<SEC-DOCUMENT>0000950123-11-029013.txt : 20110325
<SEC-HEADER>0000950123-11-029013.hdr.sgml : 20110325
<ACCEPTANCE-DATETIME>20110325104105
ACCESSION NUMBER:		0000950123-11-029013
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110321
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110325
DATE AS OF CHANGE:		20110325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARCHER DANIELS MIDLAND CO
		CENTRAL INDEX KEY:			0000007084
		STANDARD INDUSTRIAL CLASSIFICATION:	FATS & OILS [2070]
		IRS NUMBER:				410129150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00044
		FILM NUMBER:		11711246

	BUSINESS ADDRESS:	
		STREET 1:		4666 FARIES PKWY
		CITY:			DECATUR
		STATE:			IL
		ZIP:			62526
		BUSINESS PHONE:		2174244798

	MAIL ADDRESS:	
		STREET 1:		4666 FARIES PKWY
		CITY:			DECATUR
		STATE:			IL
		ZIP:			62526
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c63701e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D. C. 20549</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>
<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>


<!-- xbrl,dc -->

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Date of Report (Date of earliest event reported): March&nbsp;21, 2011</B>
</DIV>

<!-- /xbrl,dc -->

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><IMG src="c63701c6370100.gif" alt="(ADM LOGO)">
</DIV>
<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ARCHER-DANIELS-MIDLAND COMPANY</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-44</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>41-0129150</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>4666 Faries Parkway</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Decatur, Illinois</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>62526</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">Registrant&#146;s telephone number, including area code: (<B>217) 424-5200</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 (<I>see </I>General
Instruction A.2. below):
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!--TOC-->
<!--/TOC-->




<!-- link1 "Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">
<DIV style="margin-left:57px; text-indent:-57px"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</DIV></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;21, 2011, Archer Daniels Midland Company (&#147;ADM&#148;) announced that Juan R. Luciano, age
49, has been appointed Executive Vice President and Chief Operating Officer of ADM, effective April
12, 2011. Mr.&nbsp;Luciano joins ADM from The Dow Chemical Company (&#147;Dow&#148;), where he has worked since
1985. In February&nbsp;2006, Mr.&nbsp;Luciano was named Global Business Vice President Olefins and Aromatics
in Dow&#146;s Hydrocarbons and Energy business, and in 2007, he was named Business Group President for
Dow&#146;s Hydrocarbons and Energy Business. Mr.&nbsp;Luciano served as the Senior Vice President of
Hydrocarbons &#038; Energy, Basic Plastics and Joint Ventures for Dow beginning in December&nbsp;2008. Since
August&nbsp;2010, he has been Dow&#146;s Executive Vice President and President of the Performance Division.
None of ADM&#146;s current directors or executive officers has a family relationship with Mr.&nbsp;Luciano.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Luciano does not have a written employment agreement. He will receive a base salary, as
well as grants of restricted shares and performance share units with an aggregate grant date value
of $9,000,000 upon commencement of his employment. These grants will be made under ADM&#146;s
previously-filed form of Restricted Stock Agreement and the form of Performance Share Unit Award
Agreement (March&nbsp;2011) attached as Exhibit&nbsp;10.1 to this report, respectively. Mr.&nbsp;Luciano is also
eligible to participate in the incentive plans available to other executive officers, as described
in ADM&#146;s Definitive Proxy Statement for the Annual Meeting of Stockholders held on November&nbsp;4,
2010.
