<SEC-DOCUMENT>0001493152-17-004161.txt : 20170726
<SEC-HEADER>0001493152-17-004161.hdr.sgml : 20170726
<ACCEPTANCE-DATETIME>20170419164902
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001493152-17-004161
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170419

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRIDGFORD FOODS CORP
		CENTRAL INDEX KEY:			0000014177
		STANDARD INDUSTRIAL CLASSIFICATION:	SAUSAGE, OTHER PREPARED MEAT PRODUCTS  [2013]
		IRS NUMBER:				951778176
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1103

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1308 N PATT ST
		STREET 2:		P O BOX 3773
		CITY:			ANAHEIM
		STATE:			CA
		ZIP:			92801
		BUSINESS PHONE:		7145265533

	MAIL ADDRESS:	
		STREET 1:		1308 NORTH PATT STREET
		STREET 2:		P O BOX 3773
		CITY:			ANAHEIM
		STATE:			CA
		ZIP:			92803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRIDGFORD PACKING CO
		DATE OF NAME CHANGE:	19670307
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10 Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 28%; font: 10 Times New Roman, Times, Serif; vertical-align: bottom; text-align: left"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000">Marc
                                         G. Alcser</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000">949.725.4136</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000">malcser@sycr.com</FONT></P></TD>
    <TD STYLE="width: 48%; font: 10 Times New Roman, Times, Serif"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000"><B>Stradling
                                         Yocca Carlson &amp; Rauth, P.C.</B></FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000">660
        Newport Center Drive, Suite 1600</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000">Newport
        Beach, CA 92660-6422</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; color: #000000">sycr.com</FONT></P></TD>
    <TD STYLE="width: 24%; font: 10 Times New Roman, Times, Serif"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><U>CALIFORNIA</U></I></FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">NEWPORT
        BEACH</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">SACRAMENTO</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">SAN
        DIEGO</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">SAN
        FRANCISCO</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">SANTA
        BARBARA</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">SANTA
        MONICA</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><U>COLORADO</U></I></FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">DENVER</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><U>NEVADA</U></I></FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">RENO</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><U>WASHINGTON</U></I></FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">SEATTLE</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">April 19, 2017</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>SUBMITTED
VIA EDGAR</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Division
of Corporation Finance</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">100
F Street, N.E.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Attention:
Laura Nicholson</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 80pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Tonya
K. Aldave</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 0.5in; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>Re:</B></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>Bridgford
    Foods Corporation</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>Preliminary
    Proxy Statement on Schedule 14A</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>Filed
    February 13, 2017</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>File
    No. 000-02396</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>Responses
    to Staff comments made by letter dated April 7, 2017</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Dear
Ms. Nicholson:</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Set
forth below on behalf of our client, Bridgford Foods Corporation, a California corporation (the &ldquo;<U>Company</U>&rdquo;),
are the Company&rsquo;s responses to comments made by the staff (the &ldquo;<U>Staff</U>&rdquo;) of the Securities and Exchange
Commission (the &ldquo;<U>Commission</U>&rdquo;) by letter dated April 7, 2017 (the &ldquo;<U>Comment Letter</U>&rdquo;), in connection
with the Company&rsquo;s Preliminary Proxy Statement on Schedule 14A (File No. 000-02396), which the Company filed on February
13, 2017 (the &ldquo;<U>Proxy Statement</U>&rdquo;). Concurrent with the submission of this response letter, the Company is filing
a marked copy of the revised Proposal 1 on <U>Annex A</U>.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 20pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">The
Company&rsquo;s responses are preceded by a reproduction in italics of the corresponding Staff comments as set forth in the Comment
Letter. References to &ldquo;prior comment&rdquo; are to comments made by the Staff by letter dated March 9, 2017 in connection
with the Company&rsquo;s Proxy Statement. The Company has filed this response letter including <U>Annex A</U> on EDGAR under the
form label CORRESP.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><U>Proposal
1. Approval of Amended and Restated Bylaws, page 8</U></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 0.7in; font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></TD>
    <TD STYLE="width: 0.25in; font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>1.</I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>We
    note your response to prior comment 2 and reissue in part. Please describe in greater detail the proposed changes to the existing
    bylaws that relate to each of the following items:</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></P>


<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Division
of Corporation Finance</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Attn:
Laura Nicholson</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">April
19, 2017</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Page
2</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 20pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 0.75in; font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.25in; font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&#9679;</I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>adding
    that attendance at a shareholder meeting shall constitute a waiver unless the person objects to such waiver at the beginning
    of the shareholder meeting;</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&#9679;</I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>changing
