of shares constituting the Series A Preferred Stock shall be 30,000. Such number of shares may be increased or decreased by resolution of the Board of Directors prior to issuance; <u>provided</u>, <u>however</u><font style="font-style: italic;">,</font> that no decrease shall reduce the number of shares of the Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the
              exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into the Series A Preferred Stock; <u>provided</u>, <u>further</u>, that if more than a total of
              30,000 shares of Series A Preferred Stock shall be issuable upon the exercise of Rights (the &#8220;<font style="font-weight: bold;">Rights</font>&#8221;) issued pursuant to the Rights Agreement, dated as of March 28, 2023, and as supplemented, restated
              or amended from time to time, by and between the Corporation and Issuer Direct Corporation, as rights agent (the &#8220;<font style="font-weight: bold;">Rights Agreement</font>&#8221;), the Board shall direct by resolution or resolutions that a
              certificate be properly executed, acknowledged, filed and recorded providing for the total number of shares of Series A Preferred Stock authorized to be issued to be increased (to the extent that the Articles of Incorporation then permits) to
              the largest number of whole shares (rounded up to the nearest whole number) issuable upon exercise of such Rights.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Dividends and Distributions</u>.</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">54</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the rights of the holders of any shares of any series of Preferred Stock of the Corporation (the &#8220;<font style="font-weight: bold;">Preferred Stock</font>&#8221;) (or any similar
              stock) ranking prior and superior to the shares of Series A Preferred Stock with respect to dividends, the holders of shares of the Series A Preferred Stock, in preference to the holders of common stock, par value $0.001 per share, of the
              Corporation (the &#8220;<font style="font-weight: bold;">Common Stock</font>&#8221;) and of any other stock of the Corporation ranking junior to the Series A Preferred Stock, shall be entitled to receive, when, as and if declared by the Board of
              Directors out of funds of the Corporation legally available for the payment of dividends, quarterly dividends payable in cash on the last day of each fiscal quarter of the Corporation in each year, or such other dates as the Board of
              Directors shall approve (each such date being referred to herein as a &#8220;<font style="font-weight: bold;">Quarterly Dividend Payment Date</font>&#8221;), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or
              fraction of a share of the Series A Preferred Stock (the &#8220;<font style="font-weight: bold;">Issue Date</font>&#8221;), in an amount per share (rounded to the nearest cent) equal to the greater of (i) $1.00 or (ii) subject to the provision for
              adjustment hereinafter set forth, 1,000 times the aggregate per share amount of all cash dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions other than a dividend
              payable in shares of Common Stock or a subdivision of the outstanding shares of the Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect
              to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time after the Issue Date (A) declare and pay any dividend on
              the Common Stock payable in shares of Common Stock, or (B) effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common
              Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (ii) of the preceding
              sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock
              that were outstanding immediately prior to such event.&#160; In the event the Corporation shall at any time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision,
              combination or consolidation of the outstanding shares of Series A Preferred Stock (by reclassification or otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A
              Preferred Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (ii) of the first sentence of this Section 2(a) shall be adjusted by
              multiplying such amount by a fraction, the numerator of which is the number of shares of Series A Preferred Stock that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred
              Stock outstanding immediately after such event.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall declare a dividend or distribution on the Series A Preferred Stock as provided in paragraph (a) of this Section 2 immediately after it declares a dividend or
              distribution on the Common Stock (other than a dividend payable in shares of Common Stock); and the Corporation shall pay such dividend or distribution on the Series A Preferred Stock before the dividend or distribution declared on the Common
              Stock is paid or set apart; <u>provided</u>&#160;<u>that</u>, in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly
              Dividend Payment Date, a dividend of $1.00 per share on the Series A Preferred Stock shall</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">55</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">nevertheless be payable, when, as and if declared, on such subsequent Quarterly Dividend Payment Date.</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Dividends shall begin to accrue and be cumulative, whether or not declared, on outstanding shares of Series A Preferred Stock from the Quarterly Dividend Payment Date next preceding the
              date of issue of such shares, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such
              shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series A Preferred Stock entitled to receive a quarterly dividend and before such
              Quarterly Dividend Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall not bear interest. Dividends paid on the shares of
              Series A Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The Board
              of Directors may fix a record date for the determination of holders of shares of Series A Preferred Stock entitled to receive payment of a dividend or distribution declared thereon, which record date shall be not more than sixty (60) calendar
              days prior to the date fixed for the payment thereof.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Voting Rights</u>. The holders of shares of Series A Preferred Stock shall have the following voting rights:</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Subject to the provision for adjustment hereinafter set forth and except as otherwise provided in the Articles of Incorporation or required by law, each share of Series A Preferred
              Stock shall entitle the holder thereof to 1,000 votes on all matters upon which the holders of the Common Stock of the Corporation are entitled to vote. In the event the Corporation shall at any time after the Issue Date (i) declare or pay
              any dividend on the Common Stock payable in shares of Common Stock, or (ii) effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in
              shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the number of votes per share to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event shall
              be adjusted by multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were
              outstanding immediately prior to such event.&#160; In the event the Corporation shall at any time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision, combination or
              consolidation of the outstanding shares of Series A Preferred Stock (by reclassification or otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A Preferred Stock,
              then in each such case the number of votes per share to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying such amount by a fraction, the numerator of which is
              the number of shares of Series A Preferred Stock that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">56</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Except as otherwise provided herein, in the Articles of Incorporation or in any other Certificate of Designations creating a series of Preferred Stock or any similar stock, and except
              as otherwise required by law, the holders of shares of Series A Preferred Stock and the holders of shares of Common Stock and any other capital stock of the Corporation having general voting rights shall vote together as one class on all
              matters submitted to a vote of stockholders of the Corporation.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)<font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>If at any time dividends on any Series A Preferred Stock shall be in arrears in an
              amount equal to six (6) quarterly dividends thereon, then and in such event the holders of the Series A Preferred Stock, voting as a separate series from all other series of Preferred Stock and classes of capital stock, shall be entitled to
              elect two (2) members of the Board in addition to any Directors elected by any other series, class or classes of securities and the authorized number of Directors will automatically be increased by two (2). Promptly thereafter, the Board of
              the Corporation shall, as soon as may be practicable, call a special meeting of holders of Series A Preferred Stock for the purpose of electing such members of the Board.&#160; Such special meeting shall in any event be held within forty-five (45)
              calendar days of the occurrence of such arrearage.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">During any period when the holders of Series A Preferred Stock, voting as a separate series, shall be entitled and shall have exercised their right to elect two (2) Directors, then, and
              during such time as such right continues, (a) the then authorized number of Directors shall be increased by two (2), and the holders of Series A Preferred Stock, voting as a separate series, shall be entitled to elect the additional Directors
              so provided for, and (b) each such additional Director shall serve until the next annual meeting of stockholders for the election of Directors, or until his successor shall be elected and shall qualify, or until his right to hold such office
              terminates pursuant to the provisions of this Section 3(c).</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">A Director elected pursuant to the terms hereof may be removed with or without cause by the holders of Series A Preferred Stock entitled to vote in an election of such Director.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">If, during any interval between annual meetings of stockholders for the election of Directors and while the holders of Series A Preferred Stock shall be entitled to elect two (2)
              Directors, there is no such Director in office by reason of resignation, death or removal, then, promptly thereafter, the Board shall call a special meeting of the holders of Series A Preferred Stock for the purpose of filling such vacancy
              and such vacancy shall be filled at such special meeting.&#160; Such special meeting shall in any event be held within forty-five (45) calendar days of the occurrence of such vacancy.</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(v)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">At such time as the arrearage is fully cured, and all dividends accumulated and unpaid on any shares of Series A Preferred Stock outstanding are paid, and, in addition thereto, at least
              one regular dividend has been paid subsequent to curing such arrearage, the term of office of any Director elected pursuant to this Section 3(c), or his successor, shall automatically terminate, and the authorized number of Directors shall
              automatically decrease by two (2), the rights of the holders of the shares of the Series A Preferred Stock to vote as provided in this Section 3(c) shall cease, subject to renewal from time to time in the case of any such future dividend
