Item 1. Legal Proceedings
Item 1. Legal Proceedings
There are no pending legal proceedings
to which the Company, or any of its subsidiaries, is a party or of which any of their property is subject, nor are there any material
proceedings to which any director, officer or affiliate of the Company, any owner of record or beneficially of more than
five percent of any class of voting securities of the Company, or any associate of any such director, officer, affiliate of
the Company, or security holder is a party adverse to the Company or any of its subsidiaries or has a material interest
adverse to the Company or any of its subsidiaries.
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