</DIV>
<!-- link1 "Item&nbsp;9.01. Financial Statements and Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Exhibits
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following exhibits are filed or furnished herewith:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">10.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Form of Performance Share Unit Award Agreement (March&nbsp;2011)</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="53%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ARCHER-DANIELS-MIDLAND COMPANY<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: March 25, 2011&nbsp;</TD>
    <TD>By </TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">      /s/ David J. Smith
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD align="left">&nbsp;</TD>    <TD align="left">&nbsp;</TD>
    <TD colspan="1" align="left">David J. Smith&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD align="left">&nbsp;</TD>    <TD align="left">&nbsp;</TD>
    <TD colspan="1" align="left" nowrap>Executive Vice President, Secretary and General Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBIT INDEX" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Method of filing</B></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Performance Share Unit Award Agreement (March&nbsp;2011)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" nowrap>Filed electronically</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c63701exv10w1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;10.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Archer-Daniels-Midland Company<BR>
2009 Incentive Compensation Plan</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Performance Share Unit Award Agreement</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Performance Share Unit Award Agreement (the &#147;Agreement&#148;), is made and entered into as of
*&#091;grant date&#093; (the &#147;Date of Grant&#148;), by and between Archer-Daniels-Midland Company, a Delaware
corporation (the &#147;Company&#148;), and &#171;First&#95;Name&#187; &#171;Last&#95;Name&#187;, an employee of the Company (the
&#147;Grantee&#148;). This Agreement is pursuant to the terms of the Company&#146;s 2009 Incentive Compensation
Plan (the &#147;Plan&#148;). The applicable terms of the Plan are incorporated herein by reference,
including the definitions of capitalized terms contained in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;1</U>. <U>Performance Share Unit Award</U>. The Company hereby grants to the
Grantee, on the terms and conditions hereinafter set forth, an Award of &#171;ResAmount&#187; Performance
Share Units (the &#147;Units&#148;), such Units representing the right to receive, following vesting of the
Units, such number of shares of the Company&#146;s common stock as may be determined in accordance with
Section&nbsp;4 of this Agreement, but in no event a total number of Shares greater than 150% of the
number of Units. The Units granted to the Grantee shall be credited to an account in the Grantee&#146;s
name. This account shall be a record of book-keeping entries only and shall be utilized solely as
a device for the measurement and determination of the number of Shares to be granted to or in
respect of the Grantee pursuant to this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;2</U>. <U>Rights of Grantee</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>No Shareholder Rights</U>. The Units granted pursuant to this Award do not entitle
Grantee to any rights of a shareholder of the Company&#146;s common stock. The Grantee&#146;s rights with
respect to the Units shall remain forfeitable at all times by the Grantee until satisfaction of the
vesting conditions set forth in Section&nbsp;3 of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Restrictions on Transfer</U>. The Grantee shall not be entitled to transfer, sell,
pledge, alienate, hypothecate or assign the Units or this Award, except that in the event of the
Grantee&#146;s death, the Grantee&#146;s designated beneficiary or estate shall be entitled to receive the
Shares issuable in settlement of earned and vested Units. Any attempt to otherwise transfer the
Units or this Award shall be void. All rights with respect to the Units and this Award shall be
available only to the Grantee during his or her lifetime, and thereafter to the Grantee&#146;s
designated beneficiary or estate.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;3</U>. <U>Vesting of Units</U>. Subject to the provisions of Sections&nbsp;6 and 7
hereof, the Units granted hereunder (and the Grantee&#146;s right to receive Shares in settlement of the
Units pursuant to this Award) shall vest on the earliest to occur of the following (the &#147;Vesting
Date&#148;): (i)&nbsp;October&nbsp;1, 2014; (ii)&nbsp;upon the occurrence of a Change in Control of the Company (as
defined in the Plan after giving effect to the proviso regarding Code Section&nbsp;409A at the end of
that definition); or (iii)&nbsp;upon the death of the Grantee. Any outstanding Units granted hereunder
that do not vest on the Vesting Date shall be forfeited.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;4</U>. <U>Number of Shares to be Received</U>. The number of Shares that the
Grantee will be entitled to receive in settlement of the vested Units following the Vesting Date
will be determined as follows, subject to an overall limitation on such number of Shares equal to
150% of the number of vested Units:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Annual Share Settlement Amount</U>. Each fiscal year of the Company occurring during
the period July&nbsp;1, 2011 to June&nbsp;30, 2014 will be considered a &#147;Performance Period&#148; for purposes of
this Agreement. As soon as practicable following the end of each Performance Period, the number of
Shares issuable in settlement of one-third of the number of Units subject to this Agreement (the
&#147;Annual Share Settlement Amount&#148;) will be determined by the Committee by multiplying one-third of
the number of Units by the Company Performance Factor (described in Section 4(b) below) for that
Performance Period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Company Performance Factor</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;The Company Performance Factor for each Performance Period is a percentage multiplier,
