<SEC-DOCUMENT>0001193125-20-106014.txt : 20200414
<SEC-HEADER>0001193125-20-106014.hdr.sgml : 20200414
<ACCEPTANCE-DATETIME>20200414100959
ACCESSION NUMBER:		0001193125-20-106014
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20200414
DATE AS OF CHANGE:		20200414
GROUP MEMBERS:		COMMERCE HOME MORTGAGE, LLC
GROUP MEMBERS:		STEVEN A. SUGARMAN
GROUP MEMBERS:		SUGARMAN ENTERPRISES, INC.
GROUP MEMBERS:		TCC MANAGER, LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADWAY FINANCIAL CORP \DE\
		CENTRAL INDEX KEY:			0001001171
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				954547287
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-46823
		FILM NUMBER:		20790252

	BUSINESS ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
		BUSINESS PHONE:		3236341700

	MAIL ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Capital Corps, LLC
		CENTRAL INDEX KEY:			0001798750
		IRS NUMBER:				201938893
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		16845 VON KARMAN AVENUE, SUITE #200
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92606
		BUSINESS PHONE:		323-329-8303

	MAIL ADDRESS:	
		STREET 1:		16845 VON KARMAN AVENUE, SUITE #200
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92606
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>d882933dsc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
<HTML><HEAD>
<TITLE>SC 13D/A</TITLE>
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  <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.8pt">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.1pt 106.4pt 0 106.9pt; text-align: center"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.1pt 106.4pt 0 106.9pt; text-align: center"></P>
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<TD STYLE="padding-right: 0.5; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 100%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.1pt 106.4pt 0 106.9pt; text-align: center"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.1pt 106.4pt 0 106.9pt; text-align: center"><B>SECURITIES AND
EXCHANGE COMMISSION</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 106.4pt 0 106.9pt; text-align: center"><B>Washington, D.C. 20549</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>
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<TD STYLE="width: 100%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
<TD STYLE="border-top: Black 1pt solid">&nbsp;</TD></TR> </TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 0 0"></P> <P STYLE="margin: 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 106.4pt 0 106.9pt; text-align: center"><B>SCHEDULE 13D</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.3pt 180.7pt 0 181.4pt; text-align: center"><B>Under the Securities Exchange Act of 1934 <BR> (Amendment No. 3)*</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P> <P STYLE="margin: 0">&nbsp;</P>
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<TD STYLE="border-bottom: Black 1pt solid; width: 100%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
<TD>&nbsp;</TD></TR> </TABLE> <P STYLE="margin: 0"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>
<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 106.4pt 0 106.8pt; text-align: center"><B>Broadway Financial Corporation</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 106.4pt 0 106.85pt; text-align: center"><B>(Name of Issuer)</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 106.4pt 0 106.9pt; text-align: center"><B>Common Stock, par value</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 106.4pt 0 106.9pt; text-align: center"><B>$0.01 per share</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 106.4pt 0 106.9pt; text-align: center"><B>(Title of
Class of Securities)</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.45pt 106.4pt 0 106.9pt; text-align: center"><B>111444-10-5</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 106.4pt 0 106.9pt; text-align: center"><B>(CUSIP
Number)</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 5.45pt; margin-bottom: 0"><B>Steven A. Sugarman <BR> 16845 Von Karman Avenue</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 106.4pt 0 106.9pt; text-align: center"><B>Suite #200</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 106.4pt 0 106.9pt; text-align: center"><B>Irvine, CA
92606</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 106.4pt 0 106.9pt; text-align: center"><B><I>Copies to:</I></B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B><I>&nbsp;</I></B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0; text-align: center"><B>Gary J. Simon</B></P>
<P STYLE="margin-top: 0; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0; text-align: center"><B>Hughes Hubbard &amp; Reed, LLP<BR> One Battery Park Plaza</B></P>
<P STYLE="margin-top: 0; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0; text-align: center"><B>New York, New York 10004</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.45pt 106.35pt 0 106.9pt; text-align: center"><B>April 13, 2020</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 106.4pt 0 106.9pt; text-align: center"><B>(Date
of Event which Requires Filing of this Statement)</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>
<P STYLE="margin: 0">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P> <P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0">If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of &sect;&sect; 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: <FONT
STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0"></P>
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<TD STYLE="width: 5%">&nbsp;</TD>
<TD STYLE="width: 90%"><I>Note.</I> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &sect; 240.13d-7 for other parties to whom copies are to be sent.</TD>
<TD STYLE="width: 5%">&nbsp;</TD></TR> </TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P> <P STYLE="margin: 0"></P>
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<TD STYLE="width: 22.1pt">*</TD>
<TD STYLE="padding-right: 7.8pt">The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.</TD></TR></TABLE> <P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of
1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, <I>see </I>the Notes).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0"></P>
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<TD STYLE="padding-right: 0.5; border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 100%"><FONT STYLE="font-size: 3pt">&nbsp;</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;&nbsp;</P> </div> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P>
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<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV> <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"></P>
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<TD STYLE="width: 34%; text-align: left">CUSIP No. 111444-10-5</TD>
<TD STYLE="width: 33%; text-align: center">13D</TD>
<TD STYLE="width: 33%; text-align: right">Page
2
 of 6</TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P> <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NAMES OF REPORTING
PERSONS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Steven A. Sugarman</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0">(a) <FONT
