<SEC-DOCUMENT>0001104659-20-072297.txt : 20200611
<SEC-HEADER>0001104659-20-072297.hdr.sgml : 20200611
<ACCEPTANCE-DATETIME>20200611121738
ACCESSION NUMBER:		0001104659-20-072297
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200611
DATE AS OF CHANGE:		20200611
GROUP MEMBERS:		HEIGHTS CAPITAL MNAGEMENT, INC.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CEMTREX INC
		CENTRAL INDEX KEY:			0001435064
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS & ACCESSORIES [3670]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-89868
		FILM NUMBER:		20956666

	BUSINESS ADDRESS:	
		STREET 1:		276 GREENPOINT AVE. BLD 8 SUITE 208
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11222
		BUSINESS PHONE:		631 756 9116

	MAIL ADDRESS:	
		STREET 1:		276 GREENPOINT AVE. BLD 8 SUITE 208
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11222

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CVI Investments, Inc.
		CENTRAL INDEX KEY:			0001649553
		IRS NUMBER:				981253664
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 309
		STREET 2:		UGLAND HOUSE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104
		BUSINESS PHONE:		345-949-8080

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 309
		STREET 2:		UGLAND HOUSE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>tm2022311-1_sc13g.htm
<DESCRIPTION>SC 13G
<TEXT>
<HTML>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="margin: 0">&nbsp;CUSIP No: 15130G600</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">SECURITIES AND EXCHANGE COMMISSION</P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<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">SCHEDULE 13G</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">(Rule 13d-102)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TO &sect; 240.13d-1(b), (c) AND (d) AND
AMENDMENTS THERETO FILED</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO &sect; 240.13d-2.</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">(Amendment No. ____)*</P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt">Cemtrex Inc.</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Common Stock, $0.001 par value per share</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Title of Class of Securities)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">15130G600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(CUSIP Number)</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">June 1, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of Event Which Requires Filing of
this statement)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:</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; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(b)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#120;</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(c)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule 13d-1(d)</P>


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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">*The remainder of this cover page shall
be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.</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: 0.25in">The information required in the remainder
of this cover page shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934
(&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).</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"></P>

