<SEC-DOCUMENT>0001193125-12-055286.txt : 20120213
<SEC-HEADER>0001193125-12-055286.hdr.sgml : 20120213
<ACCEPTANCE-DATETIME>20120213122011
ACCESSION NUMBER:		0001193125-12-055286
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20120213
DATE AS OF CHANGE:		20120213

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:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-178719
		FILM NUMBER:		12596804

	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>424B3
<SEQUENCE>1
<FILENAME>d294254d424b3.htm
<DESCRIPTION>DEFINITIVE PROSPECTUS
<TEXT>
<HTML><HEAD>
<TITLE>Definitive Prospectus</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P>&nbsp;</P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Filed pursuant to Rule 424(b)(3)<BR>Registration No: 333-178719
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PROSPECTUS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>ARCHER-DANIELS-MIDLAND&nbsp;COMPANY </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">


<IMG SRC="g294254g02a60.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>Offer to Exchange </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="4"><B>Up to $527,688,000 Principal Amount of </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>4.535% Debentures due 2042
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>for </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="4"><B>a Like Principal Amount of </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>4.535% Debentures due 2042 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>that have been registered under the Securities Act of 1933 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We are offering to exchange registered 4.535% Debentures due 2042 (the &#147;Exchange Debentures&#148;) for our outstanding unregistered
4.535% Debentures due 2042 (the &#147;Original Debentures&#148;). The Exchange Debentures and the Original Debentures are sometimes referred to in this prospectus together as the &#147;Debentures.&#148; The terms of the Exchange Debentures are
substantially identical to the terms of the Original Debentures, except that the Exchange Debentures are registered under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), and the transfer restrictions and registration rights
and related additional interest provisions applicable to the Original Debentures do not apply to the Exchange Debentures. The Original Debentures may only be tendered in an amount equal to $1,000 in principal amount or in integral multiples of
$1,000 in excess thereof. This offer (the &#147;Exchange Offer&#148;) is subject to certain customary conditions and will expire at 5:00 p.m., New York City time, on March&nbsp;13, 2012, unless we extend it (as such date and time may be extended,
the &#147;Expiration Date&#148;). The Exchange Debentures will not trade on any established exchange. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each broker-dealer that
receives Exchange Debentures for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Debentures. The letter of transmittal states that by so acknowledging
and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an &#147;underwriter&#148; within the meaning of the Securities Act. This prospectus, as it may be amended or supplemented from time to time, may be used by a
broker-dealer in connection with resales of Exchange Debentures received in exchange for Original Debentures where such Original Debentures were acquired by such broker-dealer as a result of market-making activities or other trading activities. We
have agreed that, for a period of 180 days after the Expiration Date, we will make this prospectus available to any broker-dealer for use in connection with any such resale. See &#147;Plan of Distribution.&#148; </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>See &#147;<A HREF="#toc294254_4">Risk Factors</A>&#148; beginning on page 7 for a discussion of certain risks that you should consider
before participating in the Exchange Offer. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>The date of this prospectus is February&nbsp;13, 2012 </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc"></A>TABLE OF CONTENTS </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Page</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_1">WHERE YOU CAN FIND MORE INFORMATION</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">ii</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_2">DISCLOSURE REAGARDING FORWARD-LOOKING STATEMENTS</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">ii</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_3">SUMMARY</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_4">RISK FACTORS</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_5">USE OF PROCEEDS</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_6">CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_7">THE EXCHANGE OFFER</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_8">DESCRIPTION OF THE EXCHANGE DEBENTURES</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_9">BOOK-ENTRY, DELIVERY AND FORM</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_10">MATERIAL UNITED STATES FEDERAL INCOME TAX CONSEQUENCES</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_11">PLAN OF DISTRIBUTION</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_12">LEGAL MATTERS</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#toc294254_13">INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>You should rely only on the information contained or incorporated by reference in this prospectus. We have not authorized anyone to
provide you with different information. We are not making an offer of these securities in any jurisdiction where the offer is not permitted. You should not assume that the information provided in this prospectus is accurate as of any date other than
the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of the Exchange Debentures. </B></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">i </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_1"></A>WHERE YOU CAN FIND MORE INFORMATION </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We file annual, quarterly and current reports and other information with the SEC. Our SEC filings are available over the internet at the
SEC&#146;s website at http://www.sec.gov and our website at www.adm.com. Information on our website does not constitute part of this prospectus. You may also read and copy any document that we file with the SEC at its public reference facility:
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Public Reference Room </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">100 F Street NE </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Washington, D.C. 20549 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">You may also obtain copies of the documents at prescribed rates by writing to the Public Reference Section of the SEC at 450 Fifth
Street, N.W., Room 1024, Washington, D.C. 20549. Please call 1-800-SEC-0330 for further information on the operations of the public reference facility and copying charges. Our SEC filings are also available at the offices of the New York Stock
Exchange. For further information on obtaining copies of our public filings at the New York Stock Exchange, you should call (212)&nbsp;656-5060. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">We &#147;incorporate by reference&#148; into this prospectus the information we file with the SEC, which means that we can disclose important information to you by referring you to those documents. The
information incorporated by reference is an important part of this prospectus. Some information contained in this prospectus updates the information incorporated by reference, and information that we file subsequently with the SEC will automatically
update this prospectus. In other words, in the case of a conflict or inconsistency between information set forth in this prospectus and information incorporated by reference into this prospectus, you should rely on the information contained in the
document that was filed later. We incorporate by reference our Annual Report on Form 10-K for the year ended June&nbsp;30, 2011 (which incorporates by reference certain portions of our definitive Notice and Proxy Statement for our Annual Meeting of
Stockholders held on November&nbsp;3, 2011); our Quarterly Reports on Form 10-Q for the quarters ended September&nbsp;30, 2011 and December 31, 2011; our Current Reports on Form 8-K filed on September&nbsp;22, 2011,&nbsp;September&nbsp;27,
2011,&nbsp;October&nbsp;6, 2011, November&nbsp;7, 2011, January 13, 2012, and February 6, 2012; and any filings we make with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the initial filing of the
registration statement that contains this prospectus and before the completion of the offering of the Exchange Debentures. Notwithstanding the foregoing, unless specifically stated otherwise, none of the information that we disclose under Items 2.02
and 7.01 of any Current Report on Form 8-K that we may from time to time furnish to the SEC will be incorporated by reference into, or otherwise included in, this prospectus. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">You may request a copy of any filings referred to above, at no cost, excluding any exhibits to those filings unless the exhibit is specifically incorporated by reference in those filings, by writing or
telephoning us at the following address and telephone number: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Investor Relations </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Archer-Daniels-Midland Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">4666 Faries Parkway, Box 1470 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Decatur, Illinois 62525 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telephone: 217-424-5200 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">In
order to obtain timely delivery, you must request the information no later than March&nbsp;6, 2012, which is five business days before the Expiration Date. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_2"></A>DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This prospectus and the documents that we incorporate by reference may contain forward-looking statements within the meaning of
Section&nbsp;27A of the Securities Act and Section&nbsp;21E of the Exchange Act. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">ii </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
those projected, expressed, or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by our use of words such as &#147;may,&#148;
&#147;will,&#148; &#147;should,&#148; &#147;anticipates,&#148; &#147;believes,&#148; &#147;expects,&#148; &#147;plans,&#148; &#147;future,&#148; &#147;intends,&#148; &#147;could,&#148; &#147;estimate,&#148; &#147;predict,&#148;
&#147;potential,&#148; or &#147;contingent,&#148; the negative of these terms or other similar expressions. The Company&#146;s actual results could differ materially from those discussed or implied herein. Factors that could cause or contribute to
such differences include, but are not limited to, those discussed in our Annual Report on Form 10-K for the fiscal year ended June&nbsp;30, 2011. Among these risks are legislative acts; changes in the prices of food, feed, and other commodities,
including gasoline; and macroeconomic conditions in various parts of the world. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements as a result of new information or future events.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">iii
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_3"></A>SUMMARY </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>This summary highlights selected information from this prospectus and is therefore qualified in its entirety by the more detailed
information appearing elsewhere, or incorporated by reference, in this prospectus. It may not contain all the information that is important to you. We urge you to read carefully this entire prospectus and the other documents to which it refers to
understand fully the terms of the Exchange Debentures and the Exchange Offer. References in this prospectus to &#147;ADM,&#148; the &#147;Company,&#148; &#147;we,&#148; &#147;us, &#147;our&#148; and &#147;ours&#148; refer to Archer-Daniels-Midland
Company. </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For more than a century, the people of Archer-Daniels-Midland Company have transformed crops into products that
serve vital needs. Today, 30,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, chemical and energy uses. With more than 265 processing plants, 400 crop procurement facilities, and the
world&#146;s premier crop transportation network, ADM helps connect the harvest to the home in more than 160 countries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We
were incorporated in Delaware in 1923 as the successor to a business formed in 1902. Our executive offices are located at 4666 Faries Parkway, Box 1470, Decatur, Illinois 62525. Our telephone number is (217) 424-5200. We maintain an Internet website
at http://www.adm.com. Information contained on our website is not incorporated by reference into this prospectus, and you should not consider information contained on our website as part of this prospectus. </FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Summary of the Exchange Offer </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Background</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">On October&nbsp;7, 2011, we completed private offers to exchange certain of our outstanding debt securities for $527,688,000 aggregate principal amount of the Original Debentures and cash. In
connection with the private offers to exchange, we entered into a registration rights agreement (the &#147;Registration Rights Agreement&#148;) in which we agreed, among other things, to conduct an exchange offer for the Original Debentures.
