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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="border-top: Black 4pt solid; font-size: 1pt; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Washington, D.C. 20549</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>FORM
S-1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933</B></FONT></P>

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    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in; width: 100%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 24pt"><B>4DMED,
    LTD.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name
    of registrant as specified in its charter)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in; width: 31%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; text-indent: 0in; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in; width: 32%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8099</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; text-indent: 0in; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in; width: 31%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>82-2523472</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
    or jurisdiction of incorporation or<BR>
    organization)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Primary
    Standard Industrial<BR>
    Classification Code Number)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S.
    Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>11/F
    Capital Centre,</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>151
    Gloucester Road, Wanchai,</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Hong
    Kong</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(852)
    93841733</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address,
    including zip code, and telephone number, including area code, of Registrant&#146;s principal executive offices)</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Resident
    Agency National</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4650
    Wedekind Road, #2</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Sparks,
    Nevada 89431</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(775)
    882-7549</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>With
    a copy to:</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Lane
    &amp; Associates, P.A.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>c/o
    Paul Camp Lane</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5401
    S. Kirkman Road</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Suite
    310</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Orlando,
    FL 32819</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(407)
    316-0343</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name,
    address, including zip code, and telephone number, including area code, of agent for service)</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approximate
date of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933 check the following box:&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please
check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement
for the same offering. </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering. </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a&nbsp;non-accelerated&nbsp;filer, smaller
reporting company, or an emerging growth company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated
filer,&#148; &#147;smaller reporting company&#148; and &#147;emerging growth company&#148; in Rule&nbsp;12b-2&nbsp;of the
Exchange Act. (Check one):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large&nbsp;accelerated
    filer&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 63%"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated&nbsp;filer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 2%"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated
    filer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;(Do not check if a smaller reporting company)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller&nbsp;reporting&nbsp;company&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging&nbsp;growth&nbsp;company</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities
Act. </FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">x</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; white-space: nowrap; font-weight: bold; text-align: left">Title of Each Class of Securities to be Registered</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount to be<BR> Registered</TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-weight: bold; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Proposed<BR> Maximum<BR> Offering Price<BR> per Security(1) ($)</TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-weight: bold; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Proposed<BR> Maximum<BR> Aggregate<BR> Offering<BR> Price(1) ($)</TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-weight: bold; vertical-align: bottom">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount of<BR> Registration<BR> Fee ($)</TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-weight: bold; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; text-indent: 0in">Selling Shareholders</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">400,000</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1.00</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">400,000</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">51.92</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimated
solely for purposes of calculating the registration fee in accordance with Rule 457 of the Securities Act of 1933.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until
the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become
effective in accordance with section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective
on such date as the Securities and Exchange Commission, acting pursuant to said section 8(a), may determine.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information in this prospectus is not complete and may be amended. The Registrant may not sell these securities until the Registration
Statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities
and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SUBJECT
TO COMPLETION DATED ___________, 2019</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PRELIMINARY
PROSPECTUS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
LTD.<BR>
400,000 SHARES OF COMMON STOCK<BR>
OFFERING PRICE $1.00 PER SHARE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
prospectus relates to the offering (the Offering&#148;) of 400,000 shares of our common stock by our Selling Shareholders at
a fixed offering price of $1.00 per share until our shares are quoted on the Over-the-Counter Bulletin Board, and thereafter at
prevailing market prices or privately negotiated prices. We will pay all expenses incurred in this Offering (other than transfer
taxes), and the Selling Shareholders will receive all of the net proceeds from this Offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AN
INVESTMENT IN OUR SECURITIES IS SPECULATIVE. INVESTORS SHOULD BE ABLE TO AFFORD THE LOSS OF THEIR ENTIRE INVESTMENT. YOU SHOULD
CAREFULLY CONSIDER THE FACTORS DESCRIBED UNDER THE HEADING &#147;RISK FACTORS&#148; BEGINNING ON PAGE&nbsp;6 BEFORE INVESTING
IN OUR COMMON STOCK.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
to this Offering, there has been no public market for our common stock and we have not applied for the listing or quotation of
our common stock on any public market. We have arbitrarily determined the offering price of $1.00 per share in relation to this
Offering. The offering price bears no relationship to our assets, book value, earnings or any other customary investment criteria.
After the effective date of the registration statement, we intend to seek a market maker to file an application with the Financial
Industry Regulatory Authority (&#147;FINRA&#148;) to have our common stock quoted on the OTC Bulletin Board. We may never be
approved for trading on any exchange. We currently have no market maker who is willing to list quotations for our stock. There
is no assurance that an active trading market for our shares will develop or will be sustained if developed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
should rely only on the information contained in this prospectus. We have not authorized anyone to provide you with information
different from that contained in this Prospectus. The information contained in this prospectus is accurate only as of the date
of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our common shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The
Company is an emerging growth company under the Jumpstart Our Business Startups Act.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR
PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
date of this prospectus is _______, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TABLE
OF CONTENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>The
following table of contents has been designed to help you find information contained in this prospectus. We encourage you to read
the entire prospectus.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; white-space: nowrap; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Page</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; white-space: nowrap; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; white-space: nowrap; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; width: 92%; text-align: left; text-indent: -8.65pt"><A HREF="#a001_v1">PROSPECTUS SUMMARY</A></TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 5%; text-align: center; text-indent: 0in">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a002_v1">RISK FACTORS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a003_v1">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a004_v1">USE OF PROCEEDS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a005_v1">DILUTION</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a006_v1">DETERMINATION OF THE OFFERING PRICE</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a007_v1">DIVIDEND POLICY</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a008_v1">MARKET FOR OUR COMMON STOCK</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a009_v1">DESCRIPTION OF OUR BUSINESS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">12</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a010_v1">MANAGEMENT</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a011_v1">EXECUTIVE COMPENSATION</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">21</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a012_v1">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">21</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a013_v1">PRINCIPAL SHAREHOLDERS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a014_v1">PLAN OF DISTRIBUTION</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a015_v1">SELLING SHAREHOLDERS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">25</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a016_v1">DESCRIPTION OF SECURITIES</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">26</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a017_v1">SHARES ELIGIBLE FOR FUTURE SALE</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">26</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a018_v1">LEGAL MATTERS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a020_v1">EXPERTS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a021_v1">DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES LIABILITIES</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a022_v1">CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a023_v1">MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">28</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt"><A HREF="#a024_v1">FINANCIAL STATEMENTS</A></TD><TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: center; text-indent: 0in">F-1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; text-indent: 0in">&nbsp;</TD></TR>
</TABLE>




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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a001_v1"></A>PROSPECTUS
SUMMARY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Prospectus and any supplement to this Prospectus include &#147;forward-looking statements&#148;. To the extent that the
information presented in this Prospectus discusses financial projections, information or expectations about our business
plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are
forward-looking. Such forward-looking statements can be identified by the use of words such as &#147;intends&#148;,
&#147;anticipates&#148;, &#147;believes&#148;, &#147;estimates&#148;, &#147;projects&#148;, &#147;forecasts&#148;,
&#147;expects&#148;, &#147;plans&#148; and &#147;proposes&#148;. Although we believe that the expectations reflected in these
forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could
cause actual results to differ materially from such forward-looking statements. These include, among others, the cautionary
statements in the &#147;Risk Factors&#148; section beginning on page 6 of this Prospectus and the &#147;Management&#146;s
Discussion and Analysis of Financial Position and Results of Operations&#148; section beginning on page 28  of this
Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
summary only highlights selected information contained in greater detail elsewhere in this Prospectus. This summary does not contain
all of the information that you should consider before investing in our common stock. You should carefully read the entire Prospectus,
including &#147;Risk Factors&#148; beginning on page 6, and the consolidated financial statements, before making an investment
decision.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Corporate
Background and Business Overview</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMed,
Ltd. (&#147;4DMed&#148;, the &#147;Company&#148; &#147;we&#148; or &#147;us&#148;) is a development stage company. We
were incorporated under the laws of the state of Nevada on November, 2016. We are a medical software and medical device development
company that intends to design, patent, and market a medical virtual reality operating system with integrated, customary haptic
and position sensing interfaces for the health care education research, software and medical device markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Hong Kong business office is located at 11/F, Capital Centre, 151 Gloucester Road, Wanchai, Hong Kong. This office is provided
to us by our Chief Executive Officer, President and Director, Yuen May Cheung, at no cost to our Company. Our telephone number
is (852) 93841733.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have one (1) executive officer, Yuen May Cheung, our Chief Executive Officer and President, Chief Financial Officer and Secretary.
Our two (2) Directors are Yuen May Cheung and Hau Tin Cheung.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are a development stage company that has generated no revenues and has had limited operations to date. At June 30, 2020, the
Company had not yet recorded any revenues, has working capital of $132,969 and has an accumulated deficit of $3,676,041. As
of June 30, 2020, we had $4,319,153 in current assets and current liabilities of $35,581. Through June 30, 2020, we have
issued an aggregate of 25,250,703 shares of our common stock since our inception. We issued 21,000,000 shares of our common
stock to one (1) founding shareholder for services. We issued a total of 4,250,703 shares to 188 separate accredited foreign
shareholders from July 20, 2017 through August 5, 2020, pursuant to private placements of our common stock exempt from
registration under Regulation S of the Securities Act of 1933, for total proceeds of approximately $7,508,324.26. Since our
inception we have not made any significant purchase or sale of assets, nor have we been involved in any mergers, acquisitions
or consolidations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Due
to the uncertainty of our ability to meet our current operating and capital expenses, our independent auditors have included a
going concern opinion in their report on our audited financial statements for the period December 31, 2019. The notes to our financial
statements contain additional disclosure describing the circumstances leading to the issuance of a going concern opinion by our
auditors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Implications
of Being an Emerging Growth Company</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a company with less than $1 billion in revenue in our last fiscal year, we are defined as an &#147;emerging growth company&#148;
under the Jumpstart Our Business Startups (&#147;JOBS&#148;) Act. We will retain &#147;emerging growth company&#148; status
until the earliest of:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
last day of the fiscal year during which our annual revenues are equal to or exceed $1 billion;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
last day of the fiscal year following the fifth anniversary of our first sale of common stock pursuant to a registration statement
filed under the Securities Act of 1933, as amended, which we refer to in this document as the Securities Act;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
date on which we have issued more than $1 billion in nonconvertible debt in a previous three-year period; or</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
date on which we qualify as a large accelerated filer under Rule 12b-2 adopted under the Securities Exchange Act of 1934, as amended
(the &#147;Exchange Act&#148;) (i.e., an issuer with a public float of $700 million that has been filing reports with the U.S.
Securities and Exchange Commission (&#147;SEC&#148;) under the Exchange Act for at least 12 months).</FONT></TD>
</TR></TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
an emerging growth company, we may take advantage of specified reduced disclosure and other requirements that are otherwise applicable
generally to SEC reporting companies. For so long as we remain an emerging growth company we will not be required to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">have
an auditor report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Wall Street
Reform and Consumer Protection Act of 2002;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">comply
with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation
or a supplement to the auditor&#146;s report providing additional information about the audit and the financial statements (i.e.,
an auditor discussion and analysis);</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">submit
certain executive compensation matters to stockholder non-binding advisory votes;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">submit
for stockholder approval golden parachute payments not previously approved;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">disclose
certain executive compensation related items, as we will be subject to the scaled disclosure requirements of a smaller reporting
company with respect to executive compensation disclosure; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">present
more than two years of audited financial statements and two years of selected financial data in this registration statement and
future filings, instead of the customary three years for audited financial statements and five years for selected financial data.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have not elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2)
of The JOBS Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
the worldwide market value of our common stock held by non-affiliates, or public float, is below $75 million, we are also a &#147;smaller
reporting company&#148; as defined under the Exchange Act. Some of the foregoing reduced disclosure and other requirements are
also available to us because we are a smaller reporting company and may continue to be available to us even after we are no longer
an emerging growth company under the JOBS Act but remain a smaller reporting company under the Exchange Act. As a smaller reporting
company we are not required to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">have
an auditor report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">present
more than two years of audited financial statements in our registration statements and annual reports on Form 10-K and present
any selected financial data in such registration statements and annual reports.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Summary
of the Offering</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 28%; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    of common stock being offered by the Registrant:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">400,000
    shares (the &#147;Maximum Offering&#148;) of the Selling Shareholder&#146;s common stock.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Offering
    price:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$1.00
    per share of common stock.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number
    of shares outstanding before the Offering:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
    of August 5, 2020, we had 25,250,703 shares of our common stock issued and outstanding, and no issued and outstanding
    convertible securities.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Number
    of shares outstanding after the Offering</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,250,703
    if all of the shares being offered are sold</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Market
    for the common stock:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
    is no public market for our common stock. After the effective date of the registration statement of which this prospectus
    is a part, we intend to seek a market maker to file an application on our behalf to have our common stock quoted on the Over-the-Counter
    Bulletin Board. We may never be approved for trading on any exchange. We currently have no market maker who is willing to
    list quotations for our stock. There is no assurance that a trading market for our stock will develop be sustained if developed</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Use
    of Proceeds:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
    proceeds to the Company.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risk
    Factors:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
    the &#147;Risk Factors&#148; beginning on page 6 and the other information in this prospectus for a discussion of the factors
    you should consider before deciding to invest in shares of our common stock.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dividend
    Policy:</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
    have not declared or paid any dividends on our common stock since our inception, and we do not anticipate paying any such
    dividends for the foreseeable future.</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Summary
Financial Data</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following summary financial information for the period from January 1, 2019, through June 30, 2020, includes statement of expenses
and balance sheet data from our audited financial statements. The information contained in this table should be read in conjunction
with &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operation&#148; and the financial
statements and accompanying notes included in this prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Statement
of Operations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Period from<BR> January 1,<BR> 2019 To<BR> December 31,<BR> 2019</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Six Months<BR> Ended June<BR> 30, 2020<BR> (Unaudited)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; text-indent: 0in">Revenues</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">0</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0in">Total expenses</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,336,135</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(799,080</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0in">Net loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,336,135</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(799,080</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Balance
Sheet Data</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 55%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">June 30, 2020<BR> (Unaudited)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; text-align: left; text-indent: 0in">Total assets</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">4,319,153</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0in">Total liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">35,581</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: 0in">Total liabilities and stockholders&#146; equity (deficit)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">4,319.153</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a002_v1"></A>RISK
FACTORS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>An
investment in our common stock involves a high degree of risk. You should carefully consider the following risk factors and other
information in this prospectus before deciding to invest in our Company. If any of the following risks actually occur, our business,
financial condition, results of operations and prospects for growth could be seriously harmed. As a result, the trading price
of our common stock could decline and you could lose all or part of your investment.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Risks
Relating to Our Business</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>There
is uncertainty regarding our ability to continue as a going concern, indicating the possibility that we may be required to curtail
or discontinue our operations in the future. If we discontinue our operations, you may lose all of your investment.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have incurred a net loss of ($799,080) for the six months ended June 30, 2020, and an accumulated deficit of $2,876,961 as of
June 30, 2020, and have completed only the preliminary stages of our business plan. We anticipate incurring additional losses
before realizing any revenues and will depend on additional financing in order to meet our continuing obligations and ultimately,
to attain profitability. The financial statements do not include any adjustments that might result from the uncertainty about
our ability to continue our business. If we are unable to obtain additional financing from outside sources and eventually produce
enough revenues, we may be forced to sell our assets, or curtail or discontinue our operations. If this happens, you could lose
all or part of your investment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
are in an early stage of development. If we are not able to develop our business as anticipated, we may not be able to generate
revenues or achieve profitability and you may lose your investment.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
were incorporated on November 2, 2016. We are in an early stage of development and have not earned any revenues to date. Our business
prospects are difficult to predict because of our limited operating history, early stage of development, and unproven business
strategy. For the six month period ending June 30, 2020, we have incurred accumulated net losses of ($799,080). We expect to continue
to incur operating losses for the foreseeable future, and such losses may be substantial. Given our history of operating losses,
we cannot assure you that we will be able to achieve or maintain operating profitability on an annual or quarterly basis or at
all. If we are unable to execute our business plan as anticipated, we may not be able to generate revenues or achieve profitability
and you may lose your investment.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
expect to suffer losses in the immediate future that may cause us to curtail or discontinue our operations.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
expect to incur operating losses in future periods. These losses will occur because we do not yet have any revenues to offset
the expenses associated with the development of our business operations, generally. We cannot guarantee that we will ever be successful
in generating revenues in the future. We recognize that if we are unable to generate revenues, we will not be able to earn profits
or continue operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful,
and we can provide investors with no assurance that we will generate any operating revenues or ever achieve profitable operations.
If we are unsuccessful in addressing these risks, our business will almost certainly fail.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
have limited sales and marketing experience, which increases the risk that our business will fail.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
officers, who will be responsible for marketing, have only nominal sales and marketing experience. There can be no assurance that
our efforts will be successful. Further, if our initial efforts to create a market are not successful, there can be no assurance
that we will be able to attract and retain qualified individuals with marketing and sales expertise to attract customer. Our future
success will depend, among other factors, upon whether our products and services can be sold at a profitable price and the extent
to which consumers acquire, adopt, and continue to use them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
may not be able to execute our business plan or stay in business without additional funding.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
ability to generate future operating revenues depends in part on whether we can obtain the financing necessary to implement our
business plan. We will likely require additional financing through the issuance of debt and/or equity in order to establish profitable
operations, and such financing may not be forthcoming. As widely reported, the global and domestic financial markets have been
extremely volatile in recent months. If such conditions and constraints continue or if there is no investor appetite to finance
our specific business, we may not be able to acquire additional financing through credit markets or equity markets. Even if additional
financing is available, it may not be available on terms favorable to us. At this time, we have not identified or secured sources
of additional financing. Our failure to secure additional financing when it becomes required will have an adverse effect on our
ability to remain in business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>If
our estimates related to future expenditures are erroneous or inaccurate, our business will fail and you could lose your entire
investment.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
success is dependent in part upon the accuracy of our management&#146;s estimates of our future cost expenditures for legal and
accounting services (including those we expect to incur as a publicly reporting company), for research and development, construction,
marketing, and for administrative expenses over the next twelve (12) months. If such estimates are erroneous or inaccurate, or
if we encounter unforeseen costs, we may not be able to carry out our business plan, which could result in the failure of our
business and the loss of your entire investment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
auditor has raised substantial doubts about our ability to continue as a going concern and if we are unable to continue our business,
our shares may have little or no value.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
ability to become a profitable operating company is dependent upon our ability to generate revenues and/or obtain financing adequate
to fulfill its research and market introduction activities, and achieving a level of revenues adequate to support our cost structure
has raised substantial doubts about our ability to continue as a going concern. We plan to attempt to raise additional equity
capital by selling shares, if necessary, through one or more private placement or public offerings. However, the doubts raised,
relating to our ability to continue as a going concern, may make our shares an unattractive investment for potential investors.
These factors, among others, may make it difficult to raise any additional capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
are a small company with limited resources relative to our competitors and we may not be able to compete effectively.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
competitors have longer operating histories, greater resources and name recognition, and a larger base of customers than we have.
As a result, these competitors will have greater credibility with our potential customers. They also may be able to adopt more
aggressive pricing policies and devote greater resources to the development, promotion, and sale of their services than we may
be able to devote to our services. Therefore, we may not be able to compete effectively and our business may fail.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The
loss of the services of any of our officers or our failure to timely identify and retain competent personnel could negatively
impact our ability to develop our website and sell our services.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
development of our business will continue to place a significant strain on our limited personnel, management, and other resources.
Our future success depends upon the continued services of our executive officer, Yuen May Cheung, our Chief Executive Officer,
President, and Chief Financial Officer, who is developing our business, and on our ability to identify and retain competent consultants
and employees with the skills required to execute our business objectives. The loss of the services of any of our officers or
our failure to timely identify and retain competent personnel could negatively impact our ability to develop our website and sell
our services, which could adversely affect our financial results and impair our growth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
Chief Executive Officer and Chief Financial Officer has conflicts of interest in that she has other time commitments that will
prevent her from devoting full-time to our operations, which may affect our operations.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
our Chief Executive Officer and Chief Financial Officer, Yuen May Cheung, only devote approximately fifty percent (50%) of her
full working time to operation and management of us, the implementation of our business plans may be impeded. Ms. Cheung has limited
time in which to devote to our operations, which may slow our operations and may reduce our financial results and as a result,
we may not be able to continue with our operations. Additionally, if Ms. Cheung became unable to handle her daily duties of the
Chief Executive Officer and Chief Financial Officer on her own, we may not be able to hire additional qualified personnel to replace
her in a timely manner. If this event should occur, we may not be able to reach profitability, which might result in the loss
of some or all of your investment in our common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
are subject to financing and interest rate exposure risks.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
future success depends on our ability to access capital markets and obtain financing on reasonable terms. Our ability to access
financial markets and obtain financing on commercially reasonable terms in the future is dependent on a number of factors, many
of which we cannot control, including changes in:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
credit rating;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">interest
rates;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
structured and commercial financial markets;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">market
perceptions of us and the oil and natural gas exploration and production industry; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">tax
burdens due to new tax laws.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
amounts due under our credit facility will bear interest at a variable rate. Any increases in our interest rates, or our inability
to access the debt or equity markets on reasonable terms, could have an adverse impact on our financial condition, results of
operations and growth prospects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Risks
Relating to Our Common Stock</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>There
is no active trading market for our common stock and if a market for our common stock does not develop, our investors will be
unable to sell their shares.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
has been no public market for our securities and there can be no assurance that an active trading market for the securities offered
herein will develop or be sustained after this Offering. After the effective date of the registration statement of which this
prospectus is a part, we intend to identify a market maker to file an application with the Financial Industry Regulatory Authority
(&#147;FINRA&#148;) to have our common stock quoted on the Over-the-Counter Bulletin Board. We must satisfy certain criteria
in order for our application to be accepted. We may never be approved for trading on any exchange. We do not currently have a
market maker willing to participate in this application process, and even if we identify a market maker, there can be no assurance
as to whether we will meet the requisite criteria or that our application will be accepted. Our common stock may never be quoted
on the Over-the-Counter Bulletin Board or a public market for our common stock may not materialize if it becomes quoted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
our securities are not eligible for initial or continued quotation on the Over-the-Counter Bulletin Board or if a public trading
market does not develop, purchasers of the common stock in this Offering may have difficulty selling or be unable to sell their
securities should they desire to do so, rendering their shares effectively worthless and resulting in a complete loss of their
investment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>If
we do not file a Registration Statement on Form 8-A to become a mandatory reporting company under Section 12(g) of the Securities
Exchange Act of 1934, we will continue as a reporting company and will not be subject to the proxy statement requirements, and
our officers, directors and 10% stockholders will not be required to submit reports to the SEC on their stock ownership and stock
trading activity, all of which could reduce the value of your investment and the amount of publicly available information about
us.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a result of this Offering as required under Section 15(d) of the Securities Exchange Act of 1934, we will file periodic reports
with the Securities and Exchange Commission once this registration statement is declared effective. Once this registration statement
is declared effective, we intend voluntarily to file a registration statement on Form 8-A which will subject us to all of the
reporting requirements of the 1934 Act. This will require us to file quarterly and annual reports with the SEC and will also subject
us to the proxy rules of the SEC. In addition, our officers, directors and 10% stockholders will be required to submit reports
to the SEC on their stock ownership and stock trading activity. We are not required under Section 12(g) or otherwise to become
a mandatory 1934 Act filer unless we have more than 500 shareholders and total assets of more than $10 million on March 31, 2020.
If we do not file a registration statement on Form 8-A, we will continue as a reporting company and will not be subject to the
proxy statement requirements of the 1934 Act, and our officers, directors and 10% stockholders will not be required to submit
reports to the SEC on their stock ownership and stock trading activity.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Because
we will be subject to &#147;penny stock&#148; rules once our shares are quoted on the Over-the-Counter Bulletin Board, the level
of trading activity in our stock may be reduced.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Broker-dealer
practices in connection with transactions in &#147;penny stocks&#148; are regulated by penny stock rules adopted by the Securities
and Exchange Commission. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered
on some national securities exchanges). The penny stock rules require a broker-dealer to deliver to its customers a standardized
risk disclosure document that provides information about penny stocks and the nature and level of risks in the penny stock market
prior to carrying out a transaction in a penny stock not otherwise exempt from the rules,. The broker-dealer also must provide
the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson
in the transaction, and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer&#146;s
presumed control over the market, and monthly account statements showing the market value of each penny stock held in the customer&#146;s
account. In addition, broker-dealers who sell these securities to persons other than established customers and &#147;accredited
investors&#148; must make a special written determination that the penny stock is a suitable investment for the purchaser and
receive the purchaser&#146;s written agreement to the transaction. Consequently, these requirements may have the effect of reducing
the level of trading activity, if any, in the secondary market for a security subject to the penny stock rules. If a trading market
does develop for our common stock, these regulations will likely be applicable, and investors in our common stock may find it
difficult to sell their shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Financial
Industry Regulatory Authority (FINRA) sales practice requirements may also limit your ability to buy and sell our stock, which
could depress our share price.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FINRA
rules require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that
the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional
customers, broker-dealers must make reasonable efforts to obtain information about the customer&#146;s financial status, tax
status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high
probability that speculative low priced securities will not be suitable for at least some customers. FINRA requirements make it
more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy
and sell our stock and have an adverse effect on the market for our shares, depressing our share price.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>State
securities laws may limit secondary trading, which may restrict the states in which you can sell the shares offered by this prospectus.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
you purchase shares of our common stock sold pursuant to this Offering, you may not be able to resell the shares in a certain
state unless and until the shares of our common stock are qualified for secondary trading under the applicable securities laws
of such state or there is confirmation that an exemption, such as listing in certain recognized securities manuals, is available
for secondary trading in such state. There can be no assurance that we will be successful in registering or qualifying our common
stock for secondary trading, or identifying an available exemption for secondary trading in our common stock in every state. If
we fail to register or qualify, or to obtain or verify an exemption for the secondary trading of, our common stock in any particular
state, the shares of common stock could not be offered or sold to, or purchased by, a resident of that state. In the event that
a significant number of states refuse to permit secondary trading in our common stock, the market for the common stock will be
limited which could drive down the market price of our common stock and reduce the liquidity of the shares of our common stock
and a stockholder&#146;s ability to resell shares of our common stock at all or at current market prices, which could increase
a stockholder&#146;s risk of losing some or all of his investment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
Company has a concentration of stock ownership and control, which may have the effect of delaying, preventing, or deterring a
change of control.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
common stock ownership is highly concentrated. Through ownership of shares of our common stock, three shareholders, Yuen May Cheung,
who is also our Chief Executive Officer, Chief Financial Officer and Director, beneficially owns approximately 83.2% of our total
outstanding shares of common stock before this Offering. As a result of the concentrated ownership of the stock, Ms. Cheung, who
owns 21,000,000 shares of our common stock, acting alone, will be able to control all matters requiring stockholder approval,
including the election of directors and approval of mergers and other significant corporate transactions. This concentration of
ownership may have the effect of delaying, preventing or deterring a change in control of our Company. It could also deprive our
stockholders of an opportunity to receive a premium for their shares as part of a sale of our company and it may affect the market
price of our common stock. Moreover, such concentration of our common stock in Ms. Cheung could create potential or actual conflicts
of interests detrimental to our stockholders and have a negative impact on our ability to maintain effective internal controls.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>If
quoted, the price of our common stock may be volatile, which may substantially increase the risk that you may not be able to sell
your shares at or above the price that you may pay for the shares.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Even
if our shares are quoted for trading on the Over-the-Counter Bulletin Board following this Offering and a public market develops
for our common stock, the market price of our common stock may be volatile. It may fluctuate significantly in response to the
following factors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">variations
in quarterly operating results;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
announcements of significant contracts and achievement of milestones;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">our
relationships with other companies or capital commitments;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">additions
or departures of key personnel;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">sales
of common stock or termination of stock transfer restrictions;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
in financial estimates by securities analysts, if any; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">fluctuations
in stock market price and volume.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Your
inability to sell your shares during a decline in the price of our stock may increase losses that you may suffer as a result of
your investment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The
stock market has experienced extreme price and volume fluctuations and if we face a class action suit due to the volatility of
the price of our common stock, regardless of the outcome, such litigation may have an adverse impact on our financial condition
and business operations.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
market price of the securities offered herein, if any, may decline below the initial public offering price. The stock market has
experienced extreme price and volume fluctuations. In the past, securities class action litigation has often been instituted against
various companies following periods of volatility in the market price of their securities. If instituted against us, regardless
of the outcome, such litigation would result in substantial costs and a diversion of management&#146;s attention and resources,
which would increase our operating expenses and affect our financial condition and business operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Because
we do not intend to pay any dividends on our common stock; holders of our common stock must rely on stock appreciation for any
return on their investment.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have not declared or paid any dividends on our common stock since our inception, and we do not anticipate paying any such dividends
for the foreseeable future. Accordingly, holders of our common stock will have to rely on capital appreciation, if any, to earn
a return on their investment in our common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Any
future additional issuances of our common stock may result in immediate dilution to existing shareholders.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are authorized to issue up to 75,000,000 shares of common stock, of which 25,250,703 shares are issued and outstanding as of the
date of this prospectus. Our Board of Directors has the authority, without the consent of any of our stockholders, to cause us
to issue additional shares of common stock, and to determine the rights, preferences and privileges attached to such shares. The
sale of our common stock pursuant to this prospectus, and any future additional issuances of our common stock will result in immediate
dilution to our existing shareholders&#146; interests, which may have a dilutive impact on our existing shareholders, and could
negatively affect the value of your shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>We
have not voluntarily implemented various corporate governance measures, in the absence of which, shareholders may have more limited
protections against interested director transactions, conflicts of interest and similar matters.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recent
federal legislation, including the Sarbanes-Oxley Act of 2002, has resulted in the adoption of various corporate governance measures
designed to promote the integrity of the corporate management and the securities markets. Some of these measures have been adopted
in response to legal requirements; others have been adopted by companies in response to the requirements of national securities
exchanges, such as the NYSE or the NASDAQ Stock Market, on which their securities are listed. Among the corporate governance measures
that are required under the rules of national securities exchanges and NASDAQ, are those that address the board of Directors independence,
audit committee oversight, and the adoption of a code of ethics. While our Board of Directors has adopted a Code of Ethics and
Business Conduct, we have not yet adopted any of these corporate governance measures, and since our securities are not listed
on a national securities exchange or NASDAQ, we are not required to do so. It is possible that if we were to adopt some or all
of these corporate governance measures, shareholders would benefit from somewhat greater assurances that internal corporate decisions
were being made by disinterested directors and that policies had been implemented to define responsible conduct. For example,
in the absence of audit, nominating and compensation committees comprised of at least a majority of independent directors, decisions
concerning matters such as compensation packages to our senior officers and recommendations for director nominees, may be made
by a majority of directors who have an interest in the outcome of the matters being decided. Prospective investors should bear
in mind our current lack of corporate governance measures in formulating their investment decisions.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a003_v1"></A>CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>This
prospectus contains forward-looking statements and information relating to our business that are based on our beliefs, on assumptions
made by us, or upon information currently available to us. These statements reflect our current views and assumptions with respect
to future events and are subject to risks and uncertainties. Forward-looking statements are often identified by words like: &#147;believe,&#148;
&#147;expect,&#148; &#147;estimate,&#148; &#147;anticipate,&#148; &#147;intend,&#148; &#147;project&#148; and similar
expressions or words which, by their nature, refer to future events. In some cases, you can also identify forward-looking statements
by terminology such as &#147;may,&#148; &#147;will,&#148; &#147;should,&#148; &#147;plans,&#148; &#147;predicts,&#148;
&#147;potential&#148; or &#147;continue&#148; or the negative of these terms or other comparable terminology. These statements
are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section
entitled Risk Factors beginning on page 6, that may cause our or our industry&#146;s actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of activity, performance or achievements expressed
or implied by these forward-looking statements. In addition, you are directed to factors discussed in the Management&#146;s Discussion
and Analysis of Financial Condition and Results of Operation section beginning on page 28 and the section entitled &#147;Description
of Our Business&#148; beginning on page&nbsp;12, and as well as those discussed elsewhere in this prospectus. Other factors include,
among others: general economic and business conditions; industry capacity; industry trends; competition; changes in business strategy
or development plans; project performance; availability, terms, and deployment of capital; and availability of qualified personnel.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>These
forward-looking statements speak only as of the date of this prospectus. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. Except
as required by applicable law, including the securities laws of the United States, we expressly disclaim any obligation or undertaking
to disseminate any update or revisions of any of the forward-looking statements to reflect any change in our expectations with
regard thereto or to conform these statements to actual results.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a004_v1"></A>USE
OF PROCEEDS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company will receive no proceeds from this offering by the selling shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a005_v1"></A>DILUTION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
this is a selling shareholders offering there is no dilution in the price of the stock as a result of this registration.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a006_v1"></A>DETERMINATION
OF THE OFFERING PRICE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
is no established public market for our shares of common stock. The offering price of $1.00 per share was determined by us arbitrarily.
We believe that this price reflects the appropriate price that a potential investor would be willing to invest in our Company
at this initial stage of our development. This price bears no relationship whatsoever to our business plan, the price paid for
our shares by our founders, our assets, earnings, book value or any other criteria of value. The offering price should not be
regarded as an indicator of the future market price of the securities, which is likely to fluctuate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">See
&#147;Plan of Distribution&#148; for additional information.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a007_v1"></A>DIVIDEND
POLICY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have not paid any dividends since our incorporation and do not anticipate the payment of dividends in the foreseeable future.
At present, our policy is to retain any earnings to develop and market our services. The payment of dividends in the future will
depend upon, among other factors, our earnings, capital requirements, and operating financial conditions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a008_v1"></A>MARKET
FOR OUR COMMON STOCK</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Market
Information</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
is no established public market for our common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">After
the effective date of the registration statement of which this prospectus is a part, we intend to seek a market maker to file
an application with the Financial Industry Regulatory Authority, Inc., or FINRA, to have our common stock quoted on the Over-the-Counter
Bulletin Board. We will have to satisfy certain criteria in order for our application to be accepted. We do not currently have
a market maker who is willing to participate in this application process, and even if we identify a market maker, there can be
no assurance as to whether we will meet the requisite criteria or that our application will be accepted. Our common stock may
never be quoted on the Over-the-Counter Bulletin Board, or, even if quoted, a public market may not materialize. There can be
no assurance that an active trading market for our shares will develop, or, if developed, that it will be sustained.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have issued 25,250,703 shares of our common stock since our inception on November 2, 2016. There are no outstanding options, warrants,
or other securities that are convertible into shares of common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Holders</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
were 189 holders of record of our common stock as of August 5, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Securities
Authorized for Issuance under Equity Compensation Plans</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not have any compensation plan under which equity securities are authorized for issuance.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a009_v1"></A>DESCRIPTION
OF OUR BUSINESS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Overview</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Company
Summary</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMed,
Ltd. (&#147;4DMed&#148;, the &#147;Company&#148; &#147;we&#148; or &#147;us&#148;) is a development stage company. We
were incorporated under the laws of the state of Nevada on November, 2016. We are a medical software and medical device development
company that intends to design, patent, and market a medical virtual reality operating system with integrated, customary haptic
and position sensing interfaces for the health care education research, software and medical device markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are a development stage company that has generated no revenues and has had limited operations to date. At June 30, 2020, the
Company had not yet recorded any revenues, has working capital of $132,969 and has an accumulated deficit of $3,676,041. As
of June 30, 2020, we had $4,319,153 in current assets and current liabilities of $35,581. Through June 30, 2020, we have
issued an aggregate of 25,250,703 shares of our common stock since our inception. We issued 21,000,000 shares of our common
stock to one (1) founding shareholder for services. We issued a total of 4,250,703 shares to 188 separate accredited foreign
shareholders from July 20, 2017 through August 5, 2020, pursuant to private placements of our common stock exempt from
registration under Regulation S of the Securities Act of 1933, for total proceeds of approximately $7,508,324.26. Since our
inception we have not made any significant purchase or sale of assets, nor have we been involved in any mergers, acquisitions
or consolidations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Business
Overview</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Company
Mission, Vision and Values</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED&#146;s
<B><I>mission</I></B> is to create a medical Virtual Reality (VR) operating system that will provide top-notch training for medical
practitioners and learning institutions, and also make the provision of medical services, including surgeries, more available
and affordable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED&#146;s
<B><I>vision</I></B> is the placement of at least one of its VR operating systems in every hospital and medical clinic in which
surgeries are performed, and every medical school throughout the world.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED&#146;s
<B><I>values</I></B> are seen by the company to be critical to success. They are the strong foundation of the company, define
who the company is, and set it apart from all competitors. They underlie the company&#146;s vision of the future. These values
include:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Product
Quality</I></FONT></TD>
</TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED
acts with utmost responsibility, always seeking to meet or exceed expectations.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Teamwork</I></FONT></TD>
</TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED
acts as a team with all of its partners, committed to each other, and bound by trust and loyalty.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Integrity</I></FONT></TD>
</TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED
treats all of its partners, and all other stakeholders with dignity and respect and honesty. Ethical behavior, and integrity are
fundamental characteristics of its business conduct.</FONT></TD>
</TR></TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Implementaton
of Business Plan</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
intend to implement our business plan through four (4) divisions with our Company. These divisions are. MedVR, MedXR, MedSLS and
MedAI.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>MedVR</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
MedVR mission is to educate, motivate, and activate people to achieve the best possible health program for their environment and
it will be responsible for developing the educational component of 4DMED activities. We are currently developing two training
programs:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">One
is surgeon training to be given by senior, experienced trainers, the other creates medical simulation (&#147;SIM&#148;) environments
for training nurses or other junior trainees. In designing the 4DMED Simulator, the Company employs both the &#147;far&#148;
and &#147;close&#148; approaches - to make it easier for training in hospitals or universities. MedVR is also building a complete
anatomy library to support the VR program, with assistance from educational and clinical organizations around the globe.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>MedXR</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MedXR
will develop the treatment component of 4DMED activities. These will include virtual environments to clinically treat severe mental
and behavioral health problems including&hellip;drug and alcohol abuse, schizophrenia, post-traumatic stress disorder, mood disorders,
mild cognitive impairment, autism spectrum disorder, ADHD and others. MedXR creates experiences that activate cognitive, emotional
and physiological responses with the goal of improving health. These VR experiences empower individuals and lower the barriers
to good health with personalized content and treatment, by creating emotional regulation skills and stress resilience techniques.
