<SEC-DOCUMENT>0001144204-14-011601.txt : 20140226
<SEC-HEADER>0001144204-14-011601.hdr.sgml : 20140226
<ACCEPTANCE-DATETIME>20140226084029
ACCESSION NUMBER:		0001144204-14-011601
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20140225
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140226
DATE AS OF CHANGE:		20140226

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WIDEPOINT CORP
		CENTRAL INDEX KEY:			0001034760
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				522040275
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33035
		FILM NUMBER:		14642897

	BUSINESS ADDRESS:	
		STREET 1:		7926 JONES BRANCH DRIVE, SUITE 520
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102
		BUSINESS PHONE:		(703) 349-2577

	MAIL ADDRESS:	
		STREET 1:		7926 JONES BRANCH DRIVE, SUITE 520
		CITY:			MCLEAN
		STATE:			VA
		ZIP:			22102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZMAX CORP
		DATE OF NAME CHANGE:	19970530
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v369784_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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

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

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>FORM
8-K</B></FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>Pursuant
to Section 13 or 15(d) of the</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>Securities
Exchange Act of 1934</B></FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>Date
of Report (Date of earliest event reported): February 25, 2014</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>_________________</B></FONT></P>

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal"><B>WIDEPOINT
CORPORATION</B></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-style: normal">(Exact
Name of Registrant as Specified in Charter)</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="width: 34%; font-size: 10pt; text-align: center"><B>001-33035</B></TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center"><B>52-2040275</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font-size: 10pt; text-align: center">(I.R.S. Employer<BR>
Identification No.)</TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt; width: 67%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>7926 Jones Branch Drive, Suite 520, McLean, Virginia</B></FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt; width: 33%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>22102</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address of Principal Executive Office)</FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Registrant&rsquo;s telephone number, including area code: <B>(703) 349-2577</B></P>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 1.01 Entry Into a Material Definitive
Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On February 26, 2014,
WidePoint Corporation (the &ldquo;Company&rdquo;) entered into an underwriting agreement (the &ldquo;Underwriting Agreement&rdquo;)
with B. Riley &amp; Co., LLC (the &ldquo;Underwriter&rdquo;) relating to an underwritten public offering of 7,876,497 shares (the
&ldquo;Shares&rdquo;) of the Company&rsquo;s common stock, par value $0.001 per Share (the &ldquo;Offering&rdquo;). All of the
Shares are being sold by the Company. The price to the public is $1.38 per Share, and the Underwriter has agreed to purchase the
Shares from the Company pursuant to the Underwriting Agreement at a price of $1.2972 per Share. Under the terms of the Underwriting
Agreement, the Company has granted the Underwriter an option to purchase up to an additional 1,181,475 shares of common stock on
the same terms within 30 days from the date of the Underwriting Agreement to cover over-allotments, if any. The net proceeds from
the sale of the Shares, after deducting the Underwriters&rsquo; discount and other offering expenses, are expected to be approximately
$10.0 million.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Offering is being
made pursuant to the Company&rsquo;s shelf registration statement on Form S-3 (Registration No. 333-193250) filed with the Securities
and Exchange Commission and declared effective on February 5, 2014. A prospectus supplement relating to the Offering has been filed
with the Securities and Exchange Commission. The closing of the Offering is expected to take place on or about February 28, 2014,
subject to the satisfaction of customary closing conditions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Underwriting Agreement
contains customary representations, warranties, and agreements by the Company, and customary conditions to closing, indemnification
obligations of the Company and the Underwriter, including for liabilities under the Securities Act of 1933, as amended (the &ldquo;Securities
Act&rdquo;), other obligations of the parties, and termination provisions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Underwriting Agreement
is attached hereto as an exhibit to provide investors and security holders with information regarding its terms. It is not intended
to provide any other factual information about the Company. The representations, warranties and covenants contained in the Underwriting
Agreement were made only for purposes of the Underwriting Agreement and as of specific dates, were solely for the benefit of the
parties to the Underwriting Agreement, and may be subject to limitations agreed upon by the contracting parties, including being
qualified by confidential disclosures exchanged between the parties in connection with the execution of the Underwriting Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A copy of the Underwriting
Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The description of
the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 7.01 Regulation FD Disclosure </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s
press releases, dated February 25, 2014 and February 26, 2014, announcing the commencement and pricing of the Offering, respectively,
are filed as Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K and are incorporated herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information in
this item shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934 (the &ldquo;Exchange
Act&rdquo;), or otherwise subject to the liabilities of Section 18, nor shall it be deemed incorporated by reference in any of
the Company&rsquo;s filings under the Securities Act or the Exchange Act, except to the extent, if any, expressly set forth by
specific reference in such filing.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">Exhibit 1.1</TD>
    <TD STYLE="width: 85%">Underwriting Agreement dated as of February 26, 2014 among WidePoint Corporation and B. Riley &amp; Co., LLC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 5.1</TD>
    <TD>Opinion of Foley &amp; Lardner LLP regarding legality of securities.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 23.1</TD>
    <TD>Consent of Foley &amp; Lardner LLP (included in Opinion filed as Exhibit 5.1).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 99.1</TD>
    <TD>Press release dated February 25, 2014.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Exhibit 99.2</TD>
    <TD>Press release dated February 26, 2014.</TD></TR>
</TABLE>


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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><B>WIDEPOINT CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ James T. McCubbin</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: February 26, 2014</TD>
    <TD>James T. McCubbin</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer</TD></TR>
</TABLE>


