Page 8 of 12 – SEC Filing respective purchases of Shares. The
aggregate amount of the funds used in making the purchases was approximately $6.5-7 million.
Item 4. Purpose
of Transaction.
The Shares
disclosed herein were acquired for investment purposes. The reporting persons do not have any present plan or proposal which
would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D. The reporting
persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including,
without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions
in the securities markets and general economic and industry conditions, the reporting persons may in the future take such
actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing
additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction
with respect to the Shares or changing their intention with respect to any and all matters referred to in Item 4.
Item 5. Interests
in Securities of the Issuer.
Provide the following information regarding
the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
(a) Amount beneficially owned and percent of class: See
items 11 and 13 of the cover pages. (b) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See items 7-10 of the cover pages. (ii) Shared power to vote or to direct the vote: See items 7-10 of the cover pages. (iii) Sole power to dispose or to direct the disposition of: See items 7-10 of the cover pages. (iv) Shared power to dispose or to direct the disposition of: See items 7-10 of the cover pages. (c) Transactions within the past 60 days: See Exhibit A. All transactions took place via a security exchange.
Mr. Morris Bawabeh and
Mrs. Dolly Bawabeh, husband and wife, jointly own 500,000 Shares with rights of survivorship.
Kulayba LLC, a
limited liability company of which Mr. Morris Bawabeh is the sole member, held 372,470 Shares on February 1, 2016, and from
that date to the date of this filing acquired an additional 475,957 Shares.
Gates Equities, a general
partnership of which Mr. Morris Bawabeh is a partner, holds 300,003 Shares.
Morris Bawabeh, Dolly
Bawabeh, Kulayba LLC and Gates Equities have entered into a Joint Filing Agreement attached hereto as Exhibit B.
Page 8 of 12
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respective purchases of Shares. The
aggregate amount of the funds used in making the purchases was approximately $6.5-7 million.
Item 4. Purpose
of Transaction.
The Shares
disclosed herein were acquired for investment purposes. The reporting persons do not have any present plan or proposal which
would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D. The reporting
persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including,
without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions
in the securities markets and general economic and industry conditions, the reporting persons may in the future take such
actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing
additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction
with respect to the Shares or changing their intention with respect to any and all matters referred to in Item 4.
Item 5. Interests
in Securities of the Issuer.
Provide the following information regarding
the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
| (a) | Amount beneficially owned and percent of class: See items 11 and 13 of the cover pages. | ||
| (b) | Number of shares as to which such person has: | ||
| (i) | Sole power to vote or to direct the vote: See items 7-10 of the cover pages. | ||
| (ii) | Shared power to vote or to direct the vote: See items 7-10 of the cover pages. | ||
| (iii) | Sole power to dispose or to direct the disposition of: See items 7-10 of the cover pages. | ||
| (iv) | Shared power to dispose or to direct the disposition of: See items 7-10 of the cover pages. | ||
| (c) | Transactions within the past 60 days: See Exhibit A. All transactions took place via a security exchange. | ||
Mr. Morris Bawabeh and
Mrs. Dolly Bawabeh, husband and wife, jointly own 500,000 Shares with rights of survivorship.
Kulayba LLC, a
limited liability company of which Mr. Morris Bawabeh is the sole member, held 372,470 Shares on February 1, 2016, and from
that date to the date of this filing acquired an additional 475,957 Shares.
Gates Equities, a general
partnership of which Mr. Morris Bawabeh is a partner, holds 300,003 Shares.
Morris Bawabeh, Dolly
Bawabeh, Kulayba LLC and Gates Equities have entered into a Joint Filing Agreement attached hereto as Exhibit B.
| Page 8 of 12 |