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

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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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"></P>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse: collapse; width: 100%">
<TR>
<TD COLSPAN="6" STYLE="padding: 3pt; width: 100%; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CUSIP
No: &nbsp;&nbsp;&nbsp;&nbsp;15130G600</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="border-right: Black medium none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; border-left: Black medium none; width: 91.3%; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NAMES OF REPORTING
PERSONS</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> CVI Investments,
Inc.</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding: 3pt; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top; padding: 3pt; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)
</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; width: 91%; padding: 3pt; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding: 3pt; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top; padding: 3pt; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; padding: 3pt; width: 5.26%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
<TD COLSPAN="2" STYLE="border-top: Black medium none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; text-align: right; border-right: Black medium none; border-left: Black medium none; width: 86.04%; width: 86.04%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)
                                                                                                                                                                                                                                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding: 3pt; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top; padding: 3pt; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; padding: 3pt; width: 5.26%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 86.04%; text-align: right; width: 86.04%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)
                                                                                                                                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding: 3pt; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top; padding: 3pt; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91.3%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SEC USE ONLY</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding: 3pt; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top; padding: 3pt; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CITIZENSHIP OR PLACE
OF ORGANIZATION</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> Cayman Islands</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 13%; width: 13.84%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4%; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-left: 0in; margin-right: 0in; text-align: right"></P>    </TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 81%; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="3" ROWSPAN="7" STYLE="font: 10pt Times New Roman, Times, Serif; width: 13.84%; white-space: nowrap; text-align: left; padding-top: 3pt; padding-right: 3pt; padding-bottom: 3pt; width: 13.84%; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Number
of</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Shares</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Beneficially</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Owned
by</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Each</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Reporting</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Person
With</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(5)</FONT></P>    </TD>
<TD STYLE="border-bottom: windowtext 1pt none; width: 81%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding: 3pt; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SOLE VOTING POWER</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; width: 86%; vertical-align: top; padding: 3pt; width: 86.16%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(6)</FONT></P>    </TD>
<TD STYLE="border-bottom: windowtext 1pt none; width: 81%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding: 3pt; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;SHARED VOTING
POWER **</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">763,889</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(7)</FONT></P>    </TD>
<TD STYLE="border-bottom: windowtext 1pt none; width: 81%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding: 3pt; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SOLE DISPOSITIVE
POWER</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 5pt 3pt 3pt; width: 86.16%; vertical-align: top; width: 86.16%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 8pt 3pt 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(8)</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 8pt 3pt 3pt; width: 81%; vertical-align: bottom; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;SHARED DISPOSITIVE
POWER **</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">763,889</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; width: 100%"></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(9)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">763,889</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(10)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) </FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%; padding: 3pt; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; vertical-align: top; padding: 3pt; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(11)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.8%</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(12)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: top; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TYPE OF REPORTING
PERSON (SEE INSTRUCTIONS)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CO</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; height: 0px">
<TD STYLE="border-style: none; width: 24px; font: 10pt Times New Roman, Times, Serif"></TD>
<TD STYLE="border-style: none; width: 40px; font: 10pt Times New Roman, Times, Serif; text-align: center"></TD>
<TD STYLE="border-style: none; width: 38px; font: 10pt Times New Roman, Times, Serif"></TD>
<TD STYLE="border-style: none; width: 1px; font: 10pt Times New Roman, Times, Serif"></TD>
<TD STYLE="border-style: none; width: 32px; font: 10pt Times New Roman, Times, Serif"></TD>
<TD STYLE="border-style: none; width: 574px; font: 10pt Times New Roman, Times, Serif"></TD>   </TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">** Heights Capital Management, Inc. is the investment manager