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

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

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<SEQUENCE>2
<FILENAME>v369784_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: right; margin-bottom: 0">EXECUTION COPY</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>9,057,972 Shares of Common Stock</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">February <FONT STYLE="font-size: 10pt">26</FONT>,
2014</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">B. Riley &amp; Co., LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11100 Santa Monica Boulevard</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Los Angeles, CA 90025</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WidePoint Corporation, a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;), proposes to issue and sell to B. Riley &amp; Co., LLC (the &ldquo;<B>Underwriter</B>&rdquo;),
pursuant to this Underwriting Agreement (this &ldquo;<B>Agreement</B>&rdquo;) an aggregate of 7,876,497 shares (the &ldquo;<B>Firm
Shares</B>&rdquo;) of common stock, $0.001 par value (the &ldquo;<B>Common Stock</B>&rdquo;), of the Company. In addition, the
Company proposes to grant to the Underwriter the option to purchase from the Company up to an additional 1,181,475<FONT STYLE="font-size: 10pt">
</FONT>shares of Common Stock (the &ldquo;<B>Additional Shares</B>&rdquo;). The Firm Shares and the Additional Shares are hereinafter
collectively referred to as the &ldquo;<B>Shares</B>.&rdquo; The Shares are described in the Prospectus which is referred to below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company and the Underwriter agree as
follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>1.&#9;<U>Sale and Purchase</U></B>. On
the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set
forth, the Company agrees to issue and sell the Firm Shares to the Underwriter, and the Underwriter agrees to purchase from the
Company the Firm Shares. The pricing terms of the purchase of the Firm Shares by the Underwriter and the pricing terms of the offering
of the Firm Shares to the public are as set forth in <U>Schedule A</U> hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, the Company hereby grants to
the Underwriter the option to purchase, and upon the basis of the representations, warranties and agreements contained herein and
subject to the terms and conditions herein set forth, the Underwriter shall have the right to purchase from the Company, all or
a portion of the Additional Shares at the same purchase price per share to be paid by the Underwriter to the Company for the Firm
Shares. This option may be exercised by the Underwriter at any time and from time to time on or before the thirtieth (30th) day
following the date hereof, by written notice to the Company. Such notice shall set forth the aggregate number of Additional Shares
as to which the option is being exercised, and the date and time when the Additional Shares are to be delivered (such date and
time being herein referred to as the &ldquo;<B>Additional Time of Purchase</B>&rdquo;); <I>provided</I>, <I>however</I>, that the
Additional Time of Purchase shall not be earlier than the Time of Purchase (as defined below) nor earlier than the second (2<SUP>nd</SUP>)
business day after the date on which the option shall have been exercised nor later than the tenth (10<SUP>th</SUP>) business day
after the date on which the option shall have been exercised.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>2.&#9;<U>Payment and Delivery</U></B>.
Payment of the purchase price for the Firm Shares shall be made to the Company by Federal Funds wire transfer against delivery
of the certificates for the Firm Shares to the Underwriter through the facilities of The Depository Trust Company (&ldquo;<B>DTC</B>&rdquo;)
for the account of the Underwriter. Such payment and delivery shall be made at 10:00 A.M., New York time, on February 28, 2014
(the &ldquo;<B>Closing Date</B>&rdquo;) (unless another time shall be agreed to by the Underwriter and the Company). The time at
which such payment and delivery are to be made is hereinafter sometimes called the &ldquo;<B>Time of Purchase</B>.&rdquo; Electronic
transfer of the Firm Shares shall be made to the Underwriter at the Time of Purchase in such names and in such denominations as
the Underwriter shall specify.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Payment of the purchase price for the Additional
Shares shall be made at the Additional Time of Purchase in the same manner and at the same office as the payment for the Firm Shares.
Electronic transfer of the Firm Shares shall be made to the Underwriter at the Time of Purchase in such names and in such denominations
as the Underwriter shall specify. The Time of Purchase and the Additional Time of Purchase are sometimes referred to herein as
the &ldquo;<B>Closing Dates</B>.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Deliveries of the documents described in
<U>Section 6</U> hereof with respect to the purchase of the Shares shall be made at the offices of Troutman Sanders LLP, counsel
for the Underwriter, located at 5 Park Plaza, Suite 1400, Irvine, California, at 10:00 A.M., New York time, on the date of the
closing of the purchase of the Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>3.&#9;<U>Representations and Warranties
of the Company</U></B>. The Company represents and warrants to, and agrees with, the Underwriter that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;<U>Filing of Registration
Statement</U>. The Company has prepared and filed in conformity with the requirements of the Securities Act of 1933, as amended
(the &ldquo;<B>Securities Act</B>&rdquo;), and published rules and regulations thereunder (the &ldquo;<B>Rules and Regulations</B>&rdquo;)
adopted by the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) a &ldquo;shelf&rdquo; Registration Statement
(as hereinafter defined) on Form S-3 (File No.&nbsp;333-193250, which became effective as of February 5, 2014 (the &ldquo;<B>Effective
Date</B>&rdquo;), including a base prospectus dated January 31, 2014 relating to the securities registered pursuant to such Registration
Statement (the &ldquo;<B>Base Prospectus</B>&rdquo;), and such amendments and supplements thereto as may have been required to
the date of this Agreement. The term &ldquo;<B>Registration Statement</B>&rdquo; as used in this Agreement means the registration
statement (including all exhibits, financial schedules and all documents and information deemed to be a part of the Registration
Statement pursuant to Rule 430A and Rule 430B of the Rules and Regulations), as amended and/or supplemented prior to the date of
this Agreement, including the Base Prospectus. The Registration Statement is effective under the Securities Act and no stop order
preventing or suspending the effectiveness of the Registration Statement or suspending or preventing the use of the Prospectus
(as defined below) has been issued by the Commission and no proceedings for that purpose have been instituted or are threatened
by the Commission. The Company, if required by the Rules and Regulations of the Commission, will file the Prospectus with the Commission
pursuant to Rule 424(b) of the Rules and Regulations. The term &ldquo;<B>Prospectus</B>&rdquo; as used in this Agreement means
the final prospectus, in the form in which it is to be filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations
(including the Base Prospectus) pursuant to <U>Section&nbsp;4(a)</U>, or, if the Prospectus is not to be filed with the Commission
pursuant to Rule 424(b), the Prospectus in the form included as part of the Registration Statement as of the Effective Date, except
that if any revised prospectus, prospectus supplement or preliminary prospectus supplement shall be provided to the Underwriter
by the Company for use in connection with the offering and sale of the Shares which differs from the Prospectus (whether or not
such revised prospectus, prospectus supplement or preliminary prospectus supplement is required to be filed by the Company pursuant
to Rule 424(b) of the Rules and Regulations), the term &ldquo;<B>Prospectus</B>&rdquo; shall refer to such revised prospectus,
prospectus supplement or preliminary prospectus supplement, as the case may be (including any Preliminary Prospectus, as defined
below, together with the Base Prospectus), from and after the time it is first provided to the Underwriter for such use (or in
the form first made available to the Underwriter by the Company to meet requests of prospective purchasers pursuant to Rule 173
of the Rules and Regulations). The term &ldquo;<B>Preliminary Prospectus</B>&rdquo; means any preliminary prospectus relating to
the securities included in the Registration Statement or filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations,
including any preliminary prospectus supplement thereto relating to the Shares. Any reference herein to the Registration Statement
or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item&nbsp;12
of Form S-3 which were filed under the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;), on
or before the last to occur of the Effective Date, or the date of the Prospectus, and any reference herein to the terms &ldquo;amend,&rdquo;
&ldquo;amendment,&rdquo; or &ldquo;supplement&rdquo; with respect to the Registration Statement or the Prospectus shall be deemed
to refer to and include (i)&nbsp;the filing of any document under the Exchange Act after the Effective Date or the date of the
Prospectus, as the case may be, which is incorporated by reference and (ii) any such document so filed. If the Company has filed
an abbreviated registration statement to register additional securities pursuant to Rule 462(b) under the Rules and Regulations
(the &ldquo;<B>462(b) Registration Statement</B>&rdquo;), then any reference herein to the Registration Statement shall also be
deemed to include such 462(b) Registration Statement. The Company and the transactions contemplated by this Agreement meet the
requirements and comply with the conditions for the use of Form S-3 under the Securities Act. The offering of the Shares by the
Company complies with the applicable requirements of Rule 415 under the Securities Act.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;<U>Contents of Disclosure
Package; Certain Defined Terms</U>. As of the Applicable Time (as defined below) and the Time of Purchase and any Additional Time
of Purchase, as the case may be, none of (i) any General Use Free Writing Prospectus (as defined below) issued at or prior to the
Time of Purchase, and the Pricing Prospectus (as defined below) and the information included on <U>Exhibit A</U> hereto, all considered
together (collectively, the &ldquo;<B>General Disclosure Package</B>&rdquo;) or (ii) any individual Limited Use Free Writing Prospectus
(as defined below) issued at or prior to the Time of Purchase and any Additional Time of Purchase, as the case may be, included
or will include, any untrue statement of a material fact or omitted or will omit, to state a material fact necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading; <I>provided, however</I>,
that the Company makes no representations or warranties as to information contained in or omitted from any Issuer Free Writing
Prospectus, in reliance upon, and in conformity with, written information furnished to the Company by or on behalf of the Underwriter
specifically for inclusion therein, which information the parties hereto agree is limited to the &ldquo;<B>Underwriter&rsquo;s
Information</B>&rdquo; which is defined as the information set forth in <U>Section 16</U>. As used in this <U>paragraph (b) </U>and
elsewhere in this Agreement:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;<B>Applicable Time</B>&rdquo; means 8:00 A.M.
New York time, on February <FONT STYLE="font-size: 10pt">26</FONT>, 2014.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;<B>General Use Free Writing Prospectus</B>&rdquo;
means any Issuer Free Writing Prospectus that is identified on <U>Exhibit A</U> to this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;<B>Issuer Free Writing Prospectus</B>&rdquo;
means any &ldquo;<B>issuer free writing prospectus</B>,&rdquo; as defined in Rule 433 of the Rules and Regulations relating to
the Shares in the form filed or required to be filed with the Commission or, if not required to be filed, in the form retained
in the Company&rsquo;s records pursuant to Rule 433(g) of the Rules and Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;<B>Limited Use Free Writing Prospectuses</B>&rdquo;
means any Issuer Free Writing Prospectus that is not a General Use Free Writing Prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;<B>Pricing Prospectus</B>&rdquo; means the
Preliminary Prospectus, if any, and the Base Prospectus as amended and supplemented immediately prior to the Applicable Time, including
any document incorporated by reference therein and any prospectus supplement deemed to be a part thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#9;<U>Stop Order</U>. No order
preventing or suspending the use of any Issuer Free Writing Prospectus or the Prospectus relating to the offering of Shares (the
&ldquo;<B>Offering</B>&rdquo;) has been issued by the Commission, and no proceeding for that purpose or pursuant to Section 8A
of the Securities Act has been instituted or threatened by the Commission.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#9;<U>Contents of Registration
Statement</U>. At the time the Registration Statement became effective, at the date of this Agreement and as of the Time of Purchase
and any Additional Time of Purchase, as the case may be, the Registration Statement conformed and will conform in all material
respects to the requirements of the Securities Act and the Rules and Regulations and did not and will not contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein
not misleading; each Preliminary Prospectus (if any), at the time of filing thereof, conformed in all material respects to the
requirements of the Securities Act and the Rules and Regulations, and did not contain an untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; the Prospectus, at the time the Prospectus was issued and as of the Time of Purchase
and any Additional Time of Purchase, as the case may be, conformed and will conform in all material respects to the requirements
of the Securities Act and the Rules and Regulations and did not and will not contain an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they
were made, not misleading; <I>provided, however</I>, that the foregoing representations and warranties in this <U>paragraph (d)</U>
shall not apply to information contained in or omitted from the Registration Statement or the Prospectus in reliance upon, and
in conformity with, written information furnished to the Company by or on behalf of the Underwriter specifically for inclusion
therein, which information the parties hereto agree is limited to the Underwriter&rsquo;s Information.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#9;<U>Contents of Free Writing
Prospectus</U>. Each Issuer Free Writing Prospectus, if any, as of its issue date and at all subsequent times through the completion
of the public offer and sale of the Shares or until any earlier date that the Company notified or notifies the Underwriter as described
in <U>Section&nbsp;4(e)</U>, did not, does not and will not include any information that conflicted, conflicts or will conflict
with the information contained in the Registration Statement, the Pricing Prospectus or the Prospectus, including any document
incorporated by reference therein and any prospectus supplement deemed to be a part thereof that has not been superseded or modified,
or includes an untrue statement of a material fact or omitted or would omit to state a material fact required to be stated therein
or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
The foregoing sentence does not apply to statements in or omissions from any Issuer Free Writing Prospectus in reliance upon, and
in conformity with, written information furnished to the Company by or on behalf of the Underwriter specifically for inclusion
therein, which information the parties hereto agree is limited to the Underwriter&rsquo;s Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#9;<U>Incorporated Documents</U>.
The documents incorporated by reference in any Preliminary Prospectus and the Prospectus, when they became effective or were filed
with the Commission, as the case may be, conformed in all material respects to the requirements of the Securities Act or the Exchange
Act, as applicable, the Rules and Regulations and the rules and regulations of the Commission under the Exchange Act and none of
such documents contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; and any
further documents so filed and incorporated by reference in any Preliminary Prospectus and the Prospectus, when such documents
become effective or are filed with the Commission, as the case may be, will conform in all material respects to the requirements
of the Securities Act or the Exchange Act, as applicable, the Rules and Regulations and the rules and regulations of the Commission
under the Exchange Act and will not contain any untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#9;<U>Not an Ineligible Issuer;
Distributed Materials; Filing of Free Writing Prospectus</U>. The Company is not an &ldquo;ineligible issuer&rdquo; in connection
with the Offering pursuant to Rules 164, 405 and 433 under the Securities Act. The Company has not, directly or indirectly, distributed
and will not distribute any offering material in connection with the Offering other than any Preliminary Prospectus, the Prospectus,
the Pricing Prospectus and other materials, if any, permitted under the Securities Act and consistent with <U>Section&nbsp;4(b)</U>
below. The Company will file with the Commission all Issuer Free Writing Prospectuses (other than a &ldquo;road show,&rdquo; as
defined in Rule 433(d)(8) of the Rules and Regulations), if any, in the time and manner required under Rules 163(b)(2) and 433(d)
of the Rules and Regulations.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#9;<U>Due Incorporation</U>.
Each of the Company and its Subsidiaries (as defined below) has been duly organized and is validly existing as a corporation or
other legal entity in good standing (or the foreign equivalent thereof) under the laws of its jurisdiction of incorporation or
organization. Each of the Company and its Subsidiaries is duly qualified to do business and is in good standing as a foreign corporation
or other legal entity in each jurisdiction in which its ownership or lease of its properties or the conduct of its business requires
such qualification and has all power and authority (corporate or other) necessary to own or hold its properties and to conduct
the businesses in which each is engaged, except where the failure to so qualify or have such power or authority (i) would not have,
singularly or in the aggregate, a material adverse effect on the condition (financial or otherwise), results of operations, assets
or business of the Company and its Subsidiaries, taken as a whole, or (ii) impair in any material respect the ability of the Company
to perform its obligations under this Agreement or to consummate any transactions contemplated by this Agreement, the General Disclosure
Package or the Prospectus (any such effect as described in clauses (i) or (ii), a &ldquo;<B>Material Adverse Effect</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#9;<U>Subsidiaries</U>. The
Company owns or controls, directly or indirectly, only the corporations, partnerships, or other entities listed on <U>Schedule&nbsp;B</U>
attached hereto (each a &ldquo;<B>Subsidiary</B>&rdquo; and, collectively, the &ldquo;<B>Subsidiaries</B>&rdquo;) and has indicated
on <U>Schedule&nbsp;B</U> which Subsidiaries would constitute a &ldquo;significant subsidiary&rdquo; of such person within the
meaning of Rule 1-02 of Regulation S-X of the Commission (&ldquo;<B>Company Significant Subsidiary</B>&rdquo;). The membership
interests or capital stock, as applicable, of each Subsidiary have been duly authorized and validly issued, are fully paid and
nonassessable and, except to the extent set forth in the General Disclosure Package, are owned by the Company directly, free and
clear of any claim, lien, encumbrance, security interest, restriction upon voting or transfer or any other claim of any third party.
There are no outstanding subscriptions, options, warrants, calls, commitments or agreements of any character whatsoever providing
for the purchase or issuance of any Company Significant Subsidiary&rsquo;s capital stock or any securities representing the right
to purchase or otherwise receive any shares of such Company Significant Subsidiary&rsquo;s capital stock. Except in respect of
the Subsidiaries, the Company does not own beneficially, directly or indirectly, more than 5% of any class of equity securities
or similar interests of any corporation, bank, business trust, association or similar organization, and is not, directly or indirectly,
a partner in any partnership or party to any joint venture.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#9;<U>Due Authorization</U>.
The Company has the full right, power and authority to enter into this Agreement and to perform and to discharge its obligations
hereunder; and this Agreement has been duly authorized, executed and delivered by the Company.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#9;<U>The Shares</U>. The
Shares to be issued and sold by the Company to the Underwriter have been duly and validly authorized and the Shares, when issued
and delivered against payment therefor as provided herein will be duly and validly issued, fully paid and non-assessable and free
of any preemptive or similar rights and will conform to the description thereof contained in the General Disclosure Package and
the Prospectus. The Shares will be issued in compliance with all federal and state securities laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#9;<U>Capitalization</U>.
The authorized capital stock of the Company conforms as to legal matters to the description thereof contained in each of the Registration
Statement, the General Disclosure Package and the Prospectus. The shares of Common Stock outstanding prior to the issuance of the
Shares have been duly authorized and are validly issued, fully paid and non-assessable. Since the date provided in the General
Disclosure Package, the Company has not issued any equity securities, other than Common Stock issued pursuant to the exercise of
stock options previously outstanding under the Company&rsquo;s stock option plans or the issuance of Common Stock pursuant to employee
stock purchase plans. All of the Company&rsquo;s options, warrants and other rights to purchase or exchange any securities for
shares of the Company&rsquo;s capital stock have been duly authorized and validly issued and were issued in compliance in all material
respects with United States federal and applicable state securities laws. None of the outstanding shares of Common Stock was issued
in violation of any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase securities
of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#9;<U>No Default, Termination
or Lien</U>. The execution, delivery and performance of this Agreement by the Company, the issuance, sale and delivery of the Shares
by the Company, the consummation of the transactions contemplated hereby and thereby, and compliance by the Company with the terms
of this Agreement, will not (with or without notice or lapse of time or both) conflict with or result in a breach or violation
of any of the terms or provisions of, constitute a default or Debt Repayment Triggering Event (as defined below) under, give rise
to any right of termination or other right or the cancellation or acceleration of any right or obligation or loss of a benefit