calculated to two decimal places, determined by the Committee for purposes of calculating payouts
under the Company&#146;s annual cash incentive program for performance that occurred during the
applicable Performance Period. As an example, the determination of the Company Performance Factor
for the annual cash incentive program for fiscal 2010 is described on pages 20-22 of the Company&#146;s
Proxy Statement for its annual meeting of stockholders held on November&nbsp;4, 2010. The manner of
determining the Company Performance Factor for each Performance Period for purposes of this Section
4 shall be established by the Committee no later than 90&nbsp;days after the commencement of each
Performance Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;The Committee retains complete discretion to modify, from one year to the next, the manner
in which it calculates payouts under the Company&#146;s annual cash incentive program, which may include
changes in the way the Company Performance Factor is calculated (such as changes in the number,
nature and weighting of financial and operational metrics upon which applicable performance goals
are based, or changes in the level of achievement required to satisfy any applicable performance
goal) and the use of a multiplier other than the Company Performance Factor. Any changes from one
Performance Period to the next in the way the Company Performance Factor is calculated for a
Performance Period for purposes of the annual cash incentive program shall equally apply to
calculations affecting this Award under this Section&nbsp;4. If the Committee makes other changes in
the manner in which it calculates payouts under the Company&#146;s annual cash incentive program that
will affect any Performance Period, then the Committee shall adapt the calculation methodology used
under the annual cash incentive program as may be necessary to enable it to derive a Company
Performance Factor for such Performance Period that may equitably be utilized for purposes of
calculations under this Section&nbsp;4. Any such adaptations and derivations made by the Committee
pursuant to this Section&nbsp;4(b)(2) shall be final, binding and conclusive for all purposes hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Additional Share Settlement Amount</U>. If the Units vest pursuant to clause (ii)&nbsp;or
clause (iii)&nbsp;of Section&nbsp;3 of this Agreement, then to the extent that the number of Units that vest on the applicable Vesting Date exceeds the number of Units for which Annual Share Settlement
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
Amounts have previously been determined in accordance with Section 4(a) above, the number of Shares
issuable in settlement of Units for which no Annual Share Settlement Amounts have been calculated
(the &#147;Undetermined Units&#148;) will be determined by multiplying such number of Undetermined Units by
the average of the Company Performance Factors previously determined by the Committee for
Performance Periods completed prior to the applicable Vesting Date. If the Committee has not
determined the Annual Share Settlement Amount for any Performance Period prior to the applicable
Vesting Date, then the number of Shares issuable in settlement of the Undetermined Units shall be
equal to the number of Undetermined Units. Any Share settlement amount determined pursuant to
this Section 4(c) for Undetermined Units shall be referred to as the &#147;Additional Share Settlement
Amount.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;5</U>. <U>Settlement of Units</U>. After any Units vest in accordance with
Section&nbsp;3 of this Agreement, the Company shall cause to be issued to the Grantee, or to the
Grantee&#146;s designated beneficiary or estate in the event of Grantee&#146;s death, Shares in payment and
settlement of such vested Units in an amount equal to the lesser of (i)&nbsp;the sum of all Annual Share
Settlement Amounts and any Additional Share Settlement Amount determined in accordance with Section
4, or (ii)&nbsp;150% of the number of vested Units. Except for vesting as a result of Grantee&#146;s death
or a Change in Control of the Company, such issuance shall follow certification by the Committee of
the calculation of the final Annual Share Settlement Amount, and shall occur on or before the later
of (i)&nbsp;the end of the calendar year in which the Vesting Date occurs, or (ii)&nbsp;the 15th day of the
third calendar month after the Vesting Date, and the Grantee shall have no power to affect the
timing of such issuance. If vesting occurs as a result of Grantee&#146;s death, such issuance shall
occur within 90&nbsp;days of the date of Grantee&#146;s death, and if vesting occurs as a result of a Change
in Control, such issuance shall occur as of the date of the Change in Control. Such issuance shall
be evidenced by a stock certificate or appropriate entry on the books of the Company or a duly
authorized transfer agent of the Company, shall be subject to the tax withholding provisions of
Section&nbsp;8, and shall be in complete settlement and satisfaction of such vested Units. If the
ownership of or issuance of Shares to the Grantee as provided herein is not feasible due to
applicable exchange controls, securities or tax laws or other provisions of applicable law, as
determined by the Committee in its sole discretion, the Grantee or his legal representative shall
receive cash proceeds in an amount equal to the Fair Market Value (as of the Vesting Date) of the
Shares otherwise issuable to Grantee, net of any amount required to satisfy withholding tax
obligations as provided in Section&nbsp;8.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;6</U>. <U>Effect of Termination of Service</U>. If the Grantee&#146;s service as an
Employee ceases prior to the Vesting Date other than as a result of the Grantee&#146;s Retirement or
Disability, the Grantee shall forfeit the Units. If such termination of service is a result of
Grantee&#146;s Retirement or Disability, then subject to the forfeiture and recovery conditions of
Section&nbsp;7, Grantee&#146;s right to receive Shares pursuant to this Award shall continue to vest in
accordance with Section&nbsp;3.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;7</U>. <U>Forfeiture and Recovery Conditions</U>. Notwithstanding the foregoing,
in the event of termination of Grantee&#146;s service as an Employee for &#147;cause&#148; (as defined below), the
