<SEC-DOCUMENT>0001564590-18-024864.txt : 20181024
<SEC-HEADER>0001564590-18-024864.hdr.sgml : 20181024
<ACCEPTANCE-DATETIME>20181024130508
ACCESSION NUMBER:		0001564590-18-024864
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20181024
DATE AS OF CHANGE:		20181024

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASTROTECH Corp
		CENTRAL INDEX KEY:			0001001907
		STANDARD INDUSTRIAL CLASSIFICATION:	LABORATORY ANALYTICAL INSTRUMENTS [3826]
		IRS NUMBER:				911273737
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-227963
		FILM NUMBER:		181136028

	BUSINESS ADDRESS:	
		STREET 1:		201 W. 5TH STREET
		STREET 2:		SUITE 1275
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		5124859530

	MAIL ADDRESS:	
		STREET 1:		201 W. 5TH STREET
		STREET 2:		SUITE 1275
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASTROTECH Corp \WA\
		DATE OF NAME CHANGE:	20090310

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPACEHAB INC \WA\
		DATE OF NAME CHANGE:	19951006
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>astc-s3.htm
<DESCRIPTION>S-3 WINN INTERESTS LTD
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
astc-s3.htm
</title>
</head>
<!-- NG Converter v5.0.18157.137 -->
<body>

<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0.7%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">As filed with the Securities and Exchange Commission on October 24, 2018</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:4pt;margin-bottom:0pt;margin-right:1.3%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">UNITED STATES</p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION</p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Washington, D.C. 20549</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:center;line-height:19pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FORM S-3</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">REGISTRATION STATEMENT</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Under</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">THE SECURITIES ACT OF 1933</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">ASTROTECH CORPORATION</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Exact name of registrant as specified in its charter)</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:358.3pt;;">
<tr>
<td style="width:179.15pt;"></td>
<td style="width:179.15pt;"></td>
</tr>
<tr>
<td valign="top" >
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Delaware<font style="font-weight:normal;"><br />(State</font><font style="letter-spacing:-0.6pt;font-weight:normal;"> </font><font style="font-weight:normal;">or</font><font style="letter-spacing:-0.6pt;font-weight:normal;"> </font><font style="font-weight:normal;">other</font><font style="letter-spacing:-0.6pt;font-weight:normal;"> </font><font style="font-weight:normal;">jurisdiction</font><font style="letter-spacing:-0.6pt;font-weight:normal;"> </font><font style="font-weight:normal;">of<br />incorporation</font><font style="letter-spacing:-1.4pt;font-weight:normal;"> </font><font style="font-weight:normal;">or</font><font style="letter-spacing:-1.4pt;font-weight:normal;"> </font><font style="font-weight:normal;">organization)</font></p></td>
<td valign="top" >
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">91-1273737<font style="font-weight:normal;"><br />(I.R.S. Employer<br />Identification Number)</font></p></td>
</tr>
</table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">201 West 5th Street, Suite 1275</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Austin, Texas 78701</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(512) 485-9530</p>
<p style="text-align:center;margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Address, including zip code, and telephone number, including area code, of registrant&#8217;s principal executive offices)</p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Eric Stober<br />Chief<font style="letter-spacing:-1.1pt;"> </font>Financial<font style="letter-spacing:-1.1pt;"> </font>Officer<br />Astrotech Corporation<br />201 West 5th Street, Suite 1275<font style="font-weight:normal;"><br /></font>Austin, Texas 78701<br />(512) 485-9530</p>
<p style="text-align:center;margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Name, address, including zip code, and telephone number, including area code, of agent for service)</p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Copies to:</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">John Hempill, Esq.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Sheppard Mullin Richter &amp; Hampton LLP<br />30 Rockefeller Plaza</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">New York, NY 10112<br />(212) 653-8700</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Approximate date of commencement of proposed sale to the public: From time to time, after the effective date of this registration statement.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9745;</font></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221;, &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="middle"  style="width:70%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Large Accelerated filer <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p></td>
<td valign="middle"  style="width:30%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accelerated filer <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p></td>
</tr>
<tr>
<td valign="middle"  style="width:auto;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="middle"  style="width:auto;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:auto;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Non-accelerated filer <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font> (Do not check if smaller reporting company)</p></td>
<td valign="middle"  style="width:auto;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smaller reporting company <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9745;</font></font></p></td>
</tr>
<tr style="height:30.15pt;">
<td valign="middle"  style="width:auto;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Emerging growth company <font style="color:#000000;font-size:9pt;font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p></td>
<td valign="middle"  style="width:auto;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:9pt;font-family:inherit;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 Exchange Act.&#160;&#160;&#160;&#160;&#160;<font style="font-family:'Times New Roman';"><font style="font-size:9pt;font-family:'Times New Roman'">&#9744;</font></font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-top:4pt;border-bottom:Double 2.25pt;padding-bottom:15pt;margin-bottom:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">CALCULATION OF REGISTRATION FEE</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:477.4pt;;">
<tr>
<td style="width:91.8pt;"></td>
<td style="width:86.95pt;"></td>
<td style="width:95.55pt;"></td>
<td style="width:100.35pt;"></td>
<td style="width:102.75pt;"></td>
</tr>
<tr style="height:43.15pt;">
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;margin-right:0.19%;text-indent:-0.05pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Title of each class of securities to be registered</p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;margin-right:0.19%;text-indent:-0.05pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Amount to be&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;registered</p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Proposed Maximum Price Per Share (2)</p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Proposed Maximum Aggregate Offering Price</p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-right:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Amount of Registration Fee</p></td>
</tr>
<tr style="height:16.15pt;">
<td valign="middle"  style=" border-left:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Common Stock, </p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$0.001 par value per share (1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">409,645</p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$ 2.99</p></td>
<td valign="bottom"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$ 1,224,838.55</p></td>
<td valign="bottom"  style=" border-right:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$ 148.45</p></td>
</tr>
<tr style="height:23.9pt;">
<td valign="middle"  style=" border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p></td>
<td valign="bottom"  style=" border-bottom:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">409,645</p></td>
<td valign="bottom"  style=" border-bottom:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$ 2.99</p></td>
<td valign="bottom"  style=" border-bottom:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$ 1,224,838.55</p></td>
<td valign="bottom"  style=" border-bottom:solid 0.75pt #000000; border-right:solid 0.75pt #000000; border-top:solid 0.75pt #000000; border-left:solid 0.75pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$ 148.45</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.15%;white-space:nowrap">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.29%;white-space:nowrap">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1)</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Includes</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">rights</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">acquire</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">common</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">stock</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">preferred</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">stock</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">Company</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">under</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">shareholder</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">rights</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">plan</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">then</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">effect,</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">if</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">applicable</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">under the</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">terms</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">plan.</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.15%;white-space:nowrap">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.29%;white-space:nowrap">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2)</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), using the average of the high and low prices as reported on the NASDAQ Capital Market on October 16, 2018.</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:6.44%;margin-right:1.3%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment that specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:0%;font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU4"></a><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">The information in this pr</font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">ospectus is not complete and may be changed. </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">The Selling Stockholder</font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> may not sell these securities </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">under this prospectus</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">until</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">the</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Securities</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">and</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exchange</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Commission</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">declares</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">the</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">registration</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">statement</font><font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.6pt;">of which this prospectus in a part </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">effective.</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">This</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">prospectus</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">is</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">not</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">an</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">offer</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">to</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">sell these</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">securities</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">and</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">is</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">not</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">soliciting</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">an</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">offer</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">to</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">buy</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">these</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">securities</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">in</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">any</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">state</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">where</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">the</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">offer</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">or</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">sale</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">is</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">not</font><font style="letter-spacing:-0.55pt;"> </font><font style="font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">permitted.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:35.02%;margin-right:26.67%;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SUBJECT<font style="letter-spacing:-0.95pt;"> </font>TO<font style="letter-spacing:-0.95pt;"> </font>COMPLETION<font style="letter-spacing:-0.95pt;"> </font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#FF4040;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">DATED OCTOBER 22, 2018 <font style="letter-spacing:-0.95pt;"> </font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:20%;margin-right:26.67%;text-indent:6.67%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PROSPECTUS</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:26.99%;text-indent:0%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="ggsyvv5rho4o000001.jpg" title="" alt="" style="width:426px;height:102px;"></p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:1.61%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">ASTROTECH CORPORATION</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-right:5.74%;text-indent:0%;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-right:5.74%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409,645 Shares of Common Stock</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">This prospectus relates to 409,645 shares of our Common Stock which may be sold from time to time by the selling stockholder named in the prospectus, including its transferees, pledgees or donees or their respective successors.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-weight:bold;;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">The selling stockholder identified in this prospectus, or its pledgees, donees, transferees or other successors-in-interest, may offer the shares from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-weight:bold;;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">We will not receive any proceeds from the sale of these shares.&nbsp;&nbsp;We will pay the expenses of registering these shares.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our<font style="letter-spacing:-0.3pt;"> </font>common<font style="letter-spacing:-0.3pt;"> </font>stock<font style="letter-spacing:-0.3pt;"> </font>is<font style="letter-spacing:-0.3pt;"> </font>presently<font style="letter-spacing:-0.3pt;"> </font>listed<font style="letter-spacing:-0.3pt;"> </font>on<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>NASDAQ<font style="letter-spacing:-0.3pt;"> </font>Capital<font style="letter-spacing:-0.3pt;"> </font>Market<font style="letter-spacing:-0.3pt;"> </font>under<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>symbol<font style="letter-spacing:-0.3pt;"> </font>&#8220;ASTC&#8221;.<font style="letter-spacing:-0.3pt;"> </font>On<font style="letter-spacing:-0.3pt;"> </font>October 22,<font style="letter-spacing:-0.3pt;"> </font>2018,<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>last<font style="letter-spacing:-0.3pt;"> </font>reported<font style="letter-spacing:-0.3pt;"> </font>sale<font style="letter-spacing:-0.3pt;"> </font>price of our common stock was $2.94. </p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Investing<font style="letter-spacing:-0.3pt;"> </font>in<font style="letter-spacing:-0.3pt;"> </font>our<font style="letter-spacing:-0.3pt;"> </font>securities<font style="letter-spacing:-0.3pt;"> </font>involves<font style="letter-spacing:-0.35pt;"> </font>various<font style="letter-spacing:-0.3pt;"> </font>risks.<font style="letter-spacing:1.9pt;"> </font>See<font style="letter-spacing:-0.3pt;"> </font>&#8220;Risk<font style="letter-spacing:-0.3pt;"> </font>Factors&#8221;<font style="letter-spacing:-0.35pt;"> </font>contained<font style="letter-spacing:-0.3pt;"> </font>herein<font style="letter-spacing:-0.3pt;"> </font>for<font style="letter-spacing:-0.3pt;"> </font>more<font style="letter-spacing:-0.3pt;"> </font>information<font style="letter-spacing:-0.35pt;"> </font>on<font style="letter-spacing:-0.3pt;"> </font>these<font style="letter-spacing:-0.3pt;"> </font>risks.<font style="letter-spacing:-0.3pt;"> </font>Additional risks will be described in the related prospectus supplements under the heading &#8220;Risk Factors&#8221;. You should review that section of the related<font style="letter-spacing:-0.75pt;"> </font>prospectus<font style="letter-spacing:-0.75pt;"> </font>supplements<font style="letter-spacing:-0.75pt;"> </font>for<font style="letter-spacing:-0.75pt;"> </font>a<font style="letter-spacing:-0.75pt;"> </font>discussion<font style="letter-spacing:-0.75pt;"> </font>of<font style="letter-spacing:-0.75pt;"> </font>matters<font style="letter-spacing:-0.75pt;"> </font>that<font style="letter-spacing:-0.75pt;"> </font>investors<font style="letter-spacing:-0.75pt;"> </font>in<font style="letter-spacing:-0.75pt;"> </font>our<font style="letter-spacing:-0.75pt;"> </font>securities<font style="letter-spacing:-0.75pt;"> </font>should<font style="letter-spacing:-0.75pt;"> </font>consider.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:2.77%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Neither<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>Securities<font style="letter-spacing:-0.3pt;"> </font>and<font style="letter-spacing:-0.3pt;"> </font>Exchange<font style="letter-spacing:-0.3pt;"> </font>Commission<font style="letter-spacing:-0.3pt;"> </font>nor<font style="letter-spacing:-0.3pt;"> </font>any<font style="letter-spacing:-0.3pt;"> </font>state<font style="letter-spacing:-0.3pt;"> </font>securities<font style="letter-spacing:-0.3pt;"> </font>commission<font style="letter-spacing:-0.35pt;"> </font>has<font style="letter-spacing:-0.3pt;"> </font>approved<font style="letter-spacing:-0.3pt;"> </font>or<font style="letter-spacing:-0.3pt;"> </font>disapproved<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>these<font style="letter-spacing:-0.3pt;"> </font>securities, or passed upon the adequacy or accuracy of this prospectus or any accompanying prospectus supplement. Any representation to the contrary<font style="letter-spacing:-0.75pt;"> </font>is<font style="letter-spacing:-0.75pt;"> </font>a<font style="letter-spacing:-0.75pt;"> </font>criminal<font style="letter-spacing:-0.75pt;"> </font>offense.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The date of this Prospectus is __________, 2018.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU5"></a><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">TABLE OF CONTENTS</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:468pt;;">
<tr>
<td style="width:261pt;"></td>
<td style="width:207pt;"></td>
</tr>
<tr style="height:21.6pt;">
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Page</font></p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">ABOUT THIS </font><a href="#About_This_Prospectus"><font style="text-decoration:underline;color:#000000;">PROSPECTUS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">OUR </font><a href="#Our_Business"><font style="text-decoration:underline;color:#000000;">BUSINESS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">RISK </font><a href="#Risk_Factors"><font style="text-decoration:underline;color:#000000;">FACTORS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">FORWARD-LOOKING </font><a href="#Forward_Looking_Statements"><font style="text-decoration:underline;color:#000000;">STATEMENTS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">USE OF </font><a href="#Use_Of_Proceeds"><font style="text-decoration:underline;color:#000000;">PROCEEDS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">LEGAL </font><a href="#Legal_Matters"><font style="text-decoration:underline;color:#000000;">MATTERS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="#Experts"><font style="text-decoration:underline;">EXPERTS</font></a></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">WHERE YOU </font><a href="#Where_You_Can_Find_More_Information"><font style="text-decoration:underline;color:#000000;">CAN</font></a><font style="text-decoration:underline;"> FIND MORE INFORMATION</font></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22</p></td>
</tr>
<tr style="height:21.6pt;">
<td valign="middle" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0000FF;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">INCORPORATION</font><font style="text-decoration:underline;letter-spacing:-1.4pt;"> </font><font style="text-decoration:underline;">OF</font><font style="text-decoration:underline;letter-spacing:-1.4pt;"> </font><a href="#Incorporation_of_Documents_by_Reference"><font style="text-decoration:underline;color:#000000;">DOCUMENTS</font></a><font style="text-decoration:underline;letter-spacing:-1.4pt;"> </font><font style="text-decoration:underline;">BY</font><font style="text-decoration:underline;letter-spacing:-1.4pt;"> </font><font style="text-decoration:underline;">REFERENCE</font></p></td>
<td valign="middle" >
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark1"></a><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU6"></a><a name="About_This_Prospectus"></a><font style="font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="About_This_Prospectus"></a>A</font><font style="font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">BOUT THIS PROSPECTUS</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;) using a &#8220;shelf&#8221; registration process. </p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As<font style="letter-spacing:-0.6pt;"> </font>permitted<font style="letter-spacing:-0.6pt;"> </font>by<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>rules<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>regulations<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>SEC,<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>registration<font style="letter-spacing:-0.6pt;"> </font>statement,<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>which<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>prospectus<font style="letter-spacing:-0.6pt;"> </font>forms<font style="letter-spacing:-0.6pt;"> </font>a<font style="letter-spacing:-0.6pt;"> </font>part,<font style="letter-spacing:-0.6pt;"> </font>includes<font style="letter-spacing:-0.6pt;"> </font>additional information<font style="letter-spacing:-0.2pt;"> </font>not<font style="letter-spacing:-0.2pt;"> </font>contained<font style="letter-spacing:-0.2pt;"> </font>in<font style="letter-spacing:-0.2pt;"> </font>this<font style="letter-spacing:-0.2pt;"> </font>prospectus.<font style="letter-spacing:-0.2pt;"> </font>You<font style="letter-spacing:-0.2pt;"> </font>may<font style="letter-spacing:-0.2pt;"> </font>read<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>registration<font style="letter-spacing:-0.2pt;"> </font>statement<font style="letter-spacing:-0.2pt;"> </font>and<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>other<font style="letter-spacing:-0.2pt;"> </font>reports<font style="letter-spacing:-0.2pt;"> </font>we<font style="letter-spacing:-0.2pt;"> </font>file<font style="letter-spacing:-0.2pt;"> </font>with<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>SEC<font style="letter-spacing:-0.2pt;"> </font>at<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>SEC&#8217;s<font style="letter-spacing:-0.2pt;"> </font>web site<font style="letter-spacing:-0.65pt;"> </font>or<font style="letter-spacing:-0.65pt;"> </font>at<font style="letter-spacing:-0.65pt;"> </font>the<font style="letter-spacing:-0.65pt;"> </font>SEC&#8217;s<font style="letter-spacing:-0.65pt;"> </font>offices<font style="letter-spacing:-0.65pt;"> </font>described<font style="letter-spacing:-0.65pt;"> </font>below<font style="letter-spacing:-0.65pt;"> </font>under<font style="letter-spacing:-0.65pt;"> </font>the<font style="letter-spacing:-0.65pt;"> </font>heading<font style="letter-spacing:-0.65pt;"> </font>&#8220;Where<font style="letter-spacing:-0.65pt;"> </font>You<font style="letter-spacing:-0.65pt;"> </font>Can<font style="letter-spacing:-0.65pt;"> </font>Find<font style="letter-spacing:-0.65pt;"> </font>Additional<font style="letter-spacing:-0.65pt;"> </font>Information.&#8221;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In<font style="letter-spacing:-0.65pt;"> </font>this<font style="letter-spacing:-0.65pt;"> </font>prospectus,<font style="letter-spacing:-0.65pt;"> </font>&#8220;Astrotech,&#8221;<font style="letter-spacing:-0.65pt;"> </font>&#8220;the<font style="letter-spacing:-0.65pt;"> </font>Company,&#8221;<font style="letter-spacing:-0.65pt;"> </font>&#8220;we,&#8221;<font style="letter-spacing:-0.65pt;"> </font>&#8220;us,&#8221;<font style="letter-spacing:-0.65pt;"> </font>and<font style="letter-spacing:-0.65pt;"> </font>&#8220;our&#8221;<font style="letter-spacing:-0.65pt;"> </font>refer<font style="letter-spacing:-0.65pt;"> </font>to<font style="letter-spacing:-0.65pt;"> </font>Astrotech<font style="letter-spacing:-0.65pt;"> </font>Corporation,<font style="letter-spacing:-0.65pt;"> </font>a<font style="letter-spacing:-0.65pt;"> </font>Delaware<font style="letter-spacing:-0.65pt;"> </font>corporation,<font style="letter-spacing:-0.65pt;"> </font>unless<font style="letter-spacing:-0.65pt;"> </font>the context<font style="letter-spacing:-1.25pt;"> </font>otherwise<font style="letter-spacing:-1.25pt;"> </font>requires.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark2"></a><a name="Our_Business"></a><a name="Our_Business"></a>OUR BUSINESS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astrotech Corporation (NASDAQ: ASTC), a Delaware corporation organized in 1984, is a science and technology development and commercialization company that launches, manages, and builds scalable companies based on innovative technology in order to maximize shareholder value.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our efforts are focused on the following:</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:10.59%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top" style="width:9.41%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">1st Detect Corporation (&#8220;1st Detect&#8221;) is a manufacturer of advanced chemical detection and analysis instrumentation.</p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:10.54%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top" style="width:9.46%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Astral Images Corporation (&#8220;Astral&#8221;) is a developer of advanced film restoration and enhancement software.</p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Business Developments</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On Monday, October 16, 2017, we effectuated a reverse stock split of our shares of Common Stock whereby every five (5) pre-split shares of Common Stock were exchanged for one (1) post-split share of our Common Stock (&#8220;Reverse Stock Split&#8221;). No fractional shares were issued in connection with the Reverse Stock Split. Stockholders who would otherwise have held a fractional share of the Common Stock received a cash payment in lieu thereof. Numbers presented in these financial statements have been adjusted to reflect the Reverse Stock Split.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Effective December 22, 2017, we changed our state of incorporation from Washington to Delaware. As of that date, the rights of the Company's stockholders began to be governed by the Delaware corporation laws, our Certificate of Incorporation filed with the state of Delaware, and newly adopted By-Laws.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On July 3, 2018, we filed a Form S-3 shelf registration statement with the SEC for a maximum offering amount of $30 million. The shelf registration was subsequently deemed effective by the SEC on August 20, 2018.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On September 11, 2018, we received notification from the National Aeronautics and Space Administration (&#8220;NASA&#8221;) that our application for additional funding for Astrogenetix was declined.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October 9, 2018, we sold approximately $3 million of our securities in a private placement pursuant to Regulation D under the Securities Act.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Our Business Units</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Astro Scientific</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astro Scientific is a technology incubator that commercializes innovative technologies. Subsidiaries 1st Detect and Astrogenetix currently reside in Astro Scientific:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1st Detect<font style="font-weight:normal;"> - 1st Detect is a manufacturer of advanced chemical detection technology that detects and identifies trace amounts of explosives and narcotics. The Company offers technology that we believe outperforms currently deployed competitive trace detection solutions by offering:</font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU7"></a><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font><font style="margin-left:36pt;">A higher probability of detection with a near-zero false alarm rate</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">A considerably expanded library of explosives, narcotics, and other compounds of interest</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">A target library that can be instantaneous</font>ly updated or expanded in the field without requiring hardware configuration changes</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">Improved throughput at security or inspection checkpoints</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">Competitive pricing to current solutions</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our efforts have resulted in a platform technology that has many diverse market opportunities, with the initial focus remaining on the explosives and narcotics trace detection market where ion mobility spectrometers (&#8220;IMS&#8221;) are the leading incumbent technology. Of the 25,000 IMS instruments installed in the field, many are nearing their end of life. We believe these IMS systems have many shortcomings &#8212; most notably their limited library of detectable compounds, inability to adapt quickly to emerging threats, limited probability of detection, and significant false positive rates that reduce the user&#8217;s confidence in the machine&#8217;s efficacy and extends security or inspection checkpoint wait times.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As the current generation of IMS technology is replaced, we are positioning the Company to be the best next-generation solution for this market. Following a successful demo of our technology to U.S. Department of Homeland Security (&#8220;DHS&#8221;) and Transportation Security Administration (&#8220;TSA&#8221;) personnel in late 2017, we recently announced that the TRACER 1000 entered the Developmental Testing and Evaluation (&#8220;DT&amp;E&#8221;) process at the DHS&#8217;s Transportation Security Laboratory (&#8220;TSL&#8221;). Successful completion and passing of the DT&amp;E phase would lead to TSL Certification. TSL Certification is a significant endorsement that foreign governments and other U.S. government agencies consider when procuring explosives trace detector (&#8220;ETD&#8221;) instrumentation. Certification is also a major step towards being listed on the TSA&#8217;s Qualified Products List (&#8220;QPL&#8221;), and subsequently being deployed in airports throughout the U.S. In addition, we also recently announced that the TRACER 1000 has been accepted into the TSA&#8217;s Air Cargo Screening Technology Qualification Test (&#8220;ACSQT&#8221;) program, representing a major step toward inclusion on TSA&#8217;s exclusive Air Cargo Screening Technology List (&#8220;ACSTL&#8221;) and having the TRACER 1000 deployed at airports and cargo facilities worldwide to screen checked luggage and other air cargo. The instrument is designed to enable air carriers, freight forwarders, shippers, and independent cargo facilities to stay ahead of evolving threats while optimizing cargo throughput. Finally, the Company also announced that the TRACER 1000 was accepted into the European Civil Aviation Conference&#8217;s (&#8220;ECAC&#8221;) evaluation process for both passenger and cargo screening in airports. ECAC is the European equivalent to the U.S. TSA. The ECAC Certification would be a significant milestone that will allow us to begin selling to airports and governments internationally.