<SUBMISSION>
<ACCESSION-NUMBER>0001144204-05-012926
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20050421
<ITEMS>2.02
<ITEMS>4.02
<ITEMS>9.01
<FILING-DATE>20050427
<DATE-OF-FILING-DATE-CHANGE>20050427
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AIRSPAN NETWORKS INC
<CIK>0001105542
<ASSIGNED-SIC>3663
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>WA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-31031
<FILM-NUMBER>05776134
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>CAMBRIDGE HOUSE OXFORD ROAD
<STREET2>UXBRIDGE MIDDLESEX UB81UN
<CITY>UNITED KINGDOM
<STATE>X0
<ZIP>00000
<PHONE>0114418954
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>CAMBRIDGE HOUSE OXFORD ROAD
<STREET2>UXBRIDGE MIDDLESEX UB81UN
<CITY>UNITED KINGDOM
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v017046.htm
<TEXT>
<HTML><HEAD>
<TITLE>
Unassociated Document
</TITLE>
<!-- Licensed to: vintage-->
<!-- Document Created using EDGARIZER HTML -->
<!-- Copyright 2004 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</HEAD><BODY id=38 bgColor=#ffffff><BR>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
STATES</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C. 20549</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
8-K</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
Report pursuant</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
Section 13 or 15(d) of the</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities
Exchange Act of 1934</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
report (Date of earliest event reported): April 21, 2005</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AIRSPAN
NETWORKS, INC.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
name of registrant as specified in its charter)</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State or
other jurisdiction of incorporation)</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#ffffff>
  <TR bgColor=#ffffff>
    <TD width="42%">
      <DIV style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"
      align=center><FONT size=2>000-31031 </FONT></DIV></TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="42%">
      <DIV style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"
      align=center>&nbsp;<FONT size=2>75-2743995 </FONT></DIV></TD></TR>
  <TR bgColor=#ffffff>
    <TD width="42%">
      <DIV style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"
      align=center>&nbsp;<FONT size=2>(Commission file number)</FONT></DIV></TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="42%">
      <DIV style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"
      align=center>&nbsp;<FONT size=2>&nbsp;(I.R.S. Employer Identification
      No.)</FONT></DIV></TD></TR></TABLE></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT size=2></FONT><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">777
Yamato Road, Suite 105, Boca Raton, Florida 33431</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
of principal executive offices) (Zip code)</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(561)
893-8670</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant&#8217;s
telephone number, including area code)</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR>&nbsp;<FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><FONT
face=Wingdings>r</FONT>Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><FONT
face=Wingdings>r</FONT> Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><FONT
face=Wingdings>r</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><FONT
face=Wingdings>r</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT><BR></DIV><BR>
<DIV id=PGBRK style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=FTR>
<DIV id=GLFTR style="WIDTH: 100%" align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV>
<DIV id=PN style="PAGE-BREAK-AFTER: always">
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt" face="Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center">
<HR color=#000000 noShade SIZE=2>
</DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV></DIV><BR>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Item
2.02.</STRONG></FONT><FONT id=TAB2
style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Results
of Operations and Financial Condition</STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On April
27, 2005, Airspan Networks, Inc. (the &#8220;Company&#8221;) issued a press release
announcing that:</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">* the
consolidated balance sheets and the consolidated statements of operations at and
for the year ended December 31, 2004 reported in the Company&#8217;s Form 10-K for the
fiscal year ended December 31, 2004 (the &#8220;Form 10-K&#8221;) and at and for the quarter
ended October 3, 2004 reported in the Company&#8217;s Form 10-Q for the fiscal quarter
ended October 3, 2004 (the &#8220;Form 10-Q&#8221;) had been restated; and</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">* the
Company had filed such restatements with the Securities and Exchange Commission
pursuant to an amendment (the &#8220;Form 10-K/A&#8221;) to the Form 10-K and an amendment
(the &#8220;Form 10-Q/A&#8221;) to the Form 10-Q . </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Form
10-K/A and the restated financial statements included therein reflect a
correction of the Company&#8217;s accounting treatment of its September 13,
2004&nbsp;issuance of 73,000 shares of Series A Preferred Stock and a
restatement of the Company&#8217;s full year 2004 earnings per share. The Form 10-K/A
reflects a $10.4 million, non-cash, deemed dividend from an embedded conversion
feature relating to the Series A Preferred Stock and the effect of participating
convertible securities on the computation of basic earnings per share in 2004.
</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Form
10-Q/A and the restated financial statements included therein reflect the
correction of the Company&#8217;s accounting treatment of the Series A Preferred
Stock.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Please
see the Form 10-K/A and the Form 10-Q/A for more detailed information regarding
the restatements.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Item
4.02(a).</STRONG></FONT><FONT id=TAB2
style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Non-Reliance
on Previously Issued Financial Statements or a Related
Audit&nbsp;</STRONG></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Report
or Completed Interim Review </STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On April
21, 2005, management and the Audit Committee of the Board of Directors of
Airspan Networks, Inc. (the &#8220;Company&#8221;) concluded that the consolidated balance
sheets and the consolidated statements of operation reported in the Company&#8217;s
Form 10-K as of and for the year ended December 31, 2004 and the Form 10-Q as of
and for the quarter ended October 3, 2004 should be restated. The Company had
previously concluded that the Company&#8217;s Series A Preferred Shares were issued at
fair value and, accordingly, did not believe they should be accounted for as
having a beneficial conversion feature. Based upon further analysis of EITF 98-5
and EITF 00-27, the Company has corrected its method of accounting for the
Series A Preferred Stock. Management and the Audit Committee discussed these
issues with the Company&#8217;s independent registered public accounting firm, Ernst
&amp; Young, LLP, which concurred with the Company&#8217;s decision to restate its
financial statements. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In light
of the foregoing, the financial statements included in the Company&#8217;s previously
filed Form 10-K and Form 10-Q should no longer be relied upon. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A copy of
the Company&#8217;s press release issued April 27, 2005 is furnished as Exhibit 99 to
this Form 8-K and is incorporated by reference into this Item
4.02.</FONT><BR></DIV><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG></STRONG></FONT>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG></STRONG></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Item