MedXR has built a breakthrough, comprehensive platform for activating healthy behaviors and improving health outcomes. The platform
enables clinical organizations to extend their brand into new virtual patient care experiences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>MedSLS</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MedSLS
will create the hardware units for 4DMED. One of the first such products is the 4DMED Simulator which is being developed in concert
with a Swiss company. Trainees remain engaged and learn more quickly with the progressively more complex cases offered by the
VR program with the double screens that are a feature of the simulator&hellip;a first. Double screens can help the trainers to
get familiar with the surgery room and to working with the assistants<B>.</B> <FONT STYLE="">With simulator, techniques
complete procedures can be practiced again and again at increasing levels of difficulty, with thousands of new challenges, scenarios
and complications to make each experience unique. Each exercise is digitally recorded with detailed metrics, statistics and video
debriefing, providing both immediate and long-term skill development feedback.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MedSLS
is also working with a development company in Florida on a VR glove with which the trainer can feel more reality in the VR exercise.
The user&hellip;hospital or university&hellip;will have more choice and the trainers can &#145;feel their hands&#146; during
the VR application.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>MedAI</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MedAI
will be responsible for the surgical element of 4DMED activities. 4DMED software development kit (SDK) is the Company&#146;s
own proprietary product used to develop all of its surgical operations. Users can also use this proprietary SDK to create their
own applications, or other VR teaching applications together with support from the MedVR library program.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Streaming
interactive, cloud-based VR experiences over upcoming high-speed 5G mobile networks may be possible with a combination of a low
latency encoder and optimized client decoding. This will help to achieve VR experiences that deliver presence without simulation
sickness. 5G refers to the fifth generation of mobile networks. Currently, many countries have adopted 4G as the standard for
high-speed mobile data, allowing users to browse the web, stream media, and make video calls almost effortlessly. The next generation,
5G, will bring improvements to all of these areas<FONT STYLE="color: #444444">.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Corporate
Strategy</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Virtual
simulation technology has come a long way since the Sensorama Simulator was first introduced in 1962. Over the past few decades,
VR and simulation technology have become intertwined and implemented in various industries&hellip;in particular healthcare. Surgery
simulators have been invaluable for physician training, and hospitals have paid &hellip;and will continue to pay&hellip;large
sums of money for this specialized equipment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
visual simulation combined with force-feedback technology, the surgeon can experience both visual and physical feedback when practicing
a procedure. Companies developing cutting-edge simulators for the system. It is unlikely that current HMD technology will be able
to replace these sophisticated simulators, but the cost should come down with new sensor and display technologies now available.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beyond
surgery, VR is a cost-effective, safe and engaging method for clinical education and training of healthcare professionals, such
as nurses, physicians, surgeons, counsellors, dentists, paramedics and even patients. Practitioners can receive training on procedures,
techniques, equipment and patient interactions in a far more immersive and realistic environment than using traditional videos
and paperwork.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Training
in VR allows physicians a risk-free environment in which to practice life-saving procedures, particularly ones that are not commonly
performed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on the need to enhance rapid market penetration along with the distribution and adaptation of new medical technology 4DMED is
working to build up strategic associations with medical schools, medical software developers, and medical device manufacturers.
In view of its solid comprehension of the present market, 4DMED has already created integral arrangements, some which use patent
pending innovation which are set in place to serve as income producing answers to existing market needs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
of this will help 4DMED achieve its main goal to become the industry leader for developing, marketing, and licensing medical VR
technology.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
basic 4DMED strategy is embodied in our 4DMED.net program. 4DMED.net <FONT STYLE="color: #323C4B">is a joint </FONT>venture with
universities and hospitals around the world with a focus on developing program content. The components of the 4DMED strategy are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Content</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED.net
is a joint venture with universities and hospitals to develop content. The joint venturers include
hospitals in Asia such as Shanghai Hospital, Shanghai, China; Hungary University, Budapest, Hungary.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><IMG SRC="dm001_v1.jpg" ALT="(GRAPHICS)"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Cameras</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VR
cameras are differentiating themselves in a few ways &mdash; some are stereoscopic, and some don&#146;t have top and bottom cameras
or only cover 180<SUP>0</SUP>. Some can live stream, while others just record to disc. One new and interesting technology is volumetric
capture, where multiple cameras are arranged facing inward to capture video within an area as opposed to 360-degree cameras that
capture video from one point facing outward. The market is currently small but growing. There will be professional, prosumer,
and consumer camera rigs, but like the action camera market, there will be a couple of primary players for each target customer,
along with a number of cheaper knockoffs or highly specialized cameras. The market will likely only sustain a handful of manufacturers.
4DMED.net is currently evaluating potential partners for developing our cameras.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><IMG SRC="dm002_v1.jpg" ALT="(GRAPHICS)"></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Platforms</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Platforms
are the &#147;glue&#148; of VR. The companies that will succeed in this space are those that can build innovative and differentiated
value added features, along with a delivery mechanism.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><IMG SRC="dm003_v1.jpg" ALT="(GRAPHICS)"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>VR
Headsets</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
this point the VR Headset component is in a bit of turmoil with participating manufacturers not fully decided on how they are
going to approach the market. New features might give some headset manufacturers an edge (for example FOVE is supposed to include
eye tracking), but a good headset manufacturer needs plenty of funding in order to solve problems with the current headset devices.
Oculus and HTC are already likely planning version 2 of their headsets and, like the camera market, the dedicated headset market
will only sustain a limited number of manufacturers, unless they&#146;re niche products like medical applications. The next round
of VR headsets is likely to include higher resolutions, better head tracking, and better interaction between physical and virtual
environments (e.g. better controllers) &ndash; all of which will have high costs for the first players in this space. In addition,
mobile phone manufacturers will build ever more powerful devices, with higher-resolution displays, that will be used to power
VR headsets. While dedicated headsets are likely to provide a higher-end experience, every mobile phone user will potentially
have a VR-capable device. 4DMED has recognized this potential dilemma and is focused on overcoming it through careful adherence
to its values, its strategy and its keys to success.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0; "><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0; "><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><IMG SRC="dm004_v1.jpg" ALT="(GRAPHICS)"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0; "><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>The
Market</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
VR/AR healthcare market has been valued at approximately US$748.3 Million in 2017 and is anticipated to enjoy healthy growth over
the forecast period 2019-2026. The market is conservatively estimated to reach a value US$6.91 Billion by 2026, according to a
March 2019 publication by <I>Reports and Data</I>. This can be mainly associated with the increasing demand for innovative diagnostic
techniques, the presence of many more neurological disorders, and increasing disease awareness. The market is driven mainly by
applications in surgical simulation, diagnostic imaging, patient care management, rehabilitation and health management. The advancements
being made in the field of information technology such as computers of all types, internet connectivity and mobile applications,
are also a significant factor stimulating market demand.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
of the constant technological advancement of related products, prevalence of neurological &amp; psychological disorders, and presence
of a sophisticated healthcare infrastructure, the North America region accounts for the largest market share of 44.21% in 2018.
It is expected to retain the dominant position in 2026 but because of accelerating growth in other regions, its overall market
penetration will likely decrease.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
overall market is projected to grow at a compound annual growth rate (CAGR) of 16.2% in terms of value and reach US$6.91 billion
by 2026.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
software component is expected to grow at a CAGR of 15.4% during the forecast period.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
hardware component is expected to grow at a CAGR of 14.8% during the forecast period.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fully
immersive VR is projected to grow at a CAGR of 16.6% during the forecast period. Different medical training institutes have combined
fully immersive VR, with medical data and highly advanced medical simulation technologies,&nbsp;to enable modern medical education
and training globally. The adaptability offered by the institutions assist as a practical teaching tool today and will continue
to do in the future. This will serve as an excellent vehicle for promoting the development to the next level of medical practice.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
patient care management component is estimated to grow at a CAGR of 16.6 % during the forecast period and is expected to lead
the market for VR in the healthcare segment. The use of VR/AR in therapies and rehabilitation, including brain injury, stroke,
and physical therapy among others, will be a significant addition to the healthcare market.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
main market participants are:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">individuals
(retail customers) accounting for more than 90 percent of sales, and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">local
businesses (corporate customers) which, in terms of purchase orders, typically make larger orders for their employees and business
needs.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VR
technology is beneficial for not just doctors but also for patients; this technology offers great convenience to patients by enabling
them to visit physicians virtually. This has also driven the growth of healthcare VR. According to March 2019 <I>Reports and Data
</I>research, VR is ahead of AR because of the advanced offerings of VR technology. VR allows a person to experience their presence
inside a different world and interact with it in real time, whereas AR builds a visual world around but does not facilitate any
interaction with this world.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
are a lot of factors contributing to the growth of the</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;healthcare
VR/AR market<FONT STYLE="color: #222222">&nbsp;including new start-ups that are inclined towards capitalizing on highly prevalent
technology. With a positive growth approach of the global market these start-ups are widening their scope of VR/AR applications
by using this technology in new applications, thereby providing new functionalities in their products. As these start-ups continue
to increase, new products will keep getting developed, increasing the market numbers significantly. The easy availability of VR/AR
products, and the need to gain competitive advantage, mean that a growing number of companies has, or will, lower the prices of
products, making them affordable for healthcare providers.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">VR/AR
services are likely to witness higher demand compared to hardware and software and are expected to account for more than 42% share
of the total revenue by the end of 2026. Applications of healthcare VR/AR in the medical training segment will reportedly remain
the highest, followed by the surgery planning segment. They are anticipated to present the most lucrative opportunities in coming
years. Hospitals and clinics are foreseen to retain the top end-user position with more than 40% value share estimated by the
end of 2026, followed by medical research organizations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Competition</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
are many worldwide competitors for 4DMED in the VR arena. The following brief summaries of some of the larger, more well-known
companies focuses only on their activities in the healthcare industry. The list identifies a number of potential partners that
4DMED can work with to pursue its goals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Phillips
Healthcare (Netherlands)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Koninklijke
Philips N.V. (KPNV) was founded in 1891 and is headquartered in Amsterdam, the Netherlands. KPNV operates as a health technology
company worldwide. It operates through Diagnosis &amp; Treatment, Connected Care &amp; Health Informatics, and Personal Health
segments. The company offers mother, child-care, and oral healthcare products; male grooming and beauty products; food preparation
and home care products; and sleep and respiratory care. It provides diagnostic X-ray, integrated clinical, magnetic resonance
imaging, computed tomography, and molecular imaging solutions. The company also offers interventional X-ray systems, and imaging
and therapy devices for treatment of coronary artery and peripheral vascular disease; imaging products focus on diagnosis, treatment
planning, and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; and proprietary
software to enable diagnostics and intervention. Further, it provides patient monitoring solutions; patient analytics, precision
diagnosis, and clinical decision support systems; therapeutic care products; patient monitoring and therapeutic care consumables;
and customer services. Additionally, the company offers healthcare information technology, clinical, and visualization and quantification
informatics solutions for radiology, cardiology, and oncology departments; universal data management solutions, picture archiving
and communication systems, and integrated electronic medical record systems; clinical and hospital IT platforms; technology-enabled
monitoring and intervention, actionable program, cloud-based, and population health management software solutions. It also provides
digital frameworks that connect consumers, patients, and healthcare providers in a cloud-based connected health ecosystem of devices,
apps, and tools.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CAE
Healthcare (Canada)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAE
Healthcare is committed to improving clinical education and patient safety through simulation-based training solutions. With a
mission to Improve clinical competency and performance, we develop evidence-based curriculum and innovative learning technologies
for healthcare education.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Firsthand
Technology (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Firsthand
has helped pioneer VR as a digital therapeutic for pain and rehab, mental health, and promoting healthy lifestyles. The company
believes that VR has an Firsthand enormous potential to improve health and wellness.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EON
Reality (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EON
Reality is the world leader in Virtual and Augmented Reality based knowledge transfer for industry and education. EON believes
that knowledge is a human right, and its goal is to make knowledge available, affordable, and accessible for every human on the
planet. To do this, it is creating the next generation of Virtual and Augmented Reality tools to increase the world&#146;s knowledge
transfer capabilities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>GE
Healthcare (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GE
Healthcare expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance
improvement, drug discovery, and biopharmaceutical manufacturing technologies is helping clinicians around the world re-imagine
new ways to predict, diagnose, inform and treat disease, so their patients can live their lives to the fullest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Intuitive
Surgical Inc. (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intuitive
was founded in 1995 to create innovative, robotic-assisted systems that help empower doctors and hospitals to make surgery less
invasive than an open approach. Since da Vinci&reg;&nbsp;became one of the first robotic-assisted systems cleared by the FDA for
general laparoscopic surgery, it&#146;s taken robotic-assisted surgery from &#147;science fiction&#148; to reality. Working
with doctors and hospitals, Intuitive is continuing to develop new, minimally invasive surgical platforms and future diagnostic
tools, including VR, to help solve complex healthcare challenges around the world.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Medtronic
plc (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Medtronic
plc&nbsp;is the world&#146;s largest&nbsp;<U>medical device</U>&nbsp;company that generates the majority of its sales and profits from
the U.S. healthcare system. The company is a leading innovator of healthcare VR.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Mimic
Technologies Inc. (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mimic
has a proven programmatic approach that leverages &#147;best-in-class&#148; simulation, cloud-based data collection, advanced
analytics that enable objective decisions on privileging and credentialing and the latest VR techniques. By facilitating training
outside of the operating room, Mimic enables a rapid climb up the learning curve without wasting valuable OR time. Surgical quality
and efficiency are emphasized, while training costs and risk are minimized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Siemens
Healthineers (Germany)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Siemens
is a leading global healthcare company, which is continually refining and expanding its healthcare offerings, from medical imaging
and laboratory diagnostics, to consulting, healthcare IT, and VR development &ndash; as well as further technologies for therapeutic
and molecular diagnostics. It is very successful and has an abundance of capital to undertake its operations and research.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Surgical
Science AB (Sweden)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TeamSim<SUP>&reg;</SUP>&nbsp;is
a dynamic platform for inter-professional education development taking surgery simulation into the real-world. Using the validated
VR training system LapSim<SUP>&reg; </SUP>as base, the&nbsp;TeamSim<SUP>&reg;</SUP>&nbsp;package is the element that lifts a team
training to new levels and immerse into realistic surgery scenarios While innovations in laparoscopic surgical simulators have
made an incredible impact on individualized training, there has been a gap between the experience of a single professional standing
at the simulator and stepping into a collaborative OR staffed with multiple team members. TeamSim<SUP>&reg;</SUP>&nbsp;erases
that gap by giving the whole OR team the opportunity to practice and refine their communication and non-technical skills without
any patient risk.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Virtual
Realities (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Virtual
Realities is a leading world distributor of 3D peripheral products and output devices, software, and systems, primarily for the
educational and healthcare industries. Its primary goal is to deliver integrated turnkey solution with professional VR applications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Virtually
Better Inc. (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Virtually
Better has over 20 years&#146; experience developing VR to treat mental health disorders. Its corporate motto is &#147;Virtual
Reality for a Healthier You&#148; and it focuses on the VR environment almost exclusively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Vital
Images Inc. (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vital,
a Canon Group company, has a legacy of leadership in healthcare imaging using smart algorithms and VR techniques spanning 30 years.&nbsp;As
the premier provider of an enterprise imaging (EI) solution focused on interoperability, Vital transforms and seamlessly connects
disparate PACS and other data into an efficient, perceptive and interoperable EI solution. Through modular and scalable enterprise
message orchestration, enterprise visualization and enterprise analytics solutions, Vital&#146;s Vitrea&reg;&nbsp;Enterprise
Imaging solution makes data accessible across the entire enterprise anytime, anywhere, and in any standardized form.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Vuzix
Corporation (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vuzix
is a leading supplier of Smart-Glasses and AR technologies and products for the consumer and healthcare markets. The Company&#146;s
products include personal display and wearable computing devices that offer users a portable high-quality viewing experience,
provide solutions for mobility, wearable displays and both VR and AR. Vuzix holds 66 patents and 43 additional patents pending
and numerous IP licenses in the near-eye display field.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WorldViz
LLC (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WorldViz&nbsp;makes
virtual reality hardware and software for professionals, ranging from comprehensive development platforms to drag-and-drop VR
creation and collaboration tools. It has 17 years of building a VR knowledge base, creation VR projection systems. WorldViz is
an industry-leading provider of VR solutions for non-entertainment applications, primarily in the healthcare industry. It has
patent pending VR products used widely in that industry.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>zSpace
Inc. (USA)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">zSpace
provides an immersive learning platform for medical training, allowing students to examine virtual living body structures with
accurate anatomical representation, plan procedures and present findings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
foregoing is not intended to be an exhaustive list of 4DMED&#146;s competitors in the VR healthcare market. Nor is it intended
to focus on their history in the market, their financial strength or their respective position in the market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">What
it is intended to do is illustrate that there are many participants in the industry who provide products or services that are
complimentary to 4DMED&#146;s activities and may be able to be relied upon as a provider to help 4DMED achieve its goals. This
is consistent with the 4DMED strategy of using external partners as much as possible.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>SWAT
Analysis</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SWOT
is the acronym for &#147;Strengths, Weaknesses, Opportunities, Threats&#148;. The analysis is a framework used to evaluate a&nbsp;<U>company&#146;s
competitive position</U>&nbsp;and to develop strategic planning. SWOT analysis assesses internal and external factors, as well
as current and future potential.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
SWOT analysis for 4DMED looks like:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Strengths</I></B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Weaknesses</I></B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">relationship
    with medical and educational facilities</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in; width: 46%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">small
    &ndash; lack of financial resources</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">working
    with top end providers of products and services</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">no
    profile in VR industry</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">understand
    VR technology</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">no
    well-established base</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">understand
    VR market</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">small
    and focused</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">addressing
    all healthcare VR components</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Opportunities</I></B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Threats</I></B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">rapidly
    changing industry initiatives</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">large,
    financially secure competition</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">collaboration
    with industry participants</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">many
    participants in a &#147;hot&#148; industry</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increasing
    demand for VR</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">economic/political
    change</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increased
    pressure for healthcare provider cost reductions</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">lack
    of public funding for purchasers</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">pressure
    to reduce healthcare costs</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED
is admittedly small and has no strong profile in the VR industry yet compared to companies that are more stablished and better
funded. But we are also participating in an industry that appears to have an insatiable demand for VR products and processes where
there are opportunities for meaningful collaboration with well-established industry participants.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Healthcare
VR is largely paid for from the public purse in most environments and there are always pressures to reduce costs, coupled with
ongoing economic and political changes. Public funding is not always available, and expenditures get delayed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Property
and Facilities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not own or lease any real property or facilities. Our Hong Kong business office is located at 11/F, Capital Centre, 151 Gloucester
Road, Wanchai, Hong Kong. This office is provided to us by our Chief Executive Officer, President and Director, Yuen May Cheung,
at no cost to our Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dependence
on One or a Few Major Customers</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not anticipate dependence on one or a few major customers for at least the next twelve (12) months or the foreseeable future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Environmental
Regulations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Environmental
regulations have had no materially adverse effect on our operations to date, but no assurance can be given that environmental
regulations will not, in the future, result in a curtailment of service or otherwise have a materially adverse effect on our business,
financial condition or results of operation. Public interest in the protection of the environment has increased dramatically in
recent years. The trend of more expansive and stricter environmental legislation and regulations could continue. To the extent
that laws are enacted or other governmental action is taken that imposes environmental protection requirements that result in
increased costs, our business and prospects could be adversely affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Patents,
Trademarks and Licenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
currently do not have any patents or trademarks; and we are not party to any license, franchise, concession, or royalty agreements
or any labor contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Legal
Proceedings</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of the date of this prospectus, we know of no material pending legal proceedings to which we are a party or of which any of our
property is the subject. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered
or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Employees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
only employee is our one (1) executive officer.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a010_v1"></A>MANAGEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
name, age and position of each of our directors and executive officers are as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<B>Name</B></FONT></TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">Age</TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">Position</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 20%; text-align: left">Yuen May Cheung</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">54</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 44%; text-align: left">CEO, President, CFO, Secretary and Director</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Hau Tin Cheung</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: center">52</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Director</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Yuen
May Cheung, Age 54, Chief Executive Officer, President, Chief Financial Officer, Secretary and Director</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ms.
Cheung, is our founder and our Chief Executive Officer, President, Chief Financial Officer, Secretary and Director and has served
in in such capacities since our inception in November of 2016. Ms. Cheung currently devotes 50% of her working time to the management
and operations of our Company. Ms. Cheung was the co-founder of GuangNing ChangRong Bamboo &amp; Wood Handicraft Products Co.
Ltd, a factory and manufacturer, served as Director and owned by Ms. Cheung, since 2007, Ms. Cheung served as Director of Zhong
Cui Investments Ltd., a marketing company, owned by Ms. Cheung since 2006. Ms. Cheung also serves as President and sole Director
of AIFam, Ltd. Ms. Cheung provides hands-on leadership, strategic direction and operations management with a focus on business
development, exceptional quality management and fiscal accountability. Ms. Cheung attended Centennial College in Toronto, Canada
from 1989-1991 where she received a Certificate of Accounting, and she also attended Chui Hai College in Hong Kong from 1984-1988
where she received a degree in Business Management. Ms. Cheung has served as an officer and director of AIFarm. Ltd., a company
formerly required to file reports with the Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Hau
Tin Cheung, Age 52, Director</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
to 4DMed Ltd, Mr. Cheung was involved for over 20 years as a private investor, business man, and merchant banker, managing and
coordinating the financing of tens of millions of dollars of transaction proceeds, in numerous domestic and overseas business
opportunities, across diverse sectors of industries including; natural gas, oil, mining, pharmaceuticals and technology. Mr. Cheung
attended Centennial College in Toronto, Canada where he received a Certificate of Finance Management in 1990. Mr. Cheung does
not, and has not served as an officer or director of any other company required to file reports with the Securities and Exchange
Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Board
Composition</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Bylaws provide that the Board of Directors shall consist of no less than 1, but not more than 9 directors. Each director serves
until his successor is elected and qualified.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Committees
of the Board of Directors</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not presently have a separately constituted audit committee, compensation committee, nominating committee, executive committee
or any other committees of our Board of Directors. Nor do we have an audit committee &#147;financial expert.&#148; As such,
our entire Board of Directors acts as our audit committee and handles matters related to compensation and nominations of directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Potential
Conflicts of Interest</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
we do not have an audit or compensation committee comprised of independent directors, the functions that would have been performed
by such committees are performed by our directors. Thus, there is a potential conflict of interest in that our directors and officers
have the authority to determine issues concerning management compensation and audit issues that may affect management decisions.
We are not aware of any other conflicts of interest with any of our executives or directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Director
Independence</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are not subject to listing requirements of any national securities exchange or national securities association and, as a result,
we are not at this time required to have our board comprised of a majority of &#147;independent directors.&#148; Our determination
of independence of directors is made using the definition of &#147;independent director&#148; contained in Rule 4200(a) (15)
of the Marketplace Rules of the NASDAQ Stock Market (&#147;NASDAQ&#148;), even though such definitions do not currently apply
to us because we are not listed on NASDAQ. We have determined that none of our directors currently meet the definition of &#147;independent&#148;
as within the meaning of such rules as a result of their current positions as our executive officers.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Significant
Employees</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have no significant employees other than the executive officers/directors described above.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Family
Relationships</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yuen
May Cheung and Hau Tin Cheung are siblings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Involvement
in Certain Legal Proceedings</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
director, person nominated to become a director, executive officer, promoter or control person of our company has, during the
last ten years: (i) been convicted in or is currently subject to a pending a criminal proceeding (excluding traffic violations
and other minor offenses); (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to any federal or state securities or banking or commodities laws including, without limitation,
in any way limiting involvement in any business activity, or finding any violation with respect to such law, nor (iii) any bankruptcy
petition been filed by or against the business of which such person was an executive officer or a general partner, whether at
the time of the bankruptcy or for the two years prior thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Stockholder
Communications with the Board</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have not implemented a formal policy or procedure by which our stockholders can communicate directly with our Board of Directors.
Nevertheless, every effort has been made to ensure that the views of stockholders are heard by the Board of Directors or individual
directors, as applicable, and that appropriate responses are provided to stockholders in a timely manner. We believe that we are
responsive to stockholder communications, and therefore have not considered it necessary to adopt a formal process for stockholder
communications with our Board. During the upcoming year, our Board will continue to monitor whether it would be appropriate to
adopt such a process.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section
16(a) Beneficial Ownership Reporting Compliance</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16(a)
of the Securities Exchange Act of 1934 requires the Company directors and executive officers, and persons who own more than ten
percent of the Company&#146;s common stock, to file with the Securities and Exchange Commission initial reports of ownership
and reports of changes of ownership of our common stock. Officers, directors and greater than ten percent shareholders are required
by SEC regulation to furnish the Company with copies of all Section 16(a) forms they file. The Company intends to ensure to the
best of our ability that all Section 16(a) filing requirements applicable to its officers, directors and greater than ten percent
(10%) beneficial owners are complied with in a timely fashion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a011_v1"></A>EXECUTIVE
COMPENSATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have not paid since our inception, nor do we owe, any compensation to our executive officers or directors. There are no arrangements
or employment agreements with our executive officer or directors pursuant to which they will be compensated now or in the future
for any services provided as an executive officer, and we do not anticipate entering into any such arrangements or agreements
with them in the foreseeable future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Outstanding
Equity Awards</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not currently have a stock option plan or any long-term incentive plans that provide compensation intended to serve as
incentive for performance. No individual grants of stock options or other equity incentive awards have been made to any
executive officer or any director since our inception; accordingly, none were outstanding at August 5, 2020, and through the
date of this Report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Employment
Contracts, Termination of Employment, Change-in-Control Arrangements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
are currently no employments or other contracts or arrangements with our executive officers. There are no compensation plans or
arrangements, including payments to be made by us, with respect to our officers, directors or consultants that would result from
the resignation, retirement or any other termination of such directors, officers or consultants from us. There are no arrangements
for directors, officers, employees or consultants that would result from a change-in-control.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a012_v1"></A>CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
June 30, 2020, 4DMED Limited, a Hong Kong incorporated company under common control of the president of the Company, owed $4,186,184
to the Company, which is non-interest bearing, unsecured, and due on demand.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a013_v1"></A>PRINCIPAL
SHAREHOLDERS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth information regarding the beneficial ownership of our common stock as of August 5, 2020
for:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each
person, or group of affiliated persons, known by us to beneficially own more than 5% of our common stock;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each
of our executive officers;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each
of our directors; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">all
of our executive officers and directors as a group.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have determined beneficial ownership in accordance with the rules of the Securities and Exchange Commission. These rules generally
attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect
to those securities. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire
beneficial ownership within 60 days. Unless otherwise indicated, the persons or entities identified in this table have sole voting
and investment power with respect to all shares shown as beneficially owned by them, subject to applicable community property
laws, and the address for each person listed in the table is c/o 4DMed, Ltd. _________________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
percentage ownership information shown in the table below is calculated based on 25,250,703 shares of our common stock issued
and outstanding as of August 5, 2020. We do not have any outstanding options, warrants or other securities exercisable for or
convertible into shares of our common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="vertical-align: bottom; white-space: nowrap; border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 30%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title
    of Class of Beneficial<BR>
    Ownership</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"></TD>
    <TD STYLE="vertical-align: bottom; white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name
    of Beneficial Owner</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount
    and Nature</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage
    of<BR>
    Class</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common
    Stock</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yuen
    May Cheung</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,000,000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83.2%</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Direct</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>All
    officers and directors as a group</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,000,000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83.2%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control
of our Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not have any issued and outstanding securities that are convertible into common stock. None of our stockholders are entitled
to registration rights.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a014_v1"></A>PLAN
OF DISTRIBUTION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>There
Is No Current Market for Our Shares of Common Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
is currently no market for our shares of common stock. We cannot give you any assurance that the shares you purchase will ever
have a market or that if a market for our shares ever develops, that you will be able to sell your shares. In addition, even if
a public market for our shares develops, there is no assurance that a secondary public market will be sustained.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
shares you purchase are not traded or listed on any exchange or quotation medium. After the effective date of the registration
statement, we intend to seek a market maker to file an application with the Financial Industry Regulatory Authority, Inc., or
FINRA, to have our common stock quoted on the Over-the-Counter Bulletin Board. We will have to satisfy certain criteria in order
for our application to be accepted. We do not currently have a market maker who is willing to participate in this application
process, and even if we identify a market maker, there can be no assurance as to whether we will meet the requisite criteria or
that our application will be accepted. Our common stock may never be quoted on the Over-the-Counter Bulletin Board, or, even if
quoted, a public market may not materialize. There can be no assurance that an active trading market for our shares will develop,
or, if developed, that it will be sustained.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Over-the-Counter Bulletin Board is maintained by the Financial Industry Regulatory Authority, Inc. The securities traded on the
Over-the-Counter Bulletin Board are not listed or traded on the floor of an organized national or regional stock exchange. Instead,
these securities transactions are conducted through a telephone and computer network connecting dealers in stocks. Over-the-counter
stocks are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national
stock exchange.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Even
if our shares are quoted on the Over-the-Counter Bulletin Board, a purchaser of our shares may not be able to resell the shares.
Broker-dealers may be discouraged from effecting transactions in our shares because they will be considered penny stocks and will
be subject to the penny stock rules. Rules 15g-1 through 15g-9 promulgated under the Securities Exchange Act of 1934, as amended,
impose sales practice and disclosure requirements on brokers-dealers who make a market in a &#147;penny stock.&#148; A penny stock
generally includes equity securities (other than securities registered on some national securities exchanges) that have a market
price of less than $5.00 per share. Under the penny stock regulations, a broker-dealer selling penny stock to anyone other than
an established customer or &#147;accredited investor&#148; (generally, an individual with net worth in excess of $1,000,000 or
an annual income exceeding $200,000, or $300,000 together with his or her spouse) must make a special suitability determination
for the purchaser and must receive the purchaser&#146;s written consent to the transaction prior to sale, unless the broker-dealer
or the transaction is otherwise exempt. In addition, the penny stock regulations require the broker-dealer to deliver, prior to
any transaction involving a penny stock, a disclosure schedule prepared by the SEC relating to the penny stock market, unless
the broker-dealer or the transaction is otherwise exempt. A broker-dealer is also required to disclose commissions payable to
the broker-dealer and the registered representative and current quotations for the securities. Finally, a broker-dealer is required
to send monthly statements disclosing recent price information with respect to the penny stock held in a customer&#146;s account and
information with respect to the limited market in penny stocks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
additional sales practice and disclosure requirements imposed upon broker-dealers may discourage broker-dealers from effecting
transactions in our shares, which could severely limit the market liquidity of the shares and impede the sale of our shares in
the secondary market, assuming one develops.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>By
Selling Stockholders</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are registering shares of our common stock on behalf of the selling shareholders. The selling shareholders will offer and sell
the shares of our common stock to which this prospectus relates for their own accounts. We will not receive any proceeds from
the sale of those shares. We will pay all fees and expenses in connection with the registration of those shares. Fees and expenses
of any attorneys or other advisors retained by the selling shareholders in connection with the registration will be paid by the
selling shareholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
selling shareholders may sell some or all of their shares of our common stock registered hereby at a fixed price of $1.00 per
share. Prior to those prices being quoted on the OTCBB, the selling shareholders may sell their shares of our common stock registered
hereby in private transactions to other individuals. Although our common stock is not listed on a public exchange, we intend to
apply for participation on the OTCBB concurrently with the filing of this registration statement. In order to be quoted on the
OTCBB, a market maker must file an application on our behalf in order to make a market for our common stock. There can be no assurance
that a market maker will agree to file the necessary documents with FINRA, which operates the OTCBB, nor can there be any assurance
that such an application for quotation will be approved. However, sales by selling shareholders of their shares of our common
stock registered hereby must be made at the fixed price of $1.00 until the prices of our common stock are quoted on the OTCBB.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">When
prices for our common stock are quoted on the OTCBB, the shares of our common stock registered hereby may be sold or distributed
from time to time by the selling shareholders directly to one or more purchasers or through brokers or dealers who act solely
as agents, at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at negotiated
prices or at fixed prices, which may be changed. The distribution of those shares may be effected in one or more of the following
methods:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ordinary
brokers transactions, which may include long or short sales;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">transactions
involving cross or block trades on any securities or market where our common stock is trading;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">through
direct sales to purchasers or sales effected through agents;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">through
transactions in options, swaps or other derivatives (whether exchange listed or otherwise); or</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
combination of the foregoing;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the selling shareholders may enter into hedging transactions with broker-dealers who may engage in short sales, if short
sales were permitted, of those shares in the course of hedging the positions they assume with the selling stockholders. The selling
shareholders may also enter into option or other transactions with broker-dealers that require the delivery by such broker-dealers
of those shares, which shares may be resold thereafter pursuant to this prospectus. To our best knowledge, none of the selling
shareholders are broker-dealers or affiliates of broker dealers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
will inform the selling shareholders that the anti-manipulation rules of Regulation M under the Securities Exchange Act of 1934
may apply to sales of those shares in the market and to the activities of the selling shareholders and their affiliates. In addition,
we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling shareholders
for the purpose of satisfying the prospectus delivery requirements of the Securities Act of 1933. The selling shareholders may
indemnify any broker-dealer that participates in transactions involving the sale of those shares against certain liabilities,
including liabilities arising under the Securities Act of 1933.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brokers,
dealers, or agents participating in the distribution of those shares may receive compensation in the form of discounts, concessions
or commissions from the selling shareholders and/or the purchasers of shares for whom such broker-dealers may act as agent or
to whom they may sell as principal, or both (which compensation as to a particular broker-dealer may be in excess of customary
commissions). Neither the selling shareholders nor we can presently estimate the amount of such compensation. We know of no existing
arrangements among the selling shareholders and any other shareholder, broker, dealer or agent relating to the sale or distribution
of those shares.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
affiliates and/or promoters, if any, who are offering their shares of our common stock for sale and any broker-dealers who act
in connection with the sale of the shares of our common stock hereunder will be deemed to be &#147;underwriters&#148; of this
offering within the meaning of the Securities Act of 1933, and any commissions they receive and proceeds of any sale of the shares
may be deemed to be underwriting discounts and commissions under the Securities Act of 1933.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
selling shareholders and any purchasers of our common stock should be aware that any market that develops for our common stock
will be subject to &#147;penny stock&#148; rules.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
as indemnification for liabilities occurring pursuant to the Securities Act of 1933 may be permitted to our directors, officers,
and controlling persons, we have been advised that in the opinion of the SEC such indemnification is against public policy as
expressed in the Securities Act of 1933 and, therefore, unenforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
any of the selling shareholders enter into an agreement after the effectiveness of the registration statement of which this prospectus
is a part to sell all or a portion of his or her shares of our common stock registered hereby to a broker-dealer as principal
and that broker-dealer acts as underwriter, we will file a post-effective amendment to this registration statement identifying
that broker-dealer, providing the required information regarding the plan of distribution, revising disclosures in that registration
statement, as required, and filing a copy of that agreement as an exhibit to that registration statement.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a015_v1"></A>SELLING
STOCKHOLDERS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
of the shares of common stock issued are being offered by the selling stockholders listed in the table below. None of the selling
stockholders are broker-dealers or affiliated with broker-dealers. We issued the shares of common stock pursuant to a private
placement exempt from registration under Section 4(2) and Regulation S of the Securities Act of 1933.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
selling stockholders may offer and sell, from time to time, any or all of the common stock issued. Because the selling stockholders
may offer all or only some portion of the 400,000 shares of common stock to be registered, no estimate can be given as to the
amount or percentage of these shares of common stock that will be held by the selling stockholders upon termination of the offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth certain information regarding the beneficial ownership of shares of common stock by the selling
stockholders as of August 5, 2020, and the number of shares of common stock covered by this prospectus. The number of shares
in the table represents an estimate of the number of shares of common stock to be offered by the selling
stockholders.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-left: 8.65pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; text-align: center; text-indent: -8.65pt">Selling Shareholders</TD><TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Shares of<BR>
Common  Stock<BR>
Owned Prior to<BR>
Offering</TD><TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Shares of<BR>
Common Stock to<BR>
be Offered for<BR>
Sale</TD><TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Shares of<BR> Common Stock<BR>
Owned&nbsp;After the<BR>
Offering</TD><TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Percentage of<BR>
Common Stock<BR>
Owned Before the<BR>
Offering</TD><TD STYLE="padding-right: 5pt; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-top: Black 1pt solid; white-space: nowrap; text-align: center">Percentage of<BR> Common Stock<BR> Owned After the<BR> Offering</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 25%; text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">ULRICH ZWISSLER</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left; text-indent: 0in; padding-left: 1.5pt">625000</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left; text-indent: 0in; padding-left: 1.5pt">615000</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left; text-indent: 0in; padding-left: 1.5pt">2.48%</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left; text-indent: 0in; padding-left: 1.5pt">2.44%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">ALOIS KNIEWALLNER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">374000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">364000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1.49%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1.45%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">CLAUS NECKEL</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">353500</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">343500</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1.40%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1.36%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">JOZEF BALOGH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">320000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">310000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1.27%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1.23%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">REINHOLD JANACH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">198442</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">188442</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.79%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.75%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">SIEGFRIED HEGER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">150000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">140000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.60%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.56%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">RAINER LACHMANN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">137000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">127000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.54%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.50%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">JUERGEN KNOBLAUCH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">130200</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">120200</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.52%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.48%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">MICHAEL KRAFT</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">120600</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">110600</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.48%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.44%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt">FRIEDHELM FINKE</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">118400</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">108400</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.47%</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.43%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">MANFRED BAUMANN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">80000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">70000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.32%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.28%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">BERND WEICHERDING</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">71000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">61000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.28%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.24%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">EBERHARD BEHREND</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">50000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">40000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.16%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">EDWIN PIRZER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">50000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">40000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.16%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HERBERT ROSENEDER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">50000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">40000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.20%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.16%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">SIEGFRIED MORATH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">46000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">36000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.18%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.14%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">KARL HUTTER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">40000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">30000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.16%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.12%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">EDWIN DORNISCH</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">36000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">26000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.14%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.10%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HELMUT LANTZBERG</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">33000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">23000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.13%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.09%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt">HOLLY RUDIGER</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">30000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">20000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.12%</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.08%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">JOSEF REINKOBER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">30000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">20000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.12%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.08%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">REINHOLD EISENBRAUN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">30000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">20000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.12%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.08%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">ROLF SCHRAFT</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">30000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">20000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.12%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.08%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">WOLFGANG HOFFMAN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">29000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">19000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.12%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.08%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">CHRISTOPH GASSMAN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">26500</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">16500</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.11%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.07%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">SIEGFRIED HOELLE</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">26200</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">16200</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.10%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.06%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HELMUT ROSCHLAK</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">25000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">15000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.10%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.06%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">ROBERT BAUER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">22900</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">12900</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.09%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.05%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HORST BOLTEN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">20435</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10435</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.08%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.04%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt">ERICH SPERER</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">15000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">5000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.06%</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.02%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">BERND DANKELMANN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">14000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">4000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.06%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.02%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">EKKEHARD ADY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">14000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">4000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.06%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.02%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HELMUT LACHMANN</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">13000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">3000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.05%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.01%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">GERHARD WAGNER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">12800</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">2800</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.05%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.01%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">DIETER HANKIEWICZ</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">11000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">1000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.04%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.00%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">ARMIN WAGNER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.04%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.00%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HANS ERLACHER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.04%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.00%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HAUF ERNST</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.04%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.00%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">HELMUT PASCHER</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.04%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">0.00%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt">MARIA SEMMELROCK-PICEJ</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">10000</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.04%</TD><TD STYLE="border-bottom: Black 1pt solid; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; padding-bottom: 1pt; text-indent: 0in; padding-left: 1.5pt">0.00%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">3382977</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">400000</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">2982977</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in; padding-left: 1.5pt">&nbsp;</TD></TR>
</TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a016_v1"></A>DESCRIPTION
OF SECURITIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Common
Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
authorized capital stock consists of 75,000,000 shares of common stock, par value $0.001 per share.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
holders of our common stock:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Have
equal rateable rights to dividends from funds legally available therefore, when, as and if declared by our Board of Directors;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Are
entitled to share rateably in all of our assets available for distribution to holders of common stock upon liquidation, dissolution
or winding up of our affairs;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Do
not have pre-emptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Are
entitled to one non-cumulative vote per share on all matters on which stockholders may vote.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
shares of common stock are not subject to any future call or assessment and all have equal voting rights. There are no special
rights or restrictions of any nature attached to any of the common shares and they all rank at equal rate or <I>pari passu</I>
, each with the other, as to all benefits, which might accrue to the holders of the common shares. All registered stockholders
are entitled to receive a notice of any general annual meeting to be convened by our Board of Directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
any general meeting, subject to the restrictions on joint registered owners of common shares, every stockholder who is present
in person or by proxy and entitled to vote has one vote, and on a poll every stockholder has one vote for each share of common
stock of which he is the registered owner and may exercise such vote either in person or by proxy. To the knowledge of our management,
at the date hereof, our officers and directors are the only persons to exercise control, directly or indirectly, over more than
10% of our outstanding common shares. See &#147;Security Ownership of Certain Beneficial Owners and Management.&#148;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
refer you to our Articles of Incorporation and Bylaws, copies of which were filed with the registration statement of which this
prospectus is a part, and to the applicable statutes of the State of Nevada for a more complete description of the rights and
liabilities of holders of our securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of August 5, 2020, there were 25,250,703 shares of our common stock issued and outstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Preferred
Stock</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are not authorized to issue any preferred stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Options,
Warrants and Rights</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
are no outstanding options, warrants, or similar rights to purchase any of our securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Non-cumulative
Voting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Holders
of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding
shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event,
the holders of the remaining shares will not be able to elect any of our directors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cash
Dividends</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of the date of this prospectus, we have not paid any cash dividends to stockholders. The declaration of any future cash dividend
will be at the discretion of our Board of Directors and will depend upon our earnings, if any, our capital requirements and financial
position, our general economic and other pertinent conditions. It is our present intention not to pay any cash dividends in the
foreseeable future, but rather to reinvest earnings, if any, into our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Transfer
Agent</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
transfer agent and registrar for our common stock is Sedona Equity Registrar &amp; Transfer, Inc., 12601 N. Cave Creek Road, Suite
118, Phoenix, AZ 85022. The transfer agent is responsible for all record-keeping and administrative functions in connection with
our issued and outstanding common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a017_v1"></A>SHARES
ELIGIBLE FOR FUTURE SALE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
is no public market for our common stock. We cannot predict the effect, if any, that market sales of shares of our common stock
or the availability of shares of our common stock for sale will have on the market price of our common stock. Sales of substantial
amounts of our common stock in the public market could adversely affect the market prices of our common stock and could impair
our future ability to raise capital through the sale of our equity securities.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
completion of this Offering, based on our outstanding shares as of August 5, 2020, we will have outstanding an aggregate of
25,250,703 shares of common stock outstanding. Of these shares, upon effectiveness of the registration statement of which
this prospectus forms a part, all shares covered hereby and sold under the Offering will be freely transferable without
restriction or further registration under the Securities Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Rule
144</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
general, under Rule 144 as currently in effect, a person who is not one of our affiliates and who is not deemed to have been one
of our affiliates at any time during the three months preceding a sale and who has beneficially owned shares of our common stock
that are deemed restricted securities for at least six months would be entitled after such six-month holding period to sell the
common stock held by such person, subject to the continued availability of current public information about us (which current
public information requirement is eliminated after a one-year holding period).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
person who is one of our affiliates, or has been an affiliate of ours at any time during the three months preceding a sale, and
who has beneficially owned shares of our common stock that are deemed restricted securities for at least six months would be entitled
after such six-month holding period to sell his or her securities, provided that he or she sells an amount that does not exceed
1% of the number of shares of our common stock then outstanding (or approximately 251,787 shares) immediately after this Offering
(or, if our common stock is listed on a national securities exchange, the average weekly trading volume of the shares during the
four calendar weeks preceding the sale), subject to the continued availability of current public information about us and compliance
with certain manner of sale provisions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rule
144 is not available for resale of restricted securities of shell companies or former shell companies until one year elapses from
the time that such company is no longer considered a shell company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a018_v1"></A>LEGAL
MATTERS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
know of no existing or pending legal proceedings against us, nor are we involved as a plaintiff in any proceeding or pending litigation.