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There is no assurance that any of the further steps detailed in the milestones mentioned above will be achieved or that our technology will be approved by any of the programs listed.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astrogenetix - Astrogenetix was developing a fast-track, on-orbit discovery platform using the International Space Station to develop vaccines. We were working with Texas A&amp;M University to obtain additional funding from NASA, which was declined subsequent to year-end. Future efforts at Astrogenetix have therefore been halted due to the lack of funding.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Astral Images Corporation</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astral Images - Astral is a developer of advanced film restoration and enhancement software. The Company offers significant cost savings to content owners who traditionally employ a laborious, inconsistent, and expensive manual frame-by-frame restoration process. At 24 frames-per- second, a full-length movie can easily have in excess of 200,000 frames, making manual conversion prohibitively expensive in some instances. At some point, we believe film studios will need to convert their film assets to 4K and/or high-dynamic range (&#8220;HDR&#8221;) (collectively known as ultra- high definition (&#8220;UHD&#8221;)). Astral will continue to position itself to support this shift using its powerful artificial intelligence (&#8220;AI&#8221;)-driven algorithms that remove dust, scratches, and defects from film while converting the content to a digital format with significantly enhanced resolution.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is at a point whereby its resources must be carefully allocated to optimize the primary objective &#8211; setting 1st Detect on a path to meaningful sales by getting through testing and certification. Although we believe Astral has developed valuable technology fortified by patents and trade secrets, the potential market has not evolved as quickly as anticipated. Due to funding constraints, the Company&#8217;s main focus remains on the 1st Detect opportunity. Consequently, headcount at Astral has been reduced, the Astral office was consolidated with the corporate office, expenditures have been reduced, and new development is exclusively focused on strategic initiatives that would facilitate the realization of Astral&#8217;s value.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU8"></a><font style="font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Corporate Information</font><font style="font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;text-indent:0%;font-weight:bold;;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;font-weight:normal;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our principal executive offices are located at 201 West 5th Street, Suite 1275, Austin, Texas 78701. Our telephone number is (512) 485-9530<font style="letter-spacing:0.3pt;font-weight:bold;"> </font>and our website address is www.astrotechcorp.com. The information on our website is not a part of, and should not be construed as<font style="letter-spacing:-0.75pt;"> </font>being<font style="letter-spacing:-0.75pt;"> </font>incorporated<font style="letter-spacing:-0.75pt;"> </font>by<font style="letter-spacing:-0.75pt;"> </font>reference<font style="letter-spacing:-0.75pt;"> </font>into,<font style="letter-spacing:-0.75pt;"> </font>this<font style="letter-spacing:-0.75pt;"> </font>prospectus<font style="letter-spacing:-0.75pt;"> </font>or<font style="letter-spacing:-0.75pt;"> </font>any<font style="letter-spacing:-0.75pt;"> </font>prospectus<font style="letter-spacing:-0.75pt;"> </font>supplement.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark3"></a><a name="Risk_Factors"></a><a name="Risk_Factors"></a>RISK FACTORS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">An investment in our securities involves a high degree of risk. This prospectus contains a<font style="letter-spacing:-0.2pt;"> </font>discussion<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>risks<font style="letter-spacing:-0.2pt;"> </font>applicable<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>an<font style="letter-spacing:-0.2pt;"> </font>investment<font style="letter-spacing:-0.2pt;"> </font>in<font style="letter-spacing:-0.2pt;"> </font>our<font style="letter-spacing:-0.2pt;"> </font>securities.<font style="letter-spacing:-0.2pt;"> </font>Prior<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>making<font style="letter-spacing:-0.2pt;"> </font>a<font style="letter-spacing:-0.2pt;"> </font>decision<font style="letter-spacing:-0.2pt;"> </font>about investing<font style="letter-spacing:-0.3pt;"> </font>in<font style="letter-spacing:-0.25pt;"> </font>our<font style="letter-spacing:-0.25pt;"> </font>securities,<font style="letter-spacing:-0.25pt;"> </font>you<font style="letter-spacing:-0.25pt;"> </font>should<font style="letter-spacing:-0.25pt;"> </font>carefully<font style="letter-spacing:-0.3pt;"> </font>consider<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>specific<font style="letter-spacing:-0.25pt;"> </font>factors<font style="letter-spacing:-0.25pt;"> </font>discussed<font style="letter-spacing:-0.25pt;"> </font>under<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>heading<font style="letter-spacing:-0.25pt;"> </font>&#8220;Risk<font style="letter-spacing:-0.25pt;"> </font>Factors&#8221;<font style="letter-spacing:-0.25pt;"> </font>in<font style="letter-spacing:-0.25pt;"> </font>this<font style="letter-spacing:-0.25pt;"> </font>prospectus<font style="letter-spacing:-0.25pt;"> </font>together<font style="letter-spacing:-0.55pt;"> </font>with<font style="letter-spacing:-0.55pt;"> </font>all<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>other<font style="letter-spacing:-0.55pt;"> </font>information<font style="letter-spacing:-0.55pt;"> </font>appearing<font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>incorporated<font style="letter-spacing:-0.6pt;"> </font>by<font style="letter-spacing:-0.6pt;"> </font>reference<font style="letter-spacing:-0.6pt;"> </font>in<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>prospectus.<font style="letter-spacing:-0.6pt;"> </font>You<font style="letter-spacing:-0.6pt;"> </font>should<font style="letter-spacing:-0.6pt;"> </font>also<font style="letter-spacing:-0.6pt;"> </font>consider<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>risks,<font style="letter-spacing:-0.6pt;"> </font>uncertainties<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>assumptions<font style="letter-spacing:-0.6pt;"> </font>as<font style="letter-spacing:-0.6pt;"> </font>updated<font style="letter-spacing:-0.6pt;"> </font>from<font style="letter-spacing:-0.6pt;"> </font>time<font style="letter-spacing:-0.6pt;"> </font>to time<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.5pt;"> </font>our<font style="letter-spacing:-0.5pt;"> </font>Annual<font style="letter-spacing:-0.5pt;"> </font>Report<font style="letter-spacing:-0.5pt;"> </font>on<font style="letter-spacing:-0.5pt;"> </font>Form<font style="letter-spacing:-0.5pt;"> </font>10-K,<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.5pt;"> </font>our<font style="letter-spacing:-0.5pt;"> </font>Quarterly<font style="letter-spacing:-0.5pt;"> </font>Reports<font style="letter-spacing:-0.5pt;"> </font>on<font style="letter-spacing:-0.5pt;"> </font>Form<font style="letter-spacing:-0.5pt;"> </font>10-Q,<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.5pt;"> </font>our<font style="letter-spacing:-0.5pt;"> </font>Current<font style="letter-spacing:-0.5pt;"> </font>Reports<font style="letter-spacing:-0.5pt;"> </font>on<font style="letter-spacing:-0.5pt;"> </font>Form<font style="letter-spacing:-0.5pt;"> </font>8-K,<font style="letter-spacing:-0.5pt;"> </font>all<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>which<font style="letter-spacing:-0.5pt;"> </font>are incorporated<font style="letter-spacing:-0.45pt;"> </font>herein<font style="letter-spacing:-0.45pt;"> </font>by<font style="letter-spacing:-0.45pt;"> </font>reference,<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.45pt;"> </font>may<font style="letter-spacing:-0.45pt;"> </font>be<font style="letter-spacing:-0.45pt;"> </font>amended,<font style="letter-spacing:-0.45pt;"> </font>supplemented,<font style="letter-spacing:-0.45pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font>superseded<font style="letter-spacing:-0.45pt;"> </font>from<font style="letter-spacing:-0.45pt;"> </font>time<font style="letter-spacing:-0.45pt;"> </font>to<font style="letter-spacing:-0.45pt;"> </font>time<font style="letter-spacing:-0.45pt;"> </font>by<font style="letter-spacing:-0.45pt;"> </font>other<font style="letter-spacing:-0.45pt;"> </font>reports<font style="letter-spacing:-0.45pt;"> </font>we<font style="letter-spacing:-0.45pt;"> </font>file<font style="letter-spacing:-0.45pt;"> </font>with<font style="letter-spacing:-0.45pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>SEC<font style="letter-spacing:-0.45pt;"> </font>in<font style="letter-spacing:-0.45pt;"> </font>the future<font style="letter-spacing:-0.25pt;">. </font>The<font style="letter-spacing:-0.2pt;"> </font>risks<font style="letter-spacing:-0.15pt;"> </font>and<font style="letter-spacing:-0.2pt;"> </font>uncertainties<font style="letter-spacing:-0.15pt;"> </font>we<font style="letter-spacing:-0.2pt;"> </font>have<font style="letter-spacing:-0.2pt;"> </font>described<font style="letter-spacing:-0.2pt;"> </font>are<font style="letter-spacing:-0.2pt;"> </font>not<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>only<font style="letter-spacing:-0.2pt;"> </font>ones<font style="letter-spacing:-0.15pt;"> </font>we<font style="letter-spacing:-0.2pt;"> </font>face. Additional<font style="letter-spacing:-0.6pt;"> </font>risks<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>uncertainties<font style="letter-spacing:-0.6pt;"> </font>not<font style="letter-spacing:-0.6pt;"> </font>presently<font style="letter-spacing:-0.6pt;"> </font>known<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.6pt;"> </font>us<font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>that<font style="letter-spacing:-0.6pt;"> </font>we<font style="letter-spacing:-0.6pt;"> </font>currently<font style="letter-spacing:-0.6pt;"> </font>deem<font style="letter-spacing:-0.6pt;"> </font>immaterial<font style="letter-spacing:-0.6pt;"> </font>may<font style="letter-spacing:-0.6pt;"> </font>also<font style="letter-spacing:-0.6pt;"> </font>affect<font style="letter-spacing:-0.6pt;"> </font>our<font style="letter-spacing:-0.6pt;"> </font>operations.<font style="letter-spacing:-0.6pt;"> </font>The<font style="letter-spacing:-0.6pt;"> </font>occurrence<font style="letter-spacing:-0.65pt;"> </font>of any<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>these<font style="letter-spacing:-0.55pt;"> </font>known<font style="letter-spacing:-0.55pt;"> </font>or<font style="letter-spacing:-0.55pt;"> </font>unknown<font style="letter-spacing:-0.55pt;"> </font>risks<font style="letter-spacing:-0.55pt;"> </font>might<font style="letter-spacing:-0.55pt;"> </font>cause<font style="letter-spacing:-0.55pt;"> </font>you<font style="letter-spacing:-0.55pt;"> </font>to<font style="letter-spacing:-0.55pt;"> </font>lose<font style="letter-spacing:-0.55pt;"> </font>all<font style="letter-spacing:-0.55pt;"> </font>or<font style="letter-spacing:-0.55pt;"> </font>part<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>your<font style="letter-spacing:-0.55pt;"> </font>investment<font style="letter-spacing:-0.55pt;"> </font>in<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>offered<font style="letter-spacing:-0.55pt;"> </font>securities.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:-0.46%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We have incurred significant losses since inception and anticipate that we will incur continued losses for the foreseeable future.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of June 30, 2018, we had an accumulated deficit of approximately $184.2 million and reported a net loss of $13.3 million for the fiscal year 2018. We are unable to predict the extent of any future losses or when we will become profitable, if at all. If we are unable to achieve and then maintain profitability, the market value of our common stock will likely experience significant decline.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our business units are in development stage. They have earned limited revenues and it is uncertain whether they will earn any revenues in the future or whether any of them will ultimately be profitable.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our business units are in an early stage with a limited operating history. Its future operations are subject to all of the risks inherent in the establishment of a new business including, but not limited to, risks related to capital requirements, failure to establish business relationships, and competitive disadvantages against larger and more established companies. These business units will require substantial amounts of funding to continue to commercialize products. If such funding comes in the form of equity financing, such equity financing may involve substantial dilution to existing shareholders. Even with funding, our products may fail to be effective or attractive to the market or lack the necessary financial or other resources or relationships to be successful.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These business units can be expected to experience continued operating losses until they can generate sufficient revenues to cover their operating costs. Furthermore, there can be no assurance that the business units will be able to develop, manufacture, or market additional products in the future, that future revenues will be significant, that any sales will be profitable, or that the business units will have sufficient funds available to complete their commercialization efforts.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Any products and technologies developed and manufactured by our business units may require regulatory approval prior to being made, marketed, sold, and used. There can be no assurance that regulatory approval of any products will be obtained.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU9"></a>The commercial success of any of our business units will depend, in part, on obtaining patent and other intellectual property protection for the technologies contained in any products it develops. In addition, our business units may need to license intellectual property to commercialize future products or avoid infringement of the intellectual property rights of others. There can be no assurance that licenses will be available on acceptable terms and conditions, if at all. Our business units may suffer if any licenses terminate, if the licensors fail to abide by the terms of the license or fail to prevent infringement by third parties, if the licensed patents or other rights are found to be invalid, or if our respective business unit is unable to enter into necessary licenses on acceptable terms. If such business unit, or any third-party, from whom it licenses intellectual property, fails to obtain adequate patent or other intellectual property protection for intellectual property covering its products, or if any protection is reduced or eliminated, others could use the intellectual property covering the products, resulting in harm to the competitive business position of this business unit. In addition, patent and other intellectual property protection may not provide our business units with a competitive advantage against competitors that devise ways of making competitive products without infringing any patents that this business unit owns or has rights to. Such competition could adversely affect the prices for any products or the market share of </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">any of </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">our business units and could have a material adverse effect on its results of operations and financial condition.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our cash and cash equivalents may not be sufficient to fund our operating expenses, capital equipment requirements, and other expected liquidity requirements.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our future capital requirements will depend on a number of factors, including our success in developing and expanding markets for our products, payments under possible future strategic arrangements, continued progress of our research and development of potential products, the need to acquire licenses to new technology, costs associated with increasing our manufacturing and development facilities, costs associated with strategic acquisitions including integration costs and assumed liabilities, litigation expense, the status of competitive products, and potential cost associated with both protecting and defending our intellectual property. Additionally, actions taken as a result of the ongoing internal evaluation of our business could result in expenditures that are not currently contemplated. Factors that could affect our capital requirements, in addition to those listed above include continued collections of accounts receivable consistent with our historical experience and our ability to manage product development efforts.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We cannot be certain that additional financing will be available on reasonable terms when needed, or at all, which could seriously harm our business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have incurred net losses and negative cash flow from operations in recent prior periods, and we may not achieve or maintain profitability in the future. As a result, we may need additional financing. Our ability to obtain additional financing, if and when required, will depend on investor demand, our operating performance, the condition of the capital markets, and other factors. Therefore, we may need to raise additional funds and we cannot assure investors that additional financing will be available to us on favorable terms when required, or at all. If we raise additional funds through the issuance of equity, equity-linked, or debt securities, those securities may have rights, preferences, or privileges senior to the rights of our common stock, and our existing stockholders may experience dilution.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">There is substantial doubt about our ability to continue as a going concern, indicating the possibility that we may not be able to operate in the future. The report of our independent registered public accounting firm also includes an explanatory paragraph about our ability to continue as a going concern.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of June 30, 2018, the Company has working capital of $3.3 million. For the fiscal year 2018, the Company reported a net loss of $13.3 million and net cash used in operating activities of $10.8 million. For the fiscal year 2017, the Company reported a net loss of $11.6 million attributable to the Company and net cash used in operating activities of $8.8 million. This raises substantial doubt about the Company&#8217;s ability to continue as a going concern. Our ability to continue as a going concern is contingent upon, among other factors, the sale of the shares of our common stock or obtaining alternate financing.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Management continues to pursue many options for its capital requirements to maximize shareholder value. These include, but are not limited to, selling the Company or a portion thereof, debt financing, equity financing, merging, or engaging in a strategic partnership. On July 3, 2018, management filed a Form S-3 shelf registration statement to raise possible funds through the capital markets.  On October 9, 2018, the Company received approximately $3 million in a private offering of its securities.&nbsp;&nbsp;The Company is currently evaluating additional offerings of any of or a combination of common stock, preferred stock, debt securities, warrants to purchase common stock, preferred stock or debt securities, or any combination of the foregoing, either individually or as units comprised of one or more of the other securities. Our consolidated financial statements as of June 30, 2018 do not include any adjustments that might result from the substantial doubt about the Company&#8217;s ability to continue as a going concern.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our success depends significantly on the establishment and maintenance of successful relationships with our customers.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We cannot make any assurances that any customer will require our services in the future. Therefore, we continue to work on diversifying our customer base, while going to great lengths to satisfy the needs of our current customer base.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Third parties may claim we are infringing their intellectual property rights, and we could suffer significant litigation or licensing expenses or be prevented from selling products.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU10"></a>As we introduce any new and potentially promising product or service, or improve existing products or services with </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">new features or components, companies possessing competing technologies, or other companies owning patents or other intellectual property rights, may be motivated to assert infringement claims in order to generate royalty revenues, delay or dim</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">inish potential sales, and challenge our right to market such products or services. Even if successful in defending against such claims, patent and other intellectual property related litigation is costly and time consuming. In addition, we may find it nec</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">essary to initiate litigation in order to protect our patent or other intellectual property rights, and even if the claims are well-founded and ultimately successful, such litigation is typically costly and time-consuming and may expose us to counterclaims</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, including claims for intellectual property infringement, antitrust, or other such claims. Third parties could also obtain patents or other intellectual property rights that may require us to either redesign products or, if possible, negotiate licenses fr</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">om such third parties. Adverse determinations in any such litigation could result in significant liabilities to third parties or injunctions, or could require us to seek licenses from third parties, and if such licenses are not available on commercially re</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">asonable terms, prevent us from manufacturing, importing, distributing, selling, or using certain products, any one of which could have a material adverse effect on us. In addition, some licenses may be non-exclusive, which could provide our competitors ac</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">cess to the same technologies. Under any of these circumstances, we may incur significant expenses.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our ongoing success is dependent upon the continued availability of certain key employees.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are dependent in our operations on the continued availability of the services of our employees, many of whom are individually key to our current and future success, and the availability of new employees to implement our growth plans. The market for skilled employees is highly competitive, especially for employees in technical fields. While our compensation programs are intended to attract and retain the employees required for us to be successful, ultimately, we may not be able to retain the services of all of our key employees or a sufficient number to execute on our plans. In addition, we may not be able to continue to attract new employees as required.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our operating results may be adversely affected by increased competition.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We generally sell our products in industries that have increased competition through frequent new product and service introductions, rapid technological changes, and changing industry standards. Without the timely introduction of new products, services, and enhancements, our products and services will become technologically obsolete over time, in which case our revenue and operating results would suffer. The success of our new products and services will depend on several factors, including our ability to:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">properly identify customer needs and predict future needs;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">innovate and develop new techno</font>logies, services, and applications;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">successfully commercialize new technologies in a timely manner;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">manufacture and deliver our products in sufficient volumes and on time;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">differentiate our offering from our competitors&#8217; offerings;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">price our produc</font>ts competitively;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">anticipate our competitors&#8217; development of new products, services, or technological innovations; and</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">control product quantity in our manufacturing process.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our insurance coverage may be inadequate to cover all significant risk exposures.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are exposed to liabilities that are unique to the products and services we provide. We maintain insurance for certain risks, and we believe our insurance coverage is consistent with general practices within our industry. However, the amount of our insurance coverage may not cover all claims or liabilities and we may be forced to bear substantial costs.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Increased cybersecurity requirements, vulnerabilities, threats, and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products, services, and data.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU11"></a>Increased global cybersecurity vulnerabilities, threats, and more sophisticated and targeted cyber-related attacks pose a risk to the security of our and our customers&#8217;, suppliers&#8217;, and third-party service providers&#8217; products, systems, and networks and the confidentiality, availability, and integrity of our and our customers&#8217; data. Although we have implemented policies, procedures, and controls to protect against, detect, and mitigate these threats, we remain potentially vulnerable to additional known or unknown threats. We also have access to sensitive, confidential, or personal data or information that is subject to privacy and security laws, regulations, and customer-imposed controls. Despite our efforts to protect sensitive, confidential, or personal data or information, we may be vulnerable to material security breaches, theft, misplaced or lost data, programming errors, employee errors, and/or </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">malfeasance that could potentially lead to the compromising of sensitive</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, confidential, or personal data or information, improper use of our systems or networks, unauthorized access, use, disclosure, modification, or destruction of information, defective products, production downtimes, and operational disruptions. In addition,</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> a cyber-related attack could result in other negative consequences, including damage to our reputation or competitiveness and remediation or increased protection costs, and could subject us to fines, damages, litigation, and enforcement actions.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our facilities located in Houston are susceptible to damage caused by hurricanes, earthquakes, or other natural disasters.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our 1st Detect facilities in Houston are susceptible to damage caused by hurricanes or other natural disasters. Although we insure our properties and maintain business interruption insurance, there can be no guarantee that the coverage would be sufficient or a claim will be fulfilled. A natural disaster could result in a temporary or permanent closure of our business operations, thus impacting our future financial performance.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">If we are unable to anticipate technological advances and customer requirements in the commercial and governmental markets, our business and financial condition may be adversely affected.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our business strategy employs our personnel&#8217;s decades of experience to expand the services and products we offer to our customers. We believe that our growth and future financial performance depend upon our ability to anticipate technological advances and customer requirements. There can be no assurance that we will be able to achieve the necessary technological advances for us to remain competitive. Our failure to anticipate or respond adequately to changes in technological and market requirements, or delays in additional product development or introduction, could have a material adverse effect on our business and financial performance. Additionally, the cost of capital to fund these businesses will likely require dilution of shareholders.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We plan to develop new products and services. No assurances can be given that we will be able to successfully develop these products and services.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our business strategy outlines the use of the decades of experience we have accumulated to expand the services and products we offer to both U.S. Government agencies and commercial industries. These services and products involve new and untested technologies and business models. These technologies and business models may not be successful, which could result in the loss of any investment we make in developing them.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">As a U.S. Government contractor, we are subject to extensive Federal procurement rules and regulations as well as contractual obligations that are unique to doing business with the U.S. Government. Non-compliance with any such rules, regulations, or contractual obligations could negatively affect current programs, potential awards, and our ability to do business with the U.S. Government in the future.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U.S. Government contractors must comply with extensive procurement regulations and other requirements including, but not limited to, those appearing in the FAR and its supplements, as well as specific procurement rules and contractual conditions imposed by various U.S. Government agencies. Many of these types of requirements do not appear in our contracts with commercial customers or foreign governments. In particular, U.S. Government contracts typically contain provisions and are subject to laws and regulations that give the Government agencies rights and remedies not typically found in commercial contracts, including providing the Government agency with the ability to unilaterally:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">terminate our existing contracts;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">reduce the value of our existing contracts;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">modify some of the terms and conditions in our existing contracts;</font></p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:10.54%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top" style="width:2.78%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">suspend or permanently prohibit us from doing business with the government or with any specific government agency;</p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">control and potentially prohibit the export of our products;</font></p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:10.54%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top" style="width:2.78%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">cancel or delay existing multiyear contracts and related orders if the necessary funds for contract performance for any subsequent year are not appropriated;</p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">decline to exercise an option to extend an existing multiyear contract; and</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">claim rights to technologies and systems invented, developed, or produced by us.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU12"></a>U.S. Government agencies and the agencies of certain other governments with which we contract can terminate their contracts with us for convenience, and in that event, we generally may recover only our incurred or committed costs, settlement </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">expenses, and profit on the work completed prior to</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> termination. If an agency terminates a contract with us for default, we may be denied any recovery and may be liable for excess costs incurred by the agency in procuring undelivered items from an alternative source. Decisions by an agency to terminate one</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> of our contracts for default could negatively affect our ability to win future awards not only from such agency, but also from other government agencies and commercial customers, many of whom evaluate past performance, or are required to review past perfo</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">rmance information, when making their procurement decisions.