STYLE="font-family: Times New Roman, Times, Serif">&#9744;&#9;</FONT>(b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></P> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOURCE OF FUNDS (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) &#9744;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">United States</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD ROWSPAN="7" STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 15%; padding-left: 5.4pt; text-align: center; text-indent: -0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NUMBER
 OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</B></FONT></TD>
<TD STYLE="height: 15pt; width: 6%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7</B></FONT></TD>
<TD STYLE="height: 15pt; width: 79%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>1</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>1</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP> </SUP>(see Item
5)<SUP>1</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.57%<SUP>2</SUP></FONT></TD></TR>

<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>14</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TYPE OF REPORTING PERSON (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">___________</P> <P STYLE="margin-top: 0; margin-bottom: 0"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>1</SUP></FONT></TD>
<TD STYLE="padding-right: 11.1pt"><FONT STYLE="font-size: 8pt">As of the date hereof, Mr. Sugarman directly owns no shares of common stock, par value $0.01 per share (&ldquo;Shares&rdquo;), of Broadway Financial Corporation (the
&ldquo;Registrant&rdquo;). However, as a result of wholly-owning Sugarman Enterprises, Inc. (&ldquo;Enterprises&rdquo;), which controls TCC Manager, LLC (&ldquo;Manager&rdquo;), which controls The Capital Corps, LLC (&ldquo;Capital&rdquo;), which
wholly owns Commerce Home Mortgage, LLC (&ldquo;Commerce&rdquo;), Mr. Sugarman may be deemed to have shared voting power over and thus beneficial ownership of the 1,846,154 Shares owned by Commerce pursuant to Rule 13d-3 (&ldquo;Rule 13d-3&rdquo;)
under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;). Mr. Sugarman has an indirect interest in a portion of the same 1,846,154 Shares already reported above by virtue of an indirect ownership in Capital. Pursuant to
Rule 13d-4 (&ldquo;Rule 13d-4&rdquo;) under the Exchange Act, Mr. Sugarman disclaims all such beneficial ownership except to the extent of his pecuniary interest therein.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT></TD>
<TD STYLE="padding-right: 6.4pt">Calculation of percentage based on 19,282,571 shares of the Registrant&rsquo;s voting common stock issued and outstanding as of April 6, 2020, as stated in the Registrant&rsquo;s Amendment No. 1 to Form 10-K Annual
Report filed with the Securities and Exchange Commission on April 6, 2020 (the &ldquo;Form 10-K/A&rdquo;), which also states that on such date 8,756,396 shares of the Registrant&rsquo;s non-voting common stock also were outstanding, none of which is
owned by Mr. Sugarman.</TD></TR></TABLE> <P STYLE="margin-top: 0; margin-bottom: 0"></P> <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P> </div>
 <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV> <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 34%; text-align: left">CUSIP No. 111444-10-5</TD>
<TD STYLE="width: 33%; text-align: center">13D</TD>
<TD STYLE="width: 33%; text-align: right">Page
3
 of 6</TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P> <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NAMES OF REPORTING
PERSONS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Sugarman Enterprises, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0">(a) <FONT
STYLE="font-family: Times New Roman, Times, Serif">&#9744;&#9;</FONT>(b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></P> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOURCE OF FUNDS (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) &#9744;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">United States</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD ROWSPAN="7" STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 15%; padding-left: 5.4pt; text-align: center; text-indent: -0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NUMBER
 OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</B></FONT></TD>
<TD STYLE="height: 15pt; width: 6%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7</B></FONT></TD>
<TD STYLE="height: 15pt; width: 79%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>3</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>3</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154 (see Item
5)<SUP>3</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.57%<SUP>4</SUP></FONT></TD></TR>

<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>14</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TYPE OF REPORTING PERSON (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HC</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">___________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>3</SUP></FONT></TD>
<TD STYLE="padding-right: 14.35pt"><FONT STYLE="font-size: 8pt">As of the date hereof, Enterprises directly owns no Shares. However, as a result of being in control of Manager, which controls Capital, which wholly owns Commerce, Enterprises may be
deemed to have shared voting power over and thus beneficial ownership of the 1,846,154 Shares owned by Commerce pursuant to Rule 13d-3 under the Exchange Act. Pursuant to Rule 13d-4 under the Exchange Act, Enterprises disclaims all such beneficial
ownership except to the extent of its pecuniary interest therein.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>4</SUP></FONT></TD>
<TD STYLE="padding-right: 13.5pt"><FONT STYLE="font-size: 8pt">Percentage based on 19,282,571 shares of the Registrant&rsquo;s voting common stock issued and outstanding as of April 6, 2020, as stated in the Form 10-K/A, which also states that on
such date 8,756,396 shares of the Registrant&rsquo;s non-voting common stock also were outstanding, none of which is owned by Manager.</FONT></TD></TR></TABLE> <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt"></P> </div>
 <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV> <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 34%; text-align: left">CUSIP No. 111444-10-5</TD>
<TD STYLE="width: 33%; text-align: center">13D</TD>
<TD STYLE="width: 33%; text-align: right">Page
4
 of 6</TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P> <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NAMES OF REPORTING
PERSONS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">TCC Manager, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0">(a) <FONT
STYLE="font-family: Times New Roman, Times, Serif">&#9744;&#9;</FONT>(b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></P> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOURCE OF FUNDS (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) &#9744;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">United States</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD ROWSPAN="7" STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 15%; padding-left: 5.4pt; text-align: center; text-indent: -0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NUMBER
 OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</B></FONT></TD>
<TD STYLE="height: 15pt; width: 6%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7</B></FONT></TD>
<TD STYLE="height: 15pt; width: 79%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>5</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>5</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154 (see Item