9.01 </STRONG></FONT><FONT id=TAB2
style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>Financial
Statements and Exhibits</STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
</FONT><FONT id=TAB2
style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</FONT><FONT
id=TAB2 style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
Release dated April 27, 2005</FONT></DIV><BR>
<DIV id=PGBRK style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=FTR>
<DIV id=GLFTR style="WIDTH: 100%" align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV>
<DIV id=PN style="PAGE-BREAK-AFTER: always">
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt" face="Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center">
<HR color=#000000 noShade SIZE=2>
</DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV></DIV><BR>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated:
April 27, 2005</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#ffffff>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="50%" colSpan=2><FONT size=2>AIRSPAN NETWORKS,
    INC</FONT>&nbsp;</TD></TR>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD></TR>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="50%" colSpan=2><FONT size=2>By: <FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><U>/s/
      Peter Aronstam__________</U></FONT></FONT>&nbsp;</TD></TR>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%"><FONT size=2>Peter Aronstam</FONT>&nbsp;</TD>
    <TD width="25%">&nbsp;</TD></TR>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="50%" colSpan=2><FONT size=2>Senior Vice President
      and</FONT>&nbsp;<FONT size=2>Chief Financial Officer</FONT></TD></TR>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD></TR>
  <TR bgColor=#ffffff>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD></TR></TABLE></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT size=2></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT size=2></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT size=2></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR></DIV><BR>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt" face="Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center">
<HR color=#000000 noShade SIZE=2>
</DIV>
<DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV>
<DIV></DIV><BR>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=right>&nbsp;</DIV></BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v017046_ex99-1.htm
<TEXT>
<HTML><HEAD>
<TITLE>
Unassociated Document
</TITLE>
<!-- Licensed to: vintage-->
<!-- Document Created using EDGARIZER HTML -->
<!-- Copyright 2004 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</HEAD><BODY id=38 bgColor=#ffffff>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>EXHIBIT
99.1</STRONG></FONT><BR></DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#ffffff>
  <TR bgColor=#ffffff>
    <TD width="100%" colSpan=4>
      <DIV style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"
      align=center><IMG src="logo.jpg">&nbsp;&nbsp;</DIV></TD></TR></TABLE></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG></STRONG></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>AIRSPAN
RESTATES CERTAIN 2004 FINANCIAL STATEMENTS TO ACCOUNT FOR NON-CASH ITEM IN
SEPTEMBER 2004 PREFERRED SHARE ISSUANCE</STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>BOCA
RATON, FLA. - April 27, 2005. &nbsp;</STRONG></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
Networks, Inc. (Nasdaq: AIRN), a leading worldwide provider of broadband
wireless access networks, including WiMAX-standard systems, today announced that
it has restated its consolidated balance sheets and consolidated statements of
operations at and for the year ended December 31, 2004 reported in the Company&#8217;s
Form 10-K for the fiscal year ended December 31, 2004 (the &#8220;Form 10-K&#8221;) and for
the quarter ended October 3, 2004 reported in the Company&#8217;s Form 10-Q for the
fiscal quarter ended October 3, 2004 (the &#8220;Form 10-Q&#8221;).</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
restatements were required to correct the fact that the Company&#8217;s filings last
year did not reflect a conversion feature in the Series A Preferred Stock issued
in September 2004, which should have been accounted for as a non-cash benefit to
certain shareholders in the calculations of earnings available to shareholders
and loss/earnings per share. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company filed such restatements on April 27, 2005 with the Securities and
Exchange Commission in amendments (the &#8220;Form 10-K/A&#8221; and &#8220;Form 10-Q/A&#8221;) to the
Form 10-K and Form 10-Q. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">More
specifically, the Form 10-K/A and the restated financial statements reflect
a&nbsp;correction for fiscal 2004 in the Company&#8217;s accounting treatment of its
September 13, 2004&nbsp;issuance of 73,000 shares of Series A Preferred Stock
and a restatement of the Company&#8217;s 2004 earnings per share. The Form 10-K/A
reflects a $10.4 million, non-cash, deemed dividend for an embedded conversion
feature relating to the Series A Preferred Stock and the effect of the
participating convertible securities on the computation of basic earnings per
share in 2004. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The Form
10-Q/A and the restated financial statements reflect the change in the Company&#8217;s
accounting and disclosure of the Series A Preferred Stock for the third quarter
of 2004.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV id=PGBRK style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=FTR>
<DIV id=GLFTR style="WIDTH: 100%" align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV>
<DIV id=PN style="PAGE-BREAK-AFTER: always">
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt" face="Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center">
<HR color=#000000 noShade SIZE=2>
</DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Management
and the Company&#8217;s Audit Committee discussed these issues with the Company&#8217;s
independent accounting firm, Ernst &amp; Young, LLP, who concur with the
decision to restate the consolidated financial statements. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Eric
Stonestrom, Airspan&#8217;s president and chief executive officer, said: &#8220;The sale of
the Series A Preferred Stock was a very important part of the funding strategy
for our recently-launched WiMAX product portfolio. The discount to the market
price we agreed to when we issued the stock was in step with similar deals done
in the private equity markets, where such discounts are given in lieu of the
incurrence of significant underwriting fees and expenses, and higher transaction
costs and execution risk. The discount also included price appreciation that
occurred on the day of the deal's announcement, due to positive market reaction
to the funding event. The consolidated financial restatements do not reflect a
change in the Company&#8217;s uses and sources of cash or a change in the Company&#8217;s
losses from operations during 2004.&#8221; </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Please
see the Form 10-K/A and the Form 10-Q/A for more detailed information regarding
the restatements.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>About
Airspan Networks Inc.</STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
Networks provides wireless voice and data systems and solutions, including Voice
Over IP (VoIP), to both licensed and unlicensed operators around the world in
frequency bands between 700 MHz and 6 GHz, including both PCS and 3.5GHz
international bands. Airspan has a strong product evolution roadmap that
includes offerings compliant with the new 802.16-2004 standard, and with
built-in 802.16e capability. Airspan is on the Board and a founder member of the
WiMAX Forum</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">. The
Company has deployments with more than 200 operators in more than 100 countries.