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U.S. Government agencies may also initiate civil False Claims Act litigation against us based on allegations related to our performance of contracts for the U.S. Government, or to our compliance with procurement regulations and other legal requirements to which such contracts are subject, or both. Such litigation can be expensive to defend and, if found liable, can result in treble damages and significant civil penalties. The U.S.&nbsp;&nbsp;Government may also initiate administrative proceedings that, if resulting in an adverse finding against us or any of our subsidiaries as to our present responsibility to be a U.S. Government contractor or subcontractor, could result in our company or our subsidiaries being suspended for a period of time from eligibility for awards of new government contracts or task orders or in a loss of export privileges and, if satisfying the requisite level of seriousness, in our debarment from contracting with the U.S. Government for a specified term as well as being subject to other remedies available to the U.S. Government.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Our business could be adversely affected by a negative audit by the U.S. Government.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U.S. Government agencies routinely audit and investigate government contractors. These agencies review a contractor&#8217;s performance under its contracts, cost structure, and compliance with applicable laws, regulations, and standards. The U.S. Government may also review the adequacy of, and a contractor&#8217;s compliance with, its internal control systems and policies, including the contractor&#8217;s purchasing, property, estimating, compensation, and management information systems. Any costs found to be improperly allocated to a specific contract will not be reimbursed, while such costs already reimbursed must be refunded. If an audit uncovers improper or illegal activities, we may be subject to civil and criminal penalties and administrative sanctions, including termination of contracts, forfeiture of profits, suspension of payments, fines, and suspension or prohibition from doing business with the U.S. Government. In addition, we could suffer serious reputational harm that may affect our non- governmental business if allegations of impropriety were made against us.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Certain of our U.S. Government contracts are dependent upon our employees obtaining and maintaining required security clearances, as well as our ability to obtain security clearances for the facilities in which we perform sensitive government work.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain of our U.S. Government contracts require our employees to maintain various levels of security clearances, and we are required to maintain certain facility security clearances. If we cannot maintain or obtain the required security clearances for our facilities and our employees, or obtain these clearances in a timely manner, we may be unable to perform certain U.S. Government contracts. Further, loss of a facility clearance, or an employee's failure to obtain or maintain a security clearance, could result in a U.S. Government customer terminating an existing contract or choosing not to renew a contract. Lack of required clearances could also impede our ability to bid on or win new U.S. Government contracts. This could damage our reputation and adversely affect our business, financial condition, and results of operations.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We incur substantial upfront, non-reimbursable costs in preparing proposals to bid on contracts that we may not be awarded.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preparing a proposal to bid on a contract is labor-intensive and results in the incurrence of substantial costs that are generally not retrievable. Additionally, although we may be awarded a contract, work performance does not commence for several months following completion of the bidding process. If funding problems by the party awarding the contract or other matters further delay our commencement of work, these delays may lower the value of the contract, or possibly render it unprofitable.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">A failure of a key information technology system, process, or site could have a material adverse impact on our ability to conduct business.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU13"></a>We rely extensively on information technology systems to interact with our employees and our customers. These interactions include, but are not limited to, ordering and managing materials from suppliers, converting materials to finished products, shipping product to customers, processing transactions, summarizing and reporting results of operations, transmitting data used by our service personnel and by and among our wide-spread personnel and facilities, complying with regulatory, legal, and tax requirements, and other processes necessary to manage our business. If our systems are damaged or cease to function properly due to any number of causes, ranging from the failures of third-party service providers, to catastrophic events, to power </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">outages, to security breaches, and our business continuity plans do not effectively compensate on a timely basis, we may suffer interruptions in our ability to manage operations which may adversely impact our results of operations and/or</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> financial condition.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">The market price of our common stock may be volatile and adversely affected by several factors.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The market price of our common stock could fluctuate significantly in response to various factors and events, including:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">our ability to </font>execute our business plan;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">operating results below expectations;</font></p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:10.54%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top" style="width:2.78%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">our issuance of additional securities, including debt or equity or a combination thereof, necessary to fund our operating expenses;</p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">announcements of technological innovations or new pro</font>ducts by us or our competitors;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">economic and other external factors;</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.6%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">period-to-period fluctuations in our financial results; and</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;<font style="margin-left:36pt;">whether an active trading market in our common stock develops and is maintained.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition, the securities markets have from time to time experienced significant price and volume fluctuations that are unrelated to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market price of our common stock.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We have not paid cash dividends in the past and do not expect to pay cash dividends in the foreseeable future. Any return on investment in shares of common stock may be limited to the value of our common stock.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have never paid cash dividends on our common stock and do not anticipate paying cash dividends on our common stock in the foreseeable future. The payment of dividends on our capital stock will depend on our earnings, financial condition, and other business and economic factors affecting us at such time as the Board of Directors may consider relevant. If we do not pay dividends, our common stock may be less valuable because a return on any investment in shares of our common stock will only occur if the common stock price appreciates.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">A sale of a substantial number of shares of the common stock may cause the price of our common stock to decline.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If our shareholders sell, or the market perceives that our shareholders intend to sell for various reasons, substantial amounts of our common stock in the public market may make it more difficult for us to sell equity or equity-related securities in the future at a time and price that we deem reasonable or appropriate.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">If we fail to comply with the continued minimum closing bid requirements of the NASDAQ Capital Market or other requirements for continued listing, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU14"></a>On August 24, 2017, we received a written notice (the &#8220;Notice&#8221;) from the NASDAQ Stock Market LLC (&#8220;NASDAQ&#8221;) that we were not in compliance with NASDAQ Listing Rule 5550(a)(2), as the minimum bid price of our common stock had been below $1.00 per share for 30 consecutive business days. The Notice had no immediate effect on the listing of our common stock, and our common stock continues to trade on the NASDAQ Capital Market under the symbol &#8220;ASTC&#8221;. In accordance with NASDAQ Listing Rule 5810(c)(3)(A), we had a period of 180 calendar days, or until February 20, 2018, to regain compliance with the minimum bid price requirement. To regain compliance, on October 13, 2017, we filed Articles of Amendment to our Restated Articles of Incorporation, as amended (&#8220;Articles of Incorporation&#8221;) to effect a 1-for-5 reverse stock split of all of our outstanding shares of common stock and a proportional reduction in the number of our authorized shares of common stock such that the number of authorized shares was reduced from 75,000,000 shares authorized to 15,000,000 shares authorized. The closing bid price of our common stock met or exceeded $1.00 per share for 10 consecutive business days following the effective date of our reverse stock split. In the event that our stock price declines below $1.00 per share in the future and we fail to comply with NASDAQ Listing Rule 5550(a)(2), we may be eligible for an additional 180 calendar day grace period if we meet the initial listing standards, with the exception of bid price, for the NASDAQ Capital Market, and we provide written notice to NASDAQ of our intention to cure the deficiency during the second compliance period. If we do not regain compliance within the allotted compliance period(s), including any extensions that may be granted by NASDAQ, or fail to comply with other requirements for continued listing, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted. A delisting of our common stock from the NASDAQ Capital Market could materially reduce the liquidity </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of our common stock and result in a corresponding material reduction in the price of our common stock. In addition, delisting could harm our ability to raise capital through alternative financing sources on terms acceptable to us, or at all, and may re</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">sult in the potential loss of confidence by investors and employees and fewer business development opportunities.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We are a smaller reporting company and, as a result of the reduced disclosure and governance requirements applicable to such companies, our common stock may be less attractive to investors.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are a smaller reporting company, (i.e. a company with less than $250 million of public float) and we are eligible to take advantage of certain exemptions from various reporting requirements applicable to other public companies. We have elected to adopt these reduced disclosure requirements. We cannot predict if investors will find our common stock less attractive as a result of our taking advantage of these exemptions. If some investors find our common stock less attractive as a result of our choices, there may be a less active trading market for our common stock and our stock price may be more volatile.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We are required to evaluate the effectiveness of our internal control over financial reporting on an annual basis and publicly disclose any material weaknesses in our controls. Any adverse results from such evaluation could result in a loss of investor confidence in our financial reports and significant expense to remediate, and ultimately could have an adverse effect on our stock price.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 404 of the Sarbanes-Oxley Act of 2002 requires our management to assess the effectiveness of our internal control over financial reporting and to disclose if such controls were unable to provide assurance that a material error would be prevented or detected in a timely manner. We have an ongoing program to review the design of our internal controls framework in keeping with changes in business needs, implement necessary changes to our controls design, and test the system and process controls necessary to comply with these requirements. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within our Company will have been detected.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If we or our independent registered public accounting firm identifies material weaknesses in our internal controls, the disclosure of that fact, even if quickly remedied, may cause investors to lose confidence in our financial statements and our stock price may decline. Remediation of a material weakness could require us to incur significant expenses and, if we fail to remedy any material weakness, our ability to report our financial results on a timely and accurate basis may be adversely affected, our access to the capital markets may be restricted, our stock price may decline, and we may be subject to sanctions or investigation by regulatory authorities, including the SEC or NASDAQ. We may also be required to restate our financial statements from prior periods. Execution of restatements create a significant strain on our internal resources and could cause delays in our filing of quarterly or annual financial results, increase our costs, and cause management distraction. Restatements may also significantly affect our stock price in an adverse manner.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.5%;margin-right:1.3%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">We can sell additional shares of common stock without consulting shareholders and without offering shares to existing shareholders, which would result in dilution of shareholders&#8217; interests in the Company and could depress our stock price.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark4"></a>Our Articles of Incorporation authorizes 15,000,000 shares of common stock, of which 4,097,346 were outstanding as of June 30, 2018, and our Board is authorized to issue additional shares of our common stock. In addition, our Articles of Incorporation authorizes 2,500,000 shares of &#8220;blank check preferred stock,&#8221; of which our Board has designated 300,000 shares as Series A Junior Preferred Stock, none of which is outstanding and 886,950 shares as Series B Convertible Preferred Stock, all of which is currently outstanding. The remaining shares of &#8220;blank check preferred stock&#8221; may be issued in such series and with such rights, privileges, and limitations as the Board may, in its sole discretion, determine. Although our Board intends to utilize its reasonable business judgment to fulfill its fiduciary obligations to our then existing shareholders in connection with any future issuance of our capital stock, the future issuance of additional shares of our capital stock would cause immediate, and potentially substantial, dilution to our existing shareholders, which could also have a material effect on the market value of the shares. Furthermore, our Board may authorize the issuance of a series of preferred stock that would grant to holders the preferred right to our assets upon liquidation, the right to receive dividend payments before dividends are distributed to the holders of common stock, and the right to the redemption of the shares, together with a premium, prior to the redemption of the common stock. In addition, our Board could authorize the issuance of a series of preferred stock that has greater voting power than the common stock or that is conv<a name="_bookmark4"></a>ertible into our common stock, which could decrease the relative voting power of the common stock or result in dilution to our existing shareholders.<font style="font-weight:bold;"><br /></font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU15"></a><a name="Forward_Looking_Statements"></a><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="Forward_Looking_Statements"></a>FORWARD-LOOKIN</font><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">G STATEMENTS</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This prospectus including the documents that we incorporate by reference, contains forward-looking<font style="letter-spacing:-0.5pt;"> </font>statements<font style="letter-spacing:-0.5pt;"> </font>within<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>meaning<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>Section<font style="letter-spacing:-0.5pt;"> </font>27A<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>Securities<font style="letter-spacing:-0.5pt;"> </font>Act<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>1933,<font style="letter-spacing:-0.5pt;"> </font>as<font style="letter-spacing:-0.5pt;"> </font>amended<font style="letter-spacing:-0.5pt;"> </font>(the<font style="letter-spacing:-0.5pt;"> </font>&#8220;Securities<font style="letter-spacing:-0.5pt;"> </font>Act&#8221;)<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>Section<font style="letter-spacing:-0.5pt;"> </font>21E<font style="letter-spacing:-0.5pt;"> </font>of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;). Any statements in this prospectus other than statements of historical fact are &#8220;forward-looking statements&#8221; for purposes of federal and state securities laws. Forward-looking statements may include the words &#8220;may,&#8221; &#8220;will,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;intends&#8221; and other similar expressions. Such statements are subject to risks and uncertainties that could cause our actual results to differ materially from those projected in the statements. Such risks and uncertainties include, but are not limited to:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Any forward-looking statements are qualified in their entirety by reference to the risk factors discussed throughout this prospectus and any<font style="letter-spacing:-0.55pt;"> </font>accompanying<font style="letter-spacing:-0.55pt;"> </font>prospectus<font style="letter-spacing:-0.55pt;"> </font>supplement.<font style="letter-spacing:-0.55pt;"> </font>Some<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>risks,<font style="letter-spacing:-0.55pt;"> </font>uncertainties<font style="letter-spacing:-0.55pt;"> </font>and<font style="letter-spacing:-0.55pt;"> </font>assumptions<font style="letter-spacing:-0.55pt;"> </font>that<font style="letter-spacing:-0.55pt;"> </font>could<font style="letter-spacing:-0.55pt;"> </font>cause<font style="letter-spacing:-0.55pt;"> </font>actual<font style="letter-spacing:-0.55pt;"> </font>results<font style="letter-spacing:-0.55pt;"> </font>to<font style="letter-spacing:-0.55pt;"> </font>differ<font style="letter-spacing:-0.55pt;"> </font>materially<font style="letter-spacing:-0.55pt;"> </font>from estimates<font style="letter-spacing:-0.7pt;"> </font>or<font style="letter-spacing:-0.7pt;"> </font>projections<font style="letter-spacing:-0.7pt;"> </font>contained<font style="letter-spacing:-0.7pt;"> </font>in<font style="letter-spacing:-0.7pt;"> </font>the<font style="letter-spacing:-0.7pt;"> </font>forward-looking<font style="letter-spacing:-0.7pt;"> </font>statements<font style="letter-spacing:-0.7pt;"> </font>include<font style="letter-spacing:-0.7pt;"> </font>but<font style="letter-spacing:-0.7pt;"> </font>are<font style="letter-spacing:-0.7pt;"> </font>not<font style="letter-spacing:-0.7pt;"> </font>limited<font style="letter-spacing:-0.7pt;"> </font>to:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">The effect of economic and political conditions in the United States or other nations that could impact our ability to sell our products and services or gain customers;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">The impact of trade barriers imposed by the U.S. government, such as import/export duties and restrictions, tariffs and quotas, and potential corresponding actions by other countries in which the Company conducts its business;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Our ability to continue as a going concern;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Our ability to raise sufficient capital to meet our long- and short-term liquidity requirements;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Our ability to successfully pursue our business plan and execute our strategy;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Technological difficulties and potential legal claims arising from any technological difficulties;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Product demand and market acceptance risks, including our ability to develop and sell products and services to be used by governmental or commercial customers;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Uncertainty in government funding and support for key programs, grant opportunities, or procurements;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">The impact of competition on our ability to win new contracts; and</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Our ability to meet technological development milestones and overcome development challenges.</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of the assumptions could be inaccurate. Therefore, we cannot assure you that the forward-looking statements included in this prospectus will prove to be accurate. In light of the significant uncertainties inherent in our forward-looking statements, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The foregoing list sets forth some, but not all, of the factors that could affect our ability to achieve results described in any forward- looking<font style="letter-spacing:-0.55pt;"> </font>statements.<font style="letter-spacing:-0.55pt;"> </font>You<font style="letter-spacing:-0.55pt;"> </font>should<font style="letter-spacing:-0.55pt;"> </font>read<font style="letter-spacing:-0.55pt;"> </font>this<font style="letter-spacing:-0.55pt;"> </font>prospectus<font style="letter-spacing:-0.55pt;"> </font>and<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>documents<font style="letter-spacing:-0.55pt;"> </font>that<font style="letter-spacing:-0.55pt;"> </font>we<font style="letter-spacing:-0.55pt;"> </font>reference<font style="letter-spacing:-0.55pt;"> </font>herein<font style="letter-spacing:-0.55pt;"> </font>and therein and have filed as exhibits to the registration statement, of which this prospectus is part, completely and with the understanding that our actual<font style="letter-spacing:-0.6pt;"> </font>future<font style="letter-spacing:-0.6pt;"> </font>results<font style="letter-spacing:-0.6pt;"> </font>may<font style="letter-spacing:-0.6pt;"> </font>be<font style="letter-spacing:-0.6pt;"> </font>materially<font style="letter-spacing:-0.6pt;"> </font>different<font style="letter-spacing:-0.6pt;"> </font>from<font style="letter-spacing:-0.6pt;"> </font>what<font style="letter-spacing:-0.6pt;"> </font>we<font style="letter-spacing:-0.6pt;"> </font>expect.<font style="letter-spacing:1.35pt;"> </font>You<font style="letter-spacing:-0.6pt;"> </font>should<font style="letter-spacing:-0.6pt;"> </font>assume<font style="letter-spacing:-0.6pt;"> </font>that<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>information<font style="letter-spacing:-0.6pt;"> </font>appearing<font style="letter-spacing:-0.6pt;"> </font>in<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>prospectus<font style="letter-spacing:-0.6pt;"> </font>is<font style="letter-spacing:-0.3pt;"> </font>accurate<font style="letter-spacing:-0.3pt;"> </font>as<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>date<font style="letter-spacing:-0.3pt;"> </font>on<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>front<font style="letter-spacing:-0.3pt;"> </font>cover<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>this<font style="letter-spacing:-0.3pt;"> </font>prospectus<font style="letter-spacing:-0.3pt;"> </font>only.<font style="letter-spacing:1.95pt;"> </font>Because the risk factors referred to in this prospectus or incorporated herein by reference could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements made by us or on our behalf, you should not place undue reliance on any forward-looking<font style="letter-spacing:-0.6pt;"> </font>statements.<font style="letter-spacing:1.4pt;"> </font>Further,<font style="letter-spacing:-0.6pt;"> </font>any<font style="letter-spacing:-0.6pt;"> </font>forward-looking<font style="letter-spacing:-0.6pt;"> </font>statement<font style="letter-spacing:-0.6pt;"> </font>speaks<font style="letter-spacing:-0.6pt;"> </font>only<font style="letter-spacing:-0.6pt;"> </font>as<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>date<font style="letter-spacing:-0.6pt;"> </font>on<font style="letter-spacing:-0.6pt;"> </font>which<font style="letter-spacing:-0.6pt;"> </font>it<font style="letter-spacing:-0.6pt;"> </font>is<font style="letter-spacing:-0.6pt;"> </font>made,<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>we<font style="letter-spacing:-0.6pt;"> </font>undertake<font style="letter-spacing:-0.6pt;"> </font>no<font style="letter-spacing:-0.6pt;"> </font>obligation to<font style="letter-spacing:-0.5pt;"> </font>update<font style="letter-spacing:-0.5pt;"> </font>any<font style="letter-spacing:-0.5pt;"> </font>forward-looking<font style="letter-spacing:-0.5pt;"> </font>statement<font style="letter-spacing:-0.5pt;"> </font>to<font style="letter-spacing:-0.5pt;"> </font>reflect<font style="letter-spacing:-0.5pt;"> </font>events<font style="letter-spacing:-0.5pt;"> </font>or<font style="letter-spacing:-0.5pt;"> </font>circumstances<font style="letter-spacing:-0.55pt;"> </font>after<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>date<font style="letter-spacing:-0.5pt;"> </font>on<font style="letter-spacing:-0.5pt;"> </font>which<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>statement<font style="letter-spacing:-0.5pt;"> </font>is<font style="letter-spacing:-0.5pt;"> </font>made<font style="letter-spacing:-0.5pt;"> </font>or<font style="letter-spacing:-0.5pt;"> </font>to<font style="letter-spacing:-0.5pt;"> </font>reflect<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for us to predict which factors will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We qualify all of the information presented in this prospectus and any accompanying<font style="letter-spacing:-1pt;"> </font>prospectus<font style="letter-spacing:-1pt;"> </font>supplement,<font style="letter-spacing:-1pt;"> </font>and<font style="letter-spacing:-1pt;"> </font>particularly<font style="letter-spacing:-1pt;"> </font>our<font style="letter-spacing:-1pt;"> </font>forward-looking<font style="letter-spacing:-1pt;"> </font>statements,<font style="letter-spacing:-1pt;"> </font>by<font style="letter-spacing:-1pt;"> </font>these<font style="letter-spacing:-1pt;"> </font>cautionary<font style="letter-spacing:-1pt;"> </font>statements.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.5%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark5"></a><a name="_bookmark6"></a><a name="Use_Of_Proceeds"></a><a name="Use_Of_Proceeds"></a>USE OF PROCEEDS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.9%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The selling stockholder will receive all of the proceeds from the sale of the securities sold pursuant to this prospectus. See &#8220;Selling Stockholders&#8221; for the entity receiving proceeds from the sales of these shares.</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-right:1.3%;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SELLING STOCKHOLDERS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have filed a registration statement, of which this prospectus forms a part, in order to permit the selling stockholder or its transferees to resell to the public up to 409,645&#160;shares of Common Stock.&nbsp;&nbsp;The selling stockholder may sell all, some or none of its Common Stock in this offering. See &#8220;Plan of Distribution.&#8221;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-right:1.3%;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Common Stock was issued by us to the selling stockholder pursuant to a Securities Purchase Agreement dated October&#160;9, 2018.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following table sets forth, based on information provided to us by the selling stockholder or as known to us, (i)&#160;the name of the selling stockholder, (ii)&#160;the number of shares of common stock owned beneficially by it as of October&#160;9, 2018, (iii)&#160;the number of shares which may be offered pursuant to this prospectus and (iv)&#160;the number of shares and percentage of class to be owned by the selling stockholder after this offering. The selling stockholder has not held any position or office or had any other material relationship with the Company or any of its affiliates within the previous three years other than as a result of its ownership of Common Stock. Because the selling stockholders may offer all, some or none of their respective shares of Common Stock, no definitive estimate as to the number of shares that will be held by any selling stockholders after this offering can be provided.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The selling stockholder has provided information regarding their holdings set forth in the table below. The selling stockholder named in the table has sole voting and investment power with respect to all Common Stock shown as beneficially owned by it except as described therein. A person is considered the beneficial owner of any securities as of a given date that can be acquired within 60 days of such date through the exercise of any option, warrant or right. Common Stock subject to options, warrants or rights which are currently exercisable or exercisable within 60 days are considered outstanding for computing the ownership percentage of the person holding such options, warrants or rights, but are not considered outstanding for computing the ownership percentage of any other person.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The &#8220;Common Shares Beneficially Owned after Offering&#8221; column assumes the sale of all shares offered. The &#8220;Percentage of Common Shares Beneficially Owned after Offering&#8221; column is based on 4,505,019&#160;shares of common stock outstanding as of October&#160;9, 2018.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:550.8pt;;">
<tr>
<td style="width:140.4pt;"></td>
<td style="width:103.5pt;"></td>
<td style="width:86.55pt;"></td>
<td style="width:110.15pt;"></td>
<td style="width:110.2pt;"></td>
</tr>
<tr>
<td valign="bottom" >
<p style="border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name of Selling Stockholder</p></td>
<td valign="bottom" >
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common Shares<br />Beneficially<br />Owned Prior to<br />Offering</p></td>
<td valign="bottom" >
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common Shares<br />Offered by this<br />Prospectus</p></td>
<td valign="bottom" >
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common Shares<br />Beneficially<br />Owned After<br />Offering</p></td>
<td valign="bottom" >
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Percentage of<br />Common Shares<br />Beneficially<br />Owned After Offering</p></td>
</tr>
<tr>
<td valign="bottom" >
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Winn Interests Ltd.</p></td>
<td valign="bottom" >
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">113,741</p></td>
<td valign="bottom" >
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">409,645</p></td>
<td valign="bottom" >
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">523,386</p></td>
<td valign="bottom" >