There are no proceedings in which any of our directors, officers or any of their respective affiliates, or any beneficial stockholder,
is an adverse party or has a material interest adverse to our interest. Our address for service of process in Nevada is 4650 Wedekind
Road, #2, Sparks, Nevada 89431.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a019_v1"></A>LEGAL
REPRESENTATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lane
&amp; Associates, P.A., c/o Paul Camp Lane, Esq. will pass upon the validity of the common stock offered hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a020_v1"></A>EXPERTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
financial statements included in this prospectus, and in the registration statement of which this prospectus is a part, have been
audited by Centurion ZD CPA &amp; Co., an independent registered public accounting firm, to the extent and for the period set
forth in their report appearing elsewhere herein and in the registration statement, and are included in reliance upon such report
given upon the authority of said firm as experts in auditing and accounting. No expert or counsel named in this prospectus as
having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being
registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency
basis or had, or is to receive, in connection with the offering, a substantial interest, directly or indirectly, in the Company,
nor was any such person connected with the Company as a promoter, managing or principal underwriter, voting trustee, director,
officer or employee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a021_v1"></A>DISCLOSURE
OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES LIABILITIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Bylaws, subject to the provisions of Nevada law, contain provisions which allow us to indemnify any person against liabilities
and other expenses incurred as the result of defending or administering any pending or anticipated legal issue in connection with
service to us if it is determined that person acted in good faith and in a manner which he reasonably believed was in the best
interest of the corporation. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted
to our directors, officers and controlling persons, we have been advised that in the opinion of the Securities and Exchange Commission,
such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a022_v1"></A>CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
have not been any changes in or disagreements with accountants on accounting, financial disclosure or any other matter.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHERE
YOU CAN GET MORE INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
accordance with the Securities Act of 1933, we are filing with the SEC a registration statement on Form S-1, of which this prospectus
is a part, covering the securities being offered by the Registrant. As permitted by rules and regulations of the SEC, this prospectus
does not contain all of the information set forth in the registration statement. For further information regarding both our Company
and our common stock, we refer you to the registration statement, including all exhibits and schedules, which you may inspect
without charge at the public reference facilities of the SEC&#146;s Washington, D.C. office, 100 F Street, N.E., Washington,
D.C. 20549, on official business days during the hours of 10am and 3pm, and on the SEC Internet site at http:\\www.sec.gov. Information
regarding the operation of the public reference rooms may be obtained by calling the SEC at 1-800-SEC-0330.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a023_v1"></A>MANAGEMENT&#146;S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>The
following discussion of our financial condition and results of operation should be read in conjunction with the financial statements
and related notes that appear elsewhere in this prospectus. This discussion contains forward-looking statements and information
relating to our business that reflect our current views and assumptions with respect to future events and are subject to risks
and uncertainties, including the risks in the section entitled Risk Factors beginning on page 6, that may cause our or our industry&#146;s
actual results, levels of activity, performance or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these forward-looking statements.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>These
forward-looking statements speak only as of the date of this prospectus. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. Except
as required by applicable law, including the securities laws of the United States, we expressly disclaim any obligation or undertaking
to disseminate any update or revisions of any of the forward-looking statements to reflect any change in our expectations with
regard thereto or to conform these statements to actual results.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Plan
of Operations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMed,
Ltd. (&#147;4DMed&#148;, the &#147;Company&#148; &#147;we&#148; or &#147;us&#148;) is a development stage company. We
were incorporated under the laws of the state of Nevada on November 2, 2016. 4DMed, Ltd. (&#147;4DMed&#148;, the &#147;Company&#148;
&#147;we&#148; or &#147;us&#148;) is a development stage company. We were incorporated under the laws of the state of Nevada
on November, 2016. We are a medical software and medical device development company that intends to design, patent, and market
a medical virtual reality operating system with integrated, customary haptic and position sensing interfaces for the health care
education research, software and medical device markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Milestones</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><U>Months
1 through 3</U></I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the first three (3) months we plan to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Complete
development on the second generation of 4dmed Scene in hospital</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Complete
development on the first scene for coronavirus inspection in hospital.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Apply
for Trademark registration in USA, Singapore, and Canada for the scenes design</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Enter
contract with a hospital and the education institutions for the first VR course development in Singapore</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Set
up the Show room in Singapore and Toronto</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Design
the first new scene and guideline of surgery room for virtual reality course</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hire
2-3 VR engineering staff&nbsp;in Canada</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>4DMed-MedVR</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
design MedVR to educate, motivate, and activate people to achieve the best possible health program for their environment and it
will be responsible for developing the educational component of 4DMED activities. It is currently developing two different training
programs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">One
is surgeon training to be given by senior, experienced trainers, the other creates medical simulation (&#147;SIM&#148;) environments
for training nurses or other junior trainees. In designing the 4DMED Simulator, the company employs both the &#147;far&#148;
and &#147;close&#148; approaches - to make it easier for training in hospitals or universities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Development
the Second Generation of the 4dmed software.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
presently are working with few VR medial companies to develop the new medical scenes for education industries. During this period,
we intend on securing all work in process inventory, design documentation, prototypes and all intellectual property.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Financial/Sales/Engineering
Staff</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
plan on hiring three VR engineers. Two engineers for software, one and one for mechanical. If in the event, we are unable to secure
engineers with the required skills necessary we will continue to outsource such functions. We believe, however, that having in
house engineers will significantly reduce the amount of time we spend going back and forth with outsourced service providers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, we expect that during months one (1) through three (3) that we will hire a VP of sales to handle product sales to distributors
and retailers for the vegetable markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><U>Months
4 through 6</U></I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the following three (3) months, we expect to achieve the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hiring
the<FONT STYLE="background-color: white">&nbsp;industrial</FONT> designing company for the new design for VR headset with brain
mapping</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seek
more suppliers for the materials for VR groves and sensors</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hiring
the marketing company of expansion in Singapore Office</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Engage
the universities to design the surgery education VR program</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Developing
second generation of MedXR eco Systems.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Developing
the IT marketing Program for education media and other social media platforms.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>4dMED
-MedXR</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
will develop the treatment component of 4DMED activities. These will include virtual environments to clinically treat severe mental
and behavioral health problems including&hellip;drug and alcohol abuse, schizophrenia, post-traumatic stress disorder, mood disorders,
mild cognitive impairment, autism spectrum disorder, ADHD and others. MedXR creates experiences that activate cognitive, emotional
and physiological responses with the goal of improving health. These VR experiences empower individuals and lower the barriers
to good health with personalized content and treatment, by creating emotional regulation skills and stress resilience techniques.
MedXR has built a breakthrough, comprehensive platform for activating healthy behaviors and improving health outcomes. The platform
enables clinical organizations to extend their brand into new virtual patient care experiences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><U>Months
7 through 9</U></I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the following three (3) months, we expect to achieve the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Set
up the New App and start to send sample to end users</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finish
the design in Canada project and start to order the materials for our 4dmed Box</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finish
the second level of MedXR and Virtual Reality Platform for the Senior Living Industry</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finish
the 4dmed SDK box for MedXR and MedVR</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Starting
the develop the computer system to brain mapping record of the New Headset system</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MedAI
will be responsible for the surgical element of 4DMED activities. 4DMED software development kit (SDK) is the company&#146;s
own proprietary product used to develop all of its surgical operations. Users can also use this proprietary SDK to create their
own applications, or other VR teaching applications together with support from the MedVR library program.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Streaming
interactive, cloud-based VR experiences over upcoming high-speed 5G mobile networks may be possible with a combination of a low
latency encoder and optimized client decoding. This will help to achieve VR experiences that deliver presence without simulation
sickness.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Distributor
Demo</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we are successful in previous months, it is anticipated that in months seven (7) through nine (9) we will have the first three
scenes and equipment set( 4dmed Box) and send samples to education institutions and senior home managements companies as well
as certain University and Hospital. During our discussions with distributors, such as Big Corporation, our understanding is that
new products are evaluated and tested by a committee and then taken to retailers to gauge interest. Retailer interest determines
initial order levels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Finish
the design for MedXR project and start to plug in our SDK program</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Senior
program can Improve quality of life for seniors by deploying cutting edge technology to help decrease pain, anxiety, depression
and more. The result is happier clients, increased mental activity and reduced operational cost.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transform
our recreational program by providing a completely new way to interact, explore and provide unforgettable fulfilling experiences.
Marketing add-on allows for the virtual tours of seniors will give them the opportunity to discover and experience the world in
a whole new way.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><U>Months
10 through 12</U></I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Start
to install the 1<SUP>st</SUP> Senior program in the 4dmed set</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Design
the package for the products for the North America market</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seeking
the products seeds sources for Asia markets</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Testing
the&nbsp;Med SLS and start to design programs for mental health, exposure therapy, mindfulness, pain management,</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.6in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Begin
advertising / promotion campaign</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the following three (3) months, we expect to achieve the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Start
to instore our product &ndash; 4DMed Box set in North America and Asia.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Design
the package for the products for the Online Customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Begin
advertising / promotion campaign.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seek
on-going associations and industry group approvals and marketing support. We intend to get needed industry and association and
government approvals and seek their help in securing potential industry and government access as well as any needed sponsorships
and support.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Work
with other firms to assist in optimizing its products for certain virtual reality medial where needed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sign
additional sub-license agreements or joint venture agreements with strategic partners. Central to the Company&#146;s strategy
is to sign large &#147;education of medical&#148; and &#147;elderly care &#147;agreements with commercial partners.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not currently have any arrangements for financing, and we can provide no assurance to investors we will be able to find such
financing. There can be no assurance that additional financing will be available to us, or on terms that are acceptable. Consequently,
we may not be able to proceed with our intended business plans or complete the development and commercialization of our product.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Liquidity
and Results of Operations</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Six
months results &ndash; for the six months ended June 30, 2020 and 2019; Liquidity and Capital Resources Comparison of the Years
Ended Results &ndash; For the Years Ended December 31, 2019 and 2018</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Revenues
and Gross Profit</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenues
and Gross Profit for the six months ended June 30, 2020 and June 20, 2019; and the years ended December 31, 2019 and December
31, 2018 are zero. The Company is a development stage company and has incurred significant costs in research and development activities.
See discussion below for further information. At June 30, 2020, the Company had incurred an accumulated deficit of $3,676,041
since inception.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Costs
and Expenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Costs
and Expenses</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
operating cost and expenses decreased to $799,080 for the six months ended June 30, 2020, as compared to $1,415,471 for the six
months ended June 30, 2019. These decreases were primarily due to decreasing costs associated with General Administrative Expenses,
mainly Marketing expenses</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total
operating cost and expenses increased to $2,336,135 for the year ended December 31, 2019, as compared to $514,583 for the year
ended December 31, 2018. These increases were primarily due to increasing costs associated with Marketing and Consulting expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other
Income and Expenses</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Income
Taxes</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company had no income tax expenses or income tax benefit for the years ended December 31, 2019 and 2018, due to incurrence of
net operating loss in each of these periods. There are no income tax refund opportunities currently available.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Effect
of Inflation</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inflation
has not had a significant impact on the Company&#146;s operations or cash flows.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Liquidity
and Capital Resources</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cash
Flow Information</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of June 30, 2020, the Company had cash and cash equivalents of approximately $132,969 as compared to cash and cash equivalents
of $569,285 at June 30, 2019. This represents a slight decrease in cash of $463,316.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2019, the Company had cash and cash equivalents of approximately $3,074 as compared to cash and cash equivalents
of $343,622 at December 31, 2018. This represents a slight decrease in cash of $340,548.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cash
used in Operating Activities</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company used approximately $806,596 of cash for operating activities for the six months ended June 30, 2020 as compared to use
$1,415,471 of cash for operating activities for the six months ended June 30, 2019. This resulted in a decrease in cash used in
operating activities of $608,875. The expenses consisted of filing fees, professional fees and other general expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company used $2,314,587 of cash for operating activities in the year ended December 31, 2019 as compared to use $493,035 of cash
for operating activities in the year ended December 31, 2018. This resulted in an increase in cash used in operating activities
of $1,821,552. The expenses consisted of filing fees, professional fees and marketing expenses.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cash
provided by Investing Activities</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company provided $(602,612) of cash by investing activities for the six months ended June 30, 2020 as compared to use $1,308,407
of cash for investing activities for the six months ended June 30, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company provided $2,946,997 of cash by investing activities in the year ended December 31, 2019 as compared to use $1,309,745
of cash for investing activities in the years ended December 31, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cash
(Used in) Provided by Financing Activities</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company provided $333,879 of cash by investing activities in the six months ended June 30, 2020 as compared to provided $2,949,541
of cash for investing activities in the six months ended June 30, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financing
activities in the years ended December 31, 2019, used approximately $4,921,036 of cash provided as compared to $2,146,402 of cash
provided in the year ended December 31, 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company&#146;s principal sources and uses of funds are investments from accredited investors. The Company would need to raise
additional capital in order to meet its business plan. Management intends to secure additional funds using borrowing or the further
sale of securities to accredited investors in the future. There is no assurance that we may secure funding, or whether it can
do so on terms acceptable to us, or at all, and its liquidity would be severely compromised.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates,
amongst other things, the realization of assets and satisfaction of liabilities in the course of business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
anticipate that our future liquidity requirements will arise from the need to fund our growth, pay our current obligations and
future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations
and raising additional funds from private sources and/or debt financing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Off-Balance
Sheet Arrangements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have no off-balance sheet arrangements.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Going
Concern Qualification</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
independent auditors included an explanatory paragraph in their report on the accompanying financial statements expressing concerns
about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the
circumstances that lead to this disclosure by our independent auditors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
anticipate that our future liquidity requirements will arise from the need to fund our growth, pay our current obligations and
future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations
and raising additional funds from private sources and/or debt financing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Critical
Accounting Policies</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
preparation of our financial statements requires us to make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues, and expenses and related disclosures about contingent assets and liabilities. We base these estimates and
assumptions on historical experience and on various other information and assumptions that are believed to be reasonable under
the circumstance. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly,
these estimates may change as additional information is obtained, as more experience is acquired, as our operating environment
changes and as new events occur. Our critical accounting policies are listed in the notes to our audited financial statements
included in of this Registration Statement.</FONT></P>




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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">4DMED, LTD</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><A NAME="a024_v1"></A>INDEX TO FINANCIAL STATEMENTS</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-decoration: underline; text-align: center">Page</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%; text-align: left"><A HREF="#b001_v1">Report of Independent Registered Public Accounting Firm</A></TD>
    <TD STYLE="width: 10%; text-align: center">F-2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><A HREF="#b002_v1">Balance Sheets as of December 31, 2019 and 2018</A></TD>
    <TD STYLE="text-align: center">F-3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#b003_v1">Statements of Operations and Comprehensive Loss for the years ended December 31, 2019 and 2018</A></TD>
    <TD STYLE="text-align: center">F-4</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#b004_v1">Statements of Stockholders&#146; Equity for the years ended December 31, 2019 and 2018</A></TD>
    <TD STYLE="text-align: center">F-5</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#b005_v1">Statements of Cash Flows for the years ended December 31, 2019 and 2018</A></TD>
    <TD STYLE="text-align: center">F-6</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#b006_v1">Notes to Financial Statements</A></TD>
    <TD STYLE="text-align: center">F-7 - F-11</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="b001_v1"></A>Report
of Independent Registered Public Accounting Firm</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>To
the Board of Directors and Stockholders of 4DMed, Ltd.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Opinion
on the Financial Statements</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have audited the accompanying balance sheets of 4DMed, Ltd.(the &#147;Company&#148;) as of December 31, 2019 and 2018, and the
related statements of operations and comprehensive losses, stockholders&#146; equity and cash flows for the years ended December
31, 2019 and 2018, and the related notes (collectively referred to as the &#147;financial statements&#148;). In our opinion, the
financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2019 and
2018, and the results of its operations and its cash flows for the year ended December 31, 2019 and 2018 in conformity with accounting
principles generally accepted in the United States of America.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 3 to the financial statements, the Company has suffered recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a going concern. Management&#146;s plans in regard to these matters are
also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Basis
for Opinion</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
financial statements are the responsibility of the Company&#146;s management. Our responsibility is to express an opinion on the Company&#146;s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight
Board (United States) (&#147;PCAOB&#148;) and are required to be independent with respect to the Company in accordance with the
U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error
or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial
reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not
for the purpose of expressing an opinion on the effectiveness of the Company&#146;s internal control over financial reporting. Accordingly,
we express no such opinion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to
error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that our audits provide a reasonable basis for our opinion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 10%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 10%; border-bottom: Black 1pt solid">/s/ Centurion ZD CPA &amp; Co.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">Centurion ZD CPA &amp; Co.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">Hong Kong</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">June 11, 2020</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have served as the Company&#146;s auditor since 2020.</FONT></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">4DMED, LTD.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center"><A NAME="b002_v1"></A>Balance Sheets</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">December 31,</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">December 31,</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold">ASSETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 50%; text-align: left">Amount due from a related party</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">4,788,796</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,841,799</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Cash and cash equivalents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,074</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">343,622</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Total current assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,791,870</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,185,421</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,791,870</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,185,421</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">LIABILITIES AND STOCKHOLDERS&#146; EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt">Accrual</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">43,097</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,549</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Total current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">43,097</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,549</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">43,097</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,549</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Stockholders&#146; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Common stock at $0.001&nbsp;par value;&nbsp;75,000,000&nbsp;shares authorized;&nbsp;24,821,003&nbsp;and&nbsp;22,861,434&nbsp;shares issued and outstanding at December 31, 2019 and 2018, respectively.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,821</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">22,861</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Additional paid-in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,708,268</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,656,314</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Common stock subscribed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">892,645</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,523</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Accumulated deficit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,876,961</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(540,826</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Stockholders&#146; equity</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,748,773</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,163,872</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total liabilities and Stockholders&#146; equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,791,870</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,185,421</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these financial statements.</FONT></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">4DMED, LTD.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; font-style: italic; text-align: center"><A NAME="b003_v1"></A>Statements of Operations and Comprehensive Loss</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; padding-bottom: 1pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Year ended December<BR>31, 2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">Year ended December<BR>31, 2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold">Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; padding-bottom: 1pt">Cost of sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Gross profit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 50%; text-align: left; padding-bottom: 1pt">Operating expenses</TD><TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(2,336,135</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(514,583</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Loss from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,336,135</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(514,583</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Income tax expense</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,336,135</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(514,583</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Other comprehensive loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Foreign currency translation adjustments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Comprehensive loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these financial statements.</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
LTD.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><A NAME="b004_v1"></A>Statements
of Stockholders&#146; Equity</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Number
    of<BR> Shares</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Additional
    Paid-in<BR> Capital</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Common
    Stock<BR> Subscribed</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Accumulated<BR>
    Deficit</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Stockholders&#146;<BR>
    Equity</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 30%; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance
    as of December 31, 2017 and January 1, 2018</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">21,397,950</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">21,397</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">528,634</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">8,265</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">(26,243</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">532,053</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Issuance of common
    stock</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,463,484</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,464</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,127,680</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,129,144</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Stock subscriptions</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17,258</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">17,258</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Net
    loss for the year</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(514,583</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(514,583</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance as of December
    31, 2018 and January 1, 2019</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22,861,434</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22,861</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,656,314</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25,523</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(540,826</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,163,872</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Issuance of common
    stock</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,965,569</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,966</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4,069,128</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4,071,094</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Cancellation of common
    stock</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(6,000</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(6</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(17,174</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(17,180</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Stock subscriptions</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">867,122</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">867,122</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Net
    loss for the year</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(2,336,135</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(2,336,135</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Balance
    as of December 31, 2019</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">24,821,003</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">24,821</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">6,708,268</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">892,645</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">(2,876,961</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">4,748,773</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these financial statements.</FONT></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">4DMED, LTD.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; font-style: italic; text-align: center"><A NAME="b005_v1"></A>Statements of Cash Flows</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Year ended<BR> December 31, 2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Year ended<BR> December 31, 2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Cash flows from operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 50%; text-align: left">Net loss from operations</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(2,336,135</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(514,583</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 17.3pt">Accrual</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,548</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">21,548</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Net cash used in operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,314,587</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(493,035</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Cash flows from investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 17.3pt; text-align: left">Advanced to a related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,952,525</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,060,565</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 17.3pt; text-align: left; padding-bottom: 1pt">Repayment from a related party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,528</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">750,820</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Net cash used in investing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,946,997</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,309,745</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Cash flows from financing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 17.3pt; text-align: left">Proceed from issuance of common stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,071,094</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,129,144</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 17.3pt; text-align: left">Redemption of common stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(17,180</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 17.3pt; text-align: left; padding-bottom: 1pt">Proceed from stock subscription</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">867,122</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">17,258</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Net cash provided by financing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,921,036</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,146,402</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Net (decreased) increased in cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(340,548</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">343,622</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Cash and cash equivalents, beginning of year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">343,622</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents, end of year</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">3,074</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">343,622</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Supplemental cash flow disclosure:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Cash paid for interest expense</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Cash paid for income taxes</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these financial statements.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
LTD.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FOR
THE YEAR ENDED DECEMBER 31, 2019 AND 2018</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="b006_v1"></A>NOTES
TO FINANCIAL STATEMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
1 - ORGANIZATION AND BUSINESS DESCRIPTION </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMed,
Ltd. (the &#147;Company&#148;) was incorporated on November 2, 2016 in the State of Nevada, USA. The Company is a medical software
and medical device development company that intends to design, patent, and market a medical&nbsp;virtual reality&nbsp;operating
system with integrated, customary haptic and position sensing interfaces&nbsp;for the health care education research, software
and medical device markets. The purpose of the Company is to be a holding company for Hong Kong and Canadian operating companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BASIS
OF PRESENTATION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
financial statements have been prepared on a historical cost basis to reflect the financial position and results of operations
of the Company in accordance with the accounting principles generally accepted in the United States of America (&#147;US GAAP&#148;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USE
OF ESTIMATES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
preparation of the Company&#146;s financial statements in conformity with generally accepted accounting principles of the United
States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on
historical trends and other information available when the financial statements are prepared. Actual results could differ from
those estimates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FAIR
VALUE MEASUREMENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASC
Topic 820,<I>&nbsp;Fair Value Measurement and Disclosures</I>, defines fair value as the exchange price that would be received
for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability
in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy,
which requires classification based on observable and unobservable inputs when measuring fair value. Certain current assets and
current liabilities are financial instruments. Management believes their carrying amounts are a reasonable estimate of fair value
because of the short period of time between the origination of such instruments and their expected realization and, if applicable,
their current interest rates are equivalent to interest rates currently available. The three levels of valuation hierarchy are
defined as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 4%; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs
    that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial
    instruments.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
carrying amounts of financial assets and liabilities, such as balance with related parties approximate their fair values because
of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CASH
AND CASH EQUIVALENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash
and cash equivalents represent cash on hand, demand deposits, and other short-term highly liquid investments placed with banks,
which have original maturities of three months or less and are readily convertible to known amounts of cash.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INCOME
TAXES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification
(&#147;ASC&#148;) 740, &#147;Income Taxes&#148; (&#147;ASC 740&#148;). Under this method, income tax expense is recognized
as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences
between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences
are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred
tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred
tax assets will not be realized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RECENT
ACCOUNTING PRONOUNCEMENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
March 2020, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;) ASU
No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (&#147;ASU
2020-04&#148;). The amendments in this update provide optional expedients and exceptions for applying GAAP to contracts, hedging
relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU
apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate that is
expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not
apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging
relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained
through the end of the hedging relationship. The amendments in this ASU are effective for all entities as of March 12, 2020 through
December 31, 2022. The Company did not modify any material contracts due to reference rate reform during fiscal 2020. The Company
will continue to evaluate the impact this guidance will have on financial statements for all future transactions affected by reference
rate reform during the time permitted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (&#147;ASU
2019-12&#148;). The FASB issued this update as part of its initiative to reduce complexity in accounting standards. The amendments
in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and
also improve consistent application of other areas by clarifying and amending existing guidance. ASU 2019-12 is effective for
the Company in fiscal 2022 and early adoption is permitted. Certain amendments of this ASU may be adopted on a retrospective basis,
modified retrospective basis or prospective basis. The Company is currently evaluating the impact this guidance will have on its
financial statements. &nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which establishes ASC 326,
Financial Instruments - Credit Losses. The ASU revises the measurement of credit losses for financial assets measured at amortized
cost from an incurred loss methodology to an expected loss methodology. The ASU affects trade receivables, debt securities, net
investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant
estimates and credit quality are also required. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to
Topic 326, Financial Instruments - Credit Losses. This ASU clarifies that receivables from operating leases are accounted for
using the lease guidance and not as financial instruments. In May 2019, the FASB issued ASU No. 2019-05, Targeted Transition Relief,
which amends ASC 326. This ASU provides an option to irrevocably elect to measure certain individual financial assets at fair
value instead of amortized cost. The Company is currently evaluating the impact this guidance will have on its financial statements.
&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
August 2018, the FASB issued ASU 2018-14,&nbsp;Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic
715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans&nbsp;(&#147;ASU 2018-14&#148;),
which updates the standard to remove disclosures that no longer are considered cost beneficial, clarifies the specific requirements
of disclosures, and adds disclosure requirements identified as relevant. ASU 2018-14 is effective for the Company in fiscal 2021
on a retroactive basis. This guidance will have no impact on the Company&#146;s financial statements upon adoption other than with
respect to the updated disclosure requirements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
February 2016, the FASB issued ASU No. 2016-02,&nbsp;Leases (Topic 842). In July 2018, the FASB issued ASU&nbsp;No.&nbsp;2018-10,&nbsp;Codification
Improvements to Topic 842, Leases,&nbsp;which provides narrow amendments to clarify how to apply certain aspects of the new lease
standard, and ASU 2018-11, Leases (Topic 842): Targeted Improvements, which addressed implementation issues related to the new
lease standard. These and certain other lease-related ASUs have generally been codified in ASC 842, Leases (&#147;ASC 842&#148;).
ASC 842 supersedes the lease accounting requirements in ASC 840, Leases (&#147;ASC 840&#148;). ASC 842 establishes a&nbsp;right-of-use&nbsp;model
that requires a lessee to record a&nbsp;right-of-use&nbsp;(&#147;ROU&#148;) asset and a lease liability on the balance sheet
for all leases. Under ASC 842, leases are classified as either finance or operating, with classification affecting the pattern
of expense recognition in the income statement. The standard also requires disclosures around the amount, timing and uncertainty
of cash flows arising from leases. The Company is currently evaluating the impact of adoption of this new standard and does not
believe that the adoption of this ASU will have a significant impact on its financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Note
3 - GOING CONCERN</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had
an accumulated deficit of $2,876,961 and $540,826 at December 31, 2019 and 2018, respectively, and had a net loss of $2,336,135
and $514,583 for the years ended December 31, 2019 and 2018, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company&#146;s continuation as a going concern is dependent on its ability to obtain additional financing to fund operations,
implement its business model, and ultimately, attain profitable operations. The Company will need to secure additional funds through
various means, including equity and debt financing or any similar financing. There can be no assurance that the Company will be
able to obtain additional equity or debt financing, if and when needed, on terms acceptable to the Company, or at all. Any additional
equity or debt financing may involve substantial dilution to the Company&#146;s stockholders, restrictive covenants or high interest
costs. The Company&#146;s long-term liquidity also depends upon its ability to generate revenues and achieve profitability.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
4 - ACCRUAL</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accrual
consisted of the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">December 31,<BR>
2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">December 31,<BR>
2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left">Accrued accounting fee</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,097</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">1,549</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Accrued audit fee</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">40,000</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">20,000</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">43,097</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">21,549</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
5 - COMMON STOCK</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company entered into certain private placements with different investors. &nbsp;During the years ended December 31, 2019 and 2018,
the Company issued 1,965,569 and 1,463,484 shares of common stock, and cancelled 6,000 and nil of shares of common stock, respectively.
As of December 31, 2019 and 2018, 24,821,003 and 22,861,434 shares respectively, were issued and outstanding. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the Company has received $892,645 and $25,523, respectively as of December 31, 2019 and 2018 from the stock subscription
and the shares of common stock had not been issued.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
6 - INCOME TAXES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company is incorporated in the State of Nevada in the U.S., and is subject to a gradual U.S. federal corporate income tax of 21%.
