<SEC-DOCUMENT>0001683168-20-002206.txt : 20200710
<SEC-HEADER>0001683168-20-002206.hdr.sgml : 20200710
<ACCEPTANCE-DATETIME>20200707163219
ACCESSION NUMBER:		0001683168-20-002206
CONFORMED SUBMISSION TYPE:	S-3ASR
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20200702
DATE AS OF CHANGE:		20200707
EFFECTIVENESS DATE:		20200707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INSEEGO CORP.
		CENTRAL INDEX KEY:			0001022652
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				813377646
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-239728
		FILM NUMBER:		201016394

	BUSINESS ADDRESS:	
		STREET 1:		9710 SCRANTON ROAD
		STREET 2:		SUITE 200
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
		BUSINESS PHONE:		8588123400

	MAIL ADDRESS:	
		STREET 1:		9710 SCRANTON ROAD
		STREET 2:		SUITE 200
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NOVATEL WIRELESS INC
		DATE OF NAME CHANGE:	20000726
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3ASR
<SEQUENCE>1
<FILENAME>inseego_s3asr.htm
<DESCRIPTION>FORM S-3 AUTOMATIC SHELF REGISTRATION STATEMENT
<TEXT>
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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><A HREF="#toc"><FONT STYLE="font-size: 7pt">Table of Contents</FONT></A></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on July 2, 2020</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>

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

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

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;S-3</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>THE SECURITIES ACT OF&nbsp;1933</I></B></P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
<TR>
    <TD STYLE="width: 51%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 9pt"><B>81-3377646</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>(State
        or other jurisdiction of</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>incorporation
        or organization)</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>(I.R.S.
        Employer</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Identification
        Number)</B></FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>12600 Deerfield
Parkway, Suite 100</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>Alpharetta,
Georgia 30004</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>(858) 812-3400</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address, including zip code, and telephone
number, including area code, of registrant&rsquo;s principal executive offices)</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>Stephen
Smith</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>Executive
Vice President and Chief Financial Officer</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>Inseego
Corp.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>9710 Scranton
Road, Suite 200</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>San Diego,
California 92121</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>(858) 812-3400</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, address, including zip code, and
telephone number, including area code, of agent for service)</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B><I>Copy
To:</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>Teri O&rsquo;Brien,
Esq.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>Paul Hastings
LLP</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>4747 Executive
Drive, 12th Floor</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>San Diego,
California&nbsp;92121</B></FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>From time
to time after the effective date of this Registration Statement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>(Approximate
date of commencement of proposed sale to the public)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 4pt"><FONT STYLE="font-size: 9pt">If the only securities being registered
on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt"><FONT STYLE="font-size: 9pt">If any of the securities being
registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415 under the Securities Act
of&nbsp;1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following
box.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt"><FONT STYLE="font-size: 9pt">If this Form is filed to register
additional securities for an offering pursuant to Rule&nbsp;462(b)&nbsp;under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt"><FONT STYLE="font-size: 9pt">If this Form is a post-effective
amendment filed pursuant to Rule&nbsp;462(c)&nbsp;under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt"><FONT STYLE="font-size: 9pt">If this Form is a registration
statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with
the Commission pursuant to Rule&nbsp;462(e)&nbsp;under the Securities Act, check the following box.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt"><FONT STYLE="font-size: 9pt">If this Form is a post-effective
amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional
classes of securities pursuant to Rule&nbsp;413(b)&nbsp;under the Securities Act, check the following box.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt"><FONT STYLE="font-size: 9pt">Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an
emerging growth company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller
reporting company&rdquo; and &ldquo;emerging growth company&rdquo; in Rule&nbsp;12b-2 of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 59%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 18%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">Large&nbsp;accelerated&nbsp;filer</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">Accelerated&nbsp;filer</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">&#9746;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">Non-accelerated filer</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">Smaller&nbsp;reporting&nbsp;company</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">&#9746;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">Emerging growth company</FONT></TD>
    <TD><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">&#9744;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0pt"><FONT STYLE="font-size: 9pt">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&nbsp;7(a)(2)(B) of Securities Act.&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-size: 9pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>CALCULATION
OF REGISTRATION FEE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; width: 33%; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 17%; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 19%; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 14%; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.05pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Amount</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Proposed</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Proposed</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Title
    of each class of</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>maximum</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>maximum</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Amount
    of</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.05pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>to
    be</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>offering
    price</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>aggregate</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 46pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>securities
    to be registered</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>registered(1)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>per
    unit</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>offering
    price</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>registration
    fee</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">3.25%
    convertible senior notes due 2025</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt">$80,000,000
    (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 4pt"><FONT STYLE="font-size: 9pt">100%
    of principal amount</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt">$80,000,000</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 9pt">$10,384(2)(3)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid"><FONT STYLE="font-size: 9pt">Common stock, $0.001 par value
    per share,</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 9pt"><FONT STYLE="font-size: 9pt">including
    related rights to purchase Series D</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 9pt">7,611,791
    (5)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; padding-left: 0.15pt; text-align: center"><FONT STYLE="font-size: 9pt">&mdash;
    (5)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 9pt">&mdash;
    (5)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 9pt">&mdash; (6)</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 9pt"><FONT STYLE="font-size: 9pt">Preferred
    Stock (4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.8pt"></TD><TD STYLE="width: 21.2pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Represents
                                         the aggregate principal amount of 3.25% convertible senior notes due 2025 (the &ldquo;notes&rdquo;)
                                         registered pursuant to this registration statement, which are to be offered by the selling
                                         securityholders named herein.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5.8pt"></TD><TD STYLE="width: 21.2pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 27pt"><FONT STYLE="font-size: 10pt">Calculated
                                         pursuant to Rule 457(o) under the Securities Act of 1933, as amended (the &ldquo;Securities
                                         Act&rdquo;).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5.8pt"></TD><TD STYLE="width: 21.2pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD><TD><FONT STYLE="font-size: 10pt">A
                                         filing fee of $10,384 was previously paid in connection with the registrant&rsquo;s July
                                         2, 2020 filing of a registration statement on Form S-3 (File No. 333-239668), which filing
                                         was subsequently withdrawn on July 7, 2020. In accordance with Rule 457(p) of the Securities
                                         Act, such previously paid filing fee will offset in its entirety the filing fee currently
                                         due pursuant to this registration statement.</FONT></TD></TR>                                                                                                  <TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">(4)</FONT></TD><TD><FONT STYLE="font-size: 10pt">Each share of the registrant&rsquo;s common stock registered hereunder,
                           if issued prior to the termination of the registrant&rsquo;s rights agreement, dated as of January
                           22, 2018, between the registrant and the rights agent named therein, includes Series D preferred stock
                           purchase rights (the &ldquo;Rights&rdquo;). Prior to the occurrence of certain events, the Rights will
                           not be exercisable or evidenced separately from the registrant&rsquo;s common stock. The Rights have
                           no value except as reflected in the market price of the shares of the registrant&rsquo;s common stock
                           to which they are attached, and can be transferred only with the shares of the registrant&rsquo;s common
                           stock to which they are attached.</FONT></TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.8pt"></TD><TD STYLE="width: 21.2pt"><FONT STYLE="font-size: 10pt">(5)</FONT></TD><TD STYLE="padding-right: 3pt"><FONT STYLE="font-size: 10pt">Represents
                                         the maximum aggregate number of shares of the registrant&rsquo;s common stock issuable
                                         upon conversion of the notes registered hereby at a conversion rate corresponding to
                                         the maximum conversion rate of 95.1474 shares of the registrant&rsquo;s common stock
                                         per $1,000 principal amount of the notes. Pursuant to Rule 416 under the Securities Act,
                                         the amount of shares of the registrant&rsquo;s common stock whose offer and sale is registered
                                         hereby includes an indeterminate number of shares of the registrant&rsquo;s common stock
                                         that may be issued in connection with stock splits, stock dividends, or similar transactions
                                         or pursuant to any anti-dilution provisions of the notes. No additional consideration
                                         is to be received by the registrant or the selling securityholders upon conversion of
                                         the notes.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5.8pt"></TD><TD STYLE="width: 21.2pt"><FONT STYLE="font-size: 10pt">(6)</FONT></TD><TD STYLE="padding-right: 6pt"><FONT STYLE="font-size: 10pt">Pursuant
                                         to Rule 457(i) under the Securities Act, no separate registration fee is required for
                                         the shares of the registrant&rsquo;s common stock issuable upon conversion of the notes
                                         because no additional consideration is to be received by the registrant or the selling
                                         securityholders upon conversion of the notes.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>&nbsp;</B></FONT></P>

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

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

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

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="logo.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$80,000,000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>3.25% Convertible Senior Notes due 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and Shares of Common Stock Issuable Upon
Conversion of the Notes</B></P>

<P STYLE="font: 4pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">This prospectus relates to the offer and
sale from time to time by the selling securityholders named herein of up to&nbsp;$80,000,000 aggregate principal amount of the
3.25% convertible senior notes due 2025 (the &ldquo;notes&rdquo;) of Inseego Corp., a Delaware corporation (the &ldquo;Company&rdquo;),
and up to <FONT STYLE="font-size: 10pt">7,611,791</FONT> shares of the Company&rsquo;s common stock, par value $0.001 per share
(the &ldquo;Common Stock&rdquo;), representing the maximum number of shares of Common Stock initially issuable upon conversion
of the notes held by the selling securityholders, plus such additional indeterminate number of shares of Common Stock as may become
issuable upon conversion of the notes by reason of adjustment of the conversion rate pursuant to the anti-dilution provisions
of the notes. The notes and shares of Common Stock may be sold from time to time by or on behalf of the selling securityholders
named in this prospectus or in supplements to this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">The notes will mature on May 1, 2025, unless
earlier repurchased, redeemed or converted. We will pay interest on the notes at an annual rate of 3.25%, payable semi-annually
in arrears on May 1 and November 1 of each year, beginning on November 1, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">Noteholders may convert their notes at
their option at any time until the close of business on the scheduled trading day immediately before the maturity date. Upon conversion
of the notes, we will deliver for each $1,000 principal amount of notes converted a number of shares of Common Stock (together
with cash in lieu of any fractional share) equal to the conversion rate. Consistent with our intent to preserve the availability
of our net operating loss (&ldquo;NOL&rdquo;) carryforwards under the Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;),
beneficial owners of the notes are subject to a conversion limitation, as described herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">The initial conversion rate is 79.2896
shares of Common Stock per $1,000 principal amount of notes (the &ldquo;Initial Conversion Rate&rdquo;), which represents an initial
conversion price of approximately $12.61 per share, and is subject to adjustment as described in this prospectus. If all of the
notes were converted into shares of Common Stock at the Initial Conversion Rate, we would issue 6,343,168 shares of Common Stock
to the selling securityholders. If a &ldquo;make-whole fundamental change&rdquo; (as defined in this prospectus) occurs, then
we will in certain circumstances increase the conversion rate for a specified period of time. Holders who convert their notes
may also be entitled to receive under certain circumstances an interest make-whole payment payable, at our election, in either
cash or shares of Common Stock (together with cash in lieu of any fractional share).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">The notes are redeemable, in whole or in
part, at our option at any time, and from time to time, on or after May 6, 2023 and on or before the scheduled trading day before
the maturity date, at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid
interest, if any, to, but excluding, the redemption date but only if the last reported sale price per share of Common Stock exceeds
130% of the conversion price on (a) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading
days ending on, and including, the trading day immediately before the date we send the related redemption notice; and (b) the
trading day immediately before the date we send such notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">If a &ldquo;fundamental change&rdquo; (as defined in this prospectus)
occurs at any time prior to the maturity date, then, except as described in this prospectus, noteholders may require us to repurchase
their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest,
if any, to, but excluding, the fundamental change repurchase date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">The notes are our general unsecured obligations
that: rank senior in right of payment to all of our indebtedness that is expressly subordinated in right of payment to the notes;
rank equal in right of payment with all of our indebtedness that is not so subordinated; effectively rank junior to any of our
secured indebtedness to the extent of the value of the assets securing such indebtedness; and rank structurally junior to all
indebtedness and other liabilities of our subsidiaries (including trade payables, but excluding intercompany obligations and liabilities
of a type not required to be reflected on a balance sheet of such subsidiaries in accordance with generally accepted accounting
principles, or GAAP).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">Our registration of the notes and shares
of Common Stock covered by this prospectus does not mean that the selling securityholders will offer or sell any of the notes
and shares of Common Stock. The selling securityholders may offer and sell or otherwise dispose of the notes and shares of Common
Stock described in this prospectus from time to time through public or private transactions at prevailing market prices, at prices
related to prevailing market prices or at privately negotiated prices. See &ldquo;<A HREF="#a9">Plan of Distribution</A>&rdquo;
beginning on page&nbsp;20 for more information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">We will not receive any of the proceeds
from the sale of notes and shares of Common Stock by the selling securityholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">The selling securityholders will pay all
underwriting discounts and selling commissions, if any, in connection with the sale of the notes and shares of Common Stock. We
have agreed to pay certain expenses in connection with this registration statement. As of the date of this prospectus, no underwriter
or other person has been engaged to facilitate the sale of the notes and shares of Common Stock by the selling securityholders
in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">No public market currently exists for the
notes, and we do not intend to apply to list the notes on any securities exchange or for quotation on any inter-dealer quotation
system. Our Common Stock is listed on The Nasdaq Global Select Market under the symbol &ldquo;INSG.&rdquo; On June 30, 2020, the
last reported sale price of Common Stock was $11.60 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in">You should read this prospectus, any applicable
prospectus supplement and any related free writing prospectus carefully before you invest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in"><B>Investing in our securities involves
a high degree of risk. You should carefully review the risks and uncertainties described under the heading &ldquo;<A HREF="#a6">Risk
Factors</A>&rdquo; beginning on page 9&nbsp;and contained under similar headings in the other documents that we incorporate by
reference into this prospectus.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 4pt; text-indent: 0.5in"><B>Neither the Securities and Exchange Commission nor any state securities commission has approved
or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary
is a criminal offense.</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><B>The
date of this prospectus is July 2, 2020.</B></FONT></P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 91%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">Page</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a1">ABOUT THIS PROSPECTUS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a2">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">2</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a3">TRADE NAMES, TRADEMARKS AND SERVICE MARKS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">2</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a4">PROSPECTUS SUMMARY</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">3</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a6">RISK FACTORS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">9</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a7">USE OF PROCEEDS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">17</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a8">THE SELLING SECURITYHOLDERS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">18</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a9">PLAN OF DISTRIBUTION</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">20</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a10">DESCRIPTION OF NOTES</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">22</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a11">DESCRIPTION OF CAPITAL STOCK</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">52</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a12">MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">58</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a13">LEGAL MATTERS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">65</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a14">EXPERTS</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">65</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a15">WHERE YOU CAN FIND ADDITIONAL INFORMATION</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">66</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><A HREF="#a16">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; vertical-align: bottom">66</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center"><A NAME="a1"></A><B>ABOUT THIS PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should rely only on the information
contained or incorporated by reference in this prospectus, any applicable prospectus supplement and any related free writing prospectus.
Neither we nor the selling securityholders have authorized anyone to provide you with information that is different from such information.
If anyone provides you with different or inconsistent information, you should not rely on it. The selling securityholders are offering
to sell notes and shares of Common Stock only in jurisdictions where offers and sales are permitted. You should assume that the
information contained in this prospectus, any applicable prospectus supplement or any related free writing prospectus is accurate
only as of the date on its cover page and that any information we have incorporated by reference is accurate only as of the date
of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of the notes and shares
of Common Stock. In case there are differences or inconsistencies between this prospectus and the information incorporated by reference,
you should rely on the information in the document with the latest date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The distribution of this prospectus
and the issuance of the notes and shares of Common Stock in certain jurisdictions may be restricted by law. Persons outside the
United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to,
the issuance of the notes and shares of Common Stock and the distribution of this prospectus outside the United States. This prospectus
does not constitute, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy, the notes
and shares of Common Stock offered by this prospectus by any person in any jurisdiction in which it is unlawful for such person
to make such an offer or solicitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">It is important for you to read
and consider all of the information contained in this prospectus in making your investment decision. To understand the offering
fully and for a more complete description of the offering you should read this entire document carefully, including particularly
the &ldquo;<A HREF="#a6">Risk Factors</A>&rdquo; section beginning on page&nbsp;9. You also should read and consider the information in the documents
to which we have referred you in the sections entitled &ldquo;Where You Can Find Additional Information&rdquo; and &ldquo;Incorporation
of Certain Information by Reference&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As used in this prospectus, unless
the context requires otherwise, the terms &ldquo;we&rdquo;, &ldquo;us&rdquo;, &ldquo;our&rdquo;, &ldquo;Inseego&rdquo; or &ldquo;the
Company&rdquo; refer to Inseego Corp., a Delaware corporation, and its wholly owned or indirect subsidiaries, and their predecessors.
References to the &ldquo;selling securityholders&rdquo; refer to the securityholders listed herein under &ldquo;<A HREF="#a8">The Selling Securityholders</A>&rdquo;
and their permitted transferees, donees, pledgees or other successors-in-interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center; text-indent: -1.1pt"><A NAME="a2"></A><B>CAUTIONARY
STATEMENT&nbsp;REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center; text-indent: -1.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus and the documents
incorporated by reference into this prospectus may contain forward-looking statements within the meaning of Section&nbsp;27A of
the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), and Section&nbsp;21E of the Securities Exchange Act
of&nbsp;1934, as amended (the &ldquo;Exchange Act&rdquo;), about the Company and its subsidiaries. These forward-looking statements
are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are not statements of historical fact, and can be identified by the use of forward-looking
terminology such as &ldquo;believes&rdquo;, &ldquo;expects&rdquo;, &ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;could&rdquo;,
&ldquo;should&rdquo;, &ldquo;projects&rdquo;, &ldquo;plans&rdquo;, &ldquo;goal&rdquo;, &ldquo;targets&rdquo;, &ldquo;potential&rdquo;,
&ldquo;estimates&rdquo;, &ldquo;pro forma&rdquo;, &ldquo;seeks&rdquo;, &ldquo;intends&rdquo; or &ldquo;anticipates&rdquo; or the
negative thereof or comparable terminology. Forward-looking statements include discussions of strategy, financial projections,
guidance and estimates (including their underlying assumptions), statements regarding plans, objectives, expectations or consequences
of various transactions, and statements about the future performance, operations, products and services of the Company and its
subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should read this prospectus
and the documents incorporated by reference completely and with the understanding that our actual future results may be materially
different from what we currently expect. Our business and operations are and will be subject to a variety of risks, uncertainties
and other factors. Consequently, actual results and experience may materially differ from those contained in any forward-looking
statements. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected
include, but are not limited to, the risk factors set forth in Part I&mdash;Item 1A, &ldquo;Risk Factors&rdquo;, in our Annual
Report on Form 10-K for the year ended December&nbsp;31, 2019, as filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
on March&nbsp;16, 2020, including the amendment thereto filed on Form 10-K/A on April 29, 2020, and elsewhere in the other documents
incorporated by reference into this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should assume that the information
appearing in this prospectus, any accompanying prospectus supplement, any related free writing prospectus and any document incorporated
herein by reference is accurate as of its date only. Because the risk factors referred to above could cause actual results or outcomes
to differ materially from those expressed in any forward-looking statements made by us or on our behalf, you should not place undue
reliance on any forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made.
New factors emerge from time to time, and it is not possible for us to predict which factors will arise. In addition, we cannot
assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any forward-looking statements. All written or oral forward-looking statements
attributable to us or any person acting on our behalf made after the date of this prospectus are expressly qualified in their entirety
by the risk factors and cautionary statements contained in and incorporated by reference into this prospectus. Unless legally required,
we do not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances
after the date of this prospectus or to reflect the occurrence of unanticipated events.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center"><A NAME="a3"></A><B>TRADE NAMES, TRADEMARKS AND
SERVICE MARKS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Inseego&rdquo;, the Inseego
logo, &ldquo;DigiCore&rdquo;, &ldquo;Novatel Wireless&rdquo;, the Novatel Wireless logo, &ldquo;MiFi&rdquo;, &ldquo;MiFi Intelligent
Mobile Hotspot&rdquo;, &ldquo;Ctrack&rdquo;, the Ctrack logo, &ldquo;Inseego North America&rdquo;, and &ldquo;Skyus&rdquo; are
trademarks or registered trademarks of Inseego and its subsidiaries. Other trademarks, trade names or service marks used in this
prospectus are the property of their respective owners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center"><B><A NAME="a4"></A>PROSPECTUS SUMMARY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in"><I>This summary highlights selected
information contained elsewhere in this prospectus or incorporated by reference in this prospectus, and does not contain all of
the information that you need to consider in making your investment decision. You should carefully read the entire prospectus,
any applicable prospectus supplement and any related free writing prospectus, including the risks of investing in our securities
discussed under the heading &ldquo;<A HREF="#a6">Risk Factors</A>&rdquo; contained in this prospectus, any applicable prospectus supplement and any
related free writing prospectus, and under similar headings in the other documents that are incorporated by reference into this
prospectus. You should also carefully read the information incorporated by reference into this prospectus, including our financial
statements, and the exhibits to the registration statement of which this prospectus forms a part.</I></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company is a leader in the design and
development of fixed and mobile wireless solutions (advanced 4G and 5G New Radio (&ldquo;5GNR&rdquo;)), Internet of Things (&ldquo;IoT&rdquo;),
Industrial IoT (&ldquo;IIoT&rdquo;) and cloud solutions for large enterprise verticals, service providers and small and medium-sized
businesses around the globe. Our product portfolio consists of fixed and mobile device-to-cloud solutions that provide compelling,
intelligent, reliable and secure end-to-end IoT services with deep business intelligence. The Company&rsquo;s products and solutions
power mission critical applications with a &ldquo;zero unscheduled downtime&rdquo; mandate, such as our 5G fixed wireless access
(&ldquo;FWA&rdquo;) gateway solutions, 4G and 5G mobile broadband, and IIoT applications such as SD WAN failover management, asset
tracking and fleet management services. Our solutions are powered by our key wireless innovations in mobile and FWA technologies,
including a suite of products employing the 5GNR standards and purpose-built Software as a Service (&ldquo;SaaS&rdquo;), cloud
platforms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have been at the forefront of the ways
in which the world stays connected and accesses information, and protects, and derives intelligence from that information. With
multiple first-to-market innovations across a number of wireless technologies, including 5G, and a strong and growing portfolio
of hardware and software innovations for IIoT solutions, the Company has been advancing technology and driving industry transformations
for over 30 years. It is this proven expertise, commitment to quality, obsession with innovation and a relentless focus on execution
that makes us a preferred global partner of service providers, distributors, value-added resellers, system integrators and enterprises
worldwide.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: -1.1pt"><B>2022 Note Exchange; 2025 Convertible
Senior Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-indent: -1.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">The following is a summary of the
transactions relating to the securities being registered hereunder:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">On May 12, 2020, each of the selling
securityholders entered into a privately-negotiated exchange agreement (the &ldquo;Exchange Agreements&rdquo;) with the Company
with respect to the Company&rsquo;s 5.50% Convertible Senior Notes due 2022 (the &ldquo;2022 Notes&rdquo;) held by them. Pursuant
to the Exchange Agreements, each of the selling securityholders agreed to exchange the 2022 Notes that they held (representing
an aggregate of $44,816,000 principal amount of 2022 Notes) for an aggregate of $32,062,000 in cash and $80,000,000 principal amount
of the notes (the &ldquo;Exchange Transactions&rdquo;). The Exchange Transactions were completed in connection with the closing
of the Company&rsquo;s registered underwritten public offering of $100,000,000 aggregate principal amount of 3.25% convertible
senior notes due 2025 (such notes, the &ldquo;Underwritten Notes,&rdquo; and such offering, the &ldquo;Underwritten Offering&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">The notes offered by this prospectus
are part of the same series as the Underwritten Notes, but, upon issuance, were subject to certain transfer restrictions that were
not applicable to the Underwritten Notes. In connection with the Exchange Transactions, the Company agreed to file a registration
statement, of which this prospectus is a part, with the Commission in order to effect a registration for the resale by the selling
securityholders of the notes offered by this prospectus and any shares of Common Stock issuable upon conversion thereof. The Company
did not receive any cash proceeds from the selling stockholders in connection with the Exchange Transactions.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.45pt"><B><A NAME="a5"></A>The Offering</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.45pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: top; width: 52%">Securities offered</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">$80,000,000 aggregate principal amount of 3.25% convertible senior notes due 2025, and up to 7,611,791 shares of Common Stock, representing the maximum number of shares of Common Stock initially issuable upon conversion of the notes held by the selling securityholders, plus such additional indeterminate number of shares of Common Stock as may become issuable upon conversion of the notes by reason of adjustment of the conversion rate pursuant to the anti-dilution provisions of the notes, and related rights to purchase Series D Preferred Stock.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Common Stock to be outstanding after the offering</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">104,630,367 shares, including 7,611,791 shares of Common Stock initially issuable upon conversion of the notes.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Selling securityholders</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">All of the notes and shares of Common Stock are being offered by the selling securityholders identified in the section titled &ldquo;<A HREF="#a8">The Selling Securityholders</A>&rdquo; beginning on page&nbsp;18 of this prospectus.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Use of Proceeds</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">We will not receive any of the proceeds from sales of notes and shares of Common Stock by the selling securityholders.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Nasdaq Global Select Market Symbol</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">INSG</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">The above information regarding
the shares of Common Stock to be outstanding after the offering is based on 97,018,396 shares of Common Stock outstanding as of
June&nbsp;30, 2020 and assumes conversion in full of the notes offered by this prospectus at the Initial Conversion Rate.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>The following is a summary of the notes. For more information,
please see the &ldquo;<A HREF="#a10">Description of Notes</A>&rdquo; section of this prospectus, which contains a more detailed description of the
terms of the notes.</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: top; width: 52%">Notes</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">$80,000,000 aggregate principal amount of 3.25% convertible senior notes due 2025. </TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Ranking</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">The notes are our general, unsecured obligations that:</TD></TR>
</TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 52%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%">&bull;</TD>
    <TD STYLE="width: 44%">rank senior in right of payment to all of our indebtedness that is expressly subordinated in right of
        payment to the notes;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>rank equal in right of payment with all of our indebtedness that is not so subordinated, including the
        2022 Notes:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>effectively rank junior to any of our secured indebtedness to the extent of the value of the assets securing
        such indebtedness; and</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>rank structurally junior to all indebtedness and other liabilities of our subsidiaries (including trade
        payables, but excluding intercompany obligations and liabilities of a type not required to be reflected on a balance sheet of such
        subsidiaries in accordance with GAAP).</TD></TR>
</TABLE>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: top; width: 52%">Maturity</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">May 1, 2025, unless earlier repurchased, redeemed or converted.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Interest</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">3.25% per annum, payable semi-annually in arrears on May 1 and November 1 of each year, beginning on November 1, 2020. In addition, special interest, if any, will accrue on the notes, at our election, as the sole remedy relating to the failure to comply with our reporting obligations, as described under &ldquo;Description of Notes&mdash;Events of Default&mdash;Special Interest as Sole Remedy for Certain Reporting Defaults.&rdquo;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Conversion Rights</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Noteholders may convert their notes at their option at any time
        until the close of business on the scheduled trading day immediately before the maturity date.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Upon conversion of a note, we will deliver for each $1,000 principal
        amount of converted notes a number of shares of our Common Stock (together with cash in lieu of any fractional share) equal to
        the conversion rate. The initial conversion rate is 79.2896 shares of our Common Stock per $1,000 principal amount of notes, which
        represents an initial conversion price of approximately $12.61 per share of our Common Stock, and is subject to adjustment as described
        in this prospectus.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If a &ldquo;make-whole fundamental change&rdquo; (as defined
        in this prospectus) occurs, then we will in certain circumstances increase the conversion rate for a specified period of time.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">See &ldquo;<A HREF="#a10">Description of Notes&mdash;Conversion Rights</A>.&rdquo;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Interest Make-Whole Payment</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        If the last reported sale price of our Common Stock
for each of the five trading days immediately preceding a conversion date is greater than or equal to $10.51 (which price is subject
to adjustment in a manner directly inverse to the manner in which, but otherwise at the same time and for the same events for
which, the conversion rate is required to be adjusted pursuant to the provisions described under the caption &ldquo;<A HREF="#a10">Description of Notes&mdash;Conversion Rate Adjustments&mdash;Generally</A>&rdquo;), we will, in addition to the other consideration payable or
deliverable in connection with any conversion of notes, make an interest make-whole payment to the converting holder equal to
the sum of the present values of the scheduled payments of interest that would have been made on the notes to be converted had
such notes remained outstanding from the conversion date through the earlier of (a) the date that is three years after the conversion
date and (b) the maturity date if the notes had not been so converted, using a discount rate equal to 1.0%.</TD></TR>
</TABLE>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may pay any interest make-whole payment, at our election,
in either cash or shares of our Common Stock (together with cash in lieu of any fractional share) provided, that in no event will
the effective conversion price of the notes, after giving effect to any interest make-whole payment (whether paid in cash or shares
of our Common Stock (together with cash in lieu of any fractional share)), be less than $10.51 (which price is subject to adjustment
in a manner directly inverse to the manner in which, but otherwise at the same time and for the same events for which, the conversion
rate is required to be adjusted pursuant to the provisions described under the caption &ldquo;Description of Notes&mdash;Conversion
Rate Adjustments&mdash;Generally&rdquo;).</P>
                                    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Notwithstanding the foregoing, if in connection with any conversion
the conversion rate is adjusted as described under &ldquo;Description of Notes&mdash;Conversion Rights&mdash;Increase in Conversion
Rate in Connection with a Make-Whole Fundamental Change&rdquo; herein, then such holder will not receive the interest make-whole
payment with respect to such note.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">See &ldquo;<A HREF="#a10">Description of Notes&mdash;Interest Make-Whole Payment</A>.&rdquo;</P>
</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 52%">Optional Redemption</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The notes are redeemable, in whole or in part, at our option
        at any time, and from time to time, on or after May 6, 2023 and on or before the scheduled trading day before the maturity date,
        at a cash redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any,
        to, but excluding, the redemption date, but only if the last reported sale price per share of our Common Stock exceeds 130% of
        the conversion price on (a) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days
        ending on, and including, the trading day immediately before the date we send the related redemption notice; and (b) the trading
        day immediately before the date we send such notice.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">See &ldquo;<A HREF="#a10">Description of Notes&mdash;Optional Redemption</A>.&rdquo;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 0.25in; text-indent: -0.25in">Repurchase at the Option of the Noteholders after a Fundamental Change</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">If a &ldquo;fundamental change&rdquo; (as defined in this prospectus) occurs at any time prior to the maturity date, then, except as described in this prospectus, noteholders may require us to repurchase their notes at a cash repurchase price equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date. See &ldquo;<A HREF="#a10">Description of Notes&mdash; Fundamental Change Permits Noteholders to Require Us to Repurchase Notes.</A>&rdquo;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 0.25in; text-indent: -0.25in">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Trustee, Paying Agent and Conversion Agent</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Wilmington Trust, National Association.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">No Public Market</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">The notes are a new class of securities for which no public market currently exists. We do not intend to apply to list the notes on any securities exchange or for quotation on any inter-dealer quotation system. Accordingly, a liquid market for the notes may never develop.</TD></TR>
</TABLE>