breach of any non-competition or confidentiality restrictions applicable to the Grantee, or the
Grantee&#146;s participation in an activity that is deemed by the Company to be
detrimental to the Company (including, without limitation, criminal activity or accepting
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">employment with a competitor of the Company), (i)&nbsp;the Grantee&#146;s right to receive an award of Units
or an issuance of Shares in settlement of Units shall immediately terminate, (ii)&nbsp;any unvested
Units held by the Grantee shall be forfeited, and (iii)&nbsp;if Shares have been issued (or the cash
value thereof paid) after the Vesting Date, then either (A)&nbsp;the Shares so issued shall be forfeited
and returned to the Company, or (B)&nbsp;the Grantee shall be required to pay to the Company in cash an
amount equal to the Fair Market Value of such Shares as of the Vesting Date.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes hereof, &#147;cause&#148; shall have the meaning specified in such Grantee&#146;s employment
agreement with the Company, or, in the case of a Grantee who is not employed pursuant to an
employment agreement, &#147;cause&#148; shall mean any of the following acts by the Grantee: (i)
embezzlement or misappropriation of corporate funds, (ii)&nbsp;any acts resulting in a conviction for,
or plea of guilty or <U>nolo</U> <U>contendere</U> to, a charge of commission of a felony, (iii)
misconduct resulting in injury to the Company or any subsidiary, (iv)&nbsp;activities harmful to the
reputation of the Company or any subsidiary, (v)&nbsp;a violation of Company or subsidiary operating
guidelines or policies, (vi)&nbsp;willful refusal to perform, or substantial disregard of, the duties
properly assigned to the Grantee, or (vi)&nbsp;a violation of any contractual, statutory or common law
duty of loyalty to the Company or any subsidiary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Award shall also be subject to any compensation recovery policy adopted by the Board or
the Committee in response to the requirements of Section&nbsp;10D of the Exchange Act, and any
incentive-based compensation associated with this Award may be recovered by the Company pursuant to
such policy under the circumstances and to the extent required by Section&nbsp;10D of the Exchange Act
and the rules promulgated by the Securities and Exchange Commission and the New York Stock Exchange
thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;8</U>. <U>Withholding of Taxes</U>. The Grantee shall pay to the Company any
required withholding taxes upon any event in connection with this Award, such as the issuance of
Shares in settlement of the Units, that the Company determines may result in any domestic or
foreign tax withholding obligation, and the delivery of such Shares shall be conditioned upon the
prior payment by the Grantee, or the establishment of arrangements satisfactory to the Company for
the payment by the Grantee, of such withholding tax obligation. The Company may permit the Grantee
to satisfy all or any part of such withholding tax obligations (up to the Grantee&#146;s minimum
required tax withholding rate) by having the Company withhold Shares otherwise payable in
settlement of Units having a Fair Market Value on the date the tax is to be determined equal to the
amount of such withholding tax obligations.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;9</U>. <U>Securities Law Compliance</U>. No Shares shall be delivered upon the
vesting and settlement of any Units unless and until the Company and/or the Grantee shall have
complied with all applicable federal, state or foreign registration, listing and/or qualification
requirements and all other requirements of law or of any regulatory agencies having jurisdiction,
unless the Committee has received evidence satisfactory to it that Grantee may acquire such shares
pursuant to an exemption from registration under the applicable securities laws. Any determination
in this connection by the Committee shall be final, binding, and conclusive. The
Company reserves the right to legend any Share certificate or book entry, conditioning sales
of such Shares upon compliance with applicable federal and state securities laws and regulations.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;10</U>. <U>No Rights as Employee or Consultant</U>. Nothing in this Agreement or
this Award shall confer upon the Grantee any right to continue as an Employee or consultant of the
Company or any Subsidiary or Affiliate, or to interfere in any way with the right of the Company or
any Subsidiary or Affiliate to terminate the Grantee&#146;s service at any time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;11</U>. <U>Adjustments</U>. If at any time while this Award is outstanding, the
number of outstanding Shares is changed by reason of a reorganization, recapitalization, stock
split or any of the other events described in Section&nbsp;4.3 of the Plan, the number of Units and the
number and kind of securities that may be issued in respect of such Units shall be adjusted in
accordance with the provisions of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;12</U>. <U>Notices</U>. Any notice hereunder by the Grantee shall be given to
the Company in writing and such notice shall be deemed duly given only upon receipt thereof by the
Secretary of the Company at the Company&#146;s office at 4666 Faries Parkway, Decatur, Illinois 62526,
or at such other address as the Company may designate by notice to the Grantee. Any notice
hereunder by the Company shall be given to the Grantee in writing and such notice shall be deemed
duly given only upon receipt thereof at such address as the Grantee may have on file with the
Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;13</U>. <U>Construction</U>. The construction of this Agreement is vested in the
Committee, and the Committee&#146;s construction shall be final and conclusive.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Section&nbsp;14</U>. <U>Governing Law</U>. This Agreement shall be construed and enforced in
accordance with the laws of the State of Illinois, without giving effect to the choice of law
principles thereof.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Archer-Daniels-Midland Company</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P.
