0000880242
2025-01-01
2025-12-31
0000880242
2026-04-29
0000880242
2025-06-30
shares
iso4217:USD
FY
2025
--12-31
true
0000880242
10-K/A
Amendment No. 1
true
2025-12-31
false
000-19709
BIOLARGO, INC.
DE
65-0159115
14921 Chestnut St.
Westminster
CA
92683
888
400-2863
Common Stock
BLGO
No
No
Yes
Yes
Non-accelerated Filer
true
false
false
false
false
63071415
320883262
true
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:-72pt;"> </p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 72pt;text-indent:-72pt;"><b><a href="#" id="executive" title="executive"></a>ITEM 11.</b> <b> EXECUTIVE COMPENSATION </b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;"><span style="text-decoration: underline; "><b>Executive Compensation</b></span></p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The following table sets forth all compensation earned for services rendered to our Company in all capacities for the fiscal years ended December 31, 2025, and 2024, by our principal executive officer and our three most highly compensated executive officers other than our principal executive officer, collectively referred to as the “Named Executive Officers.”</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -36pt; text-indent: 36pt;"><b>Summary Compensation Table</b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">
<tbody><tr>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Name and Principal Positions</b></p>
</td>
<td style="vertical-align:bottom;width:0.9%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Year</b></p>
</td>
<td style="vertical-align:bottom;width:0.9%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Salary</b></p>
</td>
<td style="vertical-align:bottom;width:2.6%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Stock Awards(1)</b></p>
</td>
<td style="vertical-align:bottom;width:0.9%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Option Awards(1)</b></p>
</td>
<td style="vertical-align:bottom;width:2%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>All other Compensation</b></p>
</td>
<td style="vertical-align:bottom;width:2%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Total</b></p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Dennis P. Calvert,</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Chairman, Chief Executive Officer and President</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2024</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 288,603</p>
</td>
<td style="vertical-align:top;width:2.6%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(2)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 29,349</p>
</td>
<td style="vertical-align:top;width:2%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(3)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 317,952</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2025</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">288,603</p>
</td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">29,187</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 317,790</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Kenneth R. Code,</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Chief Science Officer</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2024</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 288,603</p>
</td>
<td style="vertical-align:top;width:2.6%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(4)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 12,600</p>
</td>
<td style="vertical-align:top;width:2%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(3)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 301,203</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2025</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">288,603</p>
</td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">12,600</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 301,203</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Charles K. Dargan</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Chief Financial Officer</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2024</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">233,850</p>
</td>
<td style="vertical-align:top;width:2%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(5)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 233,850</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2025</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">217,962</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 217,962</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Joseph Provenzano,</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;"> </td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Corporate Secretary; President ONM Environmental, Inc</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2024</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 193,772</p>
</td>
<td style="vertical-align:top;width:2.6%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(6)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:top;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 67,679</p>
</td>
<td style="vertical-align:top;width:2%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(7)</sup></p>
</td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 261,451</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:39.7%;"> </td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">2025</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">199,772</p>
</td>
<td style="vertical-align:middle;width:2.6%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:0.9%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">38,212</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:8.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 237,984</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">________________________</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(1)</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Our Company recognizes compensation expense for stock option awards on a straight-line basis over the applicable service period of the award, which is the vesting period. Share-based compensation expense is based on the grant date fair value estimated using the Black-Scholes method. The amounts in the “Stock Awards” and “Option Awards” columns reflect the aggregate fair value of awards of stock or options calculated as of the grant date if the award is fully vested at grant date. These amounts do not represent cash paid to or realized by any of the recipients during the years indicated.