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

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

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

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: top; width: 52%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Risk Factors</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Investing in the notes involves risks. See &ldquo;<A HREF="#a6">Risk Factors</A>.&rdquo;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Material U.S. Federal Income Tax Considerations</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">For a description of material U.S. federal income tax consequences of purchasing, owning and disposing of the notes and shares of our Common Stock, if any, issuable upon the conversion of the notes, see &ldquo;<A HREF="#a12">Material U.S. Federal Income Tax Considerations</A>.&rdquo;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Book Entry Form</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">We initially issued the notes in the form of a global note registered in the name of Cede &amp; Co., as nominee of The Depository Trust Company (&ldquo;DTC&rdquo;), without interest coupons, which we deposited with the trustee as custodian for DTC. Beneficial interests in global notes will be shown on, and transfers of global notes will be effected only through, the records maintained by DTC. Except in limited circumstances, we will not issue certificated notes. See &ldquo;<A HREF="#a10">Description of Notes&mdash;Book Entry, Settlement and Clearance</A>.&rdquo;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Ownership Limitation</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have significant NOLs that we can use in certain circumstances
        to offset current and future earnings and thus potentially reduce our U.S. federal and certain state income tax liabilities, subject
        to certain requirements and restrictions. If we experience an ownership change as defined under Section 382 of the Internal Revenue
        Code of 1986, as amended (&ldquo;Section 382&rdquo;), however, our ability to use the NOLs would be substantially limited, and
        the timing of the usage of the NOLs could be substantially delayed, which could therefore significantly impair the value of that
        asset. In order to help preserve the use of our NOLs, holders of notes are subject to a conversion limitation as described herein.
        See &ldquo;<A HREF="#a10">Description of Notes&mdash; Conversion Rights&mdash;Conversion Limitation</A>.&rdquo; In addition, to the extent a holder
        of notes receives our Common Stock upon conversion thereof, such holder will be subject to the Rights Agreement, dated January
        22, 2018, between us and Computershare Trust Company, N.A., a federally chartered trust company, as Rights Agent (as may be amended
        from time to time, the &ldquo;Rights Agreement&rdquo;), that was approved by our stockholders at our 2018 Annual Meeting of Stockholders
        and described in &ldquo;<A HREF="#a11">Description of Capital Stock</A>.&rdquo;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">See &ldquo;<A HREF="#a6">Risk Factors</A>&mdash;Risks Related to the Notes and
        this Offering&mdash;Beneficial owners of notes cannot receive shares of our Common Stock upon conversion of their notes in excess
        of the amount described below while the Section 382 conversion blocker is in effect with respect to such notes&rdquo; and &ldquo;<A HREF="#a6">Risk Factors</A>&mdash;Risks Related to the Notes and this Offering&mdash;Our ability to use our net operating loss and tax credit carryforwards
        may be limited, which could result in our payment of income taxes earlier than if we were able to fully utilize our net operating
        loss and tax credit carryforwards. To the extent we elect to deliver shares of our Common Stock to a holder upon conversion, if
        any, of the notes, such holder would be subject to our Rights Agreement.&rdquo;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt"><B>Company Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">Inseego Corp. is a Delaware
corporation formed in&nbsp;2016 and is the successor to Novatel Wireless, Inc., a Delaware corporation formed in 1996,
resulting from an internal reorganization that was completed in November 2016. Our principal offices are located
at&nbsp;12600 Deerfield Parkway, Suite 100, Alpharetta, Georgia 30004, our corporate offices are located at 9710 Scranton
Road, Suite 200, San Diego, California&nbsp;92121, and our sales and engineering offices are located throughout the world.
Our telephone number is (858) 812-3400. Inseego&rsquo;s Common Stock trades on The Nasdaq Global Select Market under the
trading symbol &ldquo;INSG&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt; text-indent: 0.5in">We maintain an Internet website
at <I>www.inseego.com</I>. We have included our website address in this prospectus solely as an inactive textual reference. We
do not incorporate the information on, or accessible through, our website into this prospectus, and you should not consider any
information on or accessible through our website as part of this prospectus.</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center; text-indent: -1.1pt"><B><A NAME="a6"></A>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.1pt; text-align: center; text-indent: -1.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Investing in our securities involves
a high degree of risk. Before you decide to invest in our securities, you should carefully consider the risks and uncertainties
described below together with all other information contained in this prospectus, any applicable prospectus supplement, any free
writing prospectus that we have authorized for use in connection with this offering and described in our filings with the Commission
that we have incorporated by reference in this prospectus, including those risks described under &ldquo;Risk Factors&rdquo; in
our most recent Annual Report on Form 10-K and any updates in our Quarterly Reports on Form 10-Q. Our business, financial condition
or results of operations could be materially adversely affected by any of these risks. In addition, the trading price of our securities
could decline due to any of these risks, and you may lose all or part of your investment. Additional risks and uncertainties not
presently known to us or that we currently deem immaterial may also impair our business. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risks Related to the Notes and This Offering</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Our indebtedness and liabilities could limit
the cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and
results of operations and impair our ability to satisfy our obligations under the notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our indebtedness could have significant
negative consequences for our security holders and our business, results of operations and financial condition by, among other
things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.95pt; text-indent: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>increasing our vulnerability to adverse economic and industry conditions;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>limiting our ability to obtain additional financing;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 5.9pt">requiring the dedication of a substantial portion of our cash flow from operations to service
our indebtedness, which will reduce the amount of cash available for other purposes;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>limiting our flexibility to plan for, or react to, changes in our business;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 5.85pt">diluting the interests of our existing stockholders as a result of issuing shares of Common Stock
upon conversion of the notes, the Underwritten Notes or the 2022 Notes; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 5.9pt">placing us at a possible competitive disadvantage with competitors that are less leveraged than
us or have better access to capital.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our business may not generate sufficient
funds, and we may otherwise be unable to maintain sufficient cash reserves, to pay amounts due under our indebtedness, including
the notes, the Underwritten Notes and the 2022 Notes, and our cash needs may increase in the future. In addition, future indebtedness
that we may incur may contain financial and other restrictive covenants that limit our ability to operate our business, raise capital
or make payments under our other indebtedness. If we fail to comply with these covenants or to make payments under our indebtedness
when due, then we would be in default under that indebtedness, which could, in turn, result in that and our other indebtedness
becoming immediately payable in full.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>We and our subsidiaries may still incur substantially
more debt or take other actions which would intensify the risks discussed above.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to any restrictions contained
in any agreements governing our future indebtedness, we and our subsidiaries may be able to incur substantial additional debt in
the future, some of which may be secured debt. We are not restricted under the terms of the base indenture and supplemental indenture
governing the notes offered hereby and the Underwritten Notes (together, the &ldquo;2025 Notes&rdquo;), which we refer to herein
as the &ldquo;indenture,&rdquo; and are not restricted under the terms of the base indenture and supplemental indenture governing
the 2022 Notes, which we refer to herein as the &ldquo;2022 indenture,&rdquo; from incurring additional debt, securing existing
or future debt, recapitalizing our debt, repurchasing our stock, pledging our assets, making investments, paying dividends, guaranteeing
debt or taking a number of other actions that are not limited by the terms of the respective indentures governing the 2025 Notes
and the 2022 Notes that could have the effect of diminishing our ability to make payments on the notes when due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>We may not have sufficient cash flow from
our business, or be able to raise the funds necessary, to pay interest on the notes, to repurchase the notes for cash following
a fundamental change, to pay the redemption price for any notes we redeem or to pay any cash amounts due upon conversion, and our
future indebtedness may limit our ability to repurchase the notes or pay cash upon their conversion.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The notes bear interest semi-annually
at a rate of 3.25% per year and our 2022 Notes bear interest semi-annually at a rate of 5.5% per year. In addition, in certain
circumstances, we are obligated to pay special interest on the 2025 Notes and the 2022 Notes. Our ability to make scheduled payments
of the principal of, to pay interest (including any applicable interest make-whole payment we elect to pay in cash) on or to refinance
our indebtedness, including the 2025 Notes and the 2022 Notes, depends on our future performance, which is subject to economic,
financial, competitive and other factors beyond our control. Our business may not generate cash flow from operations in the future
sufficient to service our debt and other fixed charges, fund working capital needs and make necessary capital expenditures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If we are unable to generate such
cash flow, we may be required to adopt one or more alternatives, such as selling assets, restructuring debt or obtaining additional
equity capital on terms that may be onerous or highly dilutive. We may not be able to engage in any of these activities or engage
in these activities on favorable terms, which could result in a default on our debt obligations. If we are unable to generate sufficient
cash flow or otherwise obtain funds necessary to make required payments, or if we fail to comply with the various requirements
of our existing indebtedness or any other indebtedness which we may incur in the future, we would be in default, which could permit
the holders of our indebtedness, including the 2025 Notes and the 2022 Notes, to accelerate the maturity of such indebtedness.
Any default under such indebtedness could have a material adverse effect on our business, results of operations and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If a fundamental change occurs,
holders of the 2025 Notes may require us to repurchase their 2025 Notes at a cash repurchase price equal to the principal amount
of the 2025 Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date.
See &ldquo;<A HREF="#a10">Description of Notes&mdash;Fundamental Change Permits Noteholders to Require Us to Repurchase Notes</A>&rdquo;. Moreover,
we will be required to repay the 2025 Notes in cash at their maturity unless earlier converted, redeemed or repurchased. In addition,
if the last reported sale price of Common Stock for each of the five trading days immediately preceding a conversion date is greater
than or equal to $10.51, holders who convert their 2025 Notes may also be entitled to receive under certain circumstances an interest
make-whole payment. We may pay any interest make-whole payment, at our election, in either cash or shares of Common Stock (together
with cash in lieu of any fractional share).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may not have enough available
cash or be able to obtain financing at the time we are required to repurchase the 2025 Notes or pay cash with respect to 2025 Notes
that are being redeemed or converted or at their maturity. In addition, applicable law, regulatory authorities or the agreements
governing our future indebtedness may restrict our ability to repurchase the 2025 Notes or pay the cash amounts due upon conversion
of the 2025 Notes. Our 2022 Notes also contain conversion and repurchase features. Our failure to repurchase the 2025 Notes or
the 2022 Notes or to pay the cash amounts (including any applicable interest make-whole payment we elect to pay with cash) due
upon conversion of the 2025 Notes or the 2022 Notes when required will constitute a default under the indenture and the 2022 indenture.
A default under the indenture or the 2022 indenture or the fundamental change itself could be a default under the agreements governing
our future indebtedness, which may result in that other indebtedness becoming immediately payable in full. If the payment of the
related indebtedness were to be accelerated after any applicable notice or grace periods, we may not have sufficient funds to repay
the indebtedness and repurchase the 2025 Notes and the 2022 Notes or to pay cash upon conversions of the 2025 Notes and the 2022
Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>We may pay any interest make-whole payment
by delivering shares of Common Stock, which could result in significant dilution to our stockholders.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In certain circumstances, if the
last reported sale price of Common Stock for each of the five trading days immediately preceding a conversion date is greater than
or equal to $10.51, we will, in addition to the other consideration payable or deliverable in connection with any conversion of
the 2025 Notes, make an interest make-whole payment to the converting holder equal to the sum of the present values of the scheduled
payments of interest that would have been made on the 2025 Notes to be converted had such 2025 Notes remained outstanding from
the conversion date through the earlier of (a) the date that is three years after the conversion date and (b) the maturity date
if the 2025 Notes had not been so converted, using a discount rate equal to 1.0%. We may pay any interest make-whole payment, at
our election, either in cash or shares of Common Stock (together with cash in lieu of any fractional share). If we elect, or are
deemed to have elected, to pay any interest make-whole payment by delivering shares of Common Stock (together with cash in lieu
of any fractional share), the number of shares of Common Stock (together with cash in lieu of any fractional share) a converting
holder of 2025 Notes will receive will be equal to the amount of the interest make-whole payment due divided by the simple average
of the daily VWAP of Common Stock for the five trading days ending on and including the trading day immediately preceding the conversion
date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Not all dilutive events will result in an
adjustment to the conversion rate.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will adjust the conversion rate
of the 2025 Notes for certain events, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>certain stock dividends, splits and combinations;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>the issuance of certain rights, options or warrants to holders of Common Stock;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>certain distributions of assets, debt securities, capital stock or other property to holders of Common Stock;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>cash dividends on Common Stock; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>certain tender or exchange offers.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">See &ldquo;<A HREF="#a10">Description of Notes&mdash;Conversion Rights&mdash;Conversion Rate Adjustments</A>.&rdquo; We are not required to adjust the conversion rate for other events, such as an
issuance of Common Stock (or securities exercisable for, or convertible into, Common Stock) for cash, which may adversely affect
the trading price of the 2025 Notes and shares of Common Stock. An event may occur that adversely affects the noteholders and the
trading price of the 2025 Notes and the underlying shares of Common Stock but that does not result in an adjustment to the conversion
rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Redemption may adversely affect your return
on the notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 2025 Notes are redeemable,
in whole or in part, at our option at any time, and from time to time, on a redemption date occurring on or after May 6, 2023 and
on or before the scheduled trading day before the maturity date, at a cash redemption price equal to the principal amount of the
2025 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if the last
reported sale price per share of Common Stock exceeds 130% of the conversion price on (a) each of at least 20 trading days, whether
or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date
we send the related redemption notice and (b) the trading day immediately before the date we send such notice. As a result, we
may choose to redeem some or all of the 2025 Notes, and we may choose to do so at times when prevailing interest rates are relatively
low. As a result, you may not be able to reinvest the proceeds you receive from the redemption in a comparable security at an effective
interest rate as high as the interest rate on your 2025 Notes being redeemed. In addition, holders who convert in advance of any
redemption would not get any compensation for the lost option value of their 2025 Notes. See &ldquo;<A HREF="#a10">Description of Notes&mdash;Optional Redemption</A>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Not all significant restructuring transactions
will constitute a fundamental change, in which case you will not have the right to require us to repurchase your notes for cash.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If certain corporate events called
&ldquo;fundamental changes&rdquo; occur, you will have the right to require us to repurchase your notes for cash. See &ldquo;<A HREF="#a10">Description of Notes&mdash;Fundamental Change Permits Noteholders to Require Us to Repurchase Notes</A>.&rdquo; However, the definition of &ldquo;fundamental
change&rdquo; is limited to specific corporate events and does not include all events that may adversely affect our financial condition
or the trading price of the 2025 Notes. For example, a leveraged recapitalization, refinancing, restructuring or acquisition by
us may not constitute a fundamental change that would require us to repurchase the 2025 Notes. Nonetheless, these events could
significantly increase the amount of our indebtedness, harm our credit rating or adversely affect our capital structure and the
trading price of the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>The increase to the conversion rate resulting
from a make-whole fundamental change may not adequately compensate noteholders for the lost option value of their notes. In addition,
a variety of transactions that do not constitute a make-whole fundamental change may significantly reduce the option value of the
notes without a corresponding increase to the conversion rate.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If certain corporate events that
constitute a &ldquo;make-whole fundamental change&rdquo; occur, then we will, in certain circumstances, temporarily increase the
conversion rate. See &ldquo;<A HREF="#a10">Description of Notes&mdash;Conversion Rights&mdash;Increase in Conversion Rate in Connection with a Make-Whole Fundamental Change</A>.&rdquo; The amount of the increase to the conversion rate will depend on the date on which the make-whole
fundamental change becomes effective and the applicable &ldquo;stock price.&rdquo; While the increase to the conversion rate is
designed to compensate noteholders for the lost option value of their 2025 Notes resulting from a make-whole fundamental change,
the increase is only an approximation and may not adequately compensate noteholders for the loss in option value. In addition,
if the applicable &ldquo;stock price&rdquo; is greater than $50.00 per share or less than $10.51 per share (in each case, subject
to adjustment), then we will not increase the conversion rate for the make-whole fundamental change. Moreover, we will not increase
the conversion rate pursuant to these provisions to an amount that exceeds 95.1474 shares of Common Stock per $1,000 principal
amount of 2025 Notes, subject to adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Furthermore, the definition of
make-whole fundamental change is limited to certain specific transactions. Accordingly, the make-whole fundamental change provisions
of the indenture will not protect noteholders from other transactions that could significantly reduce the option value of the 2025
Notes. For example, a spin-off or sale of a subsidiary or business division with volatile earnings, or a change in our line of
business, could significantly affect the trading characteristics of Common Stock and reduce the option value of the 2025 Notes
without constituting a make-whole fundamental change that results in a temporary increase to the conversion rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, our obligation to
increase the conversion rate in connection with a make-whole fundamental change could be considered a penalty, in which case its
enforceability would be subject to general principles of reasonableness and equitable remedies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>There is currently no trading market for the
notes. If an active trading market for the notes does not develop, then noteholders may be unable to resell their notes at desired
times or prices, or at all.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 2025 Notes are a class of securities
for which no market currently exists. We have not and do not intend to apply to list the 2025 Notes on any securities exchange
or for quotation on any inter-dealer quotation system. Accordingly, an active market for the 2025 Notes may never develop, and,
even if one develops, it may not be maintained. If an active trading market for the 2025 Notes does not develop or is not maintained,
then the market price and liquidity of the notes will be adversely affected and noteholders may not be able to resell their notes
at desired times or prices, or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The liquidity of the trading market,
if any, and future trading prices of the notes will depend on many factors, including, among other things, the trading price of
Common Stock, prevailing interest rates, our dividend yield, financial condition, results of operations, business, prospects and
credit quality relative to our competitors, the market for similar securities and the overall securities market. Many of these
factors are beyond our control. Historically, the market for convertible debt has been volatile. Market volatility could significantly
harm the market for the notes, regardless of our financial condition, results of operations, business, prospects or credit quality.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>The notes are effectively subordinated to
our future secured indebtedness and structurally subordinated to the liabilities of our subsidiaries.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 2025 Notes are our general
unsecured obligations that rank senior in right of payment to all of our indebtedness that is expressly subordinated in right of
payment to the 2025 Notes, rank equal in right of payment with all of our indebtedness that is not so subordinated, including our
outstanding 2022 Notes, and effectively rank junior to any of our secured indebtedness to the extent of the value of the assets
securing such indebtedness. In addition, because none of our subsidiaries has guaranteed the 2025 Notes, the 2025 Notes are structurally
junior to all indebtedness and other liabilities of our subsidiaries (including trade payables, but excluding intercompany obligations
and liabilities of a type not required to be reflected on a balance sheet of such subsidiaries in accordance with GAAP). The indenture
does not, and the 2022 indenture does not, prohibit us from incurring additional indebtedness, including secured indebtedness,
which would be effectively senior to the 2025 Notes to the extent of the value of the collateral securing that indebtedness, or
indebtedness that would rank equal in right of payment with the 2025 Notes. The indenture also does not, and the 2022 indenture
does not, prohibit our subsidiaries from incurring any additional indebtedness or other liabilities that would be structurally
senior to our obligations under the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the event of the bankruptcy,
liquidation, reorganization or other winding up of any of our subsidiaries, we, as a common equity holder of that subsidiary, and,
therefore, the noteholders, will rank behind that subsidiary&rsquo;s creditors, including that subsidiary&rsquo;s trade creditors,
and (to the extent we are not a holder thereof) that subsidiary&rsquo;s preferred equity holders, if any. Even if we were a creditor
of any of our subsidiaries, our rights as a creditor would be effectively subordinated to any security interest of others in the
assets of that subsidiary, to the extent of the value of those assets, and would be subordinated to any indebtedness of that subsidiary
that is senior in right of payment to that held by us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our subsidiaries have no obligations
under the 2025 Notes. The ability of our subsidiaries to pay dividends or make other payments to us may be restricted by, among
other things, corporate and other laws and by agreements to which our subsidiaries may become a party. Accordingly, we may be unable
to gain access to the cash flow or assets of our subsidiaries to enable us to make payments on the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Holders of the notes are structurally subordinated
to our subsidiaries&rsquo; third-party indebtedness and obligations.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 2025 Notes are obligations
of Inseego exclusively and not of any of our subsidiaries. A significant portion of our operations are conducted through and a
significant portion of our assets are held by, our subsidiaries. Our subsidiaries are separate legal entities that have no obligation
to pay any amounts due under the 2025 Notes or to make any funds available therefor, whether by dividends, loans or other payments.
Except to the extent we are a creditor with recognized claims against our subsidiaries, all claims of third-party creditors (including
trade creditors) and holders of preferred stock, if any, of our subsidiaries have priority with respect to the assets of such subsidiaries
over the claims of our creditors, including holders of the 2025 Notes. Consequently, the 2025 Notes are structurally subordinated
to all existing and future liabilities of any of our subsidiaries and any subsidiaries that we may in the future acquire or establish.
The indenture does not, and the 2022 indenture does not, prohibit or restrict us or our subsidiaries from incurring additional
indebtedness, including secured indebtedness, in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>The trading price of Common Stock and other
factors could significantly affect the trading price of the notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We expect that the trading price
of Common Stock will significantly affect the trading price of the 2025 Notes, which could result in greater volatility in the
trading price of the 2025 Notes than would be expected for non-convertible securities. The trading price of Common Stock will likely
continue to fluctuate in response to the factors described or referred to elsewhere in this section and under the caption &ldquo;Cautionary
Statement Regarding Forward-Looking Statements,&rdquo; among others, many of which are beyond our control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Future sales of Common Stock or equity-linked
securities in the public market could lower the market price of Common Stock and adversely impact the trading price of the notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the future, we may sell additional
shares of Common Stock or equity-linked securities to raise capital. In addition, a substantial number of shares of Common Stock
are reserved for issuance upon the exercise or vesting, as applicable, of equity incentive awards and warrants and for issuance
upon conversion of the 2025 Notes and the 2022 Notes. The indenture does not, and the 2022 indenture does not, restrict our ability
to issue additional Common Stock or equity-linked securities in the future. We cannot predict the size of future issuances or the
effect, if any, that they may have on the market price of Common Stock. The issuance and sale of substantial amounts of Common
Stock or equity-linked securities, or the perception that such issuances and sales may occur, could adversely affect the trading
price of the 2025 Notes and the market price of Common Stock and impair our ability to raise capital through the sale of additional
equity or equity-linked securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>We make only very limited covenants in the
indenture and these limited covenants may not protect your investment.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Many debt instruments contain provisions
that are designed to restrict the borrower&rsquo;s activities and operations in a manner that is designed to preserve the borrower&rsquo;s
ability to make payments on the related indebtedness when due. These provisions include financial and operating covenants, and
restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by the borrower
or any of its subsidiaries. The indenture does not contain any of these covenants or restrictions or otherwise place any meaningful
restrictions on our ability to operate our business as management deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The indenture does not:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>require us to maintain any financial ratios or specific levels of net worth, revenues, income, cash flows or liquidity;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">protect holders of the 2025 Notes in the event that we experience significant adverse changes in our financial condition or
results of operations;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">restrict the ability of our subsidiaries to incur liabilities (including secured and unsecured indebtedness) that would be
structurally senior to our indebtedness; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">restrict our ability to incur liabilities (including secured and unsecured indebtedness) or to make investments.</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As a result, your investment in
the notes may not be as protected as an investment in an instrument that contains some or all of these types of covenants and restrictions.
In addition, the indenture contains no covenants or other provisions to afford protection to holders of the 2025 Notes in the event
of a fundamental change involving us except to the extent described under &ldquo;Description of Notes&mdash;Fundamental Change
Permits Noteholders to Require Us to Repurchase Notes,&rdquo; &ldquo;Description of Notes&mdash;Conversion Rights&mdash;Increase
in the Conversion Rate in Connection with a Make-Whole Fundamental Change&rdquo; and &ldquo;Description of Notes&mdash;Consolidation,
Merger and Asset Sale.&rdquo; Consequently, your rights under the notes may be substantially and adversely affected upon any fundamental
change or if we or our subsidiaries take certain actions that could either increase the probability that we default on the 2025
Notes or reduce the recovery that you are likely to receive upon any such default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Recent and future regulatory actions and other
events may adversely affect the trading price and liquidity of the notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We expect that many investors in
the 2025 Notes will seek to employ a convertible note arbitrage strategy. Under this strategy, investors typically short sell a
certain number of shares of Common Stock and adjust their short position over time while they continue to hold the 2025 Notes.
Investors may also implement this type of strategy by entering into swaps on Common Stock in lieu of, or in addition to, short
selling shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Commission and other regulatory
authorities have implemented various rules and taken certain actions, and may in the future adopt additional rules and take other
actions, that may impact those engaging in short selling activity involving equity securities (including Common Stock). These rules
and actions include Rule 201 of Commission Regulation SHO, the adoption by the Financial Industry Regulatory Authority, Inc., and
the national securities exchanges of a &ldquo;limit up-limit down&rdquo; program, the imposition of market-wide circuit breakers
that halt trading of securities for certain periods following specific market declines, and the implementation of certain regulatory
reforms required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Any governmental or regulatory action
that restricts investors&rsquo; ability to effect short sales of Common Stock or enter into equity swaps on Common Stock could
depress the trading price of, and the liquidity of the market for, the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, the liquidity of the
market for Common Stock may decline, which could reduce the number of shares available for lending in connection with short sale
transactions and the number of counterparties willing to enter into an equity swap on Common Stock with a note investor. If investors
and potential purchasers seeking to employ a convertible note arbitrage strategy are unable to borrow or enter into equity swaps
on Common Stock on commercially reasonable terms, then the trading price of, and the liquidity of the market for, the 2025 Notes
may significantly decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>You may be subject to tax if we make or fail
to make certain adjustments to the conversion rate of the notes even though you do not receive a corresponding cash distribution.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The conversion rate of the 2025
Notes is subject to adjustment in certain circumstances, including the payment of cash dividends. If the conversion rate is adjusted
as a result of a distribution that is taxable to our stockholders, such as a distribution of money or other property, you will
be deemed to have received a distribution, which may be treated as a dividend subject to U.S. federal income tax, without the receipt
of any cash. In addition, a failure to adjust (or to adjust adequately) the conversion rate after an event that increases your
proportionate interest in us could be treated as a deemed taxable dividend to you if the failure to adjust (or to adjust adequately)
is made in connection with a distribution of money or other property to our stockholders. If a make-whole fundamental change occurs
prior to the maturity date, under some circumstances, we will increase the conversion rate for the 2025 Notes converted in connection
with the make-whole fundamental change. Such increase also may be treated as a distribution subject to U.S. federal income tax
as a dividend. In addition, in certain circumstances, we will make an interest make-whole payment to a converting holder which
may be paid, at our election, in cash or shares of Common Stock (together with cash in lieu of any fractional share). Such increase
or make-whole payment may also be treated as a distribution subject to U.S. federal income tax as a dividend. See &ldquo;<A HREF="#a12">Material U.S. Federal Income Tax Considerations</A>.&rdquo; It is unclear whether any such deemed dividend would be eligible for the preferential
tax treatment generally available for dividends paid by U.S. corporations to certain non-corporate U.S. holders (as defined under
&ldquo;Material U.S. Federal Income Tax Considerations&rdquo;). If you are a non-U.S. holder (as defined under &ldquo;Material
U.S. Federal Income Tax Considerations&rdquo;), any deemed dividend generally will be subject to U.S. federal withholding tax at
a 30% rate, or such lower rate as may be specified by an applicable treaty, which may be set off against subsequent payments on
the 2025 Notes or any shares of Common Stock owned by you or from any proceeds of any subsequent sale, exchange or other disposition
of the notes (including the retirement of a note) or such Common Stock or other funds or assets of yours. The Internal Revenue
Service has proposed regulations addressing the amount and timing of deemed distributions, obligations of withholding agents and
filing and notice obligations of issuers, which if adopted could affect the U.S. federal income tax treatment of beneficial owners
of 2025 Notes deemed to receive such a distribution. See &ldquo;<A HREF="#a12">Material U.S. Federal Income Tax Considerations</A>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>A rating agency may not rate the notes or
may assign a rating that is lower than expected.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We do not intend to seek to have
the 2025 Notes rated by any rating agency. However, if one or more rating agencies rates the 2025 Notes and assigns a rating that
is lower than the rating that investors expect, or reduces their rating in the future, then the trading price of Common Stock and
the 2025 Notes could significantly decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, market perceptions
of our creditworthiness will directly affect the trading price of the 2025 Notes. Accordingly, if a rating agency rates any of
our indebtedness in the future or downgrades or withdraws the rating, or puts us on credit watch, then the trading price of the
2025 Notes will likely decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Certain provisions in the indenture could
delay or prevent an otherwise beneficial takeover or takeover attempt of us.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Certain provisions in the indenture
could make it more difficult or more expensive for a third party to acquire us. For example, if a takeover would constitute a fundamental
change, holders of the 2025 Notes will have the right to require us to repurchase their 2025 Notes in cash. In addition, if a takeover
constitutes a make-whole fundamental change, we may be required to increase the conversion rate for holders who convert their 2025
Notes in connection with such takeover. In either case, and in other cases, our obligations under the 2025 Notes and the indenture
could increase the cost of acquiring us or otherwise discourage a third party from acquiring us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Because the notes are held in book-entry form,
noteholders must rely on DTC&rsquo;s procedures to receive communications relating to the notes and exercise their rights and remedies.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The notes were initially issued
in the form of a &ldquo;global note&rdquo; registered in the name of Cede &amp; Co., as nominee of DTC. Beneficial interests in
the global note will be shown on, and transfers of interests in the global note will be effected only through, the records maintained
by DTC. Except in limited circumstances, we will not issue certificated notes. See &ldquo;<A HREF="#a10">Description of Notes&mdash;Book Entry, Settlement and Clearance</A>.&rdquo; Accordingly, if you own a beneficial interest in a global note, then you will not be considered
an owner or holder of the 2025 Notes. Instead, DTC or its nominee will be the sole holder of the 2025 Notes. Payments of principal,
interest and other amounts on global notes will be made to the paying agent, who will remit the payments to DTC. We expect that
DTC will then credit those payments to the DTC participant accounts that hold book-entry interests in the global notes and that
those participants will credit the payments to indirect DTC participants. Unlike persons who have certificated notes registered
in their names, owners of beneficial interests in the global note will not have the direct right to act on our solicitations for
consents or requests for waivers or other actions from noteholders. Instead, those beneficial owners will be permitted to act only
to the extent that they have received appropriate proxies to do so from DTC or, if applicable, a DTC participant. The applicable
procedures for the granting of these proxies may not be sufficient to enable owners of beneficial interests in global notes to
vote on any requested actions on a timely basis. In addition, notices and other communications relating to the 2025 Notes (including
any notice of redemption) will be sent to DTC. We expect DTC will forward any such communications to DTC participants, which in
turn would forward such communications to indirect DTC participants, but we can make no assurances that you will timely receive
any such communications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Holding notes will not, in itself, confer
any rights with respect to Common Stock.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Noteholders will generally not
be entitled to any rights with respect to Common Stock (including voting rights and rights to receive any dividends or other distributions
on Common Stock). However, noteholders will be subject to all changes affecting Common Stock to the extent the trading price of
the 2025 Notes depends on the market price of Common Stock and to the extent they receive shares of Common Stock upon conversion
of their 2025 Notes. For example, if we propose an amendment to our charter documents that requires stockholder approval, then
a noteholder will not, as such, be entitled to vote on the amendment, although the noteholder will be subject to any changes implemented
by that amendment in the powers, preferences or special rights of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Beneficial owners of notes cannot receive
shares of Common Stock upon conversion of their notes in excess of the amount described below while the Section 382 conversion
blocker is in effect with respect to such notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The indenture provides that, for
so long as the Rights Agreement is in effect, no beneficial owner of 2025 Notes will be entitled to receive shares of Common Stock
upon conversion of the 2025 Notes and any delivery of shares of Common Stock upon conversion of such 2025 Notes will be void and
of no effect, (a) if the beneficial owner of such 2025 Notes is an Acquiring Person (as defined in the Rights Agreement) or (b)
to the extent (but only to the extent) that such receipt or delivery would cause such beneficial owner to become an Acquiring Person
(as such term is defined in the Rights Agreement), unless, in either case, such beneficial owner has received prior approval of
our board of directors (the &ldquo;Section 382 conversion blocker&rdquo;). An &ldquo;Acquiring Person&rdquo; under the Rights Agreement
generally means any person, entity or group that is or has become, together with its affiliates, associates and other persons,
entities or groups with whom it is acting in concert, the beneficial owner (as defined in the Rights Agreement) of 4.9% or more
of the shares of Common Stock then outstanding, unless excluded from the definition of Acquiring Person under the Rights Agreement.
If any delivery of shares of Common Stock owed to a beneficial owner upon conversion of 2025 Notes is not made, in whole or in
part, as a result of the Section 382 conversion blocker, our obligation to make such delivery shall not be extinguished, and we
shall deliver such shares as promptly as practicable after (i) such beneficial owner is not an Acquiring Person (as defined in
the Rights Agreement (for the avoidance of doubt regardless of whether such Rights Agreement is then in effect)) and (ii) such
delivery would not result in such beneficial owner being an Acquiring Person (as defined in the Rights Agreement (for the avoidance
of doubt regardless of whether such Rights Agreement is then in effect)) and such beneficial owner gives notice thereof to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>Our ability to use our NOL and tax credit
carryforwards may be limited, which could result in our payment of income taxes earlier than if we were able to fully utilize our
NOL and tax credit carryforwards. The holders of shares of Common Stock upon conversion of the notes will be subject to our Rights
Agreement.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Federal and state income tax laws
impose restrictions on the utilization of NOL and tax credit carryforwards in the event of an &ldquo;ownership change,&rdquo; as
defined by Section 382. Generally, an &ldquo;ownership change&rdquo; occurs if the percentage of the value of the stock that is
owned by one or more direct or indirect &ldquo;five percent stockholders&rdquo; increases by more than 50% over their lowest ownership
percentage at any time during an applicable testing period (typically, three years). Under Section 382, if a corporation undergoes
an &ldquo;ownership change,&rdquo; that corporation&rsquo;s ability to use its pre-change NOL and tax credit carryforwards and
other pre-change tax attributes to offset its post-change income may be limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To discourage acquisitions of Common
Stock which could result in an &ldquo;ownership change,&rdquo; we entered into the Rights Agreement. Although the Rights Agreement
is intended to discourage acquisitions of Common Stock, which could result in an &ldquo;ownership change,&rdquo; it is possible
that an &ldquo;ownership change&rdquo; could occur as a result of the conversion of the 2025 Notes or as a result of future changes
in Common Stock ownership which may be outside of our control. If an &ldquo;ownership change&rdquo; occurs in the future, our use
of the NOL carryforwards or other tax attributes may be limited, which could potentially result in increased future tax liability
to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To the extent we elect to deliver
shares of Common Stock to a noteholder upon conversion, if any, of the 2025 Notes, such noteholder would be subject to our Rights
Agreement. Prior to investing in the 2025 Notes, you should consider the limitations imposed by the Rights Agreement. See &ldquo;<A HREF="#a11">Description of Capital Stock</A>&mdash;Common Stock&rdquo; in the accompanying prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>If securities analysts stop publishing research
or reports about us or our business, or if they downgrade the Common Stock, the market price of the Common Stock and, consequently,
the trading price of the notes, could decline.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The market for the Common Stock
relies in part on the research and reports that industry or financial analysts publish about us or our business. We do not control
these analysts. If any analyst who covers us downgrades our stock or lowers its future stock price targets or estimates of our
operating results, our stock price could decline rapidly. Furthermore, if any analyst ceases to cover our company, we could lose
visibility in the market. Each of these events could, in turn, cause the market price of the Common Stock to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><I>You should carefully consider the U.S. federal
income tax consequences of converting the notes.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The U.S. federal income tax treatment
of the conversion of the 2025 Notes into a combination of Common Stock and cash is not entirely certain. You should consult your
tax advisors with respect to the U.S. federal income tax consequences resulting from the conversion of 2025 Notes into a combination
of cash and Common Stock. A discussion of the U.S. federal income tax consequences of the purchase, ownership, conversion and disposition
of the 2025 Notes is contained in this prospectus under &ldquo;Material U.S. Federal Income Tax Consequences.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 0; text-indent: 16pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a7"></A><B>USE OF PROCEEDS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will receive no proceeds from the sale
of the notes and shares of Common Stock by the selling securityholders. The selling securityholders will pay any underwriting discounts
and commissions and any similar expenses they incur in disposing of the notes and shares of Common Stock. We will bear all other
costs, fees and expenses incurred in effecting the registration of the notes and shares of Common Stock covered by this prospectus.
These may include, without limitation, all registration, qualification and printing fees, listing fees, fees and expenses incident
to any required review by the Financial Industry Regulatory Authority, Inc. and fees and expenses of our counsel and accountants.</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a8"></A><B>THE SELLING SECURITYHOLDERS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus relates to the resale by
the selling securityholders named below, from time to time, of up to&nbsp;$80,000,000 aggregate principal amount of the notes,
and up to <FONT STYLE="font-size: 10pt">7,611,791</FONT> shares of Common Stock, representing the maximum number of shares of Common
Stock initially issuable upon conversion of the notes held by the selling securityholders, plus such additional indeterminate number
of shares of Common Stock as may become issuable upon conversion of the notes by reason of adjustment of the conversion rate pursuant
to the anti-dilution provisions of the notes. If all of the notes were converted into shares of Common Stock at the Initial Conversion
Rate, we would issue 6,343,168 shares of Common Stock to the selling securityholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We do not know when or in what amounts
the selling securityholders may sell or otherwise dispose of the notes and shares of Common Stock covered hereby. The selling securityholders
might not sell any, or may only sell a portion, of the notes and shares of Common Stock covered by this prospectus or may sell
or dispose of some or all of such notes and shares of Common Stock other than pursuant to this prospectus. Because the selling
securityholders may not sell or otherwise dispose of some or all of the notes and shares of Common Stock covered by this prospectus
and because there are currently no agreements, arrangements or understandings with respect to the sale or other disposition of
any of such notes and shares of Common Stock, we cannot estimate the number of notes and shares of Common Stock that will be held
by the selling securityholders after completion of the offering. For purposes of the table below, we have assumed that the selling
securityholders will have sold all of the notes and shares of Common Stock covered by this prospectus, and all the shares of Common
Stock covered by (a) the prospectus on Form 424B3 (12,212,775 shares owned by Golden Harbor Ltd. and 8,580,925 shares owned by
North Sound Trading, LP), filed with the Commission on February 12, 2019, and (b) the prospectus on Form 424B3 (11,627,729 shares
owned by Golden Harbor Ltd. and 2,346,070 shares owned by North Sound Trading, LP), filed with the Commission on May 20, 2019,
upon completion of the applicable offerings.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On August&nbsp;6, 2018, in accordance with
the terms of that certain Securities Purchase Agreement, dated August 6, 2018, by and among the Company, Golden Harbor Ltd. and
North Sound Trading, L.P., our board of directors (the &ldquo;Board&rdquo;) appointed James Avery, a representative of Golden Harbor
Ltd., and Brian Miller, a representative of North Sound Trading, LP, to serve as members of the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as described above, the selling
securityholders have not held any position or office or had any other material relationship with us or any of our predecessors
or affiliates within the past three years other than as a result of the ownership of our securities. We believe that: (a)&nbsp;no
selling securityholder is a broker-dealer or affiliate of a broker-dealer; (b)&nbsp;no selling securityholder has any direct or
indirect agreements or understandings with any person to distribute their shares; and (c)&nbsp;unless otherwise indicated in the
footnotes below, each selling securityholder has sole voting and investment power with respect to all shares beneficially owned.
In recognition of the fact that the selling securityholders may wish to be legally permitted to sell the securities when they deem
appropriate, we agreed with the selling securityholders to file a registration statement to register the resale of the notes and
the shares of Common Stock issuable upon conversion thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The table below presents information regarding
the selling securityholders and the notes and shares of Common Stock that they may sell or otherwise dispose of from time to time
under this prospectus. The percentage of beneficial ownership is based upon 97,018,396 shares of Common Stock issued and outstanding
as of June&nbsp;30, 2020. Beneficial ownership is determined under Section&nbsp;13(d)&nbsp;of the Exchange Act and generally includes
voting or investment power with respect to securities and includes any securities that grant the selling securityholders the right
to acquire Common Stock within 60 days of June&nbsp;30, 2020. Information in the table below is based on information provided by
or on behalf of the selling securityholders and on the Schedule 13D/A filed by Golden Harbor Ltd. on May 15, 2020 and the Schedule
13D/A filed by North Sound Trading, LP on May 15, 2020. Since the date on which the selling securityholders provided us with the
information below, the selling securityholders may have sold, transferred or otherwise disposed of some or all of their shares
in transactions exempt from the registration requirements of the Securities Act.</P>