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.64%</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PLAN OF DISTRIBUTION</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The selling stockholder, or its pledgees, donees, transferees, or other successors in interest, may offer its Common Stock from time to time in one or more of the following transactions:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"></font>on any U.S. securities exchange on which the Common Stock may be listed at the time of such sale;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:36pt;"></font>in the over-the-counter market;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:36pt;"></font>block trades in which the broker or dealer so engaged will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)<font style="margin-left:36pt;"></font>purchases by a broker or dealer as principal and resale by such broker or dealer for its account pursuant to this prospectus;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e)<font style="margin-left:36pt;"></font>ordinary brokerage transactions and transactions in which the broker solicits purchases;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU16"></a><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(f</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</font><font style="margin-left:36pt;"></font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">privately negotiated transactions;</font></p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(g)<font style="margin-left:36pt;"></font>short sales;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(h)<font style="margin-left:36pt;"></font>through the writing of options on the shares;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(i)<font style="margin-left:36pt;"></font>one or more underwritten offerings on a firm commitment or best efforts basis; </p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(j)<font style="margin-left:36pt;"></font>any combination of such methods of sale; or</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(k) any other method permitted pursuant to applicable law.</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The selling stockholder may also transfer shares by gift or pursuant to Rule 144.  We do not know of any arrangements by any selling stockholder for the sale of the Common Stock held by them.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Broker-dealers engaged by the selling stockholder may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling stockholder (or, if any broker-dealer acts as agent for the purchaser of securities, from the purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this prospectus, in the case of an agency transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440, and in the case of a principal transaction, a markup or markdown in compliance with FINRA IM-2440.</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In connection with the sale of the securities or interests therein, the selling stockholder may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the securities in the course of hedging the positions they assume. The selling stockholder may also sell securities short and deliver these securities to close out their short positions, or loan or pledge the securities to broker-dealers that in turn may sell these securities. The selling stockholder may also enter into option or other transactions with broker-dealers or other financial institutions or create one or more derivative securities which require the delivery to such broker-dealer or other financial institution of securities offered by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> The selling stockholder and any broker-dealers or agents that are involved in selling the securities may be deemed to be &#8220;underwriters&#8221; within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. </p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is required to pay certain fees and expenses incurred by the Company incident to the registration of the securities. </p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Because the selling stockholder may be deemed to be &#8220;underwriters&#8221; within the meaning of the Securities Act, it will be subject to the prospectus delivery requirements of the Securities Act including Rule 172 thereunder. </p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The resale securities will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered hereby may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with. </p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Under applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the resale securities may not simultaneously engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution. In addition, the selling stockholder will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of securities of the common stock by the selling stockholder or any other person. We will make copies of this prospectus available to the selling stockholder.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark8"></a>DESCRIPTION OF CAPITAL STOCK</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">General</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU17"></a>The following description of our capital stock, together with any additional information we include in any applicable prospectus supplement<font style="letter-spacing:-0.3pt;"> </font>or<font style="letter-spacing:-0.3pt;"> </font>any<font style="letter-spacing:-0.3pt;"> </font>related<font style="letter-spacing:-0.3pt;"> </font>free<font style="letter-spacing:-0.3pt;"> </font>writing<font style="letter-spacing:-0.3pt;"> </font>prospectus,<font style="letter-spacing:-0.3pt;"> </font>summarizes<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>material<font style="letter-spacing:-0.3pt;"> </font>terms<font style="letter-spacing:-0.3pt;"> </font>and<font style="letter-spacing:-0.3pt;"> </font>provisions<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>our<font style="letter-spacing:-0.3pt;"> </font>common<font style="letter-spacing:-0.3pt;"> </font>stock<font style="letter-spacing:-0.3pt;"> </font>and<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>preferred<font style="letter-spacing:-0.3pt;"> </font>stock<font style="letter-spacing:-0.3pt;"> </font>that we<font style="letter-spacing:-0.6pt;"> </font>may<font style="letter-spacing:-0.6pt;"> </font>offer<font style="letter-spacing:-0.6pt;"> </font>under<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>prospectus.<font style="letter-spacing:-0.6pt;"> </font>While<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>terms<font style="letter-spacing:-0.6pt;"> </font>we<font style="letter-spacing:-0.6pt;"> </font>have<font style="letter-spacing:-0.6pt;"> </font>summarized<font style="letter-spacing:-0.6pt;"> </font>below<font style="letter-spacing:-0.6pt;"> </font>will<font style="letter-spacing:-0.6pt;"> </font>apply<font style="letter-spacing:-0.6pt;"> </font>generally<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.6pt;"> </font>any<font style="letter-spacing:-0.6pt;"> </font>future<font style="letter-spacing:-0.6pt;"> </font>common<font style="letter-spacing:-0.6pt;"> </font>stock<font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>preferred<font style="letter-spacing:-0.6pt;"> </font>stock that we may offer, we will describe the particular terms of any class or series of these securities in more detail in the applicable prospectus supplement. For the complete terms </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of our common stock and preferred</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> stock, please refer to our Certificate of Incorporation and our Bylaws (&#8220;Bylaws&#8221;)</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">that</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">are</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">incorporated</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">reference</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">into</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">registration</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">statement</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">which</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">this</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">prospectus</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">is</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">part</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">may</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">be</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">incorporated</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by</font><font style="letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">reference in</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">this</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">prospectus</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">any</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">applicable</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">prospectus</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">supplement.</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">terms</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">these</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">securities</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">may</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">also</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">be</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">affected</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Delaware</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">General</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Corporation Law (the &#8220;DGCL&#8221;). The summary below and that contained in any applicable prospectus supplement or any related free writing prospectus a</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">re qualified</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">in</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">their</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">entirety</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">reference</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">to</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">our</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certificate</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Incorporation</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">our</font><font style="letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Bylaws.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of the date of this prospectus, our authorized capital stock consisted of 15,000,000 shares of common stock, par value $0.001&#160;per share, and 2,500,000<font style="letter-spacing:-0.55pt;"> </font>shares<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>preferred<font style="letter-spacing:-0.55pt;"> </font>stock,<font style="letter-spacing:-0.55pt;"> </font>par<font style="letter-spacing:-0.55pt;"> </font>value $0.001&#160;per share.<font style="letter-spacing:-0.55pt;"> </font>Our<font style="letter-spacing:-0.55pt;"> </font>Board<font style="letter-spacing:-0.55pt;"> </font>may<font style="letter-spacing:-0.55pt;"> </font>establish<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>rights<font style="letter-spacing:-0.55pt;"> </font>and<font style="letter-spacing:-0.55pt;"> </font>preferences<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>preferred<font style="letter-spacing:-0.55pt;"> </font>stock<font style="letter-spacing:-0.55pt;"> </font>from<font style="letter-spacing:-0.55pt;"> </font>time<font style="letter-spacing:-0.55pt;"> </font>to<font style="letter-spacing:-0.55pt;"> </font>time.<font style="letter-spacing:-0.55pt;"> </font>As<font style="letter-spacing:-0.55pt;"> </font>of October&#160;9, 2018, there were 4,904,935&#160;shares of our common stock issued and 4,505,019&#160;outstanding and 866,950&#160;shares of preferred stock issued and outstanding.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Common Stock</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Holders<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>our<font style="letter-spacing:-0.35pt;"> </font>common<font style="letter-spacing:-0.35pt;"> </font>stock<font style="letter-spacing:-0.35pt;"> </font>are<font style="letter-spacing:-0.35pt;"> </font>entitled<font style="letter-spacing:-0.35pt;"> </font>to<font style="letter-spacing:-0.35pt;"> </font>one<font style="letter-spacing:-0.35pt;"> </font>vote<font style="letter-spacing:-0.35pt;"> </font>per<font style="letter-spacing:-0.35pt;"> </font>share.<font style="letter-spacing:-0.35pt;"> </font>Our<font style="letter-spacing:-0.35pt;"> </font>Certificate<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>Incorporation<font style="letter-spacing:-0.35pt;"> </font>does<font style="letter-spacing:-0.35pt;"> </font>not<font style="letter-spacing:-0.35pt;"> </font>provide<font style="letter-spacing:-0.35pt;"> </font>for<font style="letter-spacing:-0.35pt;"> </font>cumulative<font style="letter-spacing:-0.35pt;"> </font>voting. Holders<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>our<font style="letter-spacing:-0.3pt;"> </font>common<font style="letter-spacing:-0.3pt;"> </font>stock<font style="letter-spacing:-0.3pt;"> </font>are<font style="letter-spacing:-0.3pt;"> </font>entitled<font style="letter-spacing:-0.3pt;"> </font>to<font style="letter-spacing:-0.3pt;"> </font>receive<font style="letter-spacing:-0.3pt;"> </font>ratably<font style="letter-spacing:-0.3pt;"> </font>such<font style="letter-spacing:-0.3pt;"> </font>dividends,<font style="letter-spacing:-0.3pt;"> </font>if<font style="letter-spacing:-0.3pt;"> </font>any,<font style="letter-spacing:-0.3pt;"> </font>as<font style="letter-spacing:-0.3pt;"> </font>may<font style="letter-spacing:-0.3pt;"> </font>be<font style="letter-spacing:-0.3pt;"> </font>declared<font style="letter-spacing:-0.3pt;"> </font>by<font style="letter-spacing:-0.3pt;"> </font>our<font style="letter-spacing:-0.3pt;"> </font>Board<font style="letter-spacing:-0.3pt;"> </font>out<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>legally<font style="letter-spacing:-0.3pt;"> </font>available<font style="letter-spacing:-0.3pt;"> </font>funds. However, the current policy of our Board is to retain earnings, if any, for the operation and expansion of our Company. Upon liquidation, dissolution or winding-up, the holders of our common stock are entitled to share ratably in all of our assets which are legally available for distribution, after payment of or provision for all liabilities. The holders of our common stock have no preemptive, subscription, redemption or conversion<font style="letter-spacing:-1.65pt;"> </font>rights.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Preferred Stock</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our<font style="letter-spacing:-0.55pt;"> </font>Articles<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>Incorporation<font style="letter-spacing:-0.55pt;"> </font>provides<font style="letter-spacing:-0.55pt;"> </font>that<font style="letter-spacing:-0.55pt;"> </font>our<font style="letter-spacing:-0.55pt;"> </font>Board<font style="letter-spacing:-0.55pt;"> </font>may<font style="letter-spacing:-0.55pt;"> </font>by<font style="letter-spacing:-0.55pt;"> </font>resolution,<font style="letter-spacing:-0.55pt;"> </font>without<font style="letter-spacing:-0.55pt;"> </font>further<font style="letter-spacing:-0.55pt;"> </font>vote<font style="letter-spacing:-0.55pt;"> </font>or<font style="letter-spacing:-0.55pt;"> </font>action<font style="letter-spacing:-0.55pt;"> </font>by<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>shareholders,<font style="letter-spacing:-0.55pt;"> </font>establish<font style="letter-spacing:-0.55pt;"> </font>one or<font style="letter-spacing:-0.65pt;"> </font>more<font style="letter-spacing:-0.65pt;"> </font>classes<font style="letter-spacing:-0.65pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>series<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.65pt;"> </font>preferred<font style="letter-spacing:-0.65pt;"> </font>stock<font style="letter-spacing:-0.65pt;"> </font>having<font style="letter-spacing:-0.65pt;"> </font>the<font style="letter-spacing:-0.65pt;"> </font>number<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.65pt;"> </font>shares<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.65pt;"> </font>relative<font style="letter-spacing:-0.65pt;"> </font>voting<font style="letter-spacing:-0.65pt;"> </font>rights,<font style="letter-spacing:-0.65pt;"> </font>designation,<font style="letter-spacing:-0.65pt;"> </font>dividend<font style="letter-spacing:-0.65pt;"> </font>rates,<font style="letter-spacing:-0.65pt;"> </font>liquidation,<font style="letter-spacing:-0.65pt;"> </font>and<font style="letter-spacing:-0.65pt;"> </font>other rights, preferences, and limitations as may be fixed by them without further shareholder approval. Prior<font style="letter-spacing:-0.35pt;"> </font>to<font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>issuance<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>shares<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>each<font style="letter-spacing:-0.35pt;"> </font>series<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>preferred stock, the Board is required to adopt resolutions and file a certificate of designation with the Secretary of State of the State of Delaware. The certificate of designation fixes for each class or series the designations, powers, preferences, rights, qualifications, limitations and restrictions, including,<font style="letter-spacing:-0.55pt;"> </font>but<font style="letter-spacing:-0.55pt;"> </font>not<font style="letter-spacing:-0.55pt;"> </font>limited<font style="letter-spacing:-0.55pt;"> </font>to,<font style="letter-spacing:-0.55pt;"> </font>some<font style="letter-spacing:-0.55pt;"> </font>or<font style="letter-spacing:-0.55pt;"> </font>all<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>following:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">the distinctive designation of such series and the number of shares which shall constitute such series, which number may be increased</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">(except</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">where</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">otherwise</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">provided</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">Board</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">creating</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">series)</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">decreased</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">(but</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">not</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">below</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">number</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">shares thereof</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">then</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">outstanding)</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">from</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">time</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">time</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">resolution</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Board;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">the rate and manner of payment of dividends payable on shares of such series, including the dividend rate, date of declaration and payment, whether dividends shall be cumulative, and the conditions upon which and the date from which such dividends shall be cumulative;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">whether</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">series</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">shall</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">redeemed,</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">time</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">times</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">when,</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">price</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">prices</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">at</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">which,</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">series</font><font style="font-size:10pt;letter-spacing:-0.4pt;"> </font><font style="font-size:10pt;">shall be redeemable, the redemption price, the terms and conditions of redemption, and the sinking fund provisions, if any, for the purchase</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">redemption</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">shares;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">the rights including the amount payable on shares of such series and the rights of holders of such shares in the event of any voluntary</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">involuntary</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">liquidation,</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">dissolution</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">winding</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">up</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">affairs</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Company;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">rights,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">if</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">any,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">holders</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">series</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">convert</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">into,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">exchange</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">for,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">common stock, other securities, or shares of any other class or series of preferred stock and the terms and conditions of such conversion or exchange;</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.42%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">the voting rights, if any, and whether full or limited, of the shares of such series, which may include no voting rights, one vote</font><font style="font-size:10pt;letter-spacing:-1.35pt;"> </font><font style="font-size:10pt;">per share,</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">higher</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">number</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">votes</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">per</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">share</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">as</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">may</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">designated</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">Board;</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">and</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.42%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">preemptive</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">preferential</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">rights,</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">if</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">any,</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">holders</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">series</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">subscribe</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">for,</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">purchase,</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">receive,</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">otherwise acquire any part of any new or additional issue of stock of any class, whether now or hereafter authorized, or of any bonds, debentures,</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">notes,</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">other</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Company,</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">whether</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">not</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">convertible</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">into</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">shares</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">stock</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">with</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Company.</font></p></td>
<td valign="top" style="width:1.3%;white-space:nowrap">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:10.58%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The issuance of preferred stock may delay, deter or prevent a change in control.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU18"></a>Our Board has previously authorized the issuance of our Series A Junior Preferred Stock (as defined below), which </p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">could impede the completion</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">merger,</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">tender</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">offer</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">or</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">other</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">takeover</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">attempt.</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">See</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Anti-Takeover</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Effects</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Provisions</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">our</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Artic</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">les</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of</font><font style="letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Incorporation, Bylaws</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Delaware</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">General</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Corporation</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Law&#8212;Rights</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Plan</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Series</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Junior</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preferred</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Stock&#8221;</font><font style="letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">below.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On October 9, 2018, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of the Series B Convertible Preferred Stock, par value $0.001 per share (&#8220;Series B Preferred Stock&#8221;) Shares with the Secretary of State of the State of Delaware (the &#8220;Certificate of Designation&#8221;). The following is only a summary of the Certificate of Designation and is qualified in its entirety by reference to the full text of the Certificate of Designation, which is incorporated by reference herein.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The number of Series B Preferred Shares designated shall be up to 866,950. Each share of Series B Preferred Stock shall have a par value of $0.001 per share and a stated value equal to $2.35 (the &#8220;Stated Value&#8221;).</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The holder shall be entitled to receive, and the Company shall pay, dividends on shares of preferred stock equal (on an as-if-converted-to-common-stock basis) to and in the same form as dividends actually paid on shares of the common stock when, as and if such dividends are paid on shares of the common stock.&nbsp;&nbsp;No other dividends shall be paid on the Series B Preferred Shares.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except as otherwise provided herein or as otherwise required by law, the Series B Preferred Shares shall have no voting rights. However, as long as any Series B Preferred Shares are outstanding, the Corporation shall not, without the affirmative vote of the holders of the Series B Preferred Shares, (a) alter or change adversely the powers, preferences or rights given to the Series B Preferred Shares or alter or amend the Certificate of Designation, (b) authorize or create any class of stock ranking as to dividends, redemption or distribution of assets upon a liquidation senior to, or otherwise pari passu with, the Series B Preferred Shares, (c) amend its certificate of incorporation or other charter documents in any manner that adversely affects any rights of the holders of the Series B Preferred Shares, (d) increase the number of authorized Series B Preferred Shares, or (e) enter into any agreement with respect to any of the foregoing.&nbsp;&nbsp;Liquidation. Upon any Liquidation (as defined in the Certificate of Designation), the holder shall be entitled to receive out of the assets, whether capital or surplus, of the Company an amount equal to the Stated Value, plus any other fees or liquidated damages then due and owing thereon under the Certificate of Designation, for each Series B Preferred Share before any distribution or payment shall be made to the holders of any Junior Securities (as defined in the Certificate of Designation).&nbsp;&nbsp;A Fundamental Transaction or Change of Control Transaction (each as defined in the Certificate of Designation) shall not be deemed a Liquidation.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If, at any time while the Series B Preferred Shares are outstanding, upon a Fundamental Transaction, the Holder shall have the right to receive, for each Conversion Share (as defined in the Certificate of Designation) that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental Transaction, the number of shares of common stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any Alternate Consideration (as defined in the Certificate of Designations) receivable as a result of such Fundamental Transaction by a holder of the number of shares of common stock for which the Series B Preferred Shares are convertible immediately prior to such Fundamental Transaction. For purposes of any such conversion, the determination of the Conversion Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of common stock in such Fundamental Transaction.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On the first Trading Day after the Company obtains Shareholder Approval (as defined in the Certificate of Designation), all outstanding Series B Preferred Shares shall automatically be converted into such number of shares of common stock as determined by dividing the Stated Value by the Conversion Price then in effect.&nbsp;&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.94%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Anti-Takeover Effects of Certain Provisions of our Articles of Incorporation, Bylaws and the Delaware General Corporation Law</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;color:#303030;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We<font style="letter-spacing:-0.55pt;"> </font>are<font style="letter-spacing:-0.55pt;"> </font>governed<font style="letter-spacing:-0.55pt;"> </font>by<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>provisions<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>Section<font style="letter-spacing:-0.55pt;"> </font>203<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>DGCL.<font style="letter-spacing:-0.55pt;"> </font>In<font style="letter-spacing:-0.55pt;"> </font>general,<font style="letter-spacing:-0.55pt;"> </font>Section<font style="letter-spacing:-0.55pt;"> </font>203<font style="letter-spacing:-0.55pt;"> </font>prohibits<font style="letter-spacing:-0.55pt;"> </font>a<font style="letter-spacing:-0.55pt;"> </font>publicly<font style="letter-spacing:-0.55pt;"> </font>traded<font style="letter-spacing:-0.55pt;"> </font>Delaware<font style="letter-spacing:-0.55pt;"> </font>corporation from engaging in a business combination with an interested stockholder for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the business combination is approved in a prescribed manner. A business combination includes mergers,<font style="letter-spacing:-0.5pt;"> </font>asset<font style="letter-spacing:-0.5pt;"> </font>sales<font style="letter-spacing:-0.5pt;"> </font>or<font style="letter-spacing:-0.5pt;"> </font>other<font style="letter-spacing:-0.5pt;"> </font>transactions<font style="letter-spacing:-0.5pt;"> </font>resulting<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.5pt;"> </font>a<font style="letter-spacing:-0.5pt;"> </font>financial<font style="letter-spacing:-0.5pt;"> </font>benefit<font style="letter-spacing:-0.5pt;"> </font>to<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>stockholder.<font style="letter-spacing:-0.5pt;"> </font>An<font style="letter-spacing:-0.5pt;"> </font>interested<font style="letter-spacing:-0.5pt;"> </font>stockholder<font style="letter-spacing:-0.5pt;"> </font>is<font style="letter-spacing:-0.5pt;"> </font>a<font style="letter-spacing:-0.5pt;"> </font>person<font style="letter-spacing:-0.5pt;"> </font>who,<font style="letter-spacing:-0.5pt;"> </font>together<font style="letter-spacing:-0.5pt;"> </font>with affiliates and associates, owns (or within three years, did own) 15% or more of the corporation's voting stock, subject to certain exceptions. The statute<font style="letter-spacing:-0.6pt;"> </font>could<font style="letter-spacing:-0.6pt;"> </font>have<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>effect<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>delaying,<font style="letter-spacing:-0.6pt;"> </font>deferring<font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>preventing<font style="letter-spacing:-0.6pt;"> </font>a<font style="letter-spacing:-0.6pt;"> </font>change<font style="letter-spacing:-0.6pt;"> </font>in<font style="letter-spacing:-0.6pt;"> </font>control<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>our<font style="letter-spacing:-0.6pt;"> </font>company.