Airspan&#8217;s systems are based on radio technology that delivers excellent area
coverage, high security and resistance to fading. Airspan&#8217;s systems can be
deployed rapidly and cost effectively, providing an attractive alternative to
traditional wired communications networks. Airspan also offers radio planning,
network installation, integration, training and support services to facilitate
the deployment and operation of its systems. Airspan is headquartered in Boca
Raton, Florida with its main operations center in Uxbridge, United
Kingdom.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">More
information on Airspan can be found at </FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><U>http://www.airspan.com</U></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
press release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and </FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
21E of the Securities Exchange Act of 1934. All statements, other than
statements of historical facts, including statements regarding our strategy,
future operations, financial position, future revenues, projected costs,
prospects, plans and objectives of management, may be deemed to be
forward-looking statements. The words "anticipates," "believes," "estimates,"
"expects," "intends," "may," "plans," "projects," "will," "would" and similar
expressions or negative variations thereof are intended to identify
forward-looking statements, although not all forward-looking statements contain
these identifying words. We may not actually achieve the plans, intentions or
expectations disclosed in our forward-looking statements and you should not
place undue reliance on our forward-looking statements. There are a number of
important factors that could cause actual results or events to differ materially
from the plans, intentions and expectations disclosed in the forward-looking
statements we make. Investors and others are therefore cautioned that a variety
of factors, including certain risks, may affect our business and cause actual
results to differ materially from those set forth in the forward-looking
statements. The Company is also subject to the risks and uncertainties described
in its filings with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the year ended December 31, 2004. You should read those
factors as being applicable to all related forward-looking statements wherever
they appear in this press release. We do not assume any obligation to update any
forward-looking statements.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG><U>For
Investment inquiries, contact:</U></STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
Networks Inc: </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Peter
Aronstam</FONT><FONT id=TAB2
style="COLOR: black; LETTER-SPACING: 27pt">&nbsp;</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
Financial Officer</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel: +1
561 893-8682</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fax: +1
561 893-8671</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Email:
</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><U>paronstam@airspan.com</U></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><STRONG>62530.000002
MIAMI 280992v2</STRONG></FONT></DIV></DIV>
<DIV></DIV>
<DIV>&nbsp;</DIV>
<DIV id=PGBRK style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=FTR>
<DIV id=GLFTR style="WIDTH: 100%" align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV>
<DIV id=PN style="PAGE-BREAK-AFTER: always">
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt" face="Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center">
<HR color=#000000 noShade SIZE=2>
</DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV></DIV>
<DIV>&nbsp;</DIV></BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`@$`2`!(``#_X09@17AI9@``34T`*@````@`!P$2``,`
M```!``$```$:``4````!````8@$;``4````!````:@$H``,````!``(```$Q
M``(````4````<@$R``(````4````AH=I``0````!````G````,@```!(````
M`0```$@````!061O8F4@4&AO=&]S:&]P(#<N,``R,#`U.C`T.C(W(#$R.C(W
M.C4Q``````.@`0`#`````?__``"@`@`$`````0```N6@`P`$`````0```50`
M````````!@$#``,````!``8```$:``4````!```!%@$;``4````!```!'@$H
M``,````!``(```(!``0````!```!)@("``0````!```%,@````````!(````
M`0```$@````!_]C_X``02D9)1@`!`@$`2`!(``#_[0`,061O8F5?0TT``O_N
M``Y!9&]B90!D@`````'_VP"$``P("`@)"`P)"0P1"PH+$14/#`P/%1@3$Q43
M$Q@1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P!#0L+#0X-
M$`X.$!0.#@X4%`X.#@X4$0P,#`P,$1$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#/_``!$(`#L`@`,!(@`"$0$#$0'_W0`$``C_Q`$_```!
M!0$!`0$!`0`````````#``$"!`4&!P@)"@L!``$%`0$!`0$!``````````$`
M`@,$!08'"`D*"Q```00!`P($`@4'!@@%`PPS`0`"$0,$(1(Q!4%181,B<8$R
M!A21H;%"(R054L%B,S1R@M%#!R624_#A\6-S-1:BLH,F1)-49$7"HW0V%])5
MXF7RLX3#TW7C\T8GE*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8W1U=G=X>7
MI[?'U^?W$0`"`@$"!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q
M0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*S
MA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_
MV@`,`P$``A$#$0`_`/557&=C.>UE;C87.V@L!<V1]*;&CT_;^=[E5SS;D;JV
MC=5JS9I#C/I_I)W;MUGZ)E;V>A^CNON]?]%4@,S^BX/4+*,C+:[J#&5BUL$E
MHL]1]#/SW?1IL]EEMEE;/^/KWNH5JLXI$U$:=27926:[ZQ]!:S>[/H#?=KO&
MNT;W[?WMK/?[5I)J]22222E))))*4DDDDI2BXD+-_P"<W0=MCOMC(I`=9S[0
MX;V;O;^<U3'6^DVWY&-7E,=?AF,FL22PG\UT#Z22FP][^SBA/ML'#S]Z#3U3
MIV7::<7(9=8T.):R3HPM:\[HV^UUC$1Z<%A8&W()AKWD^`DKDNJ]2ZI5];:,
M9N7>REUN*'4BQP;#C7Z@V3^?^>K/U\Q\S+^K.37T]WZQ7978XUV!KFL87.N<
M_:[=MK8-[UQOU88XV=,=ZS\L_:V!UY#B-+F#:'N_-:I<5<1!'Z):O-\7MPD"
M?YR(W?_0](R<BRIVP#8YS@UIT&XN/L]-[]M;W_Z3'>]C_P#1)W=(Z786ONP\
M>RQHL&\U,D>ON=E[=P<YOVEUEGK_`.EW_I%<21)0!1.KG8_U=Z!C.K?C].Q:
MWU-+:[!2S>`=P</4V^I[O4LW^[_"/6BDD@E22222E))))*4DDDDIKV8&#:XN
MMQJK'$!I+F-)@<-]P4;NG]/L>ZRS%I>]_P!)SJVDGGZ1+?Y2M*+@2DII_9L:
MMWJ5TULLB-[6-:Z(`V[FC=M]C%%WT@K#V/[-*":K-P]I3@L+Y9]8SU&W]K8/
M2FWNS,K)L8ZG&#BZRK?9ZS'^E[WU;/YQBZG_`!=8F?@_5G#Q<VFW%N9D6$TV
MM+';7/:6N-;X=M<JG2>F=5K^N=V5?B758OJ9>V]S"&$/W^F=_P#PGYB["MGZ
M1A_E#\JFS@<0(-^D,'+QE''PR_>D?H2__]'U5))))2DDDDE*22224I))))2D
MDDDE*22224I))))32>WWN^)28SWM^(_*C.;[C\4@S4?$)UK:?__2]522224I
M))))2DDDDE*22224I))))2DDDDE*22224QVI;5)))3__V?_M"QI0:&]T;W-H
M;W`@,RXP`#A"24T$)0``````$``````````````````````X0DE-`^T`````
M`!``2`````$``0!(`````0`!.$))300F```````.`````````````#^````X
M0DE-!`T```````0```!X.$))3009```````$````'CA"24T#\P``````"0``
M`````````0`X0DE-!`H```````$``#A"24TG$```````"@`!``````````$X
M0DE-`_4``````$@`+V9F``$`;&9F``8```````$`+V9F``$`H9F:``8`````
M``$`,@````$`6@````8```````$`-0````$`+0````8```````$X0DE-`_@`
M`````'```/____________________________\#Z`````#_____________
M________________`^@`````_____________________________P/H````
M`/____________________________\#Z```.$))300````````"``$X0DE-
M!`(```````0`````.$))300(```````0`````0```D````)``````#A"24T$
M'@``````!``````X0DE-!!H``````TD````&``````````````%4```"Y0``
M``H`50!N`'0`:0!T`&P`90!D`"T`,0````$`````````````````````````
M`0`````````````"Y0```50``````````````````````0``````````````
M```````````0`````0```````&YU;&P````"````!F)O=6YD<T]B:F,````!