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

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

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

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

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

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

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt"><B>Name of Selling
    Securityholders</B></FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Principal
    Amount at Maturity of Notes Beneficially Owned Prior to Offering</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Common
    Stock Beneficially Owned Prior to Offering (1)</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><P STYLE="text-align: center; margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"><FONT STYLE="font-size: 8pt"><B>Maximum
                                         Principal Amount at Maturity of Notes to be Sold Pursuant to this Prospectus</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Maximum
    Number of Shares of Common Stock to be Offered Pursuant to this Prospectus (2)</B></FONT><P STYLE="text-align: center; margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt"></P></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Notes<BR>
    Owned After Offering (3)</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

 <FONT STYLE="font-size: 8pt"><B>Common Stock Owned After Offering (3)</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Number</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Number</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Number</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Percent</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Number</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Percent</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="width: 20%; font-size: 10pt; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Golden Harbor Ltd. (4)</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">24,456,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">13,840,504</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">24,456,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">2,326,924</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">0</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">0%</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">0</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 7%; font-size: 10pt; text-align: right">0%</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">North Sound Trading, LP (5)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">55,544,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">7,026,995</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">55,544,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">5,284,867</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0%</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">0%</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%">(1)</TD>
    <TD STYLE="width: 96%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Common Stock beneficially owned prior to the offering
does not include any shares of Common Stock issuable upon conversion of the notes.</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(2)</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The maximum number of shares of Common Stock consists
of the maximum number of shares of Common Stock initially issuable upon conversion of the notes held by the selling securityholders,
respectively, at a conversion rate corresponding to the maximum conversion rate of 95.1474 shares of Common Stock per $1,000 principal
amount of the notes. In addition to the shares set forth in the table, the number of shares of Common Stock issuable upon conversion
of the notes may be adjusted by an indeterminate number of shares of Common Stock as may become issuable upon conversion of the
notes by reason of adjustment of the conversion rate pursuant to the anti-dilution provisions of the notes.&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(3)</TD>
    <TD>For purposes of this table, the Company assumes that all of the notes and shares of Common Stock covered by this prospectus and all the shares of Common Stock covered by (a) the prospectus on Form 424B3 (12,212,775 shares owned by Golden Harbor Ltd. and 8,580,925 shares owned by North Sound Trading, LP), filed with the Commission on February&nbsp;12, 2019, and (b) the prospectus on Form 424B3 (11,627,729 shares owned by Golden Harbor Ltd. and 2,346,070 shares owned by North Sound Trading, LP), filed with the Commission on May 20, 2019, will be sold by the selling securityholders.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(4)</TD>
    <TD>Golden Harbor Ltd. and Joe Lewis have shared voting and shared investment power with respect to all shares of Common Stock beneficially owned by Golden Harbor Ltd.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>(5)</TD>
    <TD>The shares are owned directly by North Sound Trading LP, a Delaware partnership. Brian Miller is the sole shareholder of North Sound Management, Inc., a Delaware corporation, which is, in turn, the general partner of North Sound Trading, LP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each time a selling securityholder sells
any securities offered by this prospectus, it is required to provide you with this prospectus and the related prospectus supplement,
if any, containing specific information about such selling securityholder and the terms of the securities being offered in the
manner required by the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No offer or sale may occur unless the registration
statement that includes this prospectus has become effective and remains effective at the time a selling securityholder offers
or sells the securities being offered. We are required, under certain circumstances, to update, supplement or amend this prospectus
to reflect material developments in our business, financial position and results of operations and may do so by an amendment to
this prospectus, a prospectus supplement or a future filing with the Commission incorporated by reference in this prospectus.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a9"></A>PLAN OF DISTRIBUTION</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling securityholders may, from time
to time, sell, transfer or otherwise dispose of the notes and shares of Common Stock or interests in the notes or shares of Common
Stock covered hereby:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">on any stock exchange, market or trading facility on which the shares are traded or in private transactions; or</TD></TR>

