<SEC-DOCUMENT>0001493152-21-031742.txt : 20211216
<SEC-HEADER>0001493152-21-031742.hdr.sgml : 20211216
<ACCEPTANCE-DATETIME>20211216172409
ACCESSION NUMBER:		0001493152-21-031742
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		10
FILED AS OF DATE:		20211216
DATE AS OF CHANGE:		20211216
EFFECTIVENESS DATE:		20211216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MINIM, INC.
		CENTRAL INDEX KEY:			0001467761
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				042621506
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-261700
		FILM NUMBER:		211498606

	BUSINESS ADDRESS:	
		STREET 1:		848 ELM STREET
		CITY:			MANCHESTER
		STATE:			NH
		ZIP:			03101
		BUSINESS PHONE:		833-966-4646

	MAIL ADDRESS:	
		STREET 1:		848 ELM STREET
		CITY:			MANCHESTER
		STATE:			NH
		ZIP:			03101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Zoom Telephonics, Inc.
		DATE OF NAME CHANGE:	20090707
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>forms-8.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>As
filed with the Securities and Exchange Commission on December 16, 2021</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Registration
No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>WASHINGTON,
DC 20549</B></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>FORM
S-8</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REGISTRATION
STATEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>UNDER</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>THE
SECURITIES ACT OF 1933</I></B></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>Minim,
Inc. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Exact
name of registrant as specified in its charter)</B></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center; width: 49%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>04-2621506</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(State
    or other jurisdiction of<BR>
    incorporation or organization)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(I.R.S.
    Employer</B></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Identification
    Number)</B></FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Minim,
Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>848
Elm Street</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Manchester,
New Hampshire, 03101</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(833)
966-4646</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Address,
including zip code, and telephone number, including area code, of registrant&rsquo;s principal executive offices)</B></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Minim,
Inc. Inducement Award Agreement for Restricted Stock Units</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Full
title of the plans)</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chief
Financial Officer</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Minim,
Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>848
Elm Street</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Manchester,
New Hampshire, 03101</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(833)
966-4646</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name,
address, including zip code, and telephone number, including area code, of agent for service)</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Richard
F. Langan, Jr., Esq.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Pierce
Haesung Han, Esq.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nixon
Peabody LLP<BR>
55 West 46th Street</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>New
York, NY 10036-4120</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(212)
940-3000 </B></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company or an emerging growth company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo;
&ldquo;smaller reporting company&rdquo; and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act. (Check one):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 43%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large
    accelerated filer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><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: 43%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated
    filer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">&#9744;</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">Non-accelerated
    filer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#9746;</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>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller
    reporting company</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&#9746;</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 STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</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>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging
    growth company</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. &#9744;</FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CALCULATION
OF REGISTRATION FEE</B></FONT></P>