5)<SUP>5</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.57%<SUP>6</SUP></FONT></TD></TR>

<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>14</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TYPE OF REPORTING PERSON (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HC</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">___________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>5</SUP></FONT></TD>
<TD STYLE="padding-right: 10.35pt"><FONT STYLE="font-size: 8pt">As of the date hereof, Manager directly owns no Shares. However, as a result of being in control of Capital, which wholly owns Commerce, Manager may be deemed to have shared voting
power over and thus beneficial ownership of the 1,846,154 Shares owned by Commerce pursuant to Rule 13d-3 under the Exchange Act. Pursuant to Rule 13d-4 under the Exchange Act, Manager disclaims all such beneficial ownership. Pursuant to the
internal structures of the Reporting Persons, Manager retains express, full and exclusive control over the voting and disposition of the shares owned by Commerce, which control is exercised by and thus shared with Mr. Sugarman and
Enterprises.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>6</SUP></FONT></TD>
<TD STYLE="padding-right: 13.5pt"><FONT STYLE="font-size: 8pt">Percentage based on 19,282,571 shares of the Registrant&rsquo;s voting common stock issued and outstanding as of April 6, 2020, as stated in the Form 10-K/A, which also states that on
such date 8,756,396 shares of the Registrant&rsquo;s non-voting common stock also were outstanding, none of which is owned by Manager.</FONT></TD></TR></TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">&nbsp;</P> </div>
 <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV> <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 34%; text-align: left">CUSIP No. 111444-10-5</TD>
<TD STYLE="width: 33%; text-align: center">13D</TD>
<TD STYLE="width: 33%; text-align: right">Page
5
 of 6</TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P> <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NAMES OF REPORTING
PERSONS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">The Capital Corps, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0">(a) <FONT
STYLE="font-family: Times New Roman, Times, Serif">&#9744;&#9;</FONT>(b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></P> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOURCE OF FUNDS (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) &#9744;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">United States</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD ROWSPAN="7" STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 15%; padding-left: 5.4pt; text-align: center; text-indent: -0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NUMBER
 OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</B></FONT></TD>
<TD STYLE="height: 15pt; width: 6%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7</B></FONT></TD>
<TD STYLE="height: 15pt; width: 79%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>7</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154<SUP>7</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154 (see Item
5)<SUP>7</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.57%<SUP>8</SUP></FONT></TD></TR>

<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>14</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TYPE OF REPORTING PERSON (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">HC</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">___________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>7</SUP></FONT></TD>
<TD STYLE="text-align: justify; padding-right: 11.55pt"><FONT STYLE="font-size: 8pt">As of the date hereof, Capital directly owns no Shares. However, as a result of being the wholly-owning direct parent of Commerce, Capital may be deemed to have
shared voting power over and thus beneficial ownership of the 1,846,154 Shares owned by Commerce pursuant to Rule 13d-3 under the Exchange Act. Pursuant to Rule 13d-4 under the Exchange Act, Capital disclaims all such beneficial
ownership.</FONT></TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>8</SUP></FONT></TD>
<TD STYLE="padding-right: 13.5pt"><FONT STYLE="font-size: 8pt">Percentage based on 19,282,571 shares of the Registrant&rsquo;s voting common stock issued and outstanding as of April 6, 2020, as stated in the Form 10-K/A, which also states that on
such date 8,756,396 shares of the Registrant&rsquo;s non-voting common stock also were outstanding, none of which is owned by Capital.</FONT></TD></TR></TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">&nbsp;</P> </div>
 <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV> <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
<TD STYLE="width: 34%; text-align: left">CUSIP No. 111444-10-5</TD>
<TD STYLE="width: 33%; text-align: center">13D</TD>
<TD STYLE="width: 33%; text-align: right">Page
6
 of 6</TD></TR></TABLE><P STYLE="margin: 0pt"></P></DIV>
 <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P> <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NAMES OF REPORTING
PERSONS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Commerce Home Mortgage, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0">(a) <FONT
STYLE="font-family: Times New Roman, Times, Serif">&#9744;&#9;</FONT>(b) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></P> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SEC USE ONLY</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>4</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOURCE OF FUNDS (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OO</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) &#9744;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CITIZENSHIP OR PLACE OF ORGANIZATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">United States</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD ROWSPAN="7" STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 15%; padding-left: 5.4pt; text-align: center; text-indent: -0.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NUMBER
 OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</B></FONT></TD>
<TD STYLE="height: 15pt; width: 6%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7</B></FONT></TD>
<TD STYLE="height: 15pt; width: 79%; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED VOTING POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SOLE DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10</B></FONT></TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARED DISPOSITIVE POWER</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,846,154 (see Item
5)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.57%<SUP>9</SUP></FONT></TD></TR>

<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>14</B></FONT></TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TYPE OF REPORTING PERSON (See
Instructions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="height: 15pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OO</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 3pt">___________</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 22.1pt"><FONT STYLE="font-size: 8pt"><SUP>9</SUP></FONT></TD>
<TD STYLE="padding-right: 13.5pt"><FONT STYLE="font-size: 8pt">Percentage based on 19,282,571 shares of the Registrant&rsquo;s voting common stock issued and outstanding as of April 6, 2020, as stated in the Form 10-K/A, which also states that on