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;color:#303030;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Furthermore,<font style="letter-spacing:-0.7pt;"> </font>our<font style="letter-spacing:-0.7pt;"> </font>Certificate<font style="letter-spacing:-0.7pt;"> </font>of<font style="letter-spacing:-0.7pt;"> </font>Incorporation<font style="letter-spacing:-0.7pt;"> </font>and<font style="letter-spacing:-0.7pt;"> </font>Bylaws<font style="letter-spacing:-0.7pt;"> </font>m<font style="color:#000000;">ay</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">have</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">effect</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">of</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">discouraging</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">potential</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">acquisition</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">proposals</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">or</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">making</font><font style="letter-spacing:-0.65pt;color:#000000;"> </font><font style="color:#000000;">a tender offer or delaying or preventing a change in control, including changes a shareholder might consider favorable. Such provisions may also prevent</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">or</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">frustrate</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">attempts</font><font style="letter-spacing:-0.25pt;color:#000000;"> </font><font style="color:#000000;">by</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">our</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">shareholders</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">to</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">replace</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">or</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">remove</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">our</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">management.</font><font style="letter-spacing:-0.25pt;color:#000000;"> </font><font style="color:#000000;">In</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">particular,</font><font style="letter-spacing:-0.25pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">Certificate</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">of</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">Incorporation</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">and</font><font style="letter-spacing:-0.25pt;color:#000000;"> </font><font style="color:#000000;">Bylaws, as</font><font style="letter-spacing:-0.8pt;color:#000000;"> </font><font style="color:#000000;">applicable,</font><font style="letter-spacing:-0.8pt;color:#000000;"> </font><font style="color:#000000;">among</font><font style="letter-spacing:-0.8pt;color:#000000;"> </font><font style="color:#000000;">other</font><font style="letter-spacing:-0.8pt;color:#000000;"> </font><font style="color:#000000;">things:</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">provide</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Board</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">with</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">ability</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">alter</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Bylaws</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">without</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">shareholder</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">approval;</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">place</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">limitations</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">removal</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">directors;</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">and</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">provide</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">vacancies</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">Board</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">may</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">filled</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">majority</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">directors</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">office,</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">although</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">less</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">than</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">quorum.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;color:#303030;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These<font style="letter-spacing:-0.15pt;"> </font>provisions<font style="letter-spacing:-0.15pt;"> </font>are<font style="letter-spacing:-0.15pt;"> </font>expected<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>discourage<font style="letter-spacing:-0.15pt;"> </font>certain<font style="letter-spacing:-0.15pt;"> </font>types<font style="letter-spacing:-0.15pt;"> </font>of<font style="letter-spacing:-0.15pt;"> </font>coercive<font style="letter-spacing:-0.15pt;"> </font>takeover<font style="letter-spacing:-0.15pt;"> </font>practices<font style="letter-spacing:-0.15pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>inadequate<font style="letter-spacing:-0.2pt;"> </font>takeover<font style="letter-spacing:-0.15pt;"> </font>bids<font style="letter-spacing:-0.2pt;"> </font><font style="color:#000000;">and</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">to</font><font style="letter-spacing:-0.2pt;color:#000000;"> </font><font style="color:#000000;">encourage persons</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">seeking</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">to</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">acquire</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">control</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">of</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">us</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">to</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">first</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">negotiate</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">with</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">its</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">Board.</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">These</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">provisions</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">may</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">delay</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">or</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">prevent</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">someone</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">from</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">acquiring</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">or</font><font style="letter-spacing:-0.6pt;color:#000000;"> </font><font style="color:#000000;">merging with</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">us,</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">which</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">may</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">cause</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">our</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">market</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">price</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">of</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">our</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">common</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">stock</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">to</font><font style="letter-spacing:-0.55pt;color:#000000;"> </font><font style="color:#000000;">decline.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Rights<font style="letter-spacing:-0.5pt;"> </font>Plan<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>Series<font style="letter-spacing:-0.5pt;"> </font>A<font style="letter-spacing:-0.5pt;"> </font>Junior<font style="letter-spacing:-0.5pt;"> </font>Preferred<font style="letter-spacing:-0.5pt;"> </font>Stock.<font style="letter-spacing:0.6pt;"> </font><font style="font-style:normal;">On</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">July</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">29,</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">2009,</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">our</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">Board</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">declared</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">dividend</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">one</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">preferred</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">share</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">purchase</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">right (a</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">&#8220;Right&#8221;)</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">for</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">each</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">outstanding</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">share</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">common</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">stock.</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">The</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">dividend</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">was</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">payable</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">on</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">August</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">10,</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">2009</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">shareholders</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">record</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">on</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">that</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">date. Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">(the</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">&#8220;Series</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">A</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">Junior</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">Preferred</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">Stock&#8221;)</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">Company,</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">at</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">price</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">$3.31</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">per</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">share</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">of,</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">subject</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">adjustment.</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">The</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">description</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">terms</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">of the</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Rights</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">are</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">set</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">forth</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">in</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Rights</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Agreement</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">(as</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">amended,</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">&#8220;Rights</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Agreement&#8221;)</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">between</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Company</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">American</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Stock</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Transfer</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">&amp;</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">Trust Company,</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">LLC,</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">as</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">Rights</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">Agent.</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">The</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">rights</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">under</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">Rights</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">Plan</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">are</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">only</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">exercisable</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">following</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">(i)</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">public</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">announcement</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">that</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">person</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.25pt;font-style:normal;"> </font><font style="font-style:normal;">group of</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">affiliated</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">associated</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">persons</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">(an</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">&#8220;Acquiring</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">Person&#8221;)</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">has</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">acquired</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">beneficial</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">ownership</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">15%</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">more</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">outstanding</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">shares</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.45pt;font-style:normal;"> </font><font style="font-style:normal;">common stock</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">(ii)</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">such</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">date</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">as</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">may</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">be</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">determined</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">by</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">action</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">Board</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">Directors</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">Company</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">following</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">commencement</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">of,</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">announcement of</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">an</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">intention</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">make,</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">tender</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">offer</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">exchange</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">offer</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">consummation</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">which</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">would</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">result</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">in</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">beneficial</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">ownership</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">by</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">person</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.3pt;font-style:normal;"> </font><font style="font-style:normal;">group of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">15%</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">more</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">outstanding</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">shares</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">common</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">stock</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">(the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">earlier</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">such</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">dates</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">being</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">&#8220;Distribution</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Date&#8221;)</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">as</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">set</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">forth</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">in</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Rights</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Plan. Each whole share of Series A Junior Preferred Stock shall entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the stockholders</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Company.</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">The</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">terms</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">provisions</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Rights</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Plan</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Series</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">A</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Junior</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Preferred</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">Stock</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">may</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">delay</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">prevent</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">someone from</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">acquiring</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">merging</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">with</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">us.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Blank Check Preferred. <font style="font-style:normal;">Our Board is authorized to create and issue from time to time, without shareholder approval, up to an aggregate</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">2,500,000</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">shares</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">preferred</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">stock</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">in</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">one</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">more</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">series</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">establish</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">number</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">shares</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">any</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">series</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">preferred</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">stock</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.2pt;font-style:normal;"> </font><font style="font-style:normal;">to fix the designations, powers, preferences and rights of the shares of each series and any qualifications, limitations or restrictions of the shares of each</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">series.</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">The</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">authority</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">designate</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">preferred</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">stock</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">may</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">be</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">used</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">issue</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">series</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">preferred</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">stock,</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">rights</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">acquire</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">preferred</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">stock,</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">that</font><font style="letter-spacing:-0.35pt;font-style:normal;"> </font><font style="font-style:normal;">could dilute the interest of, or impair the voting power of, holders of the common stock or could also be used as a method of determining, delaying or preventing</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">change</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">control.</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">Our</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">Board</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">has</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">designated</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">300,000</font><font style="letter-spacing:-0.65pt;font-style:normal;"> shares </font><font style="font-style:normal;">as</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">Series</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">A</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">Junior</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">Preferred</font><font style="letter-spacing:-0.65pt;font-style:normal;"> </font><font style="font-style:normal;">Stock and 866,950&#160;shares as Series B Preferred Shares.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Advance<font style="letter-spacing:-0.4pt;"> </font>Notice<font style="letter-spacing:-0.4pt;"> </font>Bylaws.<font style="letter-spacing:0.95pt;"> </font>The<font style="letter-spacing:-0.4pt;"> </font>Bylaws<font style="letter-spacing:-0.4pt;"> </font>contain<font style="letter-spacing:-0.4pt;"> </font>an<font style="letter-spacing:-0.4pt;"> </font>advance<font style="letter-spacing:-0.4pt;"> </font>notice<font style="letter-spacing:-0.4pt;"> </font>procedure<font style="letter-spacing:-0.4pt;"> </font>for<font style="letter-spacing:-0.4pt;"> </font>shareholder<font style="letter-spacing:-0.4pt;"> </font>proposals<font style="letter-spacing:-0.4pt;"> </font>to<font style="letter-spacing:-0.4pt;"> </font>be<font style="letter-spacing:-0.4pt;"> </font>brought<font style="letter-spacing:-0.4pt;"> </font><font style="font-style:normal;">before</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">any</font><font style="letter-spacing:-0.4pt;font-style:normal;"> </font><font style="font-style:normal;">meeting of shareholders, including proposed nominations of persons for election to our Board. Shareholders at any meeting will only be able to consider proposals or nominations specified in the notice of meeting or brought before the meeting by or at the direction of our Board or by a shareholder who</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">was</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">shareholder</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">record</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">on</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">record</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">date</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">for</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">meeting,</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">who</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">is</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">entitled</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">vote</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">at</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">meeting</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">and</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">who</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">has</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">given</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">our</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">corporate</font><font style="letter-spacing:-0.5pt;font-style:normal;"> </font><font style="font-style:normal;">secretary timely written notice, in proper form, of the shareholder&#8217;s intention to bring that business before the meeting. The Bylaws may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed or may discourage or deter a potential acquirer from</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">conducting</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">solicitation</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">proxies</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">elect</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">its</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">own</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">slate</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">directors</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">otherwise</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">attempting</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">obtain</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">control</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.6pt;font-style:normal;"> </font><font style="font-style:normal;">us.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.33%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Limitations on Liability, Indemnification of Officers and Directors and Insurance</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our Certificate of Incorporation contains provisions that limit the liability of our current and former directors for monetary damages to the<font style="letter-spacing:-0.6pt;"> </font>fullest<font style="letter-spacing:-0.6pt;"> </font>extent<font style="letter-spacing:-0.6pt;"> </font>permitted<font style="letter-spacing:-0.6pt;"> </font>by<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>DGCL.<font style="letter-spacing:-0.6pt;"> </font>The<font style="letter-spacing:-0.6pt;"> </font>DGCL<font style="letter-spacing:-0.6pt;"> </font>provides<font style="letter-spacing:-0.6pt;"> </font>that<font style="letter-spacing:-0.6pt;"> </font>directors<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>a<font style="letter-spacing:-0.6pt;"> </font>corporation<font style="letter-spacing:-0.6pt;"> </font>will<font style="letter-spacing:-0.6pt;"> </font>not<font style="letter-spacing:-0.6pt;"> </font>be<font style="letter-spacing:-0.6pt;"> </font>personally<font style="letter-spacing:-0.6pt;"> </font>liable<font style="letter-spacing:-0.6pt;"> </font>for<font style="letter-spacing:-0.6pt;"> </font>monetary<font style="letter-spacing:-0.6pt;"> </font>damages<font style="letter-spacing:-0.6pt;"> </font>for any<font style="letter-spacing:-0.65pt;"> </font>breach<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.65pt;"> </font>fiduciary<font style="letter-spacing:-0.65pt;"> </font>duties<font style="letter-spacing:-0.65pt;"> </font>as<font style="letter-spacing:-0.65pt;"> </font>directors,<font style="letter-spacing:-0.65pt;"> </font>except<font style="letter-spacing:-0.65pt;"> </font>liability<font style="letter-spacing:-0.65pt;"> </font>for:</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">20</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">breach</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">director's</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">duty</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">loyalty</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">corporation</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">its</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">stockholders;</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">act</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">omission</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">not</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">good</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">faith</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">involves</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">intentional</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">misconduct</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">knowing</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">violation</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">law;</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">unlawful</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">payments</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">dividends</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">unlawful</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">stock</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">repurchases</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">redemptions</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">as</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">provided</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Section</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">174</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">DGCL;</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:1pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:1pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">transaction</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">from</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">which</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">director</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">derived</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">an</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">improper</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">personal</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">benefit.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:-0.6pt;"> </font>limitation<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>liability<font style="letter-spacing:-0.6pt;"> </font>does<font style="letter-spacing:-0.6pt;"> </font>not<font style="letter-spacing:-0.6pt;"> </font>apply<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.6pt;"> </font>liabilities<font style="letter-spacing:-0.6pt;"> </font>arising<font style="letter-spacing:-0.6pt;"> </font>under<font style="letter-spacing:-0.65pt;"> </font>federal<font style="letter-spacing:-0.6pt;"> </font>securities<font style="letter-spacing:-0.6pt;"> </font>laws<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>does<font style="letter-spacing:-0.6pt;"> </font>not<font style="letter-spacing:-0.6pt;"> </font>affect<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>availability<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>equitable remedies<font style="letter-spacing:-0.75pt;"> </font>such<font style="letter-spacing:-0.75pt;"> </font>as<font style="letter-spacing:-0.75pt;"> </font>injunctive<font style="letter-spacing:-0.75pt;"> </font>relief<font style="letter-spacing:-0.75pt;"> </font>or<font style="letter-spacing:-0.75pt;"> </font>rescission.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our<font style="letter-spacing:-0.35pt;"> </font>Certificate<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>Incorporation<font style="letter-spacing:-0.35pt;"> </font>provides<font style="letter-spacing:-0.35pt;"> </font>that<font style="letter-spacing:-0.35pt;"> </font>we<font style="letter-spacing:-0.35pt;"> </font>are<font style="letter-spacing:-0.35pt;"> </font>authorized<font style="letter-spacing:-0.35pt;"> </font>to<font style="letter-spacing:-0.35pt;"> </font>indemnify<font style="letter-spacing:-0.35pt;"> </font>our<font style="letter-spacing:-0.35pt;"> </font>directors<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.35pt;"> </font>officers<font style="letter-spacing:-0.35pt;"> </font>to<font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>fullest<font style="letter-spacing:-0.35pt;"> </font>extent<font style="letter-spacing:-0.35pt;"> </font>permitted<font style="letter-spacing:-0.35pt;"> </font>by the<font style="letter-spacing:-0.65pt;"> </font>DGCL.