</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>The Exchange Offer</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">We are offering to exchange our Exchange Debentures, which have been registered under the Securities Act, for a like principal amount of our outstanding unregistered Original Debentures.
Original Debentures may only be tendered in an amount equal to $1,000 in principal amount or in integral multiples of $1,000 in excess thereof. See &#147;The Exchange Offer&#151;Terms of the Exchange.&#148; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Resale of Exchange Notes</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">Based upon the position the staff of the SEC has taken in previous no-action letters, we believe that Exchange Debentures issued pursuant to the Exchange Offer in exchange for Original
Debentures may be offered for resale, resold and otherwise transferred by you without compliance with the registration and prospectus delivery provisions of the Securities Act, provided that you will acknowledge that: </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="40%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">you are acquiring the Exchange Debentures in the ordinary course of your business; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="40%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">you have not participated in, do not intend to participate in, and have no arrangement or understanding with any person to participate in a
distribution of the Exchange Debentures; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="40%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">you are not our &#147;affiliate&#148; as defined under Rule 405 of the Securities Act. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">We do not intend to apply for listing of the Exchange Debentures on any securities exchange or to seek approval for quotation through an automated quotation system.
Accordingly, there can be no assurance that an active market will develop upon completion of the Exchange Offer or, if developed, that such market will be sustained or as to the liquidity of any market. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each broker-dealer that receives Exchange Debentures for its own account in exchange for Original Debentures, where such Original Debentures were acquired by such
broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Debentures during the 180 days after the expiration of this Exchange
Offer. See &#147;Plan of Distribution.&#148; </FONT></TD></TR></TABLE>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-top:12px;margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Consequences of Not Exchanging Your Original Debentures</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">Original Debentures that are not tendered in the Exchange Offer or are not accepted for exchange will continue to bear legends restricting their transfer. You will not be able to offer or sell
such Original Debentures unless: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="40%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">you are able to rely on an exemption from the requirements of the Securities Act; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="40%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Original Debentures are registered under the Securities Act. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">After the Exchange Offer is completed, we will no longer have an obligation to register the Original Debentures, except under limited circumstances. To the extent that
Original Debentures are tendered and accepted in the Exchange Offer, the trading market for any remaining Original Debentures will be adversely affected. See &#147;Risk Factors&#151;If you fail to exchange your Original Debentures, they will
continue to be restricted securities and might become less liquid.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-top:12px;margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Expiration Date</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Offer will expire at 5:00 p.m., New York City time, on March&nbsp;13, 2012, unless we extend the Exchange Offer. See &#147;The Exchange Offer&#151;Expiration Date; Extensions;
Amendments.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-top:12px;margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Issuance of Exchange Debentures</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">We will issue Exchange Debentures in exchange for Original Debentures tendered and accepted in the Exchange Offer promptly following the Expiration Date. See &#147;The Exchange Offer&#151;Terms
of the Exchange.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-top:12px;margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Certain Conditions to the</B> <B>Exchange Offer</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Offer is subject to certain customary conditions, which we may amend or waive. The Exchange Offer is not conditioned upon any minimum principal amount of outstanding Original
Debentures being tendered. See &#147;The Exchange Offer&#151;Conditions to the Exchange Offer.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-top:12px;margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Special Procedures for</B> <B>Beneficial Holders </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">If you beneficially own Original Debentures that are registered in the name of a broker, dealer, commercial bank, trust company or other nominee and you wish to tender in the Exchange Offer, you
should contact the registered holder promptly and instruct such person to tender on your behalf. If you wish to tender in the Exchange Offer on your own behalf, you must, prior to completing and executing the letter of transmittal and delivering
your Original Debentures, either arrange to have the Original Debentures registered in your name or obtain a properly completed bond power from the registered holder. The transfer of registered ownership may take a considerable amount of time. See
&#147;The Exchange Offer&#151;Procedures for Tendering.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-top:12px;margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Withdrawal Rights</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">You may withdraw your tender of Original Debentures at any time before the Exchange Offer expires. See &#147;The Exchange Offer&#151;Withdrawal of Tenders.&#148; </FONT></TD></TR></TABLE>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Taxation</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">An exchange pursuant to the Exchange Offer generally will not be a taxable event for U.S. federal income tax purposes. See &#147;Material United States Federal Income Tax Consequences.&#148;
</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Use of Proceeds </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">We will not receive any proceeds from the exchange or the issuance of Exchange Debentures in connection with the Exchange Offer. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exchange Agent </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Bank of New York Mellon is serving as Exchange Agent in connection with the Exchange Offer. </FONT></TD></TR></TABLE>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Summary of the Exchange Debentures </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Other than the restrictions on transfer and provisions related to registration rights and special interest, the Exchange Debentures will
have the same financial terms and covenants as the Original Debentures. See &#147;Description of the Exchange Debentures&#148; for more complete information about the Exchange Debentures. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Issuer</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">Archer-Daniels-Midland Company. </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Maturity Date</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">March&nbsp;26, 2042. </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Interest</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will bear interest at the rate of 4.535%. Interest on the Exchange Debentures will accrue from the last interest payment date on which interest was paid on the Original
Debentures surrendered in exchange therefor or, if no interest has been paid on the Original Debentures, from September&nbsp;26, 2011. Interest will be payable semi-annually, in arrears, on March&nbsp;26 and September&nbsp;26 of each year, beginning
on March&nbsp;26, 2012, except under the circumstances described in the following paragraph. </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">No interest will be paid on either the Exchange Debentures or the Original Debentures at the time of the exchange. The holders of Original Debentures that are accepted
for exchange will not receive accrued but unpaid interest on such Original Debentures at the time of the exchange. Rather, that interest will be payable on the Exchange Debentures delivered in exchange for the Original Debentures on the first
interest payment date after the Expiration Date of the Exchange Offer; provided, however, that if the Exchange Debentures are delivered in exchange for the Original Debentures after March 11, 2012 (which is the record date for the March 26, 2012