M````````4F-T,0````0`````5&]P(&QO;F<``````````$QE9G1L;VYG````
M``````!"=&]M;&]N9P```50`````4F=H=&QO;F<```+E````!G-L:6-E<U9L
M3',````!3V)J8P````$```````5S;&EC90```!(````'<VQI8V5)1&QO;F<`
M````````!V=R;W5P241L;VYG``````````9O<FEG:6YE;G5M````#$53;&EC
M94]R:6=I;@````UA=71O1V5N97)A=&5D`````%1Y<&5E;G5M````"D53;&EC
M951Y<&4`````26UG(`````9B;W5N9'-/8FIC`````0```````%)C=#$````$
M`````%1O<"!L;VYG``````````!,969T;&]N9P``````````0G1O;6QO;F<`
M``%4`````%)G:'1L;VYG```"Y0````-U<FQ415A4`````0```````&YU;&Q4
M15A4`````0```````$US9V5415A4`````0``````!F%L=%1A9U1%6%0````!
M```````.8V5L;%1E>'1)<TA434QB;V]L`0````AC96QL5&5X=%1%6%0````!
M```````):&]R>D%L:6=N96YU;0````]%4VQI8V5(;W)Z06QI9VX````'9&5F
M875L=`````EV97)T06QI9VYE;G5M````#T53;&EC959E<G1!;&EG;@````=D
M969A=6QT````"V)G0V]L;W)4>7!E96YU;0```!%%4VQI8V5"1T-O;&]R5'EP
M90````!.;VYE````"71O<$]U='-E=&QO;F<`````````"FQE9G1/=71S971L
M;VYG``````````QB;W1T;VU/=71S971L;VYG``````````MR:6=H=$]U='-E
M=&QO;F<``````#A"24T$$0```````0$`.$))3004```````$`````CA"24T$
M#``````%3@````$```"`````.P```8```%B````%,@`8``'_V/_@`!!*1DE&
M``$"`0!(`$@``/_M``Q!9&]B95]#30`"_^X`#D%D;V)E`&2``````?_;`(0`
M#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,
M#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`
M.P"``P$B``(1`0,1`?_=``0`"/_$`3\```$%`0$!`0$!``````````,``0($
M!08'"`D*"P$``04!`0$!`0$``````````0`"`P0%!@<("0H+$``!!`$#`@0"
M!0<&"`4###,!``(1`P0A$C$%05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,'
M)9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34
MY/2EM<75Y?569G:&EJ:VQM;F]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'
M!P8%-0$``A$#(3$2!$%187$B$P4R@9$4H;%"(\%2T?`S)&+A<H*20U,58W,T
M\24&%J*R@P<F-<+21)-4HQ=D154V=&7B\K.$P]-UX_-&E*2%M)7$U.3TI;7%
MU>7U5F9VAI:FML;6YO8G-T=79W>'EZ>WQ__:``P#`0`"$0,1`#\`]55<9V,Y
M[65N-A<[:"P%S9'TIL:/3]OYWN57/-N1NK:-U6K-FD.,^G^DG=NW6?HF5O9Z
M'Z.Z^[U_T52`S/Z+@]0LHR,MKNH,96+6P26BSU'T,_/=]&FSV66V65L_X^O>
MZA6JSBD341IU)=E)9KOK'T%K-[L^@-]VN\:[1O?M_>VL]_M6DFKU))))*4DD
MDDI22222E*+B0LW_`)S=!VV.^V,BD!UG/M#AO9N]OYS5,=;Z3;?D8U>4QU^&
M8R:Q)+"?S70/I)*;#WO[.*$^VP<//WH-/5.G9=IIQ<AEUC0XEK).C"UKSNC;
M[76,1'IP6%@;<@F&O>3X"2N2ZKU+JE7UMHQFY=[*76XH=2+'!L.-?J#9/Y_Y
MZL_7S'S,OZLY-?3W?K%=E=CC78&N:QA<ZYS]KMVVM@WO7&_5ACC9TQWK/RS]
MK8'7D.(TN8-H>[\UJEQ5Q$$?HEJ\WQ>W"0)_G(C=_]#TC)R+*G;`-CG.#6G0
M;BX^STWOVUO?_I,=[V/_`-$G=TCI=A:^[#Q[+&BP;S4R1Z^YV7MW!SF_:766
M>O\`Z7?^D5Q)$E`%$ZN=C_5WH&,ZM^/T[%K?4TMKL%+-X!W!P]3;ZGN]2S?[
MO\(]:*22"5))))*4DDDDI22222FO9@8-KBZW&JL<0&DN8TF!PWW!1NZ?T^Q[
MK+,6E[W_`$G.K:2>?I$M_E*THN!*2FG]FQJW>I736RR(WM8UKH@#;N:-VWV,
M47?2"L/8_LTH)JLW#VE."POEGUC/4;?VM@]*;>[,RLFQCJ<8.+K*M]GK,?Z7
MO?5L_G&+J?\`%UB9^#]6</%S:;<6YF1833:TL=M<]I:XUOAVURJ=)Z9U6OZY
MW95^)=5B^IE[;W,(80_?Z9W_`/"?F+L*V?I&'^4/RJ;.!Q`@WZ0P<O&4<?#+
M]Z1^A+__T?54DDDE*22224I))))2DDDDE*22224I))))2DDDDE-)[?>[XE)C
M/>WXC\J,YON/Q2#-1\0G6MI__]+U5))))2DDDDE*22224I))))2DDDDE*222
M24I))))3':EM4DDE/__9.$))300A``````!5`````0$````/`$$`9`!O`&(`
M90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T
M`&\`<P!H`&\`<``@`#<`+@`P`````0`X0DE-!`8```````<``0````$!`/_A
M$DAH='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I
M;CTG[[N_)R!I9#TG5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^"CP_861O
M8F4M>&%P+69I;'1E<G,@97-C/2)#4B(_/@H\>#IX87!M971A('AM;&YS.G@]
M)V%D;V)E.FYS.FUE=&$O)R!X.GAA<'1K/2=835`@=&]O;&MI="`R+C@N,BTS
M,RP@9G)A;65W;W)K(#$N-2<^"CQR9&8Z4D1&('AM;&YS.G)D9CTG:'1T<#HO
M+W=W=RYW,RYO<F<O,3DY.2\P,B\R,BUR9&8M<WEN=&%X+6YS(R<@>&UL;G,Z
M:5@])VAT='`Z+R]N<RYA9&]B92YC;VTO:5@O,2XP+R<^"@H@/')D9CI$97-C