under, or give rise to the creation or imposition of any lien, encumbrance, security interest, claim or charge upon any property
or assets of the Company or any Subsidiary pursuant to, any indenture, mortgage, deed of trust, loan agreement or other agreement
or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is
bound or to which any of the property or assets of the Company or any of its Subsidiaries is subject, nor will such actions result
in any violation of the provisions of the charter or by-laws (or analogous governing instruments, as applicable) of the Company
or any of its Subsidiaries or any law, statute, rule, regulation, judgment, order or decree of any court or governmental agency
or body, domestic or foreign, having jurisdiction over the Company or any of its Subsidiaries or any of their properties or assets.
A &ldquo;<B>Debt Repayment Triggering Event</B>&rdquo; means any event or condition that gives, or with the giving of notice or
lapse of time would give the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder&rsquo;s
behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or
any of its Subsidiaries.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#9;<U>No Conflict; No Consents</U>.
The execution and delivery by the Company of, and the performance by the Company of its obligations under, this Agreement will
not contravene any provision of (i) applicable law; (ii) the certificate of incorporation or by-laws (or analogous organizational
documents) of the Company or any of its Subsidiaries; (iii) any agreement or other instrument binding upon the Company or any of
its Subsidiaries that is material to the Company and its Subsidiaries, taken as a whole; or (iv) any judgment, order or decree
of any governmental body, agency or court having jurisdiction over the Company or any of its Subsidiaries except, in the cases
of clauses (i) and (iii) above for any such contravention that would not have a Material Adverse Effect, and no consent, approval,
authorization or order of, or qualification with, any governmental body or agency is required for the performance by the Company
of its obligations under this Agreement, except such as may be required by the securities or Blue Sky laws of the various states
or the by-laws, rules and regulations of the Financial Industry Regulatory Authority (&ldquo;<B>FINRA</B>&rdquo;) and the NYSE
MKT in connection with the offer and sale of the Shares.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(o)&#9;<U>Independent Accountants</U>.
Moss Adams LLP (&ldquo;<B>Moss Adams</B>&rdquo;), who have certified certain financial statements and related schedules included
or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus, is an independent
registered public accounting firm as required by the Securities Act and the Rules and Regulations and the Public Company Accounting
Oversight Board (United States). Except as pre-approved in accordance with the requirements set forth in Section 10A of the Exchange
Act, Moss Adams has not been engaged by the Company to perform any &ldquo;prohibited activities&rdquo; (as defined in Section 10A
of the Exchange Act).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(p)&#9;<U>Financial Statements</U>.
The Company&rsquo;s financial statements, together with the related notes and schedules, included or incorporated by reference
in the General Disclosure Package, the Prospectus and in the Registration Statement fairly present the financial position and the
results of operations and changes in financial position of the Company and its consolidated Subsidiaries and other consolidated
entities at the respective dates or for the respective periods therein specified. Such statements and related notes and schedules
have been prepared in accordance with the generally accepted accounting principles in the United States (&ldquo;<B>GAAP</B>&rdquo;)
applied on a consistent basis throughout the periods involved except as may be set forth in the related notes included or incorporated
by reference in the General Disclosure Package. The Company&rsquo;s financial statements, together with the related notes and schedules,
included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus comply in
all material respects with the Securities Act, the Exchange Act, and the Rules and Regulations and the rules and regulations under
the Exchange Act. No other financial statements or supporting schedules or exhibits are required by the Securities Act or the Rules
and Regulations to be described, or included or incorporated by reference in the Registration Statement, the General Disclosure
Package or the Prospectus. There is no pro forma or as adjusted financial information which is required to be included in the Registration
Statement, the General Disclosure Package or the Prospectus or a document incorporated by reference therein in accordance with
the Securities Act and the Rules and Regulations which has not been included or incorporated as so required. The summary and selected
financial data included or incorporated by reference in the General Disclosure Package, the Prospectus and the Registration Statement
fairly present the information shown therein as at their respective dates and for the respective periods specified and are derived
from the consolidated financial statements set forth or incorporated by reference in the Registration Statement, the Pricing Prospectus
and the Prospectus and other financial information. All information contained in the Registration Statement, the General Disclosure
Package and the Prospectus regarding &ldquo;non-GAAP financial measures&rdquo; (as defined in Regulation G) complies with Regulation
G and Item 10 of Regulation S-K, to the extent applicable.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(q)&#9;<U>Legal Proceedings</U>.
There are no legal or governmental proceedings, actions, suits or claims pending or, to the Company&rsquo;s Knowledge (as defined
below), threatened to which the Company or any of its Subsidiaries is a party or to which any of the properties or assets of the
Company or any of its Subsidiaries is subject (i) other than proceedings accurately described in all material respects in the Registration
Statement and the General Disclosure Package and proceedings that would not have a Material Adverse Effect on the Company and its
Subsidiaries, taken as a whole, or (ii) that are required to be described in the Registration Statement, the General Disclosure
Package or the Prospectus and are not so described; and there are no statutes, regulations, contracts or other documents to which
the Company or any of its Subsidiaries is subject or by which the Company or any of its Subsidiaries is bound that are required
to be described in the Registration Statement, the General Disclosure Package or the Prospectus or to be filed as exhibits to the
Registration Statement that are not described or filed as required. Other than as accurately described in all material respects
in the Registration Statement and the General Disclosure Package, neither the Company nor any Subsidiary, nor any director or officer
thereof, is or has been the subject of any legal or governmental proceedings, actions, suits or claims of violation of or liability
under federal or state securities laws or a claim of breach of fiduciary duty. For purposes of this Agreement, &ldquo;<B>Company&rsquo;s
Knowledge</B>&rdquo; means the actual knowledge of the executive officers (as defined in Exchange Act Rule 3b-7) of the Company
or its Company Significant Subsidiaries, after reasonable due inquiry, which, for the avoidance of doubt, shall include executive
officers of the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(r)&#9;<U>Regulatory Agreements</U>.
Neither the Company nor any Company Significant Subsidiary (i) is currently subject to any notice, communication, memorandum, agreement
or order of any applicable Governmental Entity (as defined below) directing, restricting or limiting, or purporting to direct,
restrict or limit, in any manner the operations of the Company and (ii) is aware of any basis for any unresolved violation of any
applicable Governmental Entity with respect to any regulatory agreement which if resolved in a manner adverse to the Company could
have a Material Adverse Effect. For purposes of this Agreement, &ldquo;<B>Governmental Entity</B>&rdquo; means any governmental
or regulatory authorities, agencies, courts, commissions or other entities, whether federal, state, local or foreign, or applicable
self-regulatory organizations.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(s)&#9;<U>Regulatory Permits</U>.
Each of the Company and the Company Significant Subsidiaries possesses all licenses, certificates, authorizations and permits issued
by, and have made all declarations and filings with, the appropriate local, state, federal or foreign regulatory agencies or bodies
which are necessary or desirable for the ownership of their respective properties or the conduct of their respective businesses
as described in the General Disclosure Package and the Prospectus (collectively, the &ldquo;<B>Governmental Permits</B>&rdquo;)
except where any failures to possess or make the same, singly or in the aggregate, would not have a Material Adverse Effect. The
Company and its Subsidiaries are in compliance with all such Governmental Permits; all such Governmental Permits are valid and
in full force and effect, except where the validity or failure to be in full force and effect would not, singly or in the aggregate,
have a Material Adverse Effect. All such Governmental Permits are free and clear of any restriction or condition that are in addition
to, or materially different from those normally applicable to similar licenses, certificates, authorizations and permits. Neither
the Company nor any Subsidiary has received notification of any revocation, modification, suspension, termination or invalidation
(or proceedings related thereto) of any such Governmental Permit and to the knowledge of the Company, no event has occurred that
allows or results in, or after notice or lapse of time or both would allow or result in, revocation, modification, suspension,
termination or invalidation (or proceedings related thereto) of any such Governmental Permit and the Company has no reason to believe
that any such Governmental Permit will not be renewed; and the Company and its Subsidiaries are members in good standing of each
federal, state or foreign exchange, board of trade, clearing house or association and self-regulatory or similar organization,
in each case as necessary to conduct their respective businesses as described in the General Disclosure Package and the Prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(t)&#9;<U>Material Contracts</U>.
Except for the Material Contracts (as defined below), the Company and its Subsidiaries are not party to any agreements, contracts
or commitments that are material to the business, financial condition, assets or operations of the Company and its Subsidiaries
that would be required to be filed pursuant to Item 601(b)(10) of Regulation S-K under the Exchange Act. Neither the Company nor
any of its Subsidiaries is in material default under or in material violation of, nor to the Company&rsquo;s Knowledge, has received
written notice of termination or default under any Material Contract. For purposes of this Agreement, &ldquo;<B>Material Contract</B>&rdquo;
means any contract of the Company that was filed as an exhibit to the Exchange Act reports filed with the Commission pursuant to
Item 601(b)(10) of Regulation S-K.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(u)&#9;<U>Investment Company</U>.
Neither the Company nor any of its Subsidiaries is or, after giving effect to the Offering of the Shares and the application of
the proceeds thereof as described in the Registration Statement, the General Disclosure Package and the Prospectus, will become
an &ldquo;investment company&rdquo; within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations
of the Commission thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(v)&#9;<U>No Price Stabilization</U>.
Neither the Company, its Subsidiaries nor any of the Company&rsquo;s or its Subsidiaries&rsquo; officers, directors or affiliates
has taken or will take, directly or indirectly, any action designed or intended to stabilize or manipulate the price of any security
of the Company, or which caused or resulted in, or which would in the future reasonably be expected to cause or result in, stabilization
or manipulation of the price of any security of the Company.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(w)&#9;<U>Title to Property</U>.
The Company and its Subsidiaries have good and marketable title to all real and personal property owned by them which is material
to the business of the Company and its Subsidiaries, taken as a whole, in each case free and clear of all liens, encumbrances and
defects of title except such as are described in the Registration Statement and the General Disclosure Package or such as do not
materially affect the value of such property and do not interfere with the use made and proposed to be made of such property by
the Company and its Subsidiaries; and any real property and buildings held under lease by the Company and its Subsidiaries are
held by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not interfere with
the use made and proposed to be made of such property and buildings by the Company and its Subsidiaries, in each case except as
described in the Registration Statement and the General Disclosure Package.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(x)&#9;<U>No Labor Disputes</U>.
No labor problem or dispute with the employees of the Company exists, or, to the Company&rsquo;s Knowledge, is threatened or imminent,
which would result in a Material Adverse Effect. The Company is not aware that any key employee or significant group of employees
of the Company plans to terminate employment with the Company. To the Company&rsquo;s Knowledge, no executive officer (as defined
in Rule 501(f) of the Securities Act) of the Company or any of its Subsidiaries is in violation of any material term of any employment
contract, confidentiality, disclosure or proprietary information agreement or non-competition agreement. Except for matters which
would not, individually or in the aggregate, result in a Material Adverse Effect, (i)&nbsp;the Company has not engaged in any unfair
labor practice; (ii) there is (A)&nbsp;no unfair labor practice complaint pending or, to the Company&rsquo;s Knowledge, threatened
against the Company before the National Labor Relations Board, and no grievance or arbitration proceeding arising out of or under
collective bargaining agreements is pending or to the Company&rsquo;s Knowledge, threatened, (B)&nbsp;no strike, labor dispute,
slowdown or stoppage pending or, to the Company&rsquo;s Knowledge, threatened against the Company and (C)&nbsp;no union representation
dispute currently existing concerning the employees of the Company and (ii)&nbsp;to the Company&rsquo;s Knowledge, (A)&nbsp;no
union organizing activities are currently taking place concerning the employees of the Company and (B)&nbsp;there has been no violation
of any federal, state, local or foreign law relating to discrimination in the hiring, promotion or pay of employees, any applicable
wage or hour laws or any provision of the Employee Retirement Income Security Act of 1974 (&ldquo;<B>ERISA</B>&rdquo;) or the rules
and regulations promulgated thereunder concerning the employees of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(y)&#9;<U>Taxes</U>. The Company
(i)&nbsp;has timely filed all necessary federal, state, local and foreign income and franchise tax returns (or timely filed applicable
extensions therefore) that have been required to be filed and (ii)&nbsp; is not in default in the payment of any taxes which were
payable pursuant to said returns or any assessments with respect thereto, other than any which the Company is contesting in good
faith and for which adequate reserves have been provided and reflected in the Company&rsquo;s financial statements included in
the Registration Statement, the General Disclosure Package and the Prospectus. The Company does not have any tax deficiency that
has been or, to the Company&rsquo;s Knowledge, is reasonably likely to be asserted or threatened against it that would result in
a Material Adverse Effect.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(z)&#9;<U>ERISA</U>. The Company
is in compliance in all material respects with all presently applicable provisions of ERISA; no &ldquo;reportable event&rdquo;
(as defined in ERISA) has occurred with respect to any &ldquo;pension plan&rdquo; (as defined in ERISA) for which the Company would
have any liability; the Company has not incurred and does not expect to incur liability under (i)&nbsp;Title IV of ERISA with respect
to termination of, or withdrawal from, any &ldquo;pension plan&rdquo; or (ii)&nbsp;Sections&nbsp;412 or 4971 of the Internal Revenue
Code of 1986, as amended, including the regulations and published interpretations thereunder (the &ldquo;<B>Code</B>&rdquo;); and
each &ldquo;pension plan&rdquo; for which the Company would have any liability that is intended to be qualified under Section&nbsp;401(a)
of the Code is so qualified in all material respects and nothing has occurred, whether by action or by failure to act, which would
cause the loss of such qualification.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(aa)&#9;<U>Compliance with Environmental
Laws</U>. Except as disclosed in the General Disclosure Package, neither the Company nor any of its Subsidiaries is in violation
of any statute, rule, regulation, decision or order of any governmental agency or body or any court, relating to the use, disposal
or release of hazardous or toxic substances or relating to the protection or restoration of the environment or human exposure to
hazardous or toxic substances (collectively, &ldquo;<B>Environmental Laws</B>&rdquo;), or to the Company&rsquo;s Knowledge, operates
any real property contaminated with any substance that is subject to any Environmental Laws, is liable for any off-site disposal
or contamination pursuant to any Environmental Laws, or is subject to any claim relating to any Environmental Laws, which violation,
contamination, liability or claim would individually or in the aggregate have a Material Adverse Effect; and the Company is not
aware of any pending investigation which might lead to such a claim.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(bb)&#9;<U>Intellectual Property
Rights</U>. The Company and its Subsidiaries own or possess, or have the right to use, adequate trademarks, trade names and other
rights to inventions, know-how, patents, copyrights, confidential information and other intellectual property (collectively, &ldquo;<B>Intellectual
Property Rights</B>&rdquo;) necessary to conduct the business now operated by them, or presently employed by them, and have not
received any notice of infringement of or conflict with asserted rights of others with respect to any Intellectual Property Rights,
except such as will not individually or in the aggregate have a Material Adverse Effect. Each of the licenses to Intellectual Property
Rights described in the Registration Statement and the General Disclosure Package is valid, binding upon and enforceable by or
against the parties thereto in accordance to its terms. The Company has complied in all material respects with, and is not in breach
nor has received any asserted or threatened claim of breach of, any license to Intellectual Property Rights, and the Company has
no Knowledge of any breach or anticipated breach by any other person of any license to Intellectual Property Rights. To the Company&rsquo;s
Knowledge, the Company&rsquo;s business as now conducted and as proposed to be conducted does not and will not infringe or conflict
with any patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses or other intellectual property right
or franchise right of any person. The Company has taken reasonable steps to protect, maintain and safeguard its Intellectual Property
Rights, including the execution of appropriate nondisclosure and confidentiality agreements. The consummation of the transactions
contemplated by this Agreement will not result in the loss or impairment of or payment of any additional amounts with respect to,
nor require the consent of any other person in respect of, the Company&rsquo;s right to own, use, or hold for use any of the Intellectual
Property Rights as owned, used or held for use in the conduct of the Company&rsquo;s business as currently conducted. With respect
to the use of the software in the Company&rsquo;s business as it is currently conducted, the Company has not experienced any material
defects in such software other than defects which have been corrected or are in process of being corrected.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(cc)&#9;<U>Foreign Corrupt Practices
Act</U>. Neither the Company nor any of its Subsidiaries, nor, to the Company&rsquo;s Knowledge, any of its directors, officers,
agents, employees, affiliates or other person acting on their behalf is aware of or has taken any action, directly or indirectly,
that has violated or would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and
the rules and regulations thereunder (the &ldquo;<B>FCPA</B>&rdquo;), including, without limitation, making use of the mails or
any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization
of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any
&ldquo;foreign official&rdquo; (as such term is defined in the FCPA) or any foreign political party or official thereof or any
candidate for foreign political office, in contravention of the FCPA. The Company and its Subsidiaries have instituted and maintain
policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(dd)&#9;<U>Anti-Money Laundering</U>.
The operations of the Company and its Subsidiaries are and have been conducted at all times, in compliance with applicable financial
recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money
laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar applicable
rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the &ldquo;<B>Money
Laundering Laws</B>&rdquo;) and no action, suit or proceeding by or before any court or governmental agency, authority or body
or any arbitrator involving the Company or any of its Subsidiaries with respect to the Money Laundering Laws is pending or, to
the Company&rsquo;s Knowledge, threatened.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ee)&#9;<U>OFAC</U>. Neither the
Company nor any of its Subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control
of the U.S. Treasury Department (<B>&ldquo;OFAC&rdquo;</B>); and the Company will not directly or indirectly use the proceeds of
this offering of the Shares contemplated hereby, or lend, contribute or otherwise make available such proceeds to any Subsidiary,
joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to
any U.S. sanctions administered by OFAC.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ff)&#9;<U>Disclosure Controls
and Procedures</U>. Except as described in the Prospectus or in the General Disclosure Package, the Company has established and
maintains disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) that are effective in all
material respects to ensure that material information relating to the Company, including any consolidated Subsidiaries, is made
known to its chief executive officer and chief financial officer by others within those entities. The Company&rsquo;s certifying
officers have evaluated the effectiveness of the Company&rsquo;s controls and procedures as of the end of the period covered by
the most recently filed annual periodic report under the Exchange Act (such date, the &ldquo;<B>Evaluation Date</B>&rdquo;). The
Company presented in its most recently filed annual periodic report under the Exchange Act the conclusions of the certifying officers
about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the