A. Woertz
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman, President &#038; Chief</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">GRANTEE</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c63701c6370100.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c63701c6370100.gif
M1TE&.#EA5@!E`.8``+/1L(Z'K0P%5BQI-.GUZ%=1A=G9Y)"WD/___.KJ\VYH
ME=CJV3,K:J:CN$^(4QUH)?G\^?W^]$Y(@`X%8_+Y\_[\_<;%VKFWSVB8;/'R
M]OGY^H%YG_S]_,;DQ?7Y^?K\_/WZ_/SY^N+B[:NGP[_:QW.C<_#X[?3U^;FS
MQL'1O&%8E,C;R,&\U.SU\.#=Y_K\]=W@Z4E\2WAQG_[^^L?7TOW^_/KT^>/I
MZ_W^_OO]^M;4X!Q<(^OJ[I/!E*:?S$=`<YR5M14-53=M/?W]\?[^]PL$3!L3
M6'VH@/S^^BHC8?W\^A401O[]_?GY]K*LR?S\^./PY_C\\_C[^\W,X-OPV",<
M6N[N]/W\_=#ISB`69")@*_S]]EF37]+*W.?F[_[]]_;Y\;"NPX2OA1$*2AI6
M(/GU]N'MX-#BT1T63\/"N>/AYT8]@2@?-CQ_1^GOZ_WZ]SQW0*">O_WY\:;*
MI&..8KK<NI^^HQMB(F%<AJVIS+.RT3TU<?_^_O[^_@T%7/___R'Y!```````
M+`````!6`&4```?_@'^"@X2%AH>(@GR+?7TU6Q%$"(*-B9:7F)F7.'V""`B+
M?'T?5FH:-9^:JJNLAS@XGT1$2B!,'A=[20$)4CE?,Q6MPL.)K[%?-1I60$%%
M`D$J7A1;6V_$U]B<GS-,&EX*2WX3$WY%/U-@+U_8[,+:"'T@+@5C`N3DY0P7
M&1SM_JHU4"%@T@7/&'$"!#@3X$<`@S@9_DG\PX%##B0SD#3B4Z'"C">W]C!L
MZ*>D28599)RHP:W"JSZ+)K+*03/@BX`UE(10XF%$$GL-[8TKF;"<'P4)."AY
M4Z.B19FKB,RHT>E/SAE*.%@)@(8A/J%$BY8T9\!#CAD5/T"`JDIJ3$<?_S48
M4'`07\D)8D\FG%!D3Y@34FNH9:L)5$R:'SX4K(=P)%]G=X,"=0@$A]1*A"_Q
M8<)Y1H0M'S2PV%-O9$+3ITV&+5(R2``>'_K,X/2'2=7,A#A64/)DBQ0//JJ<
MSAM4W$FB19:L63-N3`$O'Y10ZL,$=R'=3#A\2!`@R.2B0Q6J'CN&@0(67N)D
MP5M$@@4-G?IPN&(]=P4F3Z3,#3)>[->1#64A`1`T0'$&%%,P8)P`>XS01&V<
MU4<($5N\H$,!082GEU?A%5%%`4[```4`1\`!P`T_..9'%@TT@0-AGWQ"G6VB
MO-&$!2)M2-Q0'FY@@1M8],#%`%J0(08%>'SG!_\:&V3PP16VO?+!)S'%F(HJ
M5O8!Y14?/)%!'E44,11)>XE#3A%]!>!""QT<`(<6=\2Y`Q<4;"!F<>4H8,`'
M'(30%`>&\?&'E9.L$DH?%7`I!0]<J:C:/>0$L0<0+D!!`@9"['#'`W'&*40+
M0"C9D#DLU("$4YP).BB5JFJR"&?9<>`!#`H8@="C8_IAQ!H!W&`&`$-J^L"P
MFW(Z`!5.+`B@0DF@<`('3$#)!!^IA-)J)IMUM@4$!N"185CC$<5```9`,<>0
M<0[+J18#=*H%%A:L5YQC`B0!A`9,S$!MC']8NPIUO'%PHTC_,60PFE4$H(,;
MP+;+J9P#.-!##P-PND/_'3HP0$Y1X.'EFA<AY+!%%"\\T>\B,_S[!$TGY,$`
M:WI%5@0:"DS!)@8#[*#N#CL(44(=;GC0@1"<D@&``6N`^VA#8ZC@`LDD][,(
M`D2LPL$3$&Q5A;(=%S'&&BP8B'.ZQDI\A@DAV%`!%3$,2\8<(A0`[L:H,:C#
M;S2=C$`$JHCR@0L*\*>A<0W9>P,6;FJA\P/L<F&'&2^\`,$'MA'@@,YW''"#
M`DHK;3`#3ISP00Z*4-TW'_/P)YEJ]A3`0@L`..!PV7.8T00$6WR1504A4(`!