interest payment date on the Original Debentures), interest payable on March 26, 2012, which is the first interest payment date after the Expiration Date of the Exchange Offer, will be payable to the holders of the Original Debentures and interest
will not be payable on the Exchange Debentures delivered in exchange for the Original Debentures until September 26, 2012, which is the second interest payment date after the Expiration Date of the Exchange Offer. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Ranking</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will be senior unsecured obligations of our Company and will rank equally with all of our other unsecured and unsubordinated indebtedness. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Optional Redemption</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">We may redeem the Exchange Debentures at any time and from time to time at our option, in whole or in part, at a redemption price equal to the greater of: </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">100% of the principal amount of the Exchange Debentures to be redeemed; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of interest accrued to the redemption date) on
the Exchange Debentures being redeemed from the redemption date to the maturity date discounted to the date of the redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the
Treasury Rate (as defined below under &#147;Description of the Exchange Debentures&#151;Optional Redemption&#148;) plus 20 basis points. </FONT></P></TD></TR></TABLE>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">We will also pay the accrued and unpaid interest on the Exchange Debentures to the redemption date. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Repurchase at the Option of Holders</B> <B>Upon a Change of Control Triggering Event</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">If we experience a change of control triggering event, we will be required, unless we have exercised our right to redeem the Exchange Debentures, to offer to purchase the Exchange Debentures at
a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest. See &#147;Description of the Exchange Debentures&#151;Change of Control Offer.&#148; </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Form and Denomination </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will be issued in fully registered, global form. The Exchange Debentures will be represented by one or more global debentures, deposited with the Trustee referred to
below as custodian for The Depository Trust Company (&#147;DTC&#148;) and registered in the name of Cede&nbsp;&amp; Co., DTC&#146;s nominee. Beneficial interests in the global debentures will be shown on, and any transfers will be effected only
through, records maintained by DTC and its participants, and any such interest may not be exchanged for definitive registered debentures, except in limited circumstances. Interests in the global debentures will be issued in minimum denominations of
$1,000 and integral multiples of $1,000. See &#147;Book-Entry, Delivery and Form.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Covenants </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Indenture governing the Exchange Debentures contains a limitation on our ability to incur or guarantee indebtedness that is secured by a mortgage on any of our principal properties in
certain circumstances. The Indenture also limits our ability to conduct certain sale and leaseback transactions with respect to our principal properties. See &#147;Description of the Exchange Debentures&#151;Covenants Contained in the
Indenture.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Events of Default </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">For a discussion of events that will permit acceleration of the payment of the principal of and accrued interest on the Exchange Debentures, see &#147;Description of the Exchange
Debentures&#151;Events of Default.&#148; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Additional Issuances</B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">We may, from time to time, without notice to or the consent of the holders of the Exchange Debentures, create and issue additional debt securities ranking pari passu in all respects with the
Exchange Debentures and having the same terms as to status, redemption or otherwise as the Exchange Debentures (except for the payment of interest accruing prior to the issue date of such additional debt securities, or except for the first payment
of interest following the issue date of such additional debt securities) so that such additional debt securities may be consolidated and form a single series of debt securities with the Exchange Debentures. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any such additional debt securities, along with the Original Debentures, will vote and act together as a single class with the Exchange Debentures under the Indenture.
</FONT></TD></TR></TABLE>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1pt solid #000000;BORDER-LEFT:1pt solid #000000;BORDER-RIGHT:1pt solid #000000;BORDER-TOP:1pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Listing </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">We do not intend to list the Exchange Debentures on any securities exchange. </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Governing Law </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures and the Indenture will be governed by, and construed in accordance with, the laws of the State of New York. </FONT></TD></TR></TABLE>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE="margin-bottom:1px; margin-left:2%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Trustee </B> </FONT></P></TD>
<TD><FONT STYLE="font-family:Times New Roman" SIZE="2">The Bank of New York Mellon. </FONT></TD></TR></TABLE>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P></div></div>

 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_4"></A>RISK FACTORS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">You should consider carefully the following risks relating to the Exchange Offer and the Exchange Debentures and the risk factors
described in Item&nbsp;1A of our Annual Report on Form 10-K for the year ended June&nbsp;30, 2011, together with the other information included or incorporated by reference in this prospectus, before tendering your Original Debentures in the
Exchange Offer. The following is not intended as, and should not be construed as, an exhaustive list of relevant risk factors. There may be other risks that a holder of Original Debentures should consider that are relevant to its own particular
circumstances or generally. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>If you fail to exchange your Original Debentures, they will continue to be restricted
securities and might become less liquid. </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Original Debentures that you do not tender or that we do not accept will,
following the Exchange Offer, continue to be restricted securities, and you may not offer to sell them except pursuant to an exemption from, or in a transaction not subject to, the Securities Act and applicable state securities law. We will issue
Exchange Debentures in exchange for the Original Debentures pursuant to the Exchange Offer only following the satisfaction of the procedures and conditions set forth in &#147;The Exchange Offer&#151;Procedures for Tendering.&#148; These procedures
and conditions include timely receipt by the Exchange Agent of such Original Debentures (or a confirmation of book-entry transfer) and of a properly completed and duly executed letter of transmittal (or an agent&#146;s message from DTC). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Because we anticipate that most holders of Original Debentures will elect to exchange their Original Debentures, we expect that the
liquidity of the market for any Original Debentures remaining after the completion of the Exchange Offer will be substantially limited. Any Original Debentures tendered and exchanged in the Exchange Offer will reduce the aggregate principal amount
of the Original Debentures outstanding. Following the Exchange Offer, if you do not tender Original Debentures you generally will not have any further registration rights, and your Original Debentures will continue to be subject to certain transfer
restrictions. Accordingly, the liquidity of the market for the Original Debentures could be adversely affected. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>The
consummation of the Exchange Offer may not occur. </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We are not obligated to complete the Exchange Offer. The Exchange
Offer is subject to the satisfaction of certain conditions, and subject to applicable law, we may extend, amend or terminate the Exchange Offer at any time before expiration and may, in our sole discretion, waive any of the conditions to the
Exchange Offer. Even if the Exchange Offer is completed, it may not be completed on the schedule described in this prospectus. Accordingly, you may have to wait longer than expected to receive the Exchange Debentures issuable pursuant to the
Exchange Offer, during which time you will not be able to effect transfers of your Original Debentures tendered in the Exchange Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><I>If an active trading market does not develop for the Exchange Debentures, you may be unable to sell your Exchange Debentures or to sell your Exchange Debentures at a price that you deem sufficient.
