No securities are beneficially owned.
No securities are beneficially owned. Mr. Spaight, an Operating Partner at Arsenal Capital Partners ("Arsenal"), is a member of the board of directors of the Issuer. Certain investment funds of Arsenal and its affiliates beneficially own securities of the Issuer. Mr. Spaight disclaims beneficial ownership of any securities of the Issuer that may be deemed to be beneficially owned by affiliates of Arsenal.