MYF)`L0&X*G:=Q`@9Y##)U(90]6J^->3@@05KB&F7F0JA02D61\R^@Q9T```%
M_Y\X7(45$TI$(8:F=Y1@1@"FA3L>7D8$8`4$D0`3RB#.;S8#`LEHP,ONLC'D
M@"T#L1/6`W;@@#D0P`,?J,$50(`#]"E!/C7XP@$ZA8$%A`H?UPL7/J"1@"@T
M(2?[\T2A`"B%##0J*"!LR!)4(`(H=$]86FA##Q9@EL0H)2O1(QWED#`'8G%A
M`0T`"N'D1Y0SG:,B2##$#/X'P`_<0`9C&).*/-2K,]!!"P\3@AC.0`$I?*""
M%4#`%/E0`PA```>QJ0$`*G8'!YPA#$H,87^\DH]]K(5?_I,%!VA5CW$4<!P"
MJ`(0;E"'&(#Q#N!+`0$TH!TS5@`$%6@C"*('@6@Q(?\'=:!C#,Z`@CPRD2@$
M;`@#PO"!/\@B91R9`1%>X`45,,:0)L%+%4;@ACG``7-".``!TJ8!),"*,YC<
MB0D(`(4FW`<''6A#G$99RAB><G[,R@,(7A")?GED!A[8@'<:8A>#5<$'+>B!
M$.3$A3J``5HA@(!&.'.%BH"@#`3HP!'H0`,E9`<+TKS#*"]PIR7*CVX<*D(2
M$C`#2/0+!)LTP$\*AI`L`*$%=H#3`P8@!C.XD0,XV,U4T!C/?.*L9RE@`@Z0
M`-!IGH$%ICSE?\R$%QF$@`A\^P-$/Q"`@C($,@*H'Q3LT"XM",&!M=`.Y=+8
M%!R`@`(=*,$`R."I%'"@#UO_H((#7$I0:S(Q5[GT0Q+4($M*?$`*<J,;GA0`
M@SJL4Z``H$`(0G`%'%RA([:A3A]@%P/V<<H!*WA#^K3JTFI&YIJ&U.(SNO"$
MJEFE!E+8PYWV<B8&N*`#EV/@"B``K3Z\B!-,>!((/K``,51L6$8]0`?`8)L9
M:)53HW1"_*Z)JS&-@07R_(-\<O""`DR6CT%P@AM^MX-1KN40`&O"`KB@T1T,
MH`0=,($'*M`(!!"VC@L8P6QI&U9#!F$*N=6M=H#@4W$4004\.$#.'-`!"M3@
M.J%@0A0:Z2XN`"`#&H"`$J@KF^O2P0RA0B5W#>F8"3#`"^'%3PYT()Q<!I4%
M9I"F_Q#J$(4H]*%0)X/5"S"[*4@>X0Q2@"CZ*.B(U^[`??`3,&T)?)(-Y!>6
M^4)".(W`(0$4@`(]N,,`>N`!$%P!%8J`%0*V@%G,#>``:`N!;2"0@U&4C[`[
M.((;-K#=%7?HP"*KFO^FF`"Z""4(<:`"'!Y0`@*`@`\@&&EM=O.$*&!AJW$R
M$06F.`,^,;D/4L#!$P#Z`#)HCG-XNF;'F!4&5\JB=+*L@0@4@"8#ZZ`..>S`
M!T#``8_4``>;J4`.P$`%.FQJ!VU8@5R54"$F_"D[5Y@!GW<`MP)\A;NIX0L#
M4-!*-19J:FJ$``\V8(0B%,`-ZQ-#"Y*:R4MSA`D0@((8X/_$P#KT.`1I?L%]
MJ).H"B"A`V.^F`'V\&K:#J<O7?!`/ZZD")01P4L!J((,H""[%91AD]3A@+$[
M0H$YM&L'<*@#!6@!@D;L]S[`N.L,4E"Q'<!+7B3A[J@*,(7HO"&%@F`"7H=`
M\3>$`05F@`,7I'`%*4BA`A]``A)JP!$^+*"O#\@W!=X@/8Y?<EHTP?.%YP#&
M8^E!B0!BXDB@X:0FO,$&$#\9(U!!'0TLX,@]?J9LFC)I`I1`4T)(@0>HTHB-
MB((E-`DI&#;X@!B8@+S%P658:HR&`&2@ZIL)>B*L*`0`A-@V@C@?",!@;TC.