M<FEP=&EO;B!A8F]U=#TG=75I9#HR83EE8S%C,2UB-S,Y+3$Q9#DM83(U9BUA
M-6$R-6(V93<Y9&0G"B`@>&UL;G,Z>&%P34T])VAT='`Z+R]N<RYA9&]B92YC
M;VTO>&%P+S$N,"]M;2\G/@H@(#QX87!-33I$;V-U;65N=$E$/F%D;V)E.F1O
M8VED.G!H;W1O<VAO<#HR83EE8S%B9BUB-S,Y+3$Q9#DM83(U9BUA-6$R-6(V
M93<Y9&0\+WAA<$U-.D1O8W5M96YT240^"B`\+W)D9CI$97-C<FEP=&EO;CX*
M"CPO<F1F.E)$1CX*/"]X.GAA<&UE=&$^"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2=W)S\^
M_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3
M%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-
M#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,_\``$0@!5`+E`P$B``(1`0,1`?_=``0`+__$`3\`
M``$%`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$`````````
M`0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q
M@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87
MTE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=W
MAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4
MH;%"(\%2T?`S)&+A<H*20U,58W,T\24&%J*R@P<F-<+21)-4HQ=D154V=&7B
M\K.$P]-UX_-&E*2%M)7$U.3TI;7%U>7U5F9VAI:FML;6YO8G-T=79W>'EZ>W
MQ__:``P#`0`"$0,1`#\`]522224I))))2DDDDE*22224I))))2DDDDE*2222
M4I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DD
MDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224
MI))))2DDDDE*22224I))))2DDR22E2$I"B4QX14SW!-O:H*)Y21:7>U+U&^*
M#V2*5*M+ZC/%+U6>*`F*5(M/ZS/%+UF>*K))4KB;/KU^*7KU^*JE1*-(XBV_
MM%?BE]HJ\53*8I<(5Q%N_::O%-]JJ\51*9+A"N,M_P"U4^*7VNGQ6>4R/"$<
M9='[73XIOME/BLY,4N$*XRZ7VRCQ3?;:/%9B9+A"/<+:SNO].P&M=D/VAY@*
MI_SRZ'_I3]RYOZZC]!C_`-8_P7*:*>&",HV;:',<_EQY#`"-"GT__GET/_2G
M[DC]<^A@$^J=/)>8:)G1M/P3ONT.Y8O])YNT?L?9/MV/]A^W3^@V>IN_DI+)
M_P#6,_\`07^"2K<`_P"=PNE[LO#^;]S_``G_T/54DDDE*22224I))))2DDDD
ME*22224I),2`0"=3P$Z2E))))*4DDDDI22222E))))*4DDDDI22222E))))*
M4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI222
M22E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI9))))3$ICPG*
M8\(H647<J2B[E(*6[)%+LD4D,4Q3IBBABDDDDI8J)4BHE)"Q3%.4Q10L4R<I
MD5,2F3E,DA9,4Z8I(8IDZ9%#S?UU_H^-_6/Y%R:ZSZ[?T;&_KG\@7)JUA^0.
M1SW\_+R'Y*3.^B?@G3.^B?@I&J^G?^L9_P"@O\$DO_6,_P#07^"2H_\`?N]_
MZH?_T?54DDDE*22224I),2`))@#DE9&=]9<*BPXV*'9F7PVJH;A/;>_Z+41$
MG8+9Y(P%R(#KN<UC2YQ#6CDG0+,R_K)T?$=L?>'O_<K]Y_Z*RV],^L/6I;UB
MQN)B'444_2/\E[EI871>A]%875M943J;+#J8_K)_#$;GB/:/_?,/N99ZPB,<
M/WLOS?XC0M^L76\HEO2^FN<T\672T1XI5U?73)=-UM6(WP8`3_TI5R[ZV=&K
M);5:<AX_,I:7%5G_`%@ZQDN8.G=-?L<0#9=[8'[R<`>D!'QE_P"A,1,+]6>>
M0_NXO_7;<Z?T?+HRAE9F;9E/:(8T@!HGGZ("UDS9VC=S&OQ3J(DDZMN$(P%1
MOOJ>+_I*22207*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*2222
M4I))))2DDDDE*22224I))))2DDDDE*22224LDDDDIB4QX3E,>$4+*+N5)1=R
MD%+=DBEV2*2&*8ITQ10Q22224L5$J142DA8IBG*8HH6*9.4R*F)3)RF20LF*
M>0ANOQVF'6L![@N"2%TR&[,PQS>S_."A^T,*8]9FOF$E4X?UU_HN-_7/Y`N2
M76?7.RM^)C;'M?[S]$@]@N35O#\@<?GOY^7D/R4F=]$_!.F=]$_!2-4/IW_K
M&_\`H+_!)+_UC/\`T%_@DJ/_`'[O?^J'_]+U5))))2E6SNHX>!4;<JT5CL#R
M3X-:@=9ZJSIF(;0WU;WG;12/I/>>&A9W3NAVYM[.K];&[+T-6/\`F5`=MOYS
MDZ,17%+0?C)BGD/%P8Q<]S?RP'];_O4-?[<^L!<W(:[IW33P!_.6M[?U%JX>
M#TGH.*X5[:*_I/>\ZGXG\Y-UKK5?3*0VMOVC+L.VC&;])Q_[ZU9^/T"[JMM?
M4>NDFT0:L1IAC!SM?^^G[C7T0[#JQ`",JC^MS=9RVA_WO]R*UW7^I]1N]#H>
M,37/NS+1#0/%K7?24W?51N61;UK*?EO':=C!_9"L]6Z_C=-8VC&9]IRW>VO&
MJU/]K;]!JI#IG7.MU!_4KS@TNXQ:A[H_EV2B+`L5CCW_`$RMD`9&,KYB?[H]
M.&'G^@VVY/U9Z*TBIU53@(AGN=I_5W+1P,ZC/QQDX\^FXD#<"TZ>153IWU:Z
M1TX[J*9?$%[_`''\5I@!H@"!X!1R,3M9/<L^*.0?,(1C^Y`?]U_Z"NDDDFLJ
MDDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*222
M24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))2DDDDE*22224LDDDDIB4QX3E,>$4+*+N5)1=RD%+=DBEV
M2*2&*8ITQ10Q22224L5$J142DA8IBG*8HH6*9.4R*F)3)RF20ULV?3!!A>(?
