<SEC-DOCUMENT>0001398344-24-002930.txt : 20240214
<SEC-HEADER>0001398344-24-002930.hdr.sgml : 20240214
<ACCEPTANCE-DATETIME>20240214090030
ACCESSION NUMBER:		0001398344-24-002930
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240214
DATE AS OF CHANGE:		20240214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			R F INDUSTRIES LTD
		CENTRAL INDEX KEY:			0000740664
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC CONNECTORS [3678]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				880168936
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-36926
		FILM NUMBER:		24632827

	BUSINESS ADDRESS:	
		STREET 1:		16868 VIA DEL CAMPO COURT, SUITE 200
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92127
		BUSINESS PHONE:		858-549-6340

	MAIL ADDRESS:	
		STREET 1:		16868 VIA DEL CAMPO COURT, SUITE 200
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92127

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CELLTRONICS INC
		DATE OF NAME CHANGE:	19910204

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
		CENTRAL INDEX KEY:			0001238990
		ORGANIZATION NAME:           	
		IRS NUMBER:				820566501
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		7701 FRANCE AVE. SOUTH
		STREET 2:		SUITE 300
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435
		BUSINESS PHONE:		9522244350

	MAIL ADDRESS:	
		STREET 1:		7701 FRANCE AVE. SOUTH
		STREET 2:		SUITE 300
		CITY:			EDINA
		STATE:			MN
		ZIP:			55435

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRIDGEWATER CAPITAL ADVISORS INC
		DATE OF NAME CHANGE:	20030605
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>fp0086898-6_sc13ga.htm
<TEXT>
<HTML>
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<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>SECURITIES
AND EXCHANGE COMMISSION</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Washington,
D.C. 20549</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>_____________</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>SCHEDULE
13G</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(Rule
13d-102)</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>TO
RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>PURSUANT
TO RULE 13d-2(b)</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>(AMENDMENT
NO. 2)*</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="border-bottom: Black 0.5pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>RF Industries LTD </b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>(Name
of Issuer)</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="border-bottom: Black 0.5pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Common</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>(Title
of Class of Securities)</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="border-bottom: Black 0.5pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>749552105</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>(CUSIP
Number)</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="border-bottom: Black 0.5pt solid; font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>December 31, 2023</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>(Date
of Event Which Requires Filing of This Statement)</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 36pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 27pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[X]</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Rule
                                            13d-1(b)</font></td></tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">
<td style="font: 11pt Times New Roman, Times, Serif; width: 36pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 27pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;]</font></td><td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Rule
                                            13d-1(c)</font></td>
</tr></table>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">
<td style="font: 11pt Times New Roman, Times, Serif; width: 36pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 27pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;]</font></td><td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Rule
                                            13d-1(d)</font></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">____________________</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover
page.</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">The
information required in the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18
of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the <i>Notes</i>).&nbsp;</font></p>


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<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: center; border: Black 1pt solid; width: 34%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">CUSIP
    NO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>749552105</B></FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 32%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>13G</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border: Black 1pt solid; width: 34%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Page
    2 of 5 Pages</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>


<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; width: 5%; border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>1</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 85%; border-top: black 1pt solid; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">NAMES
    OF REPORTING PERSONS S.S. OR<br>
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">82-0566501</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>2</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">CHECK
    THE APPROPRIATE BOX IF A MEMBER OF A GROUP&nbsp;</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)
    [&nbsp;&nbsp;]</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)
    [&nbsp;&nbsp;]</font></p></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>3</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">SEC
    USE ONLY&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>4</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">CITIZENSHIP
    OR PLACE OF ORGANIZATION</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Minnesota</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif">
    <td rowspan="4" style="font: 11pt Times New Roman, Times, Serif; width: 10%; border-left: black 1pt solid; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">NUMBER
    OF</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">SHARES</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">BENEFICIALLY</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">OWNED
    BY</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">EACH</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">REPORTING</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">PERSON
    WITH</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; vertical-align: top; width: 5%; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>5</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; vertical-align: top; width: 75%; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">SOLE
    VOTING POWER</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">994,266</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; vertical-align: top; width: 10%; border-bottom: black 1pt solid; border-right: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>6</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">SHARED
    VOTING POWER</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>7</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">SOLE
    DISPOSITIVE POWER</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">994,266</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>8</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">SHARED
    DISPOSITIVE POWER</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">0</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; width: 5%; border-left: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>9</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 85%; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">AGGREGATE
    AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">994,266</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 10%; border-bottom: black 1pt solid; border-right: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>10</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">CHECK
    BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;]</font></p></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>11</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">PERCENT
    OF CLASS REPRESENTED BY AMOUNT IN ROW 9</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">9.70%</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>12</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: black 1pt solid"><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">TYPE
    OF REPORTING PERSON</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>
    <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">1A</font></p></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-right: black 1pt solid; border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>