<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">through underwriters, broker-dealers or agents, who may receive compensation in the form of discounts, commissions or agent&rsquo;s commissions from the selling securityholders or the purchasers of the notes and shares of Common Stock (these discounts, concessions or commissions may be in excess of those customary in the types of transactions involved).</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">These dispositions may be at fixed prices,
at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined
at the time of sale, at negotiated prices, or without cash consideration.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling securityholders may use any
one or more of the following methods when disposing of shares or interests therein:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">sales on any national securities exchange or quotation on which the notes and shares of Common Stock may be listed or quoted at the time of the sale;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">sales in the over-the-counter market;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">sales in transactions other than on such exchanges or services or in the over-the-counter market;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">block trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a portion of the block as principal to facilitate the transaction;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">purchases by a broker-dealer as principal and resale by the broker-dealer for its account;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">sales &ldquo;at the market&rdquo; to or through a market maker or into an existing trading market, on an exchange or otherwise;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">an exchange distribution in accordance with the rules of the applicable exchange;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">privately negotiated transactions;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">short sales effected after the date the registration statement of which this prospectus is a part is declared effective by the Commission;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">broker-dealers may agree with the selling securityholders to sell a specified number of such shares at a stipulated price per share;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">a combination of any such methods of sale or distribution; and</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.25in">&bull;</TD>
    <TD STYLE="vertical-align: top">any other method permitted by applicable law.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling securityholders may, from time
to time, pledge or grant a security interest in some or all of the notes or shares of Common Stock owned by them and, if they default
in the performance of their secured obligations, the pledgees or secured parties may offer and sell the notes and shares of Common
Stock, from time to time, under this prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or other applicable
provision of the Securities Act amending the list of selling securityholders to include the pledgee, transferee or other successors
in interest of the selling securityholders under this prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the sale of the notes
and shares of Common Stock or interests therein, the selling securityholders may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the notes and shares of Common Stock in the course
of hedging the positions they assume. The selling securityholders may also sell the notes and shares of Common Stock short and
deliver these securities to close out their short positions, or loan or pledge the notes or shares of Common Stock to broker-dealers
or other financial institutions that in turn may sell these securities. The selling securityholders may also enter into option
or other transactions with broker-dealers or other financial institutions for the creation of one or more derivative securities
which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares
such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect
such transaction).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The aggregate proceeds to the selling securityholders
from the sale of the notes and shares of Common Stock offered by them will be the purchase price of the notes and shares of Common
Stock less discounts or commissions, if any. The selling securityholders reserve the right to accept and, together with their agents
from time to time, to reject, in whole or in part, any proposed purchase of the notes and shares of Common Stock to be made directly
or through such agents. We will not receive any of the proceeds from this offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling securityholders also may resell
all or a portion of the notes and shares of Common Stock in open market transactions in reliance upon Rule&nbsp;144 under the Securities
Act provided that they meet the criteria and conform to the requirements of that rule.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The selling securityholders and any underwriters,
broker-dealers or agents that participate in the sale of the notes and shares of Common Stock or interests therein may be &ldquo;underwriters&rdquo;
within the meaning of Section&nbsp;2(11) of the Securities Act. Any discounts, commissions, concessions or profit they earn on
any resale of the securities may be underwriting discounts and commissions under the Securities Act. If a selling securityholder
is an &ldquo;underwriter&rdquo; within the meaning of Section&nbsp;2(11) of the Securities Act, it will be subject to the prospectus
delivery requirements of the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">To the extent required, the notes and shares
of Common Stock to be sold, the names of the selling securityholders, the purchase prices and public offering prices, the names
of any agents, dealers or underwriters and any applicable commissions or discounts with respect to a particular offer will be set
forth in an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement that
includes this prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In order to comply with the securities
laws of some states, if applicable, the notes and shares of Common Stock may be sold in these jurisdictions only through registered
or licensed brokers or dealers. In addition, in some states the notes and shares of Common Stock may not be sold unless they have
been registered or qualified for sale or an exemption from registration or qualification requirements is available and is complied
with.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have advised the selling securityholders
that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of securities in the market and to the
activities of the selling securityholders and their affiliates. In addition, to the extent applicable, we will make copies of this
prospectus (as it may be supplemented or amended from time to time) available to the selling securityholders for the purpose of
satisfying the prospectus delivery requirements of the Securities Act. The selling securityholders may indemnify any broker-dealer
that participates in transactions involving the sale of the securities against certain liabilities, including liabilities arising
under the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may agree to indemnify the selling securityholders
against certain liabilities, including under the Securities Act and state securities laws, relating to the registration of the
securities offered by this prospectus.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a10"></A><B>DESCRIPTION OF NOTES</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 2025 Notes have been issued under a
base indenture and a supplemental indenture (together, the &ldquo;indenture&rdquo;), each between us and Wilmington Trust, National
Association, as trustee (the &ldquo;trustee&rdquo;), dated as of May 12, 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following is a summary of certain provisions
of the 2025 Notes and the indenture. It is only a summary and is not complete. We qualify this summary by referring you to the
indenture and the 2025 Notes, which have been filed with the Commission as exhibits to our registration statement, of which this
prospectus forms a part, because they, and not this summary, define your rights as a holder of the 2025 Notes. We have included
the indenture, which includes the form of the 2025 Notes, as an exhibit to our registration statement, of which this prospectus
forms a part.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, the indenture and the 2025
Notes are deemed to include certain terms that are made a part of the indenture and the 2025 Notes pursuant to the Trust Indenture
Act of 1939, as amended (the &ldquo;Trust Indenture Act&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Certain terms used in this summary are
defined below under the caption &ldquo;&mdash;Definitions.&rdquo; Certain other terms used in this summary are defined in the indenture.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">References to &ldquo;we,&rdquo; &ldquo;us&rdquo;
and &ldquo;our&rdquo; in this section refer to Inseego Corp. only and not to any of its subsidiaries. References to any &ldquo;note&rdquo;
in this section refer to any authorized denomination of a note, unless the context requires otherwise.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The 2025 Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>are our senior, unsecured obligations;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 1pt">bear interest from, and including May 12, 2020, at an annual rate of 3.25%, payable semi-annually
in arrears on May 1 and November 1 of each year, beginning on November 1, 2020;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 21pt">bear special interest in the circumstances described below under the caption &ldquo;&mdash;Events
of Default&mdash;Special Interest as Sole Remedy for Certain Reporting Defaults&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>mature on May 1, 2025, unless earlier repurchased, redeemed or converted;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 27pt">will be redeemable, in whole or in part, at our option, on or after May 6, 2023 in the circumstances
described below under the caption &ldquo;&mdash;Optional Redemption&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>will be subject to repurchase by us at the noteholders&rsquo; option if a &ldquo;fundamental change&rdquo; (as defined below
under the caption &ldquo;&mdash;Definitions&rdquo;) occurs, at a cash repurchase price equal to the principal amount of the notes
to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date (subject
to the right of noteholders on a record date to receive the related interest payment), as described, and subject to the limited
exception set forth, below under the caption &ldquo;&mdash;Fundamental Change Permits Noteholders to Require Us to Repurchase Notes&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>are convertible, at the noteholders&rsquo; option, subject to the conversion limitation described below under &ldquo;&mdash;Conversion
Rights&mdash;Conversion Limitation,&rdquo; into shares of Common Stock (together with cash in lieu of any fractional share, if
applicable), at an initial conversion rate of 79.2896 shares of Common Stock per $1,000 principal amount of notes (which represents
an initial conversion price of approximately $12.61 per share), subject to the adjustments described below under the caption &ldquo;&mdash;Conversion
Rights&rdquo;, and an interest make-whole payment, if applicable, as described under &ldquo;&mdash; Interest Make-Whole Payment&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>are issued in principal amount denominations of a minimum of $1,000 or any integral multiple of $1,000 in excess thereof, which
we refer to as an &ldquo;authorized denomination&rdquo;; and</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 6pt">are represented by one or more registered notes in global form, but may, in certain circumstances,
be exchanged for notes in definitive form, as described below under the caption &ldquo;&mdash;Book Entry, Settlement and Clearance.&rdquo;</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The indenture does not contain
any financial covenants and does not limit us or our subsidiaries from incurring additional indebtedness, paying dividends or issuing
or repurchasing any securities. Except to the extent described below under the captions &ldquo;&mdash;Conversion Rights&mdash;Increase
in Conversion Rate in Connection with a Make-Whole Fundamental Change,&rdquo; &ldquo;&mdash;Fundamental Change Permits Noteholders
to Require Us to Repurchase Notes&rdquo; and &ldquo;&mdash; Consolidation, Merger and Asset Sale,&rdquo; the indenture does not
contain any provisions designed to protect noteholders upon a highly leveraged transaction involving us or a decline in our credit
rating as a result of a recapitalization, takeover, highly leveraged transaction or other restructuring involving us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.7pt 0pt 0; text-indent: 11.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Without the consent of any noteholder,
we may issue additional 2025 Notes under the indenture with the same terms as the notes and the Underwritten Notes (except for
certain differences, such as the date as of which interest begins to accrue and the first interest payment date for such additional
2025 Notes). However, such additional notes must be identified by a separate CUSIP number or by no CUSIP number if they are not
fungible, for federal income tax or federal securities laws purposes, with other 2025 Notes we issue under the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 11.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have not and do not intend
to list the 2025 Notes on any securities exchange or include them in any automated inter-dealer quotation system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-indent: 11.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-indent: 0.5in">Absent manifest error, a person
in whose name a 2025 Note is registered on the registrar&rsquo;s books will be considered to be the holder of that 2025 Note for
all purposes, and only registered noteholders (which, in the case of notes held through DTC, will initially be DTC&rsquo;s nominee,
Cede &amp; Co.) will have rights under the indenture as noteholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">Subject to applicable law, we or
our subsidiaries may directly or indirectly repurchase 2025 Notes in the open market or otherwise, whether through private or public
tender or exchange offers, cash-settled swaps or other cash-settled derivatives. The indenture will require us to promptly deliver
to the trustee for cancellation all 2025 Notes that we or our subsidiaries have purchased or otherwise acquired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">We will pay (or cause the paying
agent to pay) the principal of, and interest on, any global note by wire transfer of immediately available funds. We will pay (or
cause the paying agent to pay) the principal of, and interest on, any certificated note as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.2pt"></TD><TD STYLE="width: 10.8pt">&bull;</TD><TD STYLE="padding-right: 9pt">if the principal amount of such note is at least $5.0 million (or such lower amount as we may choose
in our sole and absolute discretion) and the holder of such note entitled to such payment has delivered to the paying agent or
the trustee, no later than the time set forth below, a written request to receive payment by wire transfer to an account of such
holder within the United States, by wire transfer of immediately available funds to such account; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 11.2pt"></TD><TD STYLE="width: 10.8pt">&bull;</TD><TD>in all other cases, by check mailed to the address of such holder set forth in the note register.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0; text-indent: 0.5in">To be timely, a written request
referred to in the first bullet point above must be delivered no later than the &ldquo;close of business&rdquo; (as defined below
under the caption &ldquo;&mdash;Definitions&rdquo;) on the following date (a) with respect to the payment of any interest due on
an interest payment date, the immediately preceding record date; and (b) with respect to any other payment, the date that is 15
calendar days immediately before the date such payment is due.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the due date for a payment on a note
is not a &ldquo;business day&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;), then such payment may
be made on the immediately following business day and no interest will accrue on such payment as a result of the related delay.
Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required
by law or executive order to close or be closed will be deemed not to be a &ldquo;business day.&rdquo;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">We will maintain one or more offices
or agencies in the contiguous United States where 2025 Notes may be presented for registration of transfer or for exchange, payment
and conversion, which we refer to as the &ldquo;registrar,&rdquo; &ldquo;paying agent&rdquo; and &ldquo;conversion agent,&rdquo;
respectively. We have appointed the trustee as the initial registrar, paying agent and conversion agent and its office in the United
States as a place where 2025 Notes may be presented for payment. However, we may change the registrar, paying agent and conversion
agent, and we or any of our subsidiaries may choose to act in that capacity as well, without prior notice to the noteholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-align: justify; text-indent: 0.5in">A noteholder
may transfer or exchange its 2025 Notes at the office of the registrar in accordance with the indenture. We, the trustee and the
registrar may require the noteholder to, among other things, deliver appropriate endorsements or transfer instruments, and such
certificates or other documentation or evidence as we or they may reasonably require to determine that such transfer or exchange
complies with applicable securities laws. In addition, we, the trustee and the registrar may refuse to register the transfer or
exchange of any note that is subject to conversion, redemption or required repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-align: justify; text-indent: 0.5in">We have appointed
the trustee&rsquo;s office in the United States as a place where 2025 Notes may be presented for registration of transfer or for
exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-align: justify; text-indent: 0.5in">However,
we may change the registrar or act as the registrar ourselves without prior notice to the noteholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">The 2025 Notes bear cash interest
at an annual rate of 3.25%, payable semi-annually in arrears on May 1 and November 1 of each year, beginning on November 1, 2020,
to the noteholders of record of the 2025 Notes as of the close of business on the immediately preceding April 15 and October 15,
respectively. Interest accrues from, and including, the last date to which interest has been paid or duly provided for (or, if
no interest has been paid or duly provided for, from, and including, the date the 2025 Notes are initially issued) to, but excluding,
the next interest payment date. Interest is computed on the basis of a 360-day year comprised of twelve 30-day months and, for
a partial month, on the basis of the number of days actually elapsed in a 30-day month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">In addition to the stated interest
on the 2025 Notes referred to above, special interest will accrue on the 2025 Notes in the circumstances described below under
the caption &ldquo;&mdash;Events of Default&mdash;Special Interest as Sole Remedy for Certain Reporting Defaults.&rdquo; All references
in this prospectus to interest on the 2025 Notes include any special interest payable on the 2025 Notes, unless the context requires
otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the last reported sale price of the
Common Stock for each of the five trading days immediately preceding a conversion date is greater than or equal to $10.51 (which
price is subject to adjustment in a manner directly inverse to the manner in which, but otherwise at the same time and for the
same events for which, the conversion rate is required to be adjusted pursuant to the provisions described under the caption &ldquo;Description
of Notes&mdash;Conversion Rate Adjustments&mdash;Generally&rdquo;), we will, in addition to the other consideration payable or
deliverable in connection with any conversion of 2025 Notes, make an interest make-whole payment (an &ldquo;interest make-whole
payment&rdquo;) to the converting holder equal to the sum of the present values of the scheduled payments of interest that would
have been made on the 2025 Notes to be converted had such 2025 Notes remained outstanding from the conversion date through the
earlier of (a) the date that is three years after the conversion date and (b) the maturity date if the 2025 Notes had not been
so converted or otherwise repurchased.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">If a conversion date occurs after
the close of business on a regular record date for the payment of interest but prior to the open of business on the interest payment
date corresponding to such regular record date, we will not pay accrued interest to any converting holder and will instead pay
the full amount of the relevant interest payment on such interest payment date to the holder of record on such regular record date.
In such case, the interest make-whole payment to such converting holders will equal the present value of all remaining interest
payments, starting with the next interest payment date for which interest has not been provided for until the earlier of (a) the
date that is three years after the conversion date and (b) the maturity date if the 2025 Notes had not been so converted or otherwise
repurchased.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">The present values will be computed
using a discount rate equal to 1.0% by a U.S. nationally recognized independent investment banking firm, which may be the underwriter
of this offering, retained by us for this purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">We will satisfy our obligation
to pay any interest make-whole payment, at our election, in cash or shares of Common Stock (together with cash in lieu of any fractional
share). We initially elect to settle any interest make-whole payment in shares of Common Stock (together with cash in lieu of any
fractional share). In order to make an election to pay any interest make-whole payment in cash or in shares of Common Stock (together
with cash in lieu of any fractional share), we will be permitted to make an election by delivering notice of our election to the
holders, the trustee and the paying agent (if not the trustee) no earlier than 30 scheduled trading days prior to, but no later
than 15 scheduled trading days before, the first scheduled trading day of each calendar quarter that begins on or after July 1,
2020, which election will be effective from the period that begins at the open of business on the first scheduled trading day of
such calendar quarter and ends immediately prior to the open of business on the first scheduled trading day of the immediately
succeeding calendar quarter. If we do not make such election, the payment of any interest make-whole payment shall be in shares
of Common Stock (together with cash in lieu of any fractional share).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If we pay an interest make-whole payment
in shares of Common Stock, then the number of shares of Common Stock (together with cash in lieu of any fractional share) a holder
will receive will be that number of shares that have a value equal to the amount of the interest make-whole payment to be paid
to such holder in shares, divided by the product of the simple average of the daily VWAP of Common Stock for the five VWAP trading
days immediately preceding the conversion date; <I>provided,</I> that in no event will the effective conversion price of the 2025
Notes, after giving effect to any interest make-whole payment (whether paid in cash or shares of Common Stock (together with cash
in lieu of any fractional share)), be less than $10.51, which price is subject to adjustment in a manner directly inverse to the
manner in which, but otherwise at the same time and for the same events for which, the conversion rate is required to be adjusted
pursuant to the provisions described below under the caption &ldquo;&mdash;Conversion Rate Adjustments&mdash;Generally&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">Notwithstanding the foregoing,
if in connection with any conversion the conversion rate is adjusted as described under &ldquo;&mdash;Conversion Rights&mdash;Increase
to Conversion Rate upon Conversion upon a Make-Whole Fundamental Change,&rdquo; then such holder will not receive the interest
make-whole payment with respect to such note. None of the trustee, paying agent or conversion agent shall be responsible for determining
or calculating the interest make-whole payment or the daily VWAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">The 2025 Notes are our general unsecured obligations
that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>rank senior in right of payment to all of our indebtedness that is expressly subordinated in right of payment to the 2025 Notes;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>rank equal in right of payment with all of our indebtedness that are not so subordinated, including our outstanding 2022 Notes;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>effectively rank junior to any of our secured indebtedness to the extent of the value of the assets securing such indebtedness;
and</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 6pt">rank structurally junior to all indebtedness and other liabilities of our subsidiaries (including
trade payables, but excluding intercompany obligations and liabilities of a type not required to be reflected on a balance sheet
of such subsidiaries in accordance with GAAP).</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10pt 0pt 0; text-indent: 0.5in">The indenture does not prohibit
us from incurring additional indebtedness, including secured indebtedness, which would be effectively senior to the 2025 Notes
to the extent of the value of the collateral securing that indebtedness, or indebtedness that would rank equal in right of payment
with the 2025 Notes. The indenture also does not prohibit our subsidiaries from incurring any additional indebtedness or other
liabilities that would be structurally senior to our obligations under the 2025 Notes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">In the event of our bankruptcy,
liquidation, reorganization or other winding up, our assets that secure any indebtedness will not be available to make payments
under the 2025 Notes unless all of that indebtedness is first paid in full. We advise you that there may not be sufficient assets
remaining to pay amounts due on any or all the 2025 Notes then outstanding. In the event of the bankruptcy, liquidation, reorganization
or other winding up of any of our subsidiaries, we, as a common equity holder of that subsidiary, and, therefore, the noteholders,
will rank behind that subsidiary&rsquo;s creditors, including that subsidiary&rsquo;s trade creditors, and (to the extent we are
not a holder thereof) that subsidiary&rsquo;s preferred equity holders. Even if we were a creditor of any of our subsidiaries,
our rights as a creditor would be effectively subordinated to any security interest of others in the assets of that subsidiary,
to the extent of the value of those assets, and would be subordinated to any indebtedness of that subsidiary that is senior in
right of payment to that held by us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">Our subsidiaries have no obligations
under the 2025 Notes. The ability of our subsidiaries to pay dividends or make other payments to us is restricted by, among other
things, corporate and other laws and by agreements to which our subsidiaries may become a party. Accordingly, we may be unable
to gain access to the cash flow or assets of our subsidiaries to enable us to make payments on the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may not redeem the 2025 Notes at our
option at any time before May 6, 2023. Subject to the terms of the indenture, we have the right, at our election, to redeem all,
or any portion in an authorized denomination, of the 2025 Notes, at any time and from time to time, on a redemption date occurring
on or after May 6, 2023 and on or before the &ldquo;scheduled trading day&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;)
immediately before the maturity date, for cash, but only if the &ldquo;last reported sale price&rdquo; (as defined below under
the caption &ldquo;&mdash;Definitions&rdquo;) per share of Common Stock exceeds 130% of the &ldquo;conversion price&rdquo; (as
defined below under the caption &ldquo;&mdash;Definitions&rdquo;) on (a) each of at least 20 &ldquo;trading days&rdquo; (as defined
below under the caption &ldquo;&mdash;Definitions&rdquo;), whether or not consecutive, during the 30 consecutive trading days ending
on, and including, the trading day immediately before the date we send the related redemption notice and (b) the trading day immediately
before the date we send such notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0; text-indent: 0.5in">The redemption date will be a
business day of our choosing that is no more than 60, nor less than 30, calendar days after the date we send the related redemption
notice, as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">The redemption price for any note
called for redemption will be the principal amount of such note plus accrued and unpaid interest on such note to, but excluding,
the redemption date. However, if the redemption date is after a regular record date and on or before the next interest payment
date, then (a) the holder of such note at the close of business on such regular record date will be entitled, notwithstanding such
redemption, to receive, on or, at our election, before such interest payment date, the unpaid interest that would have accrued
on such note to, but excluding, such interest payment date and (b) the redemption price will not include accrued and unpaid interest
on such note to, but excluding, such redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">We will send to each noteholder
notice of the redemption containing certain information set forth in the indenture, including the redemption price and the redemption
date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">Notes called for redemption must
be delivered to the paying agent (in the case of certificated 2025 Notes) or the &ldquo;depositary procedures&rdquo; (as defined
below under the caption &ldquo;&mdash;Definitions&rdquo;) must be complied with (in the case of global 2025 Notes) for the holder
of those 2025 Notes to be entitled to receive the redemption price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10pt 0pt 0; text-indent: 0.5in">If only a portion of a note is
subject to redemption and that note is converted in part, then the converted portion of that note will be deemed to be from the
portion of that note that was subject to redemption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the
contrary above, we may not redeem any 2025 Notes if the principal amount of the 2025 Notes has been accelerated (other than as
a result of a failure to make the payment of the related redemption price and any related interest described above on the redemption
date) and such acceleration has not been rescinded on or before the redemption date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt"><I>Generally</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">The 2025 Notes (or any portion
of a note in an authorized denomination) are convertible, at the noteholders&rsquo; option, subject to the conversion limitation
described below under &ldquo;&mdash;Conversion Rights&mdash;Conversion Limitation,&rdquo; into shares of Common Stock (together
with cash in lieu of any fractional share, if applicable) at an initial conversion rate of 79.2896 shares of Common Stock per $1,000
principal amount of 2025 Notes (which represents an initial conversion price of approximately $12.61 per share) and the interest
make-whole payment, if applicable, as set forth above under &ldquo;&mdash;Interest Make-Whole Payment&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">Noteholders may convert their
2025 Notes at their option until the close of business on the scheduled trading day immediately before the maturity date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt"><I>Treatment of Interest upon Conversion</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10pt 0pt 0; text-indent: 0.5in">We will not adjust the conversion
rate to account for any accrued and unpaid interest on any note being converted, and, except as described below, our delivery of
the consideration due in respect of the conversion will be deemed to fully satisfy and discharge our obligation to pay the principal
of, and accrued and unpaid interest, if any, on, such note. As a result, except as described below and in &ldquo;&mdash;Interest
Make-Whole Payment&rdquo; described above, any accrued and unpaid interest on a converted note will be deemed to be paid in full
rather than cancelled, extinguished or forfeited. In addition, if the consideration due upon conversion consists of both cash and
shares of Common Stock, then accrued and unpaid interest that is deemed to be paid therewith will be deemed to be paid first out
of such cash.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the
contrary above, if the conversion date of a note is after a regular record date and before the next interest payment date, then:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 5pt">the holder of such note at the close of business on such regular record date will be entitled, notwithstanding
such conversion, to receive, on or, at our election, before such interest payment date, the unpaid interest that would have accrued
on such note to, but excluding, such interest payment date; and</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 5pt">the noteholder surrendering such note for conversion must deliver, at the time it surrenders such
note, an amount of cash equal to the amount of such interest.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">However, such noteholder need not deliver such cash:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>for 2025 Notes in respect of which an interest make-whole payment is payable upon conversion;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>if we have specified a redemption date that is after such regular record date and on or before the business day immediately
after such interest payment date;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>if such conversion date occurs after the regular record date immediately before the maturity date;</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 12pt">if we have specified a &ldquo;fundamental change repurchase date&rdquo; (as
defined below under the caption &ldquo;&mdash;Fundamental Change Permits Noteholders to Require Us to Repurchase Notes&rdquo;)
that is after such regular record date and on or before the business day immediately after such interest payment date; or</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>to the extent of any overdue interest or interest that has accrued on any overdue interest.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">Accordingly, for the avoidance
of doubt, all noteholders as of the close of business on the regular record date immediately before the maturity date will receive
the full interest payment that would have been due on the maturity date regardless of whether their 2025 Notes have been converted
after such regular record date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><I>When the Notes May Be Converted</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A noteholder may convert all or any part
of its 2025 Notes at any time until the close of business on the scheduled trading day immediately before the maturity date, subject
to the conversion limitation described below under &ldquo;&mdash;Conversion Rights&mdash;Conversion Limitation&rdquo;.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">To convert a beneficial interest in a global note,
the owner of the beneficial interest must:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0">comply with the depositary procedures for converting the beneficial interest (at which time such conversion will become irrevocable);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0">if applicable, pay any interest payable on the next interest payment date, as described above under
the caption &ldquo;&mdash;Treatment of Interest upon Conversion&rdquo;; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0">if applicable, pay any documentary or other taxes as described below.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">To convert all or a portion of a physical note, the
holder of such note must:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>complete, manually sign and deliver to the conversion agent the conversion notice attached to such note or a facsimile of such
conversion notice;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>deliver such note to the conversion agent (at which time such conversion will become irrevocable);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>furnish any endorsements and transfer documents that we or the conversion agent may require;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="padding-right: 34pt">if applicable, pay any interest payable on the next interest payment date, as described above under
the caption &ldquo;&mdash;Treatment of Interest upon Conversion&rdquo;; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD>if applicable, pay any documentary or other taxes as described below.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Notes may be surrendered for conversion
only after the &ldquo;open of business&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;) and before
the close of business on a day that is a business day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">We will pay any documentary, stamp
or similar issue or transfer tax or duty due on the issue of any shares of Common Stock upon conversion, except any tax or duty
that is due because the converting noteholder requests those shares to be registered in a name other than the noteholder&rsquo;s
name.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">We refer to the first business
day on which the requirements described above to convert a note are satisfied as the &ldquo;conversion date.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">If a noteholder has validly delivered
a &ldquo;fundamental change repurchase notice&rdquo; (as defined below under the caption &ldquo;&mdash;Fundamental Change Permits
Noteholders to Require Us to Repurchase Notes&rdquo;) with respect to a note, then such note may not be converted, except to the
extent such notice is withdrawn in accordance with the procedures described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B><I>Settlement upon Conversion</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Upon conversion, we will deliver
to holders in respect of each $1,000 principal amount of 2025 Notes being converted a number of shares of Common Stock equal to
the conversion rate, together with a cash payment in lieu of delivering any fractional share of Common Stock issuable upon conversion
based on the last reported sale price of Common Stock on the relevant conversion date and, with respect to an interest make-whole
payment satisfied with shares of Common Stock, based on the simple average of the daily VWAP of Common Stock for the five VWAP
trading days immediately preceding the conversion date. We will deliver the consideration due in respect of conversion, including
the interest make-whole payment, if applicable, on the second business day immediately following the relevant conversion date.
Notwithstanding anything to the contrary, in no event will the effective conversion price of the 2025 Notes, after giving effect
to any interest make-whole payment (whether paid in cash or shares of Common Stock (together with cash in lieu of any fractional
share)), be less than $10.51, which price is subject to adjustment in a manner directly inverse to the manner in which, but otherwise
and at the same time and for the same events for which, the conversion rate is required to be adjusted pursuant to the provisions
described below under the caption &ldquo;&mdash;Conversion Rate Adjustments&mdash;Generally&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">If a noteholder
converts more than one note on a conversion date, then the consideration due upon such conversion will (in the case of any global
note, to the extent permitted by, and practicable under, the depositary procedures) be computed based on the total principal amount
of 2025 Notes converted on such conversion date by that noteholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><I>When Converting Noteholders Become Stockholders
of Record</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">The person in whose name any share
of Common Stock is issuable upon conversion of any note will be deemed to become the holder of record of that share as of the close
of business on the conversion date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 12pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Consistent with our intent to preserve
the availability of our NOLs under the Code, holders of 2025 Notes are subject to the conversion limitation described below. For
purposes of the Rights Agreement, prior to the conversion and receipt of Common Stock, the 2025 Notes will not be taken into account
in determining beneficial ownership and whether a person is an &ldquo;Acquiring Person&rdquo; for purposes of the Rights Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><I>Section 382 Conversion Blocker</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">The indenture provides that, for
so long as the Rights Agreement is in effect, no beneficial owner of 2025 Notes will be entitled to receive shares of Common Stock
upon conversion of the 2025 Notes and any delivery of shares of Common Stock upon conversion of such 2025 Notes will be void and
of no effect, (a) if the beneficial owner of such 2025 Notes is an Acquiring Person (as defined in the Rights Agreement) or (b)
to the extent (but only to the extent) that such receipt or delivery would cause such beneficial owner to become an Acquiring Person
(as defined in the Rights Agreement), unless, in either case, such beneficial owner has received prior approval of our board of
directors (the &ldquo;Section 382 conversion blocker&rdquo;). An &ldquo;Acquiring Person&rdquo; under the Rights Agreement generally
means any person, entity or group that is or has become, together with its affiliates, associates and other persons, entities or
groups with whom it is acting in concert, the beneficial owner (as defined in the Rights Agreement) of 4.9% or more of the shares
of Common Stock then outstanding, unless excluded from the definition of Acquiring Person under the Rights Agreement. If any delivery
of shares of Common Stock owed to a beneficial owner upon conversion of 2025 Notes is not made, in whole or in part, as a result
of the Section 382 conversion blocker, our obligation to make such delivery shall not be extinguished and we shall deliver such
shares as promptly as practicable after (i) such beneficial owner is not an Acquiring Person (as defined in the Rights Agreement
(for the avoidance of doubt regardless of whether such Rights Agreement is then in effect)) and (ii) such delivery would not result
in such beneficial owner being an Acquiring Person (as defined in the Rights Agreement (for the avoidance of doubt regardless of
whether such Rights Agreement is then in effect)) and such beneficial owner gives notice thereof to us. See &ldquo;<A HREF="#a11">Description of Capital Stock</A>&mdash; Anti-Takeover Effects of Our Rights Agreement&rdquo; of the accompanying prospectus for further information.
See &ldquo;<A HREF="#a6">Risk Factors</A>&mdash;Risks Related to the Notes and this Offering&mdash;Beneficial owners of notes cannot receive shares
of our Common Stock upon conversion of their notes in excess of the amount described below while the Section 382 conversion blocker
is in effect with respect to such notes.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 13.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">In providing such notice, and in
exercising its right of conversion, such beneficial owner will be deemed to have represented to us that the restrictions described
above in clauses (i) and (ii) of the preceding paragraph do not and will not apply to such beneficial owner as a result of such
conversion. For the avoidance of doubt, the Section 382 conversion blocker described in the preceding paragraph shall apply to
any exercise of a conversion right by a holder of 2025 Notes, but in the case of global 2025 Notes, only to the extent that such
restrictions apply to the owners of beneficial interests in such global 2025 Notes other than participants of DTC who hold beneficial
interests in the 2025 Notes on behalf of other persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in"><I>Exceptions</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">The board of directors will have
the discretion to approve transfers that would otherwise be restricted by the Section 382 conversion blocker.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Each purchaser of the 2025 Notes,
by accepting such 2025 Notes, agrees to the Section 382 conversion blocker. This representation and warranty is part of the consideration
for issuance of the notes in this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 23pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B><I>Conversion Rate Adjustments</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">The conversion rate will be adjusted for
the events described below. However, we are not required to adjust the conversion rate for these events (other than a stock split
or combination or a tender or exchange offer) if each noteholder participates, at the same time and on the same terms as holders
of Common Stock, and solely by virtue of being a holder of 2025 Notes, in such transaction or event without having to convert such
noteholder&rsquo;s 2025 Notes and as if such noteholder held a number of shares of Common Stock equal to the product of (a) the
conversion rate in effect on the related record date and (b) the aggregate principal amount (expressed in thousands) of 2025 Notes
held by such noteholder on such date.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4pt"></TD><TD STYLE="width: 22.6pt">(1)</TD><TD><I>Stock Dividends, Splits and Combinations</I>. If we issue solely shares of Common Stock as a dividend or distribution on
all or substantially all shares of Common Stock, or if we effect a stock split or a stock combination of Common Stock (in each
case excluding an issuance solely pursuant to a common stock change event, as to which the provisions described below under the
caption &ldquo;&mdash;Effect of Common Stock Change Event&rdquo; will apply), then the conversion rate will be adjusted based on
the following formula:</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD ROWSPAN="2" STYLE="width: 25%; padding-left: 0.25in; text-align: right">CR<SUB>1</SUB> = CR<SUB>0</SUB> &times;</TD>
    <TD STYLE="vertical-align: top; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid">OS<SUB>1</SUB></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">OS<SUB>0</SUB></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">where:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><I>CR<SUB>0</SUB></I></TD>
    <TD STYLE="width: 0.5in">=</TD>
    <TD>the conversion rate in effect immediately before the close of business on the record date for such dividend or distribution, or immediately before the open of business on the effective date of such stock split or stock combination, as applicable;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>CR<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the conversion rate in effect immediately after the close of business on such record date or the open of business on such effective date, as applicable;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>OS<SUB>0</SUB></I></TD>
    <TD>=</TD>
    <TD>the number of shares of Common Stock outstanding immediately before the close of business on such record date or effective date, as applicable, without giving effect to such dividend, distribution, stock split or stock combination; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>OS<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, stock split or stock combination.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">Each adjustment to the conversion
rate made pursuant to the preceding sentence will become effective at the time set forth in the definition of CR1 above. If any
dividend, distribution, stock split or stock combination of the type described in this paragraph (1) is declared or announced,
but not so paid or made, then the conversion rate will be readjusted, effective as of the date our &ldquo;board of directors&rdquo;
(as defined below under the caption &ldquo;&mdash;Definitions&rdquo;) determines not to pay such dividend or distribution or to
effect such stock split or stock combination, to the conversion rate that would then be in effect had such dividend, distribution,
stock split or stock combination not been declared or announced.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4pt"></TD><TD STYLE="width: 22.6pt">(2)</TD><TD STYLE="padding-right: 7pt"><I>Rights, Options and Warrants</I>. If we distribute, to all or substantially all holders of Common
Stock, rights, options or warrants (other than rights issued pursuant to a stockholder rights plan, to which the provisions below
under clause (3)(a) and under the caption &ldquo;&mdash;Stockholder Rights Plans&rdquo; will apply) entitling such holders, for
a period of not more than 45 calendar days after the record date of such distribution, to subscribe for or purchase shares of Common
Stock at a price per share that is less than the average of the last reported sale prices per share of Common Stock for the 10
consecutive trading days ending on, and including, the trading day immediately before the date such distribution is announced,
then the conversion rate will be increased based on the following formula:</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD ROWSPAN="2" STYLE="width: 25%; text-align: center">CR<SUB>1</SUB> = CR<SUB>0</SUB> &times;</TD>
    <TD STYLE="vertical-align: top; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">OS + X</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">OS + Y</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">where:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><I>CR<SUB>0</SUB></I></TD>
    <TD STYLE="width: 0.5in">=</TD>
    <TD>the conversion rate in effect immediately before the close of business on the record date for such distribution;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>CR<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the conversion rate in effect immediately after the close of business on such record date;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>OS</I></TD>
    <TD>=</TD>
    <TD>the number of shares of Common Stock outstanding immediately before the close of business on such record date;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>X</I></TD>
    <TD>=</TD>
    <TD>the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>Y</I></TD>
    <TD>=</TD>
    <TD>a number of shares of Common Stock obtained by dividing (x) the aggregate price payable to exercise such rights, options or warrants by (y) the average of the last reported sale prices per share of Common Stock for the 10 consecutive trading days ending on, and including, the trading day immediately before the date such distribution is announced.</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">Each adjustment to the conversion
rate made pursuant to the preceding sentence will become effective at the time set forth in the definition of <I>CR<SUB>1</SUB></I>
above. To the extent that shares of Common Stock are not delivered after the expiration of such rights, options or warrants (including
as a result of such rights, options or warrants not being exercised), the conversion rate will be readjusted to the conversion
rate that would then be in effect had the increase to the conversion rate for such distribution been made on the basis of delivery
of only the number of shares of Common Stock actually delivered upon exercise of such rights, option or warrants. To the extent
such rights, options or warrants are not so distributed, the conversion rate will be readjusted to the conversion rate that would
then be in effect had the record date for the distribution of such rights, options or warrants not occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">For purposes of this paragraph
(2), in determining whether any rights, options or warrants entitle holders of Common Stock to subscribe for or purchase shares
of Common Stock at a price per share that is less than the average of the last reported sale prices per share of Common Stock for
the 10 consecutive trading days ending on, and including, the trading day immediately before the date the distribution of such
rights, options or warrants is announced, and in determining the aggregate price payable to exercise such rights, options or warrants,
there will be taken into account any consideration we receive for such rights, options or warrants and any amount payable on exercise
thereof, with the value of such consideration, if not cash, to be determined by us in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4pt"></TD><TD STYLE="width: 22.6pt">(3)</TD><TD><I>Spin-Offs and Other Distributed Property</I>.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.65pt"></TD><TD STYLE="width: 27.35pt">(a)</TD><TD>Distributions Other than Spin-Offs. If we distribute shares of our &ldquo;capital stock&rdquo; (as defined below under the
caption &ldquo;&mdash;Definitions&rdquo;), evidences of our indebtedness or other assets or property of ours, or rights, options
or warrants to acquire our capital stock or other securities, to all or substantially all holders of Common Stock, excluding:</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in">&bull;</TD>
    <TD>dividends, distributions, rights, options or warrants for which an adjustment to the conversion rate is required (or would be
required without regard to the &ldquo;deferral exception&rdquo; (as defined below under the caption &ldquo;&mdash;The Deferral
Exception&rdquo;)) pursuant to paragraph (1) or (2) above;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>dividends or distributions paid exclusively in cash for which an adjustment to the conversion rate is required (or would be required
without regard to the deferral exception) pursuant to paragraph (4) below;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>rights issued or otherwise distributed pursuant to a stockholder rights plan, except to the extent provided below under the caption
&ldquo;&mdash;Stockholder Rights Plans&rdquo;;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>spin-offs for which an adjustment to the conversion rate is required (or would be required without regard to the deferral exception)
pursuant to paragraph (3)(b) below; and</TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&bull;</TD>
    <TD>a distribution solely pursuant to a common stock change event, as to which the provisions described below under the caption &ldquo;&mdash;Effect
of Common Stock Change Event&rdquo; will apply,</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 63pt; text-indent: -0.15in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 63pt; text-indent: -0.15in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 63pt; text-indent: -0.15in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 63pt; text-indent: -0.15in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 63pt; text-indent: -0.15in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">then the conversion rate will be increased based on
the following formula:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD ROWSPAN="2" STYLE="width: 25%; text-align: center">CR<SUB>1</SUB> = CR<SUB>0</SUB> &times;</TD>
    <TD STYLE="vertical-align: top; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 1pt solid">SP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">SP &minus; FMV</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt; text-align: center; text-indent: -31.5pt"><I>&nbsp;</I></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><I>CR<SUB>0</SUB></I></TD>
    <TD STYLE="width: 0.5in">=</TD>
    <TD>the conversion rate in effect immediately before the close of business on the record date for such distribution;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>CR<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the conversion rate in effect immediately after the close of business on such record date;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>SP</I></TD>
    <TD>=</TD>
    <TD>the average of the last reported sale prices per share of Common Stock for the 10 consecutive trading days ending on, and including, the trading day immediately before such record date; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>FMV</I></TD>
    <TD>=</TD>
    <TD>the fair market value (as determined by us in good faith), as of such record date, of the shares of capital stock, evidences of indebtedness, assets, property, rights, options or warrants distributed per share of Common Stock pursuant to such distribution.</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">Each adjustment to the conversion
rate made pursuant to the preceding sentence will become effective at the time set forth in the definition of <I>CR<SUB>1</SUB></I>
above. If <I>FMV</I> is equal to or greater than <I>SP</I>, then, in lieu of the foregoing adjustment to the conversion rate, each
noteholder will receive, for each $1,000 principal amount of 2025 Notes held by such noteholder on the record date for such distribution,
at the same time and on the same terms as holders of Common Stock, the amount and kind of shares of capital stock, evidences of
indebtedness, assets, property, rights, options or warrants that such noteholder would have received if such noteholder had owned,
on such record date, a number of shares of Common Stock equal to the conversion rate in effect on such record date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">To the extent such distribution
is not so paid or made, the conversion rate will be readjusted to the conversion rate that would then be in effect had the adjustment
been made on the basis of only the distribution, if any, actually made or paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.65pt"></TD><TD STYLE="width: 27.35pt">(b)</TD><TD STYLE="padding-right: 3pt"><I>Spin-Offs</I>. If we distribute or dividend shares of capital stock of any class or series, or
similar equity interests, of or relating to a &ldquo;subsidiary&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;)
or other business unit of ours to all or substantially all holders of Common Stock (other than solely pursuant to a common stock
change event, as to which the provisions described below under the caption &ldquo;&mdash;Effect of Common Stock Change Event&rdquo;
will apply), and such capital stock or equity interests are listed or quoted (or will be listed or quoted upon the consummation
of the transaction) on a U.S. national securities exchange (a &ldquo;spin-off&rdquo;), then the conversion rate will be increased
based on the following formula:</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD ROWSPAN="2" STYLE="width: 25%">CR<SUB>1</SUB> = CR<SUB>0</SUB> &times;</TD>
    <TD STYLE="vertical-align: top; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.5pt solid">FMV +
        SP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">SP</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">where:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><I>CR<SUB>0</SUB></I></TD>
    <TD STYLE="width: 0.5in">=</TD>
    <TD>the conversion rate in effect immediately before the open of business on the ex-dividend date for such spin-off;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>CR<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the conversion rate in effect immediately after the open of business on such ex-dividend date;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>FMV</I></TD>
    <TD>=</TD>
    <TD>the product of (x) the average of the last reported sale prices per share or unit of the capital stock or equity interests distributed in such spin-off over the 10 consecutive trading day period (the &ldquo;spin-off valuation period&rdquo;) beginning on, and including, such ex-dividend date (such average to be determined as if references to Common Stock in the definitions of &ldquo;last reported sale price,&rdquo; &ldquo;trading day&rdquo; and &ldquo;market disruption event&rdquo; were instead references to such capital stock or equity interests); and (y) the number of shares or units of such capital stock or equity interests distributed per share of Common Stock in such spin-off; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>SP</I></TD>
    <TD>=</TD>
    <TD>the average of the last reported sale prices per share of Common Stock for each trading day in the spin-off valuation period.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The adjustment to the conversion rate pursuant
to this paragraph (3)(b) will be calculated as of the close of business on the last trading day of the spin-off valuation period
but will be given effect immediately after the open of business on the ex-dividend date for the spin-off, with retroactive effect.
If a note is converted and the conversion date occurs during the spin-off valuation period, then, notwithstanding anything to the
contrary, we will, if necessary, delay the settlement of such conversion until the second business day after the last day of the
spin-off valuation period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">To the extent any dividend or distribution
of the type described above in this paragraph (3)(b) is declared but not made or paid, the conversion rate will be readjusted to
the conversion rate that would then be in effect had the adjustment been made on the basis of only the dividend or distribution,
if any, actually made or paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4pt"></TD><TD STYLE="width: 22.6pt">(4)</TD><TD STYLE="padding-right: 30pt"><I>Cash Dividends or Distributions</I>. If any cash dividend or distribution is made to all or
substantially all holders of Common Stock, then the conversion rate will be increased based on the following formula:</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD ROWSPAN="2" STYLE="width: 25%">CR<SUB>1</SUB> = CR<SUB>0</SUB> &times;</TD>
    <TD STYLE="vertical-align: top; width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 1pt solid">SP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">SP &ndash; D</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><I>CR<SUB>0</SUB></I></TD>
    <TD STYLE="width: 0.5in">=</TD>
    <TD>the conversion rate in effect immediately before the close of business on the record date for such dividend or distribution;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>CR<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the conversion rate in effect immediately after the close of business on such record date for such dividend or distribution;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>SP</I></TD>
    <TD>=</TD>
    <TD>the last reported sale price per share of Common Stock on the trading day immediately before such record date for such dividend or distribution; and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>D</I></TD>
    <TD>=</TD>
    <TD>the cash amount distributed per share of Common Stock in such dividend or distribution.</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify; text-indent: 0.5in">Each adjustment
to the conversion rate made pursuant to the preceding sentence will become effective at the time set forth in the definition of
<I>CR<SUB>1</SUB></I> above. If <I>D</I> is equal to or greater than <I>SP</I>, then, in lieu of the foregoing adjustment to the
conversion rate, each noteholder will receive, for each $1,000 principal amount of 2025 Notes held by such noteholder on the record
date for such dividend or distribution, at the same time and on the same terms as holders of Common Stock, the amount of cash that
such noteholder would have received if such noteholder had owned, on such record date, a number of shares of Common Stock equal
to the conversion rate in effect on such record date. To the extent such dividend or distribution is declared but not made or paid,
the conversion rate will be readjusted to the conversion rate that would then be in effect had the adjustment been made on the
basis of only the dividend or distribution, if any, actually made or paid.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.4pt"></TD><TD STYLE="width: 22.6pt">(5)</TD><TD STYLE="padding-right: 2pt"><I>Tender Offers or Exchange Offers</I>. If we or any of our subsidiaries makes a payment in respect
of a tender offer or exchange offer for shares of Common Stock that is subject to the then-applicable tender offer rules under
the Exchange Act (other than an odd-lot tender offer that satisfies the requirements of Rule 13e-4(h)(5), or any successor rule),
and the value (determined as of the expiration time by us in good faith) of the cash and other consideration paid per share of
Common Stock in such tender or exchange offer exceeds the average (such average, the &ldquo;reference price&rdquo;) of the last
reported sale prices per share of Common Stock over the 10 consecutive trading day period (the &ldquo;tender/exchange offer valuation
period&rdquo;) beginning on, and including, the trading day immediately after the last date (the &ldquo;expiration date&rdquo;)
on which tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended), then the conversion
rate will be increased based on the following formula:</TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 50%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%">CR<SUB>1</SUB> = CR<SUB>0 </SUB>x</TD>
    <TD STYLE="width: 25%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 1pt solid">AC + (SP
        x OS<SUB>1</SUB>)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 58.6pt">&nbsp;</TD>
    <TD STYLE="text-align: center">OS<SUB>0</SUB> x SP</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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    <!-- Field: /Page -->

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in"><I>CR<SUB>0</SUB></I></TD>
    <TD STYLE="width: 0.5in">=</TD>
    <TD>the conversion rate in effect immediately before the time (the &ldquo;expiration time&rdquo;) such tender or exchange offer expires;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>CR<SUB>1</SUB></I></TD>
    <TD>=</TD>
    <TD>the conversion rate in effect immediately after the expiration time;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>AC</I></TD>
    <TD>=</TD>
    <TD>the aggregate value (determined as of the expiration time by us in good faith) of all cash and other consideration paid or payable for shares of Common Stock purchased or exchanged in such tender or exchange offer;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>OS</I><SUB>0</SUB></TD>
    <TD>=</TD>
    <TD>the number of shares of Common Stock outstanding immediately before the expiration time (prior to giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer);</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>OS<SUB>1</SUB></TD>
    <TD>=</TD>
    <TD>the number of shares of Common Stock outstanding immediately after the expiration time (after giving effect to the purchase of all shares of Common Stock accepted for purchase or exchange in such tender or exchange offer); and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><I>SP</I></TD>
    <TD>=</TD>
    <TD>the reference price per share of Common Stock.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>provided</I>, <I>however</I>, that the conversion rate will
in no event be adjusted down pursuant to the provisions described in this paragraph (5), except to the extent provided in the immediately
following paragraph. The adjustment to the conversion rate pursuant to this paragraph (5) will be calculated as of the close of
business on the last trading day of the tender/exchange offer valuation period but will be given effect immediately after the expiration
time, with retroactive effect. If a note is converted and the conversion date occurs on the expiration date or during the tender/exchange
offer valuation period, then, notwithstanding anything to the contrary, we will, if necessary, delay the settlement of such conversion
until the second business day after the last day of the tender/exchange offer valuation period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">To the extent such tender or exchange
offer is announced but not consummated (including as a result of being precluded from consummating such tender or exchange offer
under applicable law), or any purchases or exchanges of shares of Common Stock in such tender or exchange offer are rescinded,
the conversion rate will be readjusted to the conversion rate that would then be in effect had the adjustment been made on the
basis of only the purchases or exchanges of shares of Common Stock, if any, actually made, and not rescinded, in such tender or
exchange offer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">We will not be required to adjust
the conversion rate except as described above or below under the caption &ldquo;&mdash;Increase in Conversion Rate in Connection
with a Make-Whole Fundamental Change.&rdquo; Without limiting the foregoing, we will not be required to adjust the conversion rate
on account of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 16pt">except as described above, the sale of shares of Common Stock for a purchase price that is less
than the market price per share of Common Stock or less than the conversion price;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 2pt">the issuance of any shares of Common Stock pursuant to any present or future plan providing for
the reinvestment of dividends or interest payable on our securities and the investment of additional optional amounts in shares
of Common Stock under any such plan;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 3pt">the issuance of any shares of Common Stock or options or rights to purchase shares of Common Stock
pursuant to any present or future employee, director or consultant benefit or incentive plan or program (including pursuant to
any &ldquo;evergreen&rdquo; provision thereof) of, or assumed by, us or any of our subsidiaries;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 14pt">the issuance of any shares of Common Stock pursuant to any option, warrant, right or convertible,
exercisable or exchangeable security of ours outstanding as of the date we first issued the 2025 Notes;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a third-party tender offer, other than a tender offer that is subject to clause (5) above;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 3pt">the repurchase of any of shares of Common Stock pursuant to an open market share purchase program
or other buyback transaction, including structured or derivative transactions such as accelerated share repurchase transactions
or similar forward derivatives, or other buyback transaction, in each case that is not subject to clause (5) above;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a change in the par value (or lack of par value) of the Common Stock; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 1.5in">accrued and unpaid interest on the 2025 Notes.</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>The Deferral Exception</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 392pt 0pt 22.15pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">If an adjustment to the conversion rate
otherwise required by the provisions described above would result in a change of less than 1% to the conversion rate, then, notwithstanding
anything to the contrary described above, we may, at our election, defer and carry forward such adjustment, except that all such
deferred adjustments must be given effect immediately upon the earliest to occur of the following: (a) when all such deferred adjustments
would result in an aggregate change of at least 1% to the conversion rate; (b) the conversion date of any note; (c) the date a
fundamental change or make-whole fundamental change occurs; and (d) the date we call any 2025 Notes for redemption. We refer to
our ability to defer adjustments as described above as the &ldquo;deferral exception.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>Notice of Conversion Rate Adjustments</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Upon the effectiveness of any adjustment
to the conversion rate pursuant to the provisions described above under the caption &ldquo;&mdash;Conversion Rate Adjustments&mdash;Generally,&rdquo;
we will promptly send notice to the noteholders, the trustee and the conversion agent containing (a) a brief description of the
transaction or other event on account of which such adjustment was made; (b) the conversion rate in effect immediately after such
adjustment; and (c) the effective time of such adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>Voluntary Conversion Rate Increases</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">To the extent permitted by law
and applicable stock exchange rules, we, from time to time, may (but are not required to) increase the conversion rate by any amount
if (a) our board of directors determines that such increase is in our best interest or that such increase is advisable to avoid
or diminish any income tax imposed on holders of Common Stock or rights to purchase Common Stock as a result of any dividend or
distribution of shares (or rights to acquire shares) of Common Stock or any similar event; (b) such increase is in effect for a
period of at least 20 business days; and (c) such increase is irrevocable during such period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>Tax Considerations</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">For a discussion of the U.S. federal income
tax treatment of an adjustment to the conversion rate, see &ldquo;<A HREF="#a12">Material U.S. Federal Income Tax Considerations</A>.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>Special Provisions for Adjustments that Are Not
Yet Effective and Where Converting Noteholders Participate in the Relevant Transaction or Event</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">Notwithstanding anything to the contrary, if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 6pt">the record date or effective date for any event that requires an adjustment to the conversion rate
pursuant to the provisions described in clauses (1) through (4), inclusive, above under the caption &ldquo;&mdash;Conversion Rate
Adjustments&mdash;Generally&rdquo; has occurred on or before the conversion date for such conversion, but an adjustment to the
conversion rate for such event has not yet become effective as of such conversion date;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>the consideration due upon such conversion includes any whole shares of Common Stock; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such shares are not entitled to participate in such event (because they were not held on the related record date or otherwise),</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">then, solely for purposes of such conversion, we will, without
duplication, give effect to such adjustment on such conversion date, and, for the avoidance of doubt, such shares will not be entitled
to participate in such event. In such case, if the date we are otherwise required to deliver the consideration due upon such conversion
is before the first date on which the amount of such adjustment can be determined, then we will delay the settlement of such conversion
until the second business day after such first date.</P>