</I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures are new issues of securities for which there currently is no established trading market. We
do not intend to list the Exchange Debentures on a national securities exchange. No assurance can be given that a market for the Exchange Debentures will develop or continue, as to the liquidity of any market that does develop, or as to your ability
to sell any Exchange Debentures you may own or the price at which you may be able to sell your Exchange Debentures. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_5"></A>USE OF PROCEEDS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Exchange Offer is intended to satisfy our obligations under the Registration Rights Agreement entered into in connection with the
issuance of the Original Debentures. We will not receive any cash proceeds from the issuance of the Exchange Debentures in the Exchange Offer. In consideration for issuing the Exchange Debentures as contemplated by this prospectus, we will receive
Original Debentures in like principal amount. The Original Debentures surrendered and exchanged for the Exchange Debentures will be retired and canceled and cannot be reissued. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_6"></A>CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following table sets forth our consolidated ratio of earnings to fixed charges for each of the periods indicated. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="9" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Fiscal Year Ended June&nbsp;30,</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ROWSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Six</B></FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Months<BR>Ended<BR>December&nbsp;
31,<BR>2011</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>2007</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>2008</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>2009</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>2010</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>2011</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ratio of earnings to fixed charges</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6.54x</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.54x</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.84x</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.78x</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.55x</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.54x</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The ratio of earnings to fixed charges is calculated as follows: </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000; margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(earnings)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(fixed charges)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of calculating the ratios, earnings consist of: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">pre-tax income from continuing operations before adjustment for noncontrolling interests in income from consolidated subsidiaries or income or loss
from equity investees; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">fixed charges; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">amortization of capitalized interest; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">distributed income of equity investees; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">our share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">minus capitalized interest; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">minus preference security dividend requirements of consolidated subsidiaries; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">minus the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of calculating the ratios, fixed charges consist of: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">interest expensed and capitalized; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">amortized premiums, discounts and capitalized expenses related to indebtedness; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">an estimate of the interest portion of rental expense on operating leases; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">preference security dividend requirements of consolidated subsidiaries. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_7"></A>THE EXCHANGE OFFER </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Purpose of the Exchange Offer </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In connection with the issuance of the Original Debentures, we entered into a Registration Rights Agreement with dealer managers, under which we agreed to file and to use our reasonable best efforts to
have declared effective an exchange offer registration statement under the Securities Act and to consummate an exchange offer. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We are making the Exchange Offer in reliance on the position of the SEC as set forth in certain no-action letters. However, we have not
sought our own no-action letter. Based upon these interpretations by the SEC, we believe that a holder of Exchange Debentures who exchanges Original Debentures for Exchange Debentures in the Exchange Offer generally may offer the Exchange Debentures
for resale, sell the Exchange Debentures and otherwise transfer the Exchange Debentures without further registration under the Securities Act and without delivery of a prospectus that satisfies the requirements of Section&nbsp;10 of the Securities
Act. This does not apply, however, to a holder who is our &#147;affiliate&#148; within the meaning of Rule 405 of the Securities Act. We also believe that a holder may offer, sell or transfer the Exchange Debentures only if the holder acknowledges
that the holder is acquiring the Exchange Debentures in the ordinary course of its business and is not participating, does not intend to participate and has no arrangement or understanding with any person to participate in a distribution of the
Exchange Debentures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any holder of the Original Debentures using the Exchange Offer to participate in a distribution of
Exchange Debentures cannot rely on the no-action letters referred to above. Any broker-dealer who holds Original Debentures acquired for its own account as a result of market-making activities or other trading activities and who receives Exchange
Debentures in exchange for such Original Debentures pursuant to the Exchange Offer may be a statutory underwriter and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Debentures.
See &#147;Plan of Distribution.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each broker-dealer that receives Exchange Debentures for its own account in exchange
for Original Debentures, where such Original Debentures were acquired by such broker-dealer as a result of market-making activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such
Exchange Debentures. See &#147;Plan of Distribution.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except as described above, this prospectus may not be used for an
offer to resell or transfer the Exchange Debentures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Offer is not being made to, nor will we accept tenders for
exchange from, holders of Original Debentures in any jurisdiction in which the Exchange Offer or the acceptance of it would not be in compliance with the securities or blue sky laws of such jurisdiction. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Terms of the Exchange </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Upon the terms and subject to the conditions of the Exchange Offer, we will accept any and all Original Debentures validly tendered at or
prior to 5:00 p.m., New York time, on the Expiration Date for the Exchange Offer. Promptly after the Expiration Date, we will issue an aggregate principal amount of up to $527,688,000 of Exchange Debentures for a like principal amount of outstanding
Original Debentures tendered and accepted in connection with the Exchange Offer. The Exchange Debentures issued in connection with the Exchange Offer will be delivered promptly after the Expiration Date. Holders may tender some or all of their
Original Debentures in connection with the Exchange Offer, but only in principal amounts of $1,000 or in integral multiples of $1,000 in excess thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The terms of the Exchange Debentures will be identical in all material respects to the terms of the Original Debentures, except that the Exchange Debentures will have been registered under the Securities
Act and will be issued free from any covenant regarding registration, including the payment of additional interest upon a failure </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">10 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
to file or have declared effective an exchange offer registration statement or to complete the Exchange Offer by certain dates. The Exchange Debentures will evidence the same debt as the Original
Debentures and will be issued under the same Indenture and be entitled to the same benefits under that Indenture as the Original Debentures being exchanged. As of the date of this prospectus, $527,688,000 in aggregate principal amount of the
Original Debentures are outstanding. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In connection with the issuance of the Original Debentures, we arranged for the Original
Debentures issued to qualified institutional buyers and those issued in reliance on Regulation S under the Securities Act to be issued and transferable in book-entry form through the facilities of DTC, acting as depositary. Except as described under
&#147;Book-Entry, Delivery and Form,&#148; Exchange Debentures will be issued in the form of one or more global debentures registered in the name of DTC or its nominee and each beneficial owner&#146;s interest therein will be transferable in
book-entry form through DTC. See &#147;Book-Entry, Delivery and Form.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Holders of Original Debentures do not have any