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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Title of Each Class of <BR>
Securities to be Registered</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount to be Registered<SUP>(1)</SUP></B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Proposed Maximum Offering <BR>
Price Per Share<SUP>(2)</SUP></B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Proposed Maximum Aggregate Offering Price</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount of</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Registration Fee</B></FONT></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%">Common Stock, par value $0.01 per share</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 11%; text-align: right">188,274</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">1.27</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">239,109.00</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 11%; text-align: right">22.17</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  </TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
    to Rule 416(a) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this registration statement shall
    also cover any additional shares of Common Stock, par value $0.01 per share (the &ldquo;Common Stock&rdquo;), of Minim, Inc. that
    become issuable by reason of any stock dividend, stock split, reverse stock split, extraordinary cash dividend, reorganization, recapitalization,
    split-up, spin-off or similar transaction effected without consideration which would increase the number of outstanding shares of
    Common Stock and other anti-dilution provisions of the Inducement Award Agreement for Restricted Stock Units (the &ldquo;Award Agreement&rdquo;).</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimated
    solely for the purposes of calculating the registration fee in accordance with Rule 457 (h) of the Securities Act on the basis of
    the price at which the inducement award may be exercised, which is the closing price of the Common Stock on December 3, 2021 as reported
    on the Nasdaq Capital Market. </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid; border-bottom: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><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: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INTRODUCTION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned registrant, Minim, Inc. (the &ldquo;Registrant&rdquo;), hereby files this Registration Statement on Form S-8 (this &ldquo;Registration
Statement&rdquo;) to register 188,274 shares of Common Stock, of the Registrant to be issued pursuant to an Inducement Award Agreement
for Restricted Stock Units (the &ldquo;Agreement&rdquo;), by and between the Registrant and Bill Wallace, the Registrant&rsquo;s Vice
President, Hardware Engineering, as a material inducement to Mr. Wallace&rsquo;s employment with the Registrant. This award evidenced
by the Agreement will be issued as &ldquo;inducement grants&rdquo; under NASDAQ Listing Rule 5635(c)(4) and, as such, not granted pursuant
to any of the Registrant&rsquo;s employee benefit plans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Part
I</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
documents containing the information specified in Part I will be sent to the participant in accordance with Rule 428(b)(1) under the
Securities Act. Such documents are not required to be, and are not, filed with the Securities and Exchange Commission, either as part
of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These documents,
and the documents incorporated by reference in this registration statement pursuant to Item 3 of Part II of this registration statement,
taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><BR>
Part II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
3. Incorporation of Documents by Reference.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned Registrant hereby incorporates by reference into this Registration Statement the following documents filed with the SEC:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="width: 0.25in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
    Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 13, 2021, as amended by Amendment No.
    1 to Form 10-K filed with the SEC on April 30, 2021;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
    Definitive Proxy Statement on Schedule 14A filed with the SEC on May 4, 2021;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
    Definitive Proxy Statement on Schedule 14A filed with the SEC on July 12, 2021;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
    Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 filed with the SEC on May 17, 2021, Quarterly Report on Form 10-Q
    for the quarter ended June 30, 2021 filed with the SEC on August 16, 2021; and Quarterly Report on Form 10-Q for the quarter ended
    September 30, 2021 filed with the SEC on November 2, 2021;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
    Current Reports on Form 8-K filed with the SEC on February 8, 2021, March 15, 2021, April 15, 2021, April 27, 2021, June 4, 2021,
    June 30, 2021, July 12, 2021, July 23, 2021, July 29, 2021, August 2, 2021, August 16, 2021, August 20, 2021, October 4, 2021, October
    26, 2021, November 2, 2021, and November 16, 2021, and our amended Current Reports on Form 8-K/A filed with the SEC on February 17,
    2021, May 3, 2021, June 30, 2021, August 2, 2021, October 27, 2021, and December 8, 2021 (in each case, except for information contained
    therein which is furnished rather than filed); and</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
    description of the Registrant&rsquo;s securities filed as Exhibit 4.1 to our Amendment No. 1 to Form S-1, filed by the Registrant
    with the SEC on July 26, 2021.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
documents that the Registrant subsequently files pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing
of a post-effective amendment to this registration statement which indicates that all of the shares of common stock offered have been
sold or which deregisters all of such shares then remaining unsold, shall be deemed to be incorporated by reference in this registration
statement and to be a part hereof from the date of the filing of such documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded
to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated
by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this registration statement.</FONT></P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
no circumstances will any information filed under current items 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless
such Form 8-K expressly provides to the contrary.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
4. Description of Securities.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable. The Common Stock of the Company is registered under Section 12 of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
5. Interests of Named Experts and Counsel.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
6. Indemnification of Directors and Officers.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company&rsquo;s Amended and Restated Certificate of Incorporation, as amended (the &ldquo;Charter&rdquo;) and the Amended and Restated
Bylaws, as amended (the &ldquo;Bylaws&rdquo;) authorize it to indemnify directors, officers, employees and agents of the Company against
expenses (including attorneys&rsquo; fees), liabilities and other matters incurred in connection with any action, suit or proceeding,
to the fullest extent permitted by Section 145 of Delaware General Corporation Law. In addition, the Company&rsquo;s Charter provides
that its directors shall not be personally liable to the Company or its stockholders for monetary damages for any breach of fiduciary
duty by such director as a director. Notwithstanding the foregoing, a director shall be liable to the extent provided by applicable law
(i) for breach of the director&rsquo;s duty of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith
or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to Section 174 of the Delaware General Corporation
Law or (iv) for any transaction from which the director derived an improper personal benefit.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company may also advance all reasonable expenses which were incurred by or on behalf of a present director or officer in connection with
any proceeding to the fullest extent permitted by applicable law.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Bylaws also permit the Company to enter into indemnity agreements with individual directors, officers, employees, and other agents. Any
such agreements, together with the Charter and the Bylaws, may require the Company, among other things, to indemnify directors or officers
against certain liabilities that may arise by reason of their status or service as directors or officers (other than liabilities resulting
from willful misconduct of a culpable nature), to advance expenses to them as they are incurred, and to obtain and maintain directors&rsquo;
and officers&rsquo; insurance if available on reasonable terms.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company maintains director and officer liability insurance policies providing for the insurance on behalf of any person who is or was
a director or officer of the Company or a subsidiary for any claim made during the policy period against the person in any such capacity
or arising out of the person&rsquo;s status as such.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors and officers and controlling persons
of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the SEC such indemnification
is against public policy as expressed in the Securities Act and is, therefore, unenforceable.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
7. Exemption from Registration Claimed.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
8. Exhibits. </B></FONT></P>