              default or defaults upon the same terms and conditions, and the holders of shares of the Series A Preferred Stock shall have only the limited voting rights elsewhere herein set forth.</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">57</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Except as set forth herein, or as otherwise provided by law, the holders of Series A Preferred Stock shall have no special voting rights and their consent shall not be required (except
              to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Certain Restrictions</u>.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Whenever quarterly dividends or other dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 hereof are in arrears, thereafter and until all accrued
              and unpaid dividends and distributions, whether or not declared, on shares of Series A Preferred Stock outstanding shall have been paid in full, the Corporation shall not:</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">declare or pay dividends, or make any other distributions, on any shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A
              Preferred Stock;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">declare or pay dividends, or make any other distributions, on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the
              Series A Preferred Stock, except dividends paid ratably on the Series A Preferred Stock and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then
              entitled;</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iii)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">redeem or purchase or otherwise acquire for consideration shares of any stock ranking junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series A
              Preferred Stock, <u>provided</u>, that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such junior stock in exchange for shares of any stock of the Corporation ranking junior (either as to dividends or
              upon dissolution, liquidation or winding up) to the Series A Preferred Stock or rights, warrants or options to acquire such junior stock; or</font></div>
          <div style="text-align: justify; text-indent: 108pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(iv)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">redeem or purchase or otherwise acquire for consideration any shares of Series A Preferred Stock, or any shares of stock ranking on a parity (either as to dividends or upon liquidation,
              dissolution or winding up) with the Series A Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such shares upon such terms as the Board of
              Directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result in fair and equitable treatment among the
              respective series or classes.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of stock of the Corporation unless the Corporation
              could, under paragraph (a) of this Section 4, purchase or otherwise acquire such shares at such time and in such manner.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Reacquired Shares</u>. Any shares of Series A Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly
              after the acquisition thereof. All such shares shall upon their cancellation become authorized but unissued shares of Preferred Stock and may be reissued, without designation as to series until such shares are once more designated as part of
              a particular series of Preferred Stock by resolution or</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">58</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">resolutions of the Board of Directors, subject to the conditions and restrictions on issuance set forth herein, in the Articles of
            Incorporation, or in any other Certificate of Designations creating a series of Preferred Stock or any similar stock or as otherwise required by law.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Liquidation, Dissolution or Winding Up</u>.&#160; (a) Upon any liquidation, dissolution or winding up of the Corporation, no distribution shall be made (i) to the holders of the Common
              Stock or of shares of any other stock of the Corporation ranking junior, either as to dividends or upon liquidation, dissolution or winding up, to the Series A Preferred Stock unless, prior thereto, the holders of shares of Series A Preferred
              Stock shall have received $1,000 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment, <u>provided</u>&#160;<u>that</u>, the holders of shares of Series A
              Preferred Stock shall be entitled to receive an aggregate amount per share, subject to the provision for adjustment hereinafter set forth, equal to 1,000 times the aggregate amount to be distributed per share to holders of shares of Common
              Stock, or (ii) to the holders of shares of stock ranking on a parity either as to dividends or upon liquidation, dissolution or winding up with the Series A Preferred Stock, except distributions made ratably on the Series A Preferred Stock
              and all such parity stock in proportion to the total amounts to which the holders of all such shares are entitled upon such liquidation, dissolution or winding up. In the event, however, that there are not sufficient assets available to
              permit payment in full of the Series A Preferred Stock liquidation preference and the liquidation preferences of all other classes and series of stock of the Corporation, if any, that rank on a parity with the Series A Preferred Stock in
              respect thereof, then the assets available for such distribution shall be distributed ratably to the holders of the Series A Preferred Stock and the holders of such parity shares in the proportion to their respective liquidation preferences.
              In the event the Corporation shall at any time after the Issue Date (A) declare or pay any dividend on the Common Stock payable in shares of Common Stock, or (B) effect a subdivision or combination or consolidation of the outstanding shares
              of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the aggregate amount to which holders of shares of
              Series A Preferred Stock were entitled immediately prior to such event under the proviso in clause (i) of this <u>Section 6(a)</u> shall be adjusted by multiplying such amount by a fraction the numerator of which is the number of shares of
              Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.&#160; In the event the Corporation shall at any time declare or pay
              any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision, combination or consolidation of the outstanding shares of Series A Preferred Stock (by reclassification or otherwise than by
              payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A Preferred Stock, then in each such case the aggregate amount to which holders of shares of Series A Preferred Stock were
              entitled immediately prior to such event under the proviso in clause (i) of paragraph (a) of this Section 6 shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Series A Preferred Stock
              that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">Neither the merger, consolidation or other business combination of the Corporation into or with another entity nor the merger, consolidation or other business combination of any other
              entity into or with the Corporation (nor the sale, lease, exchange or</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">59</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">conveyance of all or substantially all of the property, assets or business of the Corporation) shall be deemed to be a liquidation,
            dissolution or winding up of the Corporation within the meaning of this Section 6.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Consolidation, Merger, etc.</u> Notwithstanding anything to the contrary contained herein, in case the Corporation shall enter into any consolidation, merger, combination or other
              transaction in which the shares of Common Stock are converted into, exchanged for or changed into other stock or securities, cash and/or any other property (payable in kind), then in any such case each share of Series A Preferred Stock shall
              at the same time be similarly converted into, exchanged for or changed into an amount per share (subject to the provision for adjustment hereinafter set forth) equal to 1,000 times the aggregate amount of stock, securities, cash and/or any
              other property (payable in kind), as the case may be, into which or for which each share of Common Stock is converted or exchanged. In the event the Corporation shall at any time after the Issue Date (i) declare or pay any dividend on the
              Common Stock payable in shares of Common Stock, or (ii) effect a subdivision or combination or consolidation (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) of the outstanding shares of Common Stock
              into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the conversion, exchange or change of shares of Series A Preferred Stock shall be adjusted by
              multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding
              immediately prior to such event.&#160; In the event the Corporation shall at any time declare or pay any dividend on the Series A Preferred Stock payable in shares of Series A Preferred Stock, or effect a subdivision, combination or consolidation
              of the outstanding shares of Series A Preferred Stock (by reclassification or otherwise than by payment of a dividend in shares of Series A Preferred Stock) into a greater or lesser number of shares of Series A Preferred Stock, then in each
              such case the amount set forth in the first sentence of this Section 7 with respect to the exchange or change of shares of Series A Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which is the
              number of shares of Series A Preferred Stock that were outstanding immediately prior to such event and the denominator of which is the number of shares of Series A Preferred Stock outstanding immediately after such event.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>No Redemption</u>. The shares of Series A Preferred Stock shall not be redeemable from any holder.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Rank</u>. The Series A Preferred Stock shall rank, with respect to the payment of dividends and the distribution of assets upon liquidation, dissolution or winding up of the
              Corporation, junior to all series of any other class of the Preferred Stock issued either before or after the issuance of the Series A Preferred Stock, unless the terms of any such series shall provide otherwise, and shall rank senior to the
              Common Stock.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Amendment</u>. At such time as any shares of Series A Preferred Stock are outstanding, if any proposed amendment to the Articles of Incorporation (including this Certificate of
              Designation) would materially alter, change or repeal any of the preferences, powers or special rights given to the Series A Preferred Stock so as to affect the Series A Preferred Stock adversely, then the holders of the Series A Preferred
              Stock shall be entitled to vote separately as a class upon such amendment, and the affirmative vote of two-thirds of the outstanding shares of the Series A</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">60</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Preferred Stock, voting separately as a single class, shall be necessary for the adoption thereof, in addition to such other vote as may be
            required by the NRS.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">11.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Fractional Shares</u>. Series A Preferred Stock may be issued in fractions of a share that shall entitle the holder, in proportion to such holder&#8217;s fractional shares, to exercise