&nbsp;The Company did not generate taxable income for the years ended December 31, 2019 and 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability
to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established
against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could
not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when
management considers realization of such amounts to be more likely than not. A valuation allowance will be maintained until sufficient
positive evidence exists to support the reversal of any portion or all of the valuation allowance</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31,<BR>
2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31,<BR>
2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left">Deferred tax asset from operating losses carry-forwards</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">490,588</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">108,062</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Valuation allowance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(490,588</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(108,062</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Deferred tax asset, net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
7 - RELATED PARTY TRANSACTIONS AND BALANCES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Related
party</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 40%; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name
    of related party</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 5%; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 55%; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Relationship
    with the Company</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED
    Limited (Hong Kong Incorporated Company)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common
    Director, Cheung Yuen May</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Related
party balances</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company had the following related party balances at&nbsp;December 31, 2019 and 2018:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">December 31,<BR> 2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">December 31,<BR> 2018</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Due from a related party:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; width: 50%; padding-bottom: 2.5pt">4DMED Limited</TD>
    <TD STYLE="width: 3%; padding-bottom: 2.5pt">(i)</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 2.5pt double; text-align: right">4,788,796</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 2.5pt double; text-align: right">1,841,799</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 31, 2019 and 2018, the above amount due from related party is without interest and due on demand.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
8 - COMMITMENTS AND CONTINGENCIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Operating
lease</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company did not have any operating lease as of December 31, 2019 and 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Legal
proceedings</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
has been no legal proceeding in which the Company is a party as of December 31, 2019 and 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
9 - SUBSEQUENT EVENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
were no events or transactions that would require recognition or disclosure in financial statements for the year ended December
31, 2019.</FONT></P>

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<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">4DMED, LTD.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">INDEX TO CONDENSED FINANCIAL STATEMENTS</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-decoration: underline; text-align: center">Page</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%"><A HREF="#c001_v1">Condensed Balance Sheets as of June 30, 2020 and December 31, 2019</A></TD>
    <TD STYLE="width: 10%; text-align: center">F-13</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#c002_v1">Condensed Statements of Operations and Comprehensive Loss for Six and Three Months Ended June 30, 2020 and 2019</A></TD>
    <TD STYLE="text-align: center">F-14</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#c003_v1">Condensed Statements of Stockholders&#146; Equity for Six and Three Months Ended June 30, 2020 and 2019</A></TD>
    <TD STYLE="text-align: center">F-15</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#c004_v1">Condensed Statements of Cash Flows for Six Months Ended June 30, 2020 and 2019</A></TD>
    <TD STYLE="text-align: center">F-16</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><A HREF="#c005_v1">Notes to Condensed Financial Statements</A></TD>
    <TD STYLE="text-align: center">F-17 - F-21</TD></TR>
</TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
    LTD.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-underline-color: black">&nbsp;</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="c001_v1"></A>Condensed
    Balance Sheets</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">June 30,</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">December 31,</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold">ASSETS</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Current assets</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 50%; text-align: left">Amount due from a related party</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">4,186,184</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">4,788,796</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Cash and cash equivalents</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">132,969</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,074</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Total current assets</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,319,153</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,791,870</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total assets</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,319,153</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,791,870</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">LIABILITIES AND STOCKHOLDERS&#146; EQUITY</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Current liabilities</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">Accrual</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">5,581</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">43,097</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Deposit received</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,000</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Total current liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,581</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">43,097</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total liabilities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">35,581</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">43,097</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Stockholders&#146; equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Common stock at $0.001&nbsp;par value;&nbsp;75,000,000&nbsp;shares authorized;&nbsp;25,250,703&nbsp;and&nbsp;24,821,003&nbsp;shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively.</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">25,251</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24,821</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Additional paid-in capital</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,504,074</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,708,268</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Common stock subscribed</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">430,288</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">892,645</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left">Accumulated deficit</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(3,676,041</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,876,961</TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 1pt">Total Stockholders&#146; equity</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,283,572</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">4,748,773</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Total liabilities and Stockholders&#146; equity</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,319,153</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">4,791,870</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these condensed financial statements.</FONT></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">4DMED, LTD.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; font-style: italic; text-align: center"><A NAME="c002_v1"></A>Condensed Statements of Operations and Comprehensive Loss</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the Three Months Ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the Six Months Ended June 30,</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center">2020</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center">2019</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center">2020</TD><TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center">2019</TD><TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold">Revenue</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; padding-bottom: 1pt">Cost of sales</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Gross profit</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 30%; text-align: left; padding-bottom: 1pt">Operating expenses</TD><TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(423,801</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(771,669</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(799,080</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="width: 3%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: right">(1,415,471</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Loss from operations</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(423,801</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(771,669</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(799,080</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,415,471</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Income tax expense</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Net loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(423,801</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(771,669</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(799,080</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(1,415,471</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left">Other comprehensive loss</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Foreign currency translation adjustments</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">Comprehensive loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these condensed financial statements.</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
LTD.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><A NAME="c003_v1"></A>Condensed
Statements of Stockholders&#146; Equity</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Number
    of<BR> Shares</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Additional
    Paid-in<BR> Capital</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Common
    Stock<BR> Subscribed</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Accumulated<BR>
    Deficit</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Stockholders&#146;<BR>
    Equity</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; width: 20%; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance
    as of December 31, 2019</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">24,821,003</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">24,821</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">6,708,268</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">892,645</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">(2,876,961</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="width: 5%; text-align: right"><FONT STYLE="font-size: 10pt">4,748,773</FONT></TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Issuance of common
    stock</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">289,700</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">290</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">638,445</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(637,35</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Stock subscriptions</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">176,378</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">176,378</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Net
    loss for the period</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(375,279</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(375,279</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance as of March
    31, 2020</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25,110,703</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25,111</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">7,346,713</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">430,288</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(3,252,240</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4,549,872</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Issuance of common
    stock</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">140,000</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">140</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">157,361</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">157,501</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Net
    loss for the period</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(423,801</FONT></TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(423,801</FONT></TD><TD STYLE="padding-bottom: 1pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance
    as of June 30, 2020</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">25,250,703</FONT></TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">25,251</FONT></TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">7,504,074</FONT></TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">430,288</FONT></TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">(3,676,041</FONT></TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">4,283,572</FONT></TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Number
    of<BR> Shares</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Amount</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Additional
    Paid-in<BR> Capital</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Common
    Stock<BR> Subscribed</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Accumulated<BR>
    Deficit</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Stockholders&#146;<BR>
    Equity</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance
    as of December 31, 2018</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22,861,434</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">22,861</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,656,314</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">25,523</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(540,826</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">$</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,163,872</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Issuance of common
    stock</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">267,630</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">268</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">604,602</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(25,523</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">579,347</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Stock subscriptions</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">852,263</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">852,263</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Net
    loss for the period</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(643,802</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(643,802</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Balance as of March
    31, 2019</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23,129,064</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">23,129</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">3,260,916</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">852,263</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">(1,184,628</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,951,680</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left"><FONT STYLE="font-size: 10pt">Stock subscriptions</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,517,931</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,571,931</FONT></TD><TD STYLE="white-space: nowrap; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; text-align: left; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Net
    loss for the period</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(771,669</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(771,669</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-indent: -8.65pt; padding-left: 8.65pt; font-weight: bold; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">Balance
    as of June 30, 2019</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">23,129,064</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">23,129</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">3,260,916</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">2,370,194</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">(1,956,297</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">)</FONT></TD><TD STYLE="padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-size: 10pt">3,697,942</FONT></TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these condensed financial statements.</FONT></P>


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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">4DMED, LTD.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font-weight: bold; font-style: italic; text-align: center"><A NAME="c004_v1"></A>Condensed Statements of Cash Flows</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Six Months Ended<BR> June 30, 2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">Six Months Ended<BR> June 30, 2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Cash flows from operating activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 70%; text-align: left">Net loss from operations</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(799,080</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">(1,415,471</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Changes in operating assets and liabilities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt">Accrual</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(37,516</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Deposit received</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">30,000</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net cash used in operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(806,596</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,415,471</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Cash flows from investing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left">Advanced to a related party</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(333,878</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,308,407</TD><TD STYLE="white-space: nowrap; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Repayment from a related party</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">936,490</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net cash provided by (used in) investing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">602,612</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,308,407</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Cash flows from financing activities:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-align: left">Proceed from issuance of common stock</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">796,236</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">604,870</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 8.65pt; text-align: left">Proceed from stock subscription</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,344,671</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 8.65pt; text-align: left; padding-bottom: 1pt">Redemption of stock subscription</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(462,357</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Net cash provided by financing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">333,879</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,949,541</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Net increased in cash and cash equivalents</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">129,895</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">225,663</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1pt">Cash and cash equivalents, beginning of period</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,074</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">343,622</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">Cash and cash equivalents, end of period</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">132,969</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">569,285</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left">Supplemental cash flow disclosure:</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">Cash paid for interest expense</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; text-align: left">Cash paid for income taxes</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="padding-bottom: 2.5pt; white-space: nowrap; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying notes are an integral part of these condensed financial statements.</FONT></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
LTD.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FOR
SIX MONTHS ENDED MARCH 31, 2020 AND 2020</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="c005_v1"></A>NOTES
TO CONDENSED FINANCIAL STATEMENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
1 - ORGANIZATION AND BUSINESS DESCRIPTION </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMed,
Ltd. (the &#147;Company&#148;) was incorporated on November 2, 2016 in the State of Nevada, USA. The Company is a medical software
and medical device development company that intends to design, patent, and market a medical&nbsp;virtual reality&nbsp;operating
system with integrated, customary haptic and position sensing interfaces&nbsp;for the health care education research, software
and medical device markets. The purpose of the Company is to be a holding company for Hong Kong and Canadian operating companies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BASIS
OF PRESENTATION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
condensed financial statements have been prepared on a historical cost basis to reflect the financial position and results of
operations of the Company in accordance with the accounting principles generally accepted in the United States of America (&#147;US
GAAP&#148;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USE
OF ESTIMATES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
preparation of the Company&#146;s condensed financial statements in conformity with generally accepted accounting principles
of the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items
based on historical trends and other information available when the financial statements are prepared. Actual results could differ
from those estimates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FAIR
VALUE MEASUREMENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASC
Topic 820,<I>&nbsp;Fair Value Measurement and Disclosures</I>, defines fair value as the exchange price that would be received
for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability
in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy,
which requires classification based on observable and unobservable inputs when measuring fair value. Certain current assets and
current liabilities are financial instruments. Management believes their carrying amounts are a reasonable estimate of fair value
because of the short period of time between the origination of such instruments and their expected realization and, if applicable,
their current interest rates are equivalent to interest rates currently available. The three levels of valuation hierarchy are
defined as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 4%; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs
    that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial
    instruments.</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level
    3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
carrying amounts of financial assets and liabilities, such as balance with related parties approximate their fair values because
of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CASH
AND CASH EQUIVALENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash
and cash equivalents represent cash on hand, demand deposits, and other short-term highly liquid investments placed with banks,
which have original maturities of three months or less and are readily convertible to known amounts of cash.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INCOME
TAXES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification
(&#147;ASC&#148;) 740, &#147;Income Taxes&#148; (&#147;ASC 740&#148;). Under this method, income tax expense is recognized
as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences
between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences
are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred
tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred
tax assets will not be realized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RECENT
ACCOUNTING PRONOUNCEMENTS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2020, the Financial Accounting Standards Board (&#147;FASB&#148;) issued Accounting Standards Update (&#147;ASU&#148;) ASU
No. 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities (&#147;ASU
2020-05&#148;). The amendments in this update provide optional expedients and exceptions for applying GAAP to contracts, hedging
relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU
apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate that is
expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not
apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging
relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained
through the end of the hedging relationship. The amendments in this ASU are effective for all entities as of March 12, 2020 through
December 31, 2022. The Company did not modify any material contracts due to reference rate reform during fiscal 2020. The Company
will continue to evaluate the impact this guidance will have on financial statements for all future transactions affected by reference
rate reform during the time permitted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
December 2020, the FASB issued ASU No. 2020-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (&#147;ASU
2020-12&#148;). The FASB issued this update as part of its initiative to reduce complexity in accounting standards. The amendments
in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and
also improve consistent application of other areas by clarifying and amending existing guidance. ASU 2020-12 is effective for
the Company in fiscal 2022 and early adoption is permitted. Certain amendments of this ASU may be adopted on a retrospective basis,
modified retrospective basis or prospective basis. The Company is currently evaluating the impact this guidance will have on its
financial statements. &nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which establishes ASC 326,
Financial Instruments - Credit Losses. The ASU revises the measurement of credit losses for financial assets measured at amortized
cost from an incurred loss methodology to an expected loss methodology. The ASU affects trade receivables, debt securities, net
investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant
estimates and credit quality are also required. In November 2019, the FASB issued ASU No. 2019-19, Codification Improvements to
Topic 326, Financial Instruments - Credit Losses. This ASU clarifies that receivables from operating leases are accounted for
using the lease guidance and not as financial instruments. In May 2020, the FASB issued ASU No. 2020-05, Targeted Transition Relief,
which amends ASC 326. This ASU provides an option to irrevocably elect to measure certain individual financial assets at fair
value instead of amortized cost. The Company is currently evaluating the impact this guidance will have on its financial statements.
&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
August 2019, the FASB issued ASU 2019-14,&nbsp;Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic
715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans&nbsp;(&#147;ASU 2019-14&#148;),
which updates the standard to remove disclosures that no longer are considered cost beneficial, clarifies the specific requirements
of disclosures, and adds disclosure requirements identified as relevant. ASU 2019-14 is effective for the Company in fiscal 2021
on a retroactive basis. This guidance will have no impact on the Company&#146;s financial statements upon adoption other than with
respect to the updated disclosure requirements.&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
February 2016, the FASB issued ASU No. 2016-02,&nbsp;Leases (Topic 842). In July 2019, the FASB issued ASU&nbsp;No.&nbsp;2019-10,&nbsp;Codification
Improvements to Topic 842, Leases,&nbsp;which provides narrow amendments to clarify how to apply certain aspects of the new lease
standard, and ASU 2019-11, Leases (Topic 842): Targeted Improvements, which addressed implementation issues related to the new
lease standard. These and certain other lease-related ASUs have generally been codified in ASC 842, Leases (&#147;ASC 842&#148;).
ASC 842 supersedes the lease accounting requirements in ASC 840, Leases (&#147;ASC 840&#148;). ASC 842 establishes a&nbsp;right-of-use&nbsp;model
that requires a lessee to record a&nbsp;right-of-use&nbsp;(&#147;ROU&#148;) asset and a lease liability on the balance sheet
for all leases. Under ASC 842, leases are classified as either finance or operating, with classification affecting the pattern
of expense recognition in the income statement. The standard also requires disclosures around the amount, timing and uncertainty
of cash flows arising from leases. The Company is currently evaluating the impact of adoption of this new standard and does not
believe that the adoption of this ASU will have a significant impact on its financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
3 - GOING CONCERN</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had
an accumulated deficit of $3,676,041 and $2,876,961 at June 30, 2020 and December 31, 2019, respectively, and had a net loss of
$799,080 and $1,415,471 for six months ended June 30, 2020 and 2019, respectively, and had a net loss of $423,801 and $771,669
for three months ended June 30, 2020 and 2019, respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company&#146;s continuation as a going concern is dependent on its ability to obtain additional financing to fund operations,
implement its business model, and ultimately, attain profitable operations. The Company will need to secure additional funds through
various means, including equity and debt financing or any similar financing. There can be no assurance that the Company will be
able to obtain additional equity or debt financing, if and when needed, on terms acceptable to the Company, or at all. Any additional
equity or debt financing may involve substantial dilution to the Company&#146;s stockholders, restrictive covenants or high interest
costs. The Company&#146;s long-term liquidity also depends upon its ability to generate revenues and achieve profitability.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
4 - ACCRUAL</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accrual
consisted of the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">June 30,<BR>2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">December 31,<BR>2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left">Accrued accounting fee</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">2,581</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">3,097</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Accrued audit fee</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">3,000</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">40,000</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">5,581</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">43,097</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
5 - COMMON STOCK</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company entered into certain private placements with different investors. &nbsp;During six months ended June 30, 2020 and 2019,
the Company issued 429,700 and 267,630 shares of common stock, respectively. As of June 30, 2020 and December 31, 2019, 25,250,703
and 24,821,003 shares respectively, were issued and outstanding. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the Company has received $430,288 and $892,645, respectively as of June 30, 2020 and December 31, 2019 from the stock
subscription and the shares of common stock had not been issued.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
6 - INCOME TAXES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company is incorporated in the State of Nevada in the U.S., and is subject to a gradual U.S. federal corporate income tax of 21%.
&nbsp;The Company did not generate taxable income for six months ended June 30, 2020 and 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability
to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established
against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could
not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when
management considers realization of such amounts to be more likely than not. A valuation allowance will be maintained until sufficient
positive evidence exists to support the reversal of any portion or all of the valuation allowance</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">June 30,<BR> 2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31,<BR> 2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">(Unaudited)</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 50%; text-align: left">Deferred tax asset from operating losses carry-forwards</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">167,807</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">490,588</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt">Valuation allowance</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(167,807</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(490,588</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt">Deferred tax asset, net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">-</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
7 - RELATED PARTY TRANSACTIONS AND BALANCES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Related
party</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 40%; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name
    of related party</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 5%; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 55%; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Relationship
    with the Company</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4DMED
    Limited (Hong Kong Incorporated Company)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common
    Director, Cheung Yuen May</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Related
party balances</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company had the following related party balances at&nbsp;June 30, 2020 and December 31, 2019:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">June 30, <BR> 2020</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1pt solid">December 31, <BR> 2019</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Unaudited)&nbsp;</FONT></TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Due from a related party:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 50%; padding-bottom: 2.5pt">4DMED Limited</TD>
    <TD STYLE="width: 3%; padding-bottom: 2.5pt">(i)</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 2.5pt double; text-align: right">4,186,184</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 2.5pt double; text-align: right">4,788,796</TD><TD STYLE="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of June 30, 2020 and December 31, 2019, the above amount due from related party is without interest and due on demand.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
8 - COMMITMENTS AND CONTINGENCIES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Operating
lease</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company did not have any operating lease as of June 30, 2020 and December 31, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Legal
proceedings</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
has been no legal proceeding in which the Company is a party as of June 30, 2020 and December 31, 2019.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOTE
9 - SUBSEQUENT EVENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
were no events or transactions that would require recognition or disclosure in financial statements for the six months ended June
30, 2020.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION
NOT REQUIRED IN PROSPECTUS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
13. Other Expenses of Issuance and Distribution</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following table sets forth the expenses in connection with the issuance and distribution of the securities being registered hereby.
All such expenses will be borne by the registrant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Name of Expense</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: left">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 45%; text-align: left; text-indent: 0in">Securities and Exchange Commission registration fee</TD><TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">52</TD><TD STYLE="white-space: nowrap; width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; text-indent: 0in">Legal, accounting fees and expenses(1)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="white-space: nowrap; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: 0in">Edgar filing, printing and engraving fees(1)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,500</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: 0in">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">16,552</TD><TD STYLE="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimated.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
14. Indemnification of Directors and Officers</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
officers and directors are indemnified as provided by the Nevada Statutes and by our Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Nevada Revised Statutes, director immunity from liability to a company or its stockholders for monetary liabilities applies
automatically unless it is specifically limited by a company&#146;s Articles of Incorporation. Our Articles of Incorporation
do not specifically limit our directors&#146; immunity. Excepted from that immunity are: (a) a willful failure to deal fairly
with the company or its stockholders in connection with a matter in which the director has a material conflict of interest; (b)
a violation of criminal law, unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable
cause to believe that his or her conduct was unlawful; (c) a transaction from which the director derived an improper personal
profit; and (d) willful misconduct.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
Bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided,
however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided,
further, that we shall not be required to indemnify any director or officer in connection with any proceeding, or part thereof,
initiated by such person unless such indemnification: (a) is expressly required to be made by law, (b) the proceeding was authorized
by our Board of Directors, (c) is provided by us, in our sole discretion, pursuant to the powers vested in us under Nevada law
or (d) is required to be made pursuant to the Bylaws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and control persons
pursuant to the foregoing provisions or otherwise, we have been advised that, in the opinion of the Securities and Exchange Commission,
such indemnification is against public policy, and is, therefore, unenforceable.</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
15. Recent Sales of Unregistered Securities</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
issued a total of 4,250,703 shares to 189 separate accredited foreign shareholders from July 20, 2017 through August 5, 2020,
pursuant to private placements of our common stock exempt from registration under Regulation S of the Securities Act of 1933,
for total proceeds of approximately $7,508,324.26. We issued an additional 21,000,000 shares to our founding shareholder for
services rendered in connection with the formation and organization of the Company issued pursuant to a private placement of
our common stock exempt from registration under Regulation S of the Securities Act of 1933 for a total value of approximately
$21,000. The following table sets forth the Shareholders, Shares Purchased, Purchase Price and the Date Purchased.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: left">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shareholder Name</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shares Purchased</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; font-weight: bold; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Purchase Price $<BR> Per shares</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Amounts received</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Date Purchased</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: left; padding-left: 0">1</TD><TD STYLE="padding-left: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify; text-indent: 0; padding-left: 0">Achim Brossmann</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 13%; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">2.752</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">5,504.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0; padding-left: 0">25-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">2</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Albert Alwin</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.781</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,781.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">2</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Albert Alwin</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.702</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,702.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">3</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Alexander Haindorff</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.730</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,730.45</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Jan-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">4</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Alois Kniewallner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.573</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,455.22</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">4</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Alois Kniewallner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">236,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.401</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">330,586.42</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">4</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Alois Kniewallner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">110,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.879</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">206,731.38</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">4</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Alois Kniewallner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">80,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.681</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">134,499.94</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">5</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Andreas Loecher</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.778</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,555.73</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">5</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Andreas Loecher</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,083</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.618</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,454.11</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">6</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Andreas Oleksow</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.858</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,715.79</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Oct-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">6</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Andreas Oleksow</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.731</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,193.17</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">7</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Andreas Pippig</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.914</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,913.86</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Jun-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">7</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Andreas Pippig</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.625</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,250.34</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">8</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Armin Gemmer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.734</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">27,340.02</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">8</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Armin Gemmer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.219</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,092.59</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Jan-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">9</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Armin Wagner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.436</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">24,362.46</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Jun-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">10</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernhard Hoehnke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.280</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,560.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">11</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Dankelmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.824</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,647.66</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">27-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">11</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Dankelmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.411</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">28,930.44</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">12</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Fricke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.675</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,674.79</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">12</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Fricke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.215</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,861.99</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Jan-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">13</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Klack</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.761</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,521.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">14</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Knorr</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.841</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,682.29</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-May-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">14</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Knorr</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.733</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,465.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">15</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Weicherding</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.054</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,538.80</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">15</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Weicherding</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">31,666</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.466</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">46,409.12</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">15</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Weicherding</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,834</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.623</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,977.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">15</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Weicherding</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">17,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.848</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">14,834.73</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">15</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Bernd Weicherding</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.985</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">19,848.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">16</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Carsten Bechtel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.715</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,430.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">17</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Christian Dubi</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">7,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.788</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,908.61</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">18</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Christoph Gassman</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.768</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">24,277.10</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">27-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">18</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Christoph Gassman</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.768</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,581.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">19</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Christoph Magnusson</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.915</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,661.30</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">20</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Claus Neckel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.535</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">55,775.61</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">20</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Claus Neckel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">205,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.601</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">329,077.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">20</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Claus Neckel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">76,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.308</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">175,434.75</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">20</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Claus Neckel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">50,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.662</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">83,106.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">21</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Colin Weiss</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.318</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,930.06</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">31-Jan-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">21</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Colin Weiss</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.392</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,980.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">22</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Daniel Gisiger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.715</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,715.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">23</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Daniel Runden</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.717</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,717.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">24</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Detlef Lorenz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.763</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,526.66</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">25</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Borner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.885</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,655.61</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Jul-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">25</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Borner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.135</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,406.17</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">26</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Hankiewicz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">7,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.735</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,146.57</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">26</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Hankiewicz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.575</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,149.75</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">26</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Hankiewicz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.071</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,142.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">27</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Held</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.733</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,733.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">28</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dieter Herkenrath</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.776</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,210.62</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; padding-left: 0">29</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dr Kurt Grabner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.845</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,844.90</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 0">30</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Dr Walter Sturm</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.774</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,095.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Dec-17</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 55; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shareholder Name</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shares Purchased</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; font-weight: bold; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Purchase Price $<BR> Per shares</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Amounts received</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Date Purchased</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: justify; text-indent: 0; padding-left: 0">31</TD><TD STYLE="padding-left: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify; text-indent: 0; padding-left: 0">Eberhard Behrend</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 13%; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">1.333</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">6,666.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0; padding-left: 0">6-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">31</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Eberhard Behrend</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,546</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.398</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,893.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">31</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Eberhard Behrend</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">35,454</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.308</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">81,837.30</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">32</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Eckbert Kraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.576</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,303.76</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">33</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Dornisch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.788</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,150.84</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">33</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Dornisch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.084</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">33,347.19</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">33</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Dornisch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">15,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.252</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">36,036.47</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">33</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Dornisch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.252</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">-</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">34</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Pirzer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.715</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,714.54</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">34</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Pirzer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">14,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.213</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">30,975.74</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">34</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Pirzer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">35,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.102</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">73,564.30</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">35</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Edwin Sebenring</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.145</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,581.75</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">27-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">36</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ekkehard Ady</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.764</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,054.93</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">36</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ekkehard Ady</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.376</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">23,758.68</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">37</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ellen Kluthe</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.750</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,750.07</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">37</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ellen Kluthe</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.764</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,528.29</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">38</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Erich Sperer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.290</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,896.33</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">38</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Erich Sperer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.167</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,836.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">39</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Erwin Vaih</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.687</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,716.44</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">40</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Eugen Preuss</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.960</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,919.41</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Nov-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">41</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Falko Hammermuller</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.566</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,131.18</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">1-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">41</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Falko Hammermuller</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.756</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,267.92</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">42</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Frank Kramer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.740</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,739.69</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">43</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Frank Sauer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.552</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,103.94</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Jun-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">44</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Frank Schumann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.757</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,786.80</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">45</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Frank Zimmermann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.773</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,773.43</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">46</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Franz Burger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.715</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,430.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Jan-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">47</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Franz Georg Baaden</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.858</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,715.73</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">47</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Franz Georg Baaden</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.965</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,929.64</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">31-Jan-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">48</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Franz Leitner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.757</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,134.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">49</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Finke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.881</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,761.78</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">49</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Finke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.841</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">14,206.58</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Oct-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">49</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Finke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">50,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.553</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">27,633.98</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">49</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Finke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">45,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.705</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">121,715.11</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">49</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Finke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.472</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,187.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">49</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Finke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,400</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.130</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,500.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">50</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedhelm Noerr</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.344</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,374.82</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">51</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Friedrich Hochleitner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.778</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,668.13</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">31-Jan-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">52</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Georg Sterz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.854</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,417.91</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">53</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">George Hammerschmid</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.057</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,283.02</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">54</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Gerd-Ruediger Schroeder</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,200</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.722</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,266.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">55</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Gerhard Siekmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.685</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,685.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">56</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Gerhard Wagner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.429</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,715.63</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Oct-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">56</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Gerhard Wagner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,800</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.729</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,369.50</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">56</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Gerhard Wagner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.570</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,851.81</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">57</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Greim Bernd</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.750</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,750.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">17-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">58</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Gunter Dally</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.773</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,773.43</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">59</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hanno Schnabel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.845</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,844.93</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Dec-17</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 56; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shareholder Name</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shares Purchased</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; font-weight: bold; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Purchase Price $<BR> Per shares</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Amounts received</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Date Purchased</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: justify; text-indent: 0; padding-left: 0">60</TD><TD STYLE="padding-left: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify; text-indent: 0; padding-left: 0">Hans Erlacher</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 13%; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">2.858</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">5,715.80</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0; padding-left: 0">24-Nov-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">60</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Erlacher</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.248</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,980.16</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">61</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Floeter</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.755</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,754.79</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Oct-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">62</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Hugo Schneider</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.757</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,756.70</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">63</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Juergen Heyer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.950</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,949.72</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">64</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Lutz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.726</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,089.73</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">65</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Wilhelm Fricke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.762</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,523.45</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">65</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hans Wilhelm Fricke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.212</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,057.75</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">3-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">66</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Harald Maier</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.721</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">21,771.08</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">67</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hartmut and Roswitha</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.331</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">23,309.87</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">17-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">68</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hauf Ernst</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.708</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,830.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">68</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hauf Ernst</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.770</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,622.84</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">69</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Heini Herbstler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.716</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,431.68</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">69</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Heini Herbstler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.750</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,499.02</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">70</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Heinich Conen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.713</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,712.53</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-May-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">70</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Heinich Conen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.757</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,756.70</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">71</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Heinz Berger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.951</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,951.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">17-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">72</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helga Albert</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.721</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,885.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">17-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">72</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helga Albert</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.433</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">7,298.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">73</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Backes</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.817</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,452.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">73</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Backes</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.624</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">7,871.42</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">74</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Gebert</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,125</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.058</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,489.02</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">74</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Gebert</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,084</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.623</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,466.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">75</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Lachmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.547</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">33,109.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Oct-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">76</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Lantzberg</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,200</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.621</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,715.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">76</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Lantzberg</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,800</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.277</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">26,554.81</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-May-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">76</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Lantzberg</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3.044</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,132.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">77</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Lubinski</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.734</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,468.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">78</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Pascher</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.736</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,679.52</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">78</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Pascher</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.278</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,388.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">79</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Roschlak</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.496</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">39,936.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">79</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Helmut Roschlak</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.391</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,519.50</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">80</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Herbert Roseneder</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">30,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.778</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">23,330.11</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">80</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Herbert Roseneder</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.880</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">37,590.77</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">17-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">81</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hermann Geller</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.702</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,702.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">82</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Hermann Kreis</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.705</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,704.58</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">3-May-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">83</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Holly Rudiger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.720</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">21,761.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">83</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Holly Rudiger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.364</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">51,998.35</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-May-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">84</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Horst Bolten</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.380</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,034.71</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">84</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Horst Bolten</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.380</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">19,426.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">84</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Horst Bolten</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">435</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.380</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">25,169.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">85</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Horst Donhauser</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.730</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,729.85</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">86</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ingo Schimke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.737</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,474.56</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">3-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">87</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Irmer Rudiger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.709</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,709.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">88</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ismail Karaca</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.725</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,724.55</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">89</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Joachim Frey</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.735</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,469.99</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">90</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Joachim Mueller</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.723</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,722.51</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-May-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">91</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Joachim Putz</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.726</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,726.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Nov-19</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 57; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shareholder Name</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shares Purchased</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; font-weight: bold; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Purchase Price $<BR> Per shares</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Amounts received</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Date Purchased</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: justify; text-indent: 0; padding-left: 0">92</TD><TD STYLE="padding-left: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify; text-indent: 0; padding-left: 0">Johannes Bayer</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 13%; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">2.360</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">4,720.98</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0; padding-left: 0">11-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">92</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Johannes Bayer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.850</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,550.57</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">27-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">93</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Johann Obehammer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.724</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,447.40</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">94</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Josef Reinkober</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.645</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,644.67</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">94</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Josef Reinkober</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.850</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,400.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">1-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">94</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Josef Reinkober</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">25,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.261</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">56,519.51</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">95</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Jozef Balogh</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">30,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.923</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">27,675.33</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Jul-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">95</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Jozef Balogh</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">50,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.146</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">57,308.89</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Nov-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">95</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Jozef Balogh</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">240,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.191</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">285,775.81</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">10-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">96</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Bergheim</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.769</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,769.33</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Jan-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">97</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Ellinger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">19,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.319</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">44,057.40</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">97</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Ellinger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">35,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.206</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">77,224.26</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">98</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Knoblauch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">75,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.004</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">75,281.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">98</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Knoblauch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">32,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.667</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">86,688.74</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">98</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Knoblauch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,700</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.918</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">43,539.48</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">99</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Koegel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.773</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,090.19</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">99</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Koegel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,445</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.378</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,572.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">100</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Rist</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.757</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,756.86</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">101</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Schlate-Ditgens</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.718</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,718.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">102</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Juergen Volkmar</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.761</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,521.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">103</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Jurgen Pawliczek</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.845</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,844.89</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Nov-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">103</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Jurgen Pawliczek</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.969</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,907.97</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">104</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Bader</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.878</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,877.62</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">105</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Dreschler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.742</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,742.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">106</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Heinz Hesse</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.764</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,764.44</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">107</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Heinz Steeg</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.543</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,086.40</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">107</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Heinz Steeg</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,200</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.777</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,109.67</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">108</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Hettwer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.734</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,734.10</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">109</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Hutter</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.724</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,620.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">109</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Hutter</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.785</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,923.08</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">109</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Hutter</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.301</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">23,013.09</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">109</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Karl Hutter</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.802</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">36,031.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">110</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Klaus Kuehnelt</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.763</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,050.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">110</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Klaus Kuehnelt</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.774</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,097.70</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">3-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">111</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Klausdieter Schwabe</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.837</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,674.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">112</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Knud Jansen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.758</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,032.32</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">112</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Knud Jansen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.761</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,090.63</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">113</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Kurt Schaefer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.696</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,695.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">114</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Lidia Schaar</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.572</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,579.45</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">115</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ludwig Grote</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.764</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,764.44</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">3-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">115</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ludwig Grote</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.206</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,028.06</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">116</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Lushan Venture Consult Gmbh</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.753</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,013.52</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">117</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Maik Lasar</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.764</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,764.44</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">118</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Ammon</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.730</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,918.58</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Feb-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">119</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Baumann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3.070</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">24,563.54</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">119</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Baumann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">32,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.751</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">88,020.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-May-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">119</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Baumann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">40,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.944</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">77,757.48</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">120</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Brauning</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.819</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,819.28</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Feb-19</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 58; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shareholder Name</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shares Purchased</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; font-weight: bold; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Purchase Price $<BR> Per shares</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Amounts received</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Date Purchased</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: justify; text-indent: 0; padding-left: 0">121</TD><TD STYLE="padding-left: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify; text-indent: 0; padding-left: 0">Manfred Brunner</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 13%; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">2.221</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">22,213.76</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0; padding-left: 0">28-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">121</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Brunner</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.763</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,526.94</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Jan-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">122</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Engel</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.940</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,939.59</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">123</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Glaschke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.363</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,452.10</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-May-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">124</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Klose</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.771</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,541.49</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">125</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Meiborn</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.751</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,751.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">126</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Manfred Sadeler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.675</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,675.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">127</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Marcel Beerli</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">18,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.718</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">48,931.14</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Jan-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">128</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Maria Semmelrock-Picej</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.573</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">25,726.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">129</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Mario Kubler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.816</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">14,079.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">130</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Martin Sonderegger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.753</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,506.41</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">131</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Matthias Baumgart</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.793</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,586.50</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">132</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Matthias Wehl</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.646</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,645.91</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">1-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">133</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Baranowski</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.820</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,820.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">134</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Boehm</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.969</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,938.23</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">27-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">134</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Boehm</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.733</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,930.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">135</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Essenwanger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.705</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,705.04</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">136</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Kraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.404</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">28,850.48</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">136</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Kraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">61,600</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.129</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">69,577.17</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">136</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Michael Kraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">47,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.208</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">103,783.50</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">137</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Mike Brugger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.776</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,776.33</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">27-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">138</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Norbert Hellenkamp</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.746</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,491.81</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-May-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">139</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Norbert Schindler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.951</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,951.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">16-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">140</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Oliver Debus</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.951</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,951.44</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">141</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Paulssen Uta</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.711</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,710.50</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">142</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Peter Bodenstein</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3.026</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,025.55</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">143</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Peter Jansen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.750</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,000.42</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">28-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">144</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Peter Juergensen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.927</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,781.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">144</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Peter Juergensen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.405</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,026.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">145</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Peter Voecklinghaus</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.958</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,832.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">146</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rainer Gaenssle</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.745</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,468.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">147</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rainer Lachmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,334</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.126</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">17,718.63</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">147</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rainer Lachmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">95,916</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.722</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">69,254.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">147</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rainer Lachmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">7,900</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.107</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,641.80</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">147</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rainer Lachmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">14,850</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.201</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">32,692.13</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">147</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rainer Lachmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.219</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,190.56</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Jan-20</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">148</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Eisenbraun</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.727</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,454.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">148</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Eisenbraun</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.790</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,321.42</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">148</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Eisenbraun</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.545</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">33,088.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">148</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Eisenbraun</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">7,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.284</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">15,988.15</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">149</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Janach</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">40,442</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.621</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">65,538.60</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">149</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Janach</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">60,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.704</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">42,228.63</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">149</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Janach</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">48,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.403</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">115,329.83</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">149</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Reinhold Janach</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">50,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.955</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">97,747.40</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-May-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">150</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rene Faak</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.781</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,781.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">151</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Richard Selbach</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.270</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,352.33</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">152</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rita Hussong</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.535</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,281.77</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Jan-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">153</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Robert Bauer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.771</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,085.43</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">153</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Robert Bauer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">14,100</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.461</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">34,700.86</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">153</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Robert Bauer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,800</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.282</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,955.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Jul-19</TD></TR>
</TABLE>



<!-- Field: Page; Sequence: 59; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shareholder Name</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Shares Purchased</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; font-weight: bold; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Purchase Price $<BR> Per shares</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Amounts received</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; white-space: nowrap; text-align: justify; border-bottom: Black 1pt solid; text-indent: 0">Date Purchased</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 4%; text-align: justify; text-indent: 0; padding-left: 0">154</TD><TD STYLE="padding-left: 0; width: 1%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: justify; text-indent: 0; padding-left: 0">Rolf Hinderer</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 13%; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">2.750</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 12%; text-align: right; text-indent: 0">5,499.02</TD><TD STYLE="padding-left: 0; white-space: nowrap; width: 1%; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; width: 2%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 14%; text-align: justify; text-indent: 0; padding-left: 0">6-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">155</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rolf Mauti</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.827</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,307.01</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">155</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rolf Mauti</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.656</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,624.77</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">156</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rolf Schraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.259</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">15,106.42</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">29-Nov-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">156</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rolf Schraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.673</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,693.74</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Feb-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">156</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rolf Schraft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.890</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,340.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">156</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rolf Scharft</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.887</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">15,095.18</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">3-May-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">157</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Rudiger Karsten</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.733</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,466.10</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">13-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">158</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ruscio Marcello</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.764</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,293.43</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">158</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ruscio Marcello</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.577</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,154.82</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">22-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">159</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Sandra Flick</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.702</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,701.71</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">160</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Scheel Dirk</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.872</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,871.95</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">161</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Heger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.510</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,020.30</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">8-Aug-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">161</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Heger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">98,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.336</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">130,909.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Dec-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">161</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Heger</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">50,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.700</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">84,982.09</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Jan-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">162</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Hoelle</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,200</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.673</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,228.49</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Apr-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">162</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Hoelle</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.707</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">59,560.55</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">163</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Morath</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.718</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,718.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">6-Nov-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">163</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Morath</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">19,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.529</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">49,324.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Mar-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">163</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Morath</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.173</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">26,070.12</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">163</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Morath</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">13,500</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.453</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">33,117.81</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Feb-20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">164</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Siegfried Schmiedener</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.752</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,752.06</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">2-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">165</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Sieghard Woehr</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.703</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,702.56</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">166</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Steffen Mueller</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.783</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,130.17</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Jun-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">167</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Teichmann Jens</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.872</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,871.95</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">168</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Thomas Frey</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.778</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,670.11</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">169</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Thomas Pfadenhauer</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,167</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.672</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">21,825.73</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">170</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Toresten Grossmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.755</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,755.10</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Oct-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">171</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ulrich Mang</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,200</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.744</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">3,292.46</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">15-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">172</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ulrich Zwissler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">8,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.774</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">22,191.56</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Oct-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">172</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ulrich Zwissler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">242,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.014</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">245,436.83</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">4-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">172</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ulrich Zwissler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">250,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.753</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">438,275.04</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Apr-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">172</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Ulrich Zwissler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">125,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.883</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">235,396.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">23-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">173</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Walter Hillebrand</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.692</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,768.48</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">24-Sep-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">173</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Walter Hillebrand</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.653</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">42,454.19</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Nov-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">174</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Waltraud Scheld-Fehren</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.845</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,844.74</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">10-Nov-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">175</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Werner Jantke</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.845</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,844.82</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Oct-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">176</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Werner Preugschat</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.555</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,555.24</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">14-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">177</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wilfried Buesch</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.718</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">10,872.35</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">25-Jul-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">178</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wilfried Lahmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">108,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.225</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">240,342.77</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">31-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">178</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wilfried Lahmann</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">140,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.125</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">157,501.04</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">20-Feb-20</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">179</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Willi Seelig</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.639</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,277.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">30-Aug-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">180</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Willy Mattes</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.360</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,720.98</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">11-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">181</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolf Dieter Windgassen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.845</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,844.93</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">12-Dec-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">182</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Freitag</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,222</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.542</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,647.66</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">183</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Hoffman</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">20,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.168</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">23,361.88</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">9-Aug-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">183</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Hoffman</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1.431</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">12,878.66</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">26-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">184</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Luebbe</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.740</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,740.11</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Oct-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">185</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Melber</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.951</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,951.31</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">7-Mar-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">186</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Unterholler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">4,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.884</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">11,535.48</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">21-Sep-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">186</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang Unterholler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.753</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,506.06</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">10-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">187</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang von Plessen</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.735</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,735.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">18-Oct-18</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">188</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang-Hans Tischler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.730</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">9,460.36</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">19-Jul-18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">188</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang-Hans Tischler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.733</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">5,466.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">5-Feb-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">188</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Wolfgang-Hans Tischler</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">6,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">2.714</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">16,282.48</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">10-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">189</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Yuen May Cheung</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.001</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">1,000.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">10-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">189</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">Yuen May Cheung</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">19,000,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">0.001</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">19,000.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">10-Dec-19</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; text-indent: 0; padding-left: 0">189</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-bottom: 1pt; text-indent: 0; padding-left: 0">Yuen May Cheung</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-bottom: 1pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-align: right; text-indent: 0">1,000,000</TD><TD STYLE="padding-left: 0; white-space: nowrap; padding-bottom: 1pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-bottom: 1pt; text-align: left; text-indent: 0">$</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-align: right; text-indent: 0">0.001</TD><TD STYLE="padding-left: 0; white-space: nowrap; padding-bottom: 1pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; border-bottom: Black 1pt solid; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; border-bottom: Black 1pt solid; text-align: right; text-indent: 0">1,000.00</TD><TD STYLE="padding-left: 0; white-space: nowrap; padding-bottom: 1pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 1pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-bottom: 1pt; text-indent: 0; padding-left: 0">5-Jan-17</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; white-space: nowrap; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; text-indent: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; text-indent: 0; padding-left: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; text-indent: 0; padding-left: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-align: right; text-indent: 0">25,250,703</TD><TD STYLE="padding-left: 0; white-space: nowrap; padding-bottom: 2.5pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-align: right; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; white-space: nowrap; padding-bottom: 2.5pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; border-bottom: Black 2.5pt double; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; border-bottom: Black 2.5pt double; text-align: right; text-indent: 0">7,529,324.26</TD><TD STYLE="padding-left: 0; white-space: nowrap; padding-bottom: 2.5pt; text-align: left; text-indent: 0">&nbsp;</TD><TD STYLE="padding-left: 0; padding-bottom: 2.5pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-bottom: 2.5pt; text-indent: 0; padding-left: 0">&nbsp;</TD></TR>
</TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
16. Exhibits and Financial Statement Schedules</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibits:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following exhibits are filed as part of this registration statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="white-space: nowrap; border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
    No.</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 86%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><A HREF="ex3-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ex. 3.1</FONT></A></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><A HREF="ex3-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certificate of Incorporation</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><A HREF="ex3-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ex. 3.2</FONT></A></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><A HREF="ex3-2.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bylaws</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><A HREF="ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ex. 5.1</FONT></A></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><A HREF="ex5-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Legal Opinion and Consent of Lane &amp; Associates, P.A.</FONT></A></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex23-1.htm">Ex. 23.1</A></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ex23-1.htm">Opinion of Centurion ZD CPA &amp; Co.</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Undertakings</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
undersigned Registrant hereby undertakes:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
include any prospectus required by Section 10(a) (3) of the Securities Act of 1933;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent
post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth
in this registration statement; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.3in"></TD><TD STYLE="width: 0.3in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
include any material information with respect to the plan of distribution not previously disclosed in this registration statement
or any material change to such information in the registration statement.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">That,
for the purpose of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered herein, and the Offering of such securities at that time shall be deemed
to be the initial bona fide Offering thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold
at the termination of the Offering.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions described above, or otherwise, the Registrant has been advised
that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opini<I><U>on of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.</U></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Each
prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration
statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included
in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in
a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to
a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration
statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date
of first use.</U></I></FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Act of 1933, the Registrant has duly caused this Registration Statement on Form S-1 to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City of Sparks on August 5, 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4DMED,
    LTD.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
    <I><U>/s/ Yuen May Cheung</U></I></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Yuen May Cheung</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Chief Executive Officer, President and Director</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
    executive officer)</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
    <I><U>/s/Yuen May Cheung</U></I></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Yuen May Cheung</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    Chief Financial Officer</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
    financial officer)</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities and on the dates indicated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
    <U>Yuen May Cheung</U></I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August
    5, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Yuen May Cheung</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer, President and Director</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
    executive officer)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>/s/
    Yuen May Cheung</U></I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August
    5, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Yuen May Cheung</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
    accounting officer)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>/s/
    Hau Tin Cheung</U></I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">August
    5, 2020</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Hau Tin Cheung</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

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[{"type": "S-1", "sequence": "1", "filename": "form-s1.htm", "description": "4MED, LTD. S-1", "secsgml_size_bytes": 1183077}]
{"company-data": {"conformed-name": "4DMed, Ltd.", "cik": "0001820222", "irs-number": "822523472", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-1", "act": "33", "file-number": "333-241060", "film-number": "201078988"}, "business-address": {"street1": "4650 WEDEKIND ROAD, #2", "city": "SPARKS", "state": "NV", "zip": "89431", "phone": "(775) 882-7549"}, "mail-address": {"street1": "4650 WEDEKIND ROAD, #2", "city": "SPARKS", "state": "NV", "zip": "89431"}}
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
S-1
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
4DMED,
    LTD.
