13D Filing: Viex Capital Advisors, Llc and Maxwell Technologies Inc (NASDAQ:MXWL)

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Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended
to add the following:

Item 4 is incorporated
herein by reference.

Series One has sold
short in over the counter market American-style put options, referencing 62,300 Shares, which have an exercise price of $5.00 per
Share and expire on September 15, 2017. VSO II has sold short in over the counter market American-style put options, referencing
951,400 Shares, which have an exercise price of $5.00 per Share and expire on September 15, 2017. VSO III has sold short in over
the counter market American-style put options, referencing 32,500 and 100,000 Shares, which each have an exercise price of $5.00
per Share and expire on June 16, 2017 and September 15, 2017, respectively. The Reporting Persons do not have any control over
the exercise of the aggregate put options, and as such, are not deemed to beneficially own the aggregate 1,146,200 Shares underlying
the put options.

Item 7. Material to be Filed as Exhibits.

Item 7 is hereby
amended to add the following exhibit:

99.1 Agreement dated April 10, 2017 by and among Maxwell Technologies, Inc., VIEX Capital Advisors, LLC
and the other parties signatory thereto.
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