              voting rights, receive dividends, participate in distributions and to have the benefit of all other rights of holders of Series A Preferred Stock.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, the undersigned have signed and attested this Certificate of
            Designation on this 28th day of March 2023.</div>
          <div style="text-align: left; margin-left: 216pt; margin-bottom: 24pt; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">By:&#160; ___________________________</div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">Name:</div>
          <div style="text-align: left; margin-left: 216pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Title:</div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Attest:</div>
          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">__________________________________</div>
          <div style="text-align: left; margin-bottom: 36pt; font-family: 'Times New Roman'; font-size: 10pt;">______________, Secretary</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">61</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>EXHIBIT B</u></div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">FORM OF RIGHTS CERTIFICATE</div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zf6f57d4fac5b4a7db089cbccf3feaaaa">

                <tr>
                  <td style="width: 50.00%;"><font style="font-family: 'Times New Roman';">Certificate No. R-</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5pt;">&#160; <br>
                    </font></td>
                  <td style="width: 50.00%;">
                    <div style="text-align: right;">&#160;<font style="font-family: 'Times New Roman';">_______________ Rights</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-align: left;"><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font> <br>
            </font></div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">NOT EXERCISABLE AFTER 5:00 P.M., NEW YORK CITY TIME, ON MARCH 28, 2024 UNLESS THE RIGHTS ARE EARLIER REDEEMED OR EXCHANGED. THE RIGHTS ARE
            SUBJECT TO REDEMPTION AT $0.001 PER RIGHT AND TO EXCHANGE, IN EACH CASE, AT THE OPTION OF THE COMPANY, ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. THE RIGHTS EVIDENCED BY THIS CERTIFICATE SHALL NOT BE EXERCISABLE, AND SHALL BE VOID SO LONG
            AS HELD BY A HOLDER IN ANY JURISDICTION WHERE THE REQUISITE QUALIFICATION FOR THE ISSUANCE TO SUCH HOLDER, OR THE EXERCISE BY SUCH HOLDER, OF THE RIGHTS IN SUCH JURISDICTION SHALL NOT HAVE BEEN OBTAINED OR BE OBTAINABLE.&#160; UNDER CERTAIN
            CIRCUMSTANCES SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS BENEFICIALLY OWNED BY ANY PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON OR ANY RELATED PERSON THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT), WHETHER CURRENTLY
            BENEFICIALLY OWNED BY OR ON BEHALF OF SUCH PERSON OR BY ANY SUBSEQUENT BENEFICIAL OWNER, MAY BECOME NULL AND VOID AND NO LONGER TRANSFERABLE. [THE RIGHTS REPRESENTED BY THIS RIGHTS CERTIFICATE ARE OR WERE BENEFICIALLY OWNED BY OR ON BEHALF OF A
            PERSON WHO IS, WAS OR BECAME AN ACQUIRING PERSON OR A RELATED PERSON OF AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT).&#160; ACCORDINGLY, THIS RIGHTS CERTIFICATE AND THE RIGHTS REPRESENTED HEREBY MAY BECOME NULL AND VOID IN
            THE CIRCUMSTANCES SPECIFIED IN SECTION 7(e) OF SUCH AGREEMENT.]<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">RIGHTS CERTIFICATE</div>
          <div><br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">This certifies that ___________, or registered assigns, is the registered owner of the number of Rights set forth above,
            each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement, dated as of March 28, 2023, and as supplemented, restated or amended from time to time (the &#8220;<font style="font-weight: bold;">Rights

              Agreement</font>&#8221;), by and between Turtle Beach Corporation, a Nevada corporation (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;), and Issuer Direct Corporation, as rights agent (the &#8220;<font style="font-weight: bold;">Rights Agent</font>&#8221;),

            to purchase from the Company at any time after the Distribution Date (as such term is defined in the Rights Agreement) and prior to 5:00 p.m., New York City time, on March 28, 2024 unless the Rights are previously redeemed or exchanged, at the
            office or offices of the Rights Agent designated for such purpose, or its successors as Rights Agent, one one-thousandth of a fully paid, nonassessable share of Series A Junior Participating</div>
          <br>
          <br>
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          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> The portion of the legend in brackets shall be inserted only if applicable and
            shall replace the preceding sentence.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">62</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Preferred Stock, par value $0.001 per share, of the Company (a &#8220;<font style="font-weight: bold;">Preferred Share</font>&#8221;), at an initial
            purchase price of $59.00 in cash per one one-thousandth of a Preferred Share (such purchase price, as may be adjusted, the &#8220;<font style="font-weight: bold;">Purchase Price</font>&#8221;), upon presentation and surrender of this Rights Certificate
            with the Form of Election to Purchase and related certificate duly executed. The Company reserves the right to require prior to the occurrence of a Triggering Event (as such term is defined in the Rights Agreement) that a number of Rights be
            exercised so that only whole Preferred Shares will be issued.&#160; Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Rights Agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">This Rights Certificate is subject to all of the terms, covenants, and restrictions of the Rights Agreement, which terms,
            covenants, and restrictions are hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and
            immunities hereunder of the Rights Agent, the Company and the holders of the Rights Certificates, which limitations of rights include the temporary suspension of the exercisability of such Rights under the specific circumstances set forth in
            the Rights Agreement.&#160; Copies of the Rights Agreement are on file at the principal executive offices of the Company and the office or offices of the Rights Agent and are also available upon written request to the Rights Agent.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In certain circumstances described in the Rights Agreement, the Rights evidenced thereby may entitle the registered holder
            thereof to purchase capital stock of an entity other than the Company or receive capital stock, cash, or other assets of an entity other than the Company, all as provided in the Rights Agreement.&#160; Upon the occurrence (whether prior to, on or
            after the date of this Rights Certificate) of a Section 11(a)(ii) Event (as such term is defined in the Rights Agreement), if the Rights evidenced by this Rights Certificate are beneficially owned by (i) an Acquiring Person or a Related Person
            of any such Acquiring Person (as such terms are defined in the Rights Agreement), (ii) a transferee of any such Acquiring Person or of any such Related Person thereof who becomes a transferee after the Acquiring Person becomes an Acquiring
            Person, or (iii) under certain circumstances specified in the Rights Agreement, a transferee of a person who, concurrently with or prior to such transfer, became an Acquiring Person, or a Related Person of an Acquiring Person, such Rights shall
            become null and void and will no longer be transferable and no holder hereof shall have any right with respect to such Rights from and after the occurrence of such Section 11(a)(ii) Event.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">As provided in the Rights Agreement, the Purchase Price, and the number of one one-thousandths of a Preferred Share or
            other securities issuable upon exercise of a Right and the number of Rights outstanding are subject to modification and adjustment upon the happening of certain events, including Triggering Events.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">This Rights Certificate, with or without other Rights Certificates, upon surrender at the office or offices of the Rights
            Agent designated for such purpose, with the Form of Election and Certificate set forth on the reverse side properly completed and duly executed, may be exchanged for another Rights Certificate or Rights Certificates of like tenor and date
            evidencing Rights entitling the holder to purchase a like aggregate number of one one-thousandths of a Preferred Share as the Rights evidenced by the Rights Certificate or Rights Certificates surrendered shall have entitled such holder to
            purchase.&#160; If this Rights Certificate shall be exercised in part, the</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">63</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">holder shall be entitled to receive upon surrender hereof another Rights Certificate or Rights Certificates for the number of whole Rights not
            exercised.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Subject to the provisions of the Rights Agreement, the Rights evidenced by this Rights Certificate may be redeemed by the
            Company under certain circumstances, at its option, at a redemption price of $0.001 per Right, payable in cash, or other securities or property of the Company, as determined by the Board of Directors of the Company, in the exercise of its sole
            discretion, at any time prior to the earlier of (i) the Distribution Date, and (ii) the Final Expiration Date. The redemption of the Rights may be made effective at such time, on such basis, and subject to such conditions as the Board of
            Directors in its sole discretion may establish.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In addition, subject to the provisions of the Rights Agreement, under certain circumstances following the occurrence of a
            Section 11(a)(ii) Event, but before any person acquires beneficial ownership of fifty percent (50%) or more of the Common Shares (as such term is defined in the Rights Agreement), the then-outstanding and exercisable Rights (which shall not
            include Rights held by the Acquiring Person that shall have become null and void and nontransferable pursuant to the provisions of the Rights Agreement) may be exchanged, in whole or in part, for Common Shares at an exchange rate of one Common
            Share for each Right (subject to adjustment for certain events as provided in the Rights Agreement).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In any such exchange, the Company, at its option, may, and to the extent there are an insufficient number of authorized
            Common Shares not reserved for any other purpose to exchange for all of the outstanding Rights, shall, substitute Preferred Shares or other securities of the Company for some or all of the Common Shares exchangeable for Rights such that the
            aggregate value received by a holder of Rights in exchange for each Right is substantially the same value as one Common Share. The exchange of the Rights by the Company may be made effective at such time, on such basis, and subject to such
            conditions as the Board in its sole discretion may establish.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Immediately upon the action of the Board of Directors of the Company authorizing any such redemption or exchange, and
            without any further action or any notice, the Rights (other than Rights that are not subject to such redemption or exchange) will terminate and the Rights will only enable holders to receive the redemption price without any interest thereon or
            the shares issuable upon such exchange, as applicable.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">No fractional Preferred Shares or fractional shares of other securities will be issued upon the exercise of any Right or