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

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

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

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt"><I>Stockholder Rights Plans</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">If any shares of Common Stock are
to be issued upon conversion of any note and, at the time of such conversion, we have in effect any stockholder rights plan, then
the holder of that note will be entitled to receive, in addition to, and concurrently with the delivery of, the consideration otherwise
due upon such conversion, the rights set forth in such stockholder rights plan, unless such rights have separated from the Common
Stock at such time, in which case, and only in such case, the conversion rate will be adjusted pursuant to the provisions described
above in paragraph (3)(a) under the caption &ldquo;&mdash; Conversion Rate Adjustments&mdash;Generally&rdquo; on account of such
separation as if, at the time of such separation, we had made a distribution of the type referred to in such paragraph to all holders
of Common Stock, subject to readjustment as described above if such rights expire, terminate or are redeemed. We currently do not
have a stockholder rights plan in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>Increase in Conversion Rate in Connection with a
Make-Whole Fundamental Change</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in"><I>Generally</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">If a make-whole fundamental change
occurs and the conversion date for the conversion of a note occurs during the related &ldquo;make-whole fundamental change conversion
period&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;), then, subject to the provisions described
below, the conversion rate applicable to such conversion will be increased by a number of shares (the &ldquo;additional shares&rdquo;)
set forth in the table below corresponding (after interpolation as described below) to the &ldquo;make-whole fundamental change
effective date&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;) and the &ldquo;stock price&rdquo; (as
defined below under the caption &ldquo;&mdash;Definitions&rdquo;) of such make-whole fundamental change:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"></TD>
    <TD COLSPAN="32" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">Stock
    Price</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Make-Whole</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="width: 23%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">Fundamental Change</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">10.51</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">11.50</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">12.61</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">14.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">16.40</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">19.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">22.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">25.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">30.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">40.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; font-size: 10pt; font-weight: bold; text-align: right"><FONT STYLE="font-size: 10pt">50.00</FONT></TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Effective
    Date</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">May 12, 2020</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">15.8578</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">12.6313</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">10.0159</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">7.7350</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">5.3000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">3.7553</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">2.6309</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.8636</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.0127</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.1710</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">May 1, 2021</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">15.8578</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">11.8435</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">9.0896</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">6.7893</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">4.4896</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">3.1358</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">2.1918</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.5564</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.8467</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.1338</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">May 1, 2022</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">15.8578</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">10.9078</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">7.9635</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">5.6429</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">3.5366</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">2.4279</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.6991</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.2120</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.6607</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0950</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">May 1, 2023</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">15.8578</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">9.8365</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">6.5845</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">4.2421</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">2.4354</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.6453</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.1618</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.8360</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.4570</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0600</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">May 1, 2024</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">15.8578</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">8.5678</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">4.7034</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">2.4143</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">1.1951</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.8111</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.5836</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.4248</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.2350</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0245</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">May 1, 2025</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">15.8578</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">7.6670</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0127</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">0.0000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-indent: 0.5in">If such make-whole fundamental change effective date
or stock price is not set forth in the table above, then:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 9pt">if such stock price is between two stock prices in the table above or the make-whole fundamental
change effective date is between two make-whole fundamental change effective dates in the table above, then the number of additional
shares will be determined by a straight-line interpolation between the numbers of additional shares set forth for the higher and
lower stock prices in the table above and/or the earlier and later make-whole fundamental change effective dates in the table above,
based on a 365- or 366-day year, as applicable; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 17pt">if the stock price is greater than $50.00 (subject to adjustment in the same
manner as the stock prices set forth in the column headings of the table above are adjusted, as described below under the caption
&ldquo;&mdash;Adjustment of Stock Prices and Number of Additional Shares&rdquo;), or less than $10.51 (subject to adjustment in
the same manner), per share, then no additional shares will be added to the conversion rate.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the
contrary, in no event will the conversion rate be increased to an amount that exceeds 95.1474 shares of Common Stock per $1,000
principal amount of 2025 Notes, which amount is subject to adjustment in the same manner as, and at the same time and for the same
events for which, the conversion rate is required to be adjusted pursuant to the provisions described above under the caption &ldquo;&mdash;Conversion
Rate Adjustments&mdash; Generally.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Adjustment of Stock Prices and Number of Additional
Shares</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">The stock prices in the first row
(<I>i.e.</I>, the column headers) of the table above will be adjusted at the same time and for the same events for which, the conversion
rate is adjusted as a result of the operation of the provisions described above under the caption &ldquo;&mdash;Conversion Rate
Adjustments&mdash;Generally.&rdquo; The adjusted stock prices will equal the stock prices immediately prior to such adjustment,
multiplied by a fraction, the numerator of which is the conversion rate immediately prior to the adjustment giving rise to the
share price adjustment and the denominator of which is the conversion rate as so adjusted. The numbers of additional shares in
the table above will be adjusted in the same manner as, and at the same time and for the same events for which, the conversion
rate is adjusted pursuant to the provisions described above under the caption &ldquo;&mdash;Conversion Rate Adjustments&mdash;Generally.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Notice of Make-Whole Fundamental Change</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will notify noteholders, the
trustee and the conversion agent of each make-whole fundamental change no later than the third business day after the effective
date of such make-whole fundamental change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Our obligation to increase the
conversion rate as described above in connection with a make-whole fundamental change could be considered a penalty, in which case
its enforceability would be subject to general principles of reasonableness and equitable remedies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Effect of Common Stock Change Event</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>recapitalization, reclassification or change of the Common Stock, other than (x) changes solely resulting from a subdivision
or combination of the Common Stock, (y) a change only in par value or from par value to no par value or no par value to par value
or (z) stock splits and stock combinations that do not involve the issuance of any other series or class of securities;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>consolidation, merger, combination or binding share exchange involving us; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>sale, lease or other transfer of all or substantially all of the assets of us and our subsidiaries, taken as a whole, to any
person,</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0">and, as a result of which, the Common Stock is converted
into, or is exchanged for, or represents solely the right to receive, other securities, cash or other property, or any combination
of the foregoing (such an event, a &ldquo;common stock change event,&rdquo; and such other securities, cash or property, the &ldquo;reference
property,&rdquo; and the amount and kind of reference property that a holder of one share of Common Stock would be entitled to
receive on account of such common stock change event (without giving effect to any arrangement not to issue or deliver a fractional
portion of any security or other property), a &ldquo;reference property unit&rdquo;), then, notwithstanding anything to the contrary,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 1pt">from and after the effective time of such common stock change event, (a) the consideration due upon
conversion of any note, and the conditions to any such conversion, will be determined in the same manner as if each reference to
any number of shares of Common Stock in the provisions described under this &ldquo;&mdash;Conversion Rights&rdquo; section (or
in any related definitions) were instead a reference to the same number of reference property units; (b) for purposes of the redemption
provisions described above under the caption &ldquo;&mdash;Optional Redemption,&rdquo; each reference to any number of shares of
Common Stock in such provisions (or in any related definitions) will instead be deemed to be a reference to the same number of
reference property units; (c) for purposes of the definition of &ldquo;fundamental change&rdquo; and &ldquo;make-whole fundamental
change,&rdquo; (i) the terms &ldquo;Common Stock&rdquo; and &ldquo;common equity&rdquo; will be deemed to mean the common equity,
if any, forming part of such reference property; and (ii) references to us will be deemed to be references to the entity that is
the issuer of such common equity; and (d) we will settle interest make-whole payments, if applicable, solely in cash (regardless
of whether we had elected to settle interest make-whole payments in cash);</TD></TR></TABLE>

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

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 5pt">if such reference property unit consists entirely of cash, then we will pay the cash due in respect
of all conversions whose conversion date occurs on or after the effective date of such common stock change event together with
an interest make-whole payment, if applicable, as described under &ldquo;&mdash; Interest Make-Whole Payment,&rdquo; which we will
settle solely in cash (regardless of whether we had elected to settle interest make-whole payments in cash) no later than the second
business day after such conversion date; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 2pt">for these purposes, (a) the daily VWAP of any reference property unit or portion thereof that consists
of a class of common equity securities will be determined by reference to the definition of &ldquo;daily VWAP,&rdquo; substituting,
if applicable, the Bloomberg page for such class of securities in such definition; and (b) the daily VWAP of any reference property
unit or portion thereof that does not consist of a class of common equity securities, and the last reported sale price of any reference
property unit or portion thereof that does not consist of a class of securities, will be the fair value of such reference property
unit or portion thereof, as applicable, determined in good faith by us (or, in the case of cash denominated in U.S. dollars, the
face amount thereof).</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">If the reference property consists
of more than a single type of consideration to be determined based in part upon any form of stockholder election, then the composition
of the reference property unit will be deemed to be the weighted average of the types and amounts of consideration actually received,
per share of Common Stock, by the holders of Common Stock. We will notify the noteholders, the trustee and the conversion agent
of such weighted average as soon as practicable after such determination is made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will not become a party to
any common stock change event unless its terms are consistent with the provisions described under this &ldquo;&mdash;Effect of
Common Stock Change Event&rdquo; caption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 21pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Execution of Supplemental Indenture</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">At or before the effective time
of the common stock change event, we and the resulting, surviving or transferee person (if not us) of such common stock change
event (the &ldquo;successor person&rdquo;) will execute and deliver to the trustee a supplemental indenture that gives effect to
the provisions described above and that contains such other provisions as we reasonably determine are appropriate to preserve the
economic interests of the noteholders. If such reference property includes, in whole or in part, any stock or other securities,
then such supplemental indenture will, to the extent applicable, provide for subsequent adjustments to the conversion rate in a
manner consistent with the provisions described above. In addition, if the reference property includes, in whole or part, shares
of stock or other securities or assets (other than cash or cash equivalents) of a person other than the successor person, then
such other person will also execute such supplemental indenture and such supplemental indenture will contain such additional provisions
we reasonably determine are appropriate to preserve the economic interests of noteholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Notice of Common Stock Change Event</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">No later than the third business
day after the effective date of each common stock change event, we will notify the noteholders, the trustee and the conversion
agent of such common stock change event, including a brief description of the event, its effective date and a brief description
of the anticipated change in the conversion right of the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Equitable Adjustments to Prices</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Whenever the indenture requires us to calculate
the average of the last reported sale prices, or any function thereof, over a span of multiple days (including to calculate the
stock price or an adjustment to the conversion rate), we will make proportionate adjustments to those calculations account for
any adjustment to the conversion rate pursuant to paragraph (1) above under the caption &ldquo;&mdash;Conversion Rights&mdash;Conversion
Rate Adjustments&mdash; Generally&rdquo; that becomes effective, or any event requiring such an adjustment to the conversion rate
where the record date or effective date, as applicable, of such event occurs, at any time during the period over which such average
is to be calculated.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Fundamental Change Permits Noteholders to Require Us to Repurchase
Notes</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">If a fundamental change occurs,
then each noteholder will have the right (the &ldquo;fundamental change repurchase right&rdquo;) to require us to repurchase its
2025 Notes (or any portion thereof in an authorized denomination) for cash on a date (the &ldquo;fundamental change repurchase
date&rdquo;) of our choosing, which must be a business day that is no more than 35, nor less than 20, business days after the date
we send the related fundamental change notice, as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">The repurchase price (the &ldquo;fundamental
change repurchase price&rdquo;) for a note tendered for repurchase will be the principal amount of such note plus accrued and unpaid
interest on such note to, but excluding, the fundamental change repurchase date. However, if the fundamental change repurchase
date is after a regular record date and on or before the next interest payment date, then (a) the holder of such note at the close
of business on such regular record date will be entitled, notwithstanding such repurchase, to receive, on or, at our election,
before such interest payment date, the unpaid interest that would have accrued on such note to, but excluding, such interest payment
date; and (b) the fundamental change repurchase price will not include accrued and unpaid interest on such note to, but excluding,
the fundamental change repurchase date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the
contrary above, we may not repurchase any 2025 Notes if the principal amount of the 2025 Notes has been accelerated and such acceleration
has not been rescinded on or before the fundamental change repurchase date (except in the case of an acceleration resulting solely
from a default by us in the payment of the related fundamental change repurchase price and any related interest described above
on the fundamental change repurchase date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Notice of Fundamental Change</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">On or before the 20th calendar
day after the occurrence of a fundamental change, we will send to each noteholder and the trustee notice of such fundamental change
containing certain information set forth in the indenture, including the fundamental change repurchase date, the fundamental change
repurchase price and the procedures noteholders must follow to tender their 2025 Notes for repurchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Procedures to Exercise the Fundamental Change Repurchase
Right</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">To exercise
its fundamental change repurchase right with respect to a note, the holder thereof must deliver a notice (a &ldquo;fundamental
change repurchase notice&rdquo;) to the paying agent before the close of business on the business day immediately before the related
fundamental change repurchase date (or such later time as may be required by law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">The fundamental
change repurchase notice must contain certain information set forth in the indenture, including the certificate number of any physical
2025 Notes to be repurchased, or must otherwise comply with the depositary procedures in the case of a global note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">A noteholder that has delivered
a fundamental change repurchase notice with respect to a note may withdraw that notice by delivering a withdrawal notice to the
paying agent at any time before the close of business on the business day immediately before the fundamental change repurchase
date. The withdrawal notice must contain certain information set forth in the indenture, including the certificate number of any
physical 2025 Notes with respect to which the withdrawal notice is being delivered, or must otherwise comply with the depositary
procedures in the case of a global note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notes to be repurchased must be
delivered to the paying agent (in the case of certificated 2025 Notes) or the depositary procedures must be complied with (in the
case of global 2025 Notes) for the holder of those 2025 Notes to be entitled to receive the fundamental change repurchase price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Repurchase by Third Party</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the contrary
described above, we will be deemed to satisfy our obligations to repurchase 2025 Notes pursuant to the provisions described above
if (a) one or more third parties conduct the repurchase offer and repurchase tendered 2025 Notes in a manner that would have satisfied
our obligations to do the same if conducted directly by us; and (b) an owner of a beneficial interest in the 2025 Notes would not
receive a lesser amount (as a result of taxes, additional expenses or for any other reason) than such owner would have received
had we repurchased the 2025 Notes.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>No Repurchase Right in Certain Circumstances</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the
contrary, we will not be required to send a fundamental change notice, or offer to repurchase or repurchase any 2025 Notes, as
described above, in connection with a fundamental change occurring pursuant to clause (ii)(2) (or pursuant to clause (i) that also
constitutes a fundamental change occurring pursuant to clause (ii)(2)) of the definition thereof, if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such fundamental change constitutes a common stock change event for which the reference property consists entirely of cash
in U.S. dollars;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 2pt">immediately after such fundamental change, the 2025 Notes become convertible (pursuant to the provisions
described above under the captions &ldquo;&mdash; Conversion Rights&mdash;Effect of Common Stock Change Event&rdquo; and, if applicable,
&ldquo;&mdash;Conversion Rights&mdash;Increase in Conversion Rate in Connection with a Make-Whole Fundamental Change&rdquo;) into
such cash in an amount per $1,000 principal amount of 2025 Notes that equals or exceeds the fundamental change repurchase price
per $1,000 principal amount of 2025 Notes (calculated assuming that the same includes accrued interest to, but excluding, the latest
possible fundamental change repurchase date for such fundamental change); and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 28pt">we timely send the notice relating to the make-whole fundamental change (associated with such fundamental
change) required pursuant to the provisions described above under the caption &ldquo;&mdash;Conversion Rights&mdash;Notice of Make-Whole
Fundamental Change.&rdquo;</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We refer to any fundamental change
with respect to which, in accordance with the provision described above, we do not offer to repurchase any 2025 Notes as an &ldquo;exempted
fundamental change.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Compliance with Securities Laws</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will comply in all material
respects with all federal and state securities laws in connection with a repurchase following a fundamental change (including complying
with the tender offer rules under the Exchange Act and filing any required Schedule TO, to the extent applicable) so as to permit
effecting such repurchase in the manner described above. However, to the extent that the provisions of any securities laws or regulations
adopted after the date on which the 2025 Notes were first issued conflict with the provisions of the indenture relating to our
obligations to purchase the 2025 Notes upon a fundamental change, we will comply with such applicable securities laws and regulations
and will not be deemed to have breached our obligations under such provisions of the indenture by virtue of such conflict.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will not
consolidate with or merge with or into, or (directly, or indirectly through one or more of our subsidiaries) sell, lease or otherwise
transfer, in one transaction or a series of transactions, all or substantially all of the assets of us and our subsidiaries, taken
as a whole, to another person (other than any such sale, lease or transfer to one or more of our &ldquo;wholly owned subsidiaries&rdquo;
(as defined below under the caption &ldquo;&mdash;Definitions&rdquo;) not effected by means of a consolidation or merger) (a &ldquo;business
combination event&rdquo;), unless:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>the resulting, surviving or transferee person is us or, if not us, is a corporation (the &ldquo;successor corporation&rdquo;)
duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that
expressly assumes (by executing and delivering to the trustee, at or before the effective time of such business combination event,
a supplemental indenture) all of our obligations under the indenture and the 2025 Notes; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>immediately after giving effect to such business combination event, no default or event of default will have occurred and be
continuing.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">At the effective time of a business
combination event that complies with the provisions described above, the successor corporation (if not us) will succeed to, and
may exercise every right and power of, us under the indenture and the 2025 Notes, and, except in the case of a lease, the predecessor
company will be discharged from its obligations under the indenture and the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">The definition of &ldquo;business
combination event&rdquo; includes a reference to &ldquo;all or substantially all&rdquo; of our and our subsidiaries&rsquo; assets.
There is no precise, established definition of the phrase &ldquo;all or substantially all&rdquo; under applicable law. Accordingly,
there may be uncertainty as to whether the provisions described above would apply to a sale, lease or transfer of less than all
of our and our subsidiaries&rsquo; assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">An &ldquo;event of default&rdquo; means the occurrence
of any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>a default in the payment when due (whether at maturity, upon redemption, repurchase upon fundamental change or otherwise) of
the principal of, or the redemption price or fundamental change repurchase price for, any note;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>a default for 30 days in the payment when due of interest on any note;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="padding-right: 16pt">our failure to deliver, when required by the indenture, a fundamental change notice or a notice
pursuant to the provisions described above under the caption &ldquo;Notice of Make-Whole Fundamental Change&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="padding-right: 1pt">a default in our obligation to convert a note, including the payment or delivery of any applicable
interest make-whole payment, in accordance with the indenture upon the exercise of the conversion right with respect thereto and
such failure continues for three business days;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>a default in our obligations described above under the caption &ldquo;&mdash;Consolidation, Merger and Asset Sale&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="padding-right: 3pt">a default in any of our obligations or agreements under the indenture or the 2025 Notes (other than
a default set forth in paragraphs (1), (2), (3), (4) or (5) above) where such default is not cured or waived within 60 days after
notice to us by the trustee, or to us and the trustee by holders of at least 25% of the aggregate principal amount of 2025 Notes
then outstanding, which notice must specify such default, demand that it be remedied and state that such notice is a &ldquo;notice
of default&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(7)</TD><TD>a default by us or any of our &ldquo;significant subsidiaries&rdquo; (as defined below under the caption &ldquo;&mdash;Definitions&rdquo;)
with respect to any one or more mortgages, agreements or other instruments under which there is outstanding, or by which there
is secured or evidenced, any indebtedness for money borrowed of at least $20,000,000 (or its foreign currency equivalent) in the
aggregate of us or any of our significant subsidiaries, whether such indebtedness existed as of the date we first issued the 2025
Notes or was thereafter created, where such default:</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>constitutes a failure to pay the principal of, premium or interest on, any of such indebtedness when due and payable (after
the expiration of all applicable grace periods) at its stated maturity, upon required repurchase, upon declaration of acceleration
or otherwise; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>results in such indebtedness becoming or being declared due and payable before its stated maturity (an &ldquo;acceleration&rdquo;),</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 23pt">and, in either case, such acceleration has not been
rescinded or annulled or such failure to pay or default is not cured or waived, or such indebtedness is not paid or discharged
in full, within 60 days after written notice to us by the trustee or to us and the trustee by holders of at least 25% of the aggregate
principal amount of 2025 Notes then outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 23pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.65pt"></TD><TD STYLE="width: 27.35pt">(8)</TD><TD>one or more final judgments being rendered against us or any of our significant subsidiaries for the payment of at least $20,000,000
(or its foreign currency equivalent) in the aggregate (excluding any amounts covered by insurance), where such judgment is not
discharged or stayed within 60 days after (a) the date on which the right to appeal the same has expired, if no such appeal has
commenced; or (b) the date on which all rights to appeal have been extinguished; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.65pt"></TD><TD STYLE="width: 27.35pt">(9)</TD><TD>certain events of bankruptcy, insolvency and reorganization with respect to us or any of our significant subsidiaries.</TD></TR></TABLE>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12.25pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">If an event of default described in paragraph
(9) above occurs with respect to us (and not solely with respect to a significant subsidiary of ours), then the principal amount
of, and all accrued and unpaid interest on, all of the 2025 Notes then outstanding will immediately become due and payable without
any further action or notice by any person. If an event of default (other than an event of default described in paragraph (9) above
with respect to us and not solely with respect to a significant subsidiary of ours) occurs and is continuing, then, except as described
below under the caption &ldquo;&mdash;Special Interest as Sole Remedy for Certain Reporting Defaults,&rdquo; the trustee, by notice
to us, or noteholders of at least 25% of the aggregate principal amount of 2025 Notes then outstanding, by notice to us and the
trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the 2025 Notes then outstanding to
become due and payable immediately.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Noteholders of a majority in aggregate
principal amount of the 2025 Notes then outstanding, by notice to us and the trustee, may, on behalf of all noteholders, rescind
any acceleration of the 2025 Notes and its consequences if (a) such rescission would not conflict with any judgment or decree of
a court of competent jurisdiction; and (b) all existing events of default (except the non-payment of principal of, or interest
on, the 2025 Notes that has become due solely because of such acceleration) have been cured or waived. No such rescission will
affect any subsequent default or impair any right consequent thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">If any portion of the amount payable
on the 2025 Notes upon acceleration is considered by a court to be unearned interest (through the allocation of the value of the
instrument to the embedded warrant or otherwise), then the court could disallow recovery of any such portion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Waiver of Past Defaults</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">An event of default pursuant to
paragraph (1), (2), (4) or (6) above (that, in the case of paragraph (6) only, results from a default under any covenant that cannot
be amended without the consent of each affected noteholder), and a default that could lead to such an event of default, can be
waived only with the consent of each affected noteholder. Each other default or event of default may be waived, on behalf of all
noteholders, by noteholders of a majority in aggregate principal amount of the 2025 Notes then outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">If a default or event of default
occurs, then, within 30 days after an officer (as defined in the indenture) of ours obtains knowledge of the occurrence thereof,
we will notify the trustee, setting forth what action we are taking or propose to take with respect thereto, except that we are
not required to deliver such notice if such default or event of default has been cured. We must also provide the trustee, within
120 days after the end of each fiscal year, a certificate as to whether the signer thereof knows of any default or event of default
under the indenture (a) that occurred during the previous year and (b) of which we did not previously make the trustee aware pursuant
to the applicable notice requirements described in the immediately preceding sentence. If a default or event of default occurs
and is continuing and is actually known to a responsible officer of the trustee, then the trustee must notify the noteholders of
the same within 90 days after it occurs or, if it is not known to the trustee at such time, promptly (and in any event within 30
days) after it becomes actually known to a responsible officer of the trustee. However, except in the case of a default or event
of default in the payment of the principal of, or interest on, any note, the trustee may withhold such notice if and for so long
as it in good faith determines that withholding such notice is in the interests of the noteholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Limitation on Suits; Absolute Rights of Noteholders</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Except with respect to the rights referred to below,
no noteholder may pursue any remedy with respect to the indenture or the 2025 Notes, unless:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such noteholder has previously delivered to the trustee notice that an event of default is continuing;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>noteholders of at least 25% in aggregate principal amount of the 2025 Notes then outstanding deliver a written request to the
trustee to pursue such remedy;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 7pt">such noteholder(s) offer and, if requested, provide to the trustee security or indemnity satisfactory
to the trustee against any loss, liability or expense to the trustee that may result from the trustee&rsquo;s following such request;</TD></TR></TABLE>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>the trustee does not comply with such request within 60 calendar days after its receipt of such request and such offer of security
or indemnity; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 1pt">during such 60 calendar day period, noteholders of a majority in aggregate principal amount of the
2025 Notes then outstanding do not deliver to the trustee a direction that is inconsistent with such request.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">However, notwithstanding anything
to the contrary, the right of each holder of a note to receive payment or delivery, as applicable, of the principal of, or the
redemption price or fundamental change repurchase price for, or any interest on, or the consideration due upon conversion of, such
note on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment or delivery on or
after such respective due dates, will not be impaired or affected without the consent of such holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Noteholders of a majority in aggregate
principal amount of the 2025 Notes then outstanding may direct the time, method and place of conducting any proceeding for exercising
any remedy available to the trustee or exercising any trust or power conferred on it. However, the trustee may refuse to follow
any direction that conflicts with law, the indenture or the 2025 Notes, or that, subject to the terms of the indenture, the trustee
determines may be unduly prejudicial to the rights of other noteholders or may involve the trustee in liability (it being understood
that the trustee does not have an affirmative obligation to determine whether any direction is prejudicial to any noteholder).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 14pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in"><I>Special Interest as Sole Remedy for Certain Reporting
Defaults</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to the contrary
described above, we may elect that the sole remedy for any event of default (a &ldquo;reporting event of default&rdquo;) pursuant
to paragraph (6) above arising from our failure to comply with our obligations described below under the caption &ldquo;&mdash;Exchange
Act Reports&rdquo; (including our obligations under Section 314(a)(1) of the Trust Indenture Act) will, for each of the first 360
calendar days on which a reporting event of default has occurred and is continuing, consist exclusively of the accrual of special
interest on the 2025 Notes. If we have made such an election, then (a) the 2025 Notes will be subject to acceleration as described
above on account of the relevant reporting event of default from, and including, the 361st calendar day on which a reporting event
of default has occurred and is continuing or if we fail to pay any accrued and unpaid special interest when due; and (b) special
interest will cease to accrue on any 2025 Notes from, and including, the earlier of (x) the date such event of default is cured
or waived and (y) such 361st calendar day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Any special interest that accrues
on a note will be payable on the same dates and in the same manner as the stated interest on such note and will accrue at a rate
per annum equal to 0.25% of the principal amount thereof for the first 180 days on which special interest accrues and, thereafter,
at a rate per annum equal to 0.50% of the principal amount thereof from the 181st day to, and including, the 360th day on which
special interest accrues. However, in no event will special interest accrue on any day on a note at a rate per annum that exceeds
0.50%, regardless of the number of events or circumstances giving rise to the accrual of special interest. For the avoidance of
doubt, any special interest that accrues on a note will be in addition to the stated interest that accrues on such note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">To make the election to pay special
interest as described above, we must provide notice of such election to noteholders and the trustee before the date on which each
reporting event of default first occurs. The notice will also, among other things, briefly describe the periods during which and
rate at which special interest will accrue and the circumstances under which the 2025 Notes will be subject to acceleration on
account of such reporting event of default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We and the
trustee may, with the consent of holders of a majority in aggregate principal amount of the 2025 Notes then outstanding, amend
or supplement the indenture or the 2025 Notes or waive compliance with any provision of the indenture or the 2025 Notes. However,
without the consent of each affected noteholder, no amendment or supplement to the indenture or the 2025 Notes, or waiver of any
provision of the indenture or the 2025 Notes, may:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>reduce the principal, or extend the stated maturity, of any 2025 Note;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>reduce the redemption price or fundamental change repurchase price for any 2025 Note or change the times at which, or the circumstances
under which, the 2025 Notes may or will be redeemed or repurchased by us;</TD></TR></TABLE>

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

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

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

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

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    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>reduce the rate, or extend the time for the payment, of interest on any 2025 Note;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>make any change that adversely affects the conversion rights of any 2025 Note including with respect to an interest make-whole
payment;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 10pt">impair the absolute rights of any holder of a 2025 Note to receive payment or delivery, as applicable,
of the principal of, or the redemption price or fundamental change repurchase price for, or any interest on, or the consideration
due upon conversion of (including any interest make-whole payment, if applicable), such 2025 Note on or after the respective due
dates therefor, or to bring suit for the enforcement of any such payment or delivery on or after such due dates;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>change the ranking of the 2025 Notes;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>make any 2025 Note payable in money, or at a place of payment, other than that stated in the indenture or the 2025 Note;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>reduce the amount of 2025 Notes whose holders must consent to any amendment, supplement, waiver or other modification; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 13pt">make any direct or indirect change to any amendment, supplement, waiver or modification provision
of the indenture or the 2025 Notes that requires the consent of each affected noteholder.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">For the avoidance of doubt, pursuant
to the first four bullet points above, no amendment or supplement to the indenture or the 2025 Notes, or waiver of any provision
of the indenture or the 2025 Notes, may change the amount or type of consideration due on any 2025 Note (whether on an interest
payment date, redemption date, fundamental change repurchase date or the maturity date or upon conversion, or otherwise), or the
date(s) or time(s) such consideration is payable or deliverable, as applicable, without the consent of each affected noteholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Notwithstanding anything to
the contrary above, we and the trustee may amend or supplement the indenture or the 2025 Notes without the consent of any noteholder
to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>cure any ambiguity or correct any omission, defect or inconsistency in the indenture or the 2025 Notes;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>add guarantees with respect to our obligations under the indenture or the 2025 Notes;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>secure the 2025 Notes;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>add to our covenants or events of default for the benefit of noteholders or surrender any right or power conferred on us;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 6pt">provide for the assumption of our obligations under the indenture and the 2025 Notes pursuant to,
and in compliance with, the provisions described above under the caption &ldquo;&mdash;Consolidation, Merger and Asset Sale&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 12pt">enter into supplemental indentures pursuant to, and in accordance with, the provisions described
above under the caption &ldquo;&mdash;Conversion Rights&mdash; Effect of Common Stock Change Event&rdquo; in connection with a
common stock change event;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 1pt">irrevocably elect to settle interest make-whole payments with cash or shares of Common Stock (together
with cash in lieu of any fractional share); provided, however, that no such election will affect any interest make-whole payment
settlement method theretofore elected (or deemed to be elected) with respect to any 2025 Note pursuant to the provisions described
above under the caption &ldquo;&mdash;Interest Make-Whole Payment&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 3pt">evidence or provide for the acceptance of the appointment of a successor trustee, security registrar,
paying agent, bid solicitation agent or conversion agent or facilitate the administration of the trusts under the indenture by
more than one trustee;</TD></TR></TABLE>