appraisal or dissenters&#146; rights in connection with the Exchange Offer. Original Debentures that are not tendered for exchange or are tendered but not accepted in connection with the Exchange Offer will remain outstanding and be entitled to the
benefits of the Indenture, but certain registration and other rights under the Registration Rights Agreement will terminate and holders of the Original Debentures will generally not be entitled to any registration rights under the Registration
Rights Agreement. See &#147;&#151;Consequences of Failures to Properly Tender Original Debentures in the Exchange Offer.&#148; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We shall be considered to have accepted validly tendered Original Debentures if and when we have given written notice to the Exchange
Agent. The Exchange Agent will act as agent for the tendering holders for the purposes of receiving the Exchange Debentures from us. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">If any tendered Original Debentures are not accepted for exchange because of an invalid tender, the occurrence of certain other events described in this prospectus or otherwise, we will return the
Original Debentures, without expense, to the tendering holder promptly after the Expiration Date for the Exchange Offer. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Holders who tender Original Debentures will not be required to pay brokerage commissions or fees or, subject to the instructions in the
letter of transmittal, transfer taxes on exchange of Original Debentures in connection with the Exchange Offer. We will pay all charges and expenses, other than certain applicable taxes described below, in connection with the exchange offer. See
&#147;&#151;Fees and Expenses.&#148; </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Expiration Date; Extensions; Amendments </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Expiration Date for the exchange offer is 5:00 p.m., New York City time, on March&nbsp;13, 2012, unless extended by us in our sole
discretion, in which case the term &#147;Expiration Date&#148; shall mean the latest date and time to which the exchange offer is extended. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We reserve the right, in our sole discretion: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">to delay accepting any Original Debentures, to extend the Exchange Offer or to terminate the Exchange Offer if, in our reasonable judgment, any of the
conditions described below shall not have been satisfied, by giving written notice of the delay, extension or termination to the Exchange Agent; or </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">to amend the terms of the Exchange Offer in any manner. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">If we amend the Exchange Offer in a manner that we consider material, we will disclose such amendment by means of a prospectus supplement, and we will extend the Exchange Offer for a period of five to ten
business days, depending on the significance of the amendment, if the Exchange Offer would otherwise have expired during such five- to ten-business-day period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">If we determine to extend, amend or terminate the Exchange Offer, we will publicly announce this determination by making a timely release through an appropriate news agency. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If we delay accepting any Original Debentures or terminate the Exchange Offer, we promptly
will return any Original Debentures deposited pursuant to the Exchange Offer as required by Rule 14e-1(c) under the Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Conditions to the Exchange Offer </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding any other provisions of
the Exchange Offer, or any extension of the Exchange Offer, we will not be required to accept for exchange, or to exchange any Exchange Debentures for, any Original Debentures and we may terminate the Exchange Offer or, at our option, modify, extend
or otherwise amend the Exchange Offer, if any of the following conditions exist on or prior to the Expiration Date: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">an action or event shall have occurred, been threatened, or may occur or an action shall have been taken, and a statute, rule, regulation, judgment,
order, stay, decree or injunction shall have been issued, promulgated, enacted, entered, enforced or deemed to be applicable to the Exchange Offer or the exchange of Original Debentures for Exchange Debentures under the Exchange Offer by or before
any court or governmental regulatory or administrative agency, authority, instrumentality or tribunal, including, without limitation, taxing authorities, that either: </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">challenges the making of the Exchange Offer or the exchange of Original Debentures for Exchange Debentures under the Exchange Offer or might, directly or indirectly, be
expected to prohibit, prevent, restrict or delay consummation of, or might otherwise adversely affect in any manner, the Exchange Offer or the exchange of Original Debentures for Exchange Debentures under the Exchange Offer; or
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">in our reasonable judgment, could materially adversely affect our (or our subsidiaries&#146;) business, condition (financial or otherwise), income, operations,
properties, assets, liabilities or prospects or impair the contemplated benefits to us of the Exchange Offer or the exchange of Original Debentures for Exchange Debentures under the Exchange Offer; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">there shall have occurred (a)&nbsp;any general suspension of or limitation on trading in securities in the United States securities or financial
markets, whether or not mandatory, (b)&nbsp;any material adverse change in the prices of the Original Debentures that are the subject of the Exchange Offer, (c)&nbsp;a material impairment in the general trading market for debt securities, (d)&nbsp;a
declaration of a banking moratorium or any suspension of payments in respect of banks by federal or state authorities in the United States, whether or not mandatory, (e)&nbsp;a material escalation or commencement of a war, armed hostilities, a
terrorist act or other national or international calamity directly or indirectly relating to the United States, if the effect of any such event, in the Company&#146;s reasonable judgment makes it impracticable or inadvisable to proceed with the
Exchange Offer, (f)&nbsp;any limitation, whether or not mandatory, by any governmental authority on, or other event in the Company&#146;s reasonable judgment, having a reasonable likelihood of affecting, the extension of credit by banks or other
lending institutions in the United States, (g)&nbsp;any material adverse change in the securities or financial markets in the United States generally or (h)&nbsp;in the case of any of the foregoing existing at the time of the commencement of the
Exchange Offer, a material acceleration or worsening thereof; and </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Trustee with respect to the Indenture for the
Original Debentures that are the subject of the Exchange Offer and the Exchange Debentures to be issued in the Exchange Offer shall have been directed by any holders of Original Debentures to object in any respect to, or take any action that could,
in our reasonable judgment, adversely affect the consummation of the Exchange Offer or the exchange of Original Debentures for Exchange Debentures under the Exchange Offer, or the Trustee shall have taken any action that challenges the validity or
effectiveness of the procedures used by us in making the Exchange Offer or the exchange of Original Debentures for Exchange Debentures under the Exchange Offer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The foregoing conditions are for our sole benefit and may be waived by us, in whole or in part, in our absolute discretion. Any determination made by us concerning an event, development or circumstance
described or referred to above will be conclusive and binding. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">12 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If any of the foregoing conditions are not satisfied, we may, at any time on or prior to the
Expiration Date: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">terminate the Exchange Offer and promptly return all tendered Original Debentures to the respective tendering holders; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">modify, extend or otherwise amend the Exchange Offer and retain all tendered Original Debentures until the Expiration Date, as extended, subject,
however, to the withdrawal rights of holders; or </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">waive the unsatisfied conditions with respect to the Exchange Offer and accept all Original Debentures tendered and not previously validly withdrawn.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, subject to applicable law, we may in our absolute discretion terminate the Exchange Offer for
any other reason or for no reason. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Effect of Tender </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Any tender by a holder, and our subsequent acceptance of that tender, of Original Debentures will constitute a binding agreement between that holder and us upon the terms and subject to the conditions of
the Exchange Offer described in this prospectus and in the letter of transmittal. The participation in the Exchange Offer by a tendering holder of Original Debentures will constitute the agreement by that holder to deliver good and marketable title
to the tendered Original Debentures, free and clear of any and all liens, restrictions, charges, pledges, security interests, encumbrances or rights of any kind of third parties. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Procedures for Tendering </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If you wish to participate in the Exchange Offer
and your Original Debentures are held by a custodial entity such as a bank, broker, dealer, trust company or other nominee, you must instruct that custodial entity to tender your Original Debentures on your behalf pursuant to the procedures of that
