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CUSIP NO. 68244P107
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13D/A
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Page
9
of 12 Pages
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(f) Mr. Hale is a United States citizen.
ITEM 3.
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SOURCE AND AMOUNT OF FUNDS
OR OTHER CONSIDERATION.
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All purchases of the Common Stock held directly
by the Hale Funds have been made by or on behalf of the Hale Funds using the investment capital of the Hale Funds. The aggregate purchase price of the Common Stock held directly by the Hale Funds was approximately $2,960,390.68 (excluding brokerage
commissions and transaction costs).
The 406,648 shares of Common Stock held in the Managed Account were purchased using the funds of the
investor in the Managed Account for which Hale Advisor serves as investment manager. The aggregate purchase price of the Common Stock held in the Managed Account was approximately $2,019,738.63 (excluding brokerage commissions and transaction
costs).
ITEM 4.
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PURPOSE OF THE TRANSACTION.
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The information set forth in Items 3 and 6 of this Statement is hereby incorporated by reference into this Item 4.
The Reporting Persons acquired the securities reported herein for investment purposes and intend to review their investments in the
Company on a continuing basis. Depending on various factors, including but not limited to the Companys financial position and strategic direction, price levels of the Common Stock, conditions in the securities markets, various laws and
regulations applicable to the Company and companies in its industry and the Reporting Persons ownership in the Company, and general economic and industry conditions, the Reporting Persons may in the future take actions with respect to their
investment in the Company as they deem appropriate, including changing their current intentions, with respect to any or all matters required to be disclosed in this Statement. Without limiting the foregoing, the Reporting Persons may, from time to
time, acquire or cause affiliates to acquire additional shares of Common Stock or other securities of the Company (including any combination or derivative thereof), dispose, or cause affiliates to dispose, of some or all of their Common Stock or
other securities of the Company or continue to hold, or cause affiliates to hold, Common Stock or other securities of the Company.
Except
as set forth herein, or as would occur upon completion of any of the matters discussed herein, the Reporting Persons have no present plans, proposals or intentions which would result in or relate to any of the transactions described in subparagraphs
(a) through (j) of Item 4 of 17 CFR § 240.13d-101. Although the foregoing reflects activities presently contemplated by the Reporting Persons and each other individuals named in Item 2 with respect
to the Issuer, the foregoing is subject to change at any time.
ITEM 5.
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INTEREST IN SECURITIES OF THE
ISSUER.
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(a)-(b) The Reporting Persons beneficially own in the aggregate 991,825 shares of Common
Stock, which represents approximately 16.5% of the outstanding shares of Common Stock. Each percentage ownership of shares of Common Stock set forth in this Statement is based on 6,019,816 shares of Common Stock reported by the Company as
outstanding as of November 11, 2019 in its Quarterly Report on Form 10-Q filed with the SEC on November 14, 2019.
Each of the Hale Funds directly holds the number and percentage of shares of Common Stock disclosed as beneficially owned by it in the
applicable table set forth on the cover page to this Statement. Hale Advisor, as the investment manager for each of the Hale Funds, Hale GP, as the general partner for