Evaluation Date, there have been no material changes in the Company&rsquo;s internal controls over financial reporting (as such
term is defined in Rule 13a-15(f) under the Exchange Act) or, to the Company&rsquo;s Knowledge, in other factors that could affect
the Company&rsquo;s internal control over financial reporting.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(gg)&#9;<U>Accounting Controls</U>.
The Company and its Subsidiaries maintain a system of internal accounting and other controls sufficient to provide reasonable assurances
that (i)&nbsp;transactions are executed in accordance with management&rsquo;s general or specific authorizations; (ii) transactions
are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain accountability
for assets; (iii) access to assets is permitted only in accordance with management&rsquo;s general or specific authorization; and
(iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is
taken with respect to any differences. Except as described in the General Disclosure Package, since the end of the Company&rsquo;s
most recent audited fiscal year, there has been (A) no material weakness in the Company&rsquo;s internal control over financial
reporting (whether or not remediated) and (B)&nbsp;no change in the Company&rsquo;s internal control over financial reporting that
has materially affected, or is reasonably likely to materially affect, the Company&rsquo;s internal control over financial reporting.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(hh)&#9;<U>Absence of Material
Changes</U>. Subsequent to the respective dates as of which information is given in the Registration Statement, the Prospectus
and the General Disclosure Package, and except as may be otherwise stated or incorporated by reference in the Registration Statement,
the Prospectus and the General Disclosure Package, there has not been (i)&nbsp;any Material Adverse Effect, (ii)&nbsp;any transaction
which is material to the Company, (iii)&nbsp;any obligation, direct or contingent (including any off-balance sheet obligations),
incurred by the Company, which is material to the Company, (iv)&nbsp; any dividend or distribution of any kind declared, paid or
made on the capital stock of the Company, (v)&nbsp;any change in the capital stock (other than a change in the number of outstanding
shares of Common Stock due to grants of stock under the Company&rsquo;s stock incentive plans existing on the date hereof or the
issuance of shares upon the exercise of outstanding options or warrants) or any issuance of options, warrants, convertible securities
or other rights to purchase the capital stock (other than grants of stock options under the Company&rsquo;s stock option plans
existing on the date hereof) of the Company.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ii)&#9;<U>No Undisclosed Relationship</U>.
No relationship, direct or indirect, exists between or among the Company and any of its Subsidiaries, on the one hand, and the
directors, officers, stockholders (or analogous interest holders), customers or suppliers of the Company or any of its Subsidiaries
or any of their affiliates, on the other hand, which is required to be described in the Registration Statement, the General Disclosure
Package or the Prospectus or a document incorporated by reference therein and which is not so described.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(jj)&#9;<U>No Registration or
Preemptive Rights</U>. No person or entity has the right to exercise any preemptive rights to purchase the Company&rsquo;s securities,
or to require registration of shares of Common Stock or other securities of the Company or any of its subsidiaries because of the
filing or effectiveness of the Registration Statement or otherwise, except for persons and entities who have expressly waived such
rights in writing or who have been given timely and proper written notice and have failed to exercise such rights within the time
or times required under the terms and conditions of such right. Except as described in the General Disclosure Package, there are
no persons with preemptive rights or other rights to subscribe for securities of the Company, or registration rights or similar
rights to have any securities registered by the Company or any of its subsidiaries under the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(kk)&#9;<U>Brokers Fees</U>. Except
with respect to the Underwriter, neither the Company nor any of its Subsidiaries is a party to any contract, agreement or understanding
with any person that would give rise to a valid claim against the Company or the Underwriter for a brokerage commission, finder&rsquo;s
fee or like payment in connection with the offering and sale of the Shares or any transaction contemplated by this Agreement, the
Registration Statement, the General Disclosure Package or the Prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ll)&#9;<U>Margin Securities</U>.
Neither the Company nor any of its subsidiaries owns any &ldquo;margin securities&rdquo; as that term is defined in Regulation
U of the Board of Governors of the Federal Reserve System (the &ldquo;<B>Federal Reserve Board</B>&rdquo;), and none of the proceeds
of the sale of any of the Shares will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security,
for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase or carry any margin security
or for any other purpose which might cause any of the Shares to be considered a &ldquo;purpose credit&rdquo; within the meanings
of Regulations T, U or X of the Federal Reserve Board</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(mm)&#9;<U>Forward-Looking Statements</U>.
No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act) contained
in either the Registration Statement, the General Disclosure Package or the Prospectus has been made or reaffirmed without a reasonable
basis or has been disclosed other than in good faith.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(nn)&#9;<U>Listing and Maintenance
Requirements</U>. The Company is subject to and in compliance in all material respects with the reporting requirements of Section
13 or Section 15(d) of the Exchange Act, as applicable. The Common Stock is registered pursuant to Section 12(b) of the Exchange
Act and is listed on the NYSE MKT, and the Company has taken no action designed to, or reasonably likely to have the effect of,
terminating the registration of the Common Stock under the Exchange Act or delisting the Common Stock from the NYSE MKT, nor has
the Company received any notification that the Commission or FINRA is contemplating terminating such registration or listing. No
consent, approval, authorization or order of, or filing, notification or registration with, the NYSE MKT is required for the listing
and trading of the shares of Common Stock on the NYSE MKT, except for and Additional Listing Application.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(oo)&#9;<U>Sarbanes-Oxley Act</U>.
The Company is in compliance in all material respects with all applicable provisions of the Sarbanes-Oxley Act of 2002 and all
applicable rules and regulations promulgated thereunder or implementing the provisions thereof that are then in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(pp)&#9;<U>Statistical or Market-Related
Data</U>. The statistical and market related data included in the General Disclosure Package are based on or derived from sources
that the Company believes to be reliable and accurate, and such data agree with the sources from which they are derived.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(qq)&#9;<U>FINRA Affiliations;
Availability of Form S-3</U>. Neither the Company nor any Subsidiary directly or indirectly controls, is controlled by, or is under
common control with, or is an associated person (within the meaning of Article I, Section 1(ee) of the By-laws of FINRA) of, any
member firm of FINRA. At the time the Registration Statement was originally declared effective, the Company met, and as of the
date hereof meets, the then applicable requirements for the use of Form S-3 under the Securities Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(rr)&#9;<U>NYSE MKT Stockholder
Approval Rules</U>. No approval of the stockholders of the Company under the rules and regulations of the NYSE MKT is required
for the Company to issue and deliver the Shares to the Underwriter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(ss)&#9;<U>Six Month Period Prior
to Offering</U>. Except as described in the General Disclosure Package, the Company has not sold, issued or distributed any shares
of Common Stock during the six-month period preceding the date hereof, including any sales pursuant to Rule 144A under, or Regulation
D or S of, the Securities Act, other than shares issued pursuant to employee benefit plans, qualified stock option plans or other
employee compensation plans or pursuant to outstanding options, rights or warrants.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Any certificate signed by or on behalf of the Company and delivered
to the Underwriter or to counsel for the Underwriter shall be deemed to be a representation and warranty by the Company to the
Underwriter as to the matters covered thereby.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>4.&#9;<U>Further Covenants and Agreements
of the Company</U></B>. The Company covenants and agrees with the Underwriter as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;<U>Registration of Additional
Shares; Notification of Amendment or Supplement; Notification of Stop Order or Suspension</U>. To prepare the Rule 462(b) Registration
Statement, if necessary, in a form approved by the Underwriter and file such Rule 462(b) Registration Statement with the Commission
on the date hereof, and the Company shall at the time of such filing either pay to the Commission the filing fee for the Rule 462(b)
Registration Statement or give irrevocable instructions for the payment of such fee pursuant to Rule 111(b) under the Rules and
Regulations; to prepare the Prospectus in a form approved by the Underwriter containing information previously omitted at the time
of effectiveness of the Registration Statement in reliance on rules 430A, 430B and 430C and to file such Prospectus pursuant to
Rule 424(b) of the Rules and Regulations not later than the second business day following the execution and delivery of this Agreement
or, if applicable, such earlier time as may be required by Rule 430A of the Rules and Regulations; to notify the Underwriter promptly
of the Company&rsquo;s intention to file or prepare any supplement or amendment to the Registration Statement or to the Prospectus
in connection with this Offering and to provide a draft of any such amendment or supplement to the Registration Statement, the
General Disclosure Package or to the Prospectus to the Underwriter for review within an amount of time that is reasonably practical
under the circumstances and prior to filing; to advise the Underwriter, promptly after it receives notice thereof, of the time
when any amendment to any Registration Statement has been filed in connection with the Offering or becomes effective or any supplement
to the General Disclosure Package or the Prospectus or any amended Prospectus has been filed and to furnish the Underwriter with
copies thereof; to file within the time periods prescribed by the Exchange Act, including any extension thereof, all material required
to be filed by the Company with the Commission pursuant to Rule 433(d) or 163(b)(2), as the case may be, of the Rules and Regulations;
to file promptly all reports and any definitive proxy or information statements required to be filed by the Company with the Commission
pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long as
the delivery of a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) of the Rules and Regulations) is required
in connection with the Offering or sale of the Shares; to advise the Underwriter, promptly after it receives notice thereof, of
the issuance by the Commission of any stop order or of any order preventing or suspending the use of any Issuer Free Writing Prospectus
or the Prospectus, of the suspension of the qualification of the Shares for offering or sale in any jurisdiction, of the initiation
or threatening of any proceeding for any such purpose, or of any request by the Commission for the amending or supplementing of
the Registration Statement, the General Disclosure Package or the Prospectus or for additional information; and, in the event of
the issuance of any stop order or of any order preventing or suspending the use of any Issuer Free Writing Prospectus or the Prospectus
or suspending any such qualification, and promptly to use its best efforts to obtain the withdrawal of such order.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;<U>Permitted Free Writing
Prospectus</U>. That it has not made and will not make any offer relating to the Shares that would constitute a &ldquo;free writing
prospectus&rdquo; as defined in Rule 405 of the Rules and Regulations unless the prior written consent of the Underwriter has been
received (each, a &ldquo;<B>Permitted Free Writing Prospectus</B>&rdquo;); <I>provided, however</I>, that the prior written consent
of the Underwriter shall be deemed to have been given in respect of the Free Writing Prospectus(es) included in <U>Exhibit A</U>
hereto. The Company represents that it has treated and agrees that it will treat each Permitted Free Writing Prospectus as an Issuer
Free Writing Prospectus, and that it has and will comply with the requirements of Rules 164 and 433 of the Rules and Regulations
applicable to any Issuer Free Writing Prospectus, including the requirements relating to timely filing with the Commission, legending
and record keeping and will not take any action that would result in the Underwriter or the Company being required to file with
the Commission pursuant to Rule 433(d) of the Rules and Regulations a free writing prospectus prepared by or on behalf of such
Underwriter that such Underwriter otherwise would not have been required to file thereunder.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#9;<U>Continued Compliance
with Securities Law</U>. If at any time when a Prospectus relating to the Shares is required to be delivered under the Securities
Act, any event occurs or condition exists as a result of which the Prospectus or the General Disclosure Package, as then amended
or supplemented, would include any untrue statement of a material fact or omit to state a material fact necessary in order to make
the statements therein, in light of the circumstances under which they were made, not misleading, or the Registration Statement,
as then amended or supplemented, would include any untrue statement of a material fact or omit to state a material fact necessary
to make the statements therein not misleading, or if for any other reason it is necessary at any time to amend or supplement any
Registration Statement, the Prospectus or the General Disclosure Package to comply with the Securities Act or the Exchange Act,
the Company will promptly notify the Underwriter, and upon the Underwriter&rsquo;s request, the Company will promptly prepare and
file with the Commission, at the Company&rsquo;s expense, an amendment to the Registration Statement or an amendment or supplement
to the Prospectus or the General Disclosure Package that corrects such statement or omission or effects such compliance. The Company
consents to the use of the Prospectus or any amendment or supplement thereto by the Underwriter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#9;<U>General Disclosure Package</U>.
If the General Disclosure Package is being used to solicit offers to buy the Shares at a time when the Prospectus is not yet available
to prospective purchasers and any event shall occur as a result of which, in the judgment of the Company or in the reasonable opinion
of the Underwriter, it becomes necessary to amend or supplement the General Disclosure Package in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading, or to make the statements therein not conflict
with the information contained or incorporated by reference in the Registration Statement then on file and not superseded or modified,
or if it is necessary at any time to amend or supplement the General Disclosure Package to comply with any law, the Company promptly
will either (i) prepare, file with the Commission (if required) and furnish to the Underwriter and any dealers an appropriate amendment
or supplement to the General Disclosure Package or (ii) prepare and file with the Commission an appropriate filing under the Exchange
Act which shall be incorporated by reference in the General Disclosure Package so that the General Disclosure Package as so amended
or supplemented will not, in the light of the circumstances under which they were made, be misleading or conflict with the Registration
Statement then on file, or so that the General Disclosure Package will comply with law.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#9;<U>Issuer Free Writing
Prospectus</U>. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or development
as a result of which such Issuer Free Writing Prospectus conflicted or will conflict with the information contained in the Registration
Statement, Pricing Prospectus or Prospectus, including any document incorporated by reference therein and any prospectus supplement
deemed to be a part thereof and not superseded or modified or included or would include an untrue statement of a material fact
or omitted or would omit to state a material fact required to be stated therein or necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading, the Company has promptly notified or will promptly
notify the Underwriter so that any use of the Issuer Free Writing Prospectus may cease until it is amended or supplemented and
has promptly amended or will promptly amend or supplement, at its own expense, such Issuer Free Writing Prospectus to eliminate
or correct such conflict, untrue statement or omission. The foregoing sentence does not apply to statements in or omissions from
any Issuer Free Writing Prospectus in reliance upon, and in conformity with, written information furnished to the Company by the
Underwriter specifically for inclusion therein, which information the parties hereto agree is limited to the Underwriter&rsquo;s
Information (as defined in <U>Section 16</U>).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#9;<U>Reserved. </U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#9;<U>Documents</U>. To the
extent not available on the Commission&rsquo;s EDGAR system, to deliver promptly to the Underwriter in New York City such number
of the following documents as the Underwriter shall reasonably request: (i) conformed copies of the Registration Statement as originally
filed with the Commission (in each case excluding exhibits), (ii) each Preliminary Prospectus (if any), (iii) any Issuer Free Writing
Prospectus, (iv) the Prospectus (the delivery of the documents referred to in clauses (i), (ii) and (iii) of this <U>paragraph
(g)</U> to be made not later than 10:00 A.M., New York time, on the business day following the execution and delivery of this Agreement),
(v) conformed copies of any amendment to the Registration Statement (excluding exhibits), (vi) any amendment or supplement to the
General Disclosure Package or the Prospectus (the delivery of the documents referred to in clauses (v) and (vi) of this <U>paragraph
(g)</U> to be made not later than 10:00 A.M., New York City time, on the business day following the date of such amendment or supplement)
and (vii) any document incorporated by reference in the General Disclosure Package or the Prospectus (excluding exhibits thereto)
(the delivery of the documents referred to in clause (vi) of this <U>paragraph (g)</U> to be made not later than 10:00 A.M., New
York City time, on the business day following the date of such document).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#9;<U>Earnings Statement Complying
with Rule 158</U>. To the extent not available on the Commission&rsquo;s EDGAR system, to make generally available to its stockholders
as soon as practicable, but in any event not later than eighteen (18) months after the effective date of each Registration Statement
(as defined in Rule 158(c) of the Rules and Regulations), an earnings statement of the Company and its consolidated Subsidiaries
(which need not be audited) complying with Section 11(a) of the Securities Act and the Rules and Regulations (including, at the
option of the Company, Rule 158).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#9;<U>Blue Sky Laws</U>. To
take promptly from time to time such actions as the Underwriter may reasonably request to qualify the Shares for offering and sale
under the securities or Blue Sky laws of such jurisdictions (domestic or foreign) as the Underwriter may designate and to continue
such qualifications in effect, and to comply with such laws, for so long as required to permit the offer and sale of Shares in
such jurisdictions; <I>provided </I>that the Company and its Subsidiaries shall not be obligated to qualify as foreign corporations
in any jurisdiction in which they are not so qualified or to file a general consent to service of process in any jurisdiction.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#9;<U>Lock-Up</U>. That the
Company will not, for a period of 90 days from the date of the Prospectus, (the &ldquo;<B>Lock-Up Period</B>&rdquo;) without the
prior written consent of the Underwriter, directly or indirectly offer, sell, assign, transfer, pledge, contract to sell, or otherwise
dispose of, any shares of Common Stock or securities convertible into or exercisable or exchangeable for Common Stock, other than
(i) the Company&rsquo;s sale of the Shares hereunder, (ii) the issuance of Common Stock or any equity awards (including the issuance
of Common Stock upon exercise or settlement of such equity awards) pursuant to the Company&rsquo;s employee benefit plans, stock
option and employee stock purchase plans or other employee compensation plans as such plans are in existence on the date hereof
and described in the Prospectus and (iii) the issuance of Common Stock pursuant to the vesting or exercises of options, restricted
stock units, warrants or rights outstanding on the date hereof or the conversion of convertible securities outstanding on the date
hereof. The Company will cause each executive officer and director listed in <U>Schedule C</U> to furnish to the Underwriter, prior
to the Time of Purchase, a letter, substantially in the form of <U>Exhibit B</U> hereto, pursuant to which each such person shall
agree, among other things, not to directly or indirectly offer, sell, assign, transfer, pledge, contract to sell, or otherwise
dispose of, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, not
to engage in any swap or other agreement or arrangement that transfers, in whole or in part, directly or indirectly, the economic
risk of ownership of Common Stock or any such securities, during the Lock-Up Period, without the prior written consent of the Underwriter.
The Company also agrees that during the Lock-Up Period, the Company will not file any registration statement, preliminary prospectus
or prospectus, or any amendment or supplement thereto, under the Securities Act for any such transaction or which registers, or
offers for sale, Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, except for registration
statements on Form S-8 relating to employee benefit plans.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#9;<U>Correspondence</U>.
To supply the Underwriter with copies of all correspondence to and from, and all documents issued to and by, the Commission in
connection with the registration of the Shares under the Securities Act or the Registration Statement or the Prospectus, or any
amendment or supplement thereto or document incorporated by reference therein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#9;<U>Communications Prior
to Closing</U>. Prior to the Time of Purchase and any Additional Time of Purchase, not to issue any press release or other communication