            Rights evidenced hereby (other than fractions that are integral multiples of one one-thousandth of a Preferred Share, which may, at the election of the Company, be evidenced by depositary receipts), but in lieu thereof a cash payment may be
            made, as provided in the Rights Agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">No holder of this Rights Certificate, as such, shall be entitled to vote or receive dividends or be deemed for any purpose
            the holder of Preferred Shares or of any other securities of the Company which may at any time be issuable on the exercise hereof, nor shall anything contained in the Rights Agreement or herein be construed to confer upon the holder hereof, as
            such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to
            receive notice of meetings or other actions affecting stockholders (except</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">64</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">as may otherwise be provided in the Rights Agreement), or to receive dividends or other distributions or to exercise any preemptive or
            subscription rights, or otherwise, unless and until the Right or Rights evidenced by this Rights Certificate shall have been exercised as provided in the Rights Agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">This Rights Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the
            Rights Agent.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">WITNESS the facsimile signature or portable document format of the proper officers of the Company.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Dated as of __, 20__.</div>
          <div style="text-align: left; text-indent: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">TURTLE BEACH CORPORATION</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;</font></div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;</font></div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">Countersigned:</div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 216pt; font-family: 'Times New Roman'; font-size: 10pt;">ISSUER DIRECT CORPORATION, as Rights Agent</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="text-align: left; margin-left: 216pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;</font></div>
          <div><br>
          </div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">65</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">[Form of Reverse Side of Rights Certificate]</div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><u>FORM OF ASSIGNMENT</u></div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(To be executed by the registered holder if such</div>
          <div style="text-align: center; text-indent: 3pt; font-family: 'Times New Roman'; font-size: 10pt;">holder desires to transfer the Rights Certificate.)</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">FOR VALUE RECEIVED __________________________________________ hereby sells, </div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">assigns and transfers unto _________________________________________</div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> <br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Please print name and address of transferee)</div>
          <div><br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Please spell out and include in numerals the</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">number of Rights being transferred by this Agreement)</div>
          <div><br>
          </div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">of the Rights evidenced by this Rights Certificate, together with all right, title and interest therein, </div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">and does hereby irrevocably constitute and appoint _____ Attorney, to transfer the number of </div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;">Rights indicated on the books of the within named Company, with full power of substitution.</div>
          <div style="text-align: left; font-family: 'Times New Roman',Times,serif; font-size: 10pt;"> <br>
          </div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Dated as of:&#160; __________ ___, 20__</div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">SIGNATURE</div>
          <div><br>
          </div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><u><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><u><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><u><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u></div>
          <div style="margin-bottom: 12pt;"><br>
          </div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Medallion Signature Guaranteed:</div>
          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Signatures must be guaranteed by an eligible guarantor institution (a bank, stockbroker, savings and loan association or credit union with membership in an approved
            signature guarantee medallion program), at a guarantee level reasonably satisfactory to the Rights Agent. A notary public is not sufficient guarantee of a signature.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">66</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><u>CERTIFICATE</u></div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The undersigned hereby certifies by checking the appropriate boxes that:</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(1) the Rights evidenced by this Rights Certificate [&#160; &#160; ] are [&#160; &#160; ] are not being sold, assigned and transferred by or on behalf of a Person
            who is or was an Acquiring Person or a Related Person of any such Acquiring Person (as such terms are defined in the Rights Agreement); and</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(2) after due inquiry and to the best knowledge of the undersigned, he, she or it [&#160; &#160; ] did [&#160; &#160; ] did not acquire the Rights evidenced by
            this Rights Certificate from any Person who is, was or subsequently became an Acquiring Person or a Related Person of an Acquiring Person.</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Dated as of:&#160; __________ ___, 20__</div>
          <div style="margin-bottom: 12pt;"><br>
          </div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">SIGNATURE</div>
          <div><br>
          </div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><u><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;"><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;</font></div>
          <div style="margin-bottom: 6pt;"><br>
          </div>
          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Medallion Signature Guaranteed:</div>
          <div><br>
          </div>
          <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Signatures must be guaranteed by an eligible guarantor institution (a bank, stockbroker, savings and loan association or credit union with membership in an approved
            signature guarantee medallion program), at a guarantee level reasonably satisfactory to the Rights Agent. A notary public is not sufficient guarantee of a signature.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">67</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><u>NOTICE</u></div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The signature to the foregoing Assignment and Certificate must correspond to the name as written upon the face of this Rights Certificate in
            every particular, without alteration or enlargement or any change whatsoever.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">68</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">[Form of Reverse Side of Rights Certificate &#8211; Continued]</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><u>FORM OF ELECTION TO PURCHASE</u></div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(To be executed by the registered holder if such holder desires to</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">exercise any or all Rights evidenced by the Rights Certificate.)</div>
          <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">To:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">TURTLE BEACH CORPORATION</font></div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The undersigned hereby irrevocably elects to exercise __________ (_______) Rights evidenced by this Rights Certificate to purchase the
            Preferred Shares issuable upon the exercise of the Rights (or such other securities of the Company or of any other person which may be issuable upon the exercise of the Rights) and requests that certificates for such shares be issued in the
            name of and delivered to or that such shares be credited to the book entry account of:</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Please print name, address and social security,</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">tax identification or other identifying number.)</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new Rights Certificate for the balance of such
            Rights shall be registered in the name of and delivered to:</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt;">(Please print name, address and social security,</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">tax identification or other identifying number.)</div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Dated:&#160; __________ ___, ____</div>
          <div style="margin-bottom: 12pt;"><br>
          </div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">SIGNATURE</div>
          <div><br>
          </div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;"><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="margin-bottom: 6pt;"><br>
          </div>
          <div style="text-align: left; margin-bottom: 24pt; font-family: 'Times New Roman'; font-size: 10pt;">Medallion Signature Guaranteed:</div>
          <div style="text-align: left; margin-bottom: 24pt; font-family: 'Times New Roman'; font-size: 10pt;">Signatures must be guaranteed by an eligible guarantor institution (a bank, stockbroker, savings and loan association or credit union with
            membership in an approved signature guarantee medallion program), at a guarantee level reasonably satisfactory to the Rights Agent. A notary public is not sufficient guarantee of a signature.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">69</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><u>CERTIFICATE</u></div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The undersigned hereby certifies by checking the appropriate boxes that:</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(1) the Rights evidenced by this Rights Certificate [&#160; &#160; ] are [&#160; &#160; ] are not being exercised by or on behalf of a Person who is or was an
            Acquiring Person or a Related Person of any such Acquiring Person (as such terms are defined pursuant to the Rights Agreement); and</div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">(2) after due inquiry and to the best knowledge of the undersigned, he, she or it [&#160; &#160; ] did [&#160; &#160; ] did not acquire the Rights evidenced by
            this Rights Certificate from any Person who is, was or became an Acquiring Person or a Related Person of an Acquiring Person.</div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Dated:&#160; __________ ___, ____</div>
          <div style="margin-bottom: 12pt;"><br>
          </div>
          <div style="text-align: left; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">SIGNATURE</div>
          <div><br>
          </div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
          <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.02pt;">&#160;&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;&#160;&#160;</font></div>
          <div style="margin-bottom: 6pt;"><br>
          </div>
          <div style="text-align: left; margin-bottom: 60pt; font-family: 'Times New Roman'; font-size: 10pt;">Medallion Signature Guaranteed:</div>
          <div style="text-align: left; margin-bottom: 60pt; font-family: 'Times New Roman'; font-size: 10pt;">Signatures must be guaranteed by an eligible guarantor institution (a bank, stockbroker, savings and loan association or credit union with
