Q:

What happens if more than 300,000 shares are properly tendered in the offer? (Section 1)

We may not purchase all of the shares that you tender in our offer. If more than 300,000 shares are tendered, we will purchase shares first from shares properly tendered by any shareholder who owns fewer than 100 shares and who tenders all such shares and then from all shareholders who properly tender shares, on a pro rata basis. We will announce this proration percentage, if proration is necessary, after our offer expires. We also reserve the right to purchase additional shares, subject to applicable legal requirements.