M@0)5/X0:D9`#CIB@!)LJ`0448+#_G,<,(570PPF4-PP.0"$&-."XJD3!!(@N
MP`&*$P,!J'X;0C@""9UD@@D\K843I0A/A@?0#UC@`=QAF!4UR``_)4^)CE0`
M#*:]PQ$YT7E"5-#4E'-MVP:`!18D05EC;TP0UG`WD44`PZ_'1!\H(`8:?*`"
MD^]("+"P3CAT(`?4+<9]!(.`^58L!BT0IV+5VAH9>`$$O1G"\P<1?4M0YP,I
M2$%L5.74)OS=N7/0!"&`&8=0`]/&`3-@`CV@!5IP`!E0/8IE)D2Q!'F0`9W$
M$N0V**L06FZP`OLG""'5!!V0,V56!J;6>X10`WDE&P3`!<ZU`##0:X138'B1
M!'K@`5M`_P33<BV>T#>)\@%N0!6#P`$@X'1DX`!8,%<U\`0H.`@SX%F<\`7<
M1P8;UU,)IQ<3L'PZT`11\!G3T@@O<3(^>$G'-80S,():T`,4D"CHPX.$\(05
MP01;0'-'9@5K8`\YMS%!@`=3P`'<I#NZY5F)P0F;X8/]=D&WX8<'<(0>Y7%,
M\'"),!6)P01@X()(R`*V@A<`@D@R(`(Y*'$>\0<X8!$T<56%J`I@N%05\00V
MT`$Q,```,`.8!!.B((JO\`J>,`1$P"?XES,]8`6^)8$`P@9`8`.41BB($!.L
M,(J(8FHOT`0+B`%0L%_38A7Q`88O(@A#D`-,T#LE<(0+P`*:Z/\,B.0A+&`#
MT*9"]4<,HO`*Q]8'.=""[Q(%W%"-0H@(,S!!'D`"C$,"!B`!HT)9[6$!$#5!
M@,(O[;`95G=L.4`"<%`")O"$_=((]V@(U`$"4K``OR,&;M`=JX,7*C`%4G!5
MMG&0ZS@,'&%UB,(!45`B%*8$L:%;0):,$-4"!_``#@`%%J`@D%$28X`4'[`%
M6*$$1(F0"9E7V:($\>@`&$``.3`YTQ(]%5`1V=B-U-5&]38`Z.<"!%-X2P`1
MU-`'4F%K1LD.C``3&`0!*Q!UK0=!4:D4@^A-U&41!.!6=+``7B`!UE-980`&
M42`)3#"6T)>!UZ",5@$!'K!/!#`YE)/_5RQ!/KJE4A`@!?46`T>P`/,`%.-0
M!'A@`6!`(?5(18-YDJUPC;7A`>QF!Y0&3]6Q=""%EG!$`0M@!W2@.190`#6V
MAS#@`2_`#9AT!66Y#?[`>Z#E`2L0`V;`BVD3#+*A$2<#C\9Y`&*`!4T@0$*!
M#S)@!;_!`SQ@!<8(!GIG.L-)%<AFDV*09O"P/[$0`?HB"@20`C30`AE@`2IP
MG;IT+YQP`BC0F3ZB`)9`F+%`FH:``"+'#3F0`26P`A@XH&J4*C@`!F!P`GJ@
M`EFPE[)V`1H@%5#"*!F@`@$@`_]9?V5Y"02*$9ED0V[`!.2FC-DB"DCP`AX`
M!&@`,]CS`P:@_P$A\#\JN`QJ``0!$`?_F1MNB`F+$!`(<!]0D`(44(V#8)B$
M\*)2X`4;L#5$`0TZ\`1?\`;581M/H`8GP`-JP`.GTPK'!HI70`$M<'U#JD*#
M@!@GT``56@308`4<0'%R<`5Z11%$^07K(`R$20B<4774!25)!5),&B-"V5!2
M87N9)$LOT`4_P``-<`+EHT9HT607V1&8E`G;\`54\S_J\%X6J5=B*15*(".$
MJ"K;,$5/\*F@V!FRX"56T!N24*0Y*!58\02H4!V8\`E;H$;*TV_V1QU7L#)/
M`$1-JJH`=$%*\&-5-R,5X4]]P!N18!BN))1$<!%\]Q2]"D#P0$]7@/^GR-4(
MW7`"YGH"\-&$\9`V-F`#Y_JN-J`!4(*`L@`*@R`?%?&NYJH*=-6N[9H!`Y@(
M\Y$&&U"P&]`%PJJ!N<$H!MNP!@L$#?`CLI`JM7=)R]"P3J`*3+`5!BL#""L(
M.7!I;90#<D`$&9!6)8%>6Z`3378E..`"XZ2)2E2E6:`">L`+3Q`!$>!/ER0"
M$C`21<``'A`%G!4,8EB2.1`%'I`'"I$01>`#51&RGI5E;X`"JH,768`"%2$?