            membership in an approved signature guarantee medallion program), at a guarantee level reasonably satisfactory to the Rights Agent. A notary public is not sufficient guarantee of a signature.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">70</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"><u>NOTICE</u></div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The signature to the foregoing Election to Purchase and Certificate must correspond to the name as written upon the face of this Rights
            Certificate in every particular, without alteration or enlargement or any change whatsoever.</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 8pt; font-weight: normal; font-style: normal;">71</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <!--PROfilePageNumberReset%Num%1%C-%%-->
          <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>EXHIBIT C</u></div>
          <div style="margin-bottom: 12pt;"><br>
          </div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TURTLE BEACH CORPORATION</div>
          <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SUMMARY OF RIGHTS<br>
            TO PURCHASE PREFERRED STOCK</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">On March 27, 2023, the Board of Directors (the &#8220;<font style="font-weight: bold;">Board</font>&#8221;) of Turtle Beach
            Corporation, a Nevada corporation (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;), declared a dividend distribution of one preferred share purchase right (each, a &#8220;<font style="font-weight: bold;">Right</font>&#8221;) for each outstanding
            share of common stock, par value $0.001 per share, of the Company (the &#8220;<font style="font-weight: bold;">Common Shares</font>&#8221;). The dividend was payable to holders of record as of the close of business on April 10, 2023 (the &#8220;<font style="font-weight: bold;">Record Date</font>&#8221;) and with respect to Common Shares issued thereafter until the Distribution Date (as defined below) and, in certain circumstances, with respect to Common Shares issued after the Distribution
            Date.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The following is a summary description of the Rights. This summary is intended to provide a general description only and is
            subject to the detailed terms and conditions of the Rights Agreement, dated as of March 28, 2023 (the &#8220;<font style="font-weight: bold;">Rights Agreement</font>&#8221;), by and between the Company and Issuer Direct Corporation, as rights agent (the &#8220;<font style="font-weight: bold;">Rights Agent</font>&#8221;).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Issuance of Rights</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Each holder of Common Shares as of the Record Date will receive a dividend of one Right per Common Share. One Right will
            also be issued with respect to (i) each Common Share that the holders of the Company&#8217;s prefunded warrants outstanding as of the close of business on the Record Date would be entitled to acquire upon complete exercise thereof (without regard to
            any limitations on exercise thereof) and (ii) each Common Share issued by the Company after the Record Date and prior to the Distribution Date (as defined in Section 2 below), and in certain circumstances, after the Distribution Date. New
            certificates (or, if uncertificated, the book entry account that evidences record ownership of such shares) for Common Shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Until the Distribution Date:</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9679;</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">the Rights will not be exercisable;</font></div>
          <table cellspacing="0" cellpadding="0" id="z164d6e7040cd4f2f8a9b046e1d27e3be" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">the Rights will be evidenced by the certificates for Common Shares and Prefunded Warrants (or, if uncertificated, by the book entry account that evidences record ownership of such Common Shares
                    or Prefunded Warrants) and not by separate rights certificates; and</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z2ad243cf8da24d839e4af466053f3cab" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">the Rights will be transferable by, and only in connection with, the transfer of Common Shares or Prefunded Warrants.</div>
                </td>
              </tr>

          </table>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Distribution Date; Exercise of Rights; Beneficial Ownership</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: normal; font-style: normal;">C-1</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights are not exercisable until the Distribution Date. As of and after the Distribution Date, the Rights will separate
            from the Common Shares and each Right will become exercisable to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.001 per share, of the Company (each whole share, a &#8220;<font style="font-weight: bold;">Preferred Share</font>&#8221;) at an initial purchase price of $59.00 per one one-thousandth of a Preferred Share (such purchase price, as may be adjusted from time to time, the &#8220;<font style="font-weight: bold;">Purchase
              Price</font>&#8221;). This portion of a Preferred Share would give the holder thereof approximately the same dividend, voting, and liquidation rights as would one Common Share.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The &#8220;<font style="font-weight: bold;">Distribution Date</font>&#8221; is the earlier of:</div>
          <table cellspacing="0" cellpadding="0" id="z83f79fbea68e4691b9fa4cf4b7d70743" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">the close of business on the tenth (10th) business day (or such later date as may be determined from time to time by action of a majority of the Board prior to the Distribution Date that would
                    otherwise have occurred) following the first date of public announcement that any person, together with such person&#8217;s Related Persons (as defined below) (other than the Company or certain related entities), has become the beneficial
                    owner of twelve percent (12.0%) or more of the then outstanding Common Shares (other than as a result of repurchases of Common Shares by the Company, certain stock option or restricted stock grants by the Company or the exercise or
                    conversion thereof, certain inadvertent acquisitions or purchases of Common Shares directly from the Company) (such person, an &#8220;<font style="font-weight: bold;">Acquiring Person</font>&#8221;) or that discloses information which reveals the
                    existence of an Acquiring Person; <u>provided</u>, <u>however</u>, that stockholders who beneficially own twelve percent (12.0%) or more of the outstanding Common Shares as of the time immediately prior to the first public
                    announcement by the Company of the adoption of the Rights Agreement (including any Common Shares beneficial ownership of which is acquired on the date of such announcement pursuant to orders placed prior to such announcement), will not
                    be considered an Acquiring Person unless and until such stockholder or any of its Related Persons acquires, without the prior approval of the Board, beneficial ownership of any additional Common Shares, subject to certain exceptions
                    (such date being the <font style="font-weight: bold;">&#8220;Shares Acquisition Date</font>&#8221;); and</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z863159383b904a849f594a0be1090d42" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">the close of business on the tenth (10th) business day (or such later date as a majority of the Board shall determine prior to the Distribution Date that would otherwise have occurred) after
                    the date of the commencement of, or first public announcement of the intent of any person (other than the Company or certain related entities) to commence (within the meaning of Rule 14d-2(a) of the General Rules and Regulations under
                    the U.S. Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold;">Exchange Act</font>&#8221;)), a tender or exchange offer that, if successfully completed, would result in such person becoming an Acquiring Person;<font style="font-style: italic;">&#160;</font><u>provided</u>,<u> however</u>, that if a tender or exchange offer is terminated prior to the occurrence of a Distribution Date, then no Distribution Date shall occur as a result of such tender or
                    exchange offer.</div>
                </td>
              </tr>

          </table>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">A person will be deemed to &#8220;<font style="font-weight: bold;">beneficially own</font>&#8221; any Common Shares if such person or
            any Related Person:</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: normal; font-style: normal;">C-2</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" id="zfa20670c4f584eb0a2fae9aee4125e76" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">is considered a &#8220;beneficial owner&#8221; of the Common Shares under Rule 13d-3 of the General Rules and Regulations under the Exchange Act;</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zfa737e2724434b738d396091615aeda0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">has the right to acquire the Common Shares, either immediately or in the future, pursuant to any agreement, arrangement, or understanding (other than a customary underwriting agreement relating
                    to a bona fide public offering of the Common Shares) or upon the exercise of conversion rights, exchange rights, rights, warrants or options, or otherwise, except that a person will not be deemed to be a beneficial owner of (a) Common
                    Shares tendered pursuant to a tender offer or exchange offer by or on behalf of such person or any affiliated or associated persons of such person until the tendered Common Shares are accepted for purchase or exchange, (b) securities
                    issuable upon exercise of a Right before the occurrence of a Triggering Event (as defined in Section 5 below), or (c) securities issuable upon exercise of a Right after the occurrence of a Triggering Event if the Rights are originally
                    issued Rights or were issued in connection with an adjustment to originally issued Rights;</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z7fedf246b4e043e09355e5c817b8dcf8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">has the right to vote or dispose of the Common Shares pursuant to any agreement, arrangement, or understanding (other than a right to vote arising from the granting of a revocable proxy or
                    consent); or</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z7d6f667ba04444f89579957ad7fdc9a5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

              <tr>
                <td style="width: 36pt;"><br>
                </td>
                <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#9679;</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-family: 'Times New Roman';">has an agreement, arrangement, or understanding with another person who beneficially owns Common Shares and the agreement, arrangement, or understanding is for the purpose of acquiring,
                    holding, voting, or disposing of any securities of the Company (other than customary underwriting agreements relating to a bona fide public offering of Common Shares or a right to vote arising from the granting of a revocable proxy or
                    consent).</div>
                </td>
              </tr>

          </table>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">In addition, a Person will be deemed to Beneficially Own any Common Shares of any other person or group with which such
            Person is &#8220;Acting in Concert&#8221; (as defined in the Rights Agreement).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">For purposes of the Rights Agreement, a &#8220;<font style="font-weight: bold;">Related Person</font>&#8221; means, as to any person,