such date 8,756,396 shares of the Registrant&rsquo;s non-voting common stock also were outstanding, none of which is owned by Commerce.</FONT></TD></TR></TABLE> </div>
 <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid">
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV> <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt"></P></DIV>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B></B>&nbsp;</P> <div style="width:8.5in; margin:0 auto">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center"></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3.2pt; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 54.9pt"><B>Item 1.</B></TD>
<TD><B>Security and Issuer</B></TD></TR></TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.35pt 0 0">This statement constitutes Amendment No. 3 to the Schedule 13D, as amended prior hereto, relating to shares of common stock, par
value $0.01 per share, of Broadway Financial Corporation (the &ldquo;Registrant&rdquo;), and hereby amends the Schedule 13D filed with the Securities and Exchange Commission (the &ldquo;Schedule 13D&rdquo;) to furnish the additional information set
forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings described to such terms in the Schedule 13D.</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 54.95pt"><B>Item 4.</B></TD>
<TD><B>Purpose of Transaction</B></TD></TR></TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.35pt 0 0">Item 4 of the Schedule 13D is hereby amended to add the following at the end thereof:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.35pt 0 0">On April 13, 2020, The Capital Corps, LLC (&ldquo;Capital Corps&rdquo;) delivered a letter (the &ldquo;Letter&rdquo;) to the Board of Directors of the Registrant (the
&ldquo;Board&rdquo;) proposing binding and non-binding provisions relating to the proposed acquisition by Capital Corps of the Registrant. The non-binding provisions include (i) the acquisition of all of the Registrant&rsquo;s outstanding shares of
common stock for (a) $48.8 million (the &ldquo;Purchase Price&rdquo;), or approximately $1.75 per share (representing a premium of approximately 33% to the 30-day average closing prices of the Registrant&rsquo;s common stock prior to the date of the
Letter), less (b) the sum of (1) all transaction-related expenses (as described in the Letter) over 2% of the Purchase Price plus (2) any reduction in the Registrant&rsquo;s book value subsequent to December 31, 2019 through the execution of the
definitive agreement relating to the proposed acquisition, (ii) Capital Corps and the Registrant will negotiate in good faith to agree upon a definitive agreement setting forth in detail the terms and conditions of definitive documents within 90
days of the full execution of the Letter (subject to extension) at the end of which the Letter will terminate, except for certain binding provisions. The Letter&rsquo;s non-binding provisions include the Registrant&rsquo;s conduct of business in the
ordinary course, waiver of the Registrant&rsquo;s &ldquo;poison pill&rdquo;, reasonable access to information, confidentiality, publicity and each party bearing its own costs.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.35pt 0 0">The potential acquisition would be subject to the approval of the Board and the shareholders of the Registrant and the Reporting Persons and the negotiation and execution of
mutually agreeable definitive transaction documents and certain other conditions contained in the Letter. Other conditions to closing would include, without limitation, regulatory approvals. No assurances can be given that any transaction will be
consummated, whether on the terms outlined in the Letter or at all.</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.35pt 0 0">The foregoing summary does not purport to be or contain a complete description of the Letter, a copy of
which is filed as Exhibit 99.3 to this Amendment No. 3 and incorporated herein by this reference.</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.35pt 0 0">Other than as described above, the Reporting Persons have no plans or
proposals which relate to or would result in any of the events described in (a) through (j) of Item 4, except as described herein and as follows. The Reporting Persons are continually reviewing their interest in the Registrant. Depending upon (i)
the Registrant&rsquo;s businesses, assets and prospects and the outcome of discussions with the Board regarding a potential acquisition, (ii) other plans and requirements of the Reporting Persons, (iii) general economic conditions and overall market
conditions and the ability of the Reporting Persons to carry out transactions without liability under Section 16 of the Securities and Exchange Act, (iv) the price at which shares of Common Stock are available for sale, and (v) availability of
alternative investment opportunities and the Reporting Persons&rsquo; investment strategy at the time, the Reporting Persons may seek to pursue the potential acquisition with the Registrant or to not pursue the potential acquisition and instead
decrease their holdings of Common Stock, and may seek to engage in communications with management or the Board of Directors of the Registrant or with other stockholders of the Registrant concerning the Issuer&rsquo;s businesses, prospects,
operations, strategy, personnel, directors, ownership and capitalization, and either individually or together with others may make additional proposals with respect to the Registrant that may involve one or more of the types of transactions
specified in clauses (a) through (j) of Item 4 of Schedule 13D.</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 0 0 6.3pt"><B>&nbsp;</B></P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 3.2pt; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD>
<TD STYLE="width: 55.9pt"><B>Item 7.</B></TD>
<TD><B>Material to be Filed as Exhibits</B></TD></TR></TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.2pt; padding-bottom: 0.35pt; text-align: center; white-space: nowrap; border-bottom: Black 1pt solid; width: 5%"><FONT STYLE="font-size: 10pt"><B>Exhibit<BR> No.</B></FONT></TD>
<TD STYLE="white-space: nowrap; width: 10%">&nbsp;</TD>
<TD STYLE="padding-top: 0.2pt; padding-bottom: 0.35pt; text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: Black 1pt solid; width: 85%"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 4.8pt; text-indent: 0in; white-space: nowrap"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 4.8pt; text-indent: 0in; white-space: nowrap"><FONT STYLE="font-size: 10pt">Letter from The Capital Corps, LLC to the Registrant dated April 13, 2020.</FONT></TD></TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0; text-indent: 0in">&nbsp;</P> </div> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center"></P>
 <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-top: 6pt; padding-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt"></P></DIV>
<DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"></P></DIV>
 <div style="width:8.5in; margin:0 auto"> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 3.2pt 250.9pt 0 250.55pt; text-align: center"><B>SIGNATURES</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 33.45pt 0 5.3pt; text-indent: 49.6pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and
correct.</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.3pt">Dated: April 13, 2020</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt"><B>SUGARMAN ENTERPRISES, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%; white-space: nowrap">&nbsp;</TD>
