<SEC-DOCUMENT>0001781002-24-000055.txt : 20241119
<SEC-HEADER>0001781002-24-000055.hdr.sgml : 20241119
<ACCEPTANCE-DATETIME>20241119143638
ACCESSION NUMBER:		0001781002-24-000055
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241119
DATE AS OF CHANGE:		20241119

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIQTECH INTERNATIONAL INC
		CENTRAL INDEX KEY:			0001307579
		STANDARD INDUSTRIAL CLASSIFICATION:	MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				201431677
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84968
		FILM NUMBER:		241475394

	BUSINESS ADDRESS:	
		STREET 1:		INDUSTRIPARKEN 22C
		CITY:			BALLERUP
		STATE:			G7
		ZIP:			DK-2750
		BUSINESS PHONE:		01145 2390 4545

	MAIL ADDRESS:	
		STREET 1:		INDUSTRIPARKEN 22C
		CITY:			BALLERUP
		STATE:			G7
		ZIP:			DK-2750

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Blue Moose Media Inc
		DATE OF NAME CHANGE:	20041101

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bleichroeder LP
		CENTRAL INDEX KEY:			0001781002
		ORGANIZATION NAME:           	
		IRS NUMBER:				842006600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		917-769-2999

	MAIL ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>eps11652.htm
<DESCRIPTION>FILING
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">


<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center">SCHEDULE 13D</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LiqTech
International, Inc. (Name of Issuer)</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Common
Stock, $0.001 par value</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Title
of Class of Securities)</FONT></P>


<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">53632A201</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(CUSIP
    Number)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<DIV STYLE="padding: 0in 0in 1pt; border-bottom: Black 0.75pt solid"><P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bleichroeder
                                            LP</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1345
Avenue of the Americas, 47<SUP>th</SUP> Floor,</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, New York 10105</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(212)
698-3101</FONT></P>