            any Affiliates or Associates of such person.&#160; For purposes of the Rights Agreement, &#8220;Affiliate&#8221; and &#8220;Associate&#8221; have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Exchange Act.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Certain synthetic interests in securities created by derivative positions &#8212; whether or not such interests are considered to
            be ownership of the underlying Common Shares or are reportable for purposes of Regulation 13D of the Exchange Act &#8212; are treated as beneficial ownership of the number of Common Shares specified in the documentation evidencing the derivative
            position as being subject to being acquired upon the exercise or settlement of the derivative position or as the basis upon which the value or settlement amount of such derivative position is to be calculated in whole or in part.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Issuance of Rights Certificates</font></div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: normal; font-style: normal;">C-3</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">As soon as practicable after the Distribution Date, the Rights Agent will mail rights certificates to holders of record of
            the Common Shares as of the close of business on the Distribution Date and, thereafter, the separate rights certificates alone will evidence the Rights.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Expiration of Rights</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights will expire on the earliest of (a) 5:00 p.m., New York City time, on March 28, 2024, or such later date as may
            be established by the Board as long as the extension is submitted to the stockholders of the Company for ratification at the next annual meeting of stockholders succeeding such extension, (b) the time at which the Rights are redeemed (as
            described in Section 7 below), and (c) the time at which the Rights are exchanged in full (as described in Section 8 below).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Change of Exercise of Rights Following Certain Events</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The following described events are referred to as &#8220;<font style="font-weight: bold;">Triggering Events</font>.&#8221;</div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-weight: bold;">&#8220;Flip-In&#8221; Event</font>. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon
              exercise, Common Shares (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding the foregoing, following the occurrence of a person becoming
              an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void. However, Rights are not
              exercisable following the occurrence of a person becoming an Acquiring Person until such time as the Rights are no longer redeemable by the Company as set forth in Section 7 below.</font></div>
          <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-weight: bold;">Flip-Over&#8221; Events</font>. In the event that, at any time after a person has become an Acquiring Person, (i) the Company engages in a merger or other
              business combination transaction in which the Company is not the continuing or surviving corporation or other entity, (ii) the Company engages in a merger or other business combination transaction in which the Company is the continuing or
              surviving corporation and the Common Shares of the Company are changed or exchanged, or (iii) fifty percent (50%) or more of the Company&#8217;s assets or earning power is sold or transferred, each holder of a Right (except Rights that have
              previously become null and void as set forth above) shall thereafter have the right to receive, upon exercise, common shares of the acquiring company having a value equal to two times the Purchase Price.</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Qualifying Offer</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">If the Company receives a &#8220;<font style="font-weight: bold;">Qualifying Offer</font>&#8221; (as defined in the Rights Agreement)
            that has not been terminated and continues to be a Qualifying Offer for the period hereinafter described and the Board has not redeemed the outstanding Rights, exempted such Qualifying Offer from the terms of the Rights Agreement or called a
            special meeting for stockholders to vote on whether to exempt the Qualifying Offer from the terms of the Rights Agreement within ninety (90) business days following the commencement of such Qualifying Offer, and if, within ninety (90) to one
            hundred twenty (120) business days following commencement of such Qualifying Offer, the Company receives a notice in compliance with the Rights Agreement from holders of record (or their duly authorized proxy) of at least ten percent (10.0%) of
            the Common Shares (excluding</div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: normal; font-style: normal;">C-4</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">shares beneficially owned by the offeror and its Affiliates and Associates) requesting a special meeting of the Company&#8217;s stockholders to vote
            on a resolution to exempt the Qualifying Offer (the &#8220;<font style="font-weight: bold;">Qualifying Offer Resolution</font>&#8221;) from the terms of the Rights Agreement, then the Board must call and hold such a special meeting (the &#8220;<font style="font-weight: bold;">Special Meeting</font>&#8221;) by the ninetieth (90th) business day following receipt of the stockholder notice (the &#8220;<font style="font-weight: bold;">Outside Meeting Date</font>&#8221;); <u>provided</u>, that such stockholder
            vote may be held at an annual meeting of the stockholders if such annual meeting is to be convened on or prior to the Outside Meeting Date.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">If prior to holding a vote on the Qualifying Offer Resolution at the Special Meeting, the Company enters into an agreement
            conditioned on the approval by holders of a majority of the outstanding Common Shares with respect to a share exchange, one-step merger, tender offer and back-end merger, consolidation, recapitalization, reorganization, business combination or
            a similar transaction involving the Company or the direct or indirect acquisition of fifty percent (50%) or more of the Company&#8217;s consolidated total assets or earning power, the Outside Meeting Date may be extended by the Board of Directors so
            that stockholders vote on whether to exempt the qualifying offer at the same time as they vote on such agreement.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">If the Board does not hold the Special Meeting by the Outside Meeting Date to vote on the exemption of the Qualifying
            Offer, the Qualifying Offer will be deemed exempt from the Rights Agreement ten (10) business days after the Outside Meeting Date. If the Board does hold a Special Meeting and stockholders vote at such meeting in favor of exempting the
            Qualifying Offer from the terms of the Rights Agreement, the Qualifying Offer will be deemed exempt from the Rights Agreement ten (10) business days after the votes are certified as official by the inspector of elections.</div>
          <div style="text-align: justify; margin-bottom: 12pt;"><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;A &#8220;<font style="font-weight: bold;">Qualifying Offer</font>,&#8221; in summary terms, <font style="color: #000000;">is an offer determined by a majority of the independent members of the Board (as such independence is determined by the Board in accordance with the listing
                rules of the Nasdaq) to have the following characteristics, among others, which are generally intended to preclude offers that are coercive, abusive or highly contingent:</font></font></div>
          <div>
            <table cellspacing="0" cellpadding="0" id="z937fbf029b334eb982161ecba81a4d1f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">is a fully financed, all cash tender offer for all of the outstanding Common Shares, or an exchange offer offering shares of common stock of the offeror, or a combination
                      thereof, in each such case for any and all of the outstanding Common Shares (whether such shares are outstanding at the commencement of the offer or become outstanding thereafter upon the exercise or conversion of options or other
                      securities that are outstanding at the commencement of the offer) at the same per share consideration;</div>
                  </td>
                </tr>

            </table>
            <table cellspacing="0" cellpadding="0" id="z4c185d54d10948faba1bb5d8d7c8ef33" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">an offer that has commenced within the meaning of Rule 14d&#8211;2(a) under the Exchange Act;</div>
                  </td>
                </tr>

            </table>
            <table cellspacing="0" cellpadding="0" id="za2cd13f666784db99d2caa18d2beacbe" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="font-family: 'Times New Roman';">an offer that is subject to only the Minimum Tender Condition (as defined below) and other customary terms and conditions, which conditions shall not include any financing, funding or similar
                      conditions or any requirements with respect to the offeror or its agents or any Person being permitted any due diligence with respect to the books, records, management, accountants or other outside advisors of the Company;</div>
                  </td>
                </tr>

            </table>
            <div><br>
            </div>
          </div>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: normal; font-style: normal;">C-5</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" id="z6e72afb22ff8485999354ba1a8dc3516" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">an offer pursuant to which the Company has received an irrevocable written commitment of the offeror that the offer will remain open until at least the latest of (A) the date
                      the Board redeems the outstanding Rights; (B) if a Special Meeting is not duly requested in accordance with Section 23 of the Rights Agreement (or is duly requested in accordance with Section 23 of the Rights Agreement and is
                      withdrawn within sixty (60) days following the end of the Board Evaluation Period), sixty (60) days following the end of the Board Evaluation Period; and (C) if a Special Meeting is duly requested in accordance with Section 23(c) of
                      the Rights Agreement, ten (10) days after the date of such Special Meeting or, if no Special Meeting is held within the Special Meeting Period, ten (10) days following the last day of such Special Meeting Period;</div>
                  </td>
                </tr>

            </table>
            <table cellspacing="0" cellpadding="0" id="zf27f0f173211405399c8f59b15c3b028" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">an offer that is conditioned on a minimum of at least a majority of (A) the outstanding Common Shares on a fully diluted basis and (B) the outstanding Common Shares not held
                      by the Person making such offer (and such Person&#8217;s Related Persons) being tendered and not withdrawn as of the offer&#8217;s expiration date, which condition shall not be waivable (the &#8220;<font style="font-weight: bold;">Minimum Tender
                        Condition</font>&#8221;);</div>
                  </td>
                </tr>

            </table>
            <table cellspacing="0" cellpadding="0" id="z940fb0e8be0c45b491f4ff10b31ed5dc" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">an offer pursuant to which the Company and its stockholders have received an irrevocable written commitment of the offeror that no amendments will be made to the offer to
                      reduce the consideration being offered or to otherwise change the terms of the offer in a way that is adverse to a tendering stockholder (other than extensions of the offer consistent with the terms hereof);</div>