<TD STYLE="width: 1%; white-space: nowrap">&nbsp;</TD>
<TD STYLE="width: 49%; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">By:</TD>
<TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">/s/ Steven A. Sugarman</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">Name: Steven A. Sugarman</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">Title:&nbsp;&nbsp;&nbsp;President</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.25pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.25pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.25pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt"><B>TCC MANAGER, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap">By: Sugarman Enterprises, Inc., as its Manager</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap">By:</TD>
<TD STYLE="padding-top: 0.1pt; padding-bottom: 0.2pt; white-space: nowrap; border-bottom: Black 1pt solid">/s/ Steven A. Sugarman</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">Name: Steven A. Sugarman</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">Its:President</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.45pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.45pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.45pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt"><B>THE CAPITAL CORPS, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap">By:&nbsp;&nbsp;TCC Manager, LLC, as its Manager</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.05pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.05pt; white-space: nowrap">By:</TD>
<TD STYLE="padding-top: 0.05pt; white-space: nowrap; border-bottom: Black 1pt solid">/s/ Carlos P. Salas</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.05pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.05pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.05pt; white-space: nowrap">Name:&nbsp;&nbsp;Carlos P. Salas</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">Title:&nbsp;&nbsp;&nbsp;President</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.4pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt"><B>COMMERCE HOME MORTGAGE, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap">By:&nbsp;&nbsp;The Capital Corps, LLC, as its Manager</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap">By: TCC Manager, LLC, as its Manager</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap">By:</TD>
<TD STYLE="padding-top: 0.15pt; padding-bottom: 0.35pt; white-space: nowrap; border-bottom: Black 1pt solid">/s/ Carlos P. Salas</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.2pt; white-space: nowrap">Name: Carlos P. Salas</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.2pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.2pt; white-space: nowrap">Title:&nbsp;&nbsp;&nbsp;President</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-top: 0.45pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.45pt; white-space: nowrap">&nbsp;</TD>
<TD STYLE="padding-top: 0.45pt; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">/s/ Steven A. Sugarman</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">&nbsp;</TD>
<TD STYLE="white-space: nowrap">Steven A. Sugarman</TD></TR> </TABLE> </div> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
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STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit 99.1 </B></FONT></P>
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STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="margin: 0"></P> <P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">April 13, 2020</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Virgil Roberts, Board Chair</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Wayne-Kent A. Bradshaw, Chief Executive Officer</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Broadway Financial Corporation</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5055 Wilshire Boulevard, Suite 500</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Los Angeles, CA 90036</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
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<TD STYLE="width: 1in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Subject:</B></FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Offer to Acquire Broadway Financial Corporation</B></FONT></TD></TR></TABLE> <P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">Gentlemen:</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We are pleased to
submit this letter (the &ldquo;<B>Letter</B>&rdquo;) to set forth certain nonbinding understandings and binding agreements between The Capital Corps, LLC (&ldquo;<B>The Capital Corps</B>&rdquo; or the &ldquo;<B>Purchaser</B>&rdquo;) and Broadway
Financial Corporation (&ldquo;<B>Broadway</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;) relating to, amongst other things, the acquisition by The Capital Corps of the Company (the &ldquo;<B>Proposed Transaction</B>&rdquo;).</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Proposed Transaction would represent an important, positive outcome for Broadway and the
Los Angeles community&mdash;its underbanked populations in particular. Our goal is to enable Broadway Federal Bank, FSB (the &ldquo;<B>Broadway Federal Bank</B>&rdquo;) to continue to operate as a Minority Depository Institution and Community
Development Financial Institution headquartered in Los Angeles that serves minority and low-income communities. The Capital Corps intends to enable Broadway to better serve its existing clients and potential clients, including consumers and small
businesses, with expanded capabilities and services. Our leadership includes diverse, accomplished bankers and community leaders able to ensure Broadway remains well capitalized, well managed, and able to meet the unmet needs of Broadway&rsquo;s
market in the years to come.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Capital Corps is a Community Development Financial Institution certified by the United
States Department of the Treasury to expand access to capital to African-American, Hispanic/Latino, and low-income borrowers and communities. The Capital Corps and its wholly owned subsidiaries have approximately 500 employees in over three dozen
offices across ten states and have made thousands of loans to minority and low-income borrowers throughout Los Angeles and the broader region.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Capital Corps and
its leadership have closed and funded dozens of acquisitions totaling several billions of dollars. This includes the acquisition of multiple banks, thrifts, and their holding companies which have required the approval of the Federal Reserve Board
and Office of the Comptroller of the Currency (&ldquo;<B>OCC</B>&rdquo;). The Capital Corps plans to finance the Proposed Transaction with existing capital and capital from our financial partners. We intend to further improve the stability and
soundness of Broadway through the introduction of retail accounts to the bank to increase core deposits and improve the quality of the bank&rsquo;s overall funding. The Proposed Transaction, as we contemplate it, will result in Broadway Federal Bank
substantially reducing its concentration of commercial real estate mortgages, increasing its liquidity, and reducing its reliance on Federal Home Loan Bank borrowings. This will enable Broadway to better serve minority and low-income communities for