<font style="letter-spacing:-0.65pt;"> </font>Our<font style="letter-spacing:-0.65pt;"> </font>Bylaws<font style="letter-spacing:-0.65pt;"> </font>provide<font style="letter-spacing:-0.65pt;"> </font>that<font style="letter-spacing:-0.65pt;"> </font>we<font style="letter-spacing:-0.65pt;"> </font>are<font style="letter-spacing:-0.65pt;"> </font>required<font style="letter-spacing:-0.65pt;"> </font>to<font style="letter-spacing:-0.65pt;"> </font>indemnify<font style="letter-spacing:-0.65pt;"> </font>our<font style="letter-spacing:-0.65pt;"> </font>directors<font style="letter-spacing:-0.65pt;"> </font>and<font style="letter-spacing:-0.65pt;"> </font>executive<font style="letter-spacing:-0.65pt;"> </font>officers<font style="letter-spacing:-0.65pt;"> </font>to the fullest extent permitted by the DGCL. Our Bylaws require that, upon satisfaction of certain conditions, we are required to advance expenses incurred by a director or executive officer in advance of the final disposition of any action or proceeding, and permit us to secure insurance on behalf of any officer, director, employee or other agent for any liability arising out of his or her actions in that capacity regardless of whether we would<font style="letter-spacing:-0.1pt;"> </font>otherwise<font style="letter-spacing:-0.1pt;"> </font>be<font style="letter-spacing:-0.1pt;"> </font>permitted<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:-0.1pt;"> </font>indemnify<font style="letter-spacing:-0.15pt;"> </font>him<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>her<font style="letter-spacing:-0.1pt;"> </font>under<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>provisions<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>DGCL.<font style="letter-spacing:-0.1pt;"> </font>Our<font style="letter-spacing:-0.1pt;"> </font>amended<font style="letter-spacing:-0.15pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>restated<font style="letter-spacing:-0.1pt;"> </font>bylaws<font style="letter-spacing:-0.1pt;"> </font>will<font style="letter-spacing:-0.1pt;"> </font>also<font style="letter-spacing:-0.15pt;"> </font>provide<font style="letter-spacing:-0.1pt;"> </font>our board<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.2pt;"> </font>directors<font style="letter-spacing:-0.2pt;"> </font>with<font style="letter-spacing:-0.2pt;"> </font>discretion<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>indemnify<font style="letter-spacing:-0.2pt;"> </font>our<font style="letter-spacing:-0.2pt;"> </font>other<font style="letter-spacing:-0.2pt;"> </font>officers<font style="letter-spacing:-0.2pt;"> </font>and<font style="letter-spacing:-0.2pt;"> </font>employees<font style="letter-spacing:-0.15pt;"> </font>when<font style="letter-spacing:-0.15pt;"> </font>determined<font style="letter-spacing:-0.15pt;"> </font>appropriate<font style="letter-spacing:-0.05pt;"> </font>by<font style="letter-spacing:-0.05pt;"> </font>our<font style="letter-spacing:-0.05pt;"> </font>board<font style="letter-spacing:-0.05pt;"> </font>of<font style="letter-spacing:-0.05pt;"> </font>directors.<font style="letter-spacing:-0.05pt;"> </font>We<font style="letter-spacing:-0.55pt;"> </font>have entered and expect to continue to enter into agreements to indemnify our directors, executive officers and other employees as determined by the board of directors. With certain exceptions, these agreements provide for indemnification for related expenses, including, among other things, attorneys' fees, judgments, fines and settlement amounts incurred by any of these individuals in any action or proceeding. We believe that these provisions<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>agreements<font style="letter-spacing:-0.4pt;"> </font>are<font style="letter-spacing:-0.4pt;"> </font>necessary<font style="letter-spacing:-0.35pt;"> </font>to<font style="letter-spacing:-0.4pt;"> </font>attract<font style="letter-spacing:-0.4pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>retain<font style="letter-spacing:-0.35pt;"> </font>qualified<font style="letter-spacing:-0.35pt;"> </font>persons<font style="letter-spacing:-0.35pt;"> </font>as<font style="letter-spacing:-0.35pt;"> </font>directors<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>officers.<font style="letter-spacing:-0.35pt;"> </font>We<font style="letter-spacing:-0.4pt;"> </font>also<font style="letter-spacing:-0.4pt;"> </font>maintain<font style="letter-spacing:-0.4pt;"> </font>customary<font style="letter-spacing:-0.4pt;"> </font>directors'<font style="letter-spacing:-0.35pt;"> </font>and officers'<font style="letter-spacing:-1.25pt;"> </font>liability<font style="letter-spacing:-1.25pt;"> </font>insurance.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.63%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The limitation of liability and indemnification provisions in our Certificate of incorporation and Bylaws may discourage stockholders from<font style="letter-spacing:-0.25pt;"> </font>bringing<font style="letter-spacing:-0.25pt;"> </font>a<font style="letter-spacing:-0.25pt;"> </font>lawsuit<font style="letter-spacing:-0.25pt;"> </font>against<font style="letter-spacing:-0.25pt;"> </font>our<font style="letter-spacing:-0.25pt;"> </font>directors<font style="letter-spacing:-0.25pt;"> </font>for<font style="letter-spacing:-0.25pt;"> </font>breach<font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>their<font style="letter-spacing:-0.25pt;"> </font>fiduciary<font style="letter-spacing:-0.25pt;"> </font>duty.<font style="letter-spacing:-0.25pt;"> </font>They<font style="letter-spacing:-0.25pt;"> </font>may<font style="letter-spacing:-0.25pt;"> </font>also<font style="letter-spacing:-0.25pt;"> </font>reduce<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>likelihood<font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>derivative<font style="letter-spacing:-0.25pt;"> </font>litigation<font style="letter-spacing:-0.25pt;"> </font>against our<font style="letter-spacing:-0.4pt;"> </font>directors<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>officers,<font style="letter-spacing:-0.35pt;"> </font>even<font style="letter-spacing:-0.4pt;"> </font>though<font style="letter-spacing:-0.4pt;"> </font>an<font style="letter-spacing:-0.4pt;"> </font>action,<font style="letter-spacing:-0.4pt;"> </font>if<font style="letter-spacing:-0.4pt;"> </font>successful,<font style="letter-spacing:-0.35pt;"> </font>might<font style="letter-spacing:-0.4pt;"> </font>benefit<font style="letter-spacing:-0.35pt;"> </font>us<font style="letter-spacing:-0.4pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>other<font style="letter-spacing:-0.4pt;"> </font>stockholders.<font style="letter-spacing:-0.35pt;"> </font>Further,<font style="letter-spacing:-0.4pt;"> </font>a<font style="letter-spacing:-0.4pt;"> </font>stockholder's<font style="letter-spacing:-0.35pt;"> </font>investment<font style="letter-spacing:-0.4pt;"> </font>may<font style="letter-spacing:-0.4pt;"> </font>be adversely affected to the extent that we pay the costs of settlement and damage awards against directors and officers as required by these indemnification<font style="letter-spacing:-0.35pt;"> </font>provisions.<font style="letter-spacing:-0.35pt;"> </font>At<font style="letter-spacing:-0.35pt;"> </font>present,<font style="letter-spacing:-0.35pt;"> </font>there<font style="letter-spacing:-0.35pt;"> </font>is<font style="letter-spacing:-0.35pt;"> </font>no<font style="letter-spacing:-0.35pt;"> </font>pending<font style="letter-spacing:-0.35pt;"> </font>litigation<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.35pt;"> </font>proceeding<font style="letter-spacing:-0.35pt;"> </font>involving<font style="letter-spacing:-0.35pt;"> </font>any<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>our<font style="letter-spacing:-0.35pt;"> </font>directors,<font style="letter-spacing:-0.35pt;"> </font>officers<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.35pt;"> </font>employees<font style="letter-spacing:-0.35pt;"> </font>for<font style="letter-spacing:-0.35pt;"> </font>which indemnification<font style="letter-spacing:-0.65pt;"> </font>is<font style="letter-spacing:-0.65pt;"> </font>sought,<font style="letter-spacing:-0.65pt;"> </font>and<font style="letter-spacing:-0.65pt;"> </font>we<font style="letter-spacing:-0.65pt;"> </font>are<font style="letter-spacing:-0.65pt;"> </font>not<font style="letter-spacing:-0.65pt;"> </font>aware<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.65pt;"> </font>any<font style="letter-spacing:-0.65pt;"> </font>threatened<font style="letter-spacing:-0.65pt;"> </font>litigation<font style="letter-spacing:-0.65pt;"> </font>that<font style="letter-spacing:-0.65pt;"> </font>may<font style="letter-spacing:-0.65pt;"> </font>result<font style="letter-spacing:-0.65pt;"> </font>in<font style="letter-spacing:-0.65pt;"> </font>claims<font style="letter-spacing:-0.65pt;"> </font>for<font style="letter-spacing:-0.65pt;"> </font>indemnification.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Authorized but Unissued Shares</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our<font style="letter-spacing:-0.5pt;"> </font>authorized<font style="letter-spacing:-0.5pt;"> </font>but<font style="letter-spacing:-0.45pt;"> </font>unissued<font style="letter-spacing:-0.45pt;"> </font>shares<font style="letter-spacing:-0.45pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>common<font style="letter-spacing:-0.5pt;"> </font>stock<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>preferred<font style="letter-spacing:-0.45pt;"> </font>stock<font style="letter-spacing:-0.45pt;"> </font>will<font style="letter-spacing:-0.45pt;"> </font>be<font style="letter-spacing:-0.45pt;"> </font>available<font style="letter-spacing:-0.5pt;"> </font>for<font style="letter-spacing:-0.5pt;"> </font>future<font style="letter-spacing:-0.45pt;"> </font>issuance<font style="letter-spacing:-0.5pt;"> </font>without<font style="letter-spacing:-0.45pt;"> </font>your<font style="letter-spacing:-0.5pt;"> </font>approval.<font style="letter-spacing:-0.5pt;"> </font>We may use additional shares for a variety of purposes, including future public offerings to raise additional capital, to fund acquisitions and as employee compensation. The existence of authorized but unissued shares of common stock and preferred stock could render more difficult or discourage<font style="letter-spacing:-0.6pt;"> </font>an<font style="letter-spacing:-0.6pt;"> </font>attempt<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.6pt;"> </font>obtain<font style="letter-spacing:-0.6pt;"> </font>control<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>us<font style="letter-spacing:-0.6pt;"> </font>by<font style="letter-spacing:-0.6pt;"> </font>means<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>a<font style="letter-spacing:-0.6pt;"> </font>proxy<font style="letter-spacing:-0.6pt;"> </font>contest,<font style="letter-spacing:-0.6pt;"> </font>tender<font style="letter-spacing:-0.6pt;"> </font>offer,<font style="letter-spacing:-0.6pt;"> </font>merger<font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>otherwise.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:3.38%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Transfer Agent and Registrar</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:10.6%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Transfer Agent and Registrar for our common stock is American Stock Transfer &amp; Trust Company, LLC.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;"><a name="_bookmark9"></a><a name="_bookmark12"></a>&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark14"></a><a name="Legal_Matters"></a><a name="Legal_Matters"></a>LEGAL MATTERS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The validity of the issuance of the securities offered hereby will be passed upon for us by Sheppard Mullin Richter &amp; Hampton LLP, New<font style="letter-spacing:-0.3pt;"> </font>York,<font style="letter-spacing:-0.3pt;"> </font>New<font style="letter-spacing:-0.3pt;"> </font>York.<font style="letter-spacing:2pt;"> </font>Additional<font style="letter-spacing:-0.3pt;"> </font>legal<font style="letter-spacing:-0.3pt;"> </font>matters<font style="letter-spacing:-0.3pt;"> </font>may<font style="letter-spacing:-0.3pt;"> </font>be<font style="letter-spacing:-0.3pt;"> </font>passed<font style="letter-spacing:-0.3pt;"> </font>upon<font style="letter-spacing:-0.3pt;"> </font>for<font style="letter-spacing:-0.3pt;"> </font>us<font style="letter-spacing:-0.3pt;"> </font>or<font style="letter-spacing:-0.3pt;"> </font>any<font style="letter-spacing:-0.3pt;"> </font>underwriters,<font style="letter-spacing:-0.3pt;"> </font>dealers<font style="letter-spacing:-0.3pt;"> </font>or<font style="letter-spacing:-0.3pt;"> </font>agents,<font style="letter-spacing:-0.3pt;"> </font>by<font style="letter-spacing:-0.3pt;"> </font>counsel<font style="letter-spacing:-0.3pt;"> </font>that<font style="letter-spacing:-0.3pt;"> </font>we<font style="letter-spacing:-0.3pt;"> </font>will<font style="letter-spacing:-0.3pt;"> </font>name<font style="letter-spacing:-0.3pt;"> </font>in the<font style="letter-spacing:-1.2pt;"> </font>applicable<font style="letter-spacing:-1.2pt;"> </font>prospectus<font style="letter-spacing:-1.2pt;"> </font>supplement.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark15"></a><a name="Experts"></a><a name="Experts"></a>EXPERTS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU19"></a>The consolidated financial statements as of June 30, 2018 and 2017 and for the years then ended incorporated by reference in this prospectus<font style="letter-spacing:-0.2pt;"> </font>have<font style="letter-spacing:-0.2pt;"> </font>been<font style="letter-spacing:-0.2pt;"> </font>so<font style="letter-spacing:-0.2pt;"> </font>incorporated<font style="letter-spacing:-0.25pt;"> </font>in<font style="letter-spacing:-0.2pt;"> </font>reliance<font style="letter-spacing:-0.2pt;"> </font>on<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>report<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.2pt;"> </font>BDO<font style="letter-spacing:-0.2pt;"> </font>USA,<font style="letter-spacing:-0.2pt;"> </font>LLP,<font style="letter-spacing:-0.25pt;"> </font>an<font style="letter-spacing:-0.2pt;"> </font>independent<font style="letter-spacing:-0.25pt;"> </font>registered<font style="letter-spacing:-0.2pt;"> </font>public<font style="letter-spacing:-0.2pt;"> </font>accounting<font style="letter-spacing:-0.25pt;"> </font>firm,<font style="letter-spacing:-0.2pt;"> </font>incorporated herein<font style="letter-spacing:-0.6pt;"> </font>by<font style="letter-spacing:-0.6pt;"> </font>reference,<font style="Background-color:#FFFFFF;color:#000000;">&#160;(the report on the financial statements contains an explanatory paragraph regarding the Company&#8217;s ability to continue as a going concern),</font><font style="letter-spacing:-0.6pt;">  </font>given<font style="letter-spacing:-0.6pt;"> </font>on<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>authority<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>said<font style="letter-spacing:-0.6pt;"> </font>firm<font style="letter-spacing:-0.6pt;"> </font>as<font style="letter-spacing:-0.6pt;"> </font>experts<font style="letter-spacing:-0.6pt;"> </font>in<font style="letter-spacing:-0.6pt;"> </font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">auditing</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and</font><font style="letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">accounting.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark16"></a><a name="Where_You_Can_Find_More_Information"></a><a name="Where_You_Can_Find_More_Information"></a>WHERE YOU CAN FIND MORE INFORMATION</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:-0.55pt;"> </font>prospectus<font style="letter-spacing:-0.55pt;"> </font>constitutes<font style="letter-spacing:-0.55pt;"> </font>a<font style="letter-spacing:-0.55pt;"> </font>part<font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.55pt;"> </font>a<font style="letter-spacing:-0.55pt;"> </font>registration<font style="letter-spacing:-0.55pt;"> </font>statement<font style="letter-spacing:-0.55pt;"> </font>on<font style="letter-spacing:-0.55pt;"> </font>Form<font style="letter-spacing:-0.55pt;"> </font>S-3<font style="letter-spacing:-0.55pt;"> </font>filed<font style="letter-spacing:-0.55pt;"> </font>under<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>Securities<font style="letter-spacing:-0.55pt;"> </font>Act.<font style="letter-spacing:1.4pt;"> </font>As<font style="letter-spacing:-0.55pt;"> </font>permitted<font style="letter-spacing:-0.55pt;"> </font>by<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>SEC&#8217;s<font style="letter-spacing:-0.55pt;"> </font>rules, this<font style="letter-spacing:-0.5pt;"> </font>prospectus<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>any<font style="letter-spacing:-0.5pt;"> </font>prospectus<font style="letter-spacing:-0.5pt;"> </font>supplement,<font style="letter-spacing:-0.5pt;"> </font>which<font style="letter-spacing:-0.5pt;"> </font>form<font style="letter-spacing:-0.5pt;"> </font>a<font style="letter-spacing:-0.5pt;"> </font>part<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>registration<font style="letter-spacing:-0.5pt;"> </font>statement,<font style="letter-spacing:-0.5pt;"> </font>do<font style="letter-spacing:-0.5pt;"> </font>not<font style="letter-spacing:-0.5pt;"> </font>contain<font style="letter-spacing:-0.5pt;"> </font>all<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>information<font style="letter-spacing:-0.5pt;"> </font>that<font style="letter-spacing:-0.5pt;"> </font>is<font style="letter-spacing:-0.5pt;"> </font>included<font style="letter-spacing:-0.5pt;"> </font>in the registration statement. You will find additional information about us in the registration statement. Any statements made in this prospectus or any<font style="letter-spacing:-0.5pt;"> </font>prospectus<font style="letter-spacing:-0.5pt;"> </font>supplement<font style="letter-spacing:-0.5pt;"> </font>concerning<font style="letter-spacing:-0.55pt;"> </font>legal<font style="letter-spacing:-0.55pt;"> </font>documents<font style="letter-spacing:-0.5pt;"> </font>are<font style="letter-spacing:-0.5pt;"> </font>not<font style="letter-spacing:-0.5pt;"> </font>necessarily<font style="letter-spacing:-0.5pt;"> </font>complete<font style="letter-spacing:-0.55pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>you<font style="letter-spacing:-0.5pt;"> </font>should<font style="letter-spacing:-0.5pt;"> </font>read<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>documents<font style="letter-spacing:-0.5pt;"> </font>that<font style="letter-spacing:-0.5pt;"> </font>are<font style="letter-spacing:-0.5pt;"> </font>filed<font style="letter-spacing:-0.5pt;"> </font>as<font style="letter-spacing:-0.5pt;"> </font>exhibits<font style="letter-spacing:-0.55pt;"> </font>to the<font style="letter-spacing:-0.65pt;"> </font>registration<font style="letter-spacing:-0.65pt;"> </font>statement<font style="letter-spacing:-0.65pt;"> </font>or<font style="letter-spacing:-0.65pt;"> </font>otherwise<font style="letter-spacing:-0.65pt;"> </font>filed<font style="letter-spacing:-0.65pt;"> </font>with<font style="letter-spacing:-0.65pt;"> </font>the<font style="letter-spacing:-0.65pt;"> </font>SEC<font style="letter-spacing:-0.65pt;"> </font>for<font style="letter-spacing:-0.65pt;"> </font>a<font style="letter-spacing:-0.65pt;"> </font>more<font style="letter-spacing:-0.65pt;"> </font>complete<font style="letter-spacing:-0.65pt;"> </font>understanding<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.65pt;"> </font>the<font style="letter-spacing:-0.65pt;"> </font>document<font style="letter-spacing:-0.65pt;"> </font>or<font style="letter-spacing:-0.65pt;"> </font>matter.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We<font style="letter-spacing:-0.3pt;"> </font>file<font style="letter-spacing:-0.3pt;"> </font>annual,<font style="letter-spacing:-0.3pt;"> </font>quarterly<font style="letter-spacing:-0.3pt;"> </font>and<font style="letter-spacing:-0.3pt;"> </font>current<font style="letter-spacing:-0.3pt;"> </font>reports,<font style="letter-spacing:-0.3pt;"> </font>proxy<font style="letter-spacing:-0.3pt;"> </font>statements<font style="letter-spacing:-0.3pt;"> </font>and<font style="letter-spacing:-0.3pt;"> </font>other<font style="letter-spacing:-0.3pt;"> </font>information<font style="letter-spacing:-0.3pt;"> </font>with<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>SEC.<font style="letter-spacing:1.95pt;"> </font>You<font style="letter-spacing:-0.3pt;"> </font>may<font style="letter-spacing:-0.3pt;"> </font>read,<font style="letter-spacing:-0.3pt;"> </font>without<font style="letter-spacing:-0.3pt;"> </font>charge,<font style="letter-spacing:-0.3pt;"> </font>and copy<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>documents<font style="letter-spacing:-0.3pt;"> </font>we<font style="letter-spacing:-0.3pt;"> </font>file<font style="letter-spacing:-0.3pt;"> </font>at<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>SEC&#8217;s<font style="letter-spacing:-0.3pt;"> </font>public<font style="letter-spacing:-0.3pt;"> </font>reference<font style="letter-spacing:-0.3pt;"> </font>rooms<font style="letter-spacing:-0.3pt;"> </font>in<font style="letter-spacing:-0.3pt;"> </font>Washington,<font style="letter-spacing:-0.3pt;"> </font>D.C.<font style="letter-spacing:-0.3pt;"> </font>at<font style="letter-spacing:-0.3pt;"> </font>100<font style="letter-spacing:-0.3pt;"> </font>F<font style="letter-spacing:-0.3pt;"> </font>Street,<font style="letter-spacing:-0.3pt;"> </font>NE,<font style="letter-spacing:-0.3pt;"> </font>Room<font style="letter-spacing:-0.3pt;"> </font>1580,<font style="letter-spacing:-0.3pt;"> </font>Washington,<font style="letter-spacing:-0.3pt;"> </font>DC<font style="letter-spacing:-0.3pt;"> </font>20549,<font style="letter-spacing:-0.3pt;"> </font>or in<font style="letter-spacing:-0.25pt;"> </font>New<font style="letter-spacing:-0.25pt;"> </font>York,<font style="letter-spacing:-0.25pt;"> </font>New<font style="letter-spacing:-0.25pt;"> </font>York<font style="letter-spacing:-0.25pt;"> </font>and<font style="letter-spacing:-0.25pt;"> </font>Chicago,<font style="letter-spacing:-0.25pt;"> </font>Illinois.<font style="letter-spacing:1.95pt;"> </font>You<font style="letter-spacing:-0.25pt;"> </font>can<font style="letter-spacing:-0.25pt;"> </font>request<font style="letter-spacing:-0.25pt;"> </font>copies<font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>these<font style="letter-spacing:-0.25pt;"> </font>documents<font style="letter-spacing:-0.25pt;"> </font>by<font style="letter-spacing:-0.25pt;"> </font>writing<font style="letter-spacing:-0.25pt;"> </font>to<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>SEC<font style="letter-spacing:-0.25pt;"> </font>and<font style="letter-spacing:-0.25pt;"> </font>paying<font style="letter-spacing:-0.25pt;"> </font>a<font style="letter-spacing:-0.25pt;"> </font>fee<font style="letter-spacing:-0.25pt;"> </font>for<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>copying cost.&nbsp;&nbsp;Please call the SEC for further information on the public reference rooms. Our SEC filings are also available to the public at no cost from the SEC&#8217;s website at http://www.sec.gov. In addition, we make available on or through our Internet site copies of these reports as soon as reasonably practicable after we electronically file or furnish them to the SEC. Our Internet site can be found at www.astrotechcorp.com.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark17"></a><a name="Incorporation_of_Documents_by_Reference"></a><a name="Incorporation_of_Documents_by_Reference"></a>INCORPORATION OF DOCUMENTS BY REFERENCE</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have filed a registration statement on Form S-3 with the Securities and Exchange Commission under the Securities Act. This prospectus is part of the registration statement but the registration statement includes and incorporates by reference additional information and exhibits. The Securities and Exchange Commission permits us to &#8220;incorporate by reference&#8221; the information contained in documents we file<font style="letter-spacing:-0.85pt;"> </font>with the Securities and Exchange Commission, which means that we can disclose important information to you by referring you to those documents rather than by including them in this prospectus. Information that is incorporated by reference is considered to be part of this prospectus and you should read it with the same care that you read this prospectus. Information that we file later with the Securities and Exchange Commission will automatically<font style="letter-spacing:-0.45pt;"> </font>update<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.45pt;"> </font>supersede<font style="letter-spacing:-0.45pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>information<font style="letter-spacing:-0.45pt;"> </font>that<font style="letter-spacing:-0.45pt;"> </font>is<font style="letter-spacing:-0.45pt;"> </font>either<font style="letter-spacing:-0.45pt;"> </font>contained,<font style="letter-spacing:-0.45pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font>incorporated<font style="letter-spacing:-0.45pt;"> </font>by<font style="letter-spacing:-0.45pt;"> </font>reference,<font style="letter-spacing:-0.45pt;"> </font>in<font style="letter-spacing:-0.45pt;"> </font>this<font style="letter-spacing:-0.45pt;"> </font>prospectus,<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.45pt;"> </font>will<font style="letter-spacing:-0.45pt;"> </font>be<font style="letter-spacing:-0.45pt;"> </font>considered to be a part of this prospectus from the date those documents are filed. We have filed with the Securities and Exchange Commission, and incorporate<font style="letter-spacing:-0.8pt;"> </font>by<font style="letter-spacing:-0.8pt;"> </font>reference<font style="letter-spacing:-0.8pt;"> </font>in<font style="letter-spacing:-0.8pt;"> </font>this<font style="letter-spacing:-0.8pt;"> </font>prospectus:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Annual</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">Report</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">Form</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">10-K</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">year</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">ended</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">June</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">30,</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">2018</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">filed</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">September</font><font style="font-size:10pt;letter-spacing:-0.55pt;">&#160;</font><font style="font-size:10pt;">25,</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">2018;</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Current Report on Form 8-K (excluding any reports or portions thereof that are deemed to be furnished and not filed) filed on October&#160;5, 2018, and</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">October&#160;12,</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">2018;</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">and</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.43%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.75%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8226;</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Our definitive proxy statement on Schedule 14A relating to our 2017 annual meeting of shareholders filed on October 27, 2017 containing</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">description</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">our</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">common</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">stock</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">our</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Series</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">A</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Junior</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Participating</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Preferred</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Stock.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We<font style="letter-spacing:-0.35pt;"> </font>also<font style="letter-spacing:-0.35pt;"> </font>incorporate<font style="letter-spacing:-0.35pt;"> </font>by<font style="letter-spacing:-0.3pt;"> </font>reference<font style="letter-spacing:-0.3pt;"> </font>all<font style="letter-spacing:-0.35pt;"> </font>additional<font style="letter-spacing:-0.35pt;"> </font>documents<font style="letter-spacing:-0.3pt;"> </font>that<font style="letter-spacing:-0.35pt;"> </font>we<font style="letter-spacing:-0.3pt;"> </font>file<font style="letter-spacing:-0.3pt;"> </font>with<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>Securities<font style="letter-spacing:-0.3pt;"> </font>and<font style="letter-spacing:-0.35pt;"> </font>Exchange<font style="letter-spacing:-0.35pt;"> </font>Commission<font style="letter-spacing:-0.3pt;"> </font>under<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>terms<font style="letter-spacing:-0.35pt;"> </font>of Sections<font style="letter-spacing:-0.1pt;"> </font>13(a),<font style="letter-spacing:-0.1pt;"> </font>13(c),<font style="letter-spacing:-0.1pt;"> </font>14<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>15(d)<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>Exchange<font style="letter-spacing:-0.1pt;"> </font>Act<font style="letter-spacing:-0.1pt;"> </font>that<font style="letter-spacing:-0.1pt;"> </font>are<font style="letter-spacing:-0.1pt;"> </font>made<font style="letter-spacing:-0.1pt;"> </font>after<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>date<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>initial<font style="letter-spacing:-0.1pt;"> </font>registration<font style="letter-spacing:-0.1pt;"> </font>statement<font style="letter-spacing:-0.1pt;"> </font>but<font style="letter-spacing:-0.1pt;"> </font>prior<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:-0.1pt;"> </font>effectiveness<font style="letter-spacing:-0.1pt;"> </font>of the<font style="letter-spacing:-0.6pt;"> </font>registration<font style="letter-spacing:-0.6pt;"> </font>statement<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>after<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>date<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>prospectus<font style="letter-spacing:-0.6pt;"> </font>but<font style="letter-spacing:-0.6pt;"> </font>prior<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>termination<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>offering<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>securities<font style="letter-spacing:-0.6pt;"> </font>covered<font style="letter-spacing:-0.6pt;"> </font>by<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>prospectus. We are not, however, incorporating, in each case, any documents or information that we are deemed to furnish and not file in accordance with Securities<font style="letter-spacing:-1.05pt;"> </font>and<font style="letter-spacing:-1.05pt;"> </font>Exchange<font style="letter-spacing:-1.05pt;"> </font>Commission<font style="letter-spacing:-1.05pt;"> </font>rules.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.63%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">You may request, and we will provide you with, a copy of these filings, at no cost, by calling us at (512) 485-9530<font style="letter-spacing:0.2pt;"> </font>or by writing to us at<font style="letter-spacing:-0.8pt;"> </font>the<font style="letter-spacing:-0.8pt;"> </font>following<font style="letter-spacing:-0.8pt;"> </font>address:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astrotech Corporation</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">201 West 5th Street, Suite 1275</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Austin, Texas 78701</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;margin-left:1.62%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Attn: Eric N. Stober, Chief Financial Officer</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:1.61%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PART II</p>
<p style="text-align:center;margin-top:1pt;margin-bottom:0pt;margin-left:1.61%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">INFORMATION NOT REQUIRED IN PROSPECTUS</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 14. Other Expenses of Issuance and Distribution.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following table sets forth an estimate of the fees and expenses relating to the issuance and distribution of the securities being registered<font style="letter-spacing:-0.5pt;"> </font>hereby,<font style="letter-spacing:-0.5pt;"> </font>other<font style="letter-spacing:-0.5pt;"> </font>than<font style="letter-spacing:-0.5pt;"> </font>underwriting<font style="letter-spacing:-0.5pt;"> </font>discounts<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>commissions,<font style="letter-spacing:-0.5pt;"> </font>all<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>which<font style="letter-spacing:-0.5pt;"> </font>shall<font style="letter-spacing:-0.5pt;"> </font>be<font style="letter-spacing:-0.5pt;"> </font>borne<font style="letter-spacing:-0.5pt;"> </font>by<font style="letter-spacing:-0.5pt;"> </font>the<font style="letter-spacing:-0.5pt;"> </font>Registrant.<font style="letter-spacing:1.55pt;"> </font>All<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>such<font style="letter-spacing:-0.5pt;"> </font>fees<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>expenses, except<font style="letter-spacing:-0.6pt;"> </font>for<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>SEC<font style="letter-spacing:-0.6pt;"> </font>registration<font style="letter-spacing:-0.6pt;"> </font>fee,<font style="letter-spacing:-0.6pt;"> </font>are<font style="letter-spacing:-0.6pt;"> </font>estimated:</p>
<p style="margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:88.33%;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:95%;">