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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Exhibit
    No.</U></FONT></TD>
    <TD STYLE="width: 0.1in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Exhibit
    Description</U></FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000111650209001356/zoom31.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company&rsquo;s Registration Statement on Form 10, filed on September 4, 2009).</FONT></A></TD>
    </TR>
</TABLE>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT></TD>
    <TD STYLE="width: 0.1in">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000135448815005202/zmtp_ex31.htm" STYLE="-sec-extract: exhibit">Certificate of Amendment to Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by the Company on November 18, 2015)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000165495419008606/zmtp_ex31.htm" STYLE="-sec-extract: exhibit">Certificate of Amendment to Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by the Company on July 30, 2019)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.4</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000135448815005202/zmtp_ex32.htm" STYLE="-sec-extract: exhibit">Certificate of Designation of Series A Junior Participating Preferred Stock (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K filed by the Company on November 18, 2015)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000165495421006572/minm_ex31.htm" STYLE="-sec-extract: exhibit">Certificate of Amendment to Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by the Company on June 4, 2021)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.6</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000135448815005202/zmtp_ex32.htm" STYLE="-sec-extract: exhibit">Certificate of Amendment to Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K filed by the Company on June 4, 2021)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.7</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000149315221015759/ex3-1.htm" STYLE="-sec-extract: exhibit">Certificate of Correction of Minim, Inc. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K/A filed by the Company on June 30, 2021)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.8</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000149315221017629/ex3-1.htm" STYLE="-sec-extract: exhibit">Certificate of Amendment to Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Form 8-K filed by the Company on July 23, 2021)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.9</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="https://www.sec.gov/Archives/edgar/data/1467761/000149315221015638/ex3-1.htm" STYLE="-sec-extract: exhibit">Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.1 to the Form 8-K filed by the Company on June 30, 2021)</A>.</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <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>&nbsp;</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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1
    *</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion of Nixon Peabody LLP.</FONT></A></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <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>&nbsp;</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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex23-1.htm">Consent of Marcum LLP.</A></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <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>&nbsp;</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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex5-1.htm">Consent of Nixon Peabody LLP (included in Exhibit 5.1).</A></FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <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>&nbsp;</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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="#siga_001">Powers of Attorney (included on the signature page of this Registration Statement).</A></FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <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>&nbsp;</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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1*</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="ex99-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form of Inducement Award Agreement for Restricted Stock Units.</FONT></A></TD>
    </TR>
</TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*Filed
herewith.</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
9. Undertakings.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
The undersigned Registrant hereby undertakes:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act;</FONT></P>

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

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)
To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than a 20% change in the maximum aggregate offering price set forth in the &ldquo;Calculation of Registration
Fee&rdquo; table in the effective registration statement; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Provided,
however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) herein do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act (15 U.S.C. 78m or 78o(d)) that are incorporated by reference in the registration statement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of
the Registrant&rsquo;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing
of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in
the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue</FONT></P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="siga_001"></A>SIGNATURES
</B></FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in city of Manchester, New Hampshire, on December 16, 2021.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">MINIM, INC.<BR> (Registrant) &nbsp;</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%">&nbsp;</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt">By:</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><I>/s/ Sean Doherty</I></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Sean Doherty</TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Chief Financial Officer</TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>POWER
OF ATTORNEY </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">KNOW
ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Graham Chynoweth and Sean Doherty
and each of them, his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for
him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments, including post-effective
amendments, to this Registration Statement, and any registration statement relating to the offering covered by this Registration Statement
and filed pursuant to Rule 462 under the Securities Act, and to file the same, with exhibits thereto and other documents in connection
therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and
perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could
do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents or their substitute or substitutes may
lawfully so or cause to be done by virtue hereof.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Act, the following persons have signed this Registration Statement in the capacities and on the
date(s) indicated.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Signature</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Title</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <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>&nbsp;</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>
    <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">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 32%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
Graham Chynoweth</I></FONT></P></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 32%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer and Director</FONT></P></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right; width: 32%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Graham
    Chynoweth</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(<I>Principal
    Executive Officer</I>)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <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>&nbsp;</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>
    <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">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
    Sean Doherty</I></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sean
    Doherty</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">(<I>Principal
    Financial Officer and Principal Accounting Officer</I>)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>/s/
    Jeremy Hitchcock</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chairman
    of the Board </FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jeremy
    Hitchcock</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><I>/s/ David Aronoff</I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">Director</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">December 16, 2021</P></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">David
                                            Aronoff</P>
</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><I>/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dan
    Artusi</FONT></I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top">Director</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dan
    Artusi</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>/s/
    Philip Frank</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top">Director</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Philip
    Frank</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>/s/
    Elizabeth Hitchcock</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top">Director</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Elizabeth
    Hitchcock</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>/s/
    Joshua Horowitz</I></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top">Director</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">December
    16, 2021</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">Joshua Horowitz</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><I>/s/ Sandra Howe</I></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Director</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right">December
    16, 2021</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">Sandra Howe</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: right"></TD></TR>
 </TABLE>

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


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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ex5-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
5.1</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 80%"><IMG SRC="ex5-1_001.jpg" ALT=""><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 20%; vertical-align: middle"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nixon
                                            Peabody LLP<BR>
                                            </B>55 West 46th Street<BR>
                                            New York, NY 10036-4120</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">212-940-3000</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
16, 2021</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minim,
Inc.<BR>
848 Elm Street<BR>
Manchester, New Hampshire 03101</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have acted as counsel to Minim, Inc., a Delaware corporation (the &ldquo;Company&rdquo;), in connection with the registration statement
on Form S-8 (the &ldquo;Registration Statement&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;Act&rdquo;), filed with
the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) on the date hereof relating to a total of [x] shares of the Company&rsquo;s
Common Stock, par value $0.01 per share (the &ldquo;Shares&rdquo;) issuable to Bill Wallace pursuant to the Minim, Inc. Inducement Award
Agreement for Restricted Stock Units (the &ldquo;Agreement&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed
herein as to any matter pertaining to the contents of the Registration Statement other than as expressly stated herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the foregoing, we have examined originals or copies, certified or otherwise identified to our satisfaction, of: (i) the
Agreement; (ii) the Registration Statement; (iii) the Amended and Restated Certificate of Incorporation of the Company, as amended; and
(iv) the Amended and Restated Bylaws of the Company, as amended. We also have examined originals or copies, certified or otherwise identified
to our satisfaction, of such corporate records, certificates and other documents and have made such investigations of law as we have
deemed necessary or appropriate as a basis for the opinion expressed below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
to questions of fact material to our opinion expressed herein, we have, when relevant facts were not independently established, relied
upon certificates of, and information received from, the Company and/or representatives of the Company. We have made no independent investigation
of the facts stated in such certificates or as to any information received from the Company and/or representatives of the Company and
do not opine as to the accuracy of such factual matters. We also have relied, without investigation, upon certificates and other documents
from, and conversations with, public officials.</FONT></P>