</DIV>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name,
Address and Telephone Number of Person</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized
to Receive Notices and Communications)</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November
12, 2024</FONT></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Date
of Event which Requires Filing of this Statement)</FONT></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of &sect;&sect;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [X]</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 31.7pt 6pt 27.35pt"><B>Note</B>: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be
sent.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 31.7pt 6pt 27.35pt">* The remainder of this cover page shall be filled out for a
reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 31.7pt 6pt 27.35pt">The information required on the remainder of this cover page
shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&ldquo;Act&rdquo;)
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>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><FONT STYLE="font-size: 11pt"><B>CUSIP
No. </B></FONT><B><FONT STYLE="font-size: 10.5pt">53632A201</FONT></B></TD>
    <TD STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;</TD>
    <TD STYLE="border: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><FONT STYLE="font-size: 11pt"><B>Page 2 of 8 Pages</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>1</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 0">NAME OF REPORTING PERSON</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">Bleichroeder LP</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>2</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 3.8pt 0 0"><FONT STYLE="font-size: 11pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF
    A GROUP &#9;(a) </FONT>[_]</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 4.2in"><FONT STYLE="font-size: 11pt">(b) </FONT>[_]</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>3</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; background-color: #F2F2F2; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 0">SEC USE ONLY</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>4</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SOURCE OF FUNDS</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">AF</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>5</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 3.8pt 0 0"><FONT STYLE="font-size: 11pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
    IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)&#9;</FONT>[_]</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>6</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">Delaware</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-right: 6pt; padding-bottom: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>7</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SOLE VOTING POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">3,182,239</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt; text-align: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>8</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">SHARED VOTING POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">0</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>9</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SOLE DISPOSITIVE POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">3,182,239</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>10</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SHARED DISPOSITIVE POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">0</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>11</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">3,182,239</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>12</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 3.5pt 0 0"><FONT STYLE="font-size: 11pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
    EXCLUDES CERTAIN<BR>
    SHARES (SEE INSTRUCTIONS)&#9;</FONT>[_]</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>13</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">33.7%</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>14</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">IA</P></TD></TR>
  <TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><FONT STYLE="font-size: 11pt"><B>CUSIP
No. </B></FONT><B><FONT STYLE="font-size: 10.5pt">53632A201 </FONT></B></TD>
    <TD STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;</TD>
    <TD STYLE="border: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 4pt; padding-bottom: 2.7pt"><FONT STYLE="font-size: 11pt"><B>Page 3 of 8 Pages</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>1</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 0">NAME OF REPORTING PERSON</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">Bleichroeder Holdings LLC</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>2</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 3.8pt 0 0"><FONT STYLE="font-size: 11pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF
    A GROUP (a) </FONT>[_]</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 4.2in"><FONT STYLE="font-size: 11pt">(b) </FONT>[_]</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>3</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; background-color: #F2F2F2; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 0">SEC USE ONLY</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>4</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SOURCE OF FUNDS</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">AF</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>5</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 3.8pt 0 0"><FONT STYLE="font-size: 11pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
    IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)&#9;</FONT>[_]</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>6</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">Delaware</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-right: 6pt; padding-bottom: 6pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>7</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SOLE VOTING POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">3,182,239</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt; text-align: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>8</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">SHARED VOTING POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">0</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>9</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SOLE DISPOSITIVE POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt">3,182,239</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>10</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">SHARED DISPOSITIVE POWER</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">0</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>11</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">3,182,239</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>12</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 12pt Times New Roman,serif; margin: 3.5pt 0 0"><FONT STYLE="font-size: 11pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (11)
    EXCLUDES CERTAIN<BR>
    SHARES (SEE INSTRUCTIONS)&#9;</FONT>[_]</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>13</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">33.7%</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Times New Roman,serif; padding-top: 3.8pt; padding-bottom: 6pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>14</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border: Black 1pt solid; padding-right: 6pt; padding-left: 6pt">
    <P STYLE="font: 11pt Times New Roman,serif; margin: 3.8pt 0 6pt">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</P>
    <P STYLE="font: 11pt Times New Roman,serif; margin: 0">HC</P></TD></TR>
  <TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>Item 1.&#9;Security and the Issuer</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">This Schedule 13D relates to the Common Stock, $0.001 par value
(the &ldquo;<U>Shares</U>&rdquo;), of LiqTech International, Inc., a Nevada corporation (the &ldquo;<U>Issuer</U>&rdquo;), and is being
filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;). The address
of the Issuer&rsquo;s principal executive offices is Industriparken 22C, DK 2750 Ballerup, Denmark.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>Item 2.&#9;Identity and Background</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">(a)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">This Schedule 13D is being filed on behalf of Bleichroeder LP (&ldquo;<U>Bleichroeder</U>&rdquo;),
with respect to Shares beneficially owned by it. The general partner of Bleichroeder is Bleichroeder Holdings LLC (the &ldquo;<U>General
Partner</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">The foregoing persons are hereinafter sometimes referred to
as the Reporting Persons. Any disclosures herein with respect to persons other than the Reporting Persons are made on information believed
to be accurate after making inquiry to the appropriate party. Bleichroeder is the investment manager or adviser to funds and/or managed
accounts and may be deemed to have beneficial ownership over the Shares directly owned by the funds and managed accounts by virtue of
the authority granted to it to vote and to dispose of the securities held by them.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">(b) The address of the principal business and principal office
of the Reporting Person and the General Partner is 1345 Avenue of the Americas, 47th Floor, New York, NY 10105.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">(c) The principal business of Bleichroeder is to serve as an
investment manager or adviser to various investment partnerships and managed accounts. The principal business of the General Partner is