(Name
    of registrant as specified in its charter)
Nevada
8099
82-2523472
(State
    or jurisdiction of incorporation or
organization)
(Primary
    Standard Industrial
Classification Code Number)
(I.R.S.
    Employer Identification No.)
11/F
    Capital Centre,
151
    Gloucester Road, Wanchai,
Hong
    Kong
(852)
    93841733
(Address,
    including zip code, and telephone number, including area code, of Registrant's principal executive offices)
Resident
    Agency National
4650
    Wedekind Road, #2
Sparks,
    Nevada 89431
(775)
    882-7549
With
    a copy to:
Lane
    & Associates, P.A.
c/o
    Paul Camp Lane
5401
    S. Kirkman Road
Suite
    310
Orlando,
    FL 32819
(407)
    316-0343
(Name,
    address, including zip code, and telephone number, including area code, of agent for service)
Approximate
date of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.
If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933 check the following box:
x
If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please
check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement
for the same offering.
o
If
this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering.
o
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller
reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated
filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated
    filer
o
Accelerated filer
o
Non-accelerated
    filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
x
Emerging growth company
x
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities
Act.
x
Title of Each Class of Securities to be Registered
Amount to be
Registered
Proposed
Maximum
Offering Price
per Security(1) ($)
Proposed
Maximum
Aggregate
Offering
Price(1) ($)
Amount of
Registration
Fee ($)
Selling Shareholders
400,000
$
1.00
$
400,000
$
51.92
(1)
Estimated
solely for purposes of calculating the registration fee in accordance with Rule 457 of the Securities Act of 1933.
The
registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until
the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become
effective in accordance with section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective
on such date as the Securities and Exchange Commission, acting pursuant to said section 8(a), may determine.
1
The
information in this prospectus is not complete and may be amended. The Registrant may not sell these securities until the Registration
Statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities
and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
SUBJECT
TO COMPLETION DATED ___________, 2019
PRELIMINARY
PROSPECTUS
4DMED,
LTD.
400,000 SHARES OF COMMON STOCK
OFFERING PRICE $1.00 PER SHARE
This
prospectus relates to the offering (the Offering") of 400,000 shares of our common stock by our Selling Shareholders at
a fixed offering price of $1.00 per share until our shares are quoted on the Over-the-Counter Bulletin Board, and thereafter at
prevailing market prices or privately negotiated prices. We will pay all expenses incurred in this Offering (other than transfer
taxes), and the Selling Shareholders will receive all of the net proceeds from this Offering.
AN
INVESTMENT IN OUR SECURITIES IS SPECULATIVE. INVESTORS SHOULD BE ABLE TO AFFORD THE LOSS OF THEIR ENTIRE INVESTMENT. YOU SHOULD
CAREFULLY CONSIDER THE FACTORS DESCRIBED UNDER THE HEADING "RISK FACTORS" BEGINNING ON PAGE 6 BEFORE INVESTING
IN OUR COMMON STOCK.
Prior
to this Offering, there has been no public market for our common stock and we have not applied for the listing or quotation of
our common stock on any public market. We have arbitrarily determined the offering price of $1.00 per share in relation to this
Offering. The offering price bears no relationship to our assets, book value, earnings or any other customary investment criteria.
After the effective date of the registration statement, we intend to seek a market maker to file an application with the Financial
Industry Regulatory Authority ("FINRA") to have our common stock quoted on the OTC Bulletin Board. We may never be
approved for trading on any exchange. We currently have no market maker who is willing to list quotations for our stock. There
is no assurance that an active trading market for our shares will develop or will be sustained if developed.
You
should rely only on the information contained in this prospectus. We have not authorized anyone to provide you with information
different from that contained in this Prospectus. The information contained in this prospectus is accurate only as of the date
of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our common shares.
The
Company is an emerging growth company under the Jumpstart Our Business Startups Act.
NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR
PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The
date of this prospectus is _______, 2020
2
TABLE
OF CONTENTS
The
following table of contents has been designed to help you find information contained in this prospectus. We encourage you to read
the entire prospectus.
Page
PROSPECTUS SUMMARY
4
RISK FACTORS
6
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
11
USE OF PROCEEDS
11
DILUTION
11
DETERMINATION OF THE OFFERING PRICE
11
DIVIDEND POLICY
11
MARKET FOR OUR COMMON STOCK
11
DESCRIPTION OF OUR BUSINESS
12
MANAGEMENT
20
EXECUTIVE COMPENSATION
21
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
21
PRINCIPAL SHAREHOLDERS
22
PLAN OF DISTRIBUTION
22
SELLING SHAREHOLDERS
25
DESCRIPTION OF SECURITIES
26
SHARES ELIGIBLE FOR FUTURE SALE
26
LEGAL MATTERS
27
EXPERTS
27
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES LIABILITIES
27
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
27
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
28
FINANCIAL STATEMENTS
F-1
3
PROSPECTUS
SUMMARY
This
Prospectus and any supplement to this Prospectus include "forward-looking statements". To the extent that the
information presented in this Prospectus discusses financial projections, information or expectations about our business
plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are
forward-looking. Such forward-looking statements can be identified by the use of words such as "intends",
"anticipates", "believes", "estimates", "projects", "forecasts",
"expects", "plans" and "proposes". Although we believe that the expectations reflected in these
forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could
cause actual results to differ materially from such forward-looking statements. These include, among others, the cautionary
statements in the "Risk Factors" section beginning on page 6 of this Prospectus and the "Management's
Discussion and Analysis of Financial Position and Results of Operations" section beginning on page 28  of this
Prospectus.
This
summary only highlights selected information contained in greater detail elsewhere in this Prospectus. This summary does not contain
all of the information that you should consider before investing in our common stock. You should carefully read the entire Prospectus,
including "Risk Factors" beginning on page 6, and the consolidated financial statements, before making an investment
decision.
Corporate
Background and Business Overview
4DMed,
Ltd. ("4DMed", the "Company" "we" or "us") is a development stage company. We
were incorporated under the laws of the state of Nevada on November, 2016. We are a medical software and medical device development
company that intends to design, patent, and market a medical virtual reality operating system with integrated, customary haptic
and position sensing interfaces for the health care education research, software and medical device markets.
Our
Hong Kong business office is located at 11/F, Capital Centre, 151 Gloucester Road, Wanchai, Hong Kong. This office is provided
to us by our Chief Executive Officer, President and Director, Yuen May Cheung, at no cost to our Company. Our telephone number
is (852) 93841733.
We
have one (1) executive officer, Yuen May Cheung, our Chief Executive Officer and President, Chief Financial Officer and Secretary.
Our two (2) Directors are Yuen May Cheung and Hau Tin Cheung.
We
are a development stage company that has generated no revenues and has had limited operations to date. At June 30, 2020, the
Company had not yet recorded any revenues, has working capital of $132,969 and has an accumulated deficit of $3,676,041. As
of June 30, 2020, we had $4,319,153 in current assets and current liabilities of $35,581. Through June 30, 2020, we have
issued an aggregate of 25,250,703 shares of our common stock since our inception. We issued 21,000,000 shares of our common
stock to one (1) founding shareholder for services. We issued a total of 4,250,703 shares to 188 separate accredited foreign
shareholders from July 20, 2017 through August 5, 2020, pursuant to private placements of our common stock exempt from
registration under Regulation S of the Securities Act of 1933, for total proceeds of approximately $7,508,324.26. Since our
inception we have not made any significant purchase or sale of assets, nor have we been involved in any mergers, acquisitions
or consolidations.
Due
to the uncertainty of our ability to meet our current operating and capital expenses, our independent auditors have included a
going concern opinion in their report on our audited financial statements for the period December 31, 2019. The notes to our financial
statements contain additional disclosure describing the circumstances leading to the issuance of a going concern opinion by our
auditors.
Implications
of Being an Emerging Growth Company
As
a company with less than $1 billion in revenue in our last fiscal year, we are defined as an "emerging growth company"
under the Jumpstart Our Business Startups ("JOBS") Act. We will retain "emerging growth company" status
until the earliest of:
●
The
last day of the fiscal year during which our annual revenues are equal to or exceed $1 billion;
●
The
last day of the fiscal year following the fifth anniversary of our first sale of common stock pursuant to a registration statement
filed under the Securities Act of 1933, as amended, which we refer to in this document as the Securities Act;
●
The
date on which we have issued more than $1 billion in nonconvertible debt in a previous three-year period; or
●
The
date on which we qualify as a large accelerated filer under Rule 12b-2 adopted under the Securities Exchange Act of 1934, as amended
(the "Exchange Act") (i.e., an issuer with a public float of $700 million that has been filing reports with the U.S.
Securities and Exchange Commission ("SEC") under the Exchange Act for at least 12 months).
4
As
an emerging growth company, we may take advantage of specified reduced disclosure and other requirements that are otherwise applicable
generally to SEC reporting companies. For so long as we remain an emerging growth company we will not be required to:
●
have
an auditor report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Wall Street
Reform and Consumer Protection Act of 2002;
●
comply
with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation
or a supplement to the auditor's report providing additional information about the audit and the financial statements (i.e.,
an auditor discussion and analysis);
●
submit
certain executive compensation matters to stockholder non-binding advisory votes;
●
submit
for stockholder approval golden parachute payments not previously approved;
●
disclose
certain executive compensation related items, as we will be subject to the scaled disclosure requirements of a smaller reporting
company with respect to executive compensation disclosure; and
●
present
more than two years of audited financial statements and two years of selected financial data in this registration statement and
future filings, instead of the customary three years for audited financial statements and five years for selected financial data.
We
have not elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2)
of The JOBS Act.
Because
the worldwide market value of our common stock held by non-affiliates, or public float, is below $75 million, we are also a "smaller
reporting company" as defined under the Exchange Act. Some of the foregoing reduced disclosure and other requirements are
also available to us because we are a smaller reporting company and may continue to be available to us even after we are no longer
an emerging growth company under the JOBS Act but remain a smaller reporting company under the Exchange Act. As a smaller reporting
company we are not required to:
●
have
an auditor report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act; and
●
present
more than two years of audited financial statements in our registration statements and annual reports on Form 10-K and present
any selected financial data in such registration statements and annual reports.
Summary
of the Offering
Shares
    of common stock being offered by the Registrant:
400,000
    shares (the "Maximum Offering") of the Selling Shareholder's common stock.
Offering
    price:
$1.00
    per share of common stock.
Number
    of shares outstanding before the Offering:
As
    of August 5, 2020, we had 25,250,703 shares of our common stock issued and outstanding, and no issued and outstanding
    convertible securities.
Number
    of shares outstanding after the Offering
25,250,703
    if all of the shares being offered are sold
Market
    for the common stock:
There
    is no public market for our common stock. After the effective date of the registration statement of which this prospectus
    is a part, we intend to seek a market maker to file an application on our behalf to have our common stock quoted on the Over-the-Counter
    Bulletin Board. We may never be approved for trading on any exchange. We currently have no market maker who is willing to
    list quotations for our stock. There is no assurance that a trading market for our stock will develop be sustained if developed
Use
    of Proceeds:
No
    proceeds to the Company.
Risk
    Factors:
See
    the "Risk Factors" beginning on page 6 and the other information in this prospectus for a discussion of the factors
    you should consider before deciding to invest in shares of our common stock.
Dividend
    Policy:
We
    have not declared or paid any dividends on our common stock since our inception, and we do not anticipate paying any such
    dividends for the foreseeable future.
5
Summary
Financial Data
The
following summary financial information for the period from January 1, 2019, through June 30, 2020, includes statement of expenses
and balance sheet data from our audited financial statements. The information contained in this table should be read in conjunction
with "Management's Discussion and Analysis of Financial Condition and Results of Operation" and the financial
statements and accompanying notes included in this prospectus.
Statement
of Operations
Period from
January 1,
2019 To
December 31,
2019
Six Months
Ended June
30, 2020
(Unaudited)
Revenues
$
0
0
Total expenses
$
(2,336,135
)
$
(799,080
)
Net loss
$
(2,336,135
)
$
(799,080
)
Balance
Sheet Data
June 30, 2020
(Unaudited)
Total assets
$
4,319,153
Total liabilities
$
35,581
Total liabilities and stockholders' equity (deficit)
$
4,319.153
RISK
FACTORS
An
investment in our common stock involves a high degree of risk. You should carefully consider the following risk factors and other
information in this prospectus before deciding to invest in our Company. If any of the following risks actually occur, our business,
financial condition, results of operations and prospects for growth could be seriously harmed. As a result, the trading price
of our common stock could decline and you could lose all or part of your investment.
Risks
Relating to Our Business
There
is uncertainty regarding our ability to continue as a going concern, indicating the possibility that we may be required to curtail
or discontinue our operations in the future. If we discontinue our operations, you may lose all of your investment.
We
have incurred a net loss of ($799,080) for the six months ended June 30, 2020, and an accumulated deficit of $2,876,961 as of
June 30, 2020, and have completed only the preliminary stages of our business plan. We anticipate incurring additional losses
before realizing any revenues and will depend on additional financing in order to meet our continuing obligations and ultimately,
to attain profitability. The financial statements do not include any adjustments that might result from the uncertainty about
our ability to continue our business. If we are unable to obtain additional financing from outside sources and eventually produce
enough revenues, we may be forced to sell our assets, or curtail or discontinue our operations. If this happens, you could lose
all or part of your investment.
We
are in an early stage of development. If we are not able to develop our business as anticipated, we may not be able to generate
revenues or achieve profitability and you may lose your investment.
We
were incorporated on November 2, 2016. We are in an early stage of development and have not earned any revenues to date. Our business
prospects are difficult to predict because of our limited operating history, early stage of development, and unproven business
strategy. For the six month period ending June 30, 2020, we have incurred accumulated net losses of ($799,080). We expect to continue
to incur operating losses for the foreseeable future, and such losses may be substantial. Given our history of operating losses,
we cannot assure you that we will be able to achieve or maintain operating profitability on an annual or quarterly basis or at
all. If we are unable to execute our business plan as anticipated, we may not be able to generate revenues or achieve profitability
and you may lose your investment.
6
We
expect to suffer losses in the immediate future that may cause us to curtail or discontinue our operations.
We
expect to incur operating losses in future periods. These losses will occur because we do not yet have any revenues to offset
the expenses associated with the development of our business operations, generally. We cannot guarantee that we will ever be successful
in generating revenues in the future. We recognize that if we are unable to generate revenues, we will not be able to earn profits
or continue operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful,
and we can provide investors with no assurance that we will generate any operating revenues or ever achieve profitable operations.
If we are unsuccessful in addressing these risks, our business will almost certainly fail.
We
have limited sales and marketing experience, which increases the risk that our business will fail.
Our
officers, who will be responsible for marketing, have only nominal sales and marketing experience. There can be no assurance that
our efforts will be successful. Further, if our initial efforts to create a market are not successful, there can be no assurance
that we will be able to attract and retain qualified individuals with marketing and sales expertise to attract customer. Our future
success will depend, among other factors, upon whether our products and services can be sold at a profitable price and the extent
to which consumers acquire, adopt, and continue to use them.
We
may not be able to execute our business plan or stay in business without additional funding.
Our
ability to generate future operating revenues depends in part on whether we can obtain the financing necessary to implement our
business plan. We will likely require additional financing through the issuance of debt and/or equity in order to establish profitable
operations, and such financing may not be forthcoming. As widely reported, the global and domestic financial markets have been
extremely volatile in recent months. If such conditions and constraints continue or if there is no investor appetite to finance
our specific business, we may not be able to acquire additional financing through credit markets or equity markets. Even if additional
financing is available, it may not be available on terms favorable to us. At this time, we have not identified or secured sources
of additional financing. Our failure to secure additional financing when it becomes required will have an adverse effect on our
ability to remain in business.
If
our estimates related to future expenditures are erroneous or inaccurate, our business will fail and you could lose your entire
investment.
Our
success is dependent in part upon the accuracy of our management's estimates of our future cost expenditures for legal and
accounting services (including those we expect to incur as a publicly reporting company), for research and development, construction,
marketing, and for administrative expenses over the next twelve (12) months. If such estimates are erroneous or inaccurate, or
if we encounter unforeseen costs, we may not be able to carry out our business plan, which could result in the failure of our
business and the loss of your entire investment.
Our
auditor has raised substantial doubts about our ability to continue as a going concern and if we are unable to continue our business,
our shares may have little or no value.
Our
ability to become a profitable operating company is dependent upon our ability to generate revenues and/or obtain financing adequate
to fulfill its research and market introduction activities, and achieving a level of revenues adequate to support our cost structure
has raised substantial doubts about our ability to continue as a going concern. We plan to attempt to raise additional equity
capital by selling shares, if necessary, through one or more private placement or public offerings. However, the doubts raised,
relating to our ability to continue as a going concern, may make our shares an unattractive investment for potential investors.
These factors, among others, may make it difficult to raise any additional capital.
We
are a small company with limited resources relative to our competitors and we may not be able to compete effectively.
Our
competitors have longer operating histories, greater resources and name recognition, and a larger base of customers than we have.
As a result, these competitors will have greater credibility with our potential customers. They also may be able to adopt more
aggressive pricing policies and devote greater resources to the development, promotion, and sale of their services than we may
be able to devote to our services. Therefore, we may not be able to compete effectively and our business may fail.
7
The
loss of the services of any of our officers or our failure to timely identify and retain competent personnel could negatively
impact our ability to develop our website and sell our services.
The
development of our business will continue to place a significant strain on our limited personnel, management, and other resources.
Our future success depends upon the continued services of our executive officer, Yuen May Cheung, our Chief Executive Officer,
President, and Chief Financial Officer, who is developing our business, and on our ability to identify and retain competent consultants
and employees with the skills required to execute our business objectives. The loss of the services of any of our officers or
our failure to timely identify and retain competent personnel could negatively impact our ability to develop our website and sell
our services, which could adversely affect our financial results and impair our growth.
Our
Chief Executive Officer and Chief Financial Officer has conflicts of interest in that she has other time commitments that will
prevent her from devoting full-time to our operations, which may affect our operations.
Because
our Chief Executive Officer and Chief Financial Officer, Yuen May Cheung, only devote approximately fifty percent (50%) of her
full working time to operation and management of us, the implementation of our business plans may be impeded. Ms. Cheung has limited
time in which to devote to our operations, which may slow our operations and may reduce our financial results and as a result,
we may not be able to continue with our operations. Additionally, if Ms. Cheung became unable to handle her daily duties of the
Chief Executive Officer and Chief Financial Officer on her own, we may not be able to hire additional qualified personnel to replace
her in a timely manner. If this event should occur, we may not be able to reach profitability, which might result in the loss
of some or all of your investment in our common stock.
We
are subject to financing and interest rate exposure risks.
Our
future success depends on our ability to access capital markets and obtain financing on reasonable terms. Our ability to access
financial markets and obtain financing on commercially reasonable terms in the future is dependent on a number of factors, many
of which we cannot control, including changes in:
●
our
credit rating;
●
interest
rates;
●
the
structured and commercial financial markets;
●
market
perceptions of us and the oil and natural gas exploration and production industry; and
●
tax
burdens due to new tax laws.
Any
amounts due under our credit facility will bear interest at a variable rate. Any increases in our interest rates, or our inability
to access the debt or equity markets on reasonable terms, could have an adverse impact on our financial condition, results of
operations and growth prospects.
Risks
Relating to Our Common Stock
There
is no active trading market for our common stock and if a market for our common stock does not develop, our investors will be
unable to sell their shares.
There
has been no public market for our securities and there can be no assurance that an active trading market for the securities offered
herein will develop or be sustained after this Offering. After the effective date of the registration statement of which this
prospectus is a part, we intend to identify a market maker to file an application with the Financial Industry Regulatory Authority
("FINRA") to have our common stock quoted on the Over-the-Counter Bulletin Board. We must satisfy certain criteria
in order for our application to be accepted. We may never be approved for trading on any exchange. We do not currently have a
market maker willing to participate in this application process, and even if we identify a market maker, there can be no assurance
as to whether we will meet the requisite criteria or that our application will be accepted. Our common stock may never be quoted
on the Over-the-Counter Bulletin Board or a public market for our common stock may not materialize if it becomes quoted.
If
our securities are not eligible for initial or continued quotation on the Over-the-Counter Bulletin Board or if a public trading
market does not develop, purchasers of the common stock in this Offering may have difficulty selling or be unable to sell their
securities should they desire to do so, rendering their shares effectively worthless and resulting in a complete loss of their
investment.
If
we do not file a Registration Statement on Form 8-A to become a mandatory reporting company under Section 12(g) of the Securities
Exchange Act of 1934, we will continue as a reporting company and will not be subject to the proxy statement requirements, and
our officers, directors and 10% stockholders will not be required to submit reports to the SEC on their stock ownership and stock
trading activity, all of which could reduce the value of your investment and the amount of publicly available information about
us.
As
a result of this Offering as required under Section 15(d) of the Securities Exchange Act of 1934, we will file periodic reports
with the Securities and Exchange Commission once this registration statement is declared effective. Once this registration statement
is declared effective, we intend voluntarily to file a registration statement on Form 8-A which will subject us to all of the
reporting requirements of the 1934 Act. This will require us to file quarterly and annual reports with the SEC and will also subject
us to the proxy rules of the SEC. In addition, our officers, directors and 10% stockholders will be required to submit reports
to the SEC on their stock ownership and stock trading activity. We are not required under Section 12(g) or otherwise to become
a mandatory 1934 Act filer unless we have more than 500 shareholders and total assets of more than $10 million on March 31, 2020.
If we do not file a registration statement on Form 8-A, we will continue as a reporting company and will not be subject to the
proxy statement requirements of the 1934 Act, and our officers, directors and 10% stockholders will not be required to submit
reports to the SEC on their stock ownership and stock trading activity.
8
Because
we will be subject to "penny stock" rules once our shares are quoted on the Over-the-Counter Bulletin Board, the level
of trading activity in our stock may be reduced.
Broker-dealer
practices in connection with transactions in "penny stocks" are regulated by penny stock rules adopted by the Securities
and Exchange Commission. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered
on some national securities exchanges). The penny stock rules require a broker-dealer to deliver to its customers a standardized
risk disclosure document that provides information about penny stocks and the nature and level of risks in the penny stock market
prior to carrying out a transaction in a penny stock not otherwise exempt from the rules,. The broker-dealer also must provide
the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson
in the transaction, and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer's
presumed control over the market, and monthly account statements showing the market value of each penny stock held in the customer's
account. In addition, broker-dealers who sell these securities to persons other than established customers and "accredited
investors" must make a special written determination that the penny stock is a suitable investment for the purchaser and
receive the purchaser's written agreement to the transaction. Consequently, these requirements may have the effect of reducing
the level of trading activity, if any, in the secondary market for a security subject to the penny stock rules. If a trading market
does develop for our common stock, these regulations will likely be applicable, and investors in our common stock may find it
difficult to sell their shares.
Financial
Industry Regulatory Authority (FINRA) sales practice requirements may also limit your ability to buy and sell our stock, which
could depress our share price.
FINRA
rules require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that
the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional
customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax
status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high
probability that speculative low priced securities will not be suitable for at least some customers. FINRA requirements make it
more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy
and sell our stock and have an adverse effect on the market for our shares, depressing our share price.
State
securities laws may limit secondary trading, which may restrict the states in which you can sell the shares offered by this prospectus.
If
you purchase shares of our common stock sold pursuant to this Offering, you may not be able to resell the shares in a certain
state unless and until the shares of our common stock are qualified for secondary trading under the applicable securities laws
of such state or there is confirmation that an exemption, such as listing in certain recognized securities manuals, is available
for secondary trading in such state. There can be no assurance that we will be successful in registering or qualifying our common
stock for secondary trading, or identifying an available exemption for secondary trading in our common stock in every state. If
we fail to register or qualify, or to obtain or verify an exemption for the secondary trading of, our common stock in any particular
state, the shares of common stock could not be offered or sold to, or purchased by, a resident of that state. In the event that
a significant number of states refuse to permit secondary trading in our common stock, the market for the common stock will be
limited which could drive down the market price of our common stock and reduce the liquidity of the shares of our common stock
and a stockholder's ability to resell shares of our common stock at all or at current market prices, which could increase
a stockholder's risk of losing some or all of his investment.
Our
Company has a concentration of stock ownership and control, which may have the effect of delaying, preventing, or deterring a
change of control.
Our
common stock ownership is highly concentrated. Through ownership of shares of our common stock, three shareholders, Yuen May Cheung,
who is also our Chief Executive Officer, Chief Financial Officer and Director, beneficially owns approximately 83.2% of our total
outstanding shares of common stock before this Offering. As a result of the concentrated ownership of the stock, Ms. Cheung, who
owns 21,000,000 shares of our common stock, acting alone, will be able to control all matters requiring stockholder approval,
including the election of directors and approval of mergers and other significant corporate transactions. This concentration of
ownership may have the effect of delaying, preventing or deterring a change in control of our Company. It could also deprive our
stockholders of an opportunity to receive a premium for their shares as part of a sale of our company and it may affect the market
price of our common stock. Moreover, such concentration of our common stock in Ms. Cheung could create potential or actual conflicts
of interests detrimental to our stockholders and have a negative impact on our ability to maintain effective internal controls.
9
If
quoted, the price of our common stock may be volatile, which may substantially increase the risk that you may not be able to sell
your shares at or above the price that you may pay for the shares.
Even
if our shares are quoted for trading on the Over-the-Counter Bulletin Board following this Offering and a public market develops
for our common stock, the market price of our common stock may be volatile. It may fluctuate significantly in response to the
following factors:
●
variations
in quarterly operating results;
●
our
announcements of significant contracts and achievement of milestones;
●
our
relationships with other companies or capital commitments;
●
additions
or departures of key personnel;
●
sales
of common stock or termination of stock transfer restrictions;
●
changes
in financial estimates by securities analysts, if any; and
●
fluctuations
in stock market price and volume.
Your
inability to sell your shares during a decline in the price of our stock may increase losses that you may suffer as a result of
your investment.
The
stock market has experienced extreme price and volume fluctuations and if we face a class action suit due to the volatility of
the price of our common stock, regardless of the outcome, such litigation may have an adverse impact on our financial condition
and business operations.
The
market price of the securities offered herein, if any, may decline below the initial public offering price. The stock market has
experienced extreme price and volume fluctuations. In the past, securities class action litigation has often been instituted against
various companies following periods of volatility in the market price of their securities. If instituted against us, regardless
of the outcome, such litigation would result in substantial costs and a diversion of management's attention and resources,
which would increase our operating expenses and affect our financial condition and business operations.
Because
we do not intend to pay any dividends on our common stock; holders of our common stock must rely on stock appreciation for any
return on their investment.
We
have not declared or paid any dividends on our common stock since our inception, and we do not anticipate paying any such dividends
for the foreseeable future. Accordingly, holders of our common stock will have to rely on capital appreciation, if any, to earn
a return on their investment in our common stock.
Any
future additional issuances of our common stock may result in immediate dilution to existing shareholders.
We
are authorized to issue up to 75,000,000 shares of common stock, of which 25,250,703 shares are issued and outstanding as of the
date of this prospectus. Our Board of Directors has the authority, without the consent of any of our stockholders, to cause us
to issue additional shares of common stock, and to determine the rights, preferences and privileges attached to such shares. The
sale of our common stock pursuant to this prospectus, and any future additional issuances of our common stock will result in immediate
dilution to our existing shareholders' interests, which may have a dilutive impact on our existing shareholders, and could
negatively affect the value of your shares.
We
have not voluntarily implemented various corporate governance measures, in the absence of which, shareholders may have more limited
protections against interested director transactions, conflicts of interest and similar matters.
Recent
federal legislation, including the Sarbanes-Oxley Act of 2002, has resulted in the adoption of various corporate governance measures
designed to promote the integrity of the corporate management and the securities markets. Some of these measures have been adopted
in response to legal requirements; others have been adopted by companies in response to the requirements of national securities
exchanges, such as the NYSE or the NASDAQ Stock Market, on which their securities are listed. Among the corporate governance measures
that are required under the rules of national securities exchanges and NASDAQ, are those that address the board of Directors independence,
audit committee oversight, and the adoption of a code of ethics. While our Board of Directors has adopted a Code of Ethics and
Business Conduct, we have not yet adopted any of these corporate governance measures, and since our securities are not listed
on a national securities exchange or NASDAQ, we are not required to do so. It is possible that if we were to adopt some or all
of these corporate governance measures, shareholders would benefit from somewhat greater assurances that internal corporate decisions
were being made by disinterested directors and that policies had been implemented to define responsible conduct. For example,
in the absence of audit, nominating and compensation committees comprised of at least a majority of independent directors, decisions
concerning matters such as compensation packages to our senior officers and recommendations for director nominees, may be made
by a majority of directors who have an interest in the outcome of the matters being decided. Prospective investors should bear
in mind our current lack of corporate governance measures in formulating their investment decisions.
10
CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This
prospectus contains forward-looking statements and information relating to our business that are based on our beliefs, on assumptions
made by us, or upon information currently available to us. These statements reflect our current views and assumptions with respect
to future events and are subject to risks and uncertainties. Forward-looking statements are often identified by words like: "believe,"
"expect," "estimate," "anticipate," "intend," "project" and similar
expressions or words which, by their nature, refer to future events. In some cases, you can also identify forward-looking statements
by terminology such as "may," "will," "should," "plans," "predicts,"
"potential" or "continue" or the negative of these terms or other comparable terminology. These statements
are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section
entitled Risk Factors beginning on page 6, that may cause our or our industry's actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of activity, performance or achievements expressed
or implied by these forward-looking statements. In addition, you are directed to factors discussed in the Management's Discussion
and Analysis of Financial Condition and Results of Operation section beginning on page 28 and the section entitled "Description
of Our Business" beginning on page 12, and as well as those discussed elsewhere in this prospectus. Other factors include,
among others: general economic and business conditions; industry capacity; industry trends; competition; changes in business strategy
or development plans; project performance; availability, terms, and deployment of capital; and availability of qualified personnel.
These
forward-looking statements speak only as of the date of this prospectus. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. Except
as required by applicable law, including the securities laws of the United States, we expressly disclaim any obligation or undertaking
to disseminate any update or revisions of any of the forward-looking statements to reflect any change in our expectations with
regard thereto or to conform these statements to actual results.
USE
OF PROCEEDS
The
Company will receive no proceeds from this offering by the selling shareholders.
DILUTION
As
this is a selling shareholders offering there is no dilution in the price of the stock as a result of this registration.
DETERMINATION
OF THE OFFERING PRICE
There
is no established public market for our shares of common stock. The offering price of $1.00 per share was determined by us arbitrarily.
We believe that this price reflects the appropriate price that a potential investor would be willing to invest in our Company
at this initial stage of our development. This price bears no relationship whatsoever to our business plan, the price paid for
our shares by our founders, our assets, earnings, book value or any other criteria of value. The offering price should not be
regarded as an indicator of the future market price of the securities, which is likely to fluctuate.
See
"Plan of Distribution" for additional information.
DIVIDEND
POLICY
We
have not paid any dividends since our incorporation and do not anticipate the payment of dividends in the foreseeable future.
At present, our policy is to retain any earnings to develop and market our services. The payment of dividends in the future will
depend upon, among other factors, our earnings, capital requirements, and operating financial conditions.
MARKET
FOR OUR COMMON STOCK
Market
Information
There
is no established public market for our common stock.
After
the effective date of the registration statement of which this prospectus is a part, we intend to seek a market maker to file
an application with the Financial Industry Regulatory Authority, Inc., or FINRA, to have our common stock quoted on the Over-the-Counter
Bulletin Board. We will have to satisfy certain criteria in order for our application to be accepted. We do not currently have
a market maker who is willing to participate in this application process, and even if we identify a market maker, there can be
no assurance as to whether we will meet the requisite criteria or that our application will be accepted. Our common stock may
never be quoted on the Over-the-Counter Bulletin Board, or, even if quoted, a public market may not materialize. There can be
no assurance that an active trading market for our shares will develop, or, if developed, that it will be sustained.
We
have issued 25,250,703 shares of our common stock since our inception on November 2, 2016. There are no outstanding options, warrants,
or other securities that are convertible into shares of common stock.
Holders
There
were 189 holders of record of our common stock as of August 5, 2020.
Securities
Authorized for Issuance under Equity Compensation Plans
We
do not have any compensation plan under which equity securities are authorized for issuance.
11
DESCRIPTION
OF OUR BUSINESS
Overview
Company
Summary
4DMed,
Ltd. ("4DMed", the "Company" "we" or "us") is a development stage company. We
were incorporated under the laws of the state of Nevada on November, 2016. We are a medical software and medical device development
company that intends to design, patent, and market a medical virtual reality operating system with integrated, customary haptic
and position sensing interfaces for the health care education research, software and medical device markets.
We
are a development stage company that has generated no revenues and has had limited operations to date. At June 30, 2020, the
Company had not yet recorded any revenues, has working capital of $132,969 and has an accumulated deficit of $3,676,041. As
of June 30, 2020, we had $4,319,153 in current assets and current liabilities of $35,581. Through June 30, 2020, we have
issued an aggregate of 25,250,703 shares of our common stock since our inception. We issued 21,000,000 shares of our common
stock to one (1) founding shareholder for services. We issued a total of 4,250,703 shares to 188 separate accredited foreign
shareholders from July 20, 2017 through August 5, 2020, pursuant to private placements of our common stock exempt from
registration under Regulation S of the Securities Act of 1933, for total proceeds of approximately $7,508,324.26. Since our
inception we have not made any significant purchase or sale of assets, nor have we been involved in any mergers, acquisitions
or consolidations.
Business
Overview
Company
Mission, Vision and Values
4DMED's
mission
is to create a medical Virtual Reality (VR) operating system that will provide top-notch training for medical
practitioners and learning institutions, and also make the provision of medical services, including surgeries, more available
and affordable.
4DMED's
vision
is the placement of at least one of its VR operating systems in every hospital and medical clinic in which
surgeries are performed, and every medical school throughout the world.
4DMED's
values
are seen by the company to be critical to success. They are the strong foundation of the company, define
who the company is, and set it apart from all competitors. They underlie the company's vision of the future. These values
include:
●
Product
Quality
4DMED
acts with utmost responsibility, always seeking to meet or exceed expectations.
●
Teamwork
4DMED
acts as a team with all of its partners, committed to each other, and bound by trust and loyalty.
●
Integrity
4DMED
treats all of its partners, and all other stakeholders with dignity and respect and honesty. Ethical behavior, and integrity are
fundamental characteristics of its business conduct.
12
Implementaton
of Business Plan
We
intend to implement our business plan through four (4) divisions with our Company. These divisions are. MedVR, MedXR, MedSLS and
MedAI.
MedVR
The
MedVR mission is to educate, motivate, and activate people to achieve the best possible health program for their environment and
it will be responsible for developing the educational component of 4DMED activities. We are currently developing two training
programs:
One
is surgeon training to be given by senior, experienced trainers, the other creates medical simulation ("SIM") environments
for training nurses or other junior trainees. In designing the 4DMED Simulator, the Company employs both the "far"
and "close" approaches - to make it easier for training in hospitals or universities. MedVR is also building a complete
anatomy library to support the VR program, with assistance from educational and clinical organizations around the globe.
MedXR
MedXR
will develop the treatment component of 4DMED activities. These will include virtual environments to clinically treat severe mental
and behavioral health problems including…drug and alcohol abuse, schizophrenia, post-traumatic stress disorder, mood disorders,
mild cognitive impairment, autism spectrum disorder, ADHD and others. MedXR creates experiences that activate cognitive, emotional
and physiological responses with the goal of improving health. These VR experiences empower individuals and lower the barriers
to good health with personalized content and treatment, by creating emotional regulation skills and stress resilience techniques.