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Minim,
    Inc.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
    16, 2021</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page
    2</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 50%"><IMG SRC="ex5-1_002.jpg" ALT=""><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
rendering the following opinion, we have assumed, without investigation, the authenticity of any document or other instrument submitted
to us as an original, the conformity to the originals of any document or other instrument submitted to us as a copy, the genuineness
of all signatures on such originals or copies, and the legal capacity of natural persons who executed any such document or instrument
at the time of execution thereof. We also have assumed that the Registration Statement will remain effective pursuant to the Securities
Act at the time of issuance of the Shares under the Agreement, and the Company will have received the required consideration for the
issuance of the Shares having a value at least equal to the par value thereof at or prior to the issuance thereof under the Agreement.</FONT></P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
upon and subject to the foregoing and the other qualifications and limitations contained herein, we are of the opinion that, upon issuance
and delivery pursuant to the terms and conditions set forth in the Registration Statement and the Agreement, the Shares will be validly
issued, fully paid and non-assessable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Members
of our firm involved in the preparation of this opinion are licensed to practice law in the State of New York and we do not purport to
be experts on, or to express any opinion herein concerning, the laws of any jurisdiction other than the General Corporation Law of the
State of Delaware. We express no opinion as to the effect on the matters covered by this letter of the laws of any other jurisdiction
or state blue sky securities law matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not admit that
any member of this firm is an &ldquo;expert&rdquo; within the meaning of the Act or the rules and regulations of the Commission thereunder.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
opinion is limited to the matters stated herein, and no opinion or belief is implied or may be inferred beyond the matters expressly
stated herein. This opinion is based upon currently existing statutes, rules, regulations and judicial decisions, and we disclaim any
obligation to advise you of any change in any of these sources of law or subsequent legal or factual developments which might affect
any matters or the opinion set forth herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></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: 25%">&nbsp;</TD>
  <TD STYLE="width: 25%">&nbsp;</TD>
  <TD STYLE="width: 50%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Very
                                            truly yours,</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;<IMG SRC="ex5-1_003.jpg" ALT=""></TD></TR>
</TABLE>

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

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


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

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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>ex23-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Exhibit
23.1</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><IMG SRC="ex23-1_001.jpg" ALT="" STYLE="height: 41px; width: 148px">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM&rsquo;S CONSENT</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">We
consent to the incorporation by reference in this Registration Statement of Minim, Inc. on Form S-8 of our report dated April 13, 2021,
with respect to our audits of the consolidated financial statements of Zoom Telephonics, Inc. as of December 31, 2020<B>&nbsp;</B>and
2019 and for each of the two years<B>&nbsp;</B>in the period ended December 31, 2020, which report is included in the Annual Report on
Form 10-K of Zoom Telephonics, Inc. for the year ended December 31, 2020.<B>&nbsp;</B>We were dismissed as auditors on April 14, 2021
and, accordingly, we have not performed any audit or review procedures with respect to any financial statements incorporated by reference
for the periods after the date of our dismissal.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="ex23-1_002.jpg" ALT="" STYLE="height: 32px; width: 136px">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Portland,
ME</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
16, 2021</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="ex23-1_003.jpg" ALT="" STYLE="height: 75px; width: 624px"></FONT></P>