M6;-RV=>S6MN>`+7``$^*]QRQ-2\(^M/_`(H,[_C7?E39+X-'[?F_Z9_WE+[?
MF?Z9_P!Y0$@">$U>]#]6\K(ONN;=8YX#00'&86[JL'ZJU.]:XQ^:%T):6F#H
MK_+C]6/JX7Q$$<Q(UI4?^BP3.^B?@G/*9WT3\%(TP^G?^L9_Z"_P22_]8S_T
M%_@DJ/\`W[O?^J'_T_54',RJ\3&LR;3#*FEQ^2,L/,JMZKUBO':Z,+!(?D,/
M%CS]!G]E&(LZ[#4K,DC$>D7*1X8^;'H_3;LC+/7,]Q==:/U>@_1J:?#^6YJM
M];ZS7TREC6M-F5D'9CU#DN/=W\A7K[JL;'?=9[:ZFESH[`!9'1*AU"^SKES9
M%^F(UVI96.X_=WN3[OU2^4=/^Y8R.`#'`^N?JE(_\_(SZ)T$85C\[*>;\^_W
M6/=J&3KLJ_=0NJ=6R\C,/1^E,FXC]/D_FU`_]_VJSU[,OKH9AXAVYF:372X?
MF_O6'^JC](Z8SIN&R@'?;S=<>7O/TGN2O].6I/RA'#_D<?IB-<DQOK^C_?E^
M\AZ-T#"Z4PNKFW(?K9>_5Q/_`'U:B22822;.K-"$8`1B*`4DHA["8#@3X`I.
M>QOTG`3Q)A!<R22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DD
MDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224
MI))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE+))))*8E,>%(@J)
MX10LHNY4H)3.&J2F/9(IR".4Q!CA)#%,5*">RB44,4DDDE+%1*D5$I(6*8IR
MF**%BF3E,BIB4R<IDD([A-3@O!?K5_XH<[_CG?E7OI@@SQ"\)Z]BV9GUBSW,
M!#/6=J1'="0M?C<6NIUCH'WK0Q\,`"=2M*CI?I[?4AH[-&I/Q5T554M^B`4!
M0U9A%ET#&<U]O:6A:%S"&S,_%0Z)?7ZUO;VHM]X?N:.)Y5G!,D``:.1\3$!,
MV?500)G?1/P3IG?1/P5ARGT[_P!8S_T%_@DE_P"L9_Z"_P`$E1_[]WO_`%0_
M_]3U#)O;CX]E[_HUM+C\E3Z'61A_:'?3R7&UQ[ZHG5V[\&ROM9#3\"K./6*Z
M*ZP(#6@`)WZ/F6.B<GA&/_.DTNMCU:*L7_N18UKO-HU>%>KKKJK;76T-8P0U
MHX`"#D5[\G'<1(87'YPK*!.@"8CU2EY#Z.-@;\OK67DV^YF-%5$]M-SR/O6R
MJN%CF@6;@`7O+I\9*M(R-G\%8H\,==R3(_52X_Z]_6UW2Q3T7`('4^H^QEA(
M#:FN(;ZSY6G];_K-3]7>EG(+39E7'TL6IHDNL/T5S_U<^H;.HX[^J_6ZO[9U
M+,(>`XG]&S\VL;4U>\[]3:K.F_XQ3TT9C\RME3PZPO+FN>0USG#7:MWZQY^!
MU3ZZ4=->RXCIC?6NLK>6L$>_;8T+EXP/JO\`XQKK::RS#Q6.<*VR>1]&2FJZ
MP^GH?5^JO8X]1^LM[J,0_G-8#[I/]M)3U&#_`(S<[JSWX_3.E/)KLVOO+IK8
MP'Z;M/I(C?K[]8.IV7V=`Z7]JQ<%VR][G@.<[\[TV+39D]*^HWU7PSD4^S:Q
MESJVR2]P]SW_`+RXG$SVO^M=O5_J>;*^EM:+^J,(VUB/=8-K_P!])3U'4O\`
M&%G_`+4_8G2.F.RNH-:TV2X!K21+F_V4W0_\8F59UMO0.N8+L3.>[:T@RW42
M)7)?4_ZX=-Z/U;J?5^JUV%_4"78U@;)<W=.UJMYC^IY%N;_C`?B.K:QH;TNM
MT;F_F?:+6I*>OZS]9_K'7=F,Z7TJ:,`_I<JYX8UT?Z)KOI*G@?XR0_ZJ9'7,
MK%VVXU@I](.T>X_NN7#YV?5U#ZL79^3U3*ZAU&US:_1AS*Z['>Z/S6V>U6*.