to CVI Investments, Inc. and as such may exercise voting and dispositive power over these 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"></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"></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"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="100%" STYLE="border-collapse: collapse; width: 100%">
<TR>
<TD COLSPAN="6" STYLE="padding: 3pt; width: 100%; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CUSIP
No: &nbsp;&nbsp;&nbsp;&nbsp;15130G600</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="border-right: Black medium none; border-left: Black medium none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91.3%; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NAMES OF REPORTING
PERSONS</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> Heights Capital Management, Inc.</FONT></P></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)
</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; width: 5.26%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
<TD COLSPAN="2" STYLE="border-top: Black medium none; border-right: Black medium none; border-left: Black medium none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; text-align: right; width: 86.04%; width: 86.04%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)
                                                                                                                                                                                                                                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; width: 5.26%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
<TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 86.04%; text-align: right; width: 86.04%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)
                                                                                                                                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91.3%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SEC USE ONLY</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CITIZENSHIP OR PLACE
OF ORGANIZATION</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><BR> Delaware</FONT></P></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 13%; width: 13.84%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4%; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-left: 0in; margin-right: 0in; text-align: right"></P>    </TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 81%; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="3" ROWSPAN="7" STYLE="font: 10pt Times New Roman, Times, Serif; width: 13.84%; white-space: nowrap; text-align: left; padding-top: 3pt; padding-right: 3pt; padding-bottom: 3pt; width: 13.84%; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Number
of</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Shares</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Beneficially</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Owned
by</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Each</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Reporting</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">Person
With</FONT></P>    </TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0in; margin-right: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(5)</FONT></P>    </TD>
<TD STYLE="border-bottom: windowtext 1pt none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 81%; vertical-align: bottom; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SOLE VOTING POWER</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 86%; vertical-align: top; width: 86.16%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(6)</FONT></P>    </TD>
<TD STYLE="border-bottom: windowtext 1pt none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 81%; vertical-align: bottom; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;SHARED VOTING
POWER **</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">763,889</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(7)</FONT></P>    </TD>
<TD STYLE="border-bottom: windowtext 1pt none; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 81%; vertical-align: bottom; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SOLE DISPOSITIVE
POWER</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 5pt 3pt 3pt; width: 86.16%; vertical-align: top; width: 86.16%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; page-break-inside: avoid">
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 8pt 3pt 3pt; width: 4.94%; vertical-align: top; width: 4.94%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(8)</FONT></P>    </TD>
<TD STYLE="border-bottom: Black 1pt none; font: 10pt Times New Roman, Times, Serif; padding: 8pt 3pt 3pt; width: 81%; vertical-align: bottom; border-top-style: none; border-right-style: none; border-left-style: none; border-bottom-style: solid; width: 81.24%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;SHARED DISPOSITIVE
POWER **</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">763,889</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(9)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">763,889</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(10)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) </FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(11)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: bottom; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.8%</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD COLSPAN="6" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 100%; vertical-align: top; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 3%; width: 3.26%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>    </TD>
<TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 5%; vertical-align: top; text-align: center; width: 5.44%"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0in; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(12)</FONT></P>    </TD>
<TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 3pt; width: 91%; vertical-align: top; width: 91.3%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TYPE OF REPORTING
PERSON (SEE INSTRUCTIONS)</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0in 0in 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CO</FONT></P>    </TD>   </TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; height: 0px">
<TD STYLE="border-style: none; font: 10pt Times New Roman, Times, Serif; width: 24px"></TD>
<TD STYLE="border-style: none; font: 10pt Times New Roman, Times, Serif; width: 40px; text-align: center"></TD>
<TD STYLE="border-style: none; font: 10pt Times New Roman, Times, Serif; width: 38px"></TD>
<TD STYLE="border-style: none; font: 10pt Times New Roman, Times, Serif; width: 1px"></TD>
<TD STYLE="border-style: none; font: 10pt Times New Roman, Times, Serif; width: 32px"></TD>
<TD STYLE="border-style: none; font: 10pt Times New Roman, Times, Serif; width: 574px"></TD>   </TR> </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">** Heights Capital Management, Inc. is the investment manager
to CVI Investments, Inc. and as such may exercise voting and dispositive power over these 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"></P>

