Page 7 of 9 – SEC Filing * This Schedule 13G is being jointly filed
by (i) PWAM, a Delaware limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted company that
is the holder of 339,517 shares of Common Stock and (b) PWPI, a Cayman Islands exempted company that is the holder of 37,563 shares
of Common Stock of the Company, as reported on this Schedule 13G; (ii) PWIMF; and (iii) Mr. Park, as the sole member and manager
of PWAM.
The 377,080 shares of Common Stock held in the aggregate
by the PW Funds, which constitutes approximately 6.2% of the shares of Common Stock of the Company deemed issued and outstanding
as of September 13, 2018, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and
PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.
The foregoing beneficial ownership
percentage is based upon 6,095,962 shares of Common Stock of the Company, issued and outstanding as of August 24, 2018, based on
information reported by the Company in its Definitive Proxy Statement on Schedule 14A, as amended, filed with the Securities and Exchange Commission
on August 31, 2018.
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Ownership of More Than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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* This Schedule 13G is being jointly filed
by (i) PWAM, a Delaware limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted company that
is the holder of 339,517 shares of Common Stock and (b) PWPI, a Cayman Islands exempted company that is the holder of 37,563 shares
of Common Stock of the Company, as reported on this Schedule 13G; (ii) PWIMF; and (iii) Mr. Park, as the sole member and manager
of PWAM.
The 377,080 shares of Common Stock held in the aggregate
by the PW Funds, which constitutes approximately 6.2% of the shares of Common Stock of the Company deemed issued and outstanding
as of September 13, 2018, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and
PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.
The foregoing beneficial ownership
percentage is based upon 6,095,962 shares of Common Stock of the Company, issued and outstanding as of August 24, 2018, based on
information reported by the Company in its Definitive Proxy Statement on Schedule 14A, as amended, filed with the Securities and Exchange Commission
on August 31, 2018.
| Item 5. Ownership of Five Percent or Less of a Class | |
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] | |
| Item 6. Ownership of More Than Five Percent on Behalf of Another Person | |
| Not Applicable. | |
| Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person | |
| Not Applicable. | |
| Item 8. Identification and Classification of Members of the Group | |
| Not Applicable. | |
| Item 9. Notice of Dissolution of Group | |
| Not Applicable. | |
| Item 10. Certification | |
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. | |