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

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

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 0pt; margin-bottom: 0pt; margin-right: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ex99-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 99.1</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MINIM,
INC.<BR>
INDUCEMENT AWARD AGREEMENT FOR RESTRICTED STOCK UNITS</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Inducement Award Agreement for Restricted Stock Units (this &ldquo;<B>Agreement</B>&rdquo;) is made and entered into as of December 6,
2021 (the &ldquo;<B>Grant Date</B>&rdquo;) by and between Minim, Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), and
Mr. Bill Wallace (the &ldquo;<B>Grantee</B>&rdquo;).</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Board of Directors of the Company (the &ldquo;<B>Board</B>&rdquo;) and its Compensation Committee (the &ldquo;<B>Committee</B>&rdquo;)
desires to award Restricted Stock Units to the Grantee, pursuant to the terms of this Agreement, as an inducement material to the Grantee&rsquo;s
entering into employment with the Company (within the meaning of Nasdaq Listing Rule 5635(c)(4)); and</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
the Board and the Committee have determined that it is in the best interests of the Company and its stockholders to grant the award of
Restricted Stock Units provided for herein and approved and authorized such grant as of December 1, 2021.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE</B>, the parties hereto, intending to be legally bound, agree as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Grant of Restricted Stock Units</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1
This award is not made pursuant to any of the Company&rsquo;s equity incentive compensation plans, including but not limited to the Minim,
Inc. Omnibus Incentive Compensation Plan (the &ldquo;<B>Omnibus Plan</B>&rdquo;), but is instead an inducement grant pursuant to Nasdaq
Listing Rule 5635(c)(4).</FONT></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">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2
The Grantee acknowledges that the award under this Agreement satisfies in full the obligations of the Company to him for an award of
a one-time RSU grant of $239,109 pursuant to the letter agreement by and between the Company and the Grantee, dated October 27, 2021
(the <B>&ldquo;Offer Letter</B>&rdquo;).</FONT></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">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3
As of the Grant Date, the Company hereby issues to the Grantee an award consisting of, in the aggregate, 188,274 Restricted Stock Units
(the &ldquo;<B>Units</B>&rdquo;). The Units are granted as an inducement material to the Grantee&rsquo;s entering into employment with
the Company (within the meaning of Nasdaq Listing Rule 5635(c)(4)). Each Unit represents the right to receive one Company&rsquo;s common
stock, par value $.01 per share (each, a &ldquo;<B>Share</B>&rdquo;), subject to the terms and conditions set forth in this Agreement.
The Units shall be credited to a bookkeeping account maintained for the Grantee on the books and records of the Company and until settled
shall continue for all purposes to be part of the general assets of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Consideration</U></FONT>. The grant
of the Units is made in consideration of the services to be rendered by the Grantee to the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Vesting</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1
Except as otherwise provided herein, provided that the Grantee remains in Continuous Service through the applicable vesting date, the
Units will vest in accordance with the following schedule (the period during which restrictions apply, the &ldquo;<B>Restricted Period</B>&rdquo;):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Vesting
    Date</U></B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Number
    of Units That Vest</U></B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">January
    1, 2022</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62,758</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March
    1, 2022</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62,758</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">May
    1, 2022</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62,758</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.9in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once
vested, the Units become &ldquo;<B>Vested Units.</B>&rdquo; For purposes of this Agreement, &ldquo;<B>Continuous Service</B>&rdquo; means
the Grantee&rsquo;s continued employment with the Company pursuant to the Offer Letter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.9in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2
The foregoing vesting schedule notwithstanding, if the Grantee&rsquo;s Continuous Service terminates for any reason at any time before
all of his Units have vested, the Grantee&rsquo;s unvested Units shall be automatically forfeited upon such termination of Continuous
Service and neither the Company nor any of its affiliate shall have any further obligations to the Grantee under this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3
The foregoing vesting schedule notwithstanding, upon the occurrence of a Change in Control while in the Continuous Service of the Company,
100% of the unvested Units shall vest as of the date of the Change in Control. For purposes of this Agreement, &ldquo;<B>Change in Control</B>&rdquo;
means (1) a sale of all or substantially all of the Company&rsquo;s assets, or (2) any merger, consolidation or other business combination
transaction of the Company with or into another corporation, entity or person, other than a transaction in which the holders of at least
a majority of the shares of voting capital stock of the Company outstanding immediately prior to such transaction continue to hold (either
by such shares remaining outstanding or by their being converted into shares of voting capital stock of the surviving entity) a majority
of the total voting power represented by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately
after such transaction, (3) the direct or indirect acquisition (including by way of a tender or exchange offer) by any person, or persons
acting as a group, of beneficial ownership or a right to acquire beneficial ownership of shares representing a majority of the voting
power of the then outstanding shares of capital stock of the Company or (4) a contested election of directors, as a result of which or
in connection with which the persons who were directors before such election or their nominees (the &ldquo;<B>Incumbent Directors</B>&rdquo;)
cease to constitute a majority of the Board; provided however that if the election or nomination for election by the Company&rsquo;s
stockholders, of any new director was approved by a vote of at least fifty percent (50%) of the Incumbent Directors, such new director
shall be considered as an Incumbent Director. With respect to the grant of the Units, the event must also constitute a change in ownership
or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company within the meaning
of Section 409A of the Internal Revenue Code of 1986, as amended from time to time (the &ldquo;<B>Code</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Restrictions</U></FONT>. Subject
to Section 11 in the event of the death of the Grantee after vesting of the Units and prior to settlement, during the Restricted Period
and until such time as the Units are settled in accordance with Section 6 hereof, the Units or the rights relating thereto may not be
assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign, alienate,
pledge, attach, sell or otherwise transfer or encumber the Units or the rights relating thereto shall be wholly ineffective and, if any
such attempt is made, the Units will be forfeited by the Grantee and all of the Grantee&rsquo;s rights to such Units shall immediately
terminate without any payment or consideration by the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Rights as Stockholder; Dividend
Equivalents</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1
The Grantee shall not have any rights of a stockholder with respect to the Shares underlying the Units unless and until the Units vest
and are settled by the issuance of such Shares. The Units are unfunded, and the Grantee shall have no greater rights in the Units than
that of an unsecured creditor of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2
Upon and following the settlement of the Units, the Grantee shall be the record owner of the Shares underlying the Units unless and until
such Shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a stockholder of the Company (including
voting rights).</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.3
The Grantee shall not be entitled to any dividend equivalents with respect to the Units to reflect any dividends payable on Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.9in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Settlement of Units</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1
Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than thirty (30) days following the vesting
date, the Company shall (a) issue and deliver to the Grantee the number of Shares equal to the number of Vested Units; and (b) enter
the Grantee&rsquo;s name on the books of the Company as the stockholder of record with respect to the Shares delivered to the Grantee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2
Any amounts payable to Grantee under this Agreement are intended to constitute &ldquo;short-term deferral&rdquo; described in Treas.
Reg. Sec. 1.409A-1(b)(4) so that none of the payments provided hereunder be deemed a deferral of compensation that is subject to the
additional tax imposed under Section 409A of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.9in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3
To the extent that the Grantee does not vest in any Units, all interest in such Units shall be forfeited. The Grantee has no right or
interest in any Units that are forfeited.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.
<U>Investment and Taxation Representations</U>. In connection with the purchase of the Shares, Grantee represents to the Company the
following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1
Grantee is aware of the Company&rsquo;s business affairs and financial condition and has acquired sufficient information about the Company
to reach an informed and knowledgeable decision to acquire the Shares. Grantee is acquiring these securities for investment for his own
account only and not with a view to, or for resale in connection with, any &ldquo;distribution&rdquo; thereof within the meaning of the
U.S. Securities Act of 1933 (the &ldquo;<B>Securities Act</B>&rdquo;) or under any applicable provision of state law. Grantee does not
have any present intention to transfer the Shares to any other person or entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2
Grantee understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom, which
exemption depends upon, among other things, the bona fide nature of Grantee&rsquo;s investment intent as expressed herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.3
Grantee further acknowledges and understands that the securities must be held indefinitely unless they are subsequently registered under
the Securities Act or an exemption from such registration is available. Grantee further acknowledges and understands that the Company
is under no obligation to register the securities. Grantee understands that the certificate(s) evidencing the securities will be imprinted
with a legend which prohibits the transfer of the securities unless they are registered or such registration is not required in the opinion
of counsel for the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.4
Grantee is familiar with the provisions of Rule 144 promulgated under the Securities Act, which, in substance, permits limited public
resale of &ldquo;restricted securities&rdquo; acquired, directly or indirectly, from the issuer of the securities (or from an affiliate
of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Grantee understands that the Company provides
no assurances as to whether he will be able to resell any or all of the Shares pursuant to Rule 144, which rule requires, among other
things, that the Company be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, that resales of
securities take place only after the holder of the Shares has held the Shares for certain specified time periods, and under certain circumstances,
that resales of securities be limited in volume and take place only pursuant to brokered transactions. Notwithstanding this paragraph
(d), Grantee acknowledges and agrees to the restrictions set forth in paragraph (e) below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.5
Grantee further understands that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the
Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact
that Rule 144 is not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing
to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial
burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and
their respective brokers who participate in such transactions do so at their own risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.6
Grantee understands that Grantee may suffer adverse tax consequences as a result of Grantee&rsquo;s purchase or disposition of the Shares.
Grantee represents that Grantee has consulted any tax consultants Grantee deems advisable in connection with the purchase or disposition
of the Shares and that Grantee is not relying on the Company for any tax advice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.7
The Company shall not be required to deliver any certificate representing the Shares until it has been furnished with such opinions,
representations or other documents as it may deem necessary or desirable, in its discretion, to ensure compliance with any law or rules
of the Securities and Exchange Commission or any other governmental authority having jurisdiction over the Company, the Grantee or the
Shares or any interests granted thereunder. <FONT STYLE="color: windowtext">The certificate or certificates representing the Shares shall
bear the following legends (as well as any legends required by applicable state and federal corporate and securities laws):</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 1in; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT
AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED UNLESS
DONE IN COMPLIANCE WITH REGULATIONS OF THE SECURITIES ACT OF 1933, EFFECTED PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO,
OR UNDER ANOTHER EXEMPTION AVAILABLE UNDER THE SECURITIES ACT OF 1933 (AS TO WHICH AVAILABILITY THE COMPANY MAY REQUIRE THE SELLER/TRANSFEROR
TO PROVIDE AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 1in; 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, Times, Serif; margin: 0pt 0.5in 0pt 1in; text-align: justify; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THE
SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE
STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.</FONT></P>