directly or indirectly or hold any press conference with respect to the Company, its condition, financial or otherwise, or earnings,
business affairs or business prospects (except for routine oral marketing communications in the ordinary course of business and
consistent with the past practices of the Company and of which the Underwriter is notified), without the prior written consent
of the Underwriter, unless in the judgment of the Company and its counsel, and after notification to the Underwriter, such press
release or communication is required by law or applicable stock exchange rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#9;<U>Conduct of Company and
Affiliated Purchasers</U>. Until the Underwriter shall have notified the Company of the completion of the Offering of the Shares,
the Company will not, and will cause its affiliated purchasers (as defined in Regulation M under the Exchange Act) not to, either
alone or with one or more other persons, bid for or purchase, for any account in which it or any of its affiliated purchaser has
a beneficial interest, any Shares, or attempt to induce any person to purchase any Shares; and not to, and to cause its affiliated
purchasers not to, make bids or purchase for the purpose of creating actual, or apparent, active trading in or of raising the price
of the Shares.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#9;<U>No Action Requiring
Amendment or Supplement</U>. Not to take any action prior to the Closing Date which would require the Prospectus to be amended
or supplemented pursuant to <U>Section&nbsp;4</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(o)&#9;<U>Use of Proceeds</U>.
To apply the net proceeds from the sale of the Shares as set forth in the Registration Statement, the General Disclosure Package
and the Prospectus under the heading &ldquo;Use of Proceeds.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(p)&#9;<U>NYSE MKT</U>. To use
its reasonable best efforts to list, effect and maintain the Common Stock on the NYSE MKT.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(q)&#9;<U>FINRA Filing</U>. To
use its best efforts to assist the Underwriter, if requested by the Underwriter, with any filings with FINRA and obtaining clearance
from FINRA as to the amount of compensation allowable or payable to the Underwriter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(r)&#9;<U>Conditions Precedent</U>.
To use its best efforts to do and perform all things required to be done or performed under this Agreement by the Company prior
to the Time of Purchase and Additional Time of Purchase, as applicable, and to satisfy all conditions precedent to the delivery
of the Shares.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(s)&#9;<U>Stabilization</U>. Until
the Underwriter shall have notified the Company of the completion of the offering of the Shares, the Company will not take directly
or indirectly any action designed, or that might reasonably be expected to cause or result in, or that will constitute, stabilization
or manipulation of the price of any security of the Company to facilitate the sale or resale of any of the Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>5.&#9;<U>Payment of Expenses</U></B>.
The Company agrees to pay, or reimburse if paid by the Underwriter, whether or not the transactions contemplated hereby are consummated
or this Agreement is terminated: (a) the costs incident to the authorization, issuance, sale and delivery of the Shares to the
Underwriter and any taxes payable in that connection; (b) the costs incident to the registration of the Shares under the Securities
Act; (c) the costs incident to the preparation, printing and distribution of the Registration Statement, the Base Prospectus, any
Issuer Free Writing Prospectus, the General Disclosure Package, the Prospectus, any amendments, supplements and exhibits thereto
or any document incorporated by reference therein; (d) the reasonable and documented fees and expenses incurred in connection with
securing any required review by FINRA and any filings made with FINRA; (e) any applicable listing, quotation or other fees; (f)
the reasonable fees and expenses (including related fees and expenses of counsel for the Underwriter) of qualifying the Shares
under the securities laws of the several jurisdictions as provided in <U>Section&nbsp;4<B> </B>(i)</U> and of preparing, printing
and distributing wrappers and blue sky memoranda; (g) all fees and expenses of the registrar and transfer agent of the Shares;
(h) all other costs and expenses of the Company incident to the Offering of the Shares by, or the performance of the obligations
of, the Company under this Agreement (including, without limitation, the fees and expenses of the Company&rsquo;s counsel, and
the Company&rsquo;s independent accountants and the travel and other reasonable expenses incurred by Company in connection with
any &ldquo;road show&rdquo;); and (i) all other costs and expenses of the Underwriter incident to the performance of its obligations
under this Agreement (including the reasonable fees and expenses of the Underwriter&rsquo;s counsel which shall not exceed $50,000.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>6.&#9;<U>Conditions to the Obligations
of the Underwriter, and the Sale of the Shares</U></B>. The obligations of the Underwriter hereunder are subject to the accuracy,
when made and as of the date hereof, at the Time of Purchase or any Additional Time of Purchase, as the case may be, of the representations
and warranties of the Company contained herein, to the accuracy of the statements of the Company made in any certificates pursuant
to the provisions hereof, to the performance by the Company of its obligations hereunder, and to each of the following additional
terms and conditions:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;<U>No Stop Orders</U>.
The Registration Statement is effective under the Securities Act, and no stop order suspending the effectiveness of the Registration
Statement or any part thereof, preventing or suspending the use of any Base Prospectus, the Prospectus, the General Disclosure
Package or any Permitted Free Writing Prospectus or any part thereof shall have been issued and no proceedings for that purpose
or pursuant to Section 8A under the Securities Act against the Company or related to the Offering shall have been initiated or
threatened by the Commission, and all requests for additional information on the part of the Commission (to be included or incorporated
by reference in the Registration Statement or the Prospectus or otherwise) shall have been complied with to the reasonable satisfaction
of the Underwriter; the Rule 462(b) Registration Statement, if any, each Issuer Free Writing Prospectus, if any, and the Prospectus
shall have been filed with the Commission within the applicable time period prescribed for such filing by, and in compliance with,
the Rules and Regulations and in accordance with <U>Section&nbsp;4(a)</U>, and the Rule 462(b) Registration Statement, if any,
shall have become effective immediately upon its filing with the Commission; and FINRA shall have raised no objection to the fairness
and reasonableness of the terms of this Agreement or the transactions contemplated hereby.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;<U>Contents of Registration
Statement</U>. The Underwriter shall not have discovered and disclosed to the Company on or prior to the Time of Purchase or any
Additional Time of Purchase that the Registration Statement or any amendment or supplement thereto contains an untrue statement
of a fact which, in the opinion of counsel for the Underwriter, is material or omits to state any fact which, in the opinion of
such counsel, is material and is required to be stated therein or is necessary to make the statements therein not misleading, or
that the General Disclosure Package, any Issuer Free Writing Prospectus or the Prospectus or any amendment or supplement thereto
contains an untrue statement of fact which, in the opinion of such counsel, is material or omits to state any fact which, in the
opinion of such counsel, is material and is necessary in order to make the statements, in the light of the circumstances in which
they were made, not misleading.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#9;<U>Corporate and Legal
Matters</U>. All corporate proceedings and other legal matters incident to the authorization, form and validity of each of this
Agreement, the Shares, the Registration Statement, the General Disclosure Package, each Issuer Free Writing Prospectus, if any,
and the Prospectus and all other legal matters relating to this Agreement and the transactions contemplated hereby shall be reasonably
satisfactory in all material respects to counsel for the Underwriter, and the Company shall have furnished to such counsel all
documents and information that they may reasonably request.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#9;<U>Representations and
Warranties; Covenants</U>. The representations and warranties of the Company set forth in this Agreement shall be true and correct
(i) on and as of the date hereof and (ii) on and as of the Time of Purchase and any Additional Time of Purchase, as the case may
be, with the same effect as though such representations and warranties had been made on and as of the Time of Purchase and any
Additional Time of Purchase, as the case may be (except for representations and warranties that expressly speak only as of a specific
date or time which need only be true and correct as of such date or time). All agreements and covenants set forth in this Agreement
to be performed on the part of the Company and all conditions set forth in this Agreement to be fulfilled or complied with by the
Company at or prior to the Time of Purchase and any Additional Time of Purchase, as the case may be, shall have been duly performed,
satisfied or complied with.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#9;<U>Opinions of Counsel
to the Company</U>. Foley &amp; Lardner LLP shall have furnished to the Underwriter, such counsel&rsquo;s written opinion and a
negative assurances letter, as counsel to the Company, in each case addressed to the Underwriter and dated the Time of Purchase
and any Additional Time of Purchase, as the case may be, in the forms agreed as of the date hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#9;<U>Auditor Letter</U>.
At the time of the execution of this Agreement, the Underwriter shall have received from Moss Adams LLP a letter, addressed to
the Underwriter, executed and dated such date, in form and substance satisfactory to the Underwriter (i) confirming that they are
an independent registered accounting firm with respect to the Company and its subsidiaries within the meaning of the Securities
Act and the Rules and Regulations and PCAOB and (ii) stating the conclusions and findings of such firm, of the type ordinarily
included in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters, with respect to the financial statements and certain
financial information contained or incorporated by reference in the Registration Statement, the General Disclosure Package and
the Prospectus.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#9;<U>Bring-Down Letter</U>.
On the effective date of any post-effective amendment to any Registration Statement and on the date of the Time of Purchase and
the date of any Additional Time of Purchase, the Underwriter shall have received a letter (the &ldquo;<B>Bring-Down Letter</B>&rdquo;)
from Moss Adams LLP addressed to the Underwriter and dated the Time of Purchase and any Additional Time of Purchase confirming,
as of the date of the Bring-Down Letter (or, with respect to matters involving changes or developments since the respective dates
as of which specified financial information is given in the General Disclosure Package and the Prospectus, as the case may be,
as of a date not more than three (3) business days prior to the date of the Bring-Down Letter), the conclusions and findings of
such firm, of the type ordinarily included in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters, with respect to
the financial information and other matters covered by its letter delivered to the Underwriter concurrently with the execution
of this Agreement pursuant to paragraph (f) of this <U>Section 6</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#9;<U>Officer&rsquo;s Certificate</U>.
The Company shall have furnished to the Underwriter a certificate, dated the Time of Purchase and any Additional Time of Purchase,
of its Chief Executive Officer and its Chief Financial Officer stating that</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(i)&#9;since the effective date
of the Registration Statement, no event has occurred which should have been set forth in a supplement or amendment to the Registration
Statement, the General Disclosure Package or the Prospectus which is not contained therein,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(ii)&#9;to the best of their knowledge
after reasonable investigation, as of such date, the representations and warranties of the Company in this Agreement are true and
correct, and the Company has complied with all agreements and covenants and satisfied all conditions on its part to be performed
or satisfied hereunder at or prior to such date,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iii)&#9;there has not been, subsequent
to the date of the most recent unaudited financial statements included or incorporated by reference in the General Disclosure Package,
any Material Adverse Effect, except as set forth in the Prospectus,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iv)&#9;no stop order suspending
the effectiveness of the Registration Statement or any part thereof, preventing or suspending the use of any Base Prospectus, the
Prospectus or any Permitted Free Writing Prospectus or any part thereof shall have been issued and no proceedings for that purpose
or pursuant to Section 8A under the Securities Act against the Company or related to the Offering shall have been initiated or
threatened by the Commission, and</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(v)&#9;the Registration Statement
and each amendment thereto, as of the date of this Agreement and as of such date, did not include any untrue statement of a material
fact and did not omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading,
and the General Disclosure Package, as of the date hereof and as of such date, any Issuer Free Writing Prospectus as of its date
and as of such date, the Prospectus and each amendment or supplement thereto, as of the respective date thereof and as of such
date, did not include any untrue statement of a material fact and did not omit to state a material fact necessary in order to make
the statements therein, in the light of the circumstances in which they were made, not misleading.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(i)&#9;<U>No Material Adverse
Change</U>. Since the date of the latest audited financial statements included in the General Disclosure Package or incorporated
by reference in the General Disclosure Package as of the date hereof, (i) neither the Company nor any of its Subsidiaries shall
have sustained any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered
by insurance, or from any labor dispute or court or governmental action, order or decree, otherwise than as set forth in the General
Disclosure Package, and (ii) there shall not have been any change in the capital stock or long-term debt of the Company nor any
of its Subsidiaries, or any change, or any development involving a prospective change, in or affecting the business, general affairs,
management, financial position, stockholders&rsquo; equity, results of operations or prospects of the Company and its Subsidiaries,
taken as a whole, otherwise than as set forth in the General Disclosure Package, the effect of which, in any such case described
in clause (i) or (ii) of this <U>paragraph (i)</U>, is, in the judgment of the Underwriter, so material and adverse as to make
it impracticable or inadvisable to proceed with the sale or delivery of the Shares on the terms and in the manner contemplated
in the General Disclosure Package.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(j)&#9;<U>No Action Preventing
Issuance</U>. No action shall have been taken and no law, statute, rule, regulation or order shall have been enacted, adopted or
issued by any governmental agency or body which would prevent the issuance or sale of the Shares or materially and adversely affect
the business or operations of the Company and its Subsidiaries, taken as a whole; and no injunction, restraining order or order
of any other nature by any United States federal or state court of competent jurisdiction shall have been issued which would prevent
the issuance or sale of the Shares or materially and adversely affect the business or operations of the Company or its Subsidiaries,
taken as a whole.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(k)&#9;<U>No Trading Suspension,
Banking Moratorium</U>. Subsequent to the execution and delivery of this Agreement there shall not have occurred any of the following:
(i) trading in securities generally on the New York Stock Exchange, the NASDAQ Stock Market, LLC, or the NYSE MKT or in the over-the-counter
market, or trading in any securities of the Company on any exchange or in the over-the-counter market, shall have been suspended
or materially limited, or minimum or maximum prices or maximum range for prices shall have been established on any such exchange
or such market by the Commission, by such exchange or market or by any other regulatory body or governmental authority having jurisdiction;
(ii) a banking moratorium shall have been declared by United States federal or state authorities or a material disruption has occurred
in commercial banking or securities settlement or clearance services in the United States; (iii) the United States shall have become
the subject of a material act of terrorism, or there shall have been a material escalation in hostilities involving the United
States, or there shall have been a new declaration of a national emergency or war by the United States; or (iv) there shall have
occurred such a material adverse change in general economic, political or financial conditions (or the effect of international
conditions on the financial markets in the United States shall be such) as to make it, in the judgment of the Underwriter, impracticable
or inadvisable to proceed with the sale or delivery of the Shares on the terms and in the manner contemplated in the General Disclosure
Package and the Prospectus.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(l)&#9;<U>NYSE MKT Listing Application</U>.
If required under the rules of the NYSE MKT, the Company shall have filed an additional listing application with the NYSE MKT in
connection with the Offering, and shall have received no objections thereto from the NYSE MKT.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(m)&#9;<U>Lock-up Agreements</U>.
The Underwriter shall have received the written agreements, substantially in the form of <U>Exhibit B</U> hereto, of the directors
and executive officers of the Company listed in <U>Schedule C</U> to this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(n)&#9;<U>No FINRA Objections</U>.
If required under the rules of FINRA, the Underwriter shall have received clearance from FINRA as to the amount of compensation
allowable or payable to the Underwriter as described in the Pricing Prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(o)&#9;<U>Form 8-K</U>. The Company
shall have prepared and filed with the Commission a Current Report on Form 8-K including as an exhibit thereto this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(p)&#9;<U>Additional Documents</U>.
Prior to the Closing Date, the Company shall have furnished to the Underwriter such further information, opinions, certificates,
letters or documents as the Underwriter shall have reasonably requested, including a Secretary&rsquo;s Certificate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All opinions, letters, evidence and certificates
mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are
in form and substance reasonably satisfactory to counsel for the Underwriter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>7.&#9;<U>Indemnification and Contribution</U></B><I>.
</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;<U>Indemnification of Underwriter</U>.
The Company shall indemnify and hold harmless the Underwriter, its affiliates and each of its and their respective directors, officers,
members, employees, representatives and agents and their respective affiliates, and each person, if any, who controls such Underwriter
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (collectively the &ldquo;<B>Underwriter
Indemnified Parties,</B>&rdquo; and each an &ldquo;<B>Underwriter Indemnified Party</B>&rdquo;) against any loss, claim, damage,
expense or liability whatsoever (or any action, investigation or proceeding in respect thereof), joint or several, to which such
Underwriter Indemnified Party may become subject, under the Securities Act, the Exchange Act, or other federal or state statutory
law or regulation, the common law or otherwise, insofar as such loss, claim, damage, expense, liability, action, investigation
or proceeding arises out of or is based upon (A) any untrue statement or alleged untrue statement of a material fact contained
in any Preliminary Prospectus, any Issuer Free Writing Prospectus, any &ldquo;issuer information&rdquo; filed or required to be
filed pursuant to Rule 433(d) of the Rules and Regulations, the Registration Statement, the General Disclosure Package or the Prospectus,
or in any amendment or supplement thereto or document incorporated by reference therein, (B) the omission or alleged omission to
state in any Preliminary Prospectus, any Issuer Free Writing Prospectus, any &ldquo;issuer information&rdquo; filed or required
to be filed pursuant to Rule 433(d) of the Rules and Regulations, the Registration Statement, the General Disclosure Statement
or the Prospectus, or in any amendment or supplement thereto or document incorporated by reference therein, a material fact required
to be stated therein or necessary to make the statements therein not misleading, or (C) any breach of the representations and warranties
of the Company contained herein or failure of the Company to perform its obligations hereunder or pursuant to any law, and shall
reimburse the Underwriter Indemnified Party promptly upon demand for any legal fees or other expenses reasonably incurred by such
Underwriter Indemnified Party in connection with investigating, or preparing to defend, or defending against, or appearing as a
third party witness in respect of, or otherwise incurred in connection with, any such loss, claim, damage, expense, liability,
action, investigation or proceeding, as such fees and expenses are incurred; <I>provided, however</I>, that the Company shall not
be liable in any such case to the extent that any such loss, claim, damage, expense or liability arises out of or is based upon
an untrue statement or alleged untrue statement in, or omission or alleged omission from, the Registration Statement or the Prospectus,
or any such amendment or supplement thereto, or any Issuer Free Writing Prospectus made in reliance upon and in conformity with
written information furnished to the Company by or on behalf of the Underwriter specifically for use therein, which information
the parties hereto agree is limited to the Underwriter&rsquo;s Information (as defined in <U>Section 16</U>). This indemnity agreement
is not exclusive and will be in addition to any liability, which the Company may otherwise have and shall not limit any rights
or remedies which may otherwise be available at law or in equity to each Underwriter Indemnified Party.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;<U>Indemnification of Company</U>.