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(2)</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal years 2024 and 2025 the employment agreement for Mr. Calvert provided for a base salary of $288,603, other compensation for health insurance and an automobile allowance. During fiscal year 2025, Mr. Calvert agreed to forego $116,650 of cash compensation due to him and accept 663,581 shares of our common stock in lieu thereof, at a price range of $0.16 - $0.20 per share. See “<span style="text-decoration: underline; ">Employment Agreements</span><span style="text-decoration: underline; ">—</span><span style="text-decoration: underline; ">Dennis Calvert</span>” and “<span style="text-decoration: underline; ">Outstanding Equity Awards at Fiscal Year-End</span>” below for more details.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Includes health insurance premiums, an automobile allowance, and bonus.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(4)</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal years 2024 and 2025 the employment agreement for Mr. Code provided for a base salary of $288,603 and other compensation of $12,600. During fiscal year 2024, Mr. Code agreed to forego $9,450 of cash compensation due to him and accept 41,087 shares of our common stock in lieu thereof, at $0.23 per share. During fiscal year 2025, Mr. Code agreed to forego $120,952 of cash compensation due to him and accept 686,063 shares of our common stock in lieu thereof, at a price range of $0.17 - $0.28 per share. See “<span style="text-decoration: underline; ">Employment Agreements</span><span style="text-decoration: underline; ">—</span><span style="text-decoration: underline; ">Kenneth R. Code</span>” and “<span style="text-decoration: underline; ">Outstanding Equity Awards at Fiscal Year-End</span>” below for more details.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(5)</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Our Chief Financial Officer, Charles K. Dargan II, did not receive any cash compensation during the fiscal years 2024 and 2025. During fiscal year 2024, Mr. Dargan received options to purchase 1,000,000 shares of our common stock. These options are a qualified stock option vested upon issuance, exercisable at a range of $0.24 - $0.27 per share, the closing price of our common stock on the grant date. During fiscal year 2025, Mr. Dargan received options to purchase 1,305,882 shares of our common stock. These options are a qualified stock option vested upon issuance, exercisable at a range of $0.17 - $0.25 per share, the closing price of our common stock on the grant date. The value set forth in the table reflects the fair value of the options issued. See “<span style="text-decoration: underline; ">Employment Agreements</span><span style="text-decoration: underline; ">—</span><span style="text-decoration: underline; ">Charles K. Dargan II</span>” and “<span style="text-decoration: underline; ">Outstanding Equity Awards at Fiscal Year-End</span>” below for more details.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(6)</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal years 2024 and 2025, the employment agreement for Mr. Provenzano provided for a base salary of $193,997 and $199,772, respectively, and other compensation for health insurance and automobile allowance. See “<span style="text-decoration: underline; ">Employment Agreements </span><span style="text-decoration: underline; ">–</span><span style="text-decoration: underline; "> </span><span style="text-decoration: underline; ">Joseph Provenzano</span>” and “<span style="text-decoration: underline; ">Outstanding Equity Awards at Fiscal Year-End</span>” below for more details.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(7)</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Includes health insurance premiums, and automobile allowance. During fiscal year 2024, Mr. Provenzano also received $50,000 as a bonus.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt;"><b>Employment Agreements</b></p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt;"><b><i><span style="text-decoration: underline; ">Dennis P. Calvert</span></i></b></p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">On May 2, 2017, we entered into an employment agreement with our President and Chief Executive Officer Dennis P. Calvert (the “Calvert Employment Agreement”), replacing in its entirety the previous employment agreement with Mr. Calvert dated April 30, 2007.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Calvert Employment Agreement provides that Mr. Calvert will continue to serve as the President and Chief Executive Officer of the Company and receive base compensation equal to his current rate of pay of $288,603 annually. In addition to this base compensation, the agreement provides that he is eligible to participate in incentive plans, stock option plans, and similar arrangements as determined by the Company’s Board of Directors, health insurance premium payments for himself and his immediate family, a car allowance of $800 per month, paid vacation of four weeks per year, and bonuses in such amount as the Compensation Committee may determine from time to time.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Calvert Employment Agreement provides that Mr. Calvert will be granted an option (the “Option”) to purchase 3,731,322 shares of the Company’s common stock. The Option shall be a non-qualified stock option, exercisable at $0.45 per share, which represents the market price of the Company’s common stock as of the date of the agreement, exercisable for ten years from the date of grant and vesting in equal increments over five years. Notwithstanding the foregoing, any portion of the Option which has not yet vested shall be immediately vested in the event of, and prior to, a change of control, as defined in the Calvert Employment Agreement. The agreement also provides for a grant of 1,500,000 shares of common stock, subject to the execution of a “lock-up agreement” whereby the shares remain unvested unless and until the earlier of (i) a sale of the Company, (ii) the successful commercialization of the Company’s products or technologies as demonstrated by its receipt of at least $3,000,000 in cash, or the recognition of $3,000,000 in revenue, over a 12-month period from the sale of products and/or the license of technology, and (iii) the Company’s breach of the employment agreement resulting in his termination. The Option contains the other terms standard in option agreements issued by the Company, including provisions for a cashless exercise.