    how a vacancy is created, as well as changing how a director may be removed;</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&#9679;</I></FONT></I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>limiting
    the Board of Directors&rsquo; ability to fill a vacancy created by the removal of a director;</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&#9679;</I></FONT></I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>increasing
    the notice requirements that must be provided to the Board of Directors prior to a meeting;</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&#9679;</I></FONT></I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>adding
    that attendance at a Board of Directors meeting will constitute a waiver unless the director protests that such presence is
    not to act as a waiver; and</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&#9679;</I></FONT></I></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>adding
    bylaws that expand the Board of Directors&rsquo; ability to act without a meeting, receive fees and compensation, and appoint
    committees.</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>For
example, please clarify what rights a shareholder would waive by attending a shareholder meeting, and describe the changes to
director removal procedures.</I></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B><U>Company
Response</U></B>:</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">In
response to the Staff&rsquo;s comment, the Company has revised the above-referenced disclosures in Proposal 1 as shown on <U>Annex
A</U> attached hereto.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
<TD STYLE="width: 0.25in; font: 10 Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.25in; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>2.</I></FONT></TD><TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>You
                                         state that although the Board has the authority to effect certain changes to the existing
                                         bylaws without shareholder approval, the company is seeking the approval by the shareholders
                                         of all the proposed changes to the existing bylaws. Please disclose the reasons for submitting
                                         such proposed changes to a vote of your shareholders, and disclose what action you intend
                                         to take in the event of a negative vote. Refer to Item 18 of Schedule 14A. For example,
                                         please consider disclosing the impact of shareholder approval on any future challenge
                                         to the bylaw amendments, if this was a reason for submitting the proposed changes to
                                         the shareholders.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.25in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B><U>Company
Response</U></B>:</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">In
response to the Staff&rsquo;s comment, the Company has added disclosure in Proposal 1, as shown on <U>Annex A</U> attached hereto,
to state the purpose of the Company seeking the approval by the shareholders of all proposed changes to the existing bylaws. The
penultimate paragraph of Proposal 1 states that &ldquo;we believe that shareholder support of the Amended and Restated Bylaws
is important and is a matter of good corporate governance practice.&rdquo; The Company has no additional reasons for seeking the
approval by the shareholders of all proposed changes to the existing bylaws.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Also,
in response to the Staff&rsquo;s comment, the Company has added disclosure in Proposal 1, as shown on <U>Annex A</U> attached
hereto, to state what action the Company will take in the event of a negative vote. The penultimate paragraph of Proposal 1 states
that &ldquo;[i]n the event of a negative vote on such approval, the Board of Directors will consider the wishes of the shareholders
and propose revised bylaws at the next annual meeting.&rdquo;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">*
* * * *</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Division
of Corporation Finance</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Attn:
Laura Nicholson</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">April
19, 2017</FONT></P>

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


<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">We
hope the foregoing answers are responsive to your comments. Should the Staff have additional questions or comments regarding any
of the foregoing, please do not hesitate to contact the undersigned via telephone at (949) 725-4136 or via email at <U>malcser@sycr.com</U>.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 50%; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Sincerely,</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">STRADLING
    YOCCA CARLSON &amp; RAUTH, P.C.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><I>/s/
    Stradling Yocca Carlson &amp; Rauth, P.C.</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 5%; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">cc:</FONT></TD>
    <TD STYLE="width: 45%; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Ray
    Lancy, Chief Financial Officer</FONT></TD>
    <TD STYLE="width: 50%; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">Cindy
    Matthews-Morales, Corporate Controller</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-indent: -0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Securities
and Exchange Commission</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Division
of Corporation Finance</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Attn:
Laura Nicholson</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">April
19, 2017</FONT></P>

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


<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B><U>ANNEX
A</U></B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>MARKED
REVISED DRAFT PROPOSAL 1 TO PROXY STATEMENT</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #000000"><B>&nbsp;</B></FONT></P>


    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>


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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000"><B>PROPOSAL
1</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000"><B>APPROVAL
OF AMENDED AND RESTATED BYLAWS</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">The
Board of Directors has approved, subject to shareholder approval at the Annual Meeting, the Amended and Restated Bylaws as set
forth in Exhibit A hereto (the &ldquo;Amended and Restated Bylaws&rdquo;). If the Amended and Restated Bylaws are approved by
the shareholders at the Annual Meeting, they will be effective upon such approval.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">The