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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 31pt">conform the provisions of the indenture and the 2025 Notes to the &ldquo;Description of Notes&rdquo;
section of the preliminary prospectus supplement for the Underwritten Offering, as supplemented by the related pricing term sheet;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>provide for or confirm the issuance of additional 2025 Notes pursuant to the indenture;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>increase the conversion rate as provided in the indenture;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>comply with any requirement of the Commission in connection with effecting or maintaining the qualification of the indenture
or any supplemental indenture under the Trust Indenture Act, as then in effect;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 5pt">provide for any transfer restrictions that apply to any 2025 Notes issued under the indenture (other
than the 2025 Notes to be issued in this offering) that, at the time of their original issuance, constitute &ldquo;restricted securities&rdquo;
within the meaning of Rule 144 under the Securities Act or that are originally issued in reliance upon Regulation S under the Securities
Act;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>comply with the rules of the securities depositary for the 2025 Notes in a manner that does not adversely affect the rights
of any holder; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 11pt">make any other change to the indenture or the 2025 Notes that does not, individually or in the
aggregate with all other such changes, adversely affect the rights of noteholders, as such, in any material respect.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will send to the trustee copies of all
reports that we are required to file with or furnish to the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act within
15 calendar days after the date that we are required to so file or furnish the same (after giving effect to all applicable grace
periods under the Exchange Act). However, we need not send to the trustee any material for which we have received, or are seeking
in good faith and have not been denied, confidential treatment by the Commission. Any report that we file with or furnish to the
Commission through the EDGAR system (or any successor thereto) will be deemed to be sent to noteholders at the time such report
is so filed or furnished via the EDGAR system (or such successor). Delivery of reports to the trustee under the indenture is for
informational purposes only and the trustee&rsquo;s receipt thereof shall not constitute actual or constructive notice of any information
contained therein, or determinable from information contained therein, including our compliance with any of our covenants under
the indenture (as to which the trustee is entitled to rely exclusively on an officer&rsquo;s certificate).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will also comply with our other obligations under
Section 314(a)(1) of the Trust Indenture Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Subject to the terms of the indenture,
our obligations under the indenture with respect to the 2025 Notes (except for certain surviving rights of the trustee and our
obligations with respect thereto) will be discharged if we deliver all outstanding 2025 Notes to the trustee for cancellation,
or if all outstanding 2025 Notes have become due and payable (including upon conversion, if the consideration due upon such conversion
has been determined) and we have irrevocably deposited with the trustee, or caused to be delivered to noteholders, sufficient cash
or other consideration to satisfy all such amounts that have become due and payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Except as otherwise provided in
the indenture, we are responsible for making all calculations called for under the indenture or the 2025 Notes, including determinations
of the last reported sale price, the daily conversion value, the daily cash amount, the daily share amount, accrued interest on
the 2025 Notes, any additional interest due on the 2025 Notes, any interest make-whole payment and the conversion rate. We will
make all calculations in good faith, and, absent manifest error, our calculations will be final and binding on all noteholders.
We will provide a schedule of our calculations to the trustee and the conversion agent, and we will promptly forward a copy of
each such schedule to any noteholder upon written request. Neither the trustee nor the conversion agent will have any responsibility
for making any calculations under the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">The trustee under the indenture is Wilmington
Trust, National Association. The trustee assumes no responsibility for the accuracy or completeness of the information contained
in this prospectus or the related documents. Neither the trustee nor the conversion agent has any duty to determine whether the
conditions to convertibility of the 2025 Notes have been met or whether and to what extent any of the conditions requiring a change
to the conversion consideration have been met.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">We will send all notices or communications
to noteholders pursuant to the indenture in writing by first class mail, certified or registered, return receipt requested, or
by overnight air courier guaranteeing next day delivery, to the noteholders&rsquo; respective addresses shown on the register for
the 2025 Notes. However, in the case of global 2025 Notes, we are permitted to send notices or communications to noteholders pursuant
to the depositary procedures, and notices and communications that we send in this manner will be deemed to have been properly sent
to such noteholders in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>No Personal Liability of Directors, Officers, Employees and
Stockholders</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">No past,
present or future director, officer, employee, incorporator or stockholder of ours, as such, will have any liability for any obligations
of ours under the indenture or the 2025 Notes or for any claim based on, in respect of, or by reason of, such obligations or their
creation. By accepting any note, each noteholder will be deemed to waive and release all such liability, and such waiver and release
are part of the consideration for the issuance of the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Governing Law; Waiver of Jury Trial</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">The indenture and the 2025 Notes, and any
claim, controversy or dispute arising under or related to the indenture or the 2025 Notes, will be governed by and construed in
accordance with the laws of the state of New York. The indenture provides that we, the trustee and the noteholders (by accepting
the 2025 Notes) irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any
legal proceeding arising out of or relating to the indenture, the 2025 Notes or the transactions contemplated by the indenture
or the 2025 Notes.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">Any legal suit, action or proceeding
arising out of or based upon the indenture or the transactions contemplated by the indenture must be instituted in the federal
courts of the United States of America located in the Borough of Manhattan, City of New York or the courts of the State of New
York, in each case located in the City of New York (collectively, the &ldquo;specified courts&rdquo;), and each party will be deemed
to irrevocably submit to the exclusive jurisdiction of those courts in any such suit, action or proceeding. Service of any process,
summons, notice or document by mail (to the extent allowed under any applicable statute or rule of court) to any party&rsquo;s
address as provided in the indenture will be effective service of process for any such suit, action or proceeding brought in any
such court. Each of us, the trustee and each noteholder (by its acceptance of any note) will be deemed to irrevocably and unconditionally
waive any objection to the laying of venue of any suit, action or other proceeding in the specified courts and to irrevocably and
unconditionally waive and agree not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient
forum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Board of directors&rdquo; means our board of
directors or a committee of such board duly authorized to act on behalf of such board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Business day&rdquo; means any day
other than a Saturday, a Sunday or any day on which the Federal Reserve Bank of New York is authorized or required by law or executive
order to close or be closed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Capital stock&rdquo; of
any person means any and all shares of, interests in, rights to purchase, warrants or options for, participations in, or other
equivalents of, in each case however designated, the equity of such person, but excluding any debt securities convertible into
such equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Close of business&rdquo; means 5:00 p.m., New
York City time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Conversion price&rdquo; means, as of any time,
an amount equal to (i) $1,000 divided by (ii) the conversion rate in effect at such time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Conversion rate&rdquo; initially
means 79.2896 shares of Common Stock per $1,000 principal amount of 2025 Notes, which amount is subject to adjustment as described
above under the caption &ldquo;&mdash;Conversion Rights.&rdquo; Whenever in this prospectus we refer to the conversion rate as
of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the conversion
rate immediately after the close of business on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Daily VWAP&rdquo; means, for any
VWAP trading day, the per share volume-weighted average price of the Common Stock as displayed under the heading &ldquo;Bloomberg
VWAP&rdquo; on Bloomberg page &ldquo;INSG &lt;EQUITY&gt; AQR&rdquo; (or, if such page is not available, its equivalent successor
page) in respect of the period from the scheduled open of trading until the scheduled close of trading of the primary trading session
on such VWAP trading day (or, if such volume-weighted average price is unavailable, the market value of one share of Common Stock
on such VWAP trading day, determined, using a volume-weighted average price method, by a nationally recognized independent investment
banking firm we select, which may include the underwriter). The daily VWAP will be determined without regard to after-hours trading
or any other trading outside of the regular trading session.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Depositary procedures&rdquo;
means, with respect to any transfer, exchange or transaction involving a global note or any beneficial interest therein, the rules
and procedures of the depositary applicable to such transfer, exchange or transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;DTC&rdquo; means The Depository Trust Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Ex-dividend date&rdquo;
means, with respect to an issuance, dividend or distribution on the Common Stock, the first date on which shares of Common Stock
trade on the applicable exchange or in the applicable market, regular way, without the right to receive such issuance, dividend
or distribution (including pursuant to due bills or similar arrangements required by the relevant stock exchange). For the avoidance
of doubt, any alternative trading convention on the applicable exchange or market in respect of Common Stock under a separate ticker
symbol or CUSIP number will not be considered &ldquo;regular way&rdquo; for this purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Exchange Act&rdquo; means the U.S. Securities
Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Fundamental change&rdquo; means any of the following
events:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="padding-right: 1pt">a &ldquo;person&rdquo; or &ldquo;group&rdquo; (within the meaning of Section 13(d)(3) of the Exchange
Act), other than us, any of our wholly owned subsidiaries or any employee benefit plans of ours or any of our wholly owned subsidiaries,
has become and has filed any report with the Commission that discloses that such person or group has become the direct or indirect
&ldquo;beneficial owner&rdquo; (as defined below) of shares of Common Stock representing more than 50% of the voting power of all
of our then-outstanding Common Stock; <I>provided</I>, <I>however</I>, that, for these purposes, no &ldquo;person&rdquo; or &ldquo;group&rdquo;
will be deemed to be the beneficial owner of any securities tendered pursuant to a tender or exchange offer made by or on behalf
of such &ldquo;person&rdquo; or &ldquo;group&rdquo; until such tendered securities are accepted for purchase or exchange under
such offer;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>the consummation of: (1) any sale, lease or other transfer, in one transaction or a series of transactions, of all or substantially
all of the assets of us and our subsidiaries, taken as a whole, to any person, other than solely to one or more of our wholly owned
subsidiaries; or (2) any transaction or series of related transactions in connection with which (whether by means of merger, consolidation,
share exchange, combination, reclassification, recapitalization, acquisition, liquidation or otherwise) all of the Common Stock
is exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities, cash or other property
(other than changes resulting solely from a subdivision or combination, or a change in par value, of the Common Stock); <I>provided</I>,
<I>however</I>, that any merger, consolidation, share exchange or combination of us pursuant to which the persons that directly
or indirectly &ldquo;beneficially owned&rdquo; (as defined below) all classes of our common equity immediately before such transaction
directly or indirectly &ldquo;beneficially own,&rdquo; immediately after such transaction, more than 50% of all classes of common
equity of the surviving, continuing or acquiring company or other transferee, as applicable, or the parent thereof, in substantially
the same proportions vis-&agrave;-vis each other as immediately before such transaction will be deemed not to be a fundamental
change pursuant to this clause (ii);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD>our stockholders approve any plan or proposal for our liquidation or dissolution; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="padding-right: 4pt">the Common Stock ceases to be listed or quoted on any of The New York Stock Exchange, The Nasdaq
Global Market or The Nasdaq Global Select Market (or any of their respective successors);</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><I>provided</I>, <I>however</I>, that a transaction
or event described in clause (i) or (ii) above will not constitute a fundamental change if at least 90% of the consideration received
or to be received by the holders of Common Stock (excluding cash payments for fractional shares or pursuant to dissenters rights),
in connection with such transaction or event, consists of shares of common stock (exclusive of depositary receipts representing
shares of common stock) listed or quoted on any of The New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select
Market (or any of their respective successors), or that will be so listed when issued or exchanged in connection with such transaction
or event, and such transaction or event constitutes a common stock change event whose reference property consists of such consideration.
For purposes of this definition of &ldquo;fundamental change&rdquo; above, any transaction that constitutes a fundamental change
pursuant to both clauses (i) and (ii) above (without regard to the proviso in clause (ii) above) will be deemed to occur solely
pursuant to clause (ii) above (subject to such proviso).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">For the purposes of this definition,
whether a person is a &ldquo;beneficial owner&rdquo; and whether shares are &ldquo;beneficially owned&rdquo; will be determined
in accordance with Rule 13d-3 under the Exchange Act, subject to the proviso to clause (i) above</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Holder&rdquo; and &ldquo;noteholder&rdquo; mean
a person in whose name a note is registered in the register for the 2025 Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Last reported sale price&rdquo;
of the Common Stock for any trading day means the closing sale price per share (or, if no closing sale price is reported, the average
of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid
prices and the average last ask prices per share) of the Common Stock on such trading day as reported in composite transactions
for the principal U.S. national or regional securities exchange on which the Common Stock is then listed. If the Common Stock is
not listed on a U.S. national or regional securities exchange on such trading day, then the last reported sale price will be the
last quoted bid price per share of the Common Stock on such trading day in the over-the-counter market as reported by OTC Markets
Group Inc. or a similar organization. If the Common Stock is not so quoted on such trading day, then the last reported sale price
will be the average of the mid-point of the last bid price and the last ask price per share of the Common Stock on such trading
day from each of at least three nationally recognized independent investment banking firms we select, which may include the underwriter.
The &ldquo;last reported sale price&rdquo; will be determined without regard to after-hours trading or any other trading outside
of the regular trading session hours.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Make-whole fundamental
change&rdquo; means a fundamental change (determined after giving effect to the proviso immediately after clause (iv) of the definition
thereof, but without regard to the proviso to clause (ii)(2) of such definition).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Make-whole fundamental change conversion
period&rdquo; means the period from, and including, the make-whole fundamental change effective date of such make-whole fundamental
change to, and including, the 35th trading day after such make-whole fundamental change effective date (or, if such make-whole
fundamental change also constitutes a fundamental change (other than an exempted fundamental change), to, and including, the business
day immediately before the related fundamental change repurchase date).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Make-whole fundamental change effective
date&rdquo; means the date on which such make-whole fundamental change occurs or becomes effective.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Market disruption event&rdquo; means,
with respect to any date, the occurrence or existence, during the one-half hour period ending at the scheduled close of trading
on such date on the principal U.S. national or regional securities exchange or other market on which the Common Stock is listed
for trading or trades, of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits
permitted by the relevant exchange or otherwise) in the Common Stock or in any options, contracts or futures contracts relating
to the Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Maturity date&rdquo; means May 1, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Open of business&rdquo; means 9:00 a.m., New
York City time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&ldquo;Person&rdquo; means any
individual, corporation, partnership, limited liability company (or series thereof), joint venture, association, joint-stock company,
trust, unincorporated organization or government or other agency or political subdivision thereof. Any division or series of a
limited liability company, limited partnership or trust will constitute a separate &ldquo;person.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Scheduled trading day&rdquo; means
any day that is scheduled to be a trading day on the principal U.S. national or regional securities exchange on which the Common
Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal
other market on which the Common Stock is then traded. If the Common Stock is not so listed or traded, then &ldquo;scheduled trading
day&rdquo; means a business day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Securities Act&rdquo; means the U.S. Securities
Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Significant subsidiary&rdquo;
of any person means any subsidiary of that person that constitutes, or any group of subsidiaries of that person that, in the aggregate,
would constitute, a &ldquo;significant subsidiary&rdquo; (as defined in Rule 1-02(w) of Regulation S-X under the Exchange Act)
of that person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 24pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Stock price&rdquo; has the
following meaning for any make-whole fundamental change: (i) if the holders of Common Stock receive only cash in consideration
for their shares of Common Stock in such make-whole fundamental change and such make-whole fundamental change is pursuant to clause
(ii) of the definition of &ldquo;fundamental change,&rdquo; then the stock price is the amount of cash paid per share of Common
Stock in such make-whole fundamental change; and (ii) in all other cases, the stock price is the average of the last reported sale
prices per share of Common Stock for the five consecutive trading days ending on, and including, the trading day immediately before
the make-whole fundamental change effective date of such make-whole fundamental change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Subsidiary&rdquo; means, with respect
to any person, (i) any corporation, association or other business entity (other than a partnership or limited liability company)
of which more than 50% of the total voting power of the capital stock entitled (without regard to the occurrence of any contingency,
but after giving effect to any voting agreement or stockholders&rsquo; agreement that effectively transfers voting power) to vote
in the election of directors, managers or trustees, as applicable, of such corporation, association or other business entity is
owned or controlled, directly or indirectly, by such person or one or more of the other subsidiaries of such person; and (ii) any
partnership or limited liability company where (x) more than 50% of the capital accounts, distribution rights, equity and voting
interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company
are owned or controlled, directly or indirectly, by such person or one or more of the other subsidiaries of such person, whether
in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (y)
such person or any one or more of the other subsidiaries of such person is a controlling general partner of, or otherwise controls,
such partnership or limited liability company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Trading day&rdquo; means
any day on which (i) trading in the Common Stock generally occurs on the principal U.S. national or regional securities exchange
on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange,
on the principal other market on which the Common Stock is then traded; and (ii) there is no &ldquo;market disruption event&rdquo;
(as defined above in this &ldquo;&mdash;Definitions&rdquo; section). If the Common Stock is not so listed or traded, then &ldquo;trading
day&rdquo; means a business day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;VWAP market disruption event&rdquo;
means, with respect to any date, (i) the failure by the principal U.S. national or regional securities exchange on which the Common
Stock is then listed, or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, the principal
other market on which the Common Stock is then traded, to open for trading during its regular trading session on such date; or
(ii) the occurrence or existence, for more than one half hour period in the aggregate, of any suspension or limitation imposed
on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or otherwise) in the Common Stock
or in any options, contracts or futures contracts relating to the Common Stock, and such suspension or limitation occurs or exists
at any time before 1:00 p.m., New York City time, on such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;VWAP trading day&rdquo;
means a day on which (i) there is no VWAP market disruption event; and (ii) trading in the Common Stock generally occurs on the
principal U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not
then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then
traded. If the Common Stock is not so listed or traded, then &ldquo;VWAP trading day&rdquo; means a business day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-indent: 0.5in">&ldquo;Wholly owned subsidiary&rdquo;
of a person means any subsidiary of such person all of the outstanding capital stock or other ownership interests of which (other
than directors&rsquo; qualifying shares) are owned by such person or one or more wholly owned subsidiaries of such person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">The 2025 Notes were initially issued
in the form of one or more 2025 Notes registered in the name of Cede &amp; Co., as nominee of DTC, without interest coupons (the
&ldquo;global 2025 Notes&rdquo;), and were deposited with the trustee as custodian for DTC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">Only persons who have accounts
with DTC (&ldquo;DTC participants&rdquo;) or persons who hold interests through DTC participants may own beneficial interests in
a global note. We expect that, under procedures established by DTC:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 10pt">upon our deposit of the global 2025 notes with DTC&rsquo;s custodian, DTC credited portions of
the principal amount of the global notes to the accounts of the DTC participants designated by the underwriter; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 2pt">ownership of beneficial interests in the global 2025 notes are shown on, and transfers of such interests
will be effected only through, records maintained by DTC (with respect to interests of DTC participants) and the records of DTC
participants (with respect to other owners of beneficial interests in the global notes).</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><I>Book-Entry Procedures for Global Notes</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All interests in a global note are subject
to the operations and procedures of DTC. Accordingly, you must allow for sufficient time in order to comply with those operations
and procedures if you wish to exercise any of your rights with respect to the 2025 Notes. The operations and procedures of DTC
are controlled by DTC and may be changed at any time. None of us, the trustee or any of the underwriter (or our or their agents)
will be responsible for those operations or procedures.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">DTC has advised us that it is:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a limited purpose trust company organized under the laws of the State of New York;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 179.55pt">a &ldquo;banking organization&rdquo; within the meaning of the New York State Banking Law;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a member of the Federal Reserve System;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a &ldquo;clearing corporation&rdquo; within the meaning of the Uniform Commercial Code; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a &ldquo;clearing agency&rdquo; registered under Section 17A of the Exchange Act.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">DTC was created to hold securities
for its participants and to facilitate the clearance and settlement of securities transactions between its participants through
electronic book-entry changes to the accounts of its participants. DTC&rsquo;s participants include securities brokers and dealers
(including the underwriter), banks and trust companies, clearing corporations and other organizations. Indirect access to DTC&rsquo;s
book-entry system is also available to other &ldquo;indirect participants,&rdquo; such as banks, brokers, dealers and trust companies,
who directly or indirectly clear through or maintain a custodial relationship with a DTC participant. Purchasers of 2025 Notes
who are not DTC participants may beneficially own securities held by or on behalf of DTC only through DTC participants or indirect
participants in DTC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 11pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">So long as DTC or its nominee
is the registered owner of a global note, DTC or that nominee will be considered the sole owner or holder of the 2025 Notes represented
by that global note for all purposes under the indenture. Except as provided below, owners of beneficial interests in a global
note:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 13pt 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>will not be entitled to have 2025 Notes represented by the global note registered in their names;</TD></TR></TABLE>

