 Superconductor Technologies Inc. STI SCON and a wholly-owned subsidiary of Allied Integral United, Inc. entered into a Securities Purchase Agreement on June 30, 2020, which was consummated on July 6, 2020, pursuant to which STI issued four million 4,000,000 shares of STI Common Stock without any warrants in exchange for a preferred equity interest in real estate described below that STI values at 1.6 million, implying a purchase price of 0.40 per share. As previously disclosed, on February 26, 2020, STI, AIU Special Merger Company, Inc., a Delaware corporation and wholly-owned subsidiary of STI Merger Sub, and Allied Integral United, Inc., a Delaware corporation referred to as Clearday, entered into an Agreement and Plan of Merger as amended on May 12, 2020, pursuant to which, among other matters, and subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, Merger Sub will merge with and into Clearday, with Clearday continuing as a wholly-owned subsidiary of STI, and STI would amend its certificate of incorporation to effect a reverse stock split of its shares of common stock, par value 0.001 per share and change its name to Clearday, Inc. 