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Calvert Employment Agreement has a term of five years, unless earlier terminated in accordance with its terms; Mr. Calvert continues to serve as the Company’s President and Chief Executive Officer. The Calvert Employment Agreement provides that Mr. Calvert’s employment may be terminated by the Company due to his death or disability, for cause, or upon a merger, acquisition, bankruptcy or dissolution of the Company. “Disability” as used in the Calvert Employment Agreement means physical or mental incapacity or illness rendering Mr. Calvert unable to perform his duties on a long-term basis (i) as evidenced by his failure or inability to perform his duties for a total of 120 days in any 360-day period, or (ii) as determined by an independent and licensed physician whom Company selects, or (iii) as determined without recourse by the Company’s disability insurance carrier. “Cause” means that Mr. Calvert has (i) engaged in willful misconduct in connection with the Company’s business; or (ii) been convicted of, or plead guilty or <i>nolo contendere</i> in connection with, fraud or any crime that constitutes a felony or that involves moral turpitude or theft. If Mr. Calvert’s employment is terminated due to merger or acquisition, then he will be eligible to receive the greater of (i) one year’s compensation plus an additional one-half year for each year of service since the effective date of the employment agreement or (ii) one year’s compensation plus an additional one half year for each year remaining in the term of the agreement. Otherwise, he is only entitled to receive compensation due through the date of termination.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Calvert Employment Agreement requires Mr. Calvert to keep certain information confidential, not to solicit customers or employees of the Company or interfere with any business relationship of the Company, and to assign all inventions made or created during the term of the Calvert Employment Agreement as “work made for hire”.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"><b><i><span style="text-decoration: underline; ">Kenneth R. Code</span></i></b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">We entered into an employment agreement dated as of April 29, 2007 with Mr. Code, our Chief Science Officer (the “Code Employment Agreement”), which we amended on December 28, 2012 such that his salary will remain at $288,603, the level paid in April 2012, with no further automatic increases. The Code Employment Agreement can automatically renew for one year periods on April 29th of each year but may be terminated “without cause” at any time upon 120 days’ notice, and upon such termination, Mr. Code would not receive the severance originally provided for. All other terms in the 2007 agreement remain the same in the Code Employment Agreement.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">In addition, Mr. Code will be eligible to participate in incentive plans, stock option plans, and similar arrangements as determined by our board of directors. When such benefits are made available to our senior employees, Mr. Code is also eligible to receive health insurance premium payments for himself and his immediate family, a car allowance of $800 per month, paid vacation of four weeks per year plus an additional two weeks per year for each full year of service during the term of the agreement up to a maximum of 10 weeks per year, life insurance equal to three times his base salary and disability insurance.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Code Employment Agreement further requires Mr. Code to keep certain information confidential, not to solicit customers or employees of our Company or interfere with any business relationship of our Company, and to assign all inventions made or created during the term of the Code Employment Agreement as “work made for hire”.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"><b><i><span style="text-decoration: underline; ">Charles K. Dargan II</span></i></b></p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">Charles K. Dargan, II has served as our Chief Financial Officer since February 2008 pursuant to an engagement agreement with his company, CFO 911, that has been renewed each year.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">On August 13, 2024, we and Mr. Dargan agreed to extend the term of his engagement agreement dated February 1, 2008 (the “Engagement Agreement”, which had been previously extended multiple times), pursuant to which Mr. Dargan has been and continues to serve as our Chief Financial Officer. The Engagement Extension Agreement dated August 13, 2024 (the “2024-2025 Agreement”) commenced February 1, 2024, and expired January 31, 2025 (the “2024-25 Term”). As the compensation for the 2024-25 Term, Mr. Dargan was issued an option to purchase 300,000 shares of the Company’s common stock (this issuance is included in footnote (4) to the Summary Compensation Table above). The option vests over the period of the 2024-2025 Extended Term in monthly installments of 25,000 shares, so long as the agreement is in full force and effect. The option is exercisable at $0.24 per share, the closing price of BioLargo’s common stock on the August 13, 2024, grant date, expires ten years from the grant date, and was issued pursuant to the Company’s 2024 Equity Plan. The option is Mr. Dargan’s sole compensation for the 2024-25 Term. As was the case in all prior terms of his engagement, there is no cash component of his compensation for the 2024-25 Term. Mr. Dargan is eligible to be reimbursed for business expenses he incurs in connection with the performance of his services as the Company’s Chief Financial Officer (although he has made no such requests for reimbursement in the past). The 2024-25 Agreement includes a provision that it automatically renews upon its January 31, 2025 expiration, and each expiration thereafter, unless terminated. All other provisions of the Engagement Agreement not expressly amended pursuant to the 2024-25 Agreement remain the same, including provisions regarding indemnification and arbitration of disputes. Upon each renewal of the agreement, Mr. Dargan will be issued an option to purchase 300,000 shares, at an exercise price equal to the closing price of the Company’s common stock on the prior business day, vesting over one year.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">On January 31, 2025, the 2024-25 Agreement with Mr. Dargan automatically extended for a one-year period to expire January 31, 2026 (the “2025-26 Term”). As the sole compensation for the 2025-26 Term, Mr. Dargan was issued an option to purchase 300,000 shares of the Company’s common stock. The option vests over the period of the 2025-26 Term in monthly installments of 25,000 shares, so long as the agreement is in full force and effect. The option is exercisable at $0.2536 per share, the closing price of BioLargo’s common stock on the last trading day of January 2025, expires ten years from the grant date, and was issued pursuant to the Company’s 2024 Equity Plan.</p>