to serve as General Partner of Bleichroeder.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">(d) During the last five (5) years, none of the Reporting Persons
has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">(e) During the last five (5) years, neither Bleichroeder nor
the General Partner has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation with respect to such laws.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0.75in 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">(f) Bleichroeder is a limited partnership organized under the
laws of the State of Delaware. The General Partner is a limited liability company organized under the laws of the State of Delaware.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0.75in 0 0">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>Item 3.&#9; Source and Amount of Funds or Other Consideration.</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">Accounts and funds managed by the Reporting Persons hold 3,182,239
Shares, which were acquired pursuant to open market purchases and private purchases.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">On June 22, 2022, the Issuer issued and sold senior promissory
notes in an aggregate principal amount of $6.0 million (the &ldquo;<U>Notes</U>&rdquo;) to certain funds managed by the Reporting Persons
and issued warrants to purchase 531,250 shares of common stock of the Issuer (the &ldquo;<U>2022 Warrants</U>&rdquo;) to funds managed
by the Reporting Persons pursuant to a note and warrant purchase agreement entered into with the Purchasers. Concurrently, the Issuer
entered into a registration rights agreement (the &ldquo;<U>2022 Registration Rights Agreement</U>&rdquo;) with such funds providing,
among other things, resale registration rights with respect to the Shares issuable upon conversion of the 2022 Warrants.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">On October 13, 2023, the Issuer and the funds managed by the
Reporting Persons agreed to extend the maturity date of the Notes from June 20, 2024, to January 1, 2026 (the &ldquo;<U>Extension</U>&rdquo;).
As consideration for the Extension, the Issuer issued to the funds additional warrants to purchase an aggregate of 531,250 shares of Common
Stock at an exercise price of $5.20 per share (the &ldquo;<U>2023 Warrants</U>&rdquo;) and agreed that the resale registration rights
set forth in the 2022 Registration Rights Agreement would be applicable to the Shares issuable upon conversion of the 2023 Warrants.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; color: #212529; text-indent: 45.8pt"><FONT STYLE="background-color: white">On September
27, 2024, the Issuer entered into a securities purchase agreement (the &ldquo;<U>2024 Securities Purchase Agreement</U>&rdquo;) with certain
investors, including certain managed account and funds managed by the Reporting Persons, pursuant to which the Issuer agreed to issue
and sell Shares, pre-funded warrants and warrants to such investors, including the issuance of an aggregate of (i)&nbsp;2,605,129 Shares,
(ii) 344,871 pre-funded warrants and (iii) 2,950,000 warrants to managed accounts and funds managed by the Reporting Persons. Concurrently,
the Issuer entered into a registration rights agreement (the &ldquo;<U>2024 Registration Rights Agreement</U>&rdquo;) with the investors
party to the 2024 Securities Purchase Agreement requiring the Issuer to file a registration statement with the Securities and Exchange
Commission (the &ldquo;<U>SEC</U>&rdquo;) within 60 days of the Issuer&rsquo;s receipt of the investors&rsquo; demand that the Issuer
file a registration statement to register for resale the Shares and the Shares underlying the pre-funded warrants and warrants, in each
case, issued pursuant to the 2024 Securities Purchase Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">The 3,182,239 Shares beneficially owned by the Reporting Persons
were acquired at an aggregate cost of $15,316,427.99.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 4.</B></TD><TD><B>Purpose of Transaction.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">Bleichroeder acquired beneficial ownership of the 3,182,239
Shares for investment purposes.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">Bleichroeder intends to evaluate on an ongoing basis its investment
in the Issuer and its options with respect to such investment. In connection with such evaluation, Bleichroeder may meet with members
of the Board and/or senior management of the Issuer, or communicate publicly or privately with other stockholders, knowledgeable industry
or market observers or other third parties with respect to its investment. As part of such evaluation and any such discussions, Bleichroeder
may make recommendations, suggestions or proposals to the Issuer that may relate to or result in one or more of the matters specified
in clauses (a) through (j) of Item 4 of Schedule 13D, including, but not limited to, changes in the strategic direction and future plans
of the Issuer as a means of enhancing shareholder value.</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 45.8pt">Depending on various factors, including the Issuer&rsquo;s
financial position, prospects and strategic direction, the outcome of the matters referenced above, other developments concerning the
Issuer, actions taken by the Issuer&rsquo;s board of directors, price levels of the Shares, other investment opportunities available to
the Reporting Persons, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in
the future take such actions with respect to their investments in the Issuer as they deem appropriate, including, without limitation,
making or causing further acquisitions of securities of the Issuer, including Shares, from time to time, and disposing of, or cause to
be disposed, any or all of the securities of the Issuer, including Shares, beneficially held by Bleichroeder at any time.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 6pt"><B>Item 5.&#9;Interest in Securities of the Issuer.</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the
date of this Schedule 13D, the Reporting Persons beneficially own 3,182,239Shares, representing 33.7% of the outstanding Shares.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-indent: 0.5in">The Reporting Persons also beneficially own warrants
representing the right to acquire up to an aggregate of 6,832,379 Shares, however the exercise of such warrants are subject to a beneficial
ownership limitation of 9.99% of the number of Shares outstanding immediately after giving effect to the issuance of the Shares issuable
upon exercise of such warrants. If there was no [9.99% limit on the exercise of the warrants, the Reporting Persons would be deemed to
be the beneficial owners of 10,014,618 Shares (including 6,832,379 Shares that would be issuable upon exercise of the warrants held by
the Reporting Persons), representing 61.5% of the outstanding Shares.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-indent: 0.5in">The percentages used herein are based upon the 9,449,401Shares
reported to be outstanding as of November 14, 2024by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission on November 14, 2024.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Reporting Persons have sole voting and dispositive power over 3,182,239 Shares.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in Item 3, the Reporting Persons have not effected any transaction in the Shares during the past sixty days.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
person other than the Reporting Persons and the managed accounts or funds which hold the Shares is known to have the right to receive,
or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 12pt 0 0; text-align: justify; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 6.</B></TD><TD><B>Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">The disclosure under Item 3, Item 4 and Item 5 is incorporated
herein by reference.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">The summaries contained herein of the 2022 Registration Rights
Agreement and 2024 Registration Rights Agreement, as applicable, are not intended to be complete and are qualified in their entirety by
reference to the full text of the 2022 Registration Rights Agreement or 2024 Registration Rights Agreement, as applicable, copies of which
are filed as Exhibits hereto and which are incorporated herein by reference.</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0; text-indent: 0.5in">Other than as described herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) between the Reporting Persons and any other person with respect to the securities
of the Issuer.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>Item 7.&#9;Material to be filed as Exhibits.</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman,serif; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in"><FONT STYLE="font-size: 11pt">Exhibit 1</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; width: 87%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in"><FONT STYLE="font-size: 11pt">Registration Rights Agreement, dated June 22, 2022, among the Issuer, 21 April Fund, Ltd. and 21 April Fund, LP. (Incorporated by reference to Exhibit 10.3 to the Issuer&rsquo;s Current Report on Form 8-K filed on June 24, 2022.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in"><FONT STYLE="font-size: 11pt">Exhibit 2</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in"><FONT STYLE="font-size: 11pt">Registration Rights Agreement, dated September 27, 2024, among the Issuer and the parties thereto (Incorporated by reference to Exhibit 10.2 to the Issuer&rsquo;s Current Report on Form 8-K filed on September 27, 2024.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in"><FONT STYLE="font-size: 11pt">Exhibit 3</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in"><FONT STYLE="font-size: 11pt">Joint Filing Agreement, dated November 19, 2024, by and between Bleichroeder LP and Bleichroeder Holdings LLC.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman,serif; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 0 76.5pt; text-indent: -76.5pt">&nbsp;</P>