MEG*ZC]7OJL&G92T9.<W\TNL_2^[][:DIZ?/_`,8W7:NEU=:JZ,ZKII(#[+'B
M3/[K(W;5V'U<ZTWKG1\?J;:S2+VSZ9,Q\URO^,AXRQTOZJX@VOS[V;FM$-;6
MPKLNE]/IZ;T_'P*`!7CL#&QY)*;:2222E))))*4DDDDI22222E))))*4DDDD
MI22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E))
M))*4DDDDI22222E*IU?(LQNEYF148LIIL>P^;6EP5M4NLUVV](S:J6[K7T6-
M8WQ<6N#0DIX/I'6/K=AGH?4NH]09FX76;14[&#0'LWAVUS3^=MA1ZAU3ZVV9
M/7,S$ZO7CX_2;BUF(]H)>`)V[OY2W?J;]3>FX/3>G9F5C.'4J:Y/J.+MCS.[
M8PG:Q8]OU+MSZ?K%D78SFY]F1ZN!:21NV^YOM^B[A)38ZUUOK^9;T*C!S6])
M?U'&==>^T`@.;M]ON5CJ_5.N=`^IUF3=GLZAF.M%8SJP-M;7G;OVM_T:I=;Q
M<O,OZ!U#.Z5;F558SV96,S0LL.UHX_JK:HRL6CZO/%?1+6XF\LLP7"7;3]*S
M:XE)2#I#NO=+Z1G=5RNJCKM7H&W&:QH!#P-WYJS?J;E?6CK[JNLCK3'4&PC*
MZ;L_FP/S-WTE/ZJ8&1@]1ZGU+IV!?B]&=2!7@6F39<#+G4L<?8U4K.G9G4_K
M-@]0Z%TV[I+Z[`[JCW'8QS0?H&L>U[MO[J2GJ_KYU3,Z3]5\O.P7^GD5;-C^
M8W.:TKEND=?^M6%UOH^/GY]?4\?J]?J.KK:`ZN6S[H_=73?XPL'+ZA]4\S%P
MZS=>_9M8WDP]I<N=P_J[F]"ZUT/J/3\1_H78PJZE6/<6V%OT_=]#^RDIJ]*Z
ME];>MY_415UZG`JPLIU+*[0)<T.TVKJ>E]2ZB_ZUYO2\B[U:,;&J>V!H7N:T
MOL_M+C^C])'3\_J9ZMT&_.=?ENLQ[6S&R?(A;CLGJ'2_K7E=2'3+[\;+QJF5
M^F)+2UK9K<DI)];L_KA^L6!TCIG46=,9?19;9=8`6DL_-U6KB9&;TCZM9&9U
M7.9U*['8^PY-?T2/S&Z?NK!^LV-;F]=Z5U7)Z5=FX7V9XMQ@/<Q[OH[X4.LT
M=1ZET;$Z'T3IMO3<;,M(R"_BIK?=O=_614V/J3UKK]G4K.G_`%A?OMR:!EX8
M\*R7>U4L#/\`K%]8.NY@Q^M-Z=]CR?3;TQS1+JVQ)_E;T]GU<^M71^K]-ZS=
MF'K#<4^@ZJMNUS:B(_M-4/K+17UG+;^S^CWXG71<PUYH]@#09=98YOM<W:DA
MEU7J?UDS/K;D](P>JU],HHK:\.M`@F/<UL_REV'1Z\RKIM3,[*;G9(G?DL^B
M_7\U<5U/I5]?UOR,[J72;>J8CZ6,:ZN8]0-:+'Z?O.7:=%=4>F4BG%?@5-D,
MQG_2;JD@[-Q)))%"Q42I%1*2%BF*<IBBA8IN4Y67]8[+*NDVOK<6/$0X<\IT
M19`[E;DEP0E(Z\(O['2+7>";:?!>;CJ.?_W(L^]$Q\CJ.1<VMN18-9)GL%-]
MV/60^QH#XG"1`&.5G3=](NNQ^FXARL@;B8#6`223PQK5S_4.DUY+W^OC-LZC
MU"?1:T`"AGYKK"/SE<P,@99^W6$W-PFBNFH_OQ_.([A?A=/NS+W[++=UN1DN
M_P`'7RUC?[*KD$;[NO"@!3Y/U(MZ79:+R!Z;RQL&2XA<_D]9=8X^G("'US/;
MG]4R<FLDTV6$U@_N]E03#JDR[/0_5O)LLONW'0-"W9'B@?XJ<?'R.KY3,BL6
MM]&0'<3)7IG[)Z7_`-Q6?<K.'*(P`IRN;Y.67-*?$!8&_@^<R$G$;3\%Z+^R
M.E_]Q6)CT?I<:XS%)[X[%K_Z.G^^&U/_`&&?^@O\$EJ>C3^S?1V#TO3C9VCP
M257B_P"E;J>V>_\`DN!__]7U#)J-U18.9!'R1&@AH!Y"'99LM8#HU^GS[(J*
M!5E&'UOL+>7L[>$J9$B%3SGG%<S+:/8TQ?'[I_._LJU5;5=6VVIP>QPEKAJ"
MD1I:`=2#O^QKXN7ON?BV@MNKUU_.;V<U6U0ZI@VWL%^*[T\VD$TO['^0_P#D
M.5;$Z]6P-Q^K`8F8-'`SL=_*99]%'AL6/J%GN<!X9Z?NS/RG^K_>=2VBB[;Z
MM;;-IENX`P?*41,UP<`YID'4$)TUE0OPL.QY>^BMSSRXM!)^<)C@X1#6FBO:
MPRP;!`/\G1'224CNQZ+V>G=6VQG[KP"/N*YKZX=`ZIF])_9WU>]'#;D.(RR`
M&[JX^C[0NI224Y?3.@=.P^F8F$_'J?\`9:VM!+0=0/<?</WEHNII=5Z+F--1
M$%A`VQ_54TDE-=O3L!C/39C5-8#.T,;$^/"F,;';9ZK:F"R(WAHW1_614DE(
MW44.L;:ZMKK&_1>0"X?!R(DDDI22222E))))*4DDDDI22222E))))*4DDDDI
M22222E))))*4DDDDI22222E))))*4DDDDI22222E))))*4DDDDI22222E)))
M)*4DDDDI22222E))))*4DDDDI22222E)DZ22EDDDDE+$E-)A(ICPBA4GQ47.