Board of Directors believes that the Amended and Restated Bylaws improve the corporate governance of the Company by providing
bylaws more appropriate for a publicly reporting company and will assist the Company in attracting and retaining officers and
directors who will contribute to the Company&rsquo;s ability to provide shareholders with increased value. The Company&rsquo;s
existing bylaws were adopted on December 31, 1952 (as amended to date, the &ldquo;Existing Bylaws&rdquo;). The Existing Bylaws
allow the Board of Directors to unilaterally adopt amendments to the bylaws without shareholder approval except that the Board
of Directors may not make, alter or repeal any bylaws changing the authorized number of directors. One of the amendments reflected
in the Amended and Restated Bylaws relates to the changing the authorized number of directors. Although the Board has the authority
to effect the other proposed changes to the Existing Bylaws described below without shareholder approval, the Company is seeking
the approval by the Company&rsquo;s shareholders of all of the proposed changes to the Existing Bylaws </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">as
a matter of good corporate governance practice</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Blue">.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Below
is a brief summary of the ways in which the Amended and Restated Bylaws would modify Existing Bylaws. This summary is qualified
in its entirety by reference to the full text of the Amended and Restated Bylaws, which you are urged to review carefully and
is attached as Exhibit A hereto.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">The
amendments contained within the Amendment and Restated Bylaws that relate to changing the authorized number of directors, as well
some other rights affecting shareholders are summarized as follows:</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 16%; text-align: center; font: 10 Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Location
    of Change in Amended and Restated Bylaw</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 54%; text-align: center; font: 10 Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Summary
    of Provision</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 26%; text-align: center; font: 10 Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Rationale
    Supporting Change</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Blue">Section
    4 of Article II</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Blue">Provides
    that all notices of meetings of shareholders shall be sent or otherwise given not less than ten (10) nor more than sixty (60)
    days before the date of such meeting.&nbsp;&nbsp;In addition, provides that all notices shall specify the place, date and
    hour of the meeting and (i) in the case of a special meeting, the general nature of the business to be transacted, or (ii)
    in the case of the annual meeting, those matters which the Board of Directors intends to present for action by the shareholders.&nbsp;&nbsp;If
    the meeting is to be held in whole or in party by electronic transmission, the notice shall state the means of electronic
    communication.</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Blue">The
    Existing Bylaws as currently drafted do not comply with California Corporations Code relating to shareholder notice.&nbsp;&nbsp;The
    Existing Bylaws provide that notice may be given no less than seven (7) days before such meeting.&nbsp;&nbsp;The proposed
    change ensures that the Company complies with state and federal notice requirements.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">Section
    9 of Article II</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">Provides
    that attendance by a shareholder at a meeting will constitute a waiver of notice of that particular meeting, except when the
    shareholder objects, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully
    called or convened, and except that attendance at a meeting is not a waiver of any right to object to the consideration of
    matters not included in the notice of the meeting if that objection is expressly made at the meeting.</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">The
    proposed change is designed to mirror the statutory language found in the California Corporations Code.&nbsp;&nbsp;The proposed
    change and the California Corporations Code would still require the notice of a meeting to include the matters to be voted
    on in order for attendance at a meeting to be a valid waiver.&nbsp;&nbsp;This creates an additional incentive for the Company
    to insure that all notices accurately reflect the items to be voted on at a meeting.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Section
    14 of Article II</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
                                         that the chairman of the Board of Directors, or such other officer of the Company designated
                                         by a majority of the Board of Directors, will call meetings of the shareholders to order
                                         and will act as presiding officer thereof.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
        that at an annual meeting of the shareholders, only such business will be conducted or considered as is properly brought
        before the meeting. To be properly brought before an annual meeting, business must be (i) specified in the notice of meeting
        given by or at the discretion of the Board of Directors, (ii) otherwise properly brought before the meeting by the presiding
        officer or by or at the direction of a majority of the Board of Directors, or (iii) otherwise properly requested to be
        brought before the meeting by a shareholder of the Company who (x) is a shareholder of record at the time of giving of
        the notice of such annual meeting or at the direction of the Board of Directors, (y) is entitled to vote at such meeting,
        and (z) has given timely written notice to the secretary in accordance with Article II, Section 15 of the Amended and
        Restated Bylaws.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
        that director nominations may be made at an annual meeting of shareholders only (i) by or at the direction of the Board
        of Directors or (ii) by any shareholder of record at the time of giving of the notice or at the direction of the Board
        of Directors, who is entitled to vote for the election of directors at such meeting and who has given timely written notice
        to the secretary in accordance with Article II, Section 15 of the Amended and Restated Bylaws.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
        that at a special meeting of shareholders, only such business may be conducted or considered as is properly brought before