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<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">On January 31, 2026, the 2024-25 Agreement with Mr. Dargan automatically extended for a one-year period to expire January 31, 2027 (the “2026-27 Term”). As the sole compensation for the 2026-27 Term, Mr. Dargan was issued an option to purchase 300,000 shares of the Company’s common stock. The option vests over the period of the 2026-27 Term in monthly installments of 25,000 shares, so long as the agreement is in full force and effect. The option is exercisable at $0.179 per share, the closing price of BioLargo’s common stock on the last trading day of January 2026, expires ten years from the grant date, and was issued pursuant to the Company’s 2024 Equity Plan.</p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 8pt;text-indent:36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"> </p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 36pt;"><b><i><span style="text-decoration: underline; ">Joseph L. Provenzano</span></i></b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">Mr. Provenzano has served as Vice President of Operations since January 1, 2008, in addition to continuing to serve as our Corporate Secretary. On May 28, 2019, the Compensation Committee of the Board of Directors approved the terms of a new employment agreement for Mr. Provenzano, and granted to him an incentive stock option to purchase 1,000,000 shares of the Company’s common stock pursuant to the terms of the Company’s 2018 Equity Plan. As set forth in the 2018 Equity Plan, the exercise price of the option is equal to the closing price of the Company’s common stock on the May 28 grant date at $0.17 per share. The shares in the option vested in five in equal increments over five years, and the option may be exercised for up to ten years following the grant date. Notwithstanding the foregoing, any portion of the option which has not yet vested shall be immediately vested in the event of, and prior to, a change of control, as defined in the Provenzano Employment Agreement. The option contains the other terms standard in option agreements issued by the Company, including provisions for a cashless exercise. On May 28, 2019, the Compensation Committee also granted Mr. Provenzano a restricted stock unit of 500,000 shares of common stock, subject to the execution of a “lock-up agreement” whereby the shares remain unvested unless and until the earlier of (i) a sale of the Company, (ii) the successful commercialization of the Company’s products or technologies as demonstrated by its receipt of at least $3,000,000 in cash, or the recognition of $3,000,000 in revenue, over a 12-month period from the sale of products and/or the license of technology, and (iii) the Company’s breach of the employment agreement resulting in his termination. On June 18, 2019, the other terms of his employment agreement were finalized and a document fully executed. Although fully executed on June 18, 2019, the employment agreement is effective as of May 28, 2019, to reflect the option grant date.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Provenzano Employment Agreement provides that Mr. Provenzano will serve as our Executive Vice President of Operations, as well as the President and Chief Executive Officer of our wholly owned subsidiary ONM. Mr. Provenzano’s base compensation will remain at his current rate of $170,000 annually. In addition to this base compensation, the agreement provides that he is eligible to participate in incentive plans, stock option plans, and similar arrangements as determined by our Board of Directors, health insurance premium payments for himself and his immediate family, a car allowance covering the expenses of his personal commercial grade truck which the Company uses in Company operations on a continual basis, paid vacation of four weeks per year, and bonuses in such amount as the Compensation Committee may determine from time to time.</p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Provenzano Employment Agreement has a term of five years. His employment under the terms of the agreement have continued after its termination. The Provenzano Employment Agreement provides that Mr. Provenzano’s employment may be terminated by the Company due to his death or disability, for cause, or upon a merger, acquisition, bankruptcy or dissolution of the Company. “Disability” as used in the Provenzano Employment Agreement means physical or mental incapacity or illness rendering Mr. Provenzano unable to perform his duties on a long-term basis (i) as evidenced by his failure or inability to perform his duties for a total of 120 days in any 360-day period, or (ii) as determined by an independent and licensed physician whom Company selects, or (iii) as determined without recourse by the Company’s disability insurance carrier. “Cause” means that Mr. Provenzano has (i) engaged in willful misconduct in connection with the Company’s business; or (ii) been convicted of, or plead guilty or nolo contendere in connection with, fraud or any crime that constitutes a felony or that involves moral turpitude or theft. If Mr. Provenzano’s employment is terminated due to merger or acquisition, then he will be eligible to receive the greater of (i) one year’s compensation plus an additional one-half year for each year of service since the effective date of the employment agreement or (ii) one year’s compensation plus an additional one-half year for each year remaining in the term of the agreement. Otherwise, he is only entitled to receive compensation due through the date of termination.</p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The Provenzano Employment Agreement requires Mr. Provenzano to keep certain information confidential, not to solicit customers or employees of the Company or interfere with any business relationship of the Company, and to assign all inventions made or created during the term of the Provenzano Employment Agreement as “work made for hire”.</p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><b>Outstanding Equity Awards at Fiscal Year-End</b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The following table sets forth information regarding unexercised stock options and equity incentive plan awards for each of the Named Executive Officers outstanding as of December 31, 2025. All stock or options that were granted to the Named Executive Officers during fiscal year 2025 have fully vested.</p>