MedXR has built a breakthrough, comprehensive platform for activating healthy behaviors and improving health outcomes. The platform
enables clinical organizations to extend their brand into new virtual patient care experiences.
MedSLS
MedSLS
will create the hardware units for 4DMED. One of the first such products is the 4DMED Simulator which is being developed in concert
with a Swiss company. Trainees remain engaged and learn more quickly with the progressively more complex cases offered by the
VR program with the double screens that are a feature of the simulator…a first. Double screens can help the trainers to
get familiar with the surgery room and to working with the assistants
.
With simulator, techniques
complete procedures can be practiced again and again at increasing levels of difficulty, with thousands of new challenges, scenarios
and complications to make each experience unique. Each exercise is digitally recorded with detailed metrics, statistics and video
debriefing, providing both immediate and long-term skill development feedback.
MedSLS
is also working with a development company in Florida on a VR glove with which the trainer can feel more reality in the VR exercise.
The user…hospital or university…will have more choice and the trainers can 'feel their hands' during
the VR application.
MedAI
MedAI
will be responsible for the surgical element of 4DMED activities. 4DMED software development kit (SDK) is the Company's
own proprietary product used to develop all of its surgical operations. Users can also use this proprietary SDK to create their
own applications, or other VR teaching applications together with support from the MedVR library program.
Streaming
interactive, cloud-based VR experiences over upcoming high-speed 5G mobile networks may be possible with a combination of a low
latency encoder and optimized client decoding. This will help to achieve VR experiences that deliver presence without simulation
sickness. 5G refers to the fifth generation of mobile networks. Currently, many countries have adopted 4G as the standard for
high-speed mobile data, allowing users to browse the web, stream media, and make video calls almost effortlessly. The next generation,
5G, will bring improvements to all of these areas
.
Corporate
Strategy
Virtual
simulation technology has come a long way since the Sensorama Simulator was first introduced in 1962. Over the past few decades,
VR and simulation technology have become intertwined and implemented in various industries…in particular healthcare. Surgery
simulators have been invaluable for physician training, and hospitals have paid …and will continue to pay…large
sums of money for this specialized equipment.
With
visual simulation combined with force-feedback technology, the surgeon can experience both visual and physical feedback when practicing
a procedure. Companies developing cutting-edge simulators for the system. It is unlikely that current HMD technology will be able
to replace these sophisticated simulators, but the cost should come down with new sensor and display technologies now available.
13
Beyond
surgery, VR is a cost-effective, safe and engaging method for clinical education and training of healthcare professionals, such
as nurses, physicians, surgeons, counsellors, dentists, paramedics and even patients. Practitioners can receive training on procedures,
techniques, equipment and patient interactions in a far more immersive and realistic environment than using traditional videos
and paperwork.
Training
in VR allows physicians a risk-free environment in which to practice life-saving procedures, particularly ones that are not commonly
performed.
Based
on the need to enhance rapid market penetration along with the distribution and adaptation of new medical technology 4DMED is
working to build up strategic associations with medical schools, medical software developers, and medical device manufacturers.
In view of its solid comprehension of the present market, 4DMED has already created integral arrangements, some which use patent
pending innovation which are set in place to serve as income producing answers to existing market needs.
All
of this will help 4DMED achieve its main goal to become the industry leader for developing, marketing, and licensing medical VR
technology.
The
basic 4DMED strategy is embodied in our 4DMED.net program. 4DMED.net
is a joint
venture with
universities and hospitals around the world with a focus on developing program content. The components of the 4DMED strategy are:
Content
4DMED.net
is a joint venture with universities and hospitals to develop content. The joint venturers include
hospitals in Asia such as Shanghai Hospital, Shanghai, China; Hungary University, Budapest, Hungary.
Cameras
VR
cameras are differentiating themselves in a few ways — some are stereoscopic, and some don't have top and bottom cameras
or only cover 180
0
. Some can live stream, while others just record to disc. One new and interesting technology is volumetric
capture, where multiple cameras are arranged facing inward to capture video within an area as opposed to 360-degree cameras that
capture video from one point facing outward. The market is currently small but growing. There will be professional, prosumer,
and consumer camera rigs, but like the action camera market, there will be a couple of primary players for each target customer,
along with a number of cheaper knockoffs or highly specialized cameras. The market will likely only sustain a handful of manufacturers.
4DMED.net is currently evaluating potential partners for developing our cameras.
14
Platforms
Platforms
are the "glue" of VR. The companies that will succeed in this space are those that can build innovative and differentiated
value added features, along with a delivery mechanism.
VR
Headsets
At
this point the VR Headset component is in a bit of turmoil with participating manufacturers not fully decided on how they are
going to approach the market. New features might give some headset manufacturers an edge (for example FOVE is supposed to include
eye tracking), but a good headset manufacturer needs plenty of funding in order to solve problems with the current headset devices.
Oculus and HTC are already likely planning version 2 of their headsets and, like the camera market, the dedicated headset market
will only sustain a limited number of manufacturers, unless they're niche products like medical applications. The next round
of VR headsets is likely to include higher resolutions, better head tracking, and better interaction between physical and virtual
environments (e.g. better controllers) – all of which will have high costs for the first players in this space. In addition,
mobile phone manufacturers will build ever more powerful devices, with higher-resolution displays, that will be used to power
VR headsets. While dedicated headsets are likely to provide a higher-end experience, every mobile phone user will potentially
have a VR-capable device. 4DMED has recognized this potential dilemma and is focused on overcoming it through careful adherence
to its values, its strategy and its keys to success.
The
Market
The
VR/AR healthcare market has been valued at approximately US$748.3 Million in 2017 and is anticipated to enjoy healthy growth over
the forecast period 2019-2026. The market is conservatively estimated to reach a value US$6.91 Billion by 2026, according to a
March 2019 publication by
Reports and Data
. This can be mainly associated with the increasing demand for innovative diagnostic
techniques, the presence of many more neurological disorders, and increasing disease awareness. The market is driven mainly by
applications in surgical simulation, diagnostic imaging, patient care management, rehabilitation and health management. The advancements
being made in the field of information technology such as computers of all types, internet connectivity and mobile applications,
are also a significant factor stimulating market demand.
15
Because
of the constant technological advancement of related products, prevalence of neurological & psychological disorders, and presence
of a sophisticated healthcare infrastructure, the North America region accounts for the largest market share of 44.21% in 2018.
It is expected to retain the dominant position in 2026 but because of accelerating growth in other regions, its overall market
penetration will likely decrease.
●
The
overall market is projected to grow at a compound annual growth rate (CAGR) of 16.2% in terms of value and reach US$6.91 billion
by 2026.
●
The
software component is expected to grow at a CAGR of 15.4% during the forecast period.
●
The
hardware component is expected to grow at a CAGR of 14.8% during the forecast period.
●
Fully
immersive VR is projected to grow at a CAGR of 16.6% during the forecast period. Different medical training institutes have combined
fully immersive VR, with medical data and highly advanced medical simulation technologies, to enable modern medical education
and training globally. The adaptability offered by the institutions assist as a practical teaching tool today and will continue
to do in the future. This will serve as an excellent vehicle for promoting the development to the next level of medical practice.
●
The
patient care management component is estimated to grow at a CAGR of 16.6 % during the forecast period and is expected to lead
the market for VR in the healthcare segment. The use of VR/AR in therapies and rehabilitation, including brain injury, stroke,
and physical therapy among others, will be a significant addition to the healthcare market.
The
main market participants are:
●
individuals
(retail customers) accounting for more than 90 percent of sales, and
●
local
businesses (corporate customers) which, in terms of purchase orders, typically make larger orders for their employees and business
needs.
VR
technology is beneficial for not just doctors but also for patients; this technology offers great convenience to patients by enabling
them to visit physicians virtually. This has also driven the growth of healthcare VR. According to March 2019
Reports and Data
research, VR is ahead of AR because of the advanced offerings of VR technology. VR allows a person to experience their presence
inside a different world and interact with it in real time, whereas AR builds a visual world around but does not facilitate any
interaction with this world.
There
are a lot of factors contributing to the growth of the
healthcare
VR/AR market
including new start-ups that are inclined towards capitalizing on highly prevalent
technology. With a positive growth approach of the global market these start-ups are widening their scope of VR/AR applications
by using this technology in new applications, thereby providing new functionalities in their products. As these start-ups continue
to increase, new products will keep getting developed, increasing the market numbers significantly. The easy availability of VR/AR
products, and the need to gain competitive advantage, mean that a growing number of companies has, or will, lower the prices of
products, making them affordable for healthcare providers.
VR/AR
services are likely to witness higher demand compared to hardware and software and are expected to account for more than 42% share
of the total revenue by the end of 2026. Applications of healthcare VR/AR in the medical training segment will reportedly remain
the highest, followed by the surgery planning segment. They are anticipated to present the most lucrative opportunities in coming
years. Hospitals and clinics are foreseen to retain the top end-user position with more than 40% value share estimated by the
end of 2026, followed by medical research organizations.
Competition
There
are many worldwide competitors for 4DMED in the VR arena. The following brief summaries of some of the larger, more well-known
companies focuses only on their activities in the healthcare industry. The list identifies a number of potential partners that
4DMED can work with to pursue its goals.
Phillips
Healthcare (Netherlands)
Koninklijke
Philips N.V. (KPNV) was founded in 1891 and is headquartered in Amsterdam, the Netherlands. KPNV operates as a health technology
company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health
segments. The company offers mother, child-care, and oral healthcare products; male grooming and beauty products; food preparation
and home care products; and sleep and respiratory care. It provides diagnostic X-ray, integrated clinical, magnetic resonance
imaging, computed tomography, and molecular imaging solutions. The company also offers interventional X-ray systems, and imaging
and therapy devices for treatment of coronary artery and peripheral vascular disease; imaging products focus on diagnosis, treatment
planning, and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; and proprietary
software to enable diagnostics and intervention. Further, it provides patient monitoring solutions; patient analytics, precision
diagnosis, and clinical decision support systems; therapeutic care products; patient monitoring and therapeutic care consumables;
and customer services. Additionally, the company offers healthcare information technology, clinical, and visualization and quantification
informatics solutions for radiology, cardiology, and oncology departments; universal data management solutions, picture archiving
and communication systems, and integrated electronic medical record systems; clinical and hospital IT platforms; technology-enabled
monitoring and intervention, actionable program, cloud-based, and population health management software solutions. It also provides
digital frameworks that connect consumers, patients, and healthcare providers in a cloud-based connected health ecosystem of devices,
apps, and tools.
16
CAE
Healthcare (Canada)
CAE
Healthcare is committed to improving clinical education and patient safety through simulation-based training solutions. With a
mission to Improve clinical competency and performance, we develop evidence-based curriculum and innovative learning technologies
for healthcare education.
Firsthand
Technology (USA)
Firsthand
has helped pioneer VR as a digital therapeutic for pain and rehab, mental health, and promoting healthy lifestyles. The company
believes that VR has an Firsthand enormous potential to improve health and wellness.
EON
Reality (USA)
EON
Reality is the world leader in Virtual and Augmented Reality based knowledge transfer for industry and education. EON believes
that knowledge is a human right, and its goal is to make knowledge available, affordable, and accessible for every human on the
planet. To do this, it is creating the next generation of Virtual and Augmented Reality tools to increase the world's knowledge
transfer capabilities.
GE
Healthcare (USA)
GE
Healthcare expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance
improvement, drug discovery, and biopharmaceutical manufacturing technologies is helping clinicians around the world re-imagine
new ways to predict, diagnose, inform and treat disease, so their patients can live their lives to the fullest.
Intuitive
Surgical Inc. (USA)
Intuitive
was founded in 1995 to create innovative, robotic-assisted systems that help empower doctors and hospitals to make surgery less
invasive than an open approach. Since da Vinci® became one of the first robotic-assisted systems cleared by the FDA for
general laparoscopic surgery, it's taken robotic-assisted surgery from "science fiction" to reality. Working
with doctors and hospitals, Intuitive is continuing to develop new, minimally invasive surgical platforms and future diagnostic
tools, including VR, to help solve complex healthcare challenges around the world.
Medtronic
plc (USA)
Medtronic
plc is the world's largest
medical device
company that generates the majority of its sales and profits from
the U.S. healthcare system. The company is a leading innovator of healthcare VR.
Mimic
Technologies Inc. (USA)
Mimic
has a proven programmatic approach that leverages "best-in-class" simulation, cloud-based data collection, advanced
analytics that enable objective decisions on privileging and credentialing and the latest VR techniques. By facilitating training
outside of the operating room, Mimic enables a rapid climb up the learning curve without wasting valuable OR time. Surgical quality
and efficiency are emphasized, while training costs and risk are minimized.
Siemens
Healthineers (Germany)
Siemens
is a leading global healthcare company, which is continually refining and expanding its healthcare offerings, from medical imaging
and laboratory diagnostics, to consulting, healthcare IT, and VR development – as well as further technologies for therapeutic
and molecular diagnostics. It is very successful and has an abundance of capital to undertake its operations and research.
17
Surgical
Science AB (Sweden)
TeamSim
®
is
a dynamic platform for inter-professional education development taking surgery simulation into the real-world. Using the validated
VR training system LapSim
®
as base, the TeamSim
®
package is the element that lifts a team
training to new levels and immerse into realistic surgery scenarios While innovations in laparoscopic surgical simulators have
made an incredible impact on individualized training, there has been a gap between the experience of a single professional standing
at the simulator and stepping into a collaborative OR staffed with multiple team members. TeamSim
®
erases
that gap by giving the whole OR team the opportunity to practice and refine their communication and non-technical skills without
any patient risk.
Virtual
Realities (USA)
Virtual
Realities is a leading world distributor of 3D peripheral products and output devices, software, and systems, primarily for the
educational and healthcare industries. Its primary goal is to deliver integrated turnkey solution with professional VR applications.
Virtually
Better Inc. (USA)
Virtually
Better has over 20 years' experience developing VR to treat mental health disorders. Its corporate motto is "Virtual
Reality for a Healthier You" and it focuses on the VR environment almost exclusively.
Vital
Images Inc. (USA)
Vital,
a Canon Group company, has a legacy of leadership in healthcare imaging using smart algorithms and VR techniques spanning 30 years. As
the premier provider of an enterprise imaging (EI) solution focused on interoperability, Vital transforms and seamlessly connects
disparate PACS and other data into an efficient, perceptive and interoperable EI solution. Through modular and scalable enterprise
message orchestration, enterprise visualization and enterprise analytics solutions, Vital's Vitrea® Enterprise
Imaging solution makes data accessible across the entire enterprise anytime, anywhere, and in any standardized form.
Vuzix
Corporation (USA)
Vuzix
is a leading supplier of Smart-Glasses and AR technologies and products for the consumer and healthcare markets. The Company's
products include personal display and wearable computing devices that offer users a portable high-quality viewing experience,
provide solutions for mobility, wearable displays and both VR and AR. Vuzix holds 66 patents and 43 additional patents pending
and numerous IP licenses in the near-eye display field.
WorldViz
LLC (USA)
WorldViz makes
virtual reality hardware and software for professionals, ranging from comprehensive development platforms to drag-and-drop VR
creation and collaboration tools. It has 17 years of building a VR knowledge base, creation VR projection systems. WorldViz is
an industry-leading provider of VR solutions for non-entertainment applications, primarily in the healthcare industry. It has
patent pending VR products used widely in that industry.
zSpace
Inc. (USA)
zSpace
provides an immersive learning platform for medical training, allowing students to examine virtual living body structures with
accurate anatomical representation, plan procedures and present findings.
The
foregoing is not intended to be an exhaustive list of 4DMED's competitors in the VR healthcare market. Nor is it intended
to focus on their history in the market, their financial strength or their respective position in the market.
What
it is intended to do is illustrate that there are many participants in the industry who provide products or services that are
complimentary to 4DMED's activities and may be able to be relied upon as a provider to help 4DMED achieve its goals. This
is consistent with the 4DMED strategy of using external partners as much as possible.
18
SWAT
Analysis
SWOT
is the acronym for "Strengths, Weaknesses, Opportunities, Threats". The analysis is a framework used to evaluate a
company's
competitive position
and to develop strategic planning. SWOT analysis assesses internal and external factors, as well
as current and future potential.
The
SWOT analysis for 4DMED looks like:
Strengths
Weaknesses
●
relationship
    with medical and educational facilities
●
small
    – lack of financial resources
●
working
    with top end providers of products and services
●
no
    profile in VR industry
●
understand
    VR technology
●
no
    well-established base
●
understand
    VR market
●
small
    and focused
●
addressing
    all healthcare VR components
Opportunities
Threats
●
rapidly
    changing industry initiatives
●
large,
    financially secure competition
●
collaboration
    with industry participants
●
many
    participants in a "hot" industry
●
increasing
    demand for VR
●
economic/political
    change
●
increased
    pressure for healthcare provider cost reductions
●
lack
    of public funding for purchasers
●
pressure
    to reduce healthcare costs
4DMED
is admittedly small and has no strong profile in the VR industry yet compared to companies that are more stablished and better
funded. But we are also participating in an industry that appears to have an insatiable demand for VR products and processes where
there are opportunities for meaningful collaboration with well-established industry participants.
Healthcare
VR is largely paid for from the public purse in most environments and there are always pressures to reduce costs, coupled with
ongoing economic and political changes. Public funding is not always available, and expenditures get delayed.
Property
and Facilities
We
do not own or lease any real property or facilities. Our Hong Kong business office is located at 11/F, Capital Centre, 151 Gloucester
Road, Wanchai, Hong Kong. This office is provided to us by our Chief Executive Officer, President and Director, Yuen May Cheung,
at no cost to our Company.
Dependence
on One or a Few Major Customers
We
do not anticipate dependence on one or a few major customers for at least the next twelve (12) months or the foreseeable future.
Environmental
Regulations
Environmental
regulations have had no materially adverse effect on our operations to date, but no assurance can be given that environmental
regulations will not, in the future, result in a curtailment of service or otherwise have a materially adverse effect on our business,
financial condition or results of operation. Public interest in the protection of the environment has increased dramatically in
recent years. The trend of more expansive and stricter environmental legislation and regulations could continue. To the extent
that laws are enacted or other governmental action is taken that imposes environmental protection requirements that result in
increased costs, our business and prospects could be adversely affected.
Patents,
Trademarks and Licenses
We
currently do not have any patents or trademarks; and we are not party to any license, franchise, concession, or royalty agreements
or any labor contracts.
Legal
Proceedings
As
of the date of this prospectus, we know of no material pending legal proceedings to which we are a party or of which any of our
property is the subject. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered
or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.
Employees
Our
only employee is our one (1) executive officer.
19
MANAGEMENT
The
name, age and position of each of our directors and executive officers are as follows:
Name
Age
Position
Yuen May Cheung
54
CEO, President, CFO, Secretary and Director
Hau Tin Cheung
52
Director
Yuen
May Cheung, Age 54, Chief Executive Officer, President, Chief Financial Officer, Secretary and Director
Ms.
Cheung, is our founder and our Chief Executive Officer, President, Chief Financial Officer, Secretary and Director and has served
in in such capacities since our inception in November of 2016. Ms. Cheung currently devotes 50% of her working time to the management
and operations of our Company. Ms. Cheung was the co-founder of GuangNing ChangRong Bamboo & Wood Handicraft Products Co.
Ltd, a factory and manufacturer, served as Director and owned by Ms. Cheung, since 2007, Ms. Cheung served as Director of Zhong
Cui Investments Ltd., a marketing company, owned by Ms. Cheung since 2006. Ms. Cheung also serves as President and sole Director
of AIFam, Ltd. Ms. Cheung provides hands-on leadership, strategic direction and operations management with a focus on business
development, exceptional quality management and fiscal accountability. Ms. Cheung attended Centennial College in Toronto, Canada
from 1989-1991 where she received a Certificate of Accounting, and she also attended Chui Hai College in Hong Kong from 1984-1988
where she received a degree in Business Management. Ms. Cheung has served as an officer and director of AIFarm. Ltd., a company
formerly required to file reports with the Securities and Exchange Commission.
Hau
Tin Cheung, Age 52, Director
Prior
to 4DMed Ltd, Mr. Cheung was involved for over 20 years as a private investor, business man, and merchant banker, managing and
coordinating the financing of tens of millions of dollars of transaction proceeds, in numerous domestic and overseas business
opportunities, across diverse sectors of industries including; natural gas, oil, mining, pharmaceuticals and technology. Mr. Cheung
attended Centennial College in Toronto, Canada where he received a Certificate of Finance Management in 1990. Mr. Cheung does
not, and has not served as an officer or director of any other company required to file reports with the Securities and Exchange
Commission.
Board
Composition
Our
Bylaws provide that the Board of Directors shall consist of no less than 1, but not more than 9 directors. Each director serves
until his successor is elected and qualified.
Committees
of the Board of Directors
We
do not presently have a separately constituted audit committee, compensation committee, nominating committee, executive committee
or any other committees of our Board of Directors. Nor do we have an audit committee "financial expert." As such,
our entire Board of Directors acts as our audit committee and handles matters related to compensation and nominations of directors.
Potential
Conflicts of Interest
Since
we do not have an audit or compensation committee comprised of independent directors, the functions that would have been performed
by such committees are performed by our directors. Thus, there is a potential conflict of interest in that our directors and officers
have the authority to determine issues concerning management compensation and audit issues that may affect management decisions.
We are not aware of any other conflicts of interest with any of our executives or directors.
Director
Independence
We
are not subject to listing requirements of any national securities exchange or national securities association and, as a result,
we are not at this time required to have our board comprised of a majority of "independent directors." Our determination
of independence of directors is made using the definition of "independent director" contained in Rule 4200(a) (15)
of the Marketplace Rules of the NASDAQ Stock Market ("NASDAQ"), even though such definitions do not currently apply
to us because we are not listed on NASDAQ. We have determined that none of our directors currently meet the definition of "independent"
as within the meaning of such rules as a result of their current positions as our executive officers.
20
Significant
Employees
We
have no significant employees other than the executive officers/directors described above.
Family
Relationships
Yuen
May Cheung and Hau Tin Cheung are siblings.
Involvement
in Certain Legal Proceedings
No
director, person nominated to become a director, executive officer, promoter or control person of our company has, during the
last ten years: (i) been convicted in or is currently subject to a pending a criminal proceeding (excluding traffic violations
and other minor offenses); (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to any federal or state securities or banking or commodities laws including, without limitation,
in any way limiting involvement in any business activity, or finding any violation with respect to such law, nor (iii) any bankruptcy
petition been filed by or against the business of which such person was an executive officer or a general partner, whether at
the time of the bankruptcy or for the two years prior thereto.
Stockholder
Communications with the Board
We
have not implemented a formal policy or procedure by which our stockholders can communicate directly with our Board of Directors.
Nevertheless, every effort has been made to ensure that the views of stockholders are heard by the Board of Directors or individual
directors, as applicable, and that appropriate responses are provided to stockholders in a timely manner. We believe that we are
responsive to stockholder communications, and therefore have not considered it necessary to adopt a formal process for stockholder
communications with our Board. During the upcoming year, our Board will continue to monitor whether it would be appropriate to
adopt such a process.
Section
16(a) Beneficial Ownership Reporting Compliance
16(a)
of the Securities Exchange Act of 1934 requires the Company directors and executive officers, and persons who own more than ten
percent of the Company's common stock, to file with the Securities and Exchange Commission initial reports of ownership
and reports of changes of ownership of our common stock. Officers, directors and greater than ten percent shareholders are required
by SEC regulation to furnish the Company with copies of all Section 16(a) forms they file. The Company intends to ensure to the
best of our ability that all Section 16(a) filing requirements applicable to its officers, directors and greater than ten percent
(10%) beneficial owners are complied with in a timely fashion.
EXECUTIVE
COMPENSATION
We
have not paid since our inception, nor do we owe, any compensation to our executive officers or directors. There are no arrangements
or employment agreements with our executive officer or directors pursuant to which they will be compensated now or in the future
for any services provided as an executive officer, and we do not anticipate entering into any such arrangements or agreements
with them in the foreseeable future.
Outstanding
Equity Awards
We
do not currently have a stock option plan or any long-term incentive plans that provide compensation intended to serve as
incentive for performance. No individual grants of stock options or other equity incentive awards have been made to any
executive officer or any director since our inception; accordingly, none were outstanding at August 5, 2020, and through the
date of this Report.
Employment
Contracts, Termination of Employment, Change-in-Control Arrangements
There
are currently no employments or other contracts or arrangements with our executive officers. There are no compensation plans or
arrangements, including payments to be made by us, with respect to our officers, directors or consultants that would result from
the resignation, retirement or any other termination of such directors, officers or consultants from us. There are no arrangements
for directors, officers, employees or consultants that would result from a change-in-control.
CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS
As
June 30, 2020, 4DMED Limited, a Hong Kong incorporated company under common control of the president of the Company, owed $4,186,184
to the Company, which is non-interest bearing, unsecured, and due on demand.
21
PRINCIPAL
SHAREHOLDERS
The
following table sets forth information regarding the beneficial ownership of our common stock as of August 5, 2020
for:
●
each
person, or group of affiliated persons, known by us to beneficially own more than 5% of our common stock;
●
each
of our executive officers;
●
each
of our directors; and
●
all
of our executive officers and directors as a group.
We
have determined beneficial ownership in accordance with the rules of the Securities and Exchange Commission. These rules generally
attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect
to those securities. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire
beneficial ownership within 60 days. Unless otherwise indicated, the persons or entities identified in this table have sole voting
and investment power with respect to all shares shown as beneficially owned by them, subject to applicable community property
laws, and the address for each person listed in the table is c/o 4DMed, Ltd. _________________________________
The
percentage ownership information shown in the table below is calculated based on 25,250,703 shares of our common stock issued
and outstanding as of August 5, 2020. We do not have any outstanding options, warrants or other securities exercisable for or
convertible into shares of our common stock.
Title
    of Class of Beneficial
Ownership
Name
    of Beneficial Owner
Amount
    and Nature
Percentage
    of
Class
Common
    Stock
Yuen
    May Cheung
21,000,000
83.2%
Direct
All
    officers and directors as a group
21,000,000
83.2%
We
are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control
of our Company.
We
do not have any issued and outstanding securities that are convertible into common stock. None of our stockholders are entitled
to registration rights.
PLAN
OF DISTRIBUTION
There
Is No Current Market for Our Shares of Common Stock
There
is currently no market for our shares of common stock. We cannot give you any assurance that the shares you purchase will ever
have a market or that if a market for our shares ever develops, that you will be able to sell your shares. In addition, even if
a public market for our shares develops, there is no assurance that a secondary public market will be sustained.
The
shares you purchase are not traded or listed on any exchange or quotation medium. After the effective date of the registration
statement, we intend to seek a market maker to file an application with the Financial Industry Regulatory Authority, Inc., or
FINRA, to have our common stock quoted on the Over-the-Counter Bulletin Board. We will have to satisfy certain criteria in order
for our application to be accepted. We do not currently have a market maker who is willing to participate in this application
process, and even if we identify a market maker, there can be no assurance as to whether we will meet the requisite criteria or
that our application will be accepted. Our common stock may never be quoted on the Over-the-Counter Bulletin Board, or, even if
quoted, a public market may not materialize. There can be no assurance that an active trading market for our shares will develop,
or, if developed, that it will be sustained.
The
Over-the-Counter Bulletin Board is maintained by the Financial Industry Regulatory Authority, Inc. The securities traded on the
Over-the-Counter Bulletin Board are not listed or traded on the floor of an organized national or regional stock exchange. Instead,
these securities transactions are conducted through a telephone and computer network connecting dealers in stocks. Over-the-counter
stocks are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national
stock exchange.
22
Even
if our shares are quoted on the Over-the-Counter Bulletin Board, a purchaser of our shares may not be able to resell the shares.
Broker-dealers may be discouraged from effecting transactions in our shares because they will be considered penny stocks and will
be subject to the penny stock rules. Rules 15g-1 through 15g-9 promulgated under the Securities Exchange Act of 1934, as amended,
impose sales practice and disclosure requirements on brokers-dealers who make a market in a "penny stock." A penny stock
generally includes equity securities (other than securities registered on some national securities exchanges) that have a market
price of less than $5.00 per share. Under the penny stock regulations, a broker-dealer selling penny stock to anyone other than
an established customer or "accredited investor" (generally, an individual with net worth in excess of $1,000,000 or
an annual income exceeding $200,000, or $300,000 together with his or her spouse) must make a special suitability determination
for the purchaser and must receive the purchaser's written consent to the transaction prior to sale, unless the broker-dealer
or the transaction is otherwise exempt. In addition, the penny stock regulations require the broker-dealer to deliver, prior to
any transaction involving a penny stock, a disclosure schedule prepared by the SEC relating to the penny stock market, unless
the broker-dealer or the transaction is otherwise exempt. A broker-dealer is also required to disclose commissions payable to
the broker-dealer and the registered representative and current quotations for the securities. Finally, a broker-dealer is required
to send monthly statements disclosing recent price information with respect to the penny stock held in a customer's account and
information with respect to the limited market in penny stocks.
The
additional sales practice and disclosure requirements imposed upon broker-dealers may discourage broker-dealers from effecting
transactions in our shares, which could severely limit the market liquidity of the shares and impede the sale of our shares in
the secondary market, assuming one develops.
By
Selling Stockholders
We
are registering shares of our common stock on behalf of the selling shareholders. The selling shareholders will offer and sell
the shares of our common stock to which this prospectus relates for their own accounts. We will not receive any proceeds from
the sale of those shares. We will pay all fees and expenses in connection with the registration of those shares. Fees and expenses
of any attorneys or other advisors retained by the selling shareholders in connection with the registration will be paid by the
selling shareholders.
The
selling shareholders may sell some or all of their shares of our common stock registered hereby at a fixed price of $1.00 per
share. Prior to those prices being quoted on the OTCBB, the selling shareholders may sell their shares of our common stock registered
hereby in private transactions to other individuals. Although our common stock is not listed on a public exchange, we intend to
apply for participation on the OTCBB concurrently with the filing of this registration statement. In order to be quoted on the
OTCBB, a market maker must file an application on our behalf in order to make a market for our common stock. There can be no assurance
that a market maker will agree to file the necessary documents with FINRA, which operates the OTCBB, nor can there be any assurance
that such an application for quotation will be approved. However, sales by selling shareholders of their shares of our common
stock registered hereby must be made at the fixed price of $1.00 until the prices of our common stock are quoted on the OTCBB.
When
prices for our common stock are quoted on the OTCBB, the shares of our common stock registered hereby may be sold or distributed
from time to time by the selling shareholders directly to one or more purchasers or through brokers or dealers who act solely
as agents, at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at negotiated
prices or at fixed prices, which may be changed. The distribution of those shares may be effected in one or more of the following
methods:
●
ordinary
brokers transactions, which may include long or short sales;
●
transactions
involving cross or block trades on any securities or market where our common stock is trading;
●
through
direct sales to purchasers or sales effected through agents;
●
through
transactions in options, swaps or other derivatives (whether exchange listed or otherwise); or
●
any
combination of the foregoing;
In
addition, the selling shareholders may enter into hedging transactions with broker-dealers who may engage in short sales, if short
sales were permitted, of those shares in the course of hedging the positions they assume with the selling stockholders. The selling
shareholders may also enter into option or other transactions with broker-dealers that require the delivery by such broker-dealers
of those shares, which shares may be resold thereafter pursuant to this prospectus. To our best knowledge, none of the selling
shareholders are broker-dealers or affiliates of broker dealers.
We
will inform the selling shareholders that the anti-manipulation rules of Regulation M under the Securities Exchange Act of 1934
may apply to sales of those shares in the market and to the activities of the selling shareholders and their affiliates. In addition,
we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling shareholders
for the purpose of satisfying the prospectus delivery requirements of the Securities Act of 1933. The selling shareholders may
indemnify any broker-dealer that participates in transactions involving the sale of those shares against certain liabilities,
including liabilities arising under the Securities Act of 1933.
Brokers,
dealers, or agents participating in the distribution of those shares may receive compensation in the form of discounts, concessions
or commissions from the selling shareholders and/or the purchasers of shares for whom such broker-dealers may act as agent or
to whom they may sell as principal, or both (which compensation as to a particular broker-dealer may be in excess of customary
commissions). Neither the selling shareholders nor we can presently estimate the amount of such compensation. We know of no existing
arrangements among the selling shareholders and any other shareholder, broker, dealer or agent relating to the sale or distribution
of those shares.
23
Our
affiliates and/or promoters, if any, who are offering their shares of our common stock for sale and any broker-dealers who act
in connection with the sale of the shares of our common stock hereunder will be deemed to be "underwriters" of this
offering within the meaning of the Securities Act of 1933, and any commissions they receive and proceeds of any sale of the shares
may be deemed to be underwriting discounts and commissions under the Securities Act of 1933.
The
selling shareholders and any purchasers of our common stock should be aware that any market that develops for our common stock
will be subject to "penny stock" rules.
Insofar
as indemnification for liabilities occurring pursuant to the Securities Act of 1933 may be permitted to our directors, officers,
and controlling persons, we have been advised that in the opinion of the SEC such indemnification is against public policy as
expressed in the Securities Act of 1933 and, therefore, unenforceable.
If
any of the selling shareholders enter into an agreement after the effectiveness of the registration statement of which this prospectus
is a part to sell all or a portion of his or her shares of our common stock registered hereby to a broker-dealer as principal
and that broker-dealer acts as underwriter, we will file a post-effective amendment to this registration statement identifying
that broker-dealer, providing the required information regarding the plan of distribution, revising disclosures in that registration
statement, as required, and filing a copy of that agreement as an exhibit to that registration statement.
24
SELLING
STOCKHOLDERS
All
of the shares of common stock issued are being offered by the selling stockholders listed in the table below. None of the selling
stockholders are broker-dealers or affiliated with broker-dealers. We issued the shares of common stock pursuant to a private
placement exempt from registration under Section 4(2) and Regulation S of the Securities Act of 1933.
The
selling stockholders may offer and sell, from time to time, any or all of the common stock issued. Because the selling stockholders
may offer all or only some portion of the 400,000 shares of common stock to be registered, no estimate can be given as to the
amount or percentage of these shares of common stock that will be held by the selling stockholders upon termination of the offering.
The
following table sets forth certain information regarding the beneficial ownership of shares of common stock by the selling
stockholders as of August 5, 2020, and the number of shares of common stock covered by this prospectus. The number of shares
in the table represents an estimate of the number of shares of common stock to be offered by the selling
stockholders.
Selling Shareholders
Shares of
Common  Stock
Owned Prior to
Offering
Shares of
Common Stock to
be Offered for
Sale
Shares of
Common Stock
Owned After the
Offering
Percentage of
Common Stock
Owned Before the
Offering
Percentage of
Common Stock
Owned After the
Offering
ULRICH ZWISSLER
625000
10000
615000
2.48%
2.44%
ALOIS KNIEWALLNER
374000
10000
364000
1.49%
1.45%
CLAUS NECKEL
353500
10000
343500
1.40%
1.36%
JOZEF BALOGH
320000
10000
310000
1.27%
1.23%
REINHOLD JANACH
198442
10000
188442
0.79%
0.75%
SIEGFRIED HEGER
150000
10000
140000
0.60%
0.56%
RAINER LACHMANN
137000
10000
127000
0.54%
0.50%
JUERGEN KNOBLAUCH
130200
10000
120200
0.52%
0.48%
MICHAEL KRAFT
120600
10000
110600
0.48%
0.44%
FRIEDHELM FINKE
118400
10000
108400
0.47%
0.43%
MANFRED BAUMANN
80000
10000
70000
0.32%
0.28%
BERND WEICHERDING
71000
10000
61000
0.28%
0.24%
EBERHARD BEHREND
50000
10000
40000
0.20%
0.16%
EDWIN PIRZER
50000
10000
40000
0.20%
0.16%
HERBERT ROSENEDER
50000
10000
40000
0.20%
0.16%
SIEGFRIED MORATH
46000
10000
36000
0.18%
0.14%
KARL HUTTER
40000
10000
30000
0.16%
0.12%
EDWIN DORNISCH
36000
10000
26000
0.14%
0.10%
HELMUT LANTZBERG
33000
10000
23000
0.13%
0.09%
HOLLY RUDIGER
30000
10000
20000
0.12%
0.08%
JOSEF REINKOBER
30000
10000
20000
0.12%
0.08%
REINHOLD EISENBRAUN
30000
10000
20000
0.12%
0.08%
ROLF SCHRAFT
30000
10000
20000
0.12%
0.08%
WOLFGANG HOFFMAN
29000
10000
19000
0.12%
0.08%
CHRISTOPH GASSMAN
26500
10000
16500
0.11%
0.07%
SIEGFRIED HOELLE
26200
10000
16200
0.10%
0.06%
HELMUT ROSCHLAK
25000
10000
15000
0.10%
0.06%
ROBERT BAUER
22900
10000
12900
0.09%
0.05%
HORST BOLTEN
20435
10000
10435
0.08%
0.04%
ERICH SPERER
15000
10000
5000
0.06%
0.02%
BERND DANKELMANN
14000
10000
4000
0.06%
0.02%
EKKEHARD ADY
14000
10000
4000
0.06%
0.02%
HELMUT LACHMANN
13000
10000
3000
0.05%
0.01%
GERHARD WAGNER
12800
10000
2800
0.05%
0.01%
DIETER HANKIEWICZ
11000
10000
1000
0.04%
0.00%
ARMIN WAGNER
10000
10000
0
0.04%
0.00%
HANS ERLACHER
10000
10000
0
0.04%
0.00%
HAUF ERNST
10000
10000
0
0.04%
0.00%
HELMUT PASCHER
10000
10000
0
0.04%
0.00%
MARIA SEMMELROCK-PICEJ
10000
10000
0
0.04%
0.00%
3382977
400000
2982977
25
DESCRIPTION
OF SECURITIES
Common
Stock
Our
authorized capital stock consists of 75,000,000 shares of common stock, par value $0.001 per share.
The
holders of our common stock:
●
Have
equal rateable rights to dividends from funds legally available therefore, when, as and if declared by our Board of Directors;
●
Are
entitled to share rateably in all of our assets available for distribution to holders of common stock upon liquidation, dissolution
or winding up of our affairs;
●
Do
not have pre-emptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and
●
Are
entitled to one non-cumulative vote per share on all matters on which stockholders may vote.
The
shares of common stock are not subject to any future call or assessment and all have equal voting rights. There are no special
rights or restrictions of any nature attached to any of the common shares and they all rank at equal rate or
pari passu
, each with the other, as to all benefits, which might accrue to the holders of the common shares. All registered stockholders
are entitled to receive a notice of any general annual meeting to be convened by our Board of Directors.
