Item 1. Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
From time to time, we and our subsidiaries may be
parties to legal proceedings arising in the normal course of our business. We and our subsidiaries are currently not a party, nor is our
property subject, to any material pending legal proceedings. Regardless of outcome, such proceedings
or claims can have an adverse impact on us because of defense and settlement costs, diversion of resources and other factors and there
can be no assurances that favorable outcomes will be obtained.
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