generations to come.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">https://www.thecapitalcorps.com</FONT></P> </div>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>PART I &ndash; NON-BINDING PROVISIONS</U></B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The following numbered paragraphs set
forth in Part I of this Letter (collectively, the &ldquo;<B>Nonbinding Provisions</B>&rdquo;) reflect our mutual understanding of the matters described in them, and are not intended to create or constitute any legally binding agreements between the
Purchaser and Company with respect to the Proposed Transaction or otherwise, and neither Purchaser nor Company shall have any liability to the other party with respect to the Nonbinding Provisions. If a form of definitive purchase agreement and
other related documents (collectively, the &ldquo;<B>Definitive Agreement</B>&rdquo;) is not prepared, authorized, executed or delivered for any reason with respect to the Proposed Transaction, no party to this Letter shall have any liability to any
other party to this Letter based upon the Nonbinding Provisions.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Execution of Definitive Agreement</U>. Purchaser and Company
will negotiate in good faith to agree upon a Definitive Agreement setting forth in detail the terms and conditions governing the Proposed Transaction, which terms and conditions will not be materially inconsistent with this Letter. If Purchaser and
Company are unable to negotiate and prepare a mutually agreeable Definitive Agreement within ninety (90) days following the date this Letter was signed by Seller, and this Letter is not extended by written agreement, this Letter will terminate and
neither Purchaser nor Company will have any further obligations or liability under this Letter, except with respect to Part II, paragraphs 5, 6, 7, 8, 9 and 10. The execution date of the Definitive Agreement shall be the &ldquo;<B>Execution
Date</B>&rdquo;.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Purchase Price</U>. Consistent with Purchaser&rsquo;s letters dated February 10, 2020 (the &ldquo;<B>Initial Letter</B>&rdquo;) and February 19, 2020,
Purchaser&rsquo;s will acquire Broadway for (a) $48.8 million (the &ldquo;<B>Purchase Price</B>&rdquo;), or approximately <B>$1.75</B> per share, <B><U>less</U></B> (b) the sum of (i) all Transaction-Related Expenses (defined below) over 2% of the
Purchase Price <B><U>plus</U></B> (ii) any reduction in Broadway&rsquo;s book value subsequent to December 31, 2019 through the execution of the Definitive Agreement. The Purchase Price represents a premium of approximately 33% to the 30-Day average
closing price of the Company&rsquo;s common stock.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&ldquo;Transaction-Related Expenses&rdquo; shall include professional fees, change-of-control obligations, or
severance liabilities incurred by Broadway since the date of the Initial Letter, including any extensions of change-of-control or severance obligations to management pursuant to amendments to or extensions of existing contracts. Reductions in book
value include, but are not limited to, reductions due to operating losses, credit losses, write-downs or write-offs of DTAs or net operating losses, loan impairments, litigation or other reserves, or other items that decrease book value pursuant to
generally accepted accounting principles.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Closing</U>. Purchaser and the Company will close the
transaction within thirty (30) days following the execution of the Definitive Agreements and receipt of all necessary shareholder and regulatory approvals. (the &ldquo;<B>Closing</B>&rdquo;).</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>PART II &ndash; BINDING PROVISIONS</U></B></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">Upon execution by the Company of this Letter or counterparts thereof, the following numbered paragraphs set forth in Part II of this Letter (collectively, the &ldquo;<B>Binding Provisions</B>&rdquo;)
will constitute the legally binding and enforceable agreement between Purchaser and Company in recognition of the significant cost to be borne by Purchaser and Company in pursuing the Proposed Transaction and further consideration of their mutual
undertakings as to the matters described herein.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
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<div style="width:8.5in;margin:0 auto"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nonbinding Provisions Not Enforceable</U>. The Nonbinding
Provisions set forth in Part I of this Letter do not create or constitute any legally binding obligation between Company and Purchaser, and neither Company nor Purchaser shall have any liability to the other party with respect to the Nonbinding
Provisions. If the Definitive Agreement is not prepared, authorized, executed or delivered for any reason, no party to this Letter shall have any liability to any other party to this Letter based upon, arising from, or relating to the Nonbinding
Provisions.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notification; Conduct of Business</U>. In consideration of the
substantial expenditures of time, effort, and expenses to be undertaken by Purchaser in pursuing the Proposed Transaction, Company agrees that during the period commencing on the date this Letter was signed by the Company and ending on the earlier
of the Execution Date and the termination of this Letter (the &ldquo;<B>Subject Period</B>&rdquo;), Company will promptly inform Purchaser if it, its representatives, or any of its subsidiaries initiates, communicates, or is approached with respect
to, or otherwise made aware of, any solicitation, discussions or inquiries concerning any acquisition of Company or any subsidiary of Company, the issuance of any securities of Company or any subsidiary of Company or any part of the assets or
properties of Company or any of its subsidiaries outside the ordinary course of its business, or any merger, consolidation, liquidation, dissolution or similar involving Company or any of its subsidiaries or their assets, or to assist in or
participate in, facilitate or encourage any efforts or attempts by any other person to do or seek to do any of the foregoing.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In addition, during the Subject Period,
Company will use commercially reasonable efforts and shall cause its subsidiaries to use commercially reasonable efforts to preserve intact their respective business organizations and the goodwill of customers, suppliers and others having business
relations with them.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver</U>. Based on the Company&rsquo;s desire to pursue the
proposed transaction and in consideration of the time and expense Purchaser will invest in furtherance of the proposed transaction prior to the execution of the Definitive Agreement, the Company and its Board of Directors agree to waive all
restrictions, limitations, penalties, and triggers applicable to the purchase of the Company&rsquo;s securities in the open market by Purchaser and its affiliates pursuant to the Company&rsquo;s Rights Agreement and Certificate of Designation dated
September 10, 2019. Purchaser understands it remains subject to all relevant laws and regulations relating to bank holding companies and securities transactions.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Access to Books and Records</U>. During the Subject Period,