The Underwriter shall indemnify and hold harmless the Company and its directors, its officers who signed the Registration Statement
and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act (collectively the &ldquo;<B>Company Indemnified Parties</B>&rdquo; and each a &ldquo;<B>Company Indemnified Party</B>&rdquo;)
against any loss, claim, damage, expense or liability whatsoever (or any action, investigation or proceeding in respect thereof),
joint or several, to which such Company Indemnified Party may become subject, under the Securities Act or otherwise, insofar as
such loss, claim, damage, expense, liability, action, investigation or proceeding arises out of or is based upon (i) any untrue
statement or alleged untrue statement of a material fact contained in any Preliminary Prospectus, any Issuer Free Writing Prospectus,
any &ldquo;issuer information&rdquo; filed or required to be filed pursuant to Rule 433(d) of the Rules and Regulations, the Registration
Statement or the Prospectus, or in any amendment or supplement thereto, or (ii) the omission or alleged omission to state in any
Preliminary Prospectus, any Issuer Free Writing Prospectus, any &ldquo;issuer information&rdquo; filed or required to be filed
pursuant to Rule 433(d) of the Rules and Regulations, the Registration Statement or the Prospectus, or in any amendment or supplement
thereto, a material fact required to be stated therein or necessary to make the statements therein not misleading, but in each
case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with written information furnished to the Company by or on behalf of the Underwriter specifically for use
therein, which information the parties hereto agree is limited to the Underwriter&rsquo;s Information, and shall reimburse the
Company for any legal or other expenses reasonably incurred by such party in connection with investigating or preparing to defend
or defending against or appearing as third party witness in connection with any such loss, claim, damage, liability, action, investigation
or proceeding, as such fees and expenses are incurred. This indemnity agreement is not exclusive and will be in addition to any
liability, which the Underwriter might otherwise have and shall not limit any rights or remedies which may otherwise be available
at law or in equity to each Company Indemnified Party. Notwithstanding the provisions of this <U>Section&nbsp;7(b)</U>, in no event
shall any indemnity by the Underwriter under this <U>Section&nbsp;7(b)</U> exceed the total compensation received by such Underwriter
hereunder.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#9;<U>Notice and Procedures</U>.
Promptly after receipt by an indemnified party under this <U>Section&nbsp;7</U> of notice of the commencement of any action, the
indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party under this <U>Section&nbsp;7</U>,
notify such indemnifying party in writing of the commencement of that action; <I>provided, however</I>, that the failure to notify
the indemnifying party shall not relieve it from any liability which it may have under this <U>Section&nbsp;7</U> except to the
extent it has been materially prejudiced by such failure; and, <I>provided, further</I>, that the failure to notify an indemnifying
party shall not relieve it from any liability which it may have to an indemnified party otherwise than under this <U>Section&nbsp;7</U>.
If any such action shall be brought against an indemnified party, and it shall notify the indemnifying party thereof, the indemnifying
party shall be entitled to participate therein and, to the extent that it wishes, jointly with any other similarly notified indemnifying
party, to assume the defense of such action with counsel reasonably satisfactory to the indemnified party (which counsel shall
not, except with the written consent of the indemnified party, be counsel to the indemnifying party). After notice from the indemnifying
party to the indemnified party of its election to assume the defense of such action, except as provided herein, the indemnifying
party shall not be liable to the indemnified party under <U>Section&nbsp;7</U> for any legal or other expenses subsequently incurred
by the indemnified party in connection with the defense of such action other than reasonable costs of investigation; <I>provided,
however</I>, that any indemnified party shall have the right to employ separate counsel in any such action and to participate in
the defense of such action but the fees and expenses of such counsel (other than reasonable costs of investigation which shall
remain the expense of the Company) shall be at the expense of such indemnified party unless (i) in the case of an Underwriter Indemnified
Party, the employment thereof has been specifically authorized in writing by the Company in the case of a claim for indemnification
under <U>Section&nbsp;7(a)</U>, or the Underwriter in the case of a claim for indemnification under <U>Section 7(b)</U>, or (ii)
such indemnified party shall have been advised by its counsel that there may be one or more legal defenses available to it which
are different from or additional to those available to the indemnifying party, or (iii) the indemnifying party has failed to assume
the defense of such action and employ counsel reasonably satisfactory to the indemnified party within a reasonable period of time
after notice of the commencement of the action or the indemnifying party does not diligently defend the action after assumption
of the defense, in which case, if such indemnified party notifies the indemnifying party in writing that it elects to employ separate
counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of (or,
in the case of a failure to diligently defend the action after assumption of the defense, to continue to defend) such action on
behalf of such indemnified party and the indemnifying party shall be responsible for legal or other expenses subsequently incurred
by such indemnified party in connection with the defense of such action; <I>provided, however</I>, that the indemnifying party
shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction
arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate
firm of attorneys at any time for all such indemnified parties (in addition to any local counsel), which firm shall be designated
in writing by the Underwriter if the indemnified parties under this <U>Section&nbsp;7</U> consist of any Underwriter Indemnified
Party or by the Company if the indemnified parties under this <U>Section&nbsp;7</U> consist of any Company Indemnified Parties.
Subject to this <U>Section&nbsp;7(c)</U>, the amount payable by an indemnifying party under <U>Section&nbsp;7</U> shall include,
but not be limited to, (x) reasonable legal fees and expenses of counsel to the indemnified party and any other expenses in investigating,
or preparing to defend or defending against, or appearing as a third party witness in respect of, or otherwise incurred in connection
with, any action, investigation, proceeding or claim, and (y) all amounts paid in settlement of any of the foregoing. No indemnifying
party shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of judgment
with respect to any pending or threatened action or any claim whatsoever, in respect of which indemnification or contribution could
be sought under this <U>Section&nbsp;7</U> (whether or not the indemnified parties are actual or potential parties thereto), unless
such settlement, compromise or consent (i) includes an unconditional release of each indemnified party in form and substance reasonably
satisfactory to such indemnified party from all liability arising out of such action or claim and (ii) does not include a statement
as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. Subject to the provisions
of the following sentence, no indemnifying party shall be liable for settlement of any pending or threatened action or any claim
whatsoever that is effected without its written consent (which consent shall not be unreasonably withheld or delayed), but if settled
with its written consent, or if its consent has been unreasonably withheld or delayed, or if there be a judgment for the plaintiff
in any such matter, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss
or liability by reason of such settlement or judgment. In addition, if at any time an indemnified party shall have requested that
an indemnifying party reimburse the indemnified party for reasonable fees and expenses of counsel, such indemnifying party agrees
that it shall be liable for any settlement of the nature contemplated herein effected without its written consent if (i) such settlement
is entered into more than forty-five (45) days after receipt by such indemnifying party of the request for reimbursement, (ii)
such indemnifying party shall have received notice of the terms of such settlement at least thirty (30) days prior to such settlement
being entered into and (iii) such indemnifying party shall not have reimbursed such indemnified party in accordance with such request
prior to the date of such settlement.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#9;<U>Contribution</U>. If
the indemnification provided for in this <U>Section&nbsp;7</U> is unavailable or insufficient to hold harmless an indemnified party
under <U>Section&nbsp;7(a)</U> or <U>Section&nbsp;7(b)</U>, then each indemnifying party shall, in lieu of indemnifying such indemnified
party, contribute to the amount paid, payable or otherwise incurred by such indemnified party as a result of such loss, claim,
damage, expense or liability (or any action, investigation or proceeding in respect thereof), as incurred, (i) in such proportion
as shall be appropriate to reflect the relative benefits received by the Company on the one hand and the Underwriter on the other
hand from the Offering of the Shares, or (ii) if the allocation provided by clause (i) of this <U>Section&nbsp;7(d)</U> is not
permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause
(i) of this <U>Section&nbsp;7(d)</U> but also the relative fault of the Company on the one hand and the Underwriter on the other
with respect to the statements, omissions, acts or failures to act which resulted in such loss, claim, damage, expense or liability
(or any action, investigation or proceeding in respect thereof) as well as any other relevant equitable considerations. The relative
benefits received by the Company on the one hand and the Underwriter on the other with respect to such Offering shall be deemed
to be in the same proportion as the total net proceeds from the Offering of the Shares purchased under this Agreement (before deducting
expenses) received by the Company bear to the total compensation received by the Underwriter in connection with the Offering, in
each case as set forth in the table on the cover page of the Prospectus. The relative fault of the Company on the one hand and
the Underwriter on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company
on the one hand or the Underwriter on the other, the intent of the parties and their relative knowledge, access to information
and opportunity to correct or prevent such untrue statement, omission, act or failure to act; <I>provided</I> that the parties
hereto agree that the written information furnished to the Company by or on behalf of the Underwriter for use in the Registration
Statement or the Prospectus, or in any amendment or supplement thereto, consists solely of the Underwriter&rsquo;s Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#9;<U>Allocation</U>. The
Company and the Underwriter agree that it would not be just and equitable if contributions pursuant to <U>Section&nbsp;7(d)</U>
above were to be determined by pro rata allocation or by any other method of allocation that does not take into account the equitable
considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, damage, expense,
liability, action, investigation or proceeding referred to above in <U>Section&nbsp;7(d)</U> shall be deemed to include, for purposes
of this <U>Section&nbsp;7(e)</U>, any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating, preparing to defend or defending against or appearing as a third party witness in respect of, or otherwise incurred
in connection with, any such loss, claim, damage, expense, liability, action, investigation or proceeding. Notwithstanding the
provisions of this <U>Section&nbsp;7(e)</U>, the Underwriter shall not be required to contribute any amount in excess of the total
compensation received by the Underwriter hereunder less the amount of any damages which the Underwriter has otherwise paid or become
liable to pay by reason of any untrue or alleged untrue statement, omission or alleged omission, act or alleged act or failure
to act or alleged failure to act. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>8.&#9;<U>Termination</U></B><I>. </I>The
obligations of the Underwriter hereunder may be terminated by the Underwriter, in its absolute discretion by notice given to the
Company prior to delivery of and payment for the Shares if, prior to that time, any of the events described in <U>Section 6(i)</U>,
<U>Section 6(j)</U> or <U>Section 6(k)</U> have occurred.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>9.&#9;<U>Reimbursement of Underwriter&rsquo;s
Expenses</U></B>. Notwithstanding anything to the contrary in this Agreement, if (a) this Agreement shall have been terminated
pursuant to <U>Section 8</U> for any of the events described in Section 6(i) or 6(j), (b) the Company shall fail to tender the
Shares to the Underwriter for any reason not permitted under this Agreement, (c) the Underwriter shall decline to purchase the
Shares for any reason permitted under this Agreement or (d) the sale of the Shares is not consummated because any condition to
the obligations of the Underwriter set forth herein is not satisfied or because of the refusal, inability or failure on the part
of the Company to perform any agreement herein or to satisfy any condition or to comply with the provisions hereof, then, the Company
shall reimburse the Underwriter&rsquo;s out-of-pocket expenses in accordance with <U>Section 5</U> and, in addition, the Company
shall reimburse the Underwriter for the reasonable fees and expenses of the Underwriter&rsquo;s counsel and for all other accountable
out-of-pocket expenses as shall have been reasonably incurred by them in connection with this Agreement and the proposed Offering,
and promptly upon demand the Company shall pay the full amount thereof to the Underwriter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>10.&#9;<U>Absence of Fiduciary Relationship</U></B>.
The Company acknowledges and agrees that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;the Underwriter&rsquo;s
responsibility to the Company is solely contractual in nature, the Underwriter has been retained solely to act as Underwriter in
connection with the Offering and no fiduciary, advisory or agency relationship between the Company and the Underwriter has been
created in respect of any of the transactions contemplated by this Agreement, irrespective of whether the Underwriter has advised
or are advising the Company on other matters;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;the price of the Shares
set forth in this Agreement was established by the Company following discussions and arm&rsquo;s-length negotiations with the Underwriter,
and the Company is capable of evaluating and understanding, and understands and accepts, the terms, risks and conditions of the
transactions contemplated by this Agreement;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#9;it has been advised that
the Underwriter and its affiliates are engaged in a broad range of transactions which may involve interests that differ from those
of the Company and that the Underwriter has no obligation to disclose such interests and transactions to the Company by virtue
of any fiduciary, advisory or agency relationship; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#9;it waives, to the fullest
extent permitted by law, any claims it may have against the Underwriter for breach of fiduciary duty or alleged breach of fiduciary
duty and agrees that the Underwriter shall have no liability (whether direct or indirect) to the Company in respect of such a fiduciary
duty claim or to any person asserting a fiduciary duty claim on behalf of or in right of the Company, including stockholders, employees
or creditors of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>11.&#9;<U>Successors; Persons Entitled
to Benefit of Agreement</U></B><I>. </I>This Agreement shall inure to the benefit of and be binding upon the Underwriter, the Company,
and their respective successors and assigns. Nothing expressed or mentioned in this Agreement is intended or shall be construed
to give any person, other than the persons mentioned in the preceding sentence, any legal or equitable right, remedy or claim under
or in respect of this Agreement, or any provisions herein contained, this Agreement and all conditions and provisions hereof being
intended to be and being for the sole and exclusive benefit of such persons and for the benefit of no other person; except that
the representations, warranties, covenants, agreements and indemnities of the Company contained in this Agreement shall also be
for the benefit of the Underwriter Indemnified Parties and the indemnities of the Underwriter shall be for the benefit of the Company
Indemnified Parties. It is understood that the Underwriter&rsquo;s responsibility to the Company is solely contractual in nature
and the Underwriter does not owe the Company, or any other party, any fiduciary duty as a result of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>12.&#9;<U>Survival of Indemnities, Representations,
Warranties, Etc</U></B><I>. </I>The respective indemnities, covenants, agreements, representations, warranties and other statements
of the Company and the Underwriter, as set forth in this Agreement or made by them respectively, pursuant to this Agreement, shall
remain in full force and effect, regardless of any investigation made by or on behalf of the Underwriter, the Company or any person
controlling any of them and shall survive delivery of and payment for the Shares. Notwithstanding any termination of this Agreement,
including without limitation any termination pursuant to <U>Section&nbsp;8</U>, the indemnity and contribution agreements contained
in <U>Section&nbsp;7</U> and the covenants, representations and warranties set forth in this Agreement shall not terminate and
shall remain in full force and effect at all times.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>13.&#9;<U>Notices</U></B><I>. </I>All
statements, requests, notices and agreements hereunder shall be in writing, and:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;if to the Underwriter,
shall be delivered or sent by mail, facsimile transmission, overnight courier or email to B. Riley &amp; Co., LLC, Attention: Chris
Sigala, 11100 Santa Monica Blvd., Suite 800, Los Angeles, CA, 90025, with a copy to Larry A. Cerutti, Esq., Troutman Sanders, LLP,
5 Park Plaza, Suite 1400, Irvine, CA, 92614; and</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;if to the Company, shall
be delivered or sent by mail, facsimile transmission, overnight courier or email to WidePoint Corporation, Attention Jim McCubbin,
7926 Jones Branch Drive, Suite 520, McLean, CA 22102; with a copy to Tom James, Esq., Foley &amp; Lardner LLP, 300 K Street, N.W.,
Suite 600, Washington D.C. 20007.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>14.&#9;<U>Definition of Certain Terms</U></B><I>.
</I>For purposes of this Agreement &ldquo;<B>business day</B>&rdquo; means any day on which the NYSE MKT is open for trading.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>15.&#9;<U>Governing Law, Agent for Service
and Jurisdiction</U></B>. This Agreement shall be governed by and construed in accordance with the laws of the State of California.
No legal proceeding may be commenced, prosecuted or continued in any court other than the courts of the State of California located
in the County of Los Angeles or in the United States District Court for the Southern District of Los Angeles, which courts shall
have jurisdiction over the adjudication of such matters, and the Company and the Underwriter each hereby consent to the jurisdiction
of such courts and personal service with respect thereto. To the extent permissible under applicable law, the Company and the Underwriter
each hereby consent to personal jurisdiction, service and venue in any court in which any legal proceeding arising out of or in
any way relating to this Agreement is brought by any third party against the Company or the Underwriter. The Company and the Underwriter
each hereby waive all right to trial by jury in any legal proceeding (whether based upon contract, tort or otherwise) in any way
arising out of or relating to this Agreement. The Company agrees that a final judgment in any such legal proceeding brought in
any such court shall be conclusive and binding upon the Company and the Underwriter and may be enforced in any other courts in
the jurisdiction of which the Company is or may be subject, by suit upon such judgment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>16.&#9;<U>Underwriter&rsquo;s Information</U></B><I>.
</I>The parties hereto acknowledge and agree that, for all purposes of this Agreement, the &ldquo;<B>Underwriter&rsquo;s Information</B>&rdquo;
consists solely of the following information: the information in the tenth, eleventh and twelfth paragraphs included in the &ldquo;Underwriting&rdquo;
section of the Prospectus.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>17.&#9;<U>Partial Unenforceability</U></B><I>.
</I>The invalidity or unenforceability of any section, paragraph, clause or provision of this Agreement shall not affect the validity
or enforceability of any other section, paragraph, clause or provision hereof. If any section, paragraph, clause or provision of
this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes
(and only such minor changes) as are necessary to make it valid and enforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>18.&#9;<U>General</U></B><I>. </I>This
Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior written or oral and all contemporaneous
oral agreements, understandings and negotiations with respect to the subject matter hereof. In this Agreement, the masculine, feminine
and neuter genders and the singular and the plural include one another. The section headings in this Agreement are for the convenience
of the parties only and will not affect the construction or interpretation of this Agreement. This Agreement may be amended or
modified, and the observance of any term of this Agreement may be waived, only by a writing signed by the Company and the Underwriter.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>19.&#9;<U>Research Analyst Independence</U></B>.
The Company acknowledges that the Underwriter&rsquo;s research analysts and research departments are required to be independent
from its investment banking division and are subject to certain regulations and internal policies, and that the Underwriter&rsquo;s
research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect
to the Company and/or the Offering that differ from the views of their investment banking division. The Company acknowledges that
the Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, rules and
regulations, may effect transactions for its own account or the account of its customers and hold long or short positions in debt
or equity securities of the Company; <I>provided, however</I>, that nothing in this <U>Section 19 </U>shall relieve the Underwriter
of any responsibility or liability it may otherwise bear in connection with activities in violation of applicable securities laws,
rules or regulations</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>20.&#9;<U>Counterparts</U></B><I>. </I>This
Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument and such signatures may be delivered by facsimile.</P>