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

<P>CUSIP No: 15130G600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 1.</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">(a) Name of Issuer</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: 0.25in">Cemtrex Inc. (the &#8220;Company&#8221;)</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) Address of Issuer&#8217;s Principal Executive Offices</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">276 Greenpoint Ave Bld. 8 Suite 208, Brooklyn,
NY 11222</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">Item 2(a). Name of Person Filing</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">This statement is filed by the entities listed below,
who are collectively referred to herein as &#8220;Reporting Persons,&#8221; with respect to the shares of common stock of the Company,
$0.001 par value per share (the &#8220;Shares&#8221;).</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD>CVI Investments, Inc.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD>Heights Capital Management, Inc.</TD></TR></TABLE>

<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 2(b). Address of Principal Business Office or, if none,
Residence</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The address of the principal business office of CVI
Investments, Inc. is:</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">P.O. Box 309GT</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">KY1-1104</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The address of the principal business office of Heights
Capital Management, Inc. is:</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">101 California Street, Suite 3250</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">San
Francisco</FONT>, California 94111</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">Item 2(c). Citizenship</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Citizenship is set forth in Row 4 of the cover page
for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.</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">Item 2(d) Title of Class of Securities</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: 45.8pt">Common stock, $0.001 par value per share</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">Item 2(e) CUSIP Number</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 71.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 45.8pt">15130G600</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 45.8pt">Item 3.</TD><TD>If this statement is filed pursuant to &sect;&sect;240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:</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">(a) <FONT STYLE="font-family: Wingdings">&#168;</FONT>
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).</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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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP No: 15130G600</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 0.25in">(b)</TD>
    <TD STYLE="width: 0.25in">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(c)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(d)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(e) </TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>An
investment adviser in accordance with &sect;240.13d-1(b)(1)(ii)(E);</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(f)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>An employee
benefit plan or endowment fund in accordance with &sect;240.13d-1(b)(1)(ii)(F);</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(g)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>A
parent holding company or control person in accordance with &sect;240.13d-1(b)(1)(ii)(G);</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(h)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>A savings
association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(i)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>A
church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3);</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(j)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>A non-U.S. institution in accordance with &sect;240.13d-1(b)(1)(ii)(J);</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>(k)</TD>
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>Group, in accordance with Rule 13d-1(b)(1)(ii)(K).</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">If filing as a non-U.S. institution in accordance with &sect;240.13d-1(b)(1)(ii)(J),
please specify the type of institution: ________________</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">Item 4. Ownership</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Provide the following information regarding
the aggregate number and percentage of the class of securities of the issuer identified in Item 1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The information required by Items 4(a) &#8211; (c)
is set forth in Rows 5 &#8211; 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for
each such Reporting Person.</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">The Company&#8217;s Prospectus Supplement (to Prospectus
dated June 14, 2017, Registration No. 333-218501), filed on June 3, 2020, indicates there were 13,072,057 Shares outstanding as
of the completion of the offering of the Shares referred to therein.</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">Heights Capital Management, Inc., which serves as
the investment manager to CVI Investments, Inc., may be deemed to be the beneficial owner of all Shares owned by CVI Investments,
Inc. Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares, except for their pecuniary interest
therein.</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">Item 5. Ownership of Five Percent or Less of a Class</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: 45.8pt">If this statement is being filed to report
the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the
class of securities, check the following: [&nbsp;&nbsp; ]</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>CUSIP No: 15130G600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 6. Ownership of More than Five Percent on Behalf of Another
Person</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: 45.8pt">Not applicable.</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">Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person</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: 45.8pt">Not applicable.</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">Item 8. Identification and Classification of Members of the
Group</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: 45.8pt">Not applicable.</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">Item 9. Notice of Dissolution of Group</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: 45.8pt">Not applicable.</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">Item 10. Certification</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: 45.8pt">By signing below each of the undersigned
certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction having that purpose or effect.</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>CUSIP No: 15130G600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SIGNATURES</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: 45.8pt">After reasonable inquiry and to the
best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this
statement is true, complete, and correct.</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">Dated: June 11, 2020</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">CVI INVESTMENTS, INC.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">HEIGHTS CAPITAL MANAGEMENT, INC.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">By: Heights Capital Management, Inc.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%">/s/ Brian Sopinsky</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">pursuant to a Limited Power of</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Name: Brian Sopinsky</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Attorney, a copy of which is attached</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Title: &nbsp;&nbsp;Secretary</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">as Exhibit I hereto</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Brian Sopinsky</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    &nbsp;&nbsp;Brian Sopinsky</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    &nbsp;&nbsp;&nbsp;&nbsp;Secretary</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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">CUSIP No: 15130G600</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></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: 9%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT</B></FONT></TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DESCRIPTION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Limited Power of Attorney</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">II</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint Filing Agreement</FONT></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"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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: left">CUSIP No: 15130G600</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>Exhibit I</B></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; text-align: center"><B>LIMITED POWER OF ATTORNEY</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 9.95pt 0pt 0; text-align: justify; text-indent: -0.25pt">THIS
LIMITED POWER OF ATTORNEY given on the 16th day of July, 2015 by CVI Investments, Inc. (hereinafter called &quot;the Company&quot;),
whose Registered Office is situated at PO Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands.</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 9.6pt 0pt 0; text-align: justify">WHEREAS, by agreement dated July
16, 2015, by and between the Company and Heights Capital Management, Inc., the Company expressly authorized Heights Capital Management,
Inc. to enter into transactions in certain designated areas as defined in the Discretionary Investment Management Agreement attached
hereto marked &quot;Appendix l.&quot;</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 9.45pt 0pt 13.3pt; text-align: justify">NOW THIS DEED WITNESSETH
that William Walmsley, Director of the Company, hereby appoints on behalf of the Company the firm of HEIGHTS CAPITAL MANAGEMENT,
INC., which through its officers, directors and employees is hereby formally granted limited power of attorney for the purpose
of entering into transactions on behalf and for the account of the Company; and to take all actions on behalf of the Company as
may be necessary to consummate such transactions, including but not limited to making, negotiating; signing, endorsing, executing,
acknowledging and delivering in the name of the Company all applications, contracts, agreements, notes, statements, certificates,
proxies and any other instruments of whatever kind and nature as may be necessary or proper in connection with the entering into
of such transactions, instructing the transfer of funds where necessary with respect to such transactions, and performing all of
the services specified under the Discretionary Investment Management Agreement with respect to such transactions.</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 10pt 0pt 0; text-align: justify; text-indent: 0.2pt">IN WITNESS
WHEREOF, the Company has caused this Limited Power of Attorney to take effect on the day and year above written.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CVI
    Investments, Inc.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;/s/ William Walmsley</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">William
    Walmsley, Director</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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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: left">CUSIP No: 15130G600</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>EXHIBIT II</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>JOINT FILING AGREEMENT</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">This will confirm the agreement by and among the undersigned
that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial
ownership by the undersigned of the shares of common stock of Cemtrex Inc., $0.001 par value per share, is being filed, and all
amendments thereto will be filed, on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under
the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument.</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">Dated as of June 11, 2020</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">CVI INVESTMENTS, INC.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">HEIGHTS CAPITAL MANAGEMENT, INC.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">By: Heights Capital Management, Inc.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%">/s/ Brian Sopinsky</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">pursuant to a Limited Power of Attorney</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Name: &nbsp;Brian Sopinsky</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Title: &nbsp;&nbsp;&nbsp;Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Brian Sopinsky</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    &nbsp;Brian Sopinsky</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
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    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    &nbsp;&nbsp;&nbsp;Secretary</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
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