Company agrees to provide Purchaser and its authorized representatives with reasonable access to the properties of Company and its subsidiaries upon reasonable prior notice and to make its management and other employees and agents and authorized
representatives (including counsel and independent public accountants) available to confer with Purchaser and its authorized representatives regarding the properties and business of Company and its subsidiaries, and Company agrees to disclose or
make available to Purchaser all books, papers and records relating to the assets, properties, operations, contracts, obligations and liabilities of Company and its subsidiaries, as Purchaser may from time to time reasonably request. Purchaser and
its representatives will conduct such investigations and inspections of Company and its subsidiaries in a reasonable and businesslike manner that will be least disruptive to the daily operations of Company and its subsidiaries, and in accordance
with law.</FONT></P> </div>
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<div style="width:8.5in;margin:0 auto"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality</U>. Purchaser and Company will, and will cause
their respective representatives to, hold in strict confidence and not disclose, without prior written consent of the other party, information (the &ldquo;<B>Confidential Information</B>&rdquo;), whether written or oral, that Purchaser and Company,
and their respective representatives, sources of capital, investors, officers, directors, consultants, advisors, agents or affiliates receive or have received from Company and Purchaser, respectively, or are or were privy to, which is not publicly
available, including, without limitations, (a) any information concerning the existence, terms or substance of this Letter, except as may be required by law or requested by a regulatory authority (including pursuant to Purchaser&rsquo;s obligations
with respect to filing a Form 13-D/A), (b) any information concerning the Proposed Transaction and (c) any information obtained by Purchaser or its representatives in the course of any due diligence of Company or its subsidiaries and affiliates,
except as may be required by law. This provision will not restrict Purchaser&rsquo;s ability to disclose Confidential Information to prospective equity owners or parties providing financing to Purchaser, provided that such persons agree to restrict
any further distribution thereof except as to their representatives, officers, directors, agents or affiliates for use in connection with the Proposed Transaction. The term &ldquo;Confidential Information&rdquo; does not include any information that
(i) at the time of disclosure or thereafter is generally available to and known by the public, (ii) was available on a nonconfidential basis from a source other than Company or Purchaser, as the case may be, or (iii) was independently acquired or
developed without violating any obligations under this Letter. The provisions of this paragraph will survive any termination of this Letter or the Definitive Agreement.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Publicity</U>. It is understood that, except as otherwise required by law or regulation Purchaser and Company will not make, and they will use their
respective best efforts to cause their representatives, officers, directors, agents or affiliates to refrain from making any public disclosure with respect to the execution of this Letter or the transactions contemplated hereby, until such time as
to the parties have executed a Definitive Agreement or such disclosure is determined in good faith to be required by such party under applicable law. Any press release or other public disclosures relating to the execution of the Definitive Agreement
shall be made as specified in the Definitive Agreement. The provisions of this paragraph will survive any termination of this Letter or the Definitive Agreement.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>. Each party hereto shall pay its own costs and expenses incurred in connection with the negotiation, preparation of agreements and
consummation of the Proposed Transaction, including, but not limited to all fees and expenses of their respective agents, representatives, counsel and accountants. The provisions of this paragraph will survive any termination of this Letter or the
Definitive Agreement.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment, Modification or Extension</U>. The Binding
Provisions of this Letter may not be amended, modified, or extended, nor may any of its terms be waived, except by a written instrument signed by all of the parties hereto.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Multiple Counterparts</U>. For the convenience of the parties hereto, this Letter may be executed in multiple counterparts, each of which will be
deemed an original, and all counterparts hereof so executed by the parties hereto, whether or not such counterpart will bear the execution of each of the parties hereto, will be deemed to be, and will be construed as, one and the same. A telecopy or
facsimile transmission of a signed counterpart of this Letter shall be sufficient to bind the party or parties whose signature(s) appear thereon.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> </div>
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<div style="width:8.5in;margin:0 auto"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<U>Effective Date; Termination</U>.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Letter will be effective only if (i) it is executed by
Company and (ii) a fully executed copy of the Letter is returned to Purchaser on or before the date and time set forth below.<SUP>i</SUP></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Letter may be terminated by mutual written consent at any
time or by written notice of one party to the other if the Definitive Agreement shall not have been executed and delivered by the date ninety (90) days after the date this Letter was signed by Company. Upon termination of this Letter in accordance
with its terms, neither Purchaser nor Company shall have any further obligation or liability hereunder, except with respect to paragraphs 5, 6, 7, 8, 9 and 10, which shall survive any such termination; provided, however, that the termination of this
Letter shall not affect the liability of a party of a breach of any of the Binding Provisions set forth in Part II prior to such termination. It is understood that this Letter will also terminate upon execution and delivery of the Definitive
Agreement.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain Representations</U>. By executing this letter
of intent, (i) Company represents and warrants that there are no agreements regarding the issuance of shares or membership interests of the Company, or a sale, acquisition or merger of Company or other material assets or shares of Company, except
for this Letter, and that Company is under no obligation to acquire a material amount of assets from a third party, (ii) that it intends to act in good faith and deal fairly with Purchasers in negotiating a Definitive Agreement consistent with all
the terms outlined in this letter, and (iii) each party represents and warrants that it is duly authorized to execute this Letter, that the Letter has been validly executed and delivered and that the Letter, to the extent provided herein, is a valid