custodial entity. Please ensure you contact your custodial entity as soon as possible to give them sufficient time to meet your requested deadline. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">To participate in the Exchange Offer, you must either: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">complete, sign and date a letter of transmittal, or a facsimile thereof, in accordance with the instructions in the letter of transmittal, including
guaranteeing the signatures to the letter of transmittal, if required, and mail or otherwise deliver the letter of transmittal or a facsimile thereof, together with the certificates representing your Original Debentures specified in the letter of
transmittal, to the Exchange Agent at the address listed in the letter of transmittal, for receipt on or prior to the Expiration Date; or </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">comply with the Automated Tender Offer Program (&#147;ATOP&#148;) procedures for book-entry transfer described below on or prior to the Expiration
Date. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Agent and DTC have confirmed that the Exchange Offer is eligible for ATOP with respect
to book-entry debentures held through DTC. The letter of transmittal, or a facsimile thereof, with any required signature guarantees, or, in the case of book-entry transfer, an agent&#146;s message in lieu of the letter of transmittal, and any other
required documents, must be transmitted to and received by the Exchange Agent on or prior to the Expiration Date at its address set forth below under the caption &#147;Exchange Agent.&#148; Original Debentures will not be deemed to have been
tendered until the letter of transmittal and signature guarantees, if any, or agent&#146;s message, is received by the Exchange Agent. We have not provided guaranteed delivery procedures in conjunction with the Exchange Offer or under this
prospectus. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The tender by a holder of Original Debentures will constitute an agreement between us and the holder in
accordance with the terms and subject to the conditions set forth in this prospectus and in the letter of transmittal. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
method of delivery of Original Debentures, the letter of transmittal and all other required documents to the Exchange Agent is at the election and risk of the holders. Instead of delivery by mail, we recommend that
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">13 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
holders use an overnight or hand-delivery service, properly insured. In all cases, sufficient time should be allowed to assure delivery to and receipt by the Exchange Agent on or prior to the
Expiration Date. Do not send the letter of transmittal or any Original Debentures to anyone other than the Exchange Agent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If
you are tendering your Original Debentures in exchange for Exchange Debentures and anticipate delivering your letter of transmittal and other documents other than through DTC, we urge you to contact promptly a bank, broker or other intermediary that
has the capability to hold debentures custodially through DTC to arrange for receipt of any Original Debentures to be delivered pursuant to the Exchange Offer and to obtain the information necessary to provide the required DTC participant with
account information in the letter of transmittal. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If you are a beneficial owner that holds Original Debentures through
Euroclear (as defined herein) or Clearstream (as defined herein) and wish to tender your Original Debentures, you must instruct Euroclear or Clearstream, as the case may be, to block the account in respect of the tendered Original Debentures in
accordance with the procedures established by Euroclear or Clearstream. You are encouraged to contact Euroclear and Clearstream directly to ascertain their procedure for tendering Original Debentures. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Book-Entry Delivery Procedures for Tendering Original Debentures Held with DTC </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If you wish to tender Original Debentures held on your behalf by a participant with DTC, you must: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">inform the participant of your interest in tendering your Original Debentures pursuant to the Exchange Offer; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">instruct the participant to tender all Original Debentures you wish to be tendered in the Exchange Offer into the Exchange Agent&#146;s account at DTC
on or prior to the Expiration Date. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any financial institution that is a participant in DTC, including
Euroclear and Clearstream, must tender Original Debentures by effecting a book-entry transfer of Original Debentures to be tendered in the Exchange Offer into the account of the Exchange Agent at DTC by electronically transmitting its acceptance of
the Exchange Offer through the ATOP procedures for transfer. DTC will then verify the acceptance, execute a book-entry delivery to the Exchange Agent&#146;s account at DTC and send an agent&#146;s message to the Exchange Agent. An &#147;agent&#146;s
message&#148; is a message, transmitted by DTC to, and received by, the Exchange Agent and forming part of a book-entry confirmation, which states that DTC has received an express acknowledgement from an organization that participates in DTC (a
&#147;participant&#148;) tendering Original Debentures that the participant has received and agrees to be bound by the terms of the letter of transmittal and that we may enforce the agreement against the participant. A letter of transmittal need not
accompany tenders effected through ATOP. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Proper Execution and Delivery of the Letter of Transmittal </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Signatures on a letter of transmittal or notice of withdrawal described under &#147;&#151;Withdrawal of Tenders,&#148; as the case may be,
must be guaranteed by an eligible guarantor institution unless the Original Debentures tendered pursuant thereto are tendered (i)&nbsp;by a registered holder who has not completed the box entitled &#147;Special Issuance Instructions&#148; or
&#147;Special Delivery Instructions&#148; on the letter of transmittal or (ii)&nbsp;for the account of an eligible guarantor institution. An &#147;eligible guarantor institution&#148; is one of the following firms or other entities identified in
Rule 17Ad-15 under the Exchange Act (as the terms are used in Rule 17Ad-15): </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a bank; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a broker, dealer, municipal securities dealer, municipal securities broker, government securities dealer or government securities broker;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a credit union; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a national securities exchange, registered securities association or clearing agency; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a savings association. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">14 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If signatures on a letter of transmittal or notice of withdrawal are required to be
guaranteed, that guarantee must be made by an eligible guarantor institution. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If the letter of transmittal is signed by the
holders of Original Debentures tendered thereby, the signatures must correspond with the names as written on the face of the Original Debentures or on the DTC security position listing without any change whatsoever. If any of the Original Debentures
tendered thereby are held by two or more holders, each holder must sign the letter of transmittal. If any of the Original Debentures tendered thereby are registered in different names on different Original Debentures, it will be necessary to
complete, sign and submit as many separate letters of transmittal, and any accompanying documents, as there are different registrations of certificates. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">If Original Debentures that are not tendered for exchange pursuant to the Exchange Offer are to be returned to a person other than the tendering holder, certificates for those Original Debentures must be
endorsed or accompanied by an appropriate instrument of transfer, signed exactly as the name of the registered owner appears on the certificates, with the signatures on the certificates or instruments of transfer guaranteed by an eligible guarantor
institution. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If the letter of transmittal is signed by a person other than the holder of any Original Debentures listed in
the letter of transmittal, those Original Debentures must be properly endorsed or accompanied by a properly completed bond power, signed by the holder exactly as the holder&#146;s name appears on those Original Debentures. If the letter of
transmittal or any Original Debentures, bond powers or other instruments of transfer are signed by trustees, executors, administrators, guardians, attorneys-in-fact, officers of corporations or others acting in a fiduciary or representative
capacity, those persons should so indicate when signing, and, unless waived by us, evidence satisfactory to us of their authority to so act must be submitted with the letter of transmittal. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">No alternative, conditional, irregular or contingent tenders will be accepted. By executing the letter of transmittal, or facsimile
thereof, the tendering holders of Original Debentures waive any right to receive any notice of the acceptance for exchange of their Original Debentures. Tendering holders should indicate in the applicable box in the letter of transmittal the name
and address to which payments and/or substitute certificates evidencing Original Debentures for amounts not tendered or not exchanged are to be issued or sent, if different from the name and address of the person signing the letter of transmittal.