                  </td>
                </tr>

            </table>
            <table cellspacing="0" cellpadding="0" id="z6bae3985bad84feaafdbc20f5cdccd29" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
                  <td style="width: 36pt;"><br>
                  </td>
                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">if the offer includes shares of common stock of the offeror, an offer pursuant to which (A) the offeror shall permit representatives of the Company (including a nationally
                      recognized investment banking firm retained by the Board and legal counsel and an accounting firm designated by the Company) to have access to such offeror&#8217;s books, records, management, accountants, financial advisors, counsel and any
                      other appropriate outside advisers for the purposes of permitting such representatives to conduct a due diligence review of the offeror in order to permit the Board to evaluate the offer and make an informed decision and, if requested
                      by the Board, to permit such investment banking firm (relying as appropriate on the advice of such legal counsel) to be able to render an opinion to the Board with respect to whether the consideration being offered to the stockholders
                      of the Company is fair from a financial point of view, and (B) within ten (10) Business Days after such representatives of the Company (including a nationally-recognized investment banking firm retained by the Board and legal counsel
                      and an accounting firm designated by the Company) shall have notified the Company and the offeror that they had completed such due diligence review to their satisfaction (or, following completion of such due diligence review, within
                      ten (10) Business Days after any increase in the consideration being offered), such investment banking firm does not render an opinion to the Board of the Company that the consideration being offered to the stockholders of the Company
                      is either unfair or inadequate and such investment banking firm does not, after the expiration of such ten (10) Business Day period, render an opinion to the Board that the consideration being offered to the stockholders of the
                      Company has become either unfair or inadequate based on a subsequent disclosure or discovery of a development or developments that have had or are reasonably likely to have an adverse effect on the value of the common</div>
                  </td>
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            </table>
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            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-family: 'Times New Roman',Times,serif; font-size: 8pt; font-weight: normal; font-style: normal;">C-6</font></div>
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            <div style="text-align: justify; margin-left: 54pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">stock of the offeror;</div>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" id="zf17b2dc7a25b44579b6885ea322f2d1a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

                <tr>
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                  <td style="width: 18pt; vertical-align: top; color: #000000; font-family: 'Times New Roman';">&#8226;</td>
                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">an offer (other than an offer consisting solely of cash consideration) pursuant to which the Company has received the written representation and certification of the offeror
                      and the written representations and certifications of the offeror&#8217;s Chief Executive Officer and Chief Financial Officer, acting in such capacities, that (A) all facts about the offeror that would be material to making an investor&#8217;s
                      decision to accept the offer have been fully and accurately disclosed as of the date of the commencement of the offer within the meaning of Rule 14d-2(a) under the Exchange Act, (B) all such new facts will be fully and accurately
                      disclosed on a prompt basis during the entire period during which the offer remains open, and (C) all required Exchange Act reports will be filed by the offeror in a timely manner during such period; and</div>
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                  <td style="width: auto; vertical-align: top; text-align: justify;">
                    <div style="color: #000000; font-family: 'Times New Roman';">an offer that is otherwise in the best interests of the Company and its stockholders.</div>
                  </td>
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            </table>
            <div><br>
            </div>
          </div>
          <div>
            <div style="text-align: justify; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">As discussed in the Rights Agreement, additional requirements apply to offers not consisting solely of cash consideration.
              Notwithstanding the inclusion of a Qualifying Offer provision in the Rights Agreement, the Board reserves the right to reject any Qualifying Offer or any other tender or exchange offer or other acquisition proposal, or take any other action
              with respect to any Qualifying Offer or any tender or exchange offer or other acquisition proposal that the Board believes is necessary or appropriate in the exercise of its fiduciary duties.</div>
            <div><br>
            </div>
          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Redemption</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">At any time until ten (10) business days following the Shares Acquisition Date (as defined in Section 2 above), the Board
            may direct the Company to redeem the Rights in whole, but not in part, at a price of $0.001 per Right (payable in cash, Common Shares, or other consideration deemed appropriate by the Board). Immediately upon the action of the Board directing
            the Company to redeem the Rights, the Rights will terminate and the only right of the holders of Rights will be to receive the $0.001 redemption price.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">8.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Exchange of Rights</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">At any time after a person becomes an Acquiring Person, but before such person acquires beneficial ownership of fifty
            percent (50%) or more of the outstanding Common Shares, the Board may direct the Company to exchange the Rights (other than Rights owned by such person or certain related parties, which will have become null and void), in whole or in part, at
            an exchange ratio of one Common Share per Right (subject to adjustment). The Company may substitute Preferred Shares (or shares of a class or series of the Company&#8217;s preferred stock having equivalent rights, preferences, and privileges) for
            Common Shares at an initial rate of one one-thousandth of a Preferred Share (or of a share of a class or series of the Company&#8217;s preferred stock having equivalent rights, preferences, and privileges) per Common Share. Immediately upon the
            action of the Board directing the Company to exchange the Rights, the Rights will terminate and the only right of the holders of Rights will be to receive the number of Common Shares (or one one-thousandth of a Preferred Share or of a share of
            a class or series of the Company&#8217;s preferred stock having equivalent rights, preferences, and privileges) equal to the number of Rights held by such holder multiplied by the exchange ratio; <u>provided</u>, <u>however</u>, that in connection
            with any exchange,</div>
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          <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">no holder of Rights shall be entitled to receive Common Shares (or other shares of capital stock of the Company) that would result in such
            holder, together with such holder&#8217;s affiliates and associates, becoming the beneficial owner of more than twelve percent (12.0%) of the then-outstanding Common Shares.&#160; If a holder would, but for the immediately preceding sentence, be entitled
            to receive a number of shares that would otherwise result in such holder, together with such holder&#8217;s affiliates and associates, becoming the beneficial owner of in excess of twelve percent (12.0%) of the then-outstanding Common Shares (such
            shares, the &#8220;<u>Excess Shares</u>&#8221;), then in lieu of receiving such Excess Shares and to the extent permitted by law or orders applicable to the Company, such holder will only be entitled to receive an amount in cash or, at the election of the
            Company, a note or other evidence of indebtedness maturing within twelve (12) months with a principal amount, equal to the current per share current market price of a share of Common Shares at the close of business on the trading day following
            the date of exercise multiplied by the number of Excess Shares that would otherwise have been issuable to such holder.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">9.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Adjustments to Prevent Dilution; Fractional Shares</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Board may adjust the Purchase Price, the number of Preferred Shares or other securities or assets issuable upon
            exercise of a Right, and the number of Rights outstanding to prevent dilution that may occur (a) in the event of a stock dividend on, or a subdivision, combination, or reclassification of, the Preferred Shares, (b) in the event of a stock
            dividend on, or a subdivision or combination of, the Common Shares, (c) if holders of the Preferred Shares are granted certain rights, options, or warrants to subscribe for Preferred Shares or convertible securities at less than the current
            market price of the Preferred Shares, or (d) upon the distribution to holders of the Preferred Shares of evidences of indebtedness or assets (excluding regular periodic cash dividends) or of subscription rights or warrants (other than those
            referred to above).</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments amount to at
            least one percent (1%) of the Purchase Price. No fractional Preferred Shares will be issued (other than fractions that are integral multiples of one one-thousandth of a Preferred Share), and in lieu thereof, an adjustment in cash may be made
            based on the market price of the Preferred Shares on the last trading date prior to the date of exercise.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">10.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">No Stockholder Rights Prior to Exercise; Tax Considerations</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including,
            without limitation, the right to vote or to receive dividends. While the distribution of the Rights should not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstances then existing, recognize taxable
            income in the event that the Rights become exercisable for Common Shares (or other consideration) of the Company or for common shares of the acquiring company or in the event of the redemption of the Rights as set forth in Section 7 above.</div>
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          </div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">11.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Amendment of the Rights Agreement</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Company (by action of the Board) may supplement or amend any provision of the Rights Agreement in order to (a) cure any
            ambiguity, (b) correct or supplement any provision contained in the Rights Agreement that may be defective or inconsistent with other provisions of the Rights Agreement, (c) shorten or lengthen any time period under the Rights Agreement, or (d)