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

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

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

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

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    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>will not receive or be entitled to receive physical, certificated 2025 Notes; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>will not be considered the owners or holders of the 2025 Notes under the indenture for any purpose.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As a result,
each investor who owns a beneficial interest in a global note must rely on the procedures of DTC (and, if the investor is not a
participant or an indirect participant in DTC, on the procedures of the DTC participant through whom the investor owns its interest)
to exercise any rights of a noteholder under the indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Payments on any global 2025 Notes
will be made to DTC&rsquo;s nominee as the registered holder of the global note. Neither we nor the trustee (nor our or its agents)
will have any responsibility or liability for the payment of amounts to owners of beneficial interests in a global note, for any
aspect of the records relating to, or payments made on account of, those interests by DTC or for maintaining, supervising or reviewing
any records of DTC relating to those interests. Payments by participants and indirect participants in DTC to the owners of beneficial
interests in a global note will be governed by standing instructions and customary industry practice and will be the responsibility
of those participants or indirect participants and DTC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Transfers between participants in DTC will be effected
under DTC&rsquo;s procedures and will be settled in same-day funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A global note will be exchanged, pursuant to customary
procedures, for one or more physical 2025 Notes only if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 12pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 15pt">DTC notifies us or the trustee that it is unwilling or unable to continue as depositary for such
global note or DTC ceases to be a &ldquo;clearing agency&rdquo; registered under Section 17A of the Exchange Act and, in each case,
we fail to appoint a successor depositary within 90 days of such notice or cessation;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD STYLE="padding-right: 7pt">an event of default has occurred and is continuing and we, the trustee or the registrar has received
a written request from DTC, or from a holder of a beneficial interest in such global note, to exchange such global note or beneficial
interest, as applicable, for one or more physical 2025 Notes; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>we, in our sole discretion, permit the exchange of any beneficial interest in such global note for one or more physical 2025
Notes at the request of the owner of such beneficial interest.</TD></TR></TABLE>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a11"></A><B>DESCRIPTION OF CAPITAL STOCK</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>The following is a summary description
of the material terms of our capital stock as well as certain provisions of our amended and restated certificate of incorporation
(as amended, our &ldquo;Certificate of Incorporation&rdquo;) and our amended and restated bylaws (as amended, our &ldquo;Bylaws&rdquo;).
For more detailed information, you should refer to the full text of our Certificate of Incorporation and our Bylaws, which have
been filed with the Commission as exhibits to our registration statement, of which this prospectus forms a part. </I></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our authorized capital stock consists of
152,000,000 shares. Those shares consist of 150,000,000 shares designated as Common Stock and 2,000,000 shares designated as preferred
stock, $0.001 par value per share (the &ldquo;Preferred Stock&rdquo;). The Preferred Stock is issuable in one or more series designated
by the Board, of which 150,000 shares have been designated as Series D Preferred Stock, par value $0.001 per share (the &ldquo;Series
D Preferred Stock&rdquo;), and of which 39,500 shares have been designated as Series E Fixed-Rate Cumulative Perpetual Preferred
Stock, par value $0.001 per share (the &ldquo;Series E Preferred Stock&rdquo;). As of June 30, 2020, there were 97,018,396 shares
of Common Stock, 0 shares of Series D Preferred Stock and 35,000 shares of Series E Preferred Stock issued and outstanding.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to the rights of holders of all
classes of stock at the time outstanding having prior rights as to dividends, the holders of Common Stock are entitled to receive
such dividends, if any, as may from time to time be declared by our Board out of funds legally available for that purpose. Pursuant
to our Certificate of Incorporation, holders of Common Stock are entitled to one vote per share, and are entitled to vote upon
such matters and in such manner as may be provided by law. Holders of Common Stock have no preemptive, conversion, redemption or
sinking fund rights. Subject to the rights of holders of all classes of stock at the time outstanding having prior rights as to
liquidation, holders of Common Stock, upon the liquidation, dissolution or winding up of the Company, are entitled to share equally
and ratably in the assets of the Company. The outstanding shares of Common Stock are validly issued, fully paid and nonassessable.
The rights, preferences and privileges of holders of Common Stock are subject to the rights, preferences and privileges of any
series of Preferred Stock that we have issued or we may issue in the future.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each share of Common Stock includes Series
D Preferred Stock purchase rights (the &ldquo;Rights&rdquo;) pursuant to the Rights Agreement. Prior to the occurrence of certain
events, the Rights will not be exercisable or evidenced separately from the Common Stock. The Rights have no value except as reflected
in the market price of the shares of the Common Stock to which they are attached, and can be transferred only with the shares of
Common Stock to which they are attached.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Certificate of Incorporation provides
that we may issue shares of Preferred Stock from time to time in one or more series. Our Board is authorized to fix the voting
rights, if any, designations, powers, preferences, qualifications, limitations and restrictions thereof, applicable to the shares
of each series of Preferred Stock. The Board may, without stockholder approval, issue Preferred Stock with voting and other rights
that could adversely affect the voting power and other rights of the holders of Common Stock, which may have the effect of decreasing
the market price of the Common Stock. The ability of the Board to issue Preferred Stock without stockholder approval could have
anti-takeover effects, including by delaying, deferring or preventing a change of control or the removal of our existing management.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Series D Preferred Stock, par value
$0.001&nbsp;per share (the &ldquo;Series D Preferred Stock&rdquo;), is reserved for issuance in connection with the Rights outstanding
under our Rights Agreement. The Series D Preferred Stock will not be redeemable at the option of the holders thereof. Each share
of Series D Preferred Stock will be entitled to receive quarterly dividends when, as and if declared by the Board, out of funds
legally available for such purpose, equal to&nbsp;1,000 times the aggregate of all dividends declared per share of Common Stock
since the immediately preceding quarterly dividend payment date. In the event of our liquidation, the holders of Series D Preferred
Stock will be entitled to an aggregate payment equal to&nbsp;1,000 times the payment made per share of Common Stock, plus any accrued
and unpaid dividends. Each share of Series D Preferred Stock shall be entitled to&nbsp;1,000 votes, voting together with the shares
of Common Stock, on any matter submitted to a vote of our stockholders. In the event of any merger, consolidation or other transaction
in which shares of Common Stock are exchanged, each share of Series D Preferred Stock will be exchanged for&nbsp;1,000 times the
amount of consideration into which each share of Common Stock is exchanged. Because of the nature of the Series D Preferred Stock
dividend, liquidation and voting rights, the value of the one one-thousandth share of Series D Preferred Stock purchasable upon
exercise of each Right should approximate the value of one share of Common Stock. The Series D Preferred Stock would rank junior
to any other series of Preferred Stock. There are currently no shares of Series D Preferred Stock issued and outstanding.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each share of Series E Preferred Stock
entitles the holder thereof to receive, when, as and if declared by the Board out of assets legally available therefor, cumulative
cash dividends at an annual rate of 9.00% payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year,
beginning on October 1, 2019. If dividends are not declared and paid in any quarter, or if such dividends are declared but holders
of the Series E Preferred Stock elect not to receive them in cash, the quarterly dividend will be deemed to accrue and will be
added to the Series E Base Amount. The Series E Preferred Stock has no voting rights unless otherwise required by law. The Series
E Preferred Stock is perpetual and has no maturity date. However, Inseego may, at its option, redeem shares of the Series E Preferred
Stock, in whole or in part, on or after July 1, 2022, at a price equal to 110% of the Series E Base Amount plus (without duplication)
any accrued and unpaid dividends. The &ldquo;Series E Base Amount&rdquo; means $1,000 per share, plus any accrued but unpaid dividends,
whether or not declared by our Board, subject to appropriate adjustment in the event of any stock dividend, stock split, combination
or other similar recapitalization with respect to the Series E Preferred Stock. In the event of a liquidation, dissolution or winding
up of Inseego, the holders of the Series E Preferred Stock will be entitled to receive, after satisfaction of liabilities to creditors
and subject to the rights of holders of any senior securities, but before any distribution of assets is made to holders of Common
Stock or any other junior securities, the Series E Base Amount plus (without duplication) any accrued and unpaid dividends.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The description of certain provisions of
the Preferred Stock set forth in any prospectus supplement does not purport to be complete and is subject to and qualified in its
entirety by reference to our Certificate of Incorporation and the certificate of designations relating to each series of Preferred
Stock. The applicable prospectus supplement (and any related free writing prospectus that we may authorize to be provided to you)
will describe the specific terms of any series of Preferred Stock being offered which may include:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the specific designation, number of shares, seniority and purchase price;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>any liquidation preference per share and any accumulated dividends upon the liquidation, dissolution or winding up of our affairs;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>any redemption, repayment or sinking fund provisions;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>any dividend rate or rates, whether the dividend rate is fixed or variable, the date dividends accrue, the dates on which any
those dividends will be payable (or the method by which those rates or dates will be determined), and whether dividends will be
cumulative;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>any voting rights;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>if other than the currency of the United States, the currency or currencies (including composite currencies) in which the Preferred
Stock is denominated and in which payments will or may be payable;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the method by which amounts in respect of that series of Preferred Stock may be calculated and any commodities, currencies
or indices, or value, rate or price, relevant to that calculation;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>whether such series of Preferred Stock is convertible and, if so, the securities or rights into which it is convertible, and
the terms and conditions upon which those conversions will be effected;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the place or places where dividends and other payments on that series of Preferred Stock will be payable;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>any additional voting, dividend, liquidation, redemption and other rights, preferences, privileges, limitations and restrictions;
and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41.1pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>a discussion of material U.S. federal income tax consequences, if any.</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All shares of Preferred Stock offered by
this prospectus, or issuable upon conversion or exercise of securities, will, when issued, be validly issued and fully paid and
non-assessable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The General Corporation Law of the State
of Delaware (the &ldquo;DGCL&rdquo;), the state of our incorporation, provides that the holders of Preferred Stock will have the
right to vote separately as a class on any proposal involving fundamental changes in the rights of holders of that Preferred Stock.
This right is in addition to any voting rights that may be provided for in the applicable certificate of designation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Anti-Takeover Effects of Some Provisions of Delaware Law</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Provisions of Delaware law and our Certificate
of Incorporation and Bylaws could make the acquisition of the Company through a tender offer, a proxy contest or other means more
difficult and could make the removal of incumbent officers and directors more difficult. We expect these provisions to discourage
coercive takeover practices and inadequate takeover bids and to encourage persons seeking to acquire control of the Company to
first negotiate with our Board. We believe that the benefits provided by our ability to negotiate with the proponent of an unfriendly
or unsolicited proposal outweigh the disadvantages of discouraging these proposals. We believe the negotiation of an unfriendly
or unsolicited proposal could result in an improvement of its terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are subject to Section&nbsp;203 of the
DGCL, an anti-takeover law. In general, Section&nbsp;203 prohibits a publicly held Delaware corporation from engaging in a &ldquo;business
combination&rdquo; with an &ldquo;interested stockholder&rdquo; for a period of three years following the date the person became
an interested stockholder, unless:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">the Board approves either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder, prior to the time the interested stockholder attained that status;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">upon the closing of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding, for purposes of determining the number of shares outstanding, those shares owned by persons who are directors and also officers and by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">at or subsequent to such time, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66-2/3% of the outstanding voting stock that is not owned by the interested stockholder.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">With certain exceptions, an &ldquo;interested
stockholder&rdquo; is a person or group who or which owns 15% or more of the corporation&rsquo;s outstanding voting stock (including
any rights to acquire stock pursuant to an option, warrant, agreement, arrangement or understanding, or upon the exercise of conversion
or exchange rights, and stock with respect to which the person has voting rights only), or is an affiliate or associate of the
corporation and was the owner of 15% or more of such voting stock at any time within the previous three years.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In general, Section&nbsp;203 defines a
business combination to include:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">any merger or consolidation involving the corporation and the interested stockholder;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of any class or series of the corporation beneficially owned by the interested stockholder; or</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A Delaware corporation may &ldquo;opt out&rdquo;
of this provision with an express provision in its original certificate of incorporation or an express provision in its amended
and restated certificate of incorporation or bylaws resulting from a stockholders&rsquo; amendment approved by at least a majority
of the outstanding voting shares. However, the Company has not &ldquo;opted out&rdquo; of this provision. Section&nbsp;203 could
prohibit or delay mergers or other takeover or change-in-control attempts and, accordingly, may discourage attempts to acquire
the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Anti-Takeover Effects of Our Charter Documents</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Certificate of Incorporation provides
for the Board to be divided into three classes serving staggered terms. Approximately one-third of the Board will be elected each
year. The provision for a classified board could prevent a party who acquires control of a majority of the outstanding voting stock
from obtaining control of the Board until the second annual stockholders meeting following the date the acquirer obtains the controlling
stock interest. The classified board provision could discourage a potential acquirer from making a tender offer or otherwise attempting
to obtain control of the Company and could increase the likelihood that incumbent directors will retain their positions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Bylaws establish an advance notice
procedure for stockholder proposals to be brought before an annual or special meeting of our stockholders, including proposed nominations
of persons for election to the Board. Among other requirements, the advance notice provisions provide that (a)&nbsp;a stockholder
must provide to the secretary of the Company timely notice (generally 90-120 days prior to the one-year anniversary of the previous
year&rsquo;s annual meeting of stockholders) of any business, including director nominations, proposed to be brought before the
annual or special meeting, which notice must conform to the substantive requirements set forth in the Bylaws, (b)&nbsp;a stockholder
must deliver certain information regarding the person(s) making the proposal, and in the case of any nominee for election to the
Board, information regarding such nominee, in each case as set forth in the Bylaws, and (c)&nbsp;any nominee for election to the
Board must provide both an executed questionnaire regarding his or her background, qualifications, stock ownership and independence,
and an executed representation agreement regarding voting commitments, indemnification or similar arrangements and compliance with
Company policies applicable to members of the Board. These provisions may discourage or deter a potential acquirer from conducting
a solicitation of proxies to elect the acquirer&rsquo;s own slate of directors or otherwise attempting to obtain control of the
Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Bylaws provide that our Board, our
chairperson of the Board or our chief executive officer may call a special meeting of stockholders. Because our stockholders do
not have the right to call a special meeting, a stockholder could not force stockholder consideration of a proposal over the opposition
of the Board by calling a special meeting of stockholders prior to such time as a majority of the Board believed the matter should
be considered or until the next annual meeting provided that the requestor met the notice and other requirements. The restriction
on the ability of stockholders to call a special meeting means that a proposal to replace the Board also could be delayed until
the next annual meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Certificate of Incorporation provides
that our Bylaws may be altered or amended or new bylaws adopted by the affirmative vote of at least 66 2/3% of the voting power
of all of the then-outstanding shares of our voting stock entitled to vote.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Board is expressly authorized to adopt,
amend or repeal our Bylaws. This provision may not be repealed, amended or altered in any respect without the affirmative vote
of the holders of at least 66 2/3% of the voting power of all of the then-outstanding shares of our voting stock entitled to vote.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Certificate of Incorporation does not
allow stockholders to act by written consent without a meeting. Without the availability of stockholder action by written consent,
a holder of the requisite number of shares of our capital stock would not be able to amend our Bylaws or remove directors without
holding a stockholders&rsquo; meeting. The holder would have to obtain the consent of a majority of our Board, our chairperson
of the Board or our chief executive officer to call a stockholders&rsquo; meeting and satisfy the notice periods determined by
our Board.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Anti-Takeover Effects of Our Rights Agreement</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On January&nbsp;22, 2018, the Company entered
into the Rights Agreement with Computershare Trust Company, N.A., a federally chartered trust company, as rights agent (&ldquo;Rights
Agent&rdquo;). In connection with the Rights Agreement, the Board authorized and declared a dividend distribution of one Right
for each share of Common Stock outstanding and has authorized the issuance of one Right with respect to each share of Common Stock
that is issued and becomes outstanding until the earlier of the Distribution Date and the Expiration Date (each as defined in the
Rights Agreement). Prior to exercise, the Rights do not give their holders any rights as stockholders of the Company, including
any dividend, voting or liquidation rights. The Rights trade only with the shares of Common Stock to which they are attached. A
complete description and terms of the Rights are set forth in the Rights Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Rights are not exercisable until the
Distribution Date. Until the Distribution Date, the Rights will be transferred with and only with the Common Stock. Upon the Distribution
Date, the Rights may be transferred separately from the Common Stock, and each Right, other than Rights held by an Acquiring Person
(as defined below), will entitle its holder to purchase from the Company one one-thousandth of a share of Series D Preferred Stock,
at a purchase price of $10.00&nbsp;per one one-thousandth of a share of Series D Preferred Stock, subject to adjustment (the &ldquo;Purchase
Price&rdquo;). An &ldquo;Acquiring Person&rdquo; is any person or group of affiliated or associated persons that has acquired or
has the ability to acquire direct or indirect beneficial ownership of&nbsp;4.9% or more of the Company&rsquo;s Common Stock then-outstanding,
subject to certain exceptions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If any person becomes an Acquiring Person,
each holder of Rights (other than Rights owned by an Acquiring Person, which shall have become void), will thereafter have the
right to receive, upon exercise thereof, that number shares of Common Stock of the Company having a market value equal to two times
the Purchase Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If, at any time after a person becomes
an Acquiring Person, the Company is acquired in a merger or other business combination transaction or&nbsp;50% or more of its consolidated
assets or earning power are sold, proper provision will be made so that each holder of a Right will thereafter have the right to
receive, upon the exercise thereof at the then-current Purchase Price of the Right, that number of shares of Common Stock of the
acquiring company which at the time of such transaction will have a market value equal to two times the Purchase Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At any time after any person becomes an
Acquiring Person and prior to the acquisition by any person or group of a majority of the Common Stock then-outstanding, the Board
may exchange the Rights (other than Rights owned by an Acquiring Person, which shall have become void), at an exchange ratio of
one share of Common Stock per Right, subject to adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Rights will expire on the earliest
of (a)&nbsp;the close of business on January&nbsp;22, 2021, (b)&nbsp;the time at which the Rights are redeemed, and (c)&nbsp;the
time at which the Rights are exchanged.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At any time before any person becomes an
Acquiring Person, the Board may redeem the Rights in whole, but not in part. Immediately upon any redemption of the Rights, the
right to exercise the Rights will terminate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The terms of the Rights Agreement may be
amended by the Board without the consent of the holders of the Rights. However, from and after such time as any person becomes
an Acquiring Person, the Rights Agreement shall not be amended or supplemented in any manner which would adversely affect the interests
of the holders of Rights (other than Rights which have become null and void).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Rights have anti-takeover effects.
If the Rights are exercised, shares of Series D Preferred Stock will be issued, which will cause significant dilution to an Acquiring
Person that attempts to acquire us on terms not approved by our Board. The Rights should not interfere with any merger or other
business combination approved by our Board since the Rights may be amended to permit such acquisition or redeemed by us at $0.0001
per Right at any time prior to the time that a person or group becomes an Acquiring Person.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Common Stock trades on The Nasdaq Global
Select Market under the trading symbol &ldquo;INSG&rdquo;.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The transfer agent and registrar for our
Common Stock and related rights to purchase Series D Preferred Stock is Computershare Trust Company, N.A. Its address is&nbsp;250
Royall Street, Canton, MA&nbsp;02021, and its telephone number is (877)&nbsp;290-2245.</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a12"></A>MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following is a summary of material
U.S. federal income tax considerations of the purchase, ownership, conversion and disposition of the 2025 Notes, and the holding
and disposition of any shares of Common Stock issuable upon conversion of the 2025 Notes, but does not purport to be a complete
analysis of all potential U.S. federal income tax aspects and does not address the effects of any state, local, alternative minimum,
estate, gift or non-U.S. tax laws. This summary is based upon provisions of the Code, Treasury Regulations issued thereunder, and
judicial and administrative interpretations thereof, each as in effect on the date hereof, all of which are subject to change,
possibly with retroactive effect, and to differing interpretations, and all of which could result in U.S. federal income tax considerations
different from those described below. No rulings from the Internal Revenue Service (the &ldquo;IRS&rdquo;) have been or are expected
to be sought with respect to the matters discussed below. The discussion below is not binding on the IRS or the courts. Accordingly,
there can be no assurance that the IRS will not take a different position concerning the tax consequences of the purchase, ownership,
conversion or disposition of the 2025 Notes, and the holding and disposition of any shares of Common Stock issuable upon conversion
of the 2025 Notes or that any such position would not be sustained.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This discussion does not address any specific
U.S. federal income tax considerations that might be relevant to a holder of 2025 Notes or Common Stock in light of such holder&rsquo;s
particular facts or circumstances or to holders subject to special treatment under the U.S. federal income tax laws, including:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a dealer in securities;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a financial institution;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a regulated investment company;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a real estate investment trust;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a tax-exempt organization;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>an insurance company;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a person holding the 2025 Notes or Common Stock as part of a hedging, integrated, or conversion transaction or a straddle,
or a person deemed to sell 2025 Notes or Common Stock under the constructive sale provisions of the Code;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a trader in securities that has elected the mark-to-market method of accounting for securities;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>an entity that is treated as a partnership or other pass-through entity for U.S. federal income tax purposes, and investors
in such entities;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a U.S. person whose &ldquo;functional currency&rdquo; is not the U.S. dollar;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a &ldquo;controlled foreign corporation&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a &ldquo;passive foreign investment company&rdquo;;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a U.S. expatriate; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>persons required for U.S. federal income tax purposes to conform the timing of income accruals to their financial statements
under Section 451(b) of the Code.</TD></TR></TABLE>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, this discussion deals only
with a 2025 Note or share of Common Stock acquired pursuant to a conversion of such note held as a capital asset by a beneficial
owner who purchased such note from a selling securityholder pursuant to this registration statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If a partnership holds the 2025 Notes or
shares of Common Stock issuable upon conversion of the 2025 Notes, the tax treatment of a partner will generally depend upon the
status of the partner and the activities of the partnership. A partner of a partnership holding the 2025 Notes or such shares of
Common Stock should consult its own tax advisors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Prospective investors considering the
purchase of notes should consult their own tax advisors concerning the particular U.S. federal income tax consequences to them
of the ownership of the notes or shares of Common Stock in light of their specific situation, as well as the consequences to them
arising under any state, local, foreign or other tax laws, including gift and estate tax laws and any applicable tax treaty.</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of this discussion, a &ldquo;U.S.
holder&rdquo; is a beneficial owner of a note or share of Common Stock received upon conversion of a note that is, for U.S. federal
income tax purposes, one of the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>an individual who is a citizen or resident of the U.S.;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a corporation (including an entity taxable as a corporation) created or organized in or under the laws of the U.S., any state
thereof or the District of Columbia;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>an estate, the income of which is subject to U.S. federal income tax regardless of its source; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>a trust, if (a) a U.S. court can exercise primary supervision over the administration of the trust and one or more U.S. persons
can control all substantial trust decisions or (b) the trust has a valid election in effect under applicable Treasury Regulations
to be treated as a U.S. person.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Interest on a note will generally be taxable
to a U.S. holder as ordinary income at the time it is paid or accrued in accordance with the U.S. holder&rsquo;s usual method of
accounting for tax purposes.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As described under the headings &ldquo;Description
of Notes&mdash;Events of Default,&rdquo; we may be required to pay additional interest on the 2025 Notes in certain circumstances.
We intend to take the position that the 2025 Notes should not be treated as contingent payment debt instruments because of the
anticipated remote possibility of such additional payments. Assuming such position is respected, any additional interest paid to
a U.S. holder would be taxable as additional ordinary income when received or accrued, in accordance with the U.S. holder&rsquo;s
method of accounting for U.S. federal income tax purposes. However, the IRS may take a position contrary to our position, which
could materially and adversely affect the timing and character of income received as additional interest. In addition, as described
under the headings &ldquo;Description of Notes&mdash;Conversion Rights&mdash;Increase in Conversion Rate in Connection with a Make-Whole
Fundamental Change&rdquo; and &ldquo;Description of Notes&mdash;Interest Make-Whole Payment,&rdquo; upon certain conversions of
the 2025 Notes, we may pay additional shares or cash in certain circumstances. Due to a lack of relevant authority regarding the
treatment of such payments, in particular the interest make- whole payment, the applicability of the Treasury Regulations governing
contingent payment debt instrument is uncertain. While not free from doubt, we intend to take the position that the 2025 Notes
should not be treated as contingent payment debt instruments because of the possibility of payment of these additional shares or
cash, based in part on the fact that the payments will be made only to holders who are converting their 2025 Notes under certain
circumstances and as a result are most appropriately treated as a change in conversion rate. Depending upon the circumstances,
such additional payments, if made in the form of additional shares, may be taxed as deemed dividends as described under &ldquo;&mdash;Constructive
Distribution.&rdquo;</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A U.S. holder that purchases a 2025 Note
from a selling securityholder pursuant to this prospectus for an amount that is less than its stated principal amount may be treated
as acquiring such note with &ldquo;market discount.&rdquo; Subject to a <I>de minimis</I> exception, the &ldquo;market discount&rdquo;
on a note will equal the amount, if any, by which its stated principal amount exceeds the U.S. holder&rsquo;s adjusted tax basis
in the note immediately after its acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If a U.S. holder acquires a note at a market
discount and does not elect to include market discount in income as it accrues, such U.S. holder will generally be required to
treat any gain recognized on a sale, exchange, redemption or other taxable disposition of the note as ordinary income to the extent
of accrued market discount on such note at the time of such sale, exchange, redemption or other taxable disposition. In addition,
such U.S. holder may be required to include accrued market discount in income upon a disposition of a note in certain otherwise
non-taxable transactions as if such U.S. holder sold the note for its fair market value. A U.S. holder that acquires a note at
a market discount and does not elect to include market discount in income as it accrues may be required to defer the deduction
of all or a portion of the interest expense on any indebtedness incurred or maintained to purchase or carry the note until maturity
or until a taxable disposition of the note.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A U.S. holder may elect to include market
discount in income on a current basis as it accrues over the remaining term of the note (on either a ratable or constant-yield
method). Once made, this election applies to all market discount obligations acquired by such U.S. holder on or after the first
taxable year to which the election applies and may not be revoked without the consent of the IRS. If a U.S. holder makes such an
election, the rules described above which treat gain realized on a note as ordinary income to the extent of accrued market discount
and require deferral of certain interest deductions will not apply. The market discount rules are complex and U.S. holders should
consult their own tax advisors regarding the application of these rules to their investment in the notes and the election to include
market discount in income on a current basis, including with respect to the application of the market discount rules following
a conversion of notes into shares of Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Generally, upon conversion of a note acquired
at a market discount into shares of Common Stock, any market discount not previously included in income (including as a result
of the conversion) will carry over to the Common Stock received in exchange for the note. Any such market discount that is carried
over to shares of Common Stock received upon conversion will be taxable as ordinary income upon the sale or other disposition of
such shares of Common Stock (including a deemed sale or disposition of a fractional share of Common Stock pursuant to a conversion).
U.S. holders holding notes acquired with a market discount should consult their own tax advisors as to the particular tax consequences
to them of conversion of a note for cash and Common Stock.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If a U.S. holder acquires a note for an
amount that is greater than the sum of all amounts payable on the note after the acquisition date other than payments of stated
interest (generally, the note&rsquo;s principal amount), such U.S. holder generally will be considered to have acquired the note
with &ldquo;amortizable bond premium.&rdquo; For purposes of determining the amount of any amortizable bond premium on a note,
the purchase price for the note is reduced by the amount of the portion of the purchase price attributable to the note&rsquo;s
conversion feature. In general, the amortizable bond premium with respect to a note will be equal to the excess, if any, of (i)
the U.S. holder&rsquo;s adjusted tax basis in the note immediately after its acquisition reduced by an amount equal to the value
of the note&rsquo;s conversion feature over (ii) the note&rsquo;s principal amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A U.S. holder may elect to amortize such
premium over the remaining term of the note using a constant yield method. A U.S. holder generally may use the amortizable bond
premium allocable to an accrual period to offset stated interest otherwise required to be included in income with respect to the
note in that accrual period under the U.S. holder&rsquo;s regular method of accounting for U.S. federal income tax purposes. Once
made, an election to amortize bond premium applies to all debt obligations held as of the beginning of the taxable year to which
such election applies or subsequently acquired by such U.S. holder and may not be revoked without the consent of the IRS.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Sale, Exchange, or Other Taxable Disposition
of Notes</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as provided below under &ldquo;&mdash;Conversion
of Notes,&rdquo; a U.S. holder will generally recognize gain or loss upon the sale, exchange, or other taxable disposition of a
note, equal to the difference between the amount realized upon the sale, exchange, or other taxable disposition (less an amount
equal to any accrued but unpaid interest, which will be taxable as interest income as discussed above to the extent not previously
included in income by the U.S. holder) and the U.S. holder&rsquo;s adjusted U.S. federal income tax basis in the note. A U.S. holder&rsquo;s
adjusted tax basis in a note will generally be its cost for that note. Any such gain or loss will generally be capital gain or
loss. Capital gains of non-corporate U.S. holders (including individuals) derived in respect of capital assets held for more than
one year currently are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations under
the Code.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A U.S. holder will generally not recognize
any gain or loss upon conversion of a note solely for Common Stock, except to the extent of cash received in lieu of a fractional
share (which will be treated as if such fractional share had been received and then sold in a sale treated as described above under
&ldquo;&mdash;Sale, Exchange, or Other Taxable Disposition of Notes&rdquo;) and except to the extent of the fair market value of
Common Stock received with respect to accrued interest (which will be taxable as described above under &ldquo;&mdash;Payments of
Interest&rdquo; to the extent not previously included in income).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As described under the heading &ldquo;Description
of Notes&mdash;Interest Make-Whole Payment,&rdquo; it is possible a U.S. holder might receive additional amounts in connection
with a conversion of a note, which could be payable in the form of cash or shares. If such additional amounts were paid in the
form of cash, then a U.S. holder could receive a combination of cash and shares of Common Stock upon such conversion. A U.S. holder
who receives a combination of cash and Common Stock in exchange for 2025 Notes upon conversion will recognize gain, but not loss,
in an amount equal to the excess of the fair market value of the Common Stock and cash received (other than amounts attributable
to accrued interest, which will be taxable as described above under &ldquo;&mdash;Payments of Interest&rdquo; to the extent not
previously included in income) over the U.S. holder&rsquo;s tax basis in the note, but such gain will only be recognized to the
extent of such cash received (excluding cash attributable to accrued interest or received in lieu of a fractional share). The tax
consequences of the conversion of a note into a combination of cash and shares are not entirely clear, and treatment of such a
conversion different from what is described above is possible. For example, the conversion of a note into cash and Common Stock
may instead be treated for U.S. federal income tax purposes as in part a conversion into stock and in part a payment in redemption
of a portion of the note. U.S. holders should consult their tax advisors regarding the tax treatment of the receipt of cash and
stock in exchange for 2025 Notes upon conversion or repurchase, including any alternative treatments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A U.S. holder&rsquo;s tax basis in shares
of Common Stock received upon a conversion (including any fractional share deemed to be received by the U.S. holder, but excluding
Common Stock attributable to accrued interest, the tax basis of which will equal its fair market value) will equal the tax basis
in the note that was converted, reduced by the amount of any cash received (other than cash received in lieu of a fractional share
and cash attributable to accrued interest), and increased by the amount of gain, if any, recognized (other than with respect to
a fractional share).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A U.S. holder&rsquo;s holding period for
shares of Common Stock received in a conversion will include the period during which the U.S. holder held the 2025 Notes, except
that the holding period of any of Common Stock received with respect to accrued interest will commence on the day after the date
of receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The tax rules regarding the treatment of
amounts received as a result of the increase in the conversion rate for conversions in connection with a make-whole fundamental
change are unclear. Except to the extent attributable to accrued interest (as noted above), we do not intend to treat the balance
of any such amounts as additional interest. As a result, we strongly encourage you to consult with your tax advisor concerning
the potential tax treatment of such a payment.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The conversion rate of the 2025 Notes will
be adjusted in certain circumstances, including upon the payment of certain cash dividends. Under Section 305(c) of the Code, adjustments
(or failures to make adjustments) that have the effect of increasing a U.S. holder&rsquo;s proportionate interest in our assets
or earnings may in some circumstances result in a deemed distribution. Certain adjustments to the conversion rate made pursuant
to a bona fide reasonable adjustment formula that have the effect of preventing the dilution of the interest of the beneficial
owners of the 2025 Notes, however, will generally not be considered to result in a deemed distribution. Certain of the possible
conversion rate adjustments provided in the 2025 Notes (including, without limitation, upon the payments of cash dividends to holders
of Common Stock) will not qualify as being pursuant to a bona fide reasonable adjustment formula. If such adjustments are made,
a U.S. holder may be deemed to have received a distribution because of such adjustments, even though it has not received any cash
or property. In addition, a failure to adjust (or to adjust adequately) the conversion rate after an event that increases a U.S.
holder&rsquo;s proportionate interest could be treated as a deemed taxable dividend. Other increases in the conversion rate of
the 2025 Notes (including an adjustment to the conversion rate in connection with a make-whole fundamental change or the payment
of additional shares to holders who convert their 2025 Notes received as an interest-make-whole payment upon certain conversions)
may, depending on the circumstances, be a deemed distribution. Any deemed distribution would be taxable as a dividend, return of
capital, or capital gain in accordance with the earnings and profits rules under the Code (as described below under &ldquo;&mdash;Common
Stock&rdquo;). However, it is unclear whether a constructive dividend deemed paid to an individual U.S. holder would be eligible
for the lower applicable long-term capital gains rates or whether corporate U.S. holders would be entitled to claim the dividends-received
deduction with respect to any such constructive dividends.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Distributions, if any, made on Common Stock
generally will be included in a U.S. holder&rsquo;s income as ordinary dividend income to the extent of our current or accumulated
earnings and profits. However, for individual U.S. holders, such dividends currently are generally taxed at the lower applicable
long-term capital gains rates, provided certain holding period and other requirements are satisfied. Distributions in excess of
our current and accumulated earnings and profits will be treated as a return of capital to the extent of a U.S. holder&rsquo;s
tax basis in Common Stock and thereafter as capital gain from the sale or exchange of such Common Stock. For corporate U.S. holders,
dividends received may be eligible for the dividends-received deduction, subject to applicable limitations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon the sale or exchange or other taxable
disposition of Common Stock (including certain redemptions), a U.S. holder generally will recognize capital gain or loss equal
to the difference between (a) the amount of cash and the fair market value of any property received upon such taxable disposition
and (b) the U.S. holder&rsquo;s tax basis in Common Stock. Such capital gain or loss will be long-term capital gain or loss if
a U.S. holder&rsquo;s holding period in Common Stock is more than one year at the time of the taxable disposition. The deductibility
of capital losses is subject to certain limits under the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Net Investment Income Tax</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Certain U.S. holders who are individuals,
estates or trusts will be required to pay an additional 3.8% tax on, among other things, payments of interest and dividends on
and capital gains from the sale, exchange, redemption, retirement or other taxable disposition of 2025 Notes and shares of Common
Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Information Reporting and Backup Withholding</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Information reporting requirements generally
will apply to payments of interest on the 2025 Notes and dividends on Common Stock (including constructive distributions on the
2025 Notes treated as dividends), and to the proceeds of a sale or other disposition of the 2025 Notes or Common Stock, unless
a U.S. holder is an exempt recipient, such as a corporation. Backup withholding will apply to those payments if a U.S. holder fails
to provide its correct taxpayer identification number and comply with certain certification procedures or otherwise establish an
exemption from backup withholding. Any amounts withheld under the backup withholding rules will be allowed as a refund or a credit
against U.S. federal income tax liability, provided the required information is timely furnished to IRS.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Non-U.S. Holders</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of this discussion, a &ldquo;non-U.S.
holder&rdquo; is a beneficial owner (other than a partnership) of a note or share of Common Stock received upon conversion of a
note that is not a U.S. holder as defined above.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under the &ldquo;portfolio interest exemption&rdquo;
rules, interest paid to a non-U.S. holder will not be subject to U.S. federal income or withholding tax, subject to certain exceptions
discussed below, provided that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such holder does not actually (or constructively) own 10% or more of the total combined voting power of all of our stock entitled
to vote;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such holder is not a &ldquo;controlled foreign corporation&rdquo; with respect to which we are a &ldquo;related person&rdquo;
within the meaning of the Code;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such holder is not a bank receiving interest on a loan entered into in the ordinary course of its trade or business;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such interest is not effectively connected with the conduct by the non-U.S. holder of a trade or business within the U.S.,
subject to the provisions of an applicable income tax treaty; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>we, or our paying agent, receive appropriate documentation (generally an IRS Form W-8BEN or W-8BEN-E) establishing that the
non-U.S. holder is not a U.S. person.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to the discussion in the following
paragraph, a non-U.S. holder that does not qualify for exemption from withholding under the preceding paragraph generally will
be subject to withholding of U.S. federal income tax at a 30% rate (or a reduced treaty rate) on payments of interest on the 2025
Notes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If interest on the 2025 Notes is effectively
connected with the conduct by a non-U.S. holder of a trade or business within the U.S., subject to the provisions of an applicable
income tax treaty, such interest will be subject to U.S. federal income tax on a net income basis at the rate applicable to U.S.
persons generally (and, with respect to corporate holders, may also be subject to a branch profits tax at 30% or a reduced treaty
rate). If interest is subject to U.S. federal income tax on a net income basis in accordance with these rules, such payments will
not be subject to U.S. withholding tax so long as the non-U.S. holder provides us or our paying agent with the appropriate documentation
(generally an IRS Form W-8ECI).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We may be required to make additional payments
to holders of the 2025 Notes under the circumstances described under the headings &ldquo;<A HREF="#a10">Description of Notes</A>&mdash;Events of Default&rdquo;
and &ldquo;<A HREF="#a10">Description of Notes</A>&mdash;Interest Make-Whole Payment.&rdquo; For a discussion of the impact of additional payments
on the 2025 Notes, see the discussion under &ldquo;U.S. Holders&mdash;Additional Interest.&rdquo; It is possible that certain of
such payments might be subject to U.S. federal withholding tax at a rate of 30% or lower treaty rate, if applicable. We will determine
if any withholding is required if and when any such amounts become payable. Non-U.S. holders should consult their own tax advisors
as to the tax considerations that relate to the potential additional interest payments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Conversion of the Notes</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon conversion of a note for Common Stock,
a non-U.S. holder generally will not recognize any income, gain or loss on the conversion, except with respect to any cash received
in lieu of a fractional share of Common Stock (which will be treated as if such fractional share had been received and then sold
and the sale will be treated as described under &ldquo;&mdash;Sale, Exchange, Conversion or Other Disposition of Notes or Shares
of Common Stock&rdquo; below) and with respect to any Common Stock received attributable to accrued interest (which will be treated
as described under &ldquo;&mdash;Payments of Interest&rdquo; above). As described under the heading &ldquo;<A HREF="#a10">Description of Notes</A>&mdash;Interest
Make-Whole Payment,&rdquo; it is possible a holder might receive additional amounts in connection with a conversion of a note,
which could be payable in the form of cash or shares. If such additional amounts were paid in the form of cash, then such holder
could receive a combination of cash and shares of Common Stock upon such conversion. The U.S. federal income tax treatment of the
conversion of the 2025 Notes into a combination of Common Stock and cash is not entirely certain. You should consult your tax advisors
with respect to the U.S. federal income tax consequences resulting from the conversion of 2025 Notes into a combination of cash
and Common Stock.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to certain exceptions discussed
below, any dividends paid to a non-U.S. holder with respect to shares of Common Stock (including any deemed dividends described
above under &ldquo;&mdash;U.S. Holders&mdash;Constructive Distribution&rdquo;) will be subject to withholding tax at a 30% rate
(or lower applicable treaty rate). Because any constructive dividend a non-U.S. holder is deemed to receive would not give rise
to any cash from which any applicable withholding tax could be satisfied, it is possible that this tax would be withheld from any
amount owed to the non-U.S. holder, including, but not limited to, interest payments, cash or shares of Common Stock otherwise
due on conversion, dividends, or sales proceeds subsequently paid or credited to the non-U.S. holder. In order to obtain a reduced
rate of withholding under an applicable treaty, a non-U.S. holder will be required to provide an IRS Form W-8BEN or IRS Form W-8BEN-E
certifying its entitlement to benefits under such treaty.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The withholding tax does not apply to dividends
paid to a non-U.S. holder who provides a Form W-8ECI, certifying that the dividends are effectively connected with the non-U.S.
holder&rsquo;s conduct of a trade or business within the U.S. and, where a tax treaty applies, are attributable to a U.S. permanent
establishment. Instead, the effectively connected dividends will be subject to U.S. federal income tax on a net income basis at
the rate applicable to U.S. persons generally (and with respect to corporate holders, may also be subject to a branch profits tax
at 30% or a reduced treaty rate).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Sale, Exchange, Conversion, or Other
Disposition of Notes or Shares of Common Stock</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Subject to certain exceptions discussed
below, any gain realized by a non-U.S. holder on the sale, exchange, conversion, or other disposition of a note or shares of Common
Stock generally will not be subject to U.S. federal income tax unless:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such gain is effectively connected with the conduct by such non-U.S. holder of a trade or business within the U.S., subject
to the provisions of an applicable income tax treaty;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>such non-U.S. holder is an individual present in the U.S. for 183 days or more in the taxable year of such sale, exchange,
retirement, conversion, or other disposition and certain other conditions are met; or</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>in the case of Common Stock, we are or have been a &ldquo;United States real property holding corporation&rdquo; for U.S. federal
income tax purposes during the shorter of the non-U.S. holder&rsquo;s holding period and the five- year period ending on the date
of such sale, exchange, conversion or other disposition.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except to the extent that an applicable
income tax treaty provides otherwise, a non-U.S. holder described in the first bullet point above will be subject to U.S. federal
income tax on a net income basis at the rate applicable to U.S. persons generally (and, with respect to corporate holders, may
also be subject to a branch profits tax at 30% or a reduced treaty rate).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A non-U.S. holder described in the second
bullet point above will generally be subject to a flat 30% tax on the gain derived from the disposition of the 2025 Notes or Common
Stock, which may be offset by certain U.S. source capital losses, even though such holder is not considered a resident of the U.S.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We believe that we are not, and do not
anticipate becoming, a &ldquo;United States real property holding corporation&rdquo; for U.S. federal income tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any stock that a non-U.S. holder receives
on the sale, exchange, conversion or other disposition of a note that is attributable to accrued interest will not be treated as
described above, but will instead generally be subject to U.S. federal income tax in accordance with the rules for taxation of
interest described above under &ldquo;&mdash;Payments of Interest.&rdquo;</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Information Reporting and Backup Withholding</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The amount of interest and dividends paid
(including dividends deemed paid) and the amount of tax, if any, withheld with respect to those payments will be reported to a
non-U.S. holder and the IRS. Copies of the information returns reporting such interest and dividend payments and any withholding
may also be made available to the tax authorities in the country in which a non-U.S. holder resides, under the provisions of an
applicable income tax treaty.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless a non-U.S. holder complies with
certification procedures to establish that it is not a U.S. person, information returns may be filed with the IRS in connection
with the proceeds from a sale or other disposition of the 2025 Notes or Common Stock, and the non-U.S. holder may be subject to
backup withholding on payments on the 2025 Notes or Common Stock or on the proceeds from a sale or other disposition of the 2025
Notes or Common Stock. The certification procedures required to claim the exemption from withholding tax on interest described
above will satisfy the certification requirements necessary to avoid backup withholding as well. Any amounts withheld under the
backup withholding rules will be allowed as a refund or a credit against a non- U.S. holder&rsquo;s</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. federal income tax liability, provided the required information
is timely furnished to the IRS.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Withholding on Foreign Accounts</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Legislation known as the Foreign Account
Tax Compliance Act and guidance issued thereunder (&ldquo;FATCA&rdquo;), imposes withholding taxes on certain types of payments
made to &ldquo;foreign financial institutions&rdquo; and certain other non-U.S. entities (including financial intermediaries).
FATCA imposes a 30% withholding tax on certain payments of interest, dividends, or gross proceeds from the sale or other disposition
of Common Stock or 2025 Notes paid to a foreign financial institution or to certain non-financial foreign entities unless certain
certification, information reporting and other specified requirements are met or an exemption applies. FATCA withholding is currently
in effect with respect to payments of interest on the 2025 Notes and payments of dividends on Common Stock. Prospective investors
should consult their tax advisors regarding FATCA. Recently proposed Treasury Regulations eliminate FATCA withholding on payments
of gross proceeds from the sale or other disposition of stock or 2025 Notes; taxpayers generally may rely on these proposed Treasury
Regulations until final Treasury Regulations are issued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a13"></A>LEGAL MATTERS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The validity of the securities being offered
by this prospectus will be passed upon by Kurt Scheuerman, Esq., Senior Vice President and General Counsel, Inseego Corp.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a14"></A>EXPERTS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The consolidated financial statements of
Inseego Corp. appearing in Inseego Corp.&rsquo;s Annual Reports on Form 10-K for the years ended December 31, 2019 and 2018 and
Inseego Corp.&rsquo;s internal control over financial reporting as of December 31, 2019, have been audited by Marcum LLP, independent
registered public accounting firm, as set forth in their reports thereon, included therein, and incorporated herein by reference.
Such financial statements are incorporated herein in reliance upon the reports of Marcum LLP pertaining to such financial statements
and our internal control over financial reporting as of the respective dates given on the authority of such firm as experts in
accounting and auditing.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a15"></A><B>WHERE YOU CAN FIND ADDITIONAL INFORMATION</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We file annual, quarterly and special reports,
proxy statements and other information with the Commission. The Commission maintains an Internet website at <I>http://www.sec.gov</I>
that contains reports, proxy and information statements, and other information regarding issuers that file electronically with
the Commission, including Inseego Corp. You may also access our reports and proxy statements free of charge at our Internet website,
<I>http://investor.inseego.com</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This prospectus is part of a registration
statement that we have filed with the Commission relating to the securities to be offered. This prospectus does not contain all
of the information we have included in the registration statement and the accompanying exhibits and schedules in accordance with
the rules and regulations of the Commission, and we refer you to the omitted information. The statements this prospectus makes
pertaining to the content of any contract, agreement or other document that is an exhibit to the registration statement necessarily
are summaries of their material provisions and do not describe all exceptions and qualifications contained in those contracts,
agreements or documents. You should read those contracts, agreements or documents for information that may be important to you.
The registration statement, exhibits and schedules are available at the Commission&rsquo;s Internet website.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a16"></A><B>INCORPORATION OF CERTAIN INFORMATION
BY REFERENCE</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The rules of the Commission allow us to
incorporate by reference in this prospectus the information in other documents that we file with it, which means that we can disclose
important information to you by referring you to those documents that we have filed separately with the Commission. You should
read the information incorporated by reference because it is an important part of this prospectus. We hereby incorporate by reference
the following information or documents into this prospectus:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">our <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000102265220000007/insg20191231form10k.htm" STYLE="-sec-extract: exhibit">Annual Report on Form 10-K for the year ended December&nbsp;31, 2019</A> filed with the Commission on March&nbsp; 16, 2020, and the amendment thereto filed with the Commission on Form 10-K/A on April&nbsp;29, 2020;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">our <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000162828020007042/insg20200331form10q.htm" STYLE="-sec-extract: exhibit">Quarterly Report on Form 10-Q for the quarter ended March 31, 2020</A> filed with the Commission on May 7, 2020;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">our Current Reports on Form 8-K filed with the Commission on <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520009176/d851710d8k.htm" STYLE="-sec-extract: exhibit">January&nbsp;17,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520010452/d856672d8k.htm" STYLE="-sec-extract: exhibit">January&nbsp;21,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520015942/d872803d8k.htm" STYLE="-sec-extract: exhibit">January&nbsp;28,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520017555/d880607d8k.htm" STYLE="-sec-extract: exhibit">January&nbsp;29,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520048999/d834447d8k.htm" STYLE="-sec-extract: exhibit">February&nbsp;26,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520066438/d842536d8k.htm" STYLE="-sec-extract: exhibit">March&nbsp;9,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520067668/d824727d8k.htm" STYLE="-sec-extract: exhibit">March&nbsp;10,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520069689/d903208d8k.htm" STYLE="-sec-extract: exhibit">March&nbsp;11,
    2020</A> (other than information furnished under Item 2.02 and exhibits related to such items), <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000168316820001122/inseego_8k.htm" STYLE="-sec-extract: exhibit">April&nbsp;6,
    2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520140582/d915288d8k.htm" STYLE="-sec-extract: exhibit">May
    12, 2020</A>, and <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000168316820001887/inseego_8k.htm" STYLE="-sec-extract: exhibit">June 5, 2020</A>; and</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 0.5in">&bull;</TD>
    <TD STYLE="vertical-align: top">the description of our Common Stock contained in the registration statement on <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000095015000000787/a65915e8-a12g.txt" STYLE="-sec-extract: exhibit">Form 8-A</A> filed with the Commission on September 29, 2000, including any amendments or reports filed for the purpose of updating such description, as amended by the current report on <A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312516763609/d261554d8k12g3.htm" STYLE="-sec-extract: exhibit">Form 8-K12G3</A>, dated November 9, 2016.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any information in any of the foregoing
documents will automatically be deemed to be modified or superseded to the extent that information in this prospectus or in a later
filed document that is incorporated or deemed to be incorporated herein by reference modifies or replaces such information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We also incorporate by reference any future
filings (other than current reports furnished under Item&nbsp;2.02 or Item&nbsp;7.01 of Form&nbsp;8-K and exhibits filed on such
form that are related to such items) made with the Commission pursuant to Sections&nbsp;13(a), 13(c), 14 or&nbsp;15(d)&nbsp;of
the Exchange Act, until we file a post-effective amendment which indicates that all securities offered hereby have been sold or
which deregisters all securities then remaining unsold. Information in such future filings updates and supplements the information
provided in this prospectus. Any statements in any such future filings will automatically be deemed to modify and supersede any
information in any document we previously filed with the Commission that is incorporated or deemed to be incorporated herein by
reference to the extent that statements in the later filed document modify or replace such earlier statements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon written or oral request, we will provide
to each person, including any beneficial owner, without charge, a copy of any or all of the documents that are incorporated by
reference into this prospectus but not delivered with the prospectus, including exhibits which are specifically incorporated by
reference into such documents. Requests should be directed to: Inseego Corp., Attention: Shareholder Services, 9710 Scranton Road,
Suite 200, San Diego, CA 92121, telephone (858) 812-3400.</P>