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


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.8
Grantee agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate &ldquo;stop
transfer&rdquo; instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records. The Company shall not be required (i) to transfer on its books any Shares that have
been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or
to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>No Impact on Other Benefits</U></FONT></FONT><U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: black; vertical-align: baseline">;
No Employment Rights</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The value of the Grantee&rsquo;s
Units is not part of his normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or
similar employee benefit. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or an affiliate
of the Company, to terminate Grantee&rsquo;s employment or consulting relationship, for any reason, with or without cause.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Adjustments</U></FONT>. If any
change is made to the outstanding Common Stock or the capital structure of the Company, if required, the Units shall be adjusted in any
manner as may be determined to be appropriate and equitable by the Committee, in its sole discretion, to prevent dilution or enlargement
of rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Tax Liability and Withholding</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-align: justify; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1
Grantee acknowledges that the Units shall be taxable compensation upon settlement. The Company may take any action the Company deems
necessary to satisfy any requirements for withholding of all applicable federal, state or local income or employment tax or assessment.
The Grantee may satisfy any withholding obligation by any of the following means, or by a combination of such means:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)
tendering a cash payment;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
authorizing the Company to withhold Shares from the Shares otherwise issuable or deliverable to the Grantee as a result of the vesting
of the Units; provided, however, that no Shares shall be withheld with a value exceeding the maximum amount of tax required to be withheld
by law; or</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)
delivering to the Company previously owned and unencumbered Shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.2in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2
Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related
withholding (&ldquo;<B>Tax-Related Items</B>&rdquo;), the ultimate liability for all Tax-Related Items is and remains the Grantee&rsquo;s
responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection
with the grant, vesting or settlement of the Units or the subsequent sale of any shares; and (b) does not commit to structure the Units
to reduce or eliminate the Grantee&rsquo;s liability for Tax-Related Items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.2in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.
<U>Death of the Grantee</U>. Any distribution or delivery to be made to the Grantee under this Agreement due to Grantee&rsquo;s death
after vesting but before settlement will be made to the administrator or executor of the Grantee&rsquo;s estate. Any such administrator
or executor must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the
Company to establish the validity of the transfer and compliance with any applicable laws pertaining to said transfer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Compliance with Law</U></FONT>.
The issuance and transfer of Shares shall be subject to compliance by the Company and the Grantee with all applicable requirements of
federal and state securities laws and with all applicable requirements of any stock exchange on which the Company&rsquo;s Shares may
be listed. No Shares shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory
agencies have been fully complied with to the satisfaction of the Company and its counsel.</FONT></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">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.
<FONT STYLE="color: windowtext"><U>Specific Enforcement</U>. The Grantee expressly acknowledges that the Company may be irreparably damaged
if this Agreement is not specifically enforced. Upon a breach or threatened breach of the terms, covenants or conditions of this Agreement
by the Grantee, the Company shall, in addition to all other remedies, be entitled to apply for a temporary or permanent injunction, or
a decree for specific performance, in accordance with the provisions hereof.</FONT></FONT></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">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: black; vertical-align: baseline"><U>14.
</U></FONT><U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recoupment</FONT></U><FONT STYLE="font: 10pt Times New Roman, Times, Serif">.
The Grantee acknowledges that any incentive-based compensation received by the Grantee from the Company hereunder or otherwise shall
be subject to such Company policies or such applicable statutes, rules, or regulations regarding recoupment or clawback as may be in
effect from time-to-time, regardless of whether the Grantee is in the service of the Company or an affiliate at the time the events giving
rise to the recoupment or clawback occur or are discovered. In particular, and not in limitation of the foregoing, if for any reason
the Company&rsquo;s financial statements must be restated for any part of a performance period to which an award for the Grantee relates
or is outstanding as a result of material noncompliance with accounting requirements, then such award will be forfeited, and be repaid
to the Company, in such amount or to such extent as the Company shall determine.</FONT></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; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Notices</U></FONT>. Any notice
required to be delivered to the Company under this Agreement shall be in writing and addressed to the Secretary of the Company at the
Company&rsquo;s principal corporate offices. Any notice required to be delivered to the Grantee under this Agreement shall be in writing
and addressed to the Grantee at the Grantee&rsquo;s address as shown in the records of the Company. Either party may designate another
address in writing (or by such other method approved by the Company) from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Governing Law</U></FONT>. This
Agreement will be construed and interpreted in accordance with the internal laws of the State of Delaware without regard to conflict
of law principles.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline"><U>Administration. The Committee shall have discretion to administer,
interpret, and implement this Agreement. The Committee&rsquo;s decisions and determinations (including determinations of the meaning
and reference of terms used in this Agreement) shall be conclusive upon all persons</U></FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Successors and Assigns</U></FONT>.
The Company may assign any of its rights under this Agreement. This Agreement will be binding upon and inure to the benefit of the successors
and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Grantee
and the Grantee&rsquo;s beneficiaries, executors, administrators and the person(s) to whom the Units may be transferred by will or the
laws of descent or distribution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Severability</U></FONT>. The invalidity
or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this
Agreement, and each provision of this Agreement shall be severable and enforceable to the extent permitted by law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Discretionary Nature of </U></FONT></FONT><U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: black; vertical-align: baseline">Award</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The grant of the Units in this Agreement does not create any contractual right or other right to receive any additional Units or other
awards in the future. Future awards, if any, will be at the sole discretion of the Company.</FONT></P>