        the meeting. To be properly brought before a special meeting, business must be (i) specified in the notice of the meeting
        given by or at the direction of the chairman of the Board of Directors, the president, the vice present or the secretary
        or (ii) otherwise properly brought before the meeting by the presiding officer or by or at the direction of a majority
        of the Board of Directors.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Lastly,
        the determination whether any business sought to be brought before any annual or special meeting or whether any director
        nomination was properly made will be made by the presiding officer of such meeting.</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">These
    changes are appropriate to ensure that business conducted at an annual meeting or special meeting is proper.&nbsp;&nbsp;In
    addition, it provides the shareholders with greater certainty regarding how to bring an item before a shareholder meeting.</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"><FONT STYLE="color: #000000">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 5; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif; width: 16%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Section
    15 of Article II</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; width: 54%"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
                                         that a timely shareholder notice must be addressed to the secretary and delivered or
                                         mailed to and received at the principal executive offices of the Company less than sixty
                                         (60) nor more than ninety (90) calendar days prior to the anniversary date of the date
                                         on which the Company first mailed its proxy materials for its immediately preceding annual
                                         meeting of shareholders. However, in the event the annual meeting is called for a date
                                         that is not within thirty (30) calendar days of the anniversary date of the date on which
                                         the immediately preceding annual meeting of shareholders was called, to be timely, notice
                                         by the shareholder must be so received not later than the close of business on the tenth
                                         (10<SUP>th</SUP>) calendar day following the day on which public announcement of the
                                         date of the annual meeting is first made.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
        what information must be included in a shareholder&rsquo;s notice to a secretary as to each matter the shareholder proposes
        to bring before an annual meeting or special meeting.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Provides
        what information must be included in a shareholders&rsquo; notice to a secretary as to each shareholder director nominee.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Nothing
        in Sections 14 or 15 of Article 2 of the Amended and Restated Bylaws will affect any rights of shareholders set forth
        in Rule 14a-8 of the Exchange Act.</FONT></P></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif; width: 26%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">These
    changes will provide the Company and the shareholders with greater certainty regarding the timeframes and information in which
    to submit notices.&nbsp;&nbsp;The changes will work harmoniously with the advance notice requirement of the Exchange Act rules.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Section
    2 of Article III</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Amends
    the authorized number of directors to be not less than eight (8) nor more than ten (10), until amended by the vote or written
    consent of the holders of a majority of the outstanding shares entitled to vote.&nbsp;&nbsp;The exact number of directors
    shall be nine (9) until changed by the Board of Directors or the shareholders.</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">These
    changes will help the Company to add additional directors if desired to, among other things, provide greater flexibility to
    comply with Nasdaq listing requirements.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 16%; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Sections
    4 and 5 of Article III</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 54%; font: 10 Times New Roman, Times, Serif"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">Provides
                                         that a vacancy on the Board of Directors will exist in the event of the death, resignation,
                                         or removal of any director, or if the Board of Directors by resolution declares vacant
                                         the office of a director who has been declared of unsound mind by court order or convicted
                                         of a felony, or if the authorized number of directors is increased, or if the shareholders
                                         fail, at any meeting of shareholders at which any director or directors are elected,
                                         to elect the number of directors to be voted for at that meeting.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">A
        vacancy may be filled by the Board of Directors, or if the number of directors then in office is less than a quorum by
        (i) the unanimous written consent of the directors then in office, (ii) the affirmative vote of a majority of the directors
        then in office at a meeting held pursuant to notice or waivers of notice complying with Section 307 of the California
        Corporations Code, or (iii) a sole remaining director. Vacancies created by the removal of a director will be filled only
        by approval of the shareholders, or by the unanimous written consent of all shares entitled to vote</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">The
        shareholders may elect a director or directors at any time to fill any vacancy or vacancies not filled by the directors,
        but any such election by written consent, other than to fill a vacancy created by removal, will require the consent of
        a majority of the outstanding shares entitled to vote. A director may not be elected by written consent to fill a vacancy
        created by removal except by unanimous consent of all shares entitled to vote for the election of directors.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">Any
        director or the entire Board of Directors may be removed, with or without cause, by the holders of a majority of the shares
        then entitled to vote at an election of directors. No reduction of the authorized number of directors will have the effect