and binding obligation of such party enforceable in accordance with its terms, and does not conflict with or violate any agreement with any other person.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">*&nbsp;&nbsp;&nbsp;&#9;*&nbsp;&nbsp;&nbsp;&#9;*&nbsp;&nbsp;&nbsp;&#9;*</FONT></P>
</div>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
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<TR>
<TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
<div style="width:8.5in;margin:0 auto"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The non-binding indication of interest expressed in this Agreement is applicable only until 5:00 pm on
April 20, 2020, at which point if we haven&rsquo;t heard from you, we will treat it as withdrawn.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD STYLE="width: 43%; padding-right: 5.4pt; padding-left: 0pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sincerely,</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P></TD>
<TD STYLE="width: 49%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><U>&nbsp;/s/ Antonio Villaraigosa</U></FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><U>&nbsp;/s/ Everett Bell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Mayor Antonio Villaraigosa</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Rev. Everett Bell</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Board Chair&#9;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Community Advisory Board Chair</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Capital Corps, LLC</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Capital Corps, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><U>/s/&nbsp;Thedora Nickel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><U>/s/&nbsp;Carlos Salas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Thedora Nickel</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Carlos Salas</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Executive Director</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Director, The Capital Corps, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Capital Corps, LLC</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Board Chair, Commerce Home Mortgage, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">cc:</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Jeffrey J. Wishner</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Keefe, Bruyette &amp; Woods</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR> </TABLE> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">Agreed and Accepted:</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">April __, 2020<BR> <BR></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">By: _________________________</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">Name:</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Company:</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Title:</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT
STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;<BR STYLE="clear: both"></FONT></P> </div>
 <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid">
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<div style="width:8.5in;margin:0 auto"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P> <HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><SUP>i </SUP>Broadway&rsquo;s disclosures in its recently issued Form 10-K Annual Report raise important
issues concerning the timing and urgency of the Proposed Transaction. An extended process could introduce significant risks to the Proposed Transaction as well as to Broadway&rsquo;s shareholders. Therefore, this offer letter is time sensitive as is
the consummation of the Proposed Transaction.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In particular, the disclosures relating to
Broadway&rsquo;s potential inability to obtain and retain sufficient operating cash at its holding company and the foreseeable impacts of the COVID-19 pandemic on Broadway&rsquo;s future financial condition and operations highlight increasing risks
to Broadway shareholders, to the Purchasers, and to the Proposed Transaction over time. We are concerned that based on Broadway&rsquo;s operating losses for the fiscal year 2019 and the economic distress in the financial markets and Los Angeles
economy resulting from the COVID-19 pandemic, the value of Broadway&rsquo;s Deferred Tax Asset (&ldquo;<B>DTA</B>&rdquo;) may be put at risk, unnecessarily, should Broadway continue to delay negotiations with Purchasers in favor of reporting
additional quarters of negative net income. This would jeopardize Broadway&rsquo;s book value and the value of The Capital Corps&rsquo; offer. As of December 31, 2019, Broadway&rsquo;s DTA is valued at $5.22 million or approximately $0.18 per share.
The Capital Corps seeks to conduct an expeditious process and close the Proposed Transaction without unnecessary delays. This provides Broadway and its shareholders the greatest opportunity to preserve the value of its DTA should its operating
results continue to suffer, thereby keeping the value of Broadway intact for potential acquirers.</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Moreover, The Capital Corps is concerned that Broadway&rsquo;s liquidity is at risk, or, at a minimum,
Broadway&rsquo;s ability to meet existing obligations to debtholders at its holding company may be based solely on the willingness of the Office of the Comptroller of the Currency (&ldquo;<B>OCC</B>&rdquo;) to grant multiple, discretionary approvals
of required regulatory applications Broadway must submit under the OCC&rsquo;s capital distribution regulations. As of December 31, 2019, Broadway maintained approximately $134 thousand in cash and cash equivalents and $4.335 million in junior
subordinated debentures (the &ldquo;<B>Subordinated Debentures</B>&rdquo;) at its holding company. The Subordinated Debentures require repayment of $1.02 million of principal in each of 2020, 2021, 2022 and 2023 as well as the payment of quarterly
interest. Bank regulations require Broadway Federal Bank to make an application to the OCC for approval to pay a dividend to Broadway&rsquo;s holding company if Broadway seeks to make capital distributions from the bank that exceed the bank&rsquo;s
net income in that year plus its retained income for the preceding two years. Broadway&rsquo;s net income was ($206) thousand and $815 thousand in 2019 and 2018, respectively. Meanwhile, Broadway Federal Bank paid dividends to its holding company
totaling $2.25 million in 2019 and 2018 against cumulative net income of $609 thousand during that two-year period, resulting in retained earnings of ($1.65) million during the period. Broadway will have to earn significant positive net income in
2020 to ensure the Company is able to meet its obligations under the Subordinated Debentures.</FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
liquidity challenges at Broadway&rsquo;s holding company are made more difficult and uncertain by the expected negative impacts of the COVID-19 pandemic on Broadway&rsquo;s business and the risk that during a period of global economic distress the
OCC becomes unwilling to allow Broadway to shrink its balance sheet and pay excess dividends from the bank to its holding company to pay off debt holders.</FONT></P> </div> <P STYLE="margin: 0"></P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