            make any other provisions with respect to the Rights that the Company deems necessary or desirable; <u>provided</u>, <u>however</u>, that no supplement or amendment made after the Distribution Date may adversely affect the interests of the
            registered holders of rights certificates (other than an Acquiring Person or any affiliates or associates of an Acquiring Person). Without limiting the foregoing, the Company may at any time before any person becomes an Acquiring Person amend
            the Rights Agreement to make the provisions of the Rights Agreement inapplicable to a particular transaction by which a person might otherwise become an Acquiring Person or to otherwise alter the terms and conditions of the Rights Agreement as
            they may apply with respect to any such provision.</div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">12.</font><font class="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Availability of Rights Agreement</font></div>
          <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Company intends to file, on March 28, 2023, a copy of the Rights Agreement with the U.S. Securities and Exchange
            Commission as an exhibit to a Current Report on Form 8-K. In addition, a copy of the Rights Agreement will be available free of charge from the Company. This summary description of the Rights does not purport to be complete and is qualified in
            its entirety by reference to the complete text of the Rights Agreement, which is incorporated by reference in this summary description.</div>
        </div>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div><br>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TURTLE BEACH CORPORATION ADOPTS</div>
      <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">LIMITED DURATION STOCKHOLDER RIGHTS PLAN</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">WHITE PLAINS, NY &#8211; March 28, 2023 &#8211; Turtle Beach Corporation (Nasdaq: HEAR, the &#8220;Company&#8221;), a leading gaming headset and audio accessory brand,
        today announced that its Board of Directors (the &#8220;Board&#8221;) has approved the adoption of a limited duration stockholder rights plan (the &#8220;Rights Plan&#8221;) and declared a dividend distribution of one right (&#8220;Right&#8221;) for each outstanding share of common
        stock. The record date for such dividend distribution is April 10, 2023.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The adoption of the Rights Plan is intended to enable all stockholders to realize the full potential value of their investment in the Company and
        protect the Company and its stockholders from the actions of third parties that the Board determines are not in the best interests of the Company and its stockholders. In addition, the Rights Plan provides the Board with time to make informed,
        deliberate decisions that are in the best long-term interests of the Company and its stockholders. The Rights Plan will expire on March 28, 2024.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights Plan is similar to stockholder rights plans adopted by other publicly-held companies. Under the Rights Plan, the Rights generally would
        become exercisable only if a person or group acquires beneficial ownership of 12% or more of the Company&#8217;s common stock in a transaction not approved by the Board. In that situation, each holder of a Right (other than the acquiring person or group,
        whose Rights will become void and will not be exercisable) will be able to purchase, upon payment of the then-current exercise price, a number of shares of the Company&#8217;s common stock having a market value of twice such price. In addition, if the
        Company is acquired in a merger or other business combination after an acquiring person acquires 12% or more of the Company&#8217;s common stock, each holder of the Right would thereafter be able to purchase, upon payment of the then-current exercise
        price, a number of shares of common stock of the acquiring company having a market value of twice such price. The acquiring person or group would not be entitled to exercise these Rights.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights Plan includes a qualifying offer clause, which provides stockholders with the potential ability to call a special meeting for purposes
        of exempting a pending offer that meets certain qualifying criteria.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">The Rights Plan has not been adopted in response to any specific takeover bid or other proposal to acquire control of the Company and is not
        intended to deter offers that are fair and otherwise in the best interests of the Company and its stockholders.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Stockholders who currently beneficially own 12% or more of the Company&#8217;s outstanding common stock will not trigger any penalties under the Rights
        Plan so long as they do not acquire beneficial ownership of any additional shares of common stock on a cumulative basis, subject to certain exceptions as described in the Rights Plan.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Further details of the Rights Plan will be contained in a Current Report on Form 8-K that the Company will file with the U.S. Securities and
        Exchange Commission (the &#8220;SEC&#8221;).</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Dechert LLP and Vinson &amp; Elkins L.L.P. are serving as legal advisors to the Company. BofA</div>
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      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Securities is serving as financial advisor to the Company.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">This press release may include forward-looking information and statements within the meaning of the federal securities laws. Except for historical
        information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Statements containing the words &#8220;may&#8221;,
        &#8220;could&#8221;, &#8220;would&#8221;, &#8220;should&#8221;, &#8220;believe&#8221;, &#8220;expect&#8221;, &#8220;anticipate&#8221;, &#8220;plan&#8221;, &#8220;estimate&#8221;, &#8220;target&#8221;, &#8220;goal&#8221;, &#8220;project&#8221;, &#8220;intend&#8221; and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements in this
        press release may include, but are not limited to, the statements regarding the anticipated benefits and expected consequences of the Rights Plan that the Company has adopted. Forward-looking statements involve known and unknown risks and
        uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management&#8217;s current beliefs and expectations, as well as assumptions made by, and
        information currently available to, management.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy
        will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these
        factors include, but are not limited to, the effectiveness of the Rights Plan in (i) preventing a third party from taking advantage of the onset of adverse market conditions or recent and potential short-term declines in the Company&#8217;s share price
        to acquire actual or effective control, in the open market or otherwise, of the Company&#8217;s common stock without paying a price that reflects the Company&#8217;s intrinsic value or long-term prospects, or (ii) providing the Board with an increased period
        of time to evaluate the adequacy of an acquisition offer, investigate alternatives, solicit competitive proposals, or take other steps necessary to maximize value for the benefit of all the Company&#8217;s stockholders. Other potential risk factors
        include the risk factors discussed under the heading &#8220;Risk Factors&#8221; under Item 1A of Part I of the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and the Company&#8217;s other periodic reports filed with the SEC. Except
        as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release
        whether as a result of new information, future developments or otherwise.</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Important Additional Information</div>
      <div>
        <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company&#8217;s stockholders in connection with
          its upcoming 2023 Annual Meeting of Stockholders (the &#8220;2023 Annual Meeting&#8221;). The Company intends to file a definitive proxy statement and a&#160;<font style="font-weight: bold;">WHITE</font>&#160;proxy card with the SEC in connection with any such
          solicitation of proxies from the Company&#8217;s stockholders.&#160;<font style="font-weight: bold;">STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING <u>WHITE</u> PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH
            THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME</font></div>
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        <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-weight: bold;">AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.</font>&#160;The Company&#8217;s definitive proxy statement for the 2022 Annual Meeting of
          Stockholders contains information regarding the direct and indirect interests, by security holdings or otherwise, of the Company&#8217;s directors and executive officers in the Company&#8217;s securities. Information regarding subsequent changes to their
          holdings of the Company&#8217;s securities can be found in the SEC filings on Forms 3, 4 and 5, which are available on the Company&#8217;s website at https://corp.turtlebeach.com/ or through the SEC&#8217;s website at www.sec.gov. Information can also be found in
          the Company&#8217;s other SEC filings, including its Annual Report on Form&#160;10-K for the year ended December&#160;31, 2021. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or
          otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the 2023 Annual Meeting. Stockholders will be able to obtain the definitive proxy statement, any amendments or
          supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC&#8217;s website at www.sec.gov. Copies will also be available at no charge on the Company&#8217;s website at https://corp.turtlebeach.com/.</div>
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">About Turtle Beach Corporation</div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;">Turtle Beach Corporation (<u>corp.turtlebeach.com</u>) is one of the world&#8217;s leading gaming accessory providers. The Company&#8217;s namesake Turtle
        Beach brand (<u>www.turtlebeach.com</u>) is known for designing best-selling gaming headsets, top-rated game controllers, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all
        types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach&#8217;s ROCCAT brand (<u>www.roccat.com</u>) combines detail-loving German
        innovation with a genuine passion for designing the best PC gaming products, including award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach&#8217;s shares are traded on the Nasdaq Exchange under the symbol: &#8220;HEAR&#8221;.</div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman'; font-size: 10pt;"># # #</div>
      <div>
        <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><u>For&#160;Investor&#160;Information,&#160;Contact:</u></div>
      </div>
      <div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Cody Slach or Alex Thompson</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Gateway Investor Relations<br>
          949.574.3860<br>
          HEAR@gatewayir.com</div>
        <div><br>
        </div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"><u>For&#160;Media&#160;Information,&#160;Contact:</u></div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">MacLean Marshall</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Sr. Director, Public Relations &amp; Brand Communications</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Turtle Beach Corporation</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">858.914.5093</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">maclean.marshall@turtlebeach.com</div>
      </div>
      <div style="margin-bottom: 12pt;"><br>
      </div>
      <br>
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