At
any general meeting, subject to the restrictions on joint registered owners of common shares, every stockholder who is present
in person or by proxy and entitled to vote has one vote, and on a poll every stockholder has one vote for each share of common
stock of which he is the registered owner and may exercise such vote either in person or by proxy. To the knowledge of our management,
at the date hereof, our officers and directors are the only persons to exercise control, directly or indirectly, over more than
10% of our outstanding common shares. See "Security Ownership of Certain Beneficial Owners and Management."
We
refer you to our Articles of Incorporation and Bylaws, copies of which were filed with the registration statement of which this
prospectus is a part, and to the applicable statutes of the State of Nevada for a more complete description of the rights and
liabilities of holders of our securities.
As
of August 5, 2020, there were 25,250,703 shares of our common stock issued and outstanding.
Preferred
Stock
We
are not authorized to issue any preferred stock.
Options,
Warrants and Rights
There
are no outstanding options, warrants, or similar rights to purchase any of our securities.
Non-cumulative
Voting
Holders
of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding
shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event,
the holders of the remaining shares will not be able to elect any of our directors.
Cash
Dividends
As
of the date of this prospectus, we have not paid any cash dividends to stockholders. The declaration of any future cash dividend
will be at the discretion of our Board of Directors and will depend upon our earnings, if any, our capital requirements and financial
position, our general economic and other pertinent conditions. It is our present intention not to pay any cash dividends in the
foreseeable future, but rather to reinvest earnings, if any, into our business.
Transfer
Agent
The
transfer agent and registrar for our common stock is Sedona Equity Registrar & Transfer, Inc., 12601 N. Cave Creek Road, Suite
118, Phoenix, AZ 85022. The transfer agent is responsible for all record-keeping and administrative functions in connection with
our issued and outstanding common stock.
SHARES
ELIGIBLE FOR FUTURE SALE
There
is no public market for our common stock. We cannot predict the effect, if any, that market sales of shares of our common stock
or the availability of shares of our common stock for sale will have on the market price of our common stock. Sales of substantial
amounts of our common stock in the public market could adversely affect the market prices of our common stock and could impair
our future ability to raise capital through the sale of our equity securities.
26
Upon
completion of this Offering, based on our outstanding shares as of August 5, 2020, we will have outstanding an aggregate of
25,250,703 shares of common stock outstanding. Of these shares, upon effectiveness of the registration statement of which
this prospectus forms a part, all shares covered hereby and sold under the Offering will be freely transferable without
restriction or further registration under the Securities Act.
Rule
144
In
general, under Rule 144 as currently in effect, a person who is not one of our affiliates and who is not deemed to have been one
of our affiliates at any time during the three months preceding a sale and who has beneficially owned shares of our common stock
that are deemed restricted securities for at least six months would be entitled after such six-month holding period to sell the
common stock held by such person, subject to the continued availability of current public information about us (which current
public information requirement is eliminated after a one-year holding period).
A
person who is one of our affiliates, or has been an affiliate of ours at any time during the three months preceding a sale, and
who has beneficially owned shares of our common stock that are deemed restricted securities for at least six months would be entitled
after such six-month holding period to sell his or her securities, provided that he or she sells an amount that does not exceed
1% of the number of shares of our common stock then outstanding (or approximately 251,787 shares) immediately after this Offering
(or, if our common stock is listed on a national securities exchange, the average weekly trading volume of the shares during the
four calendar weeks preceding the sale), subject to the continued availability of current public information about us and compliance
with certain manner of sale provisions.
Rule
144 is not available for resale of restricted securities of shell companies or former shell companies until one year elapses from
the time that such company is no longer considered a shell company.
LEGAL
MATTERS
We
know of no existing or pending legal proceedings against us, nor are we involved as a plaintiff in any proceeding or pending litigation.
There are no proceedings in which any of our directors, officers or any of their respective affiliates, or any beneficial stockholder,
is an adverse party or has a material interest adverse to our interest. Our address for service of process in Nevada is 4650 Wedekind
Road, #2, Sparks, Nevada 89431.
LEGAL
REPRESENTATION
Lane
& Associates, P.A., c/o Paul Camp Lane, Esq. will pass upon the validity of the common stock offered hereby.
EXPERTS
The
financial statements included in this prospectus, and in the registration statement of which this prospectus is a part, have been
audited by Centurion ZD CPA & Co., an independent registered public accounting firm, to the extent and for the period set
forth in their report appearing elsewhere herein and in the registration statement, and are included in reliance upon such report
given upon the authority of said firm as experts in auditing and accounting. No expert or counsel named in this prospectus as
having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being
registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency
basis or had, or is to receive, in connection with the offering, a substantial interest, directly or indirectly, in the Company,
nor was any such person connected with the Company as a promoter, managing or principal underwriter, voting trustee, director,
officer or employee.
DISCLOSURE
OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES LIABILITIES
Our
Bylaws, subject to the provisions of Nevada law, contain provisions which allow us to indemnify any person against liabilities
and other expenses incurred as the result of defending or administering any pending or anticipated legal issue in connection with
service to us if it is determined that person acted in good faith and in a manner which he reasonably believed was in the best
interest of the corporation. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted
to our directors, officers and controlling persons, we have been advised that in the opinion of the Securities and Exchange Commission,
such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.
CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
There
have not been any changes in or disagreements with accountants on accounting, financial disclosure or any other matter.
27
WHERE
YOU CAN GET MORE INFORMATION
In
accordance with the Securities Act of 1933, we are filing with the SEC a registration statement on Form S-1, of which this prospectus
is a part, covering the securities being offered by the Registrant. As permitted by rules and regulations of the SEC, this prospectus
does not contain all of the information set forth in the registration statement. For further information regarding both our Company
and our common stock, we refer you to the registration statement, including all exhibits and schedules, which you may inspect
without charge at the public reference facilities of the SEC's Washington, D.C. office, 100 F Street, N.E., Washington,
D.C. 20549, on official business days during the hours of 10am and 3pm, and on the SEC Internet site at http:\\www.sec.gov. Information
regarding the operation of the public reference rooms may be obtained by calling the SEC at 1-800-SEC-0330.
MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
The
following discussion of our financial condition and results of operation should be read in conjunction with the financial statements
and related notes that appear elsewhere in this prospectus. This discussion contains forward-looking statements and information
relating to our business that reflect our current views and assumptions with respect to future events and are subject to risks
and uncertainties, including the risks in the section entitled Risk Factors beginning on page 6, that may cause our or our industry's
actual results, levels of activity, performance or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these forward-looking statements.
These
forward-looking statements speak only as of the date of this prospectus. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. Except
as required by applicable law, including the securities laws of the United States, we expressly disclaim any obligation or undertaking
to disseminate any update or revisions of any of the forward-looking statements to reflect any change in our expectations with
regard thereto or to conform these statements to actual results.
Plan
of Operations
4DMed,
Ltd. ("4DMed", the "Company" "we" or "us") is a development stage company. We
were incorporated under the laws of the state of Nevada on November 2, 2016. 4DMed, Ltd. ("4DMed", the "Company"
"we" or "us") is a development stage company. We were incorporated under the laws of the state of Nevada
on November, 2016. We are a medical software and medical device development company that intends to design, patent, and market
a medical virtual reality operating system with integrated, customary haptic and position sensing interfaces for the health care
education research, software and medical device markets.
Milestones
Months
1 through 3
During
the first three (3) months we plan to:
o
Complete
development on the second generation of 4dmed Scene in hospital
o
Complete
development on the first scene for coronavirus inspection in hospital.
o
Apply
for Trademark registration in USA, Singapore, and Canada for the scenes design
o
Enter
contract with a hospital and the education institutions for the first VR course development in Singapore
o
Set
up the Show room in Singapore and Toronto
o
Design
the first new scene and guideline of surgery room for virtual reality course
o
Hire
2-3 VR engineering staff in Canada
4DMed-MedVR
We
design MedVR to educate, motivate, and activate people to achieve the best possible health program for their environment and it
will be responsible for developing the educational component of 4DMED activities. It is currently developing two different training
programs.
One
is surgeon training to be given by senior, experienced trainers, the other creates medical simulation ("SIM") environments
for training nurses or other junior trainees. In designing the 4DMED Simulator, the company employs both the "far"
and "close" approaches - to make it easier for training in hospitals or universities.
Development
the Second Generation of the 4dmed software.
We
presently are working with few VR medial companies to develop the new medical scenes for education industries. During this period,
we intend on securing all work in process inventory, design documentation, prototypes and all intellectual property.
28
Financial/Sales/Engineering
Staff
We
plan on hiring three VR engineers. Two engineers for software, one and one for mechanical. If in the event, we are unable to secure
engineers with the required skills necessary we will continue to outsource such functions. We believe, however, that having in
house engineers will significantly reduce the amount of time we spend going back and forth with outsourced service providers.
In
addition, we expect that during months one (1) through three (3) that we will hire a VP of sales to handle product sales to distributors
and retailers for the vegetable markets.
Months
4 through 6
During
the following three (3) months, we expect to achieve the following:
o
Hiring
the
industrial
designing company for the new design for VR headset with brain
mapping
o
Seek
more suppliers for the materials for VR groves and sensors
o
Hiring
the marketing company of expansion in Singapore Office
o
Engage
the universities to design the surgery education VR program
o
Developing
second generation of MedXR eco Systems.
o
Developing
the IT marketing Program for education media and other social media platforms.
4dMED
-MedXR
We
will develop the treatment component of 4DMED activities. These will include virtual environments to clinically treat severe mental
and behavioral health problems including…drug and alcohol abuse, schizophrenia, post-traumatic stress disorder, mood disorders,
mild cognitive impairment, autism spectrum disorder, ADHD and others. MedXR creates experiences that activate cognitive, emotional
and physiological responses with the goal of improving health. These VR experiences empower individuals and lower the barriers
to good health with personalized content and treatment, by creating emotional regulation skills and stress resilience techniques.
MedXR has built a breakthrough, comprehensive platform for activating healthy behaviors and improving health outcomes. The platform
enables clinical organizations to extend their brand into new virtual patient care experiences.
Months
7 through 9
During
the following three (3) months, we expect to achieve the following:
o
Set
up the New App and start to send sample to end users
o
Finish
the design in Canada project and start to order the materials for our 4dmed Box
o
Finish
the second level of MedXR and Virtual Reality Platform for the Senior Living Industry
o
Finish
the 4dmed SDK box for MedXR and MedVR
o
Starting
the develop the computer system to brain mapping record of the New Headset system
MedAI
will be responsible for the surgical element of 4DMED activities. 4DMED software development kit (SDK) is the company's
own proprietary product used to develop all of its surgical operations. Users can also use this proprietary SDK to create their
own applications, or other VR teaching applications together with support from the MedVR library program.
Streaming
interactive, cloud-based VR experiences over upcoming high-speed 5G mobile networks may be possible with a combination of a low
latency encoder and optimized client decoding. This will help to achieve VR experiences that deliver presence without simulation
sickness.
Distributor
Demo
If
we are successful in previous months, it is anticipated that in months seven (7) through nine (9) we will have the first three
scenes and equipment set( 4dmed Box) and send samples to education institutions and senior home managements companies as well
as certain University and Hospital. During our discussions with distributors, such as Big Corporation, our understanding is that
new products are evaluated and tested by a committee and then taken to retailers to gauge interest. Retailer interest determines
initial order levels.
Finish
the design for MedXR project and start to plug in our SDK program
Senior
program can Improve quality of life for seniors by deploying cutting edge technology to help decrease pain, anxiety, depression
and more. The result is happier clients, increased mental activity and reduced operational cost.
Transform
our recreational program by providing a completely new way to interact, explore and provide unforgettable fulfilling experiences.
Marketing add-on allows for the virtual tours of seniors will give them the opportunity to discover and experience the world in
a whole new way.
29
Months
10 through 12
o
Start
to install the 1
st
Senior program in the 4dmed set
o
Design
the package for the products for the North America market
o
Seeking
the products seeds sources for Asia markets
o
Testing
the Med SLS and start to design programs for mental health, exposure therapy, mindfulness, pain management,
o
Begin
advertising / promotion campaign
During
the following three (3) months, we expect to achieve the following:
Start
to instore our product – 4DMed Box set in North America and Asia.
Design
the package for the products for the Online Customers.
Begin
advertising / promotion campaign.
Seek
on-going associations and industry group approvals and marketing support. We intend to get needed industry and association and
government approvals and seek their help in securing potential industry and government access as well as any needed sponsorships
and support.
Work
with other firms to assist in optimizing its products for certain virtual reality medial where needed.
Sign
additional sub-license agreements or joint venture agreements with strategic partners. Central to the Company's strategy
is to sign large "education of medical" and "elderly care "agreements with commercial partners.
We
do not currently have any arrangements for financing, and we can provide no assurance to investors we will be able to find such
financing. There can be no assurance that additional financing will be available to us, or on terms that are acceptable. Consequently,
we may not be able to proceed with our intended business plans or complete the development and commercialization of our product.
Liquidity
and Results of Operations
Six
months results – for the six months ended June 30, 2020 and 2019; Liquidity and Capital Resources Comparison of the Years
Ended Results – For the Years Ended December 31, 2019 and 2018
Revenues
and Gross Profit
Revenues
and Gross Profit for the six months ended June 30, 2020 and June 20, 2019; and the years ended December 31, 2019 and December
31, 2018 are zero. The Company is a development stage company and has incurred significant costs in research and development activities.
See discussion below for further information. At June 30, 2020, the Company had incurred an accumulated deficit of $3,676,041
since inception.
Costs
and Expenses
Costs
and Expenses
Total
operating cost and expenses decreased to $799,080 for the six months ended June 30, 2020, as compared to $1,415,471 for the six
months ended June 30, 2019. These decreases were primarily due to decreasing costs associated with General Administrative Expenses,
mainly Marketing expenses
Total
operating cost and expenses increased to $2,336,135 for the year ended December 31, 2019, as compared to $514,583 for the year
ended December 31, 2018. These increases were primarily due to increasing costs associated with Marketing and Consulting expenses.
Other
Income and Expenses
Income
Taxes
The
Company had no income tax expenses or income tax benefit for the years ended December 31, 2019 and 2018, due to incurrence of
net operating loss in each of these periods. There are no income tax refund opportunities currently available.
30
Effect
of Inflation
Inflation
has not had a significant impact on the Company's operations or cash flows.
Liquidity
and Capital Resources
Cash
Flow Information
As
of June 30, 2020, the Company had cash and cash equivalents of approximately $132,969 as compared to cash and cash equivalents
of $569,285 at June 30, 2019. This represents a slight decrease in cash of $463,316.
As
of December 31, 2019, the Company had cash and cash equivalents of approximately $3,074 as compared to cash and cash equivalents
of $343,622 at December 31, 2018. This represents a slight decrease in cash of $340,548.
Cash
used in Operating Activities
The
Company used approximately $806,596 of cash for operating activities for the six months ended June 30, 2020 as compared to use
$1,415,471 of cash for operating activities for the six months ended June 30, 2019. This resulted in a decrease in cash used in
operating activities of $608,875. The expenses consisted of filing fees, professional fees and other general expenses.
The
Company used $2,314,587 of cash for operating activities in the year ended December 31, 2019 as compared to use $493,035 of cash
for operating activities in the year ended December 31, 2018. This resulted in an increase in cash used in operating activities
of $1,821,552. The expenses consisted of filing fees, professional fees and marketing expenses.
Cash
provided by Investing Activities
The
Company provided $(602,612) of cash by investing activities for the six months ended June 30, 2020 as compared to use $1,308,407
of cash for investing activities for the six months ended June 30, 2019.
The
Company provided $2,946,997 of cash by investing activities in the year ended December 31, 2019 as compared to use $1,309,745
of cash for investing activities in the years ended December 31, 2018.
Cash
(Used in) Provided by Financing Activities
The
Company provided $333,879 of cash by investing activities in the six months ended June 30, 2020 as compared to provided $2,949,541
of cash for investing activities in the six months ended June 30, 2019.
Financing
activities in the years ended December 31, 2019, used approximately $4,921,036 of cash provided as compared to $2,146,402 of cash
provided in the year ended December 31, 2018.
The
Company's principal sources and uses of funds are investments from accredited investors. The Company would need to raise
additional capital in order to meet its business plan. Management intends to secure additional funds using borrowing or the further
sale of securities to accredited investors in the future. There is no assurance that we may secure funding, or whether it can
do so on terms acceptable to us, or at all, and its liquidity would be severely compromised.
The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates,
amongst other things, the realization of assets and satisfaction of liabilities in the course of business.
We
anticipate that our future liquidity requirements will arise from the need to fund our growth, pay our current obligations and
future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations
and raising additional funds from private sources and/or debt financing.
Off-Balance
Sheet Arrangements
We
have no off-balance sheet arrangements.
31
Going
Concern Qualification
Our
independent auditors included an explanatory paragraph in their report on the accompanying financial statements expressing concerns
about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the
circumstances that lead to this disclosure by our independent auditors.
We
anticipate that our future liquidity requirements will arise from the need to fund our growth, pay our current obligations and
future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations
and raising additional funds from private sources and/or debt financing.
Critical
Accounting Policies
The
preparation of our financial statements requires us to make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues, and expenses and related disclosures about contingent assets and liabilities. We base these estimates and
assumptions on historical experience and on various other information and assumptions that are believed to be reasonable under
the circumstance. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly,
these estimates may change as additional information is obtained, as more experience is acquired, as our operating environment
changes and as new events occur. Our critical accounting policies are listed in the notes to our audited financial statements
included in of this Registration Statement.
32
4DMED, LTD
INDEX TO FINANCIAL STATEMENTS
Page
Report of Independent Registered Public Accounting Firm
F-2
Balance Sheets as of December 31, 2019 and 2018
F-3
Statements of Operations and Comprehensive Loss for the years ended December 31, 2019 and 2018
F-4
Statements of Stockholders' Equity for the years ended December 31, 2019 and 2018
F-5
Statements of Cash Flows for the years ended December 31, 2019 and 2018
F-6
Notes to Financial Statements
F-7 - F-11
F-
1
Report
of Independent Registered Public Accounting Firm
To
the Board of Directors and Stockholders of 4DMed, Ltd.
Opinion
on the Financial Statements
We
have audited the accompanying balance sheets of 4DMed, Ltd.(the "Company") as of December 31, 2019 and 2018, and the
related statements of operations and comprehensive losses, stockholders' equity and cash flows for the years ended December
31, 2019 and 2018, and the related notes (collectively referred to as the "financial statements"). In our opinion, the
financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2019 and
2018, and the results of its operations and its cash flows for the year ended December 31, 2019 and 2018 in conformity with accounting
principles generally accepted in the United States of America.
The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 3 to the financial statements, the Company has suffered recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are
also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Basis
for Opinion
These
financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight
Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the
U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error
or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial
reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not
for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly,
we express no such opinion.
Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to
error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that our audits provide a reasonable basis for our opinion.
/s/ Centurion ZD CPA & Co.
Centurion ZD CPA & Co.
Hong Kong
June 11, 2020
We
have served as the Company's auditor since 2020.
F-
2
4DMED, LTD.
Balance Sheets
December 31,
December 31,
2019
2018
ASSETS
Current assets
Amount due from a related party
$
4,788,796
$
1,841,799
Cash and cash equivalents
3,074
343,622
Total current assets
4,791,870
2,185,421
Total assets
$
4,791,870
$
2,185,421
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accrual
$
43,097
$
21,549
Total current liabilities
43,097
21,549
Total liabilities
$
43,097
$
21,549
Stockholders' equity
Common stock at $0.001 par value; 75,000,000 shares authorized; 24,821,003 and 22,861,434 shares issued and outstanding at December 31, 2019 and 2018, respectively.
24,821
22,861
Additional paid-in capital
6,708,268
2,656,314
Common stock subscribed
892,645
25,523
Accumulated deficit
(2,876,961
)
(540,826
)
Total Stockholders' equity
4,748,773
2,163,872
Total liabilities and Stockholders' equity
$
4,791,870
$
2,185,421
The
accompanying notes are an integral part of these financial statements.
F-
3
4DMED, LTD.
Statements of Operations and Comprehensive Loss
Year ended December
31, 2019
Year ended December
31, 2018
Revenue
$
-
$
-
Cost of sales
-
-
Gross profit
-
-
Operating expenses
(2,336,135
)
(514,583
)
Loss from operations
(2,336,135
)
(514,583
)
Income tax expense
-
-
Net loss
$
(2,336,135
)
(514,583
)
Other comprehensive loss
Foreign currency translation adjustments
-
-
Comprehensive loss
-
-
The
accompanying notes are an integral part of these financial statements.
F-
4
4DMED,
LTD.
Statements
of Stockholders' Equity
Number
    of
Shares
Amount
Additional
    Paid-in
Capital
Common
    Stock
Subscribed
Accumulated
Deficit
Stockholders'
Equity
Balance
    as of December 31, 2017 and January 1, 2018
21,397,950
$
21,397
$
528,634
$
8,265
$
(26,243
)
$
532,053
Issuance of common
    stock
1,463,484
1,464
2,127,680
-
-
2,129,144
Stock subscriptions
-
-
-
17,258
-
17,258
Net
    loss for the year
-
-
-
-
(514,583
)
(514,583
)
Balance as of December
    31, 2018 and January 1, 2019
22,861,434
$
22,861
$
2,656,314
$
25,523
$
(540,826
)
$
2,163,872
Issuance of common
    stock
1,965,569
1,966
4,069,128
-
-
4,071,094
Cancellation of common
    stock
(6,000
)
(6
)
(17,174
)
-
-
(17,180
)
Stock subscriptions
-
-
-
867,122
-
867,122
Net
    loss for the year
-
-
-
-
(2,336,135
)
(2,336,135
)
Balance
    as of December 31, 2019
24,821,003
$
24,821
$
6,708,268
$
892,645
$
(2,876,961
)
$
4,748,773
The
accompanying notes are an integral part of these financial statements.
F-
5
4DMED, LTD.
Statements of Cash Flows
Year ended
December 31, 2019
Year ended
December 31, 2018
Cash flows from operating activities:
Net loss from operations
$
(2,336,135
)
$
(514,583
)
Changes in operating assets and liabilities:
Accrual
21,548
21,548
Net cash used in operating activities
(2,314,587
)
(493,035
)
Cash flows from investing activities:
Advanced to a related party
(2,952,525
)
(2,060,565
)
Repayment from a related party
5,528
750,820
Net cash used in investing activities
(2,946,997
)
(1,309,745
)
Cash flows from financing activities:
Proceed from issuance of common stock
4,071,094
2,129,144
Redemption of common stock
(17,180
)
-
Proceed from stock subscription
867,122
17,258
Net cash provided by financing activities
4,921,036
2,146,402
Net (decreased) increased in cash and cash equivalents
(340,548
)
343,622
Cash and cash equivalents, beginning of year
343,622
-
Cash and cash equivalents, end of year
$
3,074
$
343,622
Supplemental cash flow disclosure:
Cash paid for interest expense
$
-
$
-
Cash paid for income taxes
$
-
$
-
The
accompanying notes are an integral part of these financial statements.
F-
6
4DMED,
LTD.
FOR
THE YEAR ENDED DECEMBER 31, 2019 AND 2018
NOTES
TO FINANCIAL STATEMENTS
NOTE
1 - ORGANIZATION AND BUSINESS DESCRIPTION
4DMed,
Ltd. (the "Company") was incorporated on November 2, 2016 in the State of Nevada, USA. The Company is a medical software
and medical device development company that intends to design, patent, and market a medical virtual reality operating
system with integrated, customary haptic and position sensing interfaces for the health care education research, software
and medical device markets. The purpose of the Company is to be a holding company for Hong Kong and Canadian operating companies.
NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS
OF PRESENTATION
The
financial statements have been prepared on a historical cost basis to reflect the financial position and results of operations
of the Company in accordance with the accounting principles generally accepted in the United States of America ("US GAAP").
USE
OF ESTIMATES
The
preparation of the Company's financial statements in conformity with generally accepted accounting principles of the United
States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on
historical trends and other information available when the financial statements are prepared. Actual results could differ from
those estimates.
FAIR
VALUE MEASUREMENTS
ASC
Topic 820,
Fair Value Measurement and Disclosures
, defines fair value as the exchange price that would be received
for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability
in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy,
which requires classification based on observable and unobservable inputs when measuring fair value. Certain current assets and
current liabilities are financial instruments. Management believes their carrying amounts are a reasonable estimate of fair value
because of the short period of time between the origination of such instruments and their expected realization and, if applicable,
their current interest rates are equivalent to interest rates currently available. The three levels of valuation hierarchy are
defined as follows:
●
Level
    1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
●
Level
    2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs
    that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial
    instruments.
●
Level
    3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.
F-
7
The
carrying amounts of financial assets and liabilities, such as balance with related parties approximate their fair values because
of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest.
CASH
AND CASH EQUIVALENTS
Cash
and cash equivalents represent cash on hand, demand deposits, and other short-term highly liquid investments placed with banks,
which have original maturities of three months or less and are readily convertible to known amounts of cash.
INCOME
TAXES
The
Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification
("ASC") 740, "Income Taxes" ("ASC 740"). Under this method, income tax expense is recognized
as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences
between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences
are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred
tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred
tax assets will not be realized.
RECENT
ACCOUNTING PRONOUNCEMENTS
In
March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") ASU
No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU
2020-04"). The amendments in this update provide optional expedients and exceptions for applying GAAP to contracts, hedging
relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU
apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate that is
expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not
apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging
relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained
through the end of the hedging relationship. The amendments in this ASU are effective for all entities as of March 12, 2020 through
December 31, 2022. The Company did not modify any material contracts due to reference rate reform during fiscal 2020. The Company
will continue to evaluate the impact this guidance will have on financial statements for all future transactions affected by reference
rate reform during the time permitted.
In
December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU
2019-12"). The FASB issued this update as part of its initiative to reduce complexity in accounting standards. The amendments
in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and
also improve consistent application of other areas by clarifying and amending existing guidance. ASU 2019-12 is effective for
the Company in fiscal 2022 and early adoption is permitted. Certain amendments of this ASU may be adopted on a retrospective basis,
modified retrospective basis or prospective basis. The Company is currently evaluating the impact this guidance will have on its
financial statements.
F-
8
In
June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which establishes ASC 326,
Financial Instruments - Credit Losses. The ASU revises the measurement of credit losses for financial assets measured at amortized
cost from an incurred loss methodology to an expected loss methodology. The ASU affects trade receivables, debt securities, net
investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant
estimates and credit quality are also required. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to
Topic 326, Financial Instruments - Credit Losses. This ASU clarifies that receivables from operating leases are accounted for
using the lease guidance and not as financial instruments. In May 2019, the FASB issued ASU No. 2019-05, Targeted Transition Relief,
which amends ASC 326. This ASU provides an option to irrevocably elect to measure certain individual financial assets at fair
value instead of amortized cost. The Company is currently evaluating the impact this guidance will have on its financial statements.
In
August 2018, the FASB issued ASU 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic
715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14"),
which updates the standard to remove disclosures that no longer are considered cost beneficial, clarifies the specific requirements
of disclosures, and adds disclosure requirements identified as relevant. ASU 2018-14 is effective for the Company in fiscal 2021
on a retroactive basis. This guidance will have no impact on the Company's financial statements upon adoption other than with
respect to the updated disclosure requirements.
In
February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). In July 2018, the FASB issued ASU No. 2018-10, Codification
Improvements to Topic 842, Leases, which provides narrow amendments to clarify how to apply certain aspects of the new lease
standard, and ASU 2018-11, Leases (Topic 842): Targeted Improvements, which addressed implementation issues related to the new
lease standard. These and certain other lease-related ASUs have generally been codified in ASC 842, Leases ("ASC 842").
ASC 842 supersedes the lease accounting requirements in ASC 840, Leases ("ASC 840"). ASC 842 establishes a right-of-use model
that requires a lessee to record a right-of-use ("ROU") asset and a lease liability on the balance sheet
for all leases. Under ASC 842, leases are classified as either finance or operating, with classification affecting the pattern
of expense recognition in the income statement. The standard also requires disclosures around the amount, timing and uncertainty
of cash flows arising from leases. The Company is currently evaluating the impact of adoption of this new standard and does not
believe that the adoption of this ASU will have a significant impact on its financial statements.
Note
3 - GOING CONCERN
The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had
an accumulated deficit of $2,876,961 and $540,826 at December 31, 2019 and 2018, respectively, and had a net loss of $2,336,135
and $514,583 for the years ended December 31, 2019 and 2018, respectively.
The
Company's continuation as a going concern is dependent on its ability to obtain additional financing to fund operations,
implement its business model, and ultimately, attain profitable operations. The Company will need to secure additional funds through
various means, including equity and debt financing or any similar financing. There can be no assurance that the Company will be
able to obtain additional equity or debt financing, if and when needed, on terms acceptable to the Company, or at all. Any additional
equity or debt financing may involve substantial dilution to the Company's stockholders, restrictive covenants or high interest
costs. The Company's long-term liquidity also depends upon its ability to generate revenues and achieve profitability.
F-
9
NOTE
4 - ACCRUAL
Accrual
consisted of the following:
December 31,
2019
December 31,
2018
Accrued accounting fee
$
3,097
$
1,549
Accrued audit fee
40,000
20,000
$
43,097
$
21,549
NOTE
5 - COMMON STOCK
The
Company entered into certain private placements with different investors.  During the years ended December 31, 2019 and 2018,
the Company issued 1,965,569 and 1,463,484 shares of common stock, and cancelled 6,000 and nil of shares of common stock, respectively.
As of December 31, 2019 and 2018, 24,821,003 and 22,861,434 shares respectively, were issued and outstanding.
In
addition, the Company has received $892,645 and $25,523, respectively as of December 31, 2019 and 2018 from the stock subscription
and the shares of common stock had not been issued.
NOTE
6 - INCOME TAXES
The
Company is incorporated in the State of Nevada in the U.S., and is subject to a gradual U.S. federal corporate income tax of 21%.
 The Company did not generate taxable income for the years ended December 31, 2019 and 2018.
The
Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability
to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established
against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could
not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when
management considers realization of such amounts to be more likely than not. A valuation allowance will be maintained until sufficient
positive evidence exists to support the reversal of any portion or all of the valuation allowance
December 31,
2019
December 31,
2018
Deferred tax asset from operating losses carry-forwards
$
490,588
$
108,062
Valuation allowance
(490,588
)
(108,062
)
Deferred tax asset, net
$
-
$
-
F-
10
NOTE
7 - RELATED PARTY TRANSACTIONS AND BALANCES
a.
Related
party
Name
    of related party
Relationship
    with the Company
4DMED
    Limited (Hong Kong Incorporated Company)
Common
    Director, Cheung Yuen May
b.
Related
party balances
The
Company had the following related party balances at December 31, 2019 and 2018:
December 31,
2019
December 31,
2018
Due from a related party:
4DMED Limited
(i)
4,788,796
1,841,799
(i)
As
of December 31, 2019 and 2018, the above amount due from related party is without interest and due on demand.
NOTE
8 - COMMITMENTS AND CONTINGENCIES
Operating
lease
The
Company did not have any operating lease as of December 31, 2019 and 2018.
Legal
proceedings
There
has been no legal proceeding in which the Company is a party as of December 31, 2019 and 2018.
NOTE
9 - SUBSEQUENT EVENT
There
were no events or transactions that would require recognition or disclosure in financial statements for the year ended December
31, 2019.
F-
11
4DMED, LTD.
INDEX TO CONDENSED FINANCIAL STATEMENTS
Page
Condensed Balance Sheets as of June 30, 2020 and December 31, 2019
F-13
Condensed Statements of Operations and Comprehensive Loss for Six and Three Months Ended June 30, 2020 and 2019
F-14
Condensed Statements of Stockholders' Equity for Six and Three Months Ended June 30, 2020 and 2019
F-15
Condensed Statements of Cash Flows for Six Months Ended June 30, 2020 and 2019
F-16
Notes to Condensed Financial Statements
F-17 - F-21
F-
12
4DMED,
    LTD.
Condensed
    Balance Sheets
June 30,
December 31,
2020
2019
(Unaudited)
ASSETS
Current assets
Amount due from a related party
$
4,186,184
$
4,788,796
Cash and cash equivalents
132,969
3,074
Total current assets
4,319,153
4,791,870
Total assets
$
4,319,153
$
4,791,870
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accrual
$
5,581
$
43,097
Deposit received
30,000
-
Total current liabilities
35,581
43,097
Total liabilities
$
35,581
$
43,097
Stockholders' equity
Common stock at $0.001 par value; 75,000,000 shares authorized; 25,250,703 and 24,821,003 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively.
25,251
24,821
Additional paid-in capital
7,504,074
6,708,268
Common stock subscribed
430,288
892,645
Accumulated deficit
(3,676,041
)
(2,876,961
)
Total Stockholders' equity
4,283,572
4,748,773
Total liabilities and Stockholders' equity
$
4,319,153
$
4,791,870
The
accompanying notes are an integral part of these condensed financial statements.
F-
13
4DMED, LTD.
Condensed Statements of Operations and Comprehensive Loss
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2020
2019
2020
2019
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Revenue
$
-
$
-
$
-
$
-
Cost of sales
-
-
-
-
Gross profit
-
-
-
-
Operating expenses
(423,801
)
(771,669
)
(799,080
)
(1,415,471
)
Loss from operations
(423,801
)
(771,669
)
(799,080
)
(1,415,471
)
Income tax expense
-
-
-
-
Net loss
$
(423,801
)
$
(771,669
)
$
(799,080
)
$
(1,415,471
)
Other comprehensive loss
Foreign currency translation adjustments
-
-
-
-
Comprehensive loss
$
-
$
-
$
-
$
-
The
accompanying notes are an integral part of these condensed financial statements.
F-
14
4DMED,
LTD.
Condensed
Statements of Stockholders' Equity
Number
    of
Shares
Amount
Additional
    Paid-in
Capital
Common
    Stock
Subscribed
Accumulated
Deficit
Stockholders'
Equity
Balance
    as of December 31, 2019
24,821,003
$
24,821
$
6,708,268
$
892,645
$
(2,876,961
)
$
4,748,773
Issuance of common
    stock
289,700
290
638,445
(637,35
)
-
-
Stock subscriptions
-
-
-
176,378
-
176,378
Net
    loss for the period
-
-
-
-
(375,279
)
(375,279
)
Balance as of March
    31, 2020
25,110,703
$
25,111
$
7,346,713
$
430,288
$
(3,252,240
)
$
4,549,872
Issuance of common
    stock
140,000
140
157,361
-
-
157,501
Net
    loss for the period
-
-
-
-
(423,801
)
(423,801
)
Balance
    as of June 30, 2020
25,250,703
25,251
7,504,074
430,288
(3,676,041
)
4,283,572
Number
    of
Shares
Amount
Additional
    Paid-in
Capital
Common
    Stock
Subscribed
Accumulated
Deficit
Stockholders'
Equity
Balance
    as of December 31, 2018
22,861,434
$
22,861
$
2,656,314
$
25,523
$
(540,826
)
$
2,163,872
Issuance of common
    stock
267,630
268
604,602
(25,523
)
-
579,347
Stock subscriptions
-
-
-
852,263
-
852,263
Net
    loss for the period
-
-
-
-
(643,802
)
(643,802
)
Balance as of March
    31, 2019
23,129,064
23,129
3,260,916
852,263
(1,184,628
)
2,951,680
Stock subscriptions
-
-
-
1,517,931
-
1,571,931
Net
    loss for the period
-
-
-
-
(771,669
)
(771,669
)
Balance
    as of June 30, 2019
23,129,064
23,129
3,260,916
2,370,194
(1,956,297
)
3,697,942
The
accompanying notes are an integral part of these condensed financial statements.
F-
15
4DMED, LTD.
Condensed Statements of Cash Flows
Six Months Ended
June 30, 2020
Six Months Ended
June 30, 2019
(Unaudited)
(Unaudited)
Cash flows from operating activities:
Net loss from operations
$
(799,080
)
$
(1,415,471
)
Changes in operating assets and liabilities:
Accrual
(37,516
)
-
Deposit received
30,000
-
Net cash used in operating activities
(806,596
)
(1,415,471
)
Cash flows from investing activities:
Advanced to a related party
(333,878
)
(1,308,407
)
Repayment from a related party
936,490
-
Net cash provided by (used in) investing activities
602,612
(1,308,407
)
Cash flows from financing activities:
Proceed from issuance of common stock
796,236
604,870
Proceed from stock subscription
-
2,344,671
Redemption of stock subscription
(462,357
)
-
Net cash provided by financing activities
333,879
2,949,541
Net increased in cash and cash equivalents
129,895
225,663
Cash and cash equivalents, beginning of period
3,074
343,622
Cash and cash equivalents, end of period
$
132,969
$
569,285
Supplemental cash flow disclosure:
Cash paid for interest expense
$
-
$
-
Cash paid for income taxes
$
-
$
-
The
accompanying notes are an integral part of these condensed financial statements.
F-
16
4DMED,
LTD.
FOR
SIX MONTHS ENDED MARCH 31, 2020 AND 2020
NOTES
TO CONDENSED FINANCIAL STATEMENTS
NOTE
1 - ORGANIZATION AND BUSINESS DESCRIPTION
4DMed,
Ltd. (the "Company") was incorporated on November 2, 2016 in the State of Nevada, USA. The Company is a medical software
and medical device development company that intends to design, patent, and market a medical virtual reality operating
system with integrated, customary haptic and position sensing interfaces for the health care education research, software
and medical device markets. The purpose of the Company is to be a holding company for Hong Kong and Canadian operating companies.
NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS
OF PRESENTATION
The
condensed financial statements have been prepared on a historical cost basis to reflect the financial position and results of
operations of the Company in accordance with the accounting principles generally accepted in the United States of America ("US
GAAP").
USE
OF ESTIMATES
The
preparation of the Company's condensed financial statements in conformity with generally accepted accounting principles
of the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items
based on historical trends and other information available when the financial statements are prepared. Actual results could differ
from those estimates.
FAIR
VALUE MEASUREMENTS
ASC
Topic 820,
Fair Value Measurement and Disclosures
, defines fair value as the exchange price that would be received
for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability
in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy,
which requires classification based on observable and unobservable inputs when measuring fair value. Certain current assets and
current liabilities are financial instruments. Management believes their carrying amounts are a reasonable estimate of fair value
because of the short period of time between the origination of such instruments and their expected realization and, if applicable,
their current interest rates are equivalent to interest rates currently available. The three levels of valuation hierarchy are
defined as follows:
●
Level
    1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
●
Level
    2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs
    that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial
    instruments.
●
Level
    3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.