        of removing any director prior to the expiration of such director&rsquo;s term of office.</FONT></P></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 26%; font: 10 Times New Roman, Times, Serif"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">These
                                         proposed changes create more certainty on the mechanics of removing a director and filling
                                         a vacancy. The Existing Bylaws only provide that a vacancy will exist in the event of
                                         death, resignation or removal. The propose changes broaden the scope of how a vacancy
                                         is created. </FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">The
        California Corporations Code sections referenced in the Existing Bylaws were repealed in 1977. The Existing Bylaws required
        the director to have been <I>finally</I> convicted of a felony. The proposed change which mirrors the current statutory
        language of the California Corporations Code provides the Board of Directors with more discretion to remove a director
        while the felony charges are pending.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">The
        Existing Bylaws did not permit removal by written consent whereas the proposed changes permit removal by written consent.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double">In
        addition, the ability to remove a director without cause is designed to increase the shareholders ability to govern the
        actions of the directors in creating long-term growth. In the event the shareholders remove a director, these changes
        provide the shareholder with the exclusive right to fill the vacancy created by the removal.</FONT></P></TD></TR>
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Section
    9 of Article III</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Provides
    that in the event that notice of a special meeting is mailed, it shall be deposited in the United States mail at least four
    (4) days before the time of holding the meeting.&nbsp;&nbsp;In the event that the notice is (i) delivered personally by hand,
    by courier or by telephone, (ii) sent by facsimile or (iii) sent by electronic mail, it shall be delivered at least forty-eight
    (48) hours before the time of the holding of the meeting, or on such shorter notice as the person or persons calling such
    meeting may deem necessary and appropriate in the circumstances.</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">These
    changes will improve the corporate governance of the Company by providing the board more time to consider the issues that
    will be brought before a meeting.&nbsp;&nbsp;In addition, the Existing Bylaws are over sixty (60) years old and do not contemplate
    notice delivery by facsimile or electronic mail.</FONT></TD></TR>
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Section
    11 of Article III</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Provides
    that notice of a meeting will be deemed given to any director who attends the meeting without protesting, before or at its
    commencement, the lack of notice to that director.</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">These
    changes are designed to ensure that the actions taken by the Board of Directors at a meeting are duly authorized.&nbsp;&nbsp;The
    Existing Bylaws stated that a written waiver must be signed to waive notice; however, these changes provide the Company with
    greater flexibility.</FONT></TD></TR>
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10 Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Sections
    14 and 15 of Article III</FONT></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif"><P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Provides
                                         that any action required or permitted to be taken by the Board of Directors at a meeting
                                         may be taken without a meeting, if all members of the Board of Directors consent in writing
                                         to the action.</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Blue">&nbsp;</FONT></P>
        <P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">Provides
        that directors and members of committees may receive compensation for their services and may be reimbursed for expenses.</FONT></P></TD>
    <TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">These
    changes are appropriate for a public company.&nbsp;&nbsp;The ability to act without a meeting is designed to amend the bylaws
    to match the statutory provisions in the California Corporations Code.&nbsp;&nbsp;In addition, the Company currently provides
    compensation to its directors and the changes provide the governance authorization to provide such compensation.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10 Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 16%; text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 1 of
    Article VI</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 54%; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                         that each &ldquo;indemnitee&rdquo; (as such term is defined in the Amended and Restated
                                         Bylaws) involved in a &ldquo;proceeding&rdquo; (as such term is defined in the Amended
                                         and Restated Bylaws), 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, shall be indemnified and held harmless by the Company to the fullest extent
                                         authorized by the California Corporations Code, against all expense, liability and loss
                                         (including attorneys&rsquo; fees, judgments, fines and amounts paid in settlement) actually
                                         and reasonably incurred by such indemnitee in connection therewith.</FONT></P>
                                                                     <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 2%"><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD ROWSPAN="8" STYLE="width: 26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: #000000">These
                                       changes will improve the corporate governance of the Company by providing appropriate indemnification
                                       provisions for a public reporting company. The changes will assist the Company in attracting
                                       and retaining officers and directors who will contribute to the Company&rsquo;s ability
                                       to provide shareholders with increased value. We believe these changes are market with
                                       our peer companies and do not provide non-customary benefits to our Board of Directors.