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

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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the foregoing is in accordance with your
understanding of the agreement between the Company and the Underwriter, kindly indicate your acceptance in the space provided for
that purpose below.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Very truly yours,</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>WIDEPOINT CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD NOWRAP>By:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Steve L. Komar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Steve L. Komar</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Its: President and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">Accepted as of the date first above written:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><B>B. RILEY &amp; CO., LLC</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>By:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Bryant Riley</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">Name: Bryant Riley</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">Its: Chairman</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to the Underwriting Agreement]</P>



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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B><U>SCHEDULE A</U></B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Number of Shares to be Sold: 9,057,972 (including Additional
Shares)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Public Offering Price: $1.38 per Share</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Underwriting Discount: $0.0828 per Share</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 220.5pt; text-indent: -220.5pt">Proceeds to the Company (before
expenses): $11,750,001.28 (assuming sale of Additional Shares)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 220.5pt; text-indent: -220.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 220.5pt; text-indent: -220.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 220.5pt; text-indent: -220.5pt">&nbsp;</P>




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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WP NBIL, Inc., an Illinois corporation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WidePoint IL, Inc., an Illinois corporation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Operational Research Consultants, Inc., a Virginia corporation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">iSYS LLC, a Virginia limited liability company,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Protexx Technology Corporation, a Delaware corporation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Advanced Response Concepts Corporation, a Delaware corporation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WidePoint Ohio Real Estate Corp., an Ohio corporation,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WidePoint Solutions Corp., a Delaware corporation</P>

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

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

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




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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>List of persons signing lock-up agreements</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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