<tr>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:79.08%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SEC registration fee</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.98%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">148.45</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.2%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:79.08%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Transfer agent's fees and expenses</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.98%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.2%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:79.08%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Legal fees and expenses</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.98%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.2%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:79.08%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Printing fees and expenses</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.98%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.2%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:79.08%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accounting fees and expenses</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.98%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.2%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:79.08%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Miscellaneous fees and expenses</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.98%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:3.2%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*</p></td>
</tr>
<tr>
<td valign="middle"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:79.08%; border-bottom:double 2.5pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.98%; border-bottom:double 2.5pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:12.7%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:3.2%; border-bottom:double 2.5pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*</p></td>
</tr>
</table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.67%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">*<font style="letter-spacing:-0.6pt;"> </font>These<font style="letter-spacing:-0.6pt;"> </font>fees<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>expenses<font style="letter-spacing:-0.6pt;"> </font>depend<font style="letter-spacing:-0.6pt;"> </font>on<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>securities<font style="letter-spacing:-0.6pt;"> </font>offered<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>number<font style="letter-spacing:-0.6pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>issuances,<font style="letter-spacing:-0.6pt;"> </font>and<font style="letter-spacing:-0.6pt;"> </font>accordingly<font style="letter-spacing:-0.6pt;"> </font>cannot<font style="letter-spacing:-0.6pt;"> </font>be<font style="letter-spacing:-0.6pt;"> </font>estimated<font style="letter-spacing:-0.6pt;"> </font>at<font style="letter-spacing:-0.6pt;"> </font>this<font style="letter-spacing:-0.6pt;"> </font>time and<font style="letter-spacing:-0.75pt;"> </font>will<font style="letter-spacing:-0.75pt;"> </font>be<font style="letter-spacing:-0.75pt;"> </font>reflected<font style="letter-spacing:-0.75pt;"> </font>in<font style="letter-spacing:-0.75pt;"> </font>the<font style="letter-spacing:-0.75pt;"> </font>applicable<font style="letter-spacing:-0.75pt;"> </font>prospectus<font style="letter-spacing:-0.75pt;"> </font>supplement.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 15. Indemnification of Officers and Directors.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 102 of the DGCL permits a corporation to eliminate the personal liability of directors of a corporation to the corporation or its stockholders<font style="letter-spacing:-0.3pt;"> </font>for<font style="letter-spacing:-0.3pt;"> </font>monetary<font style="letter-spacing:-0.3pt;"> </font>damages<font style="letter-spacing:-0.3pt;"> </font>for<font style="letter-spacing:-0.3pt;"> </font>a<font style="letter-spacing:-0.3pt;"> </font>breach<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>fiduciary<font style="letter-spacing:-0.3pt;"> </font>duty<font style="letter-spacing:-0.3pt;"> </font>as<font style="letter-spacing:-0.3pt;"> </font>a<font style="letter-spacing:-0.3pt;"> </font>director,<font style="letter-spacing:-0.3pt;"> </font>except<font style="letter-spacing:-0.3pt;"> </font>where<font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.3pt;"> </font>director<font style="letter-spacing:-0.3pt;"> </font>breached<font style="letter-spacing:-0.3pt;"> </font>his<font style="letter-spacing:-0.3pt;"> </font>duty<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>loyalty,<font style="letter-spacing:-0.3pt;"> </font>failed<font style="letter-spacing:-0.3pt;"> </font>to<font style="letter-spacing:-0.3pt;"> </font>act in<font style="letter-spacing:-0.45pt;"> </font>good<font style="letter-spacing:-0.45pt;"> </font>faith,<font style="letter-spacing:-0.45pt;"> </font>engaged<font style="letter-spacing:-0.45pt;"> </font>in<font style="letter-spacing:-0.45pt;"> </font>intentional<font style="letter-spacing:-0.45pt;"> </font>misconduct<font style="letter-spacing:-0.45pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font>knowingly<font style="letter-spacing:-0.45pt;"> </font>violated<font style="letter-spacing:-0.45pt;"> </font>a<font style="letter-spacing:-0.45pt;"> </font>law,<font style="letter-spacing:-0.45pt;"> </font>authorized<font style="letter-spacing:-0.45pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>payment<font style="letter-spacing:-0.45pt;"> </font>of<font style="letter-spacing:-0.45pt;"> </font>a<font style="letter-spacing:-0.45pt;"> </font>dividend<font style="letter-spacing:-0.45pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font>approved<font style="letter-spacing:-0.45pt;"> </font>a<font style="letter-spacing:-0.45pt;"> </font>stock<font style="letter-spacing:-0.45pt;"> </font>repurchase in<font style="letter-spacing:-0.7pt;"> </font>violation<font style="letter-spacing:-0.7pt;"> </font>of<font style="letter-spacing:-0.7pt;"> </font>Delaware<font style="letter-spacing:-0.7pt;"> </font>corporate<font style="letter-spacing:-0.7pt;"> </font>law<font style="letter-spacing:-0.7pt;"> </font>or<font style="letter-spacing:-0.7pt;"> </font>obtained<font style="letter-spacing:-0.7pt;"> </font>an<font style="letter-spacing:-0.7pt;"> </font>improper<font style="letter-spacing:-0.7pt;"> </font>personal<font style="letter-spacing:-0.7pt;"> </font>benefit.<font style="letter-spacing:-0.7pt;"> </font>Our<font style="letter-spacing:-0.7pt;"> </font>amended<font style="letter-spacing:-0.7pt;"> </font>and<font style="letter-spacing:-0.7pt;"> </font>restated<font style="letter-spacing:-0.7pt;"> </font>certificate<font style="letter-spacing:-0.7pt;"> </font>of<font style="letter-spacing:-0.7pt;"> </font>incorporation<font style="letter-spacing:-0.7pt;"> </font>provides<font style="letter-spacing:-0.7pt;"> </font>that no<font style="letter-spacing:-0.1pt;"> </font>director<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>Company<font style="letter-spacing:-0.1pt;"> </font>shall<font style="letter-spacing:-0.1pt;"> </font>be<font style="letter-spacing:-0.1pt;"> </font>personally<font style="letter-spacing:-0.1pt;"> </font>liable<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:-0.1pt;"> </font>it<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>its<font style="letter-spacing:-0.1pt;"> </font>stockholders<font style="letter-spacing:-0.1pt;"> </font>for<font style="letter-spacing:-0.1pt;"> </font>monetary<font style="letter-spacing:-0.1pt;"> </font>damages<font style="letter-spacing:-0.1pt;"> </font>for<font style="letter-spacing:-0.1pt;"> </font>any<font style="letter-spacing:-0.1pt;"> </font>breach<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>fiduciary<font style="letter-spacing:-0.1pt;"> </font>duty<font style="letter-spacing:-0.1pt;"> </font>as<font style="letter-spacing:-0.1pt;"> </font>a<font style="letter-spacing:-0.1pt;"> </font>director, notwithstanding<font style="letter-spacing:-0.25pt;"> </font>any<font style="letter-spacing:-0.25pt;"> </font>provision<font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>law<font style="letter-spacing:-0.25pt;"> </font>imposing<font style="letter-spacing:-0.3pt;"> </font>such<font style="letter-spacing:-0.25pt;"> </font>liability,<font style="letter-spacing:-0.3pt;"> </font>except<font style="letter-spacing:-0.25pt;"> </font>to<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>extent<font style="letter-spacing:-0.25pt;"> </font>that<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>DGCL<font style="letter-spacing:-0.25pt;"> </font>prohibits<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>elimination<font style="letter-spacing:-0.3pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>limitation<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>liability of<font style="letter-spacing:-0.65pt;"> </font>directors<font style="letter-spacing:-0.65pt;"> </font>for<font style="letter-spacing:-0.65pt;"> </font>breaches<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.65pt;"> </font>fiduciary<font style="letter-spacing:-0.65pt;"> </font>duty.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 145 of the DGCL provides that a corporation has the power to indemnify a director, officer, employee, or agent of the corporation, or a person serving at the request of the corporation for another corporation, partnership, joint venture, trust or other enterprise in related<font style="letter-spacing:-0.45pt;"> </font>capacities<font style="letter-spacing:-0.45pt;"> </font>against<font style="letter-spacing:-0.45pt;"> </font>expenses<font style="letter-spacing:-0.45pt;"> </font>(including<font style="letter-spacing:-0.4pt;"> </font>attorneys'<font style="letter-spacing:-0.45pt;"> </font>fees),<font style="letter-spacing:-0.45pt;"> </font>judgments,<font style="letter-spacing:-0.45pt;"> </font>fines<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.45pt;"> </font>amounts<font style="letter-spacing:-0.45pt;"> </font>paid<font style="letter-spacing:-0.45pt;"> </font>in<font style="letter-spacing:-0.45pt;"> </font>settlement<font style="letter-spacing:-0.45pt;"> </font>actually<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.45pt;"> </font>reasonably<font style="letter-spacing:-0.4pt;"> </font>incurred<font style="letter-spacing:-0.45pt;"> </font>by the person in connection with an action, suit or proceeding to which he was or is a party or is threatened to be made a party to any threatened, ending<font style="letter-spacing:-0.5pt;"> </font>or<font style="letter-spacing:-0.5pt;"> </font>completed<font style="letter-spacing:-0.5pt;"> </font>action,<font style="letter-spacing:-0.5pt;"> </font>suit<font style="letter-spacing:-0.5pt;"> </font>or<font style="letter-spacing:-0.5pt;"> </font>proceeding<font style="letter-spacing:-0.5pt;"> </font>by<font style="letter-spacing:-0.5pt;"> </font>reason<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>such<font style="letter-spacing:-0.5pt;"> </font>position,<font style="letter-spacing:-0.5pt;"> </font>if<font style="letter-spacing:-0.5pt;"> </font>such<font style="letter-spacing:-0.5pt;"> </font>person<font style="letter-spacing:-0.5pt;"> </font>acted<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.5pt;"> </font>good<font style="letter-spacing:-0.5pt;"> </font>faith<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.5pt;"> </font>a<font style="letter-spacing:-0.5pt;"> </font>manner<font style="letter-spacing:-0.5pt;"> </font>he<font style="letter-spacing:-0.5pt;"> </font>reasonably<font style="letter-spacing:-0.5pt;"> </font>believed to be in or not opposed to the best interests of the corporation, and, in any criminal action or proceeding, had no reasonable cause to believe his conduct<font style="letter-spacing:-0.5pt;"> </font>was<font style="letter-spacing:-0.45pt;"> </font>unlawful,<font style="letter-spacing:-0.45pt;"> </font>except<font style="letter-spacing:-0.5pt;"> </font>that,<font style="letter-spacing:-0.5pt;"> </font>in<font style="letter-spacing:-0.45pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>case<font style="letter-spacing:-0.45pt;"> </font>of<font style="letter-spacing:-0.45pt;"> </font>actions<font style="letter-spacing:-0.5pt;"> </font>brought<font style="letter-spacing:-0.45pt;"> </font>by<font style="letter-spacing:-0.45pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font>in<font style="letter-spacing:-0.45pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>right<font style="letter-spacing:-0.45pt;"> </font>of<font style="letter-spacing:-0.45pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>corporation,<font style="letter-spacing:-0.5pt;"> </font>no<font style="letter-spacing:-0.45pt;"> </font>indemnification<font style="letter-spacing:-0.5pt;"> </font>shall<font style="letter-spacing:-0.45pt;"> </font>be<font style="letter-spacing:-0.45pt;"> </font>made<font style="letter-spacing:-0.45pt;"> </font>with<font style="letter-spacing:-0.45pt;"> </font>respect to<font style="letter-spacing:-0.15pt;"> </font>any<font style="letter-spacing:-0.15pt;"> </font>claim,<font style="letter-spacing:-0.15pt;"> </font>issue<font style="letter-spacing:-0.15pt;"> </font>or<font style="letter-spacing:-0.15pt;"> </font>matter<font style="letter-spacing:-0.15pt;"> </font>as<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>which<font style="letter-spacing:-0.15pt;"> </font>such<font style="letter-spacing:-0.15pt;"> </font>person<font style="letter-spacing:-0.15pt;"> </font>shall<font style="letter-spacing:-0.15pt;"> </font>have<font style="letter-spacing:-0.15pt;"> </font>been<font style="letter-spacing:-0.15pt;"> </font>adjudged<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>be<font style="letter-spacing:-0.15pt;"> </font>liable<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>corporation<font style="letter-spacing:-0.2pt;"> </font>unless<font style="letter-spacing:-0.15pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>only<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.15pt;"> </font>extent<font style="letter-spacing:-0.15pt;"> </font>that<font style="letter-spacing:-0.15pt;"> </font>the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our Certificate of Incorporation and amended and Bylaws provide indemnification for our directors and officers to the fullest extent permitted by the DGCL.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">23</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:7.64%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 16. Exhibits.</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-weight:bold;;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;text-indent:7.64%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:102pt;"></font><font style="font-size:10pt;">Exhibits.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:90%;">
<tr>
<td valign="bottom"  style="width:14.36%; border-bottom:solid 1pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit&#160;Number</p></td>
<td valign="bottom"  style="width:2.32%; border-bottom:solid 1pt transparent;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="bottom"  style="width:83.32%; border-bottom:solid 1pt #000000;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Description&#160;of&#160;Document</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.1</p></td>
<td valign="bottom"  style="width:2.32%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="http://www.sec.gov/Archives/edgar/data/1001907/000100190717000090/ex31decharter.htm"><font style="text-decoration:underline;">Certificate of Incorporation, as filed with the Secretary of State of the State of Delaware (incorporated by reference to Exhibit&#160;3.1 of the Registrant&#8217;s Form 8-K filed with the Securities and Exchange Commission on December 28, 2017).</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:2.32%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.2</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="http://www.sec.gov/Archives/edgar/data/1001907/000100190717000090/ex32debylaws.htm"><font style="text-decoration:underline;">Bylaws of the Registrant (incorporated by reference to Exhibit&#160;3.2 of the Registrant&#8217;s Form 8-K filed with the Securities and Exchange Commission on December 28, 2017).</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr style="height:36.9pt;">
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.3</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="http://www.sec.gov/Archives/edgar/data/1001907/000100190717000090/ex33certofdesignations.htm"><font style="text-decoration:underline;">Certificate of Designations of Series A Junior Participating Preferred Stock, as filed with the Secretary of State of the State of Delaware (incorporated by reference to Exhibit&#160;3.3 of the Registrant&#8217;s Form 8-K filed with the Securities and Exchange Commission on December 28, 2017).</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.4</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="http://www.sec.gov/Archives/edgar/data/1001907/000156459018024171/astc-ex31_7.htm"><font style="text-decoration:underline;">Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the Registrant's Form 8-K filed with the Securities and Exchange Commission on October 12, 2018).</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.1</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="astc-ex51_42.htm"><font style="text-decoration:underline;">Opinion of Sheppard Mullin Richter &amp; Hampton LLP as to the legality of the securities being registered</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">23.1</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="astc-ex51_42.htm"><font style="text-decoration:underline;">Consent of Sheppard Mullin Richter &amp; Hampton LLP (included in Exhibit&#160;5.1)</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">23.2</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="astc-ex232_43.htm"><font style="text-decoration:underline;">Consent of BDO USA, LLP</font></a></p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="width:14.36%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24.1</p></td>
<td valign="top"  style="width:2.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:83.32%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="#Power_of_Attorney"><font style="text-decoration:underline;">Power of Attorney (included on signature pages&#160;to the registration statement)</font></a></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 17. Undertakings.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;text-indent:7.64%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:102pt;"></font><font style="font-size:10pt;">The</font><font style="font-size:10pt;letter-spacing:-1.1pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-1.1pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-1.1pt;"> </font><font style="font-size:10pt;">hereby</font><font style="font-size:10pt;letter-spacing:-1.1pt;"> </font><font style="font-size:10pt;">undertakes:</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:10.87%;text-indent:5.15%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1)<font style="margin-left:100pt;"></font><font style="font-size:10pt;">To</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">file,</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">during</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">period</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">which</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">offers</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">sales</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">are</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">being</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">made,</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">post-effective</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">amendment</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">this</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">statement:</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(i)<font style="margin-left:140pt;"></font><font style="font-size:10pt;">To</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">include</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">required</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Section</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">10(a)(3)</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">1933;</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ii)<font style="margin-left:144pt;"></font><font style="font-size:10pt;">To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">recent</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">post-effective</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">amendment</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">thereof)</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">which,</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">individually</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">aggregate,</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">represent</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">fundamental</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">change</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">offered</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">(if</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">total</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">dollar</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">value</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">offered</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">would</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">not</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">exceed</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">which</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">was</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">registered)</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with</font><font style="font-size:10pt;letter-spacing:-1.55pt;"> </font><font style="font-size:10pt;">the Commission</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">pursuant</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">Rule</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">424(b)</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">if,</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">aggregate,</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">changes</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">volume</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">price</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">represent</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">no</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">more</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">than</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">20</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration</font><font style="font-size:10pt;letter-spacing:-1.25pt;"> </font><font style="font-size:10pt;">statement;</font><font style="font-size:10pt;letter-spacing:-1.25pt;"> </font><font style="font-size:10pt;">and</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(iii)<font style="margin-left:148pt;"></font><font style="font-size:10pt;">To include any material information with respect to the plan of distribution not previously disclosed in the registration</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">material</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">change</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">information</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.75pt;"> </font><font style="font-size:10pt;">statement;</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:10.88%;margin-right:1.3%;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU20"></a>provided<font style="font-style:normal;">,</font><font style="letter-spacing:-1.85pt;font-style:normal;"> </font>however<font style="font-style:normal;">, that paragraphs (a)(1)(i), (a)(1)(ii), and (a)(1)(iii) above 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 Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement,</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">or</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">is</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">contained</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">in</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">form</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">prospectus</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-top:4pt;margin-bottom:0pt;margin-left:10.88%;margin-right:1.3%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;"><font style="font-style:normal;">filed</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">pursuant</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">to</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">Rule</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">424(b)</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">that</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">is</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">a</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">part</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">of</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">the</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">registration</font><font style="letter-spacing:-0.55pt;font-style:normal;"> </font><font style="font-style:normal;">statement.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:10.87%;margin-right:1.3%;text-indent:5.15%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2)<font style="margin-left:100pt;"></font><font style="font-size:10pt;">That,</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">purpose</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">determining</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">liability</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">under</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">1933,</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">each</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">post-effective</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">amendment</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">shall be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">deemed</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">new</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">offered</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">therein,</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">at</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">time</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">shall be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">deemed</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">initial</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">bona</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">fide</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">thereof.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:10.87%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3)<font style="margin-left:101pt;"></font><font style="font-size:10pt;">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">at</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">termination</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">offering.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:16.01%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:2.56%;white-space:nowrap">
<p style="margin-top:0pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(4)</font></p></td>
<td valign="top">
<p style="margin-top:0pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">That,</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">purpose</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">determining</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">liability</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">under</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">1933</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">purchaser:</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(A)<font style="margin-left:146pt;"></font><font style="font-size:10pt;">Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">as</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">date</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">filed</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">was</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">deemed</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">part</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">included</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">statement;</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">and</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(B)<font style="margin-left:144pt;"></font><font style="font-size:10pt;">Each</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">required</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">filed</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">pursuant</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">Rule</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">424(b)(2),</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">(b)(5),</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">(b)(7)</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">as</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">part</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">statement in</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">reliance</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">Rule</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">430B</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">an</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">made</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">pursuant</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">Rule</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">415(a)(1)(i),</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">(vii),</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">(x)</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">purpose</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">providing the information required by Section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">contract</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">sale</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">described</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">prospectus.</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">As</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">provided</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">Rule</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">430B,</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.25pt;"> </font><font style="font-size:10pt;">liability</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">which</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">relates,</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of such securities at that time shall be deemed to be the initial bona fide offering thereof. </font><font style="font-style:italic;font-size:10pt;">Provided</font><font style="font-size:10pt;">, </font><font style="font-style:italic;font-size:10pt;">however</font><font style="font-size:10pt;">, that no statement made</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">is</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">part</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">made</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">document</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">incorporated</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">or deemed</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">incorporated</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">reference</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">into</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">is</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">part</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">will,</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">as to</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">purchaser</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">with</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">time</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">contract</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">sale</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">prior</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">effective</font><font style="font-size:10pt;letter-spacing:-0.35pt;"> </font><font style="font-size:10pt;">date,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">supersede</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">modify</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">was</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">made</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">in the</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">was</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">part</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">made</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">document</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">immediately prior</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">effective</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">date.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:10.87%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(5)<font style="margin-left:100pt;"></font><font style="font-size:10pt;">That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the</font><font style="font-size:10pt;letter-spacing:-0.85pt;"> </font><font style="font-size:10pt;">initial distribution</font><font style="font-size:10pt;letter-spacing:-0.9pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.9pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.9pt;"> </font><font style="font-size:10pt;">securities:</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.13%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:-0.35pt;"> </font>undersigned<font style="letter-spacing:-0.35pt;"> </font>registrant<font style="letter-spacing:-0.35pt;"> </font>undertakes<font style="letter-spacing:-0.35pt;"> </font>that<font style="letter-spacing:-0.35pt;"> </font>in<font style="letter-spacing:-0.35pt;"> </font>a<font style="letter-spacing:-0.35pt;"> </font>primary<font style="letter-spacing:-0.35pt;"> </font>offering<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>securities<font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>undersigned<font style="letter-spacing:-0.35pt;"> </font>registrant<font style="letter-spacing:-0.35pt;"> </font>pursuant<font style="letter-spacing:-0.35pt;"> </font>to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the<font style="letter-spacing:-1.25pt;"> </font>securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be<font style="letter-spacing:-1.25pt;"> </font>a seller<font style="letter-spacing:-0.55pt;"> </font>to<font style="letter-spacing:-0.55pt;"> </font>the<font style="letter-spacing:-0.55pt;"> </font>purchaser<font style="letter-spacing:-0.55pt;"> </font>and<font style="letter-spacing:-0.55pt;"> </font>will<font style="letter-spacing:-0.55pt;"> </font>be<font style="letter-spacing:-0.55pt;"> </font>considered<font style="letter-spacing:-0.55pt;"> </font>to<font style="letter-spacing:-0.55pt;"> </font>offer<font style="letter-spacing:-0.55pt;"> </font>or<font style="letter-spacing:-0.55pt;"> </font>sell<font style="letter-spacing:-0.55pt;"> </font>such<font style="letter-spacing:-0.55pt;"> </font>securities<font style="letter-spacing:-0.55pt;"> </font>to<font style="letter-spacing:-0.55pt;"> </font>such<font style="letter-spacing:-0.55pt;"> </font>purchaser:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(i)<font style="margin-left:141pt;"></font><font style="font-size:10pt;">Any</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">preliminary</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">required</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">filed pursuant</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Rule</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">424;</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ii)<font style="margin-left:144pt;"></font><font style="font-size:10pt;">Any</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">free</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">writing</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">prepared</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">behalf</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.15pt;"> </font><font style="font-size:10pt;">used or</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">referred</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">registrant;</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:18.79%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(iii)<font style="margin-left:146pt;"></font><font style="font-size:10pt;">The</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">portion</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">other</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">free</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">writing</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">prospectus</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">containing</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">material</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">information</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">about</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the undersigned</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">its</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">provided</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">on</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">behalf</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">registrant;</font><font style="font-size:10pt;letter-spacing:-0.65pt;"> </font><font style="font-size:10pt;">and</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:23.94%;white-space:nowrap">