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<td colspan="2" style="border-bottom:solid 1px #000000;vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Number of </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Securities </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Underlying </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Unexercised </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Options (#) </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Exercisable</b></p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td colspan="2" style="border-bottom:solid 1px #000000;vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Number of </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Securities </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Underlying</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Unexercised </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Options (#) </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Unexercisable</b></p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td colspan="2" style="border-bottom:solid 1px #000000;vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Equity</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Incentive</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Plan</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Awards: </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Number of </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Securities </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Underlying </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Unexercised </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Unearned</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Options</b></p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td colspan="2" style="border-bottom:solid 1px #000000;vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Option </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Exercise</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Price</b></p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td colspan="2" style="border-bottom:solid 1px #000000;vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Share Price </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>on Grant </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Date</b></p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Option</b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Expiration </b></p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Date</b></p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Dennis P. Calvert</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">3,731,322</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.45</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.45</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 2, 2027</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">65,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 19, 2029</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">50,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">343,571</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Charles K. Dargan II</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.69</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.69</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">February 10, 2027</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.39</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.39</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">December 31, 2027</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">January 16, 2029</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">79,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 19, 2029</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">400,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.21</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.21</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">February 25, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">27,500</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.21</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.21</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">February 25, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">25,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">214,286</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">5,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.16</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.16</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">June 30, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">5,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 30, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">2,500</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 30, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">50,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 30, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">7,500</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.12</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.12</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">December 31, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.23</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.23</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">March 17, 2031</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">32,500</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 21, 2031</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">127,500</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.23</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.23</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">March 31, 2032</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">150,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">June 30, 2032</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">205,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.17</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.17</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">December 28, 2032</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.20</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.20</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">March 31, 2033</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">500,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">July 17, 2033</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">700,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.24</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.24</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">June 23, 2034</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.21</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.21</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">August 13, 2034</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">300,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.25</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.25</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">February 1, 2035</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">1,005,882</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.17</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.17</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 30, 2035</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Kenneth R. Code</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">65,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 19, 2029</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">343,571</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Joseph