M%U8H+RLX09`$8CNV26`$2U`4DM(`;I`#.A%22N"S>,@:#2`%G$4?8@@331$%
M-W"')/&T42NJ-1`!+Y`!>.`,29`%#8$'=%K_/ET+@C`K#GMP`18PN9/+`GD0
M`!1Z&DQB!4HH<7#+'G[P`SP0!4U6"+$QK5%P`;8"M%`+LO]#+1%P(VA0$A\J
M)DG``M#RA"[[N*&;`+'A8]I1$1F@`PJ`N`(P!AN0`#?EN3^[(MX1!'I`,J(Z
MA'=U!1H@-P(@+WXK""S!#:XT>/;```9@`6A`#@H@!;*!D%];$C^0%/Z$@%,4
M`95W`G&0!.,0!$#`!!%@@#[K#!+@6Q-0`$.[!:9;`R"@`5,@#M!P)JW[!YY1
MCQ\P!?P1!"[F`6EE!`:``TJP+XZK.NT+6JI:-40P!&`P`M^R!SK`GB``MP*@
M`G&0(44@DB]0"+T`_P(9(`,-X<(,7!7U&BTG(`.LD00$"0%.`,,RH`%GMKL>
MG!0*:0Q$(!N_8`4JT!H!<!-]P,(,)S=%L`%60#J$@(!*8`''][1ZL,."(`GR
M<04)DA!(P1M>(!(.80!XJL3BT+X(V(ZP0`1.M1M74,0-(0$#P018+`(-P!H,
M8`%30G\XL`4YD&))X`5E7`X-O+-\$D[V$`0L`'_:T1T*$0#]1L>]BP1N80P`
MU(V4)@(_L2(9L!L^6Q(%(`)6,,8;(`70I[]<60Z>',G;NS=/D!@PD"-K<`)?
M\`0JE3&%DP"-*XJ/.P'M*TOZ0G];($%*`*,Y$@0Z``)O"Y!^@`<W\`%`4/\2
M>Z`&T%<!0]`=$Y`$!A`"%V#&6I([8*!^P;4E2F$#PT,.`5`&2(``(?L!,+#$
M+*&B0@A9G(!35S#%69@&*HC%-\`$$B4.&Q`!7U!Y?!`!&<"3,N"7>C`6K8LH
M1*D&"B(`:Z`&$$``9[`"*P`%QM<0:V``\A0]_#Q.[;NK`-0)@J&"GJ$!]>D'
M08#0'*#0W4!X?L``9=`2R*8'K+$$.C!+NMRZ')$5#5`/11``)U`')1`#0O"0
M-*`"S@!F:K$%O=S/#!'3`S'3@T*2^2(%S1L$*<`'/?VS-K;05V``-"8`*+"$
M.9$!VEP`&A`!3[#454&4/)`C52`"1$55ZV('>@#_U3\@`DF[BS`;U@D@TT*(
M`*!E&U;P,MEK!H[@TQ4@!84K`#]P/UB!B7Y0!6$@EA"0T9(<'Y*3!UDD``JP
M`$2C+AME>F)B!#X``2\P!!SPV+TKV9VP/(PP!5W1%V^D:'?XUA(G!7JP-4%@
M`213T*[L!@[<U^P,`6YP>D*,!7!P!SM`!D;E0"$`!*\M`1:X!;WMSP,Q%<$M
MEH)[`L.C$#)`%6V=$`6PT,AF!4EB8R?`+0K<`%'P37ZM6U)P`:^-!QE@`@!0
M`G2``3T072_PM@KB!TO``E(P%;PKUIIV:?D""2^@`?&B2J4B'SXM&Q[PPA0^
M!1E`97X@`0:P!1[!`0/>_P=2S!I!,`)7(`=@P$P$8`(E0Y0?8"?EH`)6P!*/
M"]J1O=XJB(!N!`%3@)ORG0'T7>(P:0`I$M53L`?E$`<XF&8RKM&=P`07@+@M
M+@*81,Z\]8QX.@,Y8`#"401&8`&!>>1B;6HYP`EUE@%Z(%D*X>(!0>)N?=_9
MH02_$0<)L0=:O21>T&1IE@.JO;TG0'CC<"_<>`475"&(*051\`4>L-_G9<O\
M@>2[&CU]\`1N$`88@A![4!9#,.6!OM`0P'0WD`7+4L41P#ML_NA0&P(LH#%!
M[05$EZ=51W5,@`)5,`Y&()(PD$43D`5K(`'0#NUKP`#K<29+H`!J<$9_\@&M
MW/#"7C`$\;')UUD%!A`%0X!)0Q`%&<T7/O`!91`XQQL`$30(M.%YCL`#N%D.
M3;+,*L8Z88L'R)-E>BP8_>MKWTX)VJ$#QY<GBR=M(#`$+W!S:!('O;T':(`&
M#*`#J>:U3<@!&A`'59`%:&"C+L``:)`%59#R1H`&1E`%2<``:X`'`<`""=`$
M6::SK]#3>'#Q>.`%CN4('/##%X\&B$P3E[2-%U`%:+`$(^#N.O#T-YHO'&_O
M5%$#+6``6.\"^`7U6-_U6`\#-\`#)\`E'^`9$2!_3X"G<*0&!N`":A`"?6JI
3I-#UK<<!')%J!XKU.G!V@0``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