F-
17
The
carrying amounts of financial assets and liabilities, such as balance with related parties approximate their fair values because
of the short maturity of these instruments or the rate of interest of these instruments approximate the market rate of interest.
CASH
AND CASH EQUIVALENTS
Cash
and cash equivalents represent cash on hand, demand deposits, and other short-term highly liquid investments placed with banks,
which have original maturities of three months or less and are readily convertible to known amounts of cash.
INCOME
TAXES
The
Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification
("ASC") 740, "Income Taxes" ("ASC 740"). Under this method, income tax expense is recognized
as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences
between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences
are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred
tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred
tax assets will not be realized.
RECENT
ACCOUNTING PRONOUNCEMENTS
In
June 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") ASU
No. 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities ("ASU
2020-05"). The amendments in this update provide optional expedients and exceptions for applying GAAP to contracts, hedging
relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this ASU
apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate that is
expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not
apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging
relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained
through the end of the hedging relationship. The amendments in this ASU are effective for all entities as of March 12, 2020 through
December 31, 2022. The Company did not modify any material contracts due to reference rate reform during fiscal 2020. The Company
will continue to evaluate the impact this guidance will have on financial statements for all future transactions affected by reference
rate reform during the time permitted.
In
December 2020, the FASB issued ASU No. 2020-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU
2020-12"). The FASB issued this update as part of its initiative to reduce complexity in accounting standards. The amendments
in this ASU simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and
also improve consistent application of other areas by clarifying and amending existing guidance. ASU 2020-12 is effective for
the Company in fiscal 2022 and early adoption is permitted. Certain amendments of this ASU may be adopted on a retrospective basis,
modified retrospective basis or prospective basis. The Company is currently evaluating the impact this guidance will have on its
financial statements.
F-
18
In
June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments, which establishes ASC 326,
Financial Instruments - Credit Losses. The ASU revises the measurement of credit losses for financial assets measured at amortized
cost from an incurred loss methodology to an expected loss methodology. The ASU affects trade receivables, debt securities, net
investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant
estimates and credit quality are also required. In November 2019, the FASB issued ASU No. 2019-19, Codification Improvements to
Topic 326, Financial Instruments - Credit Losses. This ASU clarifies that receivables from operating leases are accounted for
using the lease guidance and not as financial instruments. In May 2020, the FASB issued ASU No. 2020-05, Targeted Transition Relief,
which amends ASC 326. This ASU provides an option to irrevocably elect to measure certain individual financial assets at fair
value instead of amortized cost. The Company is currently evaluating the impact this guidance will have on its financial statements.
In
August 2019, the FASB issued ASU 2019-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic
715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2019-14"),
which updates the standard to remove disclosures that no longer are considered cost beneficial, clarifies the specific requirements
of disclosures, and adds disclosure requirements identified as relevant. ASU 2019-14 is effective for the Company in fiscal 2021
on a retroactive basis. This guidance will have no impact on the Company's financial statements upon adoption other than with
respect to the updated disclosure requirements.
In
February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). In July 2019, the FASB issued ASU No. 2019-10, Codification
Improvements to Topic 842, Leases, which provides narrow amendments to clarify how to apply certain aspects of the new lease
standard, and ASU 2019-11, Leases (Topic 842): Targeted Improvements, which addressed implementation issues related to the new
lease standard. These and certain other lease-related ASUs have generally been codified in ASC 842, Leases ("ASC 842").
ASC 842 supersedes the lease accounting requirements in ASC 840, Leases ("ASC 840"). ASC 842 establishes a right-of-use model
that requires a lessee to record a right-of-use ("ROU") asset and a lease liability on the balance sheet
for all leases. Under ASC 842, leases are classified as either finance or operating, with classification affecting the pattern
of expense recognition in the income statement. The standard also requires disclosures around the amount, timing and uncertainty
of cash flows arising from leases. The Company is currently evaluating the impact of adoption of this new standard and does not
believe that the adoption of this ASU will have a significant impact on its financial statements.
NOTE
3 - GOING CONCERN
The
accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had
an accumulated deficit of $3,676,041 and $2,876,961 at June 30, 2020 and December 31, 2019, respectively, and had a net loss of
$799,080 and $1,415,471 for six months ended June 30, 2020 and 2019, respectively, and had a net loss of $423,801 and $771,669
for three months ended June 30, 2020 and 2019, respectively.
The
Company's continuation as a going concern is dependent on its ability to obtain additional financing to fund operations,
implement its business model, and ultimately, attain profitable operations. The Company will need to secure additional funds through
various means, including equity and debt financing or any similar financing. There can be no assurance that the Company will be
able to obtain additional equity or debt financing, if and when needed, on terms acceptable to the Company, or at all. Any additional
equity or debt financing may involve substantial dilution to the Company's stockholders, restrictive covenants or high interest
costs. The Company's long-term liquidity also depends upon its ability to generate revenues and achieve profitability.
F-
19
NOTE
4 - ACCRUAL
Accrual
consisted of the following:
June 30,
2020
December 31,
2019
(Unaudited)
Accrued accounting fee
$
2,581
$
3,097
Accrued audit fee
3,000
40,000
$
5,581
$
43,097
NOTE
5 - COMMON STOCK
The
Company entered into certain private placements with different investors.  During six months ended June 30, 2020 and 2019,
the Company issued 429,700 and 267,630 shares of common stock, respectively. As of June 30, 2020 and December 31, 2019, 25,250,703
and 24,821,003 shares respectively, were issued and outstanding.
In
addition, the Company has received $430,288 and $892,645, respectively as of June 30, 2020 and December 31, 2019 from the stock
subscription and the shares of common stock had not been issued.
NOTE
6 - INCOME TAXES
The
Company is incorporated in the State of Nevada in the U.S., and is subject to a gradual U.S. federal corporate income tax of 21%.
 The Company did not generate taxable income for six months ended June 30, 2020 and 2019.
The
Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability
to generate taxable income in future periods. The tax benefit for the periods presented is offset by a valuation allowance established
against deferred tax assets arising from the net operating losses and other temporary differences, the realization of which could
not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when
management considers realization of such amounts to be more likely than not. A valuation allowance will be maintained until sufficient
positive evidence exists to support the reversal of any portion or all of the valuation allowance
.
June 30,
2020
December 31,
2019
(Unaudited)
Deferred tax asset from operating losses carry-forwards
$
167,807
$
490,588
Valuation allowance
(167,807
)
(490,588
)
Deferred tax asset, net
$
-
$
-
F-
20
NOTE
7 - RELATED PARTY TRANSACTIONS AND BALANCES
a.
Related
party
Name
    of related party
Relationship
    with the Company
4DMED
    Limited (Hong Kong Incorporated Company)
Common
    Director, Cheung Yuen May
b.
Related
party balances
The
Company had the following related party balances at June 30, 2020 and December 31, 2019:
June 30,
2020
December 31,
2019
(Unaudited)
Due from a related party:
4DMED Limited
(i)
4,186,184
4,788,796
(i)
As
of June 30, 2020 and December 31, 2019, the above amount due from related party is without interest and due on demand.
NOTE
8 - COMMITMENTS AND CONTINGENCIES
Operating
lease
The
Company did not have any operating lease as of June 30, 2020 and December 31, 2019.
Legal
proceedings
There
has been no legal proceeding in which the Company is a party as of June 30, 2020 and December 31, 2019.
NOTE
9 - SUBSEQUENT EVENT
There
were no events or transactions that would require recognition or disclosure in financial statements for the six months ended June
30, 2020.
F-
21
PART
II
INFORMATION
NOT REQUIRED IN PROSPECTUS
ITEM
13. Other Expenses of Issuance and Distribution
The
following table sets forth the expenses in connection with the issuance and distribution of the securities being registered hereby.
All such expenses will be borne by the registrant.
Name of Expense
Amount
Securities and Exchange Commission registration fee
$
52
Legal, accounting fees and expenses(1)
$
15,000
Edgar filing, printing and engraving fees(1)
$
1,500
Total
$
16,552
(1)
Estimated.
ITEM
14. Indemnification of Directors and Officers
Our
officers and directors are indemnified as provided by the Nevada Statutes and by our Bylaws.
Under
the Nevada Revised Statutes, director immunity from liability to a company or its stockholders for monetary liabilities applies
automatically unless it is specifically limited by a company's Articles of Incorporation. Our Articles of Incorporation
do not specifically limit our directors' immunity. Excepted from that immunity are: (a) a willful failure to deal fairly
with the company or its stockholders in connection with a matter in which the director has a material conflict of interest; (b)
a violation of criminal law, unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable
cause to believe that his or her conduct was unlawful; (c) a transaction from which the director derived an improper personal
profit; and (d) willful misconduct.
Our
Bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided,
however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided,
further, that we shall not be required to indemnify any director or officer in connection with any proceeding, or part thereof,
initiated by such person unless such indemnification: (a) is expressly required to be made by law, (b) the proceeding was authorized
by our Board of Directors, (c) is provided by us, in our sole discretion, pursuant to the powers vested in us under Nevada law
or (d) is required to be made pursuant to the Bylaws.
Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and control persons
pursuant to the foregoing provisions or otherwise, we have been advised that, in the opinion of the Securities and Exchange Commission,
such indemnification is against public policy, and is, therefore, unenforceable.
22
ITEM
15. Recent Sales of Unregistered Securities
We
issued a total of 4,250,703 shares to 189 separate accredited foreign shareholders from July 20, 2017 through August 5, 2020,
pursuant to private placements of our common stock exempt from registration under Regulation S of the Securities Act of 1933,
for total proceeds of approximately $7,508,324.26. We issued an additional 21,000,000 shares to our founding shareholder for
services rendered in connection with the formation and organization of the Company issued pursuant to a private placement of
our common stock exempt from registration under Regulation S of the Securities Act of 1933 for a total value of approximately
$21,000. The following table sets forth the Shareholders, Shares Purchased, Purchase Price and the Date Purchased.
Shareholder Name
Shares Purchased
Purchase Price $
Per shares
Amounts received
Date Purchased
1
Achim Brossmann
2,000
$
2.752
5,504.00
25-Nov-19
2
Albert Alwin
1,000
$
2.781
2,781.36
15-Aug-18
2
Albert Alwin
1,000
$
2.702
2,702.00
23-Nov-18
3
Alexander Haindorff
1,000
$
2.730
2,730.45
22-Jan-20
4
Alois Kniewallner
20,000
$
0.573
11,455.22
4-Dec-17
4
Alois Kniewallner
236,000
$
1.401
330,586.42
8-Aug-18
4
Alois Kniewallner
110,000
$
1.879
206,731.38
12-Feb-19
4
Alois Kniewallner
80,000
$
1.681
134,499.94
13-Mar-19
5
Andreas Loecher
2,000
$
2.778
5,555.73
28-Jun-19
5
Andreas Loecher
2,083
$
2.618
5,454.11
23-Oct-19
6
Andreas Oleksow
2,000
$
2.858
5,715.79
20-Oct-17
6
Andreas Oleksow
3,000
$
2.731
8,193.17
7-Feb-18
7
Andreas Pippig
1,000
$
2.914
2,913.86
26-Jun-18
7
Andreas Pippig
2,000
$
2.625
5,250.34
15-Feb-19
8
Armin Gemmer
10,000
$
2.734
27,340.02
15-Nov-19
8
Armin Gemmer
5,000
$
2.219
11,092.59
22-Jan-20
9
Armin Wagner
10,000
$
2.436
24,362.46
29-Jun-18
10
Bernhard Hoehnke
2,000
$
1.280
2,560.01
16-Aug-17
11
Bernd Dankelmann
2,000
$
2.824
5,647.66
27-Jul-18
11
Bernd Dankelmann
12,000
$
2.411
28,930.44
4-Apr-19
12
Bernd Fricke
1,000
$
2.675
2,674.79
29-Aug-19
12
Bernd Fricke
4,000
$
2.215
8,861.99
22-Jan-20
13
Bernd Klack
2,000
$
2.761
5,521.14
14-Nov-19
14
Bernd Knorr
2,000
$
1.841
3,682.29
2-May-18
14
Bernd Knorr
2,000
$
2.733
5,465.28
19-Feb-19
15
Bernd Weicherding
10,000
$
1.054
10,538.80
29-Dec-17
15
Bernd Weicherding
31,666
$
1.466
46,409.12
24-Apr-18
15
Bernd Weicherding
1,834
$
1.623
2,977.00
21-Dec-18
15
Bernd Weicherding
17,500
$
0.848
14,834.73
25-Apr-19
15
Bernd Weicherding
10,000
$
1.985
19,848.14
11-Dec-19
16
Carsten Bechtel
2,000
$
2.715
5,430.00
6-Dec-18
17
Christian Dubi
7,500
$
0.788
5,908.61
4-Aug-17
18
Christoph Gassman
20,000
$
1.768
24,277.10
27-Jul-18
18
Christoph Gassman
6,500
$
1.768
22,581.00
23-Nov-18
19
Christoph Magnusson
4,000
$
2.915
11,661.30
20-Jul-18
20
Claus Neckel
22,000
$
2.535
55,775.61
5-Feb-19
20
Claus Neckel
205,500
$
1.601
329,077.88
8-Jul-19
20
Claus Neckel
76,000
$
2.308
175,434.75
18-Sep-19
20
Claus Neckel
50,000
$
1.662
83,106.00
21-Aug-19
21
Colin Weiss
4,500
$
1.318
5,930.06
31-Jan-18
21
Colin Weiss
2,500
$
2.392
5,980.00
13-Dec-18
22
Daniel Gisiger
1,000
$
2.715
2,715.01
2-Apr-19
23
Daniel Runden
1,000
$
2.717
2,717.00
21-Dec-18
24
Detlef Lorenz
2,000
$
2.763
5,526.66
2-Oct-19
25
Dieter Borner
3,000
$
0.885
2,655.61
20-Jul-17
25
Dieter Borner
3,000
$
2.135
6,406.17
6-Feb-18
26
Dieter Hankiewicz
7,000
$
0.735
5,146.57
16-Aug-17
26
Dieter Hankiewicz
2,000
$
2.575
5,149.75
2-Mar-18
26
Dieter Hankiewicz
2,000
$
2.071
4,142.00
5-Feb-19
27
Dieter Held
1,000
$
2.733
2,733.00
5-Feb-19
28
Dieter Herkenrath
8,000
$
2.776
22,210.62
9-Dec-19
29
Dr Kurt Grabner
1,000
$
2.845
2,844.90
4-Dec-17
30
Dr Walter Sturm
4,000
$
2.774
11,095.14
12-Dec-17
23
Shareholder Name
Shares Purchased
Purchase Price $
Per shares
Amounts received
Date Purchased
31
Eberhard Behrend
5,000
$
1.333
6,666.00
6-Nov-18
31
Eberhard Behrend
9,546
$
2.398
22,893.00
5-Feb-19
31
Eberhard Behrend
35,454
$
2.308
81,837.30
18-Apr-19
32
Eckbert Kraft
4,000
$
2.576
10,303.76
23-Aug-17
33
Edwin Dornisch
4,000
$
2.788
11,150.84
28-Aug-18
33
Edwin Dornisch
16,000
$
2.084
33,347.19
7-Feb-19
33
Edwin Dornisch
15,000
$
2.252
36,036.47
22-Jul-19
33
Edwin Dornisch
1,000
$
2.252
-
24-Nov-19
34
Edwin Pirzer
1,000
$
2.715
2,714.54
14-Jun-19
34
Edwin Pirzer
14,000
$
2.213
30,975.74
11-Oct-19
34
Edwin Pirzer
35,000
$
2.102
73,564.30
4-Dec-19
35
Edwin Sebenring
4,000
$
2.145
8,581.75
27-Mar-18
36
Ekkehard Ady
4,000
$
2.764
11,054.93
11-Jun-19
36
Ekkehard Ady
10,000
$
2.376
23,758.68
28-Nov-19
37
Ellen Kluthe
5,000
$
2.750
13,750.07
5-Nov-19
37
Ellen Kluthe
2,000
$
2.764
5,528.29
26-Dec-19
38
Erich Sperer
10,000
$
2.290
22,896.33
14-Feb-19
38
Erich Sperer
5,000
$
2.167
10,836.28
8-Apr-19
39
Erwin Vaih
2,500
$
2.687
6,716.44
25-Sep-19
40
Eugen Preuss
2,000
$
2.960
5,919.41
13-Nov-17
41
Falko Hammermuller
2,000
$
2.566
5,131.18
1-Aug-17
41
Falko Hammermuller
3,000
$
2.756
8,267.92
26-Mar-19
42
Frank Kramer
1,000
$
2.740
2,739.69
21-Nov-19
43
Frank Sauer
2,000
$
2.552
5,103.94
29-Jun-18
44
Frank Schumann
5,000
$
2.757
13,786.80
28-Oct-19
45
Frank Zimmermann
1,000
$
2.773
2,773.43
6-Feb-19
46
Franz Burger
2,000
$
2.715
5,430.00
2-Jan-19
47
Franz Georg Baaden
2,000
$
2.858
5,715.73
18-Dec-17
47
Franz Georg Baaden
2,000
$
2.965
5,929.64
31-Jan-18
48
Franz Leitner
1,500
$
2.757
4,134.88
24-Oct-19
49
Friedhelm Finke
2,000
$
2.881
5,761.78
21-Sep-17
49
Friedhelm Finke
5,000
$
2.841
14,206.58
18-Oct-17
49
Friedhelm Finke
50,000
$
0.553
27,633.98
16-Mar-18
49
Friedhelm Finke
45,000
$
2.705
121,715.11
13-Dec-18
49
Friedhelm Finke
11,000
$
1.472
16,187.00
5-Feb-19
49
Friedhelm Finke
5,400
$
2.130
11,500.00
18-Apr-19
50
Friedhelm Noerr
4,000
$
1.344
5,374.82
19-Dec-17
51
Friedrich Hochleitner
6,000
$
2.778
16,668.13
31-Jan-19
52
Georg Sterz
4,000
$
2.854
11,417.91
16-Dec-17
53
George Hammerschmid
5,000
$
2.057
10,283.02
19-Dec-17
54
Gerd-Ruediger Schroeder
1,200
$
2.722
3,266.00
6-Nov-18
55
Gerhard Siekmann
1,000
$
2.685
2,685.14
18-Sep-19
56
Gerhard Wagner
4,000
$
1.429
5,715.63
30-Oct-17
56
Gerhard Wagner
3,800
$
2.729
10,369.50
2-Feb-18
56
Gerhard Wagner
5,000
$
2.570
12,851.81
5-Feb-19
57
Greim Bernd
1,000
$
2.750
2,750.28
17-Apr-19
58
Gunter Dally
1,000
$
2.773
2,773.43
6-Feb-19
59
Hanno Schnabel
1,000
$
2.845
2,844.93
21-Dec-17
24
Shareholder Name
Shares Purchased
Purchase Price $
Per shares
Amounts received
Date Purchased
60
Hans Erlacher
2,000
$
2.858
5,715.80
24-Nov-17
60
Hans Erlacher
8,000
$
1.248
9,980.16
13-Apr-18
61
Hans Floeter
1,000
$
2.755
2,754.79
9-Oct-18
62
Hans Hugo Schneider
1,000
$
2.757
2,756.70
4-Oct-19
63
Hans Juergen Heyer
1,000
$
2.950
2,949.72
23-Apr-18
64
Hans Lutz
1,500
$
2.726
4,089.73
8-Aug-19
65
Hans Wilhelm Fricke
2,000
$
2.762
5,523.45
2-Jul-19
65
Hans Wilhelm Fricke
5,000
$
2.212
11,057.75
3-Oct-19
66
Harald Maier
8,000
$
2.721
21,771.08
18-Sep-19
67
Hartmut and Roswitha
10,000
$
2.331
23,309.87
17-Dec-19
68
Hauf Ernst
4,000
$
2.708
10,830.00
13-Nov-18
68
Hauf Ernst
6,000
$
2.770
16,622.84
14-Feb-19
69
Heini Herbstler
2,000
$
2.716
5,431.68
30-Apr-19
69
Heini Herbstler
2,000
$
2.750
5,499.02
9-Oct-19
70
Heinich Conen
1,000
$
2.713
2,712.53
2-May-19
70
Heinich Conen
1,000
$
2.757
2,756.70
15-Oct-19
71
Heinz Berger
1,000
$
2.951
2,951.31
17-Mar-18
72
Helga Albert
4,000
$
2.721
10,885.01
17-Sep-19
72
Helga Albert
3,000
$
2.433
7,298.28
15-Nov-19
73
Helmut Backes
3,000
$
1.817
5,452.00
29-Nov-18
73
Helmut Backes
2,000
$
2.624
7,871.42
5-Feb-19
74
Helmut Gebert
4,125
$
2.058
8,489.02
15-Aug-18
74
Helmut Gebert
2,084
$
2.623
5,466.00
5-Feb-19
75
Helmut Lachmann
13,000
$
2.547
33,109.00
26-Oct-18
76
Helmut Lantzberg
9,200
$
0.621
5,715.88
29-Dec-17
76
Helmut Lantzberg
20,800
$
1.277
26,554.81
14-May-18
76
Helmut Lantzberg
3,000
$
3.044
9,132.00
13-Dec-18
77
Helmut Lubinski
2,000
$
2.734
5,468.00
21-Dec-18
78
Helmut Pascher
5,000
$
2.736
13,679.52
24-Apr-19
78
Helmut Pascher
5,000
$
2.278
11,388.28
23-Aug-19
79
Helmut Roschlak
16,000
$
2.496
39,936.00
5-Feb-19
79
Helmut Roschlak
9,000
$
1.391
12,519.50
28-Jun-19
80
Herbert Roseneder
30,000
$
0.778
23,330.11
15-Sep-17
80
Herbert Roseneder
20,000
$
1.880
37,590.77
17-Mar-18
81
Hermann Geller
1,000
$
2.702
2,702.00
23-Nov-18
82
Hermann Kreis
1,000
$
2.705
2,704.58
3-May-19
83
Holly Rudiger
8,000
$
2.720
21,761.00
13-Dec-18
83
Holly Rudiger
22,000
$
2.364
51,998.35
29-May-19
84
Horst Bolten
10,000
$
2.380
4,034.71
6-Apr-18
84
Horst Bolten
10,000
$
2.380
19,426.00
6-Nov-18
84
Horst Bolten
435
$
2.380
25,169.01
25-Feb-19
85
Horst Donhauser
1,000
$
2.730
2,729.85
5-Dec-19
86
Ingo Schimke
2,000
$
2.737
5,474.56
3-Jul-19
87
Irmer Rudiger
1,000
$
2.709
2,709.00
13-Dec-18
88
Ismail Karaca
1,000
$
2.725
2,724.55
9-Jul-19
89
Joachim Frey
2,000
$
2.735
5,469.99
4-Jul-19
90
Joachim Mueller
1,000
$
2.723
2,722.51
28-May-19
91
Joachim Putz
1,000
$
2.726
2,726.00
19-Nov-19
25
Shareholder Name
Shares Purchased
Purchase Price $
Per shares
Amounts received
Date Purchased
92
Johannes Bayer
2,000
$
2.360
4,720.98
11-Aug-17
92
Johannes Bayer
3,000
$
2.850
8,550.57
27-Mar-19
93
Johann Obehammer
2,000
$
2.724
5,447.40
15-Mar-18
94
Josef Reinkober
1,000
$
2.645
2,644.67
16-Nov-18
94
Josef Reinkober
4,000
$
2.850
11,400.00
1-Feb-19
94
Josef Reinkober
25,000
$
2.261
56,519.51
19-Jun-19
95
Jozef Balogh
30,000
$
0.923
27,675.33
28-Jul-17
95
Jozef Balogh
50,000
$
1.146
57,308.89
9-Nov-17
95
Jozef Balogh
240,000
$
1.191
285,775.81
10-Apr-18
96
Juergen Bergheim
1,000
$
2.769
2,769.33
29-Jan-20
97
Juergen Ellinger
19,000
$
2.319
44,057.40
30-Sep-19
97
Juergen Ellinger
35,000
$
2.206
77,224.26
12-Nov-19
98
Juergen Knoblauch
75,000
$
1.004
75,281.28
13-Jul-18
98
Juergen Knoblauch
32,500
$
2.667
86,688.74
13-Dec-18
98
Juergen Knoblauch
22,700
$
1.918
43,539.48
26-Apr-19
99
Juergen Koegel
4,000
$
2.773
11,090.19
6-Dec-17
99
Juergen Koegel
4,445
$
2.378
10,572.00
21-Dec-18
100
Juergen Rist
1,000
$
2.757
2,756.86
26-Nov-19
101
Juergen Schlate-Ditgens
1,000
$
2.718
2,718.00
6-Nov-18
102
Juergen Volkmar
2,000
$
2.761
5,521.14
14-Oct-19
103
Jurgen Pawliczek
1,000
$
2.845
2,844.89
24-Nov-17
103
Jurgen Pawliczek
3,000
$
2.969
8,907.97
7-Feb-18
104
Karl Bader
1,000
$
2.878
2,877.62
18-Jul-18
105
Karl Dreschler
1,000
$
2.742
2,742.14
16-Apr-19
106
Karl Heinz Hesse
1,000
$
2.764
2,764.44
8-Oct-19
107
Karl Heinz Steeg
2,000
$
2.543
5,086.40
6-Jul-18
107
Karl Heinz Steeg
2,200
$
2.777
6,109.67
28-Feb-19
108
Karl Hettwer
1,000
$
2.734
2,734.10
26-Jun-19
109
Karl Hutter
5,000
$
2.724
13,620.00
29-Nov-18
109
Karl Hutter
5,000
$
2.785
13,923.08
20-Mar-19
109
Karl Hutter
10,000
$
2.301
23,013.09
28-Aug-19
109
Karl Hutter
20,000
$
1.802
36,031.31
5-Feb-20
110
Klaus Kuehnelt
4,000
$
2.763
11,050.01
16-Oct-19
110
Klaus Kuehnelt
4,000
$
2.774
11,097.70
3-Dec-19
111
Klausdieter Schwabe
2,000
$
2.837
5,674.36
6-Dec-17
112
Knud Jansen
4,000
$
2.758
11,032.32
11-Oct-19
112
Knud Jansen
8,000
$
2.761
22,090.63
15-Nov-19
113
Kurt Schaefer
1,000
$
2.696
2,695.88
28-Oct-19
114
Lidia Schaar
4,000
$
2.572
20,579.45
23-Aug-17
115
Ludwig Grote
1,000
$
2.764
2,764.44
3-Oct-19
115
Ludwig Grote
5,000
$
2.206
11,028.06
12-Nov-19
116
Lushan Venture Consult Gmbh
4,000
$
2.753
11,013.52
30-Sep-19
117
Maik Lasar
1,000
$
2.764
2,764.44
6-Nov-19
118
Manfred Ammon
4,000
$
2.730
10,918.58
4-Feb-20
119
Manfred Baumann
8,000
$
3.070
24,563.54
21-Feb-18
119
Manfred Baumann
32,000
$
2.751
88,020.01
24-May-19
119
Manfred Baumann
40,000
$
1.944
77,757.48
25-Sep-19
120
Manfred Brauning
1,000
$
2.819
2,819.28
7-Feb-19
26
Shareholder Name
Shares Purchased
Purchase Price $
Per shares
Amounts received
Date Purchased
121
Manfred Brunner
10,000
$
2.221
22,213.76
28-Nov-19
121
Manfred Brunner
2,000
$
2.763
5,526.94
23-Jan-20
122
Manfred Engel
1,000
$
2.940
2,939.59
6-Dec-17
123
Manfred Glaschke
4,000
$
2.363
9,452.10
22-May-19
124
Manfred Klose
2,000
$
2.771
5,541.49
26-Aug-19
125
Manfred Meiborn
1,000
$
2.751
2,751.31
14-Mar-19
126
Manfred Sadeler
1,000
$
2.675
2,675.31
12-Sep-19
127
Marcel Beerli
18,000
$
2.718
48,931.14
4-Jan-19
128
Maria Semmelrock-Picej
10,000
$
2.573
25,726.31
29-Aug-17
129
Mario Kubler
5,000
$
2.816
14,079.00
29-Mar-19
130
Martin Sonderegger
2,000
$
2.753
5,506.41
19-Feb-19
131
Matthias Baumgart
2,000
$
2.793
5,586.50
9-Aug-19
132
Matthias Wehl
1,000
$
2.646
2,645.91
1-Oct-19
133
Michael Baranowski
1,000
$
2.820
2,820.00
22-Jul-19
134
Michael Boehm
2,000
$
2.969
5,938.23
27-Mar-18
134
Michael Boehm
4,000
$
2.733
10,930.00
5-Feb-19
135
Michael Essenwanger
1,000
$
2.705
2,705.04
26-Aug-19
136
Michael Kraft
12,000
$
2.404
28,850.48
8-Feb-19
136
Michael Kraft
61,600
$
1.129
69,577.17
18-Jun-19
136
Michael Kraft
47,000
$
2.208
103,783.50
25-Sep-19
137
Mike Brugger
1,000
$
2.776
2,776.33
27-Dec-19
138
Norbert Hellenkamp
2,000
$
2.746
5,491.81
13-May-19
139
Norbert Schindler
1,000
$
2.951
2,951.31
16-Mar-18
140
Oliver Debus
1,000
$
2.951
2,951.44
20-Dec-17
141
Paulssen Uta
1,000
$
2.711
2,710.50
25-Apr-19
142
Peter Bodenstein
1,000
$
3.026
3,025.55
8-Feb-18
143
Peter Jansen
4,000
$
2.750
11,000.42
28-Nov-19
144
Peter Juergensen
3,000
$
0.927
2,781.36
8-Aug-18
144
Peter Juergensen
5,000
$
2.405
12,026.00
5-Feb-19
145
Peter Voecklinghaus
4,000
$
2.958
11,832.00
8-Feb-18
146
Rainer Gaenssle
6,000
$
2.745
16,468.31
22-Oct-19
147
Rainer Lachmann
8,334
$
2.126
17,718.63
21-Sep-17
147
Rainer Lachmann
95,916
$
0.722
69,254.88
21-Sep-17
147
Rainer Lachmann
7,900
$
2.107
16,641.80
15-Mar-19
147
Rainer Lachmann
14,850
$
2.201
32,692.13
24-Dec-18
147
Rainer Lachmann
10,000
$
2.219
22,190.56
29-Jan-20
148
Reinhold Eisenbraun
2,000
$
2.727
5,454.00
6-Nov-18
148
Reinhold Eisenbraun
8,000
$
2.790
22,321.42
11-Feb-19
148
Reinhold Eisenbraun
13,000
$
2.545
33,088.00
20-Jun-19
148
Reinhold Eisenbraun
7,000
$
2.284
15,988.15
30-Jul-19
149
Reinhold Janach
40,442
$
1.621
65,538.60
13-Apr-18
149
Reinhold Janach
60,000
$
0.704
42,228.63
6-Dec-18
149
Reinhold Janach
48,000
$
2.403
115,329.83
21-Feb-19
149
Reinhold Janach
50,000
$
1.955
97,747.40
2-May-19
150
Rene Faak
1,000
$
2.781
2,781.36
8-Aug-18
151
Richard Selbach
5,000
$
2.270
11,352.33
18-Sep-19
152
Rita Hussong
8,000
$
1.535
12,281.77
15-Jan-18
153
Robert Bauer
4,000
$
2.771
11,085.43
11-Feb-19
153
Robert Bauer
14,100
$
2.461
34,700.86
2-Jul-19
153
Robert Bauer
4,800
$
2.282
10,955.36
21-Jul-19
27
Shareholder Name
Shares Purchased
Purchase Price $
Per shares
Amounts received
Date Purchased
154
Rolf Hinderer
2,000
$
2.750
5,499.02
6-Nov-19
155
Rolf Mauti
4,000
$
2.827
11,307.01
7-Feb-18
155
Rolf Mauti
4,000
$
2.656
10,624.77
21-Oct-19
156
Rolf Schraft
12,000
$
1.259
15,106.42
29-Nov-17
156
Rolf Schraft
4,000
$
2.673
10,693.74
7-Feb-18
156
Rolf Schraft
6,000
$
1.890
11,340.00
13-Dec-18
156
Rolf Scharft
8,000
$
1.887
15,095.18
3-May-19
157
Rudiger Karsten
2,000
$
2.733
5,466.10
13-Jun-19
158
Ruscio Marcello
3,000
$
2.764
8,293.43
26-Jun-19
158
Ruscio Marcello
2,000
$
2.577
5,154.82
22-Aug-19
159
Sandra Flick
1,000
$
2.702
2,701.71
26-Jul-19
160
Scheel Dirk
1,000
$
2.872
2,871.95
21-Sep-17
161
Siegfried Heger
2,000
$
2.510
5,020.30
8-Aug-18
161
Siegfried Heger
98,000
$
1.336
130,909.00
21-Dec-18
161
Siegfried Heger
50,000
$
1.700
84,982.09
2-Jan-19
162
Siegfried Hoelle
4,200
$
2.673
11,228.49
18-Apr-18
162
Siegfried Hoelle
22,000
$
2.707
59,560.55
20-Jun-19
163
Siegfried Morath
1,000
$
2.718
2,718.00
6-Nov-18
163
Siegfried Morath
19,500
$
2.529
49,324.31
11-Mar-19
163
Siegfried Morath
12,000
$
2.173
26,070.12
12-Sep-19
163
Siegfried Morath
13,500
$
2.453
33,117.81
4-Feb-20
164
Siegfried Schmiedener
1,000
$
2.752
2,752.06
2-Dec-19
165
Sieghard Woehr
1,000
$
2.703
2,702.56
21-Aug-19
166
Steffen Mueller
4,000
$
2.783
11,130.17
25-Jun-19
167
Teichmann Jens
1,000
$
2.872
2,871.95
21-Sep-17
168
Thomas Frey
6,000
$
2.778
16,670.11
15-Jul-19
169
Thomas Pfadenhauer
8,167
$
2.672
21,825.73
23-Aug-19
170
Toresten Grossmann
1,000
$
2.755
2,755.10
9-Oct-18
171
Ulrich Mang
1,200
$
2.744
3,292.46
15-Nov-19
172
Ulrich Zwissler
8,000
$
2.774
22,191.56
25-Oct-17
172
Ulrich Zwissler
242,000
$
1.014
245,436.83
4-Jul-18
172
Ulrich Zwissler
250,000
$
1.753
438,275.04
30-Apr-19
172
Ulrich Zwissler
125,000
$
1.883
235,396.88
23-Jul-19
173
Walter Hillebrand
4,000
$
2.692
10,768.48
24-Sep-19
173
Walter Hillebrand
16,000
$
2.653
42,454.19
25-Nov-19
174
Waltraud Scheld-Fehren
1,000
$
2.845
2,844.74
10-Nov-17
175
Werner Jantke
1,000
$
2.845
2,844.82
25-Oct-17
176
Werner Preugschat
1,000
$
2.555
2,555.24
14-Aug-17
177
Wilfried Buesch
4,000
$
2.718
10,872.35
25-Jul-19
178
Wilfried Lahmann
108,000
$
2.225
240,342.77
31-Oct-19
178
Wilfried Lahmann
140,000
$
1.125
157,501.04
20-Feb-20
179
Willi Seelig
2,000
$
2.639
5,277.36
30-Aug-19
180
Willy Mattes
2,000
$
2.360
4,720.98
11-Aug-17
181
Wolf Dieter Windgassen
1,000
$
2.845
2,844.93
12-Dec-17
182
Wolfgang Freitag
2,222
$
2.542
5,647.66
19-Jul-18
183
Wolfgang Hoffman
20,000
$
1.168
23,361.88
9-Aug-17
183
Wolfgang Hoffman
9,000
$
1.431
12,878.66
26-Mar-18
184
Wolfgang Luebbe
1,000
$
2.740
2,740.11
18-Oct-19
185
Wolfgang Melber
1,000
$
2.951
2,951.31
7-Mar-18
186
Wolfgang Unterholler
4,000
$
2.884
11,535.48
21-Sep-17
186
Wolfgang Unterholler
2,000
$
2.753
5,506.06
10-Dec-19
187
Wolfgang von Plessen
1,000
$
2.735
2,735.00
18-Oct-18
188
Wolfgang-Hans Tischler
2,000
$
2.730
9,460.36
19-Jul-18
188
Wolfgang-Hans Tischler
2,000
$
2.733
5,466.00
5-Feb-19
188
Wolfgang-Hans Tischler
6,000
$
2.714
16,282.48
10-Dec-19
189
Yuen May Cheung
1,000,000
$
0.001
1,000.00
10-Dec-19
189
Yuen May Cheung
19,000,000
$
0.001
19,000.00
10-Dec-19
189
Yuen May Cheung
1,000,000
$
0.001
1,000.00
5-Jan-17
25,250,703
7,529,324.26
28
ITEM
16. Exhibits and Financial Statement Schedules
(a)
Exhibits:
The
following exhibits are filed as part of this registration statement:
Exhibit
    No.
Description
Ex. 3.1
Certificate of Incorporation
Ex. 3.2
Bylaws
Ex. 5.1
Legal Opinion and Consent of Lane & Associates, P.A.
Ex. 23.1
Opinion of Centurion ZD CPA & Co.
Undertakings
The
undersigned Registrant hereby undertakes:
To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(a)
To
include any prospectus required by Section 10(a) (3) of the Securities Act of 1933;
(b)
To
reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent
post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth
in this registration statement; and
(c)
To
include any material information with respect to the plan of distribution not previously disclosed in this registration statement
or any material change to such information in the registration statement.
That,
for the purpose of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered herein, and the Offering of such securities at that time shall be deemed
to be the initial bona fide Offering thereof.
To
remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold
at the termination of the Offering.
Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions described above, or otherwise, the Registrant has been advised
that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable.
In
the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opini
on of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
Each
prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration
statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included
in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in
a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to
a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration
statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date
of first use.
29
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant has duly caused this Registration Statement on Form S-1 to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City of Sparks on August 5, 2020.
4DMED,
    LTD.
By:
/s/ Yuen May Cheung
Name:
    Yuen May Cheung
Title:
    Chief Executive Officer, President and Director
(Principal
    executive officer)
By:
/s/Yuen May Cheung
Name:
    Yuen May Cheung
Title:
    Chief Financial Officer
(Principal
    financial officer)
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the
capacities and on the dates indicated.
/s/
Yuen May Cheung
August
    5, 2020
Name:
    Yuen May Cheung
Chief
    Executive Officer, President and Director
(Principal
    executive officer)
/s/
    Yuen May Cheung
August
    5, 2020
Name:
    Yuen May Cheung
Chief
    Financial Officer
(Principal
    accounting officer)
/s/
    Hau Tin Cheung
August
    5, 2020
Name:
    Hau Tin Cheung
Director
30