Provenzano</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">78,947</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.45</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.45</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">October 23, 2027</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">1,000,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">39,860</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">39,860</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.17</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.17</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 28, 2029</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">32,500</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 18, 2029</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">50,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">202,110</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.14</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 1, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">74,051</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.15</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">September 30, 2030</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">50,000</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.18</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">May 21, 2031</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">38,584</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.22</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">January 3, 2032</p>
</td>
</tr>
<tr>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">124,051</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">--</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.23</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">$</p>
</td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">0.23</p>
</td>
<td style="vertical-align:bottom;width:auto;"> </td>
<td style="vertical-align:bottom;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">March 31, 2032</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"> </p>
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><span style="text-decoration: underline; "><b>Director Compensation</b></span></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">Each director who is not an officer or employee of our Company receives a quarterly retainer of $15,000, and committee chairpersons receive an additional $3,750 per quarter. In lieu of cash payments, on the last day of each calendar quarter, each director is issued an option to purchase our common stock at an exercise price equal to the closing price of the Company’s common stock on the last trading day of the quarter. The number of shares purchasable under each option is the dollar amount owed to the director divided by the exercise price of the option.</p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">The following table sets forth information for fiscal year 2025, regarding compensation of our non-employee directors. Directors employed by the Company do not receive any additional compensation for serving as a director.</p>
<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">
<tbody><tr>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:44.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Name</b></p>
</td>
<td style="vertical-align:bottom;width:2%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Fees Earned or Fees Paid in Cash</b></p>
</td>
<td style="vertical-align:bottom;width:1%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Option Awards<sup style="vertical-align:top;line-height:120%;">(1)</sup></b></p>
</td>
<td style="vertical-align:bottom;width:2.8%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Non-Equity Incentive Plan Compensation</b></p>
</td>
<td style="vertical-align:bottom;width:1%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>All Other Compensation</b></p>
</td>
<td style="vertical-align:bottom;width:1%;"> </td>
<td style="border-bottom:solid 1px #000000;vertical-align:bottom;width:9.3%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Total</b></p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:44.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Dennis E. Marshall</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">127,856</p>
</td>
<td style="vertical-align:top;width:2.9%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(2)</sup></p>
</td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.3%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 127,856</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:44.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Jack B. Strommen</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">52,440</p>
</td>
<td style="vertical-align:top;width:2.9%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(3)</sup></p>
</td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.3%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 52,440</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:44.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Christina Bray</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">65,550</p>
</td>
<td style="vertical-align:top;width:2.9%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(4)</sup></p>
</td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.3%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 65,550</p>
</td>
</tr>
<tr>
<td style="vertical-align:middle;width:44.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Linda Park</p>
</td>
<td style="vertical-align:middle;width:2%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ — </p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">65,550</p>
</td>
<td style="vertical-align:top;width:2.9%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><sup style="vertical-align:top;line-height:120%;">(5)</sup></p>
</td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.4%;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">—</p>
</td>
<td style="vertical-align:middle;width:1%;"> </td>
<td style="vertical-align:middle;width:9.3%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;">$ 65,550</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">
<tbody><tr>
<td style="vertical-align:top;width:4%;">(1)</td>
<td style="vertical-align:top;width:auto;">Dollar amounts represent the fair-value of the options issued.</td>
</tr>
<tr>
<td style="vertical-align:top;width:4%;"> </td>
<td style="vertical-align:top;width:auto;"> </td>
</tr>
<tr>
<td style="vertical-align:top;width:4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(2)</p>
</td>