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    <td style="font: 11pt Times New Roman, Times, Serif; text-align: center; border: Black 1pt solid; width: 34%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">CUSIP
    NO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>749552105</B></FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 32%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>13G</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border: Black 1pt solid; width: 34%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Page
    3 of 5 Pages</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
1.</font></td><td style="font: 11pt Times New Roman, Times, Serif; text-indent: 0; text-align: left; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)</font></td>
                                                                                 <td style="font: 11pt Times New Roman, Times, Serif; padding-left: 20pt; text-indent: -20pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name
                                            of Issuer:</b></font></td>
</tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">RF Industries LTD</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Address
                                            of Issuer&#146;s Principal Executive Offices:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">7610 Miramar Rd.<BR>
BLDG 6000</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">San Diego, CA 92126</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
2.</font></td><td style="font: 11pt Times New Roman, Times, Serif; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)</font></td>
                                                                <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Name
                                            of Person Filing:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Punch
&amp; Associates Investment Management, Inc.</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Address
                                            of Principal Business Office or, if None, Residence:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">7701
France Ave. So., Suite 300</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Edina,
MN 55435</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(c)</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Citizenship:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Minnesota</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(d)</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Title
                                            of Class of Securities:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Common</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 40pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(e)</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>CUSIP
                                            Number:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 100pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">749552105</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 0%"></td><td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
                                            3.</font></td><td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>If
                                            This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the
                                            Person Filing is a:</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.75in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; width: 20pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 20pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 20pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Broker
    or dealer registered under Section 15 of the Exchange Act.</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Bank
    as defined in Section 3(a)(6) of the Exchange Act.</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(c)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Insurance
    company as defined in Section 3(a)(19) of the Exchange Act.</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(d)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Investment
    company registered under Section 8 of the Investment Company Act.</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(e</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[X]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">An
    investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(f)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">An
    employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(g)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A
    parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(h)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A
    savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(i)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">A
    church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">(j)</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">[&nbsp;&nbsp;&nbsp;]</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Group,
    in accordance with Rule 13d-1(b)(1)(ii)(J).</font></td></tr>
  </table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>


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<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; border: Black 1pt solid; text-align: center; width: 34%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">CUSIP
    NO.&nbsp;&nbsp;&nbsp;&nbsp; <B>749552105</B></FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 32%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>13G</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border: Black 1pt solid; width: 34%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Page
    4 of 5 Pages</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
4.</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Ownership.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B></B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: Gainsboro">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(a)</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Amount
    beneficially owned: </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; border-top: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">994,266</FONT></TD></TR>
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(b)</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Percent
    of class:</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">9.70%</FONT></TD></TR>
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: Gainsboro">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(c)</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Number
    of shares as to which the person has: </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; width: 5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; width: 5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(i)</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; width: 75%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Sole
    power to vote or to direct the vote: </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">994,266</FONT></TD></TR>
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: Gainsboro">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(ii)</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Shared
    power to vote or to direct the vote: </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">0</FONT></TD></TR>
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(iii)</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Sole
    power to dispose or to direct the disposition of: </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">994,266</FONT></TD></TR>
  <TR STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; background-color: Gainsboro">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">(iv)</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">Shared
    power to dispose or to direct the disposition of: </FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
5.</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Ownership
                                            of Five Percent or Less of a Class.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the following [&nbsp;&nbsp;]</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
6.</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Ownership
                                            of More than Five Percent on Behalf of Another Person.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Not
applicable</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
7.</font></td><td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Identification
                                            and Classification of the Subsidiary Which Acquired the Security Being Reported on by the
                                            Parent Holding Company or Control Person.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Not
applicable</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
8.</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Identification
                                            and Classification of Members of the Group.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Not
applicable</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
9.</font></td><td style="font: 11pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Notice
                                            of Dissolution of Group.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 60pt; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Not
applicable</font></p>


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    <div style="break-before: page; margin-top: 6pt; margin-bottom: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></div>
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<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<table cellspacing="0" cellpadding="4" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; text-align: center; border: Black 1pt solid; width: 34%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt">CUSIP
    NO.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>749552105</B></FONT></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 32%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>13G</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border: Black 1pt solid; width: 34%; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Page
    5 of 5 Pages</font></td></tr>
  </table>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 11pt Times New Roman, Times, Serif; width: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Item
10.</font></td><td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Certification.</b></font></td></tr></table>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction having that purpose or effect.</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt; font-variant: small-caps"><b>Signature</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 60pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.</font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td colspan="2" style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt"><b>Punch
    &amp; Associates Investment Management, Inc.</b></font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif; width: 52%"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 8%"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 30%"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; width: 10%"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">By:
    </font></td>
    <td style="font: 11pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">/s/
    Howard D. Punch, Jr.</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Name:
    </font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Howard
    D. Punch, Jr.</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Title:</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">President</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  <tr style="font: 11pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">Date:
    </font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;January 18, 2024</font></td>
    <td style="font: 11pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 11pt">&nbsp;</font></td></tr>
  </table>
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