If those instructions are not given, Original Debentures not tendered or exchanged will be returned to the tendering holder. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">All questions as to the validity, form, eligibility, including time of receipt, and acceptance and withdrawal of tendered Original
Debentures will be determined by us in our absolute discretion, which determination will be final and binding. We reserve the absolute right to reject any and all tendered Original Debentures determined by us not to be in proper form or not to be
tendered properly or any tendered Original Debentures our acceptance of which would, in the opinion of our counsel, be unlawful. We also reserve the right to waive, in our absolute discretion, any defects, irregularities or conditions of tender as
to particular Original Debentures, whether or not waived in the case of other Original Debentures. Our interpretation of the terms and conditions of the Exchange Offer, including the terms and instructions in the letter of transmittal, will be final
and binding on all parties. Unless waived, any defects or irregularities in connection with tenders of Original Debentures must be cured within the time we determine. Although we intend to notify holders of defects or irregularities with respect to
tenders of Original Debentures, neither we, the Exchange Agent nor any other person will be under any duty to give that notification or shall incur any liability for failure to give that notification. Tenders of Original Debentures will not be
deemed to have been made until any defects or irregularities therein have been cured or waived. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any holder whose Original
Debentures have been mutilated, lost, stolen or destroyed will be responsible for obtaining replacement securities or for arranging for indemnification with the Trustee of the Original Debentures. Holders may contact the Exchange Agent for
assistance with these matters. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">15 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, we reserve the right, as set forth above under &#147;&#151;Conditions to the
Exchange Offer,&#148; to terminate the Exchange Offer. By tendering, each holder represents and acknowledges to us, among other things, that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">it has full power and authority to tender, sell, assign and transfer the Original Debentures it is tendering and that we will acquire good and
unencumbered title thereto, free and clear of all liens, restrictions, charges and encumbrances and not subject to any adverse claim when the same are accepted by us; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Exchange Debentures acquired in connection with the Exchange Offer are being obtained in the ordinary course of business of the person receiving
the Exchange Debentures; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">at the time of commencement of the Exchange Offer it had no arrangement or understanding with any person to participate in a distribution of such
Exchange Debentures; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">it is not an &#147;affiliate&#148;(as defined in Rule 405 under the Securities Act) of the Company, or if it is an affiliate, such holder will comply
with the registration and prospectus delivery requirements of the Securities Act to the extent applicable; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">if the holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Debentures; and
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">if the holder is a broker-dealer, that it is not engaged in, and does not intend to engage in, a distribution of the Exchange Debentures, and that it
will receive Exchange Debentures for its own account in exchange for Original Debentures that were acquired by such broker-dealer as a result of market-making activities or other trading activities and that it will be required to acknowledge that it
will deliver a prospectus in connection with any resale of such Exchange Debentures. See &#147;Plan of Distribution.&#148; </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Withdrawal of Tenders </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tenders of Original Debentures in the Exchange Offer may be validly withdrawn at any time prior to the Expiration Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For a withdrawal of a tender to be effective, a written or facsimile transmission notice of withdrawal must be received by the Exchange
Agent prior to the Expiration Date at its address set forth below under the caption &#147;Exchange Agent.&#148; The withdrawal notice must: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">specify the name of the tendering holder of Original Debentures; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">bear a description of the Original Debentures to be withdrawn; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">specify, in the case of Original Debentures tendered by delivery of certificates for those Original Debentures, the certificate numbers shown on the particular
certificates evidencing those Original Debentures; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">specify the aggregate principal amount represented by those Original Debentures; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">specify, in the case of Original Debentures tendered by delivery of certificates for those Original Debentures, the name of the registered holder, if different from
that of the tendering holder, or specify, in the case of Original Debentures tendered by book-entry transfer, the name and number of the account at DTC to be credited with the withdrawn Original Debentures; and </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(6)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">be signed by the holder of those Original Debentures in the same manner as the original signature on the letter of transmittal, including any required signature
guarantees, or be accompanied by evidence satisfactory to us that the person withdrawing the tender has succeeded to the beneficial ownership of those Original Debentures. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The signature on any notice of withdrawal must be guaranteed by an eligible guarantor institution, unless the Original Debentures have
been tendered for the account of an eligible guarantor institution. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">16 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Withdrawal of tenders of Original Debentures may not be rescinded, and any Original
Debentures validly withdrawn will thereafter be deemed not to have been validly tendered for purposes of the Exchange Offer. Validly withdrawn Original Debentures may, however, be re-tendered by again following one of the procedures described in
&#147;&#151;Procedures for Tendering&#148; on or prior to the Expiration Date. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exchange Agent </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Bank of New York Mellon has been appointed as Exchange Agent in connection with the Exchange Offer. Questions and requests for
assistance with respect to the procedures for tendering or withdrawing tenders of Original Debentures, as well as requests for additional copies of this prospectus or of the letter of transmittal, should be directed to the Exchange Agent as follows:
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Bank of New York Mellon, as Exchange Agent </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">c/o The Bank of New York Mellon Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Corporate Trust Operations -
Reorganization Unit </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">101 Barclay Street, Floor 7 East </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">New York, NY 10286 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention: David Mauer </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telephone: 212-815-3687 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Facsimile: 212-298-1915 </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Fees and Expenses </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We will not make any payment to brokers, dealers or others soliciting acceptances of the Exchange Offer. We will pay certain other
expenses to be incurred in connection with the Exchange Offer, including the fees and expenses of the Exchange Agent and certain accountant and legal fees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Holders who tender their Original Debentures for exchange will not be obligated to pay transfer taxes. If, however: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exchange Debentures are to be delivered to, or issued in the name of, any person other than the registered holder of the Original Debentures tendered;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">tendered Original Debentures are registered in the name of any person other than the person signing the letter of transmittal; or
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a transfer tax is imposed for any reason other than the exchange of Original Debentures in connection with the Exchange Offer;
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">then the amount of any such transfer taxes (whether imposed on the registered holder or any other persons) will be payable
by the tendering holder. If satisfactory evidence of payment of such taxes or exemption from them is not submitted with the letter of transmittal, the amount of such transfer taxes will be billed directly to the tendering holder. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Consequences of Failures to Properly Tender Original Debentures in the Exchange Offer </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Issuance of the Exchange Debentures in exchange for the Original Debentures under the Exchange Offer will be made only after timely
receipt by the Exchange Agent of a properly completed and duly executed letter of transmittal (or an agent&#146;s message from DTC) and the certificate(s) representing such Original Debentures (or confirmation of book-entry transfer), and all other
required documents. Therefore, holders of the Original Debentures desiring to tender such Original Debentures in exchange for Exchange Debentures should allow sufficient time to ensure timely delivery. We are under no duty to give notification of
defects or irregularities of tenders of Original Debentures for exchange. Original Debentures that are not tendered or that are tendered but not accepted by us will, following completion of the Exchange Offer, continue to be subject to the existing
restrictions upon transfer thereof under the Securities Act, and, upon completion of the Exchange Offer, certain registration rights under the Registration Rights Agreement will terminate. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">17 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event the Exchange Offer is completed, we generally will not be required to register
the remaining Original Debentures, subject to limited exceptions. Remaining Original Debentures will continue to be subject to the following restrictions on transfer: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the remaining Original Debentures may be resold only if registered pursuant to the Securities Act, if any exemption from registration is available, or
if neither such registration nor such exemption is required by law; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the remaining Original Debentures will bear a legend restricting transfer in the absence of registration or an exemption. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We do not currently anticipate that we will register the remaining Original Debentures under the Securities Act. To the extent that
Original Debentures are tendered and accepted in connection with the Exchange Offer, any trading market for remaining Original Debentures could be adversely affected. See &#147;Risk Factors&#151;If you fail to exchange your Original Debentures, they
will continue to be restricted securities and might become less liquid.&#148; </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">18 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_8"></A>DESCRIPTION OF THE EXCHANGE DEBENTURES </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Original Debentures were and the Exchange Debentures will be issued under an indenture (the &#147;Indenture&#148;) dated as of
September&nbsp;20, 2006, between us and The Bank of New York Mellon (as successor to JPMorgan Chase Bank, N.A.), as trustee (the &#147;Trustee&#148;). Any Original Debentures that remain outstanding after completion of the Exchange Offer, together
with the Exchange Debentures issued in the Exchange Offer, will be treated as a single series of securities under the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The following summary of certain provisions of the Indenture and the Exchange Debentures does not purport to be complete and is subject to, and is qualified in its entirety by reference to, all the