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


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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.
<U>Entire Agreement and Amendments</U>. This Agreement constitutes the entire agreement of the parties with respect to the subject matter
hereof and neither this Agreement nor any provision hereof may be waived, modified, amended or terminated except by a written agreement
signed by the parties hereto. No waiver of any breach or default hereunder shall be considered valid unless in writing, and no such waiver
shall be deemed a waiver of any subsequent breach or default of the same or similar nature.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Section 409A</U></FONT>. This Agreement
is intended to comply with Section 409A of the Code or an exemption thereunder and shall be construed and interpreted in a manner that
is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing,
the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code
and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred
by the Grantee on account of non-compliance with Section 409A of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.
<U>Data Protection</U>.</FONT></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">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1
Grantee hereby consents to the Company (or its payroll administrators) collecting, holding and processing Grantee&rsquo;s personal data
and transferring this data to the Company or any other third parties insofar as is reasonably necessary to implement, administer and
manage this award. This personal data may include, but is not limited to, Grantee&rsquo;s name, home address and telephone number, date
of birth, tax, social insurance or other identification number, salary, nationality, job title, Shares held, and details of all Shares
awarded, canceled, vested, unvested or outstanding in Grantee&rsquo;s favor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2
<FONT STYLE="color: windowtext">Grantee understands that this data may be transferred to any third parties assisting in the implementation,
administration and management of this award, that these recipients may be located in the United States or elsewhere, and that the recipient&rsquo;s
country may have different data privacy laws and protections than the United States. </FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.3
Grantee understands that Grantee may, at any time, view Grantee&rsquo;s personal data, require any necessary corrections to it or withdraw
the consents herein in writing by contacting the Company, but acknowledges that without the use of such data it may not be practicable
for the Company to administer Grantee&rsquo;s award and this may be detrimental to Grantee.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.55pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.
<U>Miscellaneous</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21.55pt; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1
<U>Governing Law</U>. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto
shall be governed, construed and interpreted in accordance with the internal laws of the State of Delaware, without giving effect to
principles of conflicts of law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.2
<FONT STYLE="font-weight: normal; color: black; vertical-align: baseline; background-color: white"><U>Counterparts</U></FONT>. This Agreement
may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same
instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document
format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will
have the same effect as physical delivery of the paper document bearing an original signature.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.7in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.3in; text-indent: 0.4in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; color: black; vertical-align: baseline"><U>24.3
<FONT STYLE="background-color: white">Acceptance</FONT></U></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The Grantee hereby acknowledges receipt of this Agreement. The Grantee has read and understands the terms and provisions hereof, and
accepts the Units subject to all of the terms and conditions of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[signature
page follows]</FONT></P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF<FONT STYLE="text-transform: none">, the parties hereto have executed this Agreement as of the date first above written.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><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-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none"><B>MINIM,
    INC.</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase; 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: 5%; text-align: left; text-transform: uppercase"><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: 45%; text-align: left; text-transform: uppercase"></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">Graham
    Chynoweth</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">CEO</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><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: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><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-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none"><B>GRANTEE:</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><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-align: left; text-transform: uppercase"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: none">Bill Wallace</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Signature
Page to Inducement RSU Award for Bill Wallace</I></FONT></P>

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


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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>ex5-1_001.jpg
<TEXT>
begin 644 ex5-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !J ?(# 2(  A$! Q$!_\0
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MD,+RR'"(I9CZ <FN,\-_%;PKXJUE-)TVZG-VZLR++"4#X&2 3WQS^%=7JO\
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M\@SQ!_UVA_D]44>=:MXB_MCX+:3ITTF;G2]3,.">3$T;,A_]"7_@->Y^(_\
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M6&W#;_94O.>/]4:0SSOX _\ ).-;_P"OV3_T2E4?V;/^//Q%_P!=(/Y/5[X
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M+?3J/6EM-#@LVM7C;]Y ,,VT R?+M&?H*K:?.+:_C@N+O+R6D; 22??=F8G
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
1BB@ HHHH **** "BBB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>ex5-1_002.jpg
<TEXT>
begin 644 ex5-1_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  _ %P# 2(  A$! Q$!_\0
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#S__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>ex5-1_003.jpg
<TEXT>
begin 644 ex5-1_003.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  U +4# 2(  A$! Q$!_\0
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:%%-R;5FQ)$E%%%(84444 %%%% !1110!_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>ex23-1_001.jpg
<TEXT>
begin 644 ex23-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1"  I )0# 2(  A$! Q$!_\0
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1D;@!Q@XR#W'-%:/K10!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>ex23-1_002.jpg
<TEXT>
begin 644 ex23-1_002.jpg
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< %.=%D0HZAE/4,,@TH&!@44M)UI:******__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>ex23-1_003.jpg
<TEXT>
begin 644 ex23-1_003.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !+ G # 2(  A$! Q$!_\0
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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MUN1!()%"@8E;'RH4!QG!.TD9IEEX)T73[F">VMW62!D9"9"<%%95_1C7044
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M22LC-GT*SN+F>:57+3H4<;SC!7:3CL2.*M-9Q/<03,I,D 8(<] 0 ?Y"K%%
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M'K@GFM&B@"K<Z?:WA0W,$<I3[N]0<4FHZ9;:I9&UNT+0DJVT''*D$?J*M4M
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M,UI)Y,-N)22^(XW#!<9]NM:,'A#2;?:$ADV!90R-*Q63S/OEQGYB?4UMXI:
M.<_X0+0_L2VWV>7:K[UD\Y_,!V[<!LYQMXQZ5(W@K16E#_9=I'DX"N0!Y7,>
A![5OT4 4M+TJUT>U-M9(4B,CR%2<_,Q+']35VBB@#__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