<td style="vertical-align:top;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal year 2025, Mr. Marshall earned director fees of $18,750 each quarter, for a total of $75,000, which amount included compensation for serving as Chairman of the Audit Committee. This amount was paid quarterly by the issuance of stock options to Mr. Marshall in lieu of cash payment, with an aggregate fair value of $65,550, as follows: (i) on March 31, 2025, an option to purchase 66,694 shares of our common stock at $0.28 per share, (ii) on June 30, 2025, an option to purchase 93,750 shares of our common stock at $0.21 per share, (iii) on September 30, 2025, an option to purchase 110,294 shares of our common stock at $0.17 per share, and (iv) on December 30, 2025, an option to purchase 101,736 shares of our common stock at $0.18 per share. Additionally, pursuant to a program put in place by our Board of Directors, during fiscal year 2025, Mr. Marshall was issued options to purchase an aggregate 333,942 shares of our common stock at exercise prices between $0.18 - $0.28 per share, with an aggregate fair value of $62,306, to replace options that expired during the year. The amount in the table above reflects the aggregate fair value of the foregoing options.</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">
<tbody><tr>
<td style="vertical-align:top;width:4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(3)</p>
</td>
<td style="vertical-align:top;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal year 2025, Mr. Strommen earned director fees of $15,000 each quarter, for a total of $60,000. This amount was paid quarterly by the issuance of stock options to Mr. Strommen in lieu of cash payment, with an aggregate fair value of $52,440, as follows: (i) on March 31, 2025, an option to purchase 53,571 shares of our common stock at $0.28 per share, (ii) on June 30, 2025, an option to purchase 75,000 shares of our common stock at $0.21 per share, (iii) on September 30, 2025, an option to purchase 88,235 shares of our common stock at $0.17 per share, and (iv) on December 30, 2025, an option to purchase 81,389 shares of our common stock at $0.18 per share. The amount in the table above reflects the aggregate fair value of the foregoing options.</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">
<tbody><tr>
<td style="vertical-align:top;width:4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(4)</p>
</td>
<td style="vertical-align:top;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal year 2025, Ms. Bray earned director fees of $18,750 each quarter, for a total of $75,000, which amount included compensation for serving as Chairman of the Nominating/Corporate Governance Committee. This amount was paid quarterly by the issuance of stock options to Ms. Bray in lieu of cash payment, with an aggregate fair value of $65,550, as follows: (i) on March 31, 2025, an option to purchase 66,694 shares of our common stock at $0.28 per share, (ii) on June 30, 2025, an option to purchase 93,750 shares of our common stock at $0.21 per share, (iii) on September 30, 2025, an option to purchase 110,294 shares of our common stock at $0.17 per share, and (iv) on December 30, 2025, an option to purchase 101,736 shares of our common stock at $0.18 per share. The amount in the table above reflects the aggregate fair value of the foregoing options.</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">
<tbody><tr>
<td style="vertical-align:top;width:4%;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(5)</p>
</td>
<td style="vertical-align:top;width:auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">In fiscal year 2025, Ms. Park earned director fees of $18,750 each quarter, for a total of $75,000, which amount included compensation for serving as Chairman of the Compensation Committee. This amount was paid quarterly by the issuance of stock options to Ms. Park in lieu of cash payment, with an aggregate fair value of $65,550, as follows: (i) on March 31, 2025, an option to purchase 66,694 shares of our common stock at $0.28 per share, (ii) on June 30, 2025, an option to purchase 93,750 shares of our common stock at $0.21 per share, (iii) on September 30, 2025, an option to purchase 110,294 shares of our common stock at $0.17 per share, and (iv) on December 30, 2025, an option to purchase 101,736 shares of our common stock at $0.18 per share. The amount in the table above reflects the aggregate fair value of the foregoing options.</p>
</td>
</tr>
</tbody></table>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt;"><b>Limitation of Liability and Indemnification Matters</b></p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">As permitted by the Delaware general corporation law, we have included a provision in our certificate of incorporation to eliminate the personal liability of our directors for monetary damages for breach of their fiduciary duties as directors, except for liability (i) for any breach of the director’s duty of loyalty to our Company, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under section 174 of the Delaware general corporation law or (iv) for any transaction from which the director derived an improper personal benefit. Our certificate of incorporation also provides that our Company shall, to the full extent permitted by section 145 of the Delaware general corporation law, as amended from time to time, indemnify all persons whom it may indemnify pursuant thereto. In addition, our Bylaws provide that we are required to indemnify our officers and directors even when indemnification would otherwise be discretionary, and we are required to advance expenses to our officers and directors as incurred in connection with proceedings against them for which they may be indemnified.</p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">We have entered into indemnification agreements with our officers and directors containing provisions that are in some respects broader than the specific indemnification provisions contained in the Delaware general corporation law. The indemnification agreements require us to indemnify our officers and directors against liabilities that may arise by reason of their status or service as officers and directors other than for liabilities arising from willful misconduct of a culpable nature, to advance their expenses incurred as a result of any proceeding against them as to which they could be indemnified, and to obtain our directors’ and officers’ insurance if available on reasonable terms.</p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">We have obtained directors’ and officers’ liability insurance in amounts comparable to other companies of our size and in our industry.</p>
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;">No pending litigation or proceeding involving a director, officer, employee or other agent of our Company currently exists as to which indemnification is being sought. We are not aware of any threatened litigation that may result in claims for indemnification by any director, officer, employee or other agent of our Company.</p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;"> </p>
<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 0pt;"> </p>
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;"> </p>
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
false