                                       Given that our Existing Bylaws are over sixty </FONT><FONT STYLE="text-underline-style: double; color: Blue">(60)
                                       </FONT><FONT STYLE="color: #000000">years old, we believe these changes are necessary to
                                       clarify the rights granted to our officers and directors.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="color: #000000">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 2 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                    that the Company shall have the right to advance indemnification expenses.&nbsp;&nbsp;However,
                                    if a director or officer receives an advancement of indemnification expenses and it is later
                                    determined such person was not entitled to be indemnified, such person shall repay such expenses.</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 3 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                    that if the Company does not pay the indemnitee in full within forty-five (45) days after
                                    a written claim has been received by the Company, the indemnitee may bring suit on the Company.&nbsp;&nbsp;If
                                    the indemnitee is successful, the Company will be required to pay the legal expenses incurred
                                    by the indemnitee to enforce its rights to indemnification.</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="color: #000000">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 4 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                    that the right of indemnification and the right to the advancement of expenses will not be
                                    exclusive of any other right which any person may have or later acquire for certain breaches
                                    of duties or acts, omissions or transactions while acting in the capacity of director or officer
                                    of the Company.</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 5 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                    that the Company may purchase and maintain insurance, at its expense, to protect itself from
                                    any loss it may receive as a result of its power to indemnify such persons.</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 6 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                    that the Company may at its discretion grant rights to indemnification and rights to advancement
                                    of expenses to any employee or agent of the Company.</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 7 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">Provides
                                    that the Board of Directors is authorized to enter into a contract with any director, officer,
                                    employee or agent of the Company, providing for indemnification rights equivalent to or, if
                                    the Board of Directors determines, greater than those provided for in the Amended and Restated
                                    Bylaws, unless prohibited by the California Corporations Code or any other applicable law.</FONT></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt; color: #000000">&nbsp;</FONT></P></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Section 8 of Article VI</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: #000000">Provides that any amendment to the Amended and
    Restated Bylaws will not adversely affect any right or protection of a director or officer of the Company existing at the
    time of such amendment, repeal or modification.</FONT></TD>
    <TD><FONT STYLE="color: #000000">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">In
addition to the amendments described above, the Amended and Restated Bylaws reflect numerous other amendments, including, but
not limited to:</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10 Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10 Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.25in; font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">updating
    the name of the Company from Bridgford Packing Company to Bridgford Foods Corporation;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">adding
    information about the principal executive offices and other business offices where the Company is qualified to do business;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">expanding
    the scope of permissible meeting locations to include meeting locations outside the State of California, as well as remote
    communication or electronic transmission authorized by the California Corporations Code;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">changing
    the date of the annual meeting from February 8<SUP>th</SUP> every year to a date as determined by the Board of Directors;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">updating
    who may call a special meeting of shareholders to include a majority of the Board of Directors, the president, the chairman
    of the Board of Directors, or one or more holders of shares entitled to cast not less than 10% of the votes;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">adding
    that following a request for a special shareholder meeting, the Company will provide notice to all shareholders entitled to
    vote not less than thirty-five (35) nor more than sixty (60) days after the receipt of such request;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">stating
    that notice needs to be provided if a meeting is adjourned and a new record date is fixed or the adjourned meeting is more
    than forty-five (45) days after the date of the original meeting;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">providing
    additional mechanics for voting at shareholder meetings;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>&#9679;</STRIKE></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>adding
    that attendance at a shareholder meeting shall constitute a waiver unless the person objects to such waiver at the beginning
    of the shareholder meeting;</STRIKE></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">providing
    the opportunity for a shareholder to revoke a consent until the Company obtains a requisite number of consents to approve
    the action;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">adding
    a bylaw to include the mechanics for setting a record date, which may not be more than sixty (60) nor less than ten (10) days