<p style="margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top" style="width:3.06%;white-space:nowrap">
<p style="margin-top:4pt;margin-bottom:0pt;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(iv)</font></p></td>
<td valign="top">
<p style="margin-top:4pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:9.5pt;"><font style="font-size:10pt;">Any</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">other</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">communication</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">is</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">an</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">offer</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">made</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">purchaser.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU21"></a>(c)<font style="margin-left:57pt;"></font><font style="font-size:10pt;">The</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">undersigned</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">hereby</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">undertakes</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">that,</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">purposes</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">determining</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">any</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">liability</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">under</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">1933,</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">each</font><font style="font-size:10pt;letter-spacing:-0.45pt;"> </font><font style="font-size:10pt;">filing of the registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange </font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.96%;margin-right:1.3%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;">Act of 1934 (and, where applicable, each filing of an employee benefit plan&#8217;s an</font><font style="font-size:10pt;">nual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">shall</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">deemed</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">new</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">registration</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">statement</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">relating</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">offered</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">therein,</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.2pt;"> </font><font style="font-size:10pt;">offering of</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">securities</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">at</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">time</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">shall</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">deemed</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">initial</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-style:italic;font-size:10pt;">bona</font><font style="font-style:italic;font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-style:italic;font-size:10pt;">fide</font><font style="font-style:italic;font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">offering</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">thereof.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:5.15%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d)<font style="margin-left:57pt;"></font><font style="font-size:10pt;">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and</font><font style="font-size:10pt;letter-spacing:-0.95pt;"> </font><font style="font-size:10pt;">controlling persons</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">pursuant</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">to</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">foregoing</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">provisions,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">otherwise,</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">has</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">been</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">advised</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">that</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">opinion</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.3pt;"> </font><font style="font-size:10pt;">and Exchange</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Commission</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">indemnification</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">is</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">against</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">public</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">policy</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">as</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">expressed</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">is,</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">therefore,</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">unenforceable.</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">In</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">event that</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">claim</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">for</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">indemnification</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">against</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">liabilities</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">(other</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">than</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">payment</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">registrant</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">expenses</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">incurred</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">or</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">paid</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">a</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">director,</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">officer</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">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</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Securities</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">will</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">be</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">governed</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">final</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">adjudication</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">such</font><font style="font-size:10pt;letter-spacing:-0.6pt;"> </font><font style="font-size:10pt;">issue.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.3%;text-indent:5.14%;font-size:9.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e)<font style="margin-left:58pt;"></font><font style="font-size:10pt;">The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the trustee to act under</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">subsection</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">(a)</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">Section</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">310</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">Trust</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">Indenture</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">Act</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">(the</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">&#8220;Act&#8221;)</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">in</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">accordance</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">with</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">rules</font><font style="font-size:10pt;letter-spacing:-0.55pt;"> </font><font style="font-size:10pt;">and</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">regulations</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">prescribed</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">by</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">SEC</font><font style="font-size:10pt;letter-spacing:-0.5pt;"> </font><font style="font-size:10pt;">under section</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">305(b)(2)</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">of</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">the</font><font style="font-size:10pt;letter-spacing:-0.7pt;"> </font><font style="font-size:10pt;">Act.</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_bookmark18"></a><br /></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">26</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:2.5%;margin-right:0.74%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU22"></a><font style="font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SIGNATURES</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:7pt;margin-bottom:0pt;margin-left:2.95%;margin-right:1.11%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>requirements<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>Securities<font style="letter-spacing:-0.2pt;"> </font>Act<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.2pt;"> </font>1933,<font style="letter-spacing:-0.2pt;"> </font>as<font style="letter-spacing:-0.2pt;"> </font>amended,<font style="letter-spacing:-0.2pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>Registrant<font style="letter-spacing:-0.2pt;"> </font>certifies<font style="letter-spacing:-0.2pt;"> </font>that<font style="letter-spacing:-0.2pt;"> </font>it<font style="letter-spacing:-0.2pt;"> </font>has<font style="letter-spacing:-0.2pt;"> </font>reasonable<font style="letter-spacing:-0.2pt;"> </font>grounds<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.2pt;"> </font>believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Form S-3 to be signed on its behalf by the undersigned, thereunto<font style="letter-spacing:-0.65pt;"> </font>duly<font style="letter-spacing:-0.65pt;"> </font>authorized,<font style="letter-spacing:-0.65pt;"> </font>in<font style="letter-spacing:-0.65pt;"> </font>Austin,<font style="letter-spacing:-0.65pt;"> </font>Texas,<font style="letter-spacing:-0.65pt;"> </font>on<font style="letter-spacing:-0.65pt;"> </font>the<font style="letter-spacing:-0.65pt;"> 24th </font>day<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.65pt;"> October </font>2018.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:59.95%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ASTROTECH CORPORATION</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:540pt;;">
<tr>
<td style="width:320.4pt;"></td>
<td style="width:33.25pt;"></td>
<td style="width:186.35pt;"></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:3pt;padding-Right:0pt; border-bottom:solid 1pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
<td valign="top"  style="padding-left:3pt;padding-Right:2pt; border-bottom:solid 1pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
<td valign="bottom"  style="padding-left:3pt;padding-Right:2pt; border-bottom:solid 1pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Thomas B. Pickens III</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:3pt;padding-Right:0pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
<td valign="bottom"  style="padding-left:3pt;padding-Right:0pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
<td valign="bottom"  style="padding-left:3pt;padding-Right:2pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Thomas B. Pickens III</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:3pt;padding-Right:0pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
<td valign="bottom"  style="padding-left:3pt;padding-Right:0pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
<td valign="bottom"  style="padding-left:3pt;padding-Right:2pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chief Executive Officer</p></td>
</tr>
</table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:2.5%;margin-right:0.74%;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="Power_of_Attorney"></a><a name="Power_of_Attorney"></a>POWER OF ATTORNEY</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;margin-left:2.5%;margin-right:0.74%;text-indent:0%;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:2.95%;margin-right:1.11%;text-indent:7.64%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Thomas B. Pickens<font style="letter-spacing:-0.4pt;"> </font>III,<font style="letter-spacing:-0.4pt;"> </font>his<font style="letter-spacing:-0.4pt;"> </font>true<font style="letter-spacing:-0.4pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>lawful<font style="letter-spacing:-0.4pt;"> </font>attorney-in-fact<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>agent<font style="letter-spacing:-0.4pt;"> </font>with<font style="letter-spacing:-0.4pt;"> </font>full<font style="letter-spacing:-0.4pt;"> </font>power<font style="letter-spacing:-0.4pt;"> </font>of<font style="letter-spacing:-0.4pt;"> </font>substitution<font style="letter-spacing:-0.4pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>re-substitution,<font style="letter-spacing:-0.4pt;"> </font>for<font style="letter-spacing:-0.4pt;"> </font>him/her<font style="letter-spacing:-0.4pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>in<font style="letter-spacing:-0.4pt;"> </font>his<font style="letter-spacing:-0.4pt;"> </font>name,<font style="letter-spacing:-0.4pt;"> </font>place<font style="letter-spacing:-0.4pt;"> </font>and stead, in any and all capacities to sign any or all amendments (including, without limitation, post-effective amendments) to this Registration Statement, any related Registration Statement filed pursuant to Rule 462(b) under the Securities Act of 1933 and any or all pre- or post-effective amendments thereto, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.1pt;"> </font>necessary<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:-0.1pt;"> </font>be<font style="letter-spacing:-0.1pt;"> </font>done<font style="letter-spacing:-0.1pt;"> </font>in<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.1pt;"> </font>about<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>premises,<font style="letter-spacing:-0.1pt;"> </font>as<font style="letter-spacing:-0.1pt;"> </font>fully<font style="letter-spacing:-0.1pt;"> </font>for<font style="letter-spacing:-0.1pt;"> </font>all<font style="letter-spacing:-0.1pt;"> </font>intents<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.1pt;"> </font>purposes<font style="letter-spacing:-0.1pt;"> </font>as<font style="letter-spacing:-0.1pt;"> </font>he<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>she<font style="letter-spacing:-0.1pt;"> </font>might<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>could<font style="letter-spacing:-0.1pt;"> </font>do<font style="letter-spacing:-0.1pt;"> </font>in<font style="letter-spacing:-0.1pt;"> </font>person,<font style="letter-spacing:-0.1pt;"> </font>hereby ratifying<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.35pt;"> </font>confirming<font style="letter-spacing:-0.35pt;"> </font>that<font style="letter-spacing:-0.35pt;"> </font>said<font style="letter-spacing:-0.35pt;"> </font>attorney-in-fact<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.35pt;"> </font>agent,<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.35pt;"> </font>any<font style="letter-spacing:-0.35pt;"> </font>substitute<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.35pt;"> </font>substitutes<font style="letter-spacing:-0.35pt;"> </font>for<font style="letter-spacing:-0.35pt;"> </font>him,<font style="letter-spacing:-0.35pt;"> </font>may<font style="letter-spacing:-0.35pt;"> </font>lawfully<font style="letter-spacing:-0.35pt;"> </font>do<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.35pt;"> </font>cause<font style="letter-spacing:-0.35pt;"> </font>to<font style="letter-spacing:-0.35pt;"> </font>be<font style="letter-spacing:-0.35pt;"> </font>done<font style="letter-spacing:-0.35pt;"> </font>by<font style="letter-spacing:-0.35pt;"> </font>virtue hereof. Pursuant to the requirements of the Securities Act of 1933, the following persons in the capacities and on the dates indicated have signed this<font style="letter-spacing:-1.05pt;"> </font>Registration<font style="letter-spacing:-1.05pt;"> </font>Statement<font style="letter-spacing:-1.05pt;"> </font>below.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
<tr style="height:13.5pt;">
<td valign="top"  style="width:24.8%; border-bottom:solid 0.75pt #000000;">
<p style="margin-top:0pt;line-height:10pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Thomas B. Pickens III</p></td>
<td valign="top"  style="width:50.42%; border-bottom:solid 0.75pt transparent;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.95pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chairman of the Board and Chief Executive Officer</p></td>
<td valign="top"  style="width:24.78%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p></td>
</tr>
<tr style="height:45.75pt;">
<td valign="top"  style="width:24.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Thomas B. Pickens III</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Mark Adams</p></td>
<td valign="top"  style="width:50.42%; border-bottom:solid 0.75pt transparent;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:7pt;margin-bottom:0pt;margin-left:8.95pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Director</p></td>
<td valign="bottom"  style="width:24.78%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p></td>
</tr>
<tr style="height:45.75pt;">
<td valign="top"  style="width:24.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mark Adams</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Ronald W. Cantwell</p></td>
<td valign="top"  style="width:50.42%; border-bottom:solid 0.75pt transparent;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:7pt;margin-bottom:0pt;margin-left:8.95pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Director</p></td>
<td valign="bottom"  style="width:24.78%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p></td>
</tr>
<tr style="height:45.75pt;">
<td valign="top"  style="width:24.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ronald W. Cantwell</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Daniel T. Russler, Jr.</p></td>
<td valign="top"  style="width:50.42%; border-bottom:solid 0.75pt transparent;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:7pt;margin-bottom:0pt;margin-left:8.95pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Director</p></td>
<td valign="bottom"  style="width:24.78%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p></td>
</tr>
<tr style="height:46.1pt;">
<td valign="top"  style="width:24.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Daniel T. Russler, Jr. </p>
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Tom Wilkinson</p>
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle"  style="width:50.42%; border-bottom:solid 0.75pt transparent;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:10pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Director</p></td>
<td valign="bottom"  style="width:24.78%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p></td>
</tr>
<tr style="height:46.1pt;">
<td valign="top"  style="width:24.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Tom Wilkinson</p>
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Eric N. Stober</p>
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:50.42%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer and Principal Accounting Officer</p></td>
<td valign="bottom"  style="width:24.78%; border-bottom:solid 0.75pt transparent;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p></td>
</tr>
<tr style="height:46.1pt;">
<td valign="top"  style="width:24.8%; border-top:solid 0.75pt #000000;">
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Eric N. Stober</p>
<p style="margin-top:1pt;margin-bottom:0pt;margin-left:1.45pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:50.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp; </p></td>
<td valign="top"  style="width:24.78%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p></td>
</tr>
</table></div>
<p style="margin-top:4pt;margin-bottom:0pt;margin-left:3.23%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">27</a></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>astc-ex51_42.htm
<DESCRIPTION>EX-5.1 SHEPPARD MULLIN OPINION
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
astc-ex51_42.htm
</title>
</head>
<!-- NG Converter v5.0.18157.137 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 5.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="gyte2bmveglw000001.jpg" title="" alt="" style="width:359px;height:48px;"><font style="font-size:10pt;">&#160;</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">VIA ELECTRONIC MAIL</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astrotech Corporation </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">201 West 5<sup style="font-size:85%; vertical-align:top">th</sup> Street, Suite 1275</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Austin, Texas 78701</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
<tr>
<td style="width:7.69%;"></td>
<td style="width:92.31%;"></td>
</tr>
<tr>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Re:</p></td>
<td valign="top" >
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Registration Statement on Form S-3</font></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ladies and Gentlemen:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have acted a special counsel to Astrotech Corporation, a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), in connection with the issuance of this opinion which relates to a&#160;Registration Statement on Form S-3 (the &#8220;<font style="text-decoration:underline;">Registration Statement</font>&#8221;) filed by the Company with the Securities and Exchange Commission (the &#8220;<font style="text-decoration:underline;">SEC</font>&#8221;) under the Securities Act of 1933, as amended (the &#8220;<font style="text-decoration:underline;">Securities Act</font>&#8221;). The Registration Statement covers the resale of 409,645 shares (the &#8220;Shares&#8221;) of the Company&#8217;s common stock, $0.001 par value per share (&#8220;<font style="text-decoration:underline;">Common Stock</font>&#8221;), Common Stock&nbsp;&nbsp;issued to the selling stockholder.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This opinion letter is being delivered in accordance with the requirements of Item 601(b)(5)(i)&#160;of Regulation S-K under the Securities Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In connection with the issuance of this opinion letter, we have examined originals or copies, certified or otherwise identified to our satisfaction, of:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a. the Registration Statement, including the prospectus contained therein and all exhibits thereto;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">b.&#160;the Certificate of Incorporation of the Company, as presently in effect (the &#8220;<font style="text-decoration:underline;">Charter</font>&#8221;);</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">c. the Company&#8217;s Bylaws of the Company, as presently in effect (the &#8220;<font style="text-decoration:underline;">Bylaws</font>&#8221;); and</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">d. certain resolutions adopted by the Board of Directors of the Company relating to the issuance of the Shares.&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Company and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In our examination, we have assumed the genuineness of all signatures, including endorsements, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. As to any facts relevant to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Company and others and of public officials.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">It is understood that this opinion is to be used only in connection with the offer and sale of the securities being registered while the Registration Statement is effective under the Securities Act.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1</a></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:2pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Based upon the foregoing and subject to the qualifications and assumptions stated herein, we are of the opinion</font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> that </font><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the Shares have been duly authorized by all requisite corporate action on the part of the Company under the DGCL and are validly issued, fully paid and non-assessable.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The opinion which we render herein is limited to those matters governed by the General Corporation Law of the State of Delaware (the &#8220;DGCL&#8221;) as of the date hereof. Our opinion expressed herein is as of the date hereof, and we assume no obligation to revise or supplement the opinion rendered herein should the above-referenced laws be changed by legislative or regulatory action, judicial decision or otherwise. We express no opinion as to whether, or the extent to which, the laws of any particular jurisdiction apply to the subject matter hereof.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. We also hereby consent to the reference to our firm under the heading &#8220;Legal Matters&#8221; in the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section&#160;7 of the Securities Act or the General Rules and Regulations under the Securities Act.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This opinion letter is rendered as of the date first written above and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company, the Shares or any other agreements or transactions that may be related thereto or contemplated thereby. We are expressing no opinion as to any obligations that parties other than the Company may have under or in respect of the Shares, or as to the effect that their performance of such obligations may have upon any of the matters referred to above. No opinion may be implied or inferred beyond the opinion expressly stated above.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Very truly yours,</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:1pt;width:40.06%; border-bottom:solid 1.5pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Sheppard Mullin Richter &amp; Hampton LLP</p></td>
<td valign="top"  style="width:59.94%; border-bottom:solid 1.5pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.06%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SHEPPARD MULLIN RICHTER &amp; HAMPTON LLP</p></td>
<td valign="middle"  style="width:59.94%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;text-transform:uppercase;font-family:Times New Roman;font-weight:normal;font-style:normal;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;text-transform:uppercase;font-family:Times New Roman;font-weight:normal;font-style:normal;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;">&nbsp;</p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>astc-ex232_43.htm
<DESCRIPTION>EX-23.2 BDO CONSENT
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
astc-ex232_43.htm
</title>
</head>
<!-- NG Converter v5.0.18157.137 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 23.2</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Consent of Independent Registered Public Accounting Firm</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Astrotech Corporation</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Austin, Texas</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We hereby consent to the incorporation by reference in the Prospectus constituting a part of this Registration Statement of our report dated September 25, 2018, relating to the consolidated financial statements of Astrotech Corporation appearing in the Company&#8217;s Annual Report on Form 10-K for the year ended June 30, 2018. Our report contains an explanatory paragraph regarding the Company&#8217;s ability to continue as a going concern.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We also consent to the reference to us under the caption &#8220;Experts&#8221; in the Prospectus.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ BDO USA, LLP</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Austin, Texas</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:8pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">October 24, 2018</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>gyte2bmveglw000001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 gyte2bmveglw000001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  Q 6@# 2(  A$! Q$!_\0
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MK^UET>^@=<@E4FB;U%4)S^\G.>-S5W?C#2S+X4T?5%7)AB5'Q_=/>O*ZGK]
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M?B&JF?2<CDVJ\_A7'$@S-R/];_6NQ^(1_P!(T@?].B_RH /!2 :!XBQQ^Z'
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%110!_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>ggsyvv5rho4o000001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ggsyvv5rho4o000001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !G :L# 2(  A$! Q$!_\0
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MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHI,T +129HS0
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M_P"/76Y/HY;_ !-,-GXPM2?+NTG4>K _TKLJ6@#BO[;\468'VK3!(!_$$/\
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M$9Z'C]:]K\7Z^OAKPQ>ZH%R\2XC7^\YX%$H.,N4<:BE'F-\LHZD#ZFD\V/\
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MUPOP&;=XIU,?].@_]"KN?C?_ ,DXE_Z^HOZUP7P!;/BK5.?^71?_ $*MHO\
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MQY_\8-+U#6? KVFFVDEU<FXC81QC)Q7'?!3PUKNB>(]1FU/2[BTBDM@J-(N
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MC\:UA1@44 (1R:Q;?2YX;NTEW)MC+&50.I/0BMRDP*  4M%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
910 4444 %%%% !1110 4444 %%%% '__V0$!

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