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<IMG SRC="image_001.jpg" ALT=""></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$80,000,000</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>3.25% Convertible Senior Notes due 2025</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and Shares of Common Stock Issuable Upon
Conversion of the Notes</B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>July 2, 2020</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item&nbsp;14. Other Expenses of Issuance and Distribution.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table sets forth the estimated
costs and expenses payable by us in connection with the offering of the securities being registered. All the amounts shown are
estimates, except for the registration fee.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="width: 65%; font-size: 10pt; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Registration Fee</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 11%; font-size: 10pt; text-align: right">10,500</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Legal Fees and Expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">100,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -8.8pt; padding-left: 8.8pt">Accounting Fees and Expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">5,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-indent: -8.8pt; padding-left: 8.8pt">Miscellaneous</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(238,238,238)">
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt; text-indent: -8.8pt; padding-left: 8.8pt">Total</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">116,500</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition to the above, the selling securityholders
will pay all underwriting discounts and selling commissions, if any, in connection with the sale of the shares of Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item&nbsp;15. Indemnification of Directors and Officers.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section&nbsp;145(a) of the DGCL provides
that a Delaware corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action
by or in the right of the corporation) by reason of the fact that such person is or was a director, officer, employee or agent
of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another
corporation or enterprise, against expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action, suit or proceeding if he or she acted in good faith
and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section&nbsp;145(b) of the DGCL provides
that a Delaware corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact
that such person acted in any of the capacities set forth above, against expenses (including attorneys&rsquo; fees) actually and
reasonably incurred by such person in connection with the defense or settlement of such action or suit if he or she acted under
similar standards, except that no indemnification may be made in respect of any claim, issue or matter as to which such person
shall have been adjudged to be liable to the corporation unless and only to the extent that the court in which such action or suit
was brought shall determine that, despite the adjudication of liability but in view of all the circumstances of the case, such
person is fairly and reasonably entitled to be indemnified for such expenses which the court shall deem proper.</P>

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section&nbsp;145 of the DGCL further provides
that: (i)&nbsp;to the extent that a present or former or director or officer of a corporation has been successful on the merits
or otherwise in the defense of any action, suit or proceeding referred to in subsections (a)&nbsp;and (b) or in the defense of
any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys&rsquo; fees) actually
and reasonably incurred by him or her in connection therewith; (ii)&nbsp;indemnification provided for by Section&nbsp;145 shall
not be deemed exclusive of any other rights to which the indemnified party may be entitled; and (iii)&nbsp;the corporation may
purchase and maintain insurance on behalf of any present or former director, officer, employee or agent of the corporation or any
person who at the request of the corporation was serving in such capacity for another entity against any liability asserted against
such person and incurred by him or her in any such capacity or arising out of his or her status as such, whether or not the corporation
would have the power to indemnify him or her against such liabilities under Section&nbsp;145.</P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Certificate of Incorporation provides
that, to the fullest extent permitted by the DGCL, our directors shall not be personally liable to the Company or its stockholders
for monetary damages for breach of the directors&rsquo; fiduciary duties. This provision in our Certificate of Incorporation does
not eliminate the duty of care, and in appropriate circumstances equitable remedies such as injunctive or other forms of non-monetary
relief will remain available under Delaware law. In addition, each director will continue to be subject to liability for breach
of the director&rsquo;s duty of loyalty, for acts or omissions not in good faith or involving intentional misconduct or knowing
violations of the law, for actions leading to improper personal benefit to the director, and for payment of dividends or approval
of stock repurchases or redemptions that are unlawful under Delaware law. The provision also does not affect a director&rsquo;s
responsibilities under any other law, such as the federal securities laws or state or federal environmental laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Article 6 of our Bylaws provides that we
will indemnify, to the maximum extent and in the manner permitted by the DGCL, each person who was or is made a party or is threatened
to be made a party to or is involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative,
by reason of the fact that he or she is or was a director or officer of the Company, whether the basis of such proceeding is alleged
action in an official capacity as a director or officer or in any other capacity while serving as a director or officer, against
all expenses, liability and loss reasonably incurred or suffered by such person in connection therewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition to the above, we have entered
into indemnification agreements with each of our directors and executive officers (each, an &ldquo;Indemnitee&rdquo;). In general,
the indemnification agreements provide that, subject to certain limitations, the Company will indemnify and hold harmless each
Indemnitee against all expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by
such Indemnitee or on such Indemnitee&rsquo;s behalf, in connection with certain pending, completed or threatened proceedings,
as defined in the indemnification agreements, if the Indemnitee acted in good faith and reasonably in the best interests of the
Company and, with respect to any criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful.
We also have directors&rsquo; and officers&rsquo; liability insurance, which provides coverage against certain liabilities that
may be incurred by our directors and officers in their capacities as directors and officers of the Company.</P>

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item&nbsp;16. Exhibits.</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Incorporated by Reference</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.75pt solid"><B>Number</B></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit
    Description</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Form</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Filing Date</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Number</B></P></TD></TR>
<TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">3.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312516763609/d261554dex31.htm" STYLE="-sec-extract: exhibit">Amended and Restated Certificate of Incorporation.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">November&nbsp;9,&nbsp;2016</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">3.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">3.2</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312518015371/d525985dex31.htm" STYLE="-sec-extract: exhibit">Certificate of Designation of Series D Junior Participating Preferred Stock of Inseego Corp.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">January&nbsp;22, 2018</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">3.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">3.3</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312519219943/d792529dex31.htm" STYLE="-sec-extract: exhibit">Certificate of Designation of Series E Fixed-Rate Cumulative Perpetual Preferred Stock of Inseego Corp.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">August 13, 2019</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">3.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">3.4</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520067668/d824727dex31.htm" STYLE="-sec-extract: exhibit">Certificate of Amendment to Certificate of Designation of Series E Fixed-Rate Cumulative Perpetual Preferred Stock</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">March 10, 2020</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">3.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">3.5</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312516763609/d261554dex32.htm" STYLE="-sec-extract: exhibit">Amended and Restated Bylaws.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">November&nbsp;9, 2016</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">3.2</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312516763609/d261554dex41.htm" STYLE="-sec-extract: exhibit">Form of Inseego Corp. Common Stock Certificate.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">November&nbsp;9, 2016</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">4.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.2</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312518015371/d525985dex41.htm" STYLE="-sec-extract: exhibit">Rights Agreement, dated January 22, 2018, by and between Inseego Corp. and Computershare Trust Company, N.A., as Rights Agent.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8-K</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">January&nbsp;22, 2018</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">4.1</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.3</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312518240301/d590620dex45.htm" STYLE="-sec-extract: exhibit">Amendment No.&nbsp;1 to Rights Agreement, dated August&nbsp;6, 2018, by and between Inseego Corp. and Computershare Trust Company, N.A., as Rights Agent.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">August&nbsp;7, 2018</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">4.5</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.4</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000102265218000092/insg20181204exhibit41right.htm" STYLE="-sec-extract: exhibit">Amendment No.&nbsp;2 to Rights Agreement, dated December 4, 2018, by and between Inseego Corp. and Computershare Trust Company, N.A., as Rights Agent.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">December&nbsp;10,&nbsp;2018</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">4.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.5</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520140582/d915288dex41.htm" STYLE="-sec-extract: exhibit">Base Indenture, dated May&nbsp;12, 2020, between Inseego Corp. and Wilmington Trust, National Association, as trustee.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">May 12, 2020</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">4.1</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.6</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520140582/d915288dex42.htm" STYLE="-sec-extract: exhibit">First Supplemental Indenture, dated May&nbsp;12, 2020, between Inseego Corp. and Wilmington Trust, National Association, as trustee.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">May 12, 2020</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">4.2</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">4.7</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520140582/d915288dex11.htm" STYLE="-sec-extract: exhibit">Form of 3.25% convertible senior note due 2025 (included in Exhibit 1.1).</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8-K</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">May 12, 2020</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">4.3</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">5.1*</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="inseego_ex0501.htm">Opinion of Kurt Scheuerman, Esq.</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">23.1*</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="inseego_ex0501.htm">Consent of Kurt Scheuerman, Esq.</A> (included in Exhibit 5.1)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">23.2*</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="inseego_ex2302.htm">Consent of Independent Registered Public Accounting Firm (Marcum LLP).</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">24.1*</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="#a_21">Power of Attorney</A> (included on signature page).</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; text-align: center">25.1</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><A HREF="http://www.sec.gov/Archives/edgar/data/1022652/000119312520135692/d811446dex251.htm" STYLE="-sec-extract: exhibit">Form T-1 Statement of Eligibility of Trustee under the Senior Debt Indenture</A></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">S-3ASR</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">May 7, 2020</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">25.1</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>*</TD>
    <TD COLSPAN="9">Filed herewith.</TD></TR>
<TR>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 61%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item&nbsp;17. Undertakings.</B></P>

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

<P STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(1) To file, during any period in which
offers or sales are being made, a post-effective amendment to this registration statement:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.75in">(i) To include any prospectus required
by Section&nbsp;10(a)(3)&nbsp;of the Securities Act of&nbsp;1933;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.4pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.75in">(ii) To reflect in the prospectus
any facts or events arising after the effective date of the registration statement&nbsp;(or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total dollar value
of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;if, in the
aggregate, the changes in volume and price represent no more than&nbsp;20% change in the maximum aggregate offering price set forth
in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.4pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-indent: 0.75in">(iii) To include any material information
with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
information in the registration statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.4pt; text-indent: 22pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>provided, however</I>, that paragraphs&nbsp;(a)(1)(i), (a)(1)(ii)&nbsp;and
(a)(1)(iii)&nbsp;of this section do not apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of
the Securities Exchange Act of&nbsp;1934 that are incorporated by reference in the registration statement, or is contained in a
form of prospectus filed pursuant to Rule&nbsp;424(b)&nbsp;that is part of the registration statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(2) That, for the purpose of determining
any liability under the Securities Act of&nbsp;1933, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the
initial <I>bona fide</I> offering thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(3) To remove from registration by means
of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(5) That, for the purpose of determining
liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration
statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in
reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used
after effectiveness. <I>Provided, however</I>, that no statement made in a registration statement or prospectus that is part of
the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement
or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such
first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration
statement or made in any such document immediately prior to such date of first use.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes
of determining any liability under the Securities Act of&nbsp;1933, each filing of the registrant&rsquo;s annual report pursuant
to Section&nbsp;13(a)&nbsp;or&nbsp;15(d)&nbsp;of the Securities Exchange Act of&nbsp;1934 (and, where applicable, each filing of
an employee benefit plan&rsquo;s annual report pursuant to Section&nbsp;15(d)&nbsp;of the Securities Exchange Act of&nbsp;1934)
that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial <I>bona fide</I>
offering thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under
the Securities Act of&nbsp;1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.</P>

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_20"></A><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of&nbsp;1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form&nbsp;S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of San Diego, State of California, on July 2, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="4">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><B>INSEEGO CORP.</B></TD></TR>
<TR>
    <TD COLSPAN="4">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="4">&nbsp;</TD>
    <TD STYLE="vertical-align: top">By:</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">/s/ Stephen Smith</TD></TR>
<TR>
    <TD COLSPAN="4">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Stephen Smith</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Executive Vice President</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">and Chief Financial Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>(Principal Financial and Accounting Officer)</I></P></TD></TR>
<TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 38%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_21"></A>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">KNOW ALL PERSONS BY THESE PRESENTS, that
each person whose signature appears below constitutes and appoints Dan Mondor and Stephen Smith, and each or any one of them, his
true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration
statement and to sign any and all additional registration statements relating to the registration statement and filed pursuant
to Rule 462(b) of the Securities Act of 1933, as amended, and to file the same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each
of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, or any of them, or their or his substitutes or substitute, may lawfully do or cause to be done by
virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 32%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><B>NAME</B></P></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 47%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><B>TITLE</B></P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 18%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><B>DATE</B></P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">/s/
Dan Mondor</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dan Mondor</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Chief Executive Officer and <BR>
Chairman of the Board of Directors<BR>
<I>(Principal Executive Officer)</I></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">July 2, 2020</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">/s/
Stephen Smith</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Stephen Smith</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Chief Financial Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Principal&nbsp;Financial&nbsp;and&nbsp;Accounting&nbsp;Officer)</I></P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">July 2, 2020</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">/s/
James B. Avery</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">James B. Avery</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">July 2, 2020</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">/s/
Christopher Harland</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Christopher Harland</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">July 2, 2020</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">/s/
Brian Miller</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Brian Miller</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">July 2, 2020</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">/s/
Jeffrey Tuder</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Jeffrey Tuder</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">July 2, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>inseego_ex0501.htm
<DESCRIPTION>LEGAL OPINION
<TEXT>
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<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: right"><U>EXHIBIT 5.1</U></P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 50; width: 184">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">Kurt E. Scheuerman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">Senior Vice President &amp; General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">(858) 812-8098</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">kurt.scheuerman@inseego.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 2, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inseego Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9710 Scranton Road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">San Diego, CA 92121</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Re:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Registration Statement on Form S-3 </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt"><FONT STYLE="font-size: 10pt">I have acted
as counsel to Inseego Corp., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), in connection with the filing on
the date hereof with the Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) of a Registration Statement
on Form S-3 (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;<B><I>Act</I></B>&rdquo;),
including a base prospectus set forth therein (the &ldquo;<B><I>Base Prospectus</I></B>&rdquo;), relating to the </FONT>resale
under the Act by certain selling securityholders (the &ldquo;<B><I>Selling Securityholders</I></B>&rdquo;) of <FONT STYLE="font-size: 10pt">(i)&nbsp;$80,000,000
aggregate principal amount of the 3.25% convertible senior notes due 2025 (the &ldquo;<B><I>Debt Securities</I></B>&rdquo;) issued
pursuant to base indenture, the form of which is attached as Exhibit 4.5 to the Registration Statement, by and between the Company
and Wilmington Trust, National Association (the &ldquo;<B><I>Trustee</I></B>&rdquo;) (the &ldquo;<B><I>Base Indenture</I></B>&rdquo;),
and the first supplemental indenture to the Base Indenture, the form of which is attached as Exhibit 4.6 to the Registration Statement
(the &ldquo;<B><I>Supplemental Indenture</I></B>&rdquo; and together with the Base Indenture, the &ldquo;<B><I>Indentures</I></B>&rdquo;)
between the Company, as issuer, the Trustee, and (ii) shares of the Company&rsquo;s common stock, par value $0.001 per share, including
related rights to purchase Series D Preferred Stock, issuable upon conversion of the Debt Securities (the &ldquo;<B><I>Common Stock</I></B>&rdquo;).
The Debt Securities and Common Stock are collectively referred to herein as the &ldquo;<B><I>Securities</I></B>.&rdquo; The Securities
are being registered for offering and sale from time to time on a delayed or continuous basis pursuant to Rule 415 under the Act.
The Registration Statement provides that the Securities may be offered from time to time in amounts, at prices and on terms to
be set forth in one or more supplements to the Base Prospectus (each, a &ldquo;<B><I>Prospectus Supplement</I></B>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">This opinion letter is being furnished
in connection with the requirements of Item&nbsp;601(b)(5)&nbsp;of Regulation&nbsp;S-K under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">As such counsel and for purposes of my
opinions set forth herein, I have examined and relied upon originals or copies, certified or otherwise identified to my satisfaction,
of such documents, resolutions, certificates and other instruments of the Company and corporate records furnished to us by the
Company, including, without limitation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; font-size: 10pt"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-size: 10pt">the Registration Statement; </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">the Base Prospectus; </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<IMG SRC="image_002.jpg" ALT="" STYLE="height: 80; width: 597"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white">inseego.com</P>



</TD>
    </TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 50; width: 184"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inseego Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 2, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">the Company&rsquo;s Amended and Restated Certificate of Incorporation filed with the Secretary of State of the State of Delaware, as amended from time to time (the &ldquo;<B><I>Certificate of Incorporation</I></B>&rdquo;); </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">the Company&rsquo;s Amended and Restated Bylaws (the &ldquo;<B><I>Bylaws</I></B>&rdquo;); </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(v)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">the Base Indenture; </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(vi)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">the Supplemental Indenture; </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(vii)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">the resolutions adopted by unanimous written consent of the Board of Directors of the Company on April&nbsp;28, 2020; and </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%"><FONT STYLE="font-size: 10pt">(viii)</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">a certificate of the Secretary of State of the State of Delaware as to the formation and good standing of the Company under the laws of the State of Delaware as of July 1, 2020 (the &ldquo;<B><I>Good Standing Certificate</I></B>&rdquo;). </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">In addition to the foregoing, I have reviewed
certificates of public officials, statutes, records and such other instruments and documents and have made such investigations
of law as I have deemed necessary or appropriate as a basis for the opinions set forth in this opinion letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">In such examination and in rendering the
opinions expressed below, I have assumed, without independent investigation or verification: (i)&nbsp;the genuineness of all signatures
on all agreements, instruments, corporate records, certificates and other documents submitted to us; (ii)&nbsp;the legal capacity,
competency and authority of all persons or entities executing all agreements, instruments, corporate records, certificates and
other documents submitted to us; (iii)&nbsp;the authenticity and completeness of all agreements, instruments, corporate records,
certificates and other documents submitted to me as originals; (iv)&nbsp;that all agreements, instruments, corporate records, certificates
and other documents submitted to me as certified, electronic, facsimile, conformed, photostatic or other copies conform to the
originals thereof, and that such originals are authentic and complete; (v)&nbsp;the due authorization, execution and delivery of
all agreements, instruments, corporate records, certificates and other documents by all parties thereto; (vi)&nbsp;that no documents
submitted to me have been amended or terminated orally or in writing, except as has been disclosed to me in writing; (vii)&nbsp;that
the statements contained in the certificates and comparable documents of public officials, officers and representatives of the
Company and other persons on which I have relied for the purposes of this opinion letter are true and correct on and as of the
date hereof; (viii)&nbsp;that there has not been nor will there be any change in the good standing status of the Company from that
reported in the Good Standing Certificate; and (ix)&nbsp;that each of the officers and directors of the Company has properly exercised
his or her fiduciary duties. As to all questions of fact material to this opinion letter and as to the materiality of any fact
or other matter referred to herein, I have relied (without independent investigation or verification) upon representations and
certificates or comparable documents of officers and representatives of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white">inseego.com</P>



</TD>
    </TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 50; width: 184">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inseego Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 2, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">With your consent, I have assumed that
(i)&nbsp;each of the Debt Securities, the Indentures and any related supplemental indenture, term sheet or certificate establishing
the terms thereof, and any purchase, underwriting, sales agreement or similar agreement (collectively, the &ldquo;<B><I>Documents</I></B>&rdquo;)
will be governed by the internal laws of the State of New York and that the choice of law is legally enforceable, (ii)&nbsp;the
Documents (other than the Indentures) will contain all provisions required under the laws of the State of Delaware in respect of
contracts for the sale of securities issued by a Delaware corporation, (iii)&nbsp;each of the Documents will be duly authorized,
executed and delivered by the parties thereto, and (iv)&nbsp;each of the Documents will constitute valid and binding obligations
of the parties thereto, enforceable against such parties in accordance with their respective terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">I also have assumed that none of (i)&nbsp;the
execution, delivery or performance of any of the Documents, (ii)&nbsp;the terms of any of the Securities to be established after
the date hereof, (iii)&nbsp;the issuance or delivery of such Securities, or (iv)&nbsp;the compliance by the Company with the terms
of such Securities will (a)&nbsp;violate any applicable law, rule or regulation to which the Company is then subject or the Certificate
of Incorporation, or the Bylaws, as amended, then in effect, (b)&nbsp;result in a breach of or default under any instrument or
agreement then binding upon the Company or any of its properties, or (c)&nbsp;violate, or cause the Company not to comply with,
any consent, approval, license, authorization, restriction or requirement imposed by, or any filing, recording or registration
with, any court or governmental body having jurisdiction over the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">I have further assumed that (i)&nbsp;the
Registration Statement and any amendments thereto will be effective under the Act (and such effectiveness shall not have been terminated
or rescinded) and comply with all applicable laws at the time the Securities are offered and issued as contemplated by the Registration
Statement, the Base Prospectus and any Prospectus Supplement, as applicable; (ii)&nbsp;an appropriate Prospectus Supplement relating
to the Securities offered thereby will have been prepared and filed with the Commission in compliance with the Act and will comply
with all applicable laws at the time the Securities are offered and issued as contemplated by the Registration Statement, the Base
Prospectus and such Prospectus Supplement; (iii)&nbsp;the terms of the Securities will conform to the descriptions thereof in the
Registration Statement, the Base Prospectus and any Prospectus Supplement, as applicable, and the corporate action of the Company
authorizing the issuance and sale of such Securities; (iv)&nbsp;all Securities will be issued and sold in compliance with the applicable
provisions of the Act, the Trust Indenture Act of 1939, if applicable, and the securities or blue sky laws of various states and
in the manner stated in the Registration Statement, the Base Prospectus and any Prospectus Supplement, as applicable; (v)&nbsp;the
Indentures, any supplemental indentures and the Trustee will have been qualified pursuant to the Trust Indenture Act of 1939 at
the time the Securities are offered or issued (or such later time as may be permitted pursuant to the rules, regulations, interpretations
or positions of the Commission) as contemplated by the Registration Statement; and (vi)&nbsp;the number of shares of Common Stock
offered pursuant to the Registration Statement, the Base Prospectus and any Prospectus Supplement, as applicable, or, in the case
of Debt Securities, issuable upon conversion of such Securities, does not exceed, at the time of issuance of such Securities, the
authorized but unissued shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">Based upon the foregoing, and in reliance
thereon, and subject to the assumptions, limitations, qualifications and exceptions set forth herein, it is my opinion that, as
of the date hereof:.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</TD>
    </TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<IMG SRC="image_001.jpg" ALT="" STYLE="height: 50; width: 184"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inseego Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 2, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 4</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">1. With respect to any series of Debt Securities
to be offered and sold by Selling Securityholders pursuant to the Registration Statement, when (a)&nbsp;the applicable Indentures
and any supplemental indentures have been duly authorized, executed and delivered by the Company and the Trustee and has been qualified
under the Trust Indenture Act of 1939, as amended, (b)&nbsp;the specific terms of a particular series of Debt Securities have been
duly established in accordance with such Indentures and applicable law, (c)&nbsp;such Debt Securities have been duly authorized
by all necessary corporate action of the Company, duly authenticated by the Trustee and duly executed, issued and delivered against
payment of the consideration therefor in accordance with such Indenture and any applicable purchase, underwriting, sales or similar
agreement and as contemplated by the Registration Statement, Base Prospectus, any applicable Prospectus Supplement, any applicable
Documents and such corporate action, and (d)&nbsp;if such Debt Securities are convertible into shares of Common Stock, such shares
of Common Stock have been duly authorized and reserved for issuance by all necessary corporate action of the Company and in accordance
with the applicable Indenture, such Debt Securities will constitute binding obligations of the Company, enforceable against the
Company in accordance with their terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">2. With respect to any shares of Common
Stock to be offered and sold by Selling Securityholders pursuant to the Registration Statement (including any shares of Common
Stock duly issued upon the exchange, exercise or conversion of Securities that are exchangeable or exercisable for, or convertible
into, Common Stock), when (a)&nbsp;the issuance of such shares of Common Stock has been duly authorized by all necessary corporate
action of the Company and (b)&nbsp;such shares of Common Stock have been duly issued and delivered against payment of the consideration
therefor (not less than the par value of the Common Stock) as contemplated by the Registration Statement, Base Prospectus, any
applicable Prospectus Supplement, any applicable Documents and such corporate action, such shares of Common Stock will be validly
issued, fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">The opinions expressed herein are subject
to the following exceptions, qualifications and limitations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">A. They are limited by the effect of (i)&nbsp;any
applicable bankruptcy, insolvency, reorganization, moratorium or similar law and principles affecting creditors&rsquo; rights generally,
including without limitation fraudulent transfer or fraudulent conveyance laws and (ii)&nbsp;general principles of equity (including,
without limitation, concepts of materiality, reasonableness, good faith and fair dealing) and the availability of equitable remedies
(including, without limitation, specific performance and equitable relief), regardless of whether considered in a proceeding in
equity or at law. In addition, I express no opinion as to the validity, binding effect or enforceability of any provision of the
Indentures relating to the separability of provisions of the Indentures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">B. With reference to, but without limiting
in any way, qualification (A)&nbsp;above: provisions regarding the recovery of attorneys&rsquo; fees for a person who is not the
prevailing party in a final proceeding, provisions imposing a payment obligation with respect to the Company&rsquo;s obligations
and provisions whereby a party purports to ratify acts in advance of the occurrence of such acts, are or may be unenforceable in
whole or in part under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<IMG SRC="image_001.jpg" ALT="" STYLE="height: 50; width: 184"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Inseego Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 2, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 5</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">C. No opinion is expressed herein with
respect to (i)&nbsp;the validity, binding effect or enforceability of any provision of the Securities that requires a person or
entity to cause another person or entity to take or refrain from taking action under circumstances in which such person or entity
does not control such other person or entity, (ii)&nbsp;the validity, binding effect or enforceability of any provision of the
Securities insofar as it purports to effect a choice of governing law or choice of forum for the adjudication of disputes, other
than (a)&nbsp;the enforceability by a New York State court under New York General Obligations Law Section&nbsp;5-1401 of the choice
of New York State law as the governing law of the Securities (subject, however, to the extent limited by the Constitution of the
United States and by Section&nbsp;1-301 of the New York Uniform Commercial Code), and (b)&nbsp;the enforceability by a New York
State court under New York General Obligations Law Section&nbsp;5-1402 of New York State courts as a non-exclusive forum for the
adjudication of disputes respect to the Securities, and (iii)&nbsp;the acceptance by a Federal court located in the State of New
York of jurisdiction in a dispute arising under the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">Without limiting any of the other limitations,
exceptions, assumptions and qualifications stated elsewhere herein, I express no opinion with regard to the applicability or effect
of the laws of any jurisdiction other than with respect to any shares of Common Stock, the General Corporation Law of the State
of Delaware and, with respect to the Debt Securities, the internal laws of the State of New York, in each case as in effect on
the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">This opinion letter deals only with the
specified legal issues expressly addressed herein, and you should not infer any opinion that is not explicitly stated herein from
any matter addressed in this opinion letter. This opinion letter is rendered solely in connection with the Registration Statement.
This opinion letter is rendered as of the date hereof, and I assume no obligation to advise you or any other person with regard
to any change after the date hereof in the circumstances or the law that may bear on the matters set forth herein even if the change
may affect the legal analysis or a legal conclusion or other matters in this opinion letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 55.1pt">I hereby consent to the filing of this
opinion letter as Exhibit 5.1 to the Registration Statement and to the reference to me under the heading &ldquo;Legal Matters&rdquo;
in the Base Prospectus included in the Registration Statement. In giving such consent, I do not hereby admit that I am within the
category of persons whose consent is required under Section&nbsp;7 of the Act or the rules or regulations of the Commission thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Kurt E. Scheuerman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Kurt E. Scheuerman</P>



<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"></P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="background-color: rgb(3,128,193); vertical-align: top; text-align: left">
    <TD STYLE="width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white">inseego.com</P>



</TD>
    </TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5; Options: Last -->
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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>inseego_ex2302.htm
<DESCRIPTION>CONSENT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="text-transform: uppercase"><U>Exhibit
23.2</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><U>Independent
Registered Public Accounting Firm&rsquo;s Consent</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We consent to the incorporation by reference
in this Registration Statement of Inseego Corp. on Form S-3 of our report dated March 13, 2020, with respect to our audits of the
consolidated financial statements of Inseego Corp. as of December 31, 2019 and 2018 and for the years ended December 31, 2019 and
2018 and our report dated March 13, 2020 with respect to our audit of internal control over financial reporting of Inseego Corp.
as of December 31, 2019 appearing in the Annual Report on Form 10-K of Inseego Corp. for the year ended December 31, 2019. We also
consent to the reference to our firm under the heading &ldquo;Experts&rdquo; in such Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Marcum <FONT STYLE="font-variant: small-caps">llp</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Marcum <FONT STYLE="font-variant: small-caps">llp</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Philadelphia, Pennsylvania</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 2, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