    before the date of any such meeting;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">expanding
    the bylaws on proxies to include that a proxy will not be valid once it is revoked, unless the proxy is irrevocable, or after
    the expiration of eleven (11) months from the date the proxy is given;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">adding
    bylaws relating to the appointment of an inspector of elections;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">stating
    that each director, including a director elected to fill a vacancy, will hold office until the expiration of the term for
    which elected and until a successor has been elected;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">removing
    a provision relating to organizational meetings of the Board of Directors;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>&#9679;</STRIKE></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>changing
    how a vacancy is created, as well as changing how a director may be removed;</STRIKE></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>&#9679;</STRIKE></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>limiting
    the Board of Directors&rsquo; ability to fill a vacancy created by the removal of a director;</STRIKE></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">updating
    where a Board of Directors meeting will take place, including a meeting by conference telephone, electronic video screen communication
    or electronic communication by and to the Company;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">changing
    the regular board meetings from a specific date to a time fixed by the Board of Directors;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>&#9679;</STRIKE></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>increasing
    the notice requirements that must be provided to the Board of Directors prior to a meeting;</STRIKE></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>&#9679;</STRIKE></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>adding
    that attendance at a Board of Directors meeting will constitute a waiver unless the director protests that such presence is
    not to act as a waiver;</STRIKE></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">adding
    that notice of an adjourned meeting is to be given if the adjourned meeting is more than twenty-four (24) hours away;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>&#9679;</STRIKE></FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>adding
    bylaws that expand the Board of Directors&rsquo; ability to act without a meeting, receive fees and compensation, and appoint
    committees;</STRIKE></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">removing
    a provision relating to the corporate seal;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">changing
    the titles of the officer to be chief executive officer, president, secretary and chief financial officer;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">updating
    the description of the required officers of the Company;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">expanding
    the requirements to inspect the share register to include shareholders holding at least five percent (5%) in the aggregate
    of the voting shares of the Company or shareholders who hold at least one percent (1%) of the voting shares and have filed
    a Schedule 14A with the SEC;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">removing
    the provision requiring an annual report to shareholders and changing it to conform with the California Corporations Code
    Section 1501 (noting that such provision is not to be contradictory with SEC reporting requirements); and</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10 Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10 Times New Roman, Times, Serif">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&#9679;</FONT></TD>
    <TD STYLE="font: 10 Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">adding
    bylaws relating to an annual statement of general information and setting a record date for purposes other than notice and
    voting.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">As
discussed above, the amendments to our Existing Bylaws include the requirement to provide the Company with more advance notice
for nominating directors and presenting business for consideration at the annual and special meeting of shareholders. Such amendments
could have an anti-takeover effect as it makes it more difficult for the shareholders to take actions and to propose director
nominees or present matters for approval of the shareholders, thereby deterring or rendering more difficult a merger, tender offer,
proxy contest or an extraordinary corporate transaction opposed by the Company.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Proxies
received in response to this solicitation will be voted &ldquo;<B>FOR</B>&rdquo; the approval of the Amended and Restated Bylaws
unless otherwise specified in the proxy</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Red"><STRIKE>.
The affirmative vote of a majority of the shares outstanding is required to approve the Amended and Restated Bylaws</STRIKE>.
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">Abstentions and broker non-votes
will have the same effect as votes &ldquo;AGAINST&rdquo; the proposal. Brokers do not have discretion to vote uninstructed shares
with respect to the proposal.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: blue"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-underline-style: double; color: Blue">As
mentioned in the second paragraph of this proposal, shareholder approval is not required for the Board of Directors to amend our
Existing Bylaws except that the Board of Directors may not make, alter or repeal any bylaws changing the authorized number of
directors. Notwithstanding the prior sentence, we believe that shareholder support of the Amended and Restated Bylaws is important
and is a matter of good corporate governance practice. Approval of this proposal requires affirmative vote of a majority of the
shares outstanding. In the event of a negative vote on such approval, the Board of Directors will consider the wishes of the shareholders
and propose revised bylaws at the next annual meeting.</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000"><B>THE
BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE &ldquo;FOR&rdquo; THE APPROVAL OF THE AMENDED AND RESTATED BYLAWS.</B></FONT></P>

<P STYLE="font: 10 Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #000000">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->







</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