M/BG47<I!2I(XT3$GGOXI=DBDA;<X#0D*)))DZITQ10Q22224L5$J142DA8IB
MG*8HH6*R?K/_`,CW?+\JU2LGZT&.C7?+\J?C^:/F&+F/YG)_=+P8X5NFT4X_
MM^G88GR55GNXU1J-K_T;]".%=GH'!P"1F1'YJ]+HLS\C#M:<=Y9N^D.Q7`_6
M?ZP]:SL_(Q\G+L?0UY#:@2&QX;0NX?48D@GP7FW6_P#E7)[>\JGF-@.]RHD#
M(DD@[#LTDDDE`VGN?\4ICK>1YU?Q*]57D_\`BI,=:O/_``7\2O6!PGQV8LFZ
MDQX4DQX3ECJ?]HO["27_`&C_`+"2C_BS?P?_UO3\O'&32:]Q8[ECQR'#Z+E7
MZ=F/M#L?(]N52=KQQN':QO\`65Y9_4NE-R[*\JIYJS,?6FP<?U+&_GL3A6Q^
MU9,2!XHBSUC^]'_OF^YK7M+7"6N$$'P6'D5YW1'!_3Z?M.`]TVT?G5_O/J_>
M_J(_3^N-MO=AYU9Q<MAB'?0?_*J<M601XA+6)HC3LM].47&52&TA\T?!JX?5
M,'-;./:UQ[MX</[)4\S`Q,ZKTLJIMK#V*H]3^K>!GN%S=V+DM,BZD[3_`&H^
MDB]*Z=F8;K#DY;LH&!7(B`$O3O$T>R@<A/!.`E$_I#Y?\*$F_6QM;&UL$-:`
M&CR"DDDFLJDDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))
M2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22
M224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE+))))*8E,>$Y
M3'A%"RB[E247<I!2W9(I=DBDABF*=,44,4DDDE+%1*D5$I(6*8IRF**&)6/]
M;-.B7?+\JV"L?ZUB>B7?+\J?B^>/F&//_-3_`+I>"QKO3>UQU'<+3^RT9#?5
MIL#'^'FLAH@*;7.;J#"T)1MPX9.$[7^!'D73VY&W8;9=V`"\YZVUS>JY(=](
M/,KMG]0O8W0B?%<-U1[K.H7O<9<7DDJGS,:`VWZ.MR.;W"19)`ZM5)))56^]
MI_BM,=7R/^*'Y2O6F:L!\EY-_BKK=9UC(#>U0_*5ZTQI:P`\A/CLQ3W4D>%*
M$Q&B*UT_^T?]A)+_`+2?V4DS^++_``?_U_54DDDE-3J73,7J6,<?):2TZAS=
M'`_O-<LS[+UWI-(;@O&?CU\56:61X"S\Y;R2<)$"MQV+'/%&1XA<9U7%'23S
MC?K=9'IV]/OJR7$-94X?2/>'+H:W.=6USAM<0"6^!\$Y:TF2!(X*=*1!V%*Q
MQG&^*?'VTX5))))K(I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDD
MDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I
M))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2R222
M2F)3'A.4QX10LHNY4E%W*04MV2*79(I(8IBG3%%#%))))2Q42I%1*2%BF*<I
MBBA8K'^M7_(MWR_*M<K'^M?_`")=\ORI^/YX^88L_P#-9/[I>!`T"8I-.@47
MNA:(<`#5':01JNHZ3]1/JSU#IE&9DT/-]PE[@X@$KE''=*]*^K/_`"!B?U5#
MS8'!'S=/X?&429=PY)_Q;?57M2__`#BH_P#C;?5J1^A='?W+JX25&@Z/$>[D
M]'^J_1>B7/NZ;4ZNVQNU[B9D!:L)TD4+)$:)TQX20Z/_`&D_LI)?]I?[*29_
M%E_@_P#_T/54DDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I)))
M)2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*2
M2224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))
M2DDDDE*22224LDDDDIB4QX3E,>$4+*+N5)1=RD%+=DBEV2*2&*8ITQ10Q222
M24L5$J142DA8IBG*8HH6*QOK9_R)=\ORK9*Q?K<8Z'>?A^5/Q?/'S#'F_FY_
MW2^>[H"&YVXIA)`E(F%J;.7@Y8R-G99QT*]+^K'_`"!A_P!5>9D:%>F_5@?]
MC^'_`%56YOY!YNI`1'I#I)*4)0J2]BDI0E"2F*1X4H3$:)*=#_M+_922_P"T
MW]E),_BR?P?_T?54DDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224
MI))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDD
MDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I
M))))2DDDDE*22224LDDDDIB4QX3D%*#"*&*B[E3@J)!GA(*8]DBG@^"8@^"2
M&*8J4.\%':[P**&*2?:[P3;7>!24L5$J9:[P*B6N\"DAB4Q4BQ_[I3%C_P!T
MHH8%8OUO_P"0K_E^5;A8_P#=*Q?K=5<[H=X96YSM-`->4_%\\?[P6S!,9>3Y
MN#H$W*(W#SB!./9]Q4QA9O\`W'L^XK4L=PU@#$4A/!7IGU8_Y`Q/ZJ\Y.'FP
M?U>S[BO2/JTQ[.@XC7@M<&ZM/(57FR.`>;+B&[I))TE39EDDZ22EDQX4DQX2
M4WO^TW]E)/\`]IO[*29_%?\`P?_2]522224I))))2DDDDE*22224I))))2DD
MDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224
MI))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDD
MDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I
M))))2R=)))2DDDDE+(>0`:72)14/(_FBB-T'9H;&?NC[DMC/W0I0E">QL=C/
MW0G@#CA/"4)*623PE""5DD\)0DI9(C1/"4)(;G_:?^RDE_@/[*2;_%D_@__3
M]522224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I)
M)))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE
M*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))
M))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I#O_`)HHB'=_
M-E(*.S3A*%*$H3F-C"4*4)0DIC"4*4)0DIC"4*4)0DIC"4:*4)B$E-O_``']
ME)+_``/R207_`,'_U/54DDDE*22224I))))2DDDDE*22224I))))2DDDDE*2
M2224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))
M2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22
M224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2
MDDDDE*4+OYLJ:A;_`#9246K"4)X*4%.6+0E">"E!24M"4)X*4%)2T)0G@I04
ME+0F(4H*8@I*;/\`@?DDE_@?DD@N_@__U?54DDDE*22224I))))2DDDDE*22
M224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2
MDDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*222
M24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))2DDDDE*4+?H%34+/H%)3723PE"<L623PE"2EDD\)0DI9)
M/"4)*623PE"2D_\`@ODDE_@_DDFKG__6]522224I))))2DDDDE*22224I)))
M)2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*2
M2224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))
M2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22
M224I))))2DDDDE*22224I1L^@5)1?]$I*00E"DDBM8PE"DDDIC"4*222F,)0
MI))*8PE"DDDI+_@_DDE^9\DD$O\`_]?U5))))2DDDDE*22224I))))2DDDDE
M*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))
M))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*
M22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I)))
M)2DDDDE*22224I))))2E%_T2I)G<)*0PGA.DC:%H2A.DE:EH2A.DE:EH2A.D
ME:EH305)))3/\SY))?F_))!+_]#U5))))2DDDDE*22224I))))2DDDDE*222
M24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*2222
M4I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DD
MDDE*22224I))))2DSN$Z8\)*1I*22**8I*222J8I*222J8I*222J8I*29)5,
M_P`U)+LD@E__T?54DDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224
MI))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDD
MDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I
M))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDD
ME*3'A.F*2EH2A.DDI:$H3I)*6A*$Z22EH2A.DDI:$H3I)*5V22224__2]522
M224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2
MDDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*222
M24I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2D
MDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2R2=))2R2=)
M)2R2=))2R2=))2R2=))2DDDDE/\`_]/U5))))2DDDDE*22224I))))2DDDDE
M*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))
M))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*
M22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I)))
M)2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE*22224I))))2DDDDE/_
MU/54E\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JD
ME\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI
M)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?J
MI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*
MJ22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22G
MZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27
MRJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDD
1I^JDE\JI)*?JI)?*J22G_]D_
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