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<P STYLE="font: bold 10.5pt Times New Roman,serif; margin: 0 1in 12pt; text-align: center">SIGNATURE</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0; text-indent: 0.5in">After reasonable inquiry and to the best of each of the undersigned&rsquo;s
knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is
true, complete and correct.</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0 0 0 3.5in; text-indent: -3.5in"></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0 0 0 3in; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0 0 0 3in; text-indent: -27pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: white; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Dated: November 19, 2024</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif"><B>BLEICHROEDER LP</B></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">By:</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif"><U>/s/ Michael M. Kellen &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;</U></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Name: Michael M. Kellen</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Title: Chairman and CO-CEO</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif"><B>BLEICHROEDER HOLDINGS LLC</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 366px; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 42px; font-family: Times New Roman,serif">By:</TD>
    <TD STYLE="vertical-align: top; width: 377px; font-family: Times New Roman,serif"><U>/s/ Michael M. Kellen &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;</U></TD>
    <TD STYLE="width: 36px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Name: Michael M. Kellen</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Title: Chairman and CO-CEO</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0 0 0 3in; text-indent: -27pt"></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0 0 0 3in; text-indent: -27pt"></P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0 0 0 3in; text-indent: -27pt">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman,serif; margin: 5pt 0; text-align: center"><B>EXHIBIT 3</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 5pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 5pt 0; text-align: center"><B>JOINT FILING AGREEMENT</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 5pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 5pt 0; text-indent: 0.5in">THIS JOINT FILING AGREEMENT is entered into as of November
19, 2024, by and among the parties hereto.&nbsp; The undersigned hereby agree that the Statement on Schedule 13D with respect to the Common
Stock, $0.001 par value, of LiqTech International, Inc., a Nevada corporation, and any amendment thereafter signed by each of the undersigned
shall be (unless otherwise determined by the undersigned) filed on behalf of each of the undersigned pursuant to and in accordance with
the provisions of Rule 13d-1(k)&nbsp;under the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 5pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: white; font-size: 10pt">
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Dated: November 19, 2024</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif"><B>BLEICHROEDER LP</B></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">By:</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif"><U>/s/ Michael M. Kellen &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;</U></TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Name: Michael M. Kellen</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Title: Chairman and CO-CEO</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman,serif"><B>BLEICHROEDER HOLDINGS LLC</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 366px; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 42px; font-family: Times New Roman,serif">By:</TD>
    <TD STYLE="vertical-align: top; width: 377px; font-family: Times New Roman,serif"><U>/s/ Michael M. Kellen &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;</U></TD>
    <TD STYLE="width: 36px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Name: Michael M. Kellen</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Times New Roman,serif">Title: Chairman and CO-CEO</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10.5pt Times New Roman,serif; margin: 0"></P>

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