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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Free Writing Prospectus dated February 26, 2014.</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form of Lock-Up Agreement</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">B. Riley&nbsp;&amp; Co., LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11100 Santa Monica Boulevard</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite&nbsp;800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Los Angeles, CA 90025</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">February <FONT STYLE="font-size: 10pt">26,
</FONT>2014</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Re:&nbsp; Widepoint Corporation - Public Offering of Shares</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In order to induce B. Riley&nbsp;&amp; Co.,
LLC (&ldquo;<B>B. Riley</B>&rdquo;) to enter into an underwriting agreement with WidePoint Corporation, a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;), with respect to the public offering (the &ldquo;<B>Offering</B>&rdquo;) of shares of the Company&rsquo;s
common stock, $0.001 par value (&ldquo;<B>Common Stock</B>&rdquo;), the undersigned hereby agrees that for a period (the &ldquo;<B>lock-up
period</B>&rdquo;) of <FONT STYLE="font-size: 10pt">90</FONT> days following the date of the final prospectus supplement filed
by the Company with the Securities and Exchange Commission in connection with such Offering (the &ldquo;<B>Prospectus Supplement</B>&rdquo;),
the undersigned will not, without the prior written consent of B. Riley, directly or indirectly, (i)&nbsp;offer, sell, assign,
transfer, pledge, contract to sell, or otherwise dispose of, any shares of Common Stock or securities convertible into or exercisable
or exchangeable for Common Stock (including, without limitation, shares of Common Stock or any such securities which may be deemed
to be beneficially owned by the undersigned in accordance with the rules&nbsp;and regulations promulgated under the Securities
Exchange Act of 1934, as the same may be amended or supplemented from time to time (the &ldquo;<B>Exchange Act</B>&rdquo;) (such
shares or securities, the &ldquo;<B>Beneficially Owned Shares</B>&rdquo;)), (ii)&nbsp;enter into any swap, hedge or other agreement
or arrangement that transfers in whole or in part, the economic risk of ownership of any Beneficially Owned Shares, Common Stock
or securities convertible into or exercisable or exchangeable for Common Stock, or (iii)&nbsp;engage in any short selling of any
Beneficially Owned Shares, Common Stock or securities convertible into or exercisable or exchangeable for Common Stock.&nbsp; The
foregoing sentence shall not apply to (a) transfers of any Beneficially Owned Shares, Common Stock or securities convertible into
or exercisable or exchangeable for Common Stock as a bona fide gift, (b)&nbsp;in the case of a natural person, transfers of any
Beneficially Owned Shares, Common Stock or securities convertible into or exercisable or exchangeable for Common Stock by will
or intestate succession or to any trust or partnership for the direct or indirect benefit of the undersigned or any member of the
immediate family of the undersigned, (c)&nbsp;in connection with the withholding by the Company or surrender of securities in order
to satisfy tax liabilities with respect to such issuance or vesting or any deemed disposition or deemed sale with respect to such
securities, or (d) sales pursuant to a plan adopted pursuant to Rule 10b5-1 under the Exchange Act (the &ldquo;<B>10b5-1 Plan</B>&rdquo;),
to the extent that a copy of such plan has been provided to the B. Riley prior to the date hereof and any filing made pursuant
to Section 16(a) reporting such sale shall indicate that the sale was made pursuant to the 10b5-1 Plan; provided that in the case
of any transfer or distribution pursuant to clause (a) or (b), each donee, pledgee, distributee or transferee shall sign and deliver
a lock-up agreement substantially in the form of this Agreement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of clarity, the undersigned
shall be permitted to exercise any outstanding stock options issued by the Company to the undersigned pursuant to equity compensation
plans in existence on the date hereof; provided that all shares of Common Stock issued upon such exercise shall continue to be
subject to the restrictions in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the purposes of this agreement, &ldquo;<B>immediate
family</B>&rdquo; shall mean spouse, domestic partner, lineal descendant (including adopted children), father, mother, brother
or sister of the transferor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, the undersigned hereby waives,
from the date hereof until the expiration of the 90-day period following the date of the Prospectus Supplement, any and all rights,
if any, to request or demand registration pursuant to the Securities Act of 1933, as amended, of any shares of Common Stock or
securities convertible into or exercisable or exchangeable for Common Stock that are registered in the name of the undersigned
or that are Beneficially Owned Shares.&nbsp; In order to enable the aforesaid covenants to be enforced, the undersigned hereby
consents to the placing of legends and/or stop transfer orders with the transfer agent of the Common Stock with respect to any
shares of Common Stock, securities convertible into or exercisable or exchangeable for Common Stock or Beneficially Owned Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If (i)&nbsp;the Company notifies B. Riley
in writing that it does not intend to proceed with the Offering, (ii)&nbsp;for any reason the Offering is terminated prior to the
payment for and delivery of the Common Stock or (iii)&nbsp;the Offering shall not have been completed by March 14, 2014, then upon
the occurrence of any such event, this Agreement shall immediately be terminated and the undersigned shall be released from its
obligations hereunder.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">[Signatory]</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 49%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>Name:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>Its:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>v369784_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%">&nbsp;<IMG SRC="image_003.jpg" ALT=""></TD>
    <TD STYLE="width: 30%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase"><B>ATTORNEYS
        AT LAW</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 8; text-transform: uppercase">&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase">ONE
        INDEPENDENT DRIVE, SUITE 1300</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase">Jacksonville,
        Florida 32202-5017</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase">P.
        O. Box 240</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase">Jacksonville,
        Florida 32201-0240</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase">904.359.2000
        TEL</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8; text-transform: uppercase">904.359.8700
        FAX</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8"><U>www.foley.com</U></FONT></P></TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">February 26, 2014</P>


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">7926 Jones Branch Drive</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Suite 250</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">McLean, Virginia, 22102</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Ladies and Gentlemen:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">This opinion is being
furnished in connection with the Registration Statement on Form S-3 (Registration No. 333-193250) of WidePoint Corporation (the
&ldquo;Company&rdquo;) under the Securities Act of 1933, as amended, for (i) the offer and sale of 7,876,497 shares of common stock,
par value $0.001 per share, of the Company (the &ldquo;<U>Underwritten Shares</U>&rdquo;), and (ii) the sale by the Company, at
the option of the underwriters, of up to 1,181,475 shares of common stock, solely to cover over-allotments (the &ldquo;<U>Option
Shares</U>&rdquo; and, together with the Underwritten Shares, the &ldquo;<U>Shares</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">In connection with
the offer and sale of the Underwritten Shares and any Option Shares, we have examined and are familiar with: (a) the certificate
of incorporation and bylaws of the Company, as presently in effect, (b) the proceedings of and actions taken by the board of directors
of the Company and a duly authorized committee of the Board of Directors in connection with the offer and sale of the Underwritten
Shares and any Option Shares, and (c) such other records, certificates and documents as we have considered necessary or appropriate
for purposes of this opinion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">Based on the documents
set forth above, we are of the opinion that the Underwritten Shares have been duly authorized, and when delivered against payment
therefore, will be legally issued, fully paid and nonassessable. Furthermore, based on the documents set forth above, we are of
the opinion that any Option Shares have been duly authorized, and when duly issued and delivered against payment therefore, will
be legally issued, fully paid and nonassessable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">We render no opinion
as to the effect of the laws of any state or jurisdiction other than the corporate law of the State of Delaware. We assume no obligation
to supplement this opinion letter if any applicable law changes after the date hereof or if we become aware of any fact that might
change the opinions expressed herein after the date hereof.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">Boston</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">Brussels</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">CHICAGO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">Detroit</FONT></P></TD>
    <TD STYLE="width: 20%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">JACKSONVILLE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">LOS
        ANGELES</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">MADISON</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">MIAMI</FONT></P></TD>
    <TD STYLE="width: 20%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">MILWAUKEE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">NEW
        YORK</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">ORLANDO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">SACRAMENTO</FONT></P></TD>
    <TD STYLE="width: 20%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">SAN
                                         DIEGO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">SAN
        DIEGO/DEL MAR</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">SAN
        FRANCISCO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">SHANGHAI</FONT></P></TD>
    <TD STYLE="width: 20%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">SILICON
                                         VALLEY</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">TALLAHASSEE</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">TAMPA</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">TOKYO</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase"><FONT STYLE="font-size: 8">WASHINGTON,
        D.C.</FONT></P></TD></TR>
</TABLE>


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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><IMG SRC="image_004.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February 26, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">We hereby consent
to the inclusion of this opinion as Exhibit 5.1 in said Registration Statement and to the reference to this firm under the caption
&ldquo;Legal Matters&rdquo; in the prospectus supplement relating to the offering of the Shares dated February 26, 2014. In giving
this consent we do not hereby admit that we come within the category of persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended, or the rules or regulations of the Securities and Exchange Commission promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.25in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">/s/ FOLEY &amp; LARDNER LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>v369784_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_002.jpg" ALT="WYY logo" STYLE="height: 52px; width: 144px"><BR CLEAR="ALL">&nbsp;</P>

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 57%">Jim McCubbin, EVP &amp; CFO</td>
    <TD STYLE="width: 43%">Brett Maas or David Fore</td></tr>
<tr style="vertical-align: top">
    <TD>WidePoint Corporation</td>
    <TD>Hayden IR</td></tr>
<tr style="vertical-align: top">
    <TD>7926 Jones Branch Drive, Suite 520</td>
    <TD>(646) 536-7331</td></tr>
<tr style="vertical-align: top">
    <TD>McLean, VA 22102</td>
    <TD><U>brett@haydenir.com</U></td></tr>
<tr style="vertical-align: top">
    <TD>(703) 349-2577</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD><U>jmccubbin@widepoint.com</U></td>
    <TD>&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PUBLIC OFFERING OF COMMON STOCK </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">McLean, Virginia &ndash; February 25, 2014
&ndash; WidePoint Corporation (NYSE Mkt: WYY), a leading provider of secure, cloud-based, enterprise-wide solutions and services
in mobile communications management and identity management, announced today that it intends to offer shares of its common stock
in an underwritten public offering. All of the shares in the offering are to be sold by WidePoint. WidePoint also expects to grant
the underwriter a 30-day option to purchase additional shares of WidePoint&rsquo;s common stock to cover over-allotments, if any.
The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed,
or as to the final size or terms of the offering<FONT STYLE="font-size: 10pt">.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the offering, B. Riley
&amp; Co., LLC is acting as sole book-running manager.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WidePoint expects to use the net proceeds from the offering
for general corporate purposes, including for repayment of debt, acquiring businesses and investing in other businesses.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A shelf registration statement (No. 333-193250)
relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission
(SEC) and is effective. A preliminary prospectus supplement and accompanying base prospectus relating to the offering have been
filed with the SEC and are available on the SEC&rsquo;s website located at <U>www.sec.gov</U>. Electronic copies of the preliminary
prospectus supplement, when available, may be obtained by contacting the Compliance Department, B. Riley &amp; Co., LLC, 11100
Santa Monica Blvd., Suite 800, Los Angeles, California 90025 at (888) 295-0155 and at <U>compliance@brileyco.com</U>. Before you
invest, you should read the preliminary prospectus supplement and accompanying prospectus in the registration statement and other
documents WidePoint has filed or will file with the SEC for more complete information about WidePoint and the offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release does not constitute
an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or sale is not permitted.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WidePoint is a leading provider of secure,
cloud-delivered, enterprise-wide mobile and information technology-based solutions that can enable enterprises and agencies to
deploy fully compliant IT services in accordance with government mandated regulations and advanced system requirements. WidePoint
has several major government and commercial contracts. For more information, visit <U>www.widepoint.com</U>.</P>

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

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

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

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>5
<FILENAME>v369784_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_001.jpg" ALT="WYY logo" STYLE="height: 52px; width: 144px"><BR CLEAR="ALL">
&nbsp;</P>

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 57%">Jim McCubbin, EVP &amp; CFO</td>
    <TD STYLE="width: 43%">Brett Maas or David Fore</td></tr>
<tr style="vertical-align: top">
    <TD>WidePoint Corporation</td>
    <TD>Hayden IR</td></tr>
<tr style="vertical-align: top">
    <TD>7926 Jones Branch Drive, Suite 520</td>
    <TD>(646) 536-7331</td></tr>
<tr style="vertical-align: top">
    <TD>McLean, VA 22102</td>
    <TD><U>brett@haydenir.com</U></td></tr>
<tr style="vertical-align: top">
    <TD>(703) 349-2577</td>
    <TD>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD><U>jmccubbin@widepoint.com</U></td>
    <TD>&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PUBLIC OFFERING OF COMMON STOCK </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">McLean, Virginia &ndash; February 26, 2014
&ndash; WidePoint Corporation (NYSE Mkt: WYY), a leading provider of secure, cloud-based, enterprise-wide solutions and services
in mobile communications management and identity management, announced today the pricing of an underwritten public offering of
7,876,497 shares of its common stock at a purchase price of $1.38 per share. The gross proceeds to the Company from this offering
are expected to be approximately $10.9 million, before deducting underwriting discounts and other estimated offering expenses.
In addition, WidePoint has granted the underwriters a 30-day option to purchase up to an aggregate of 1,181,475 additional shares
of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by WidePoint. While the offering
is expected to close on February 28, 2014, the closing of the offering is subject to customary closing conditions and therefore
there can be no assurance as to whether or when the offering will be completed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">WidePoint expects to use the net proceeds from the offering
for general corporate purposes, including for repayment of debt, acquiring businesses and investing in other businesses.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Commenting on the offering, Steve Komar,
Chairman and CEO of WidePoint, said, &ldquo;This capital raise marks the beginning of an important chapter in the Company&rsquo;s
history. Over the previous few years including 2013, the Company suffered from numerous headwinds including federal budgetary constraints,
government sequestration and costly efforts to defend various contract awards. As we enter 2014, we are pleased to leave these
issues behind us and move forward with a stable base of recurring revenue, a $600 million blanket purchase agreement with the Department
of Homeland Security that we continue to believe has the opportunity to contribute more than $75 million in incremental annual
revenue once fully ramped, and a number of compelling growth opportunities in both the federal and commercial markets. This new
capital will help support and foster this positive business momentum, while accelerating growth and positioning the business for
long-term value creation.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the offering, B. Riley
&amp; Co., LLC is acting as sole book-running manager.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A shelf registration statement (No. 333-193250)
relating to the shares of common stock to be issued in the offering has been filed with the Securities and Exchange Commission
(SEC) and is effective. A preliminary prospectus supplement and accompanying base prospectus relating to the offering was filed
with the SEC on February 25, 2014, and the final prospectus supplement and accompanying base prospectus relating to the offering
will be filed with the SEC and will be available on the SEC&rsquo;s website located at www.sec.gov. In addition, electronic copies
of the final prospectus supplement and accompanying prospectus, when available, may be obtained by contacting the by contacting
the Compliance Department, B. Riley &amp; Co., LLC, 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025 at (888)
295-0155 and at compliance@brileyco.com.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release does not constitute
an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or sale is not permitted.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WidePoint is a leading provider of secure,
cloud-delivered, enterprise-wide mobile and information technology-based solutions that can enable enterprises and agencies to
deploy fully compliant IT services in accordance with government mandated regulations and advanced system requirements. WidePoint
has several major government and commercial contracts. For more information, visit <U>www.widepoint.com</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of
historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect
to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of
operations; (iii) the company's growth strategy and operating strategy; (iv) the company&rsquo;s ability to generate revenue under
the blanket purchase agreement with the Department of Homeland Security; and (v) the risk factors disclosed in the Company's periodic
reports filed with the SEC. The words &quot;may,&quot; &quot;would,&quot; &quot;will,&quot; &quot;expect,&quot; &quot;estimate,&quot;
&quot;anticipate,&quot; &quot;believe,&quot; &quot;intend&quot; and similar expressions and variations thereof are intended to
identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results
may differ materially from those projected in the forward-looking statements as a result of various factors including the risk
factors disclosed in the company's Forms 10-K and 10-Q filed with the SEC.</I></P>

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

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



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

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

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<FILENAME>image_003.jpg
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