provisions of the Indenture and the Exchange Debentures, including the definitions therein of certain terms. Whenever particular provisions of or terms defined in the Indenture are referred to, such provisions and defined terms are incorporated by
reference as part of the statement made. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>General </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will be our senior unsecured obligations and will rank equal in right of payment to our other senior unsecured obligations from time to time outstanding. The Exchange Debentures
will be effectively subordinated to all liabilities of our subsidiaries, including trade payables. Since we conduct many of our operations through our subsidiaries, our right to participate in any distribution of the assets of a subsidiary when it
winds up its business is subject to the prior claims of the creditors of the subsidiary. This means that your right as a holder of our Exchange Debentures will also be subject to the prior claims of these creditors if a subsidiary liquidates or
reorganizes or otherwise winds up its business. Unless we are considered a creditor of the subsidiary, your claims will be recognized behind these creditors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Indenture does not limit the amount of notes, debentures or other evidences of indebtedness that we may issue under the Indenture and provides that notes, debentures or other evidences of indebtedness
may be issued from time to time in one or more series. We may, from time to time, without notice to or the consent of the holders of the Exchange Debentures, create and issue additional debentures ranking pari passu in all respects with the Exchange
Debentures and having the same terms as to status, redemption or otherwise as such series of Exchange Debentures (except for the payment of interest accruing prior to the issue date of such additional debentures, or except for the first payment of
interest following the issue date of such additional debentures) so that such additional debentures may be consolidated and form a single series of debt securities with the Exchange Debentures. Any such additional debentures will vote and act
together as a single class with the Exchange Debentures under the Indenture, along with the Original Debentures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange
Debentures will mature on March&nbsp;26, 2042. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will be issued only in denominations of $1,000 and
integral multiples of $1,000 in excess thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Principal and interest will be payable, and the Exchange Debentures will be
transferable or exchangeable, at the office or offices or agency maintained by us for these purposes. Payment of interest on the Exchange Debentures may be made at our option by check mailed to the registered holders. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">No service charge will be made for any transfer or exchange of the Exchange Debentures, but we may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection with a transfer or exchange. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As used in this prospectus, a
business day means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in the City of New York. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">19 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Interest </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will bear interest at a rate of 4.535%&nbsp;per annum. We will pay interest on the Exchange Debentures semi-annually in arrears on March&nbsp;26 and September&nbsp;26 of each year,
each of which we refer to as an interest payment date, beginning on March&nbsp;26, 2012; provided, however, that if the Exchange Debentures are delivered in exchange for the Original Debentures after March 11, 2012 (which is the record date for the
March 26, 2012 interest payment date on the Original Debentures), interest payable on March 26, 2012, which is the first interest payment date after the Expiration Date of the Exchange Offer, will be payable to the holders of the Original Debentures
and interest will not be payable on the Exchange Debentures delivered in exchange for the Original Debentures until September 26, 2012, which is the second interest payment date after the Expiration Date of the Exchange Offer. We will make each
interest payment to the holders of record on the immediately preceding March&nbsp;11 and September&nbsp;11 (whether or not a business day), provided that the interest that we pay on the maturity date will be payable to the person to whom the
principal will be payable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interest on each Exchange Debenture will accrue from the last interest payment date on which
interest was paid on the Original Debenture surrendered in exchange therefor or, if no interest has been paid on the Original Debenture, from September&nbsp;26, 2011. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Interest payments for the Exchange Debentures shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day months. In the event that any date on which interest is payable on the
Exchange Debentures is not a business day, then payment of the interest payable on such date will be made on the next succeeding day that is a business day (and without any interest or other payment in respect of any such delay). </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Optional Redemption </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
Exchange Debentures will be redeemable, in whole at any time or in part from time to time, at our option at a redemption price equal to the greater of: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">100% of the principal amount of the Exchange Debentures to be redeemed on that redemption date; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the sum of the present values of the remaining scheduled payments of principal and interest on the Exchange Debentures being redeemed on that
redemption date (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate (as defined below), plus 20 basis points, </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">plus, in each case, accrued and unpaid interest thereon to the date of
redemption. Notwithstanding the foregoing, installments of interest on Exchange Debentures that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered
holders as of the close of business on the relevant record date according to the Exchange Debentures and the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Comparable Treasury Issue&#148; means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term (as measured from the date of redemption) of the Exchange Debentures to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of such Exchange Debentures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Comparable Treasury
Price&#148; means, with respect to any redemption date, (1)&nbsp;if the Quotation Agent obtains four or more Reference Treasury Dealer Quotations, the average of such quotations, after excluding the highest and lowest of such quotations, or
(2)&nbsp;if the Quotation Agent obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations, or (3)&nbsp;if only one Reference Treasury Dealer Quotation is received, such quotation. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">20 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Quotation Agent&#148; means any Reference Treasury Dealer appointed by us. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Reference Treasury Dealer&#148; means (1)&nbsp;each of Barclays Capital Inc., BNP Paribas Securities Corp., Deutsche Bank
Securities Inc., and HSBC Securities (USA) Inc. (or their respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government
securities dealer in New York City (a &#147;Primary Treasury Dealer&#148;), we will substitute therefor another Primary Treasury Dealer, and (2)&nbsp;any other Primary Treasury Dealer selected by us. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Reference Treasury Dealer Quotations&#148; means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer
at 5:00 p.m., New York City time, on the third business day preceding such redemption date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Treasury Rate&#148; means,
with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for such redemption date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notice of any redemption will be mailed at least 30 days but
not more than 60 days before the redemption date to each registered holder of the Exchange Debentures to be redeemed by us or by the Trustee on our behalf. Once notice of redemption is mailed, the Exchange Debentures called for redemption will
become due and payable on the redemption date and at the applicable redemption price, plus accrued and unpaid interest to, but excluding, the redemption date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Unless we default in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Exchange Debentures or portions thereof called for redemption. On or before the
redemption date, we will deposit with a paying agent (or the Trustee) money sufficient to pay the redemption price of and accrued interest on the Exchange Debentures to be redeemed on that date. If less than all of the Exchange Debentures are to be
redeemed, the Exchange Debentures to be redeemed shall be selected by lot by DTC, in the case of Exchange Debentures represented by a global security, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case of
Exchange Debentures that are not represented by a global security. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Sinking Fund </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Exchange Debentures will not be entitled to any sinking fund. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Change of Control Offer </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If a Change of Control Triggering Event (as
defined below) occurs, we will be required to make an offer (the &#147;Change of Control Offer&#148;) to each holder of the Exchange Debentures to repurchase all or any part (equal to $1,000 or an integral multiple of $1,000 in excess thereof) of
that holder&#146;s Exchange Debentures on the terms set forth in the Exchange Debentures. In the Change of Control Offer, we will be required to offer payment in cash equal to 101% of the aggregate principal amount of Exchange Debentures
repurchased, plus accrued and unpaid interest, if any, on the Exchange Debentures repurchased to the date of repurchase (the &#147;Change of Control Payment&#148;). Within 30 days following any Change of Control Triggering Event or, at our option,
prior to any Change of Control (as defined below), but after public announcement of the transaction that constitutes or may constitute the Change of Control, a notice will be mailed to holders of the Exchange Debentures describing the transaction
that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase the Exchange Debentures on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such
notice is mailed (the &#147;Change of Control Payment Date&#148;). The notice will, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">21 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
is conditioned on the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On the Change of Control Payment Date, we will, to the extent lawful: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">accept for payment all Exchange Debentures or portions of Exchange Debentures properly tendered pursuant to the Change of Control Offer;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Exchange Debentures or portions of Exchange Debentures
properly tendered; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">deliver or cause to be delivered to the Trustee the Exchange Debentures properly accepted together with an officers&#146; certificate stating the
aggregate principal amount of Exchange Debentures or portions of Exchange Debentures being repurchased and that all conditions precedent provided for in the Indenture to the Change of Control Offer and to the repurchase by us of Exchange Debentures
pursuant to the Change of Control Offer have been complied with. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We will not be required to make a Change
of Control Offer upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by us and the third party repurchases
all Exchange Debentures properly tendered and not withdrawn under its offer. In addition, we will not repurchase any Exchange Debentures if there has occurred and is continuing on the Change of Control Payment Date an event of default under the
Indenture, other than a default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We
will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Exchange Debentures as a
result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Exchange Debentures, we will comply with those securities laws
and regulations and will not be deemed to have breached our obligations under the Change of Control Offer provisions of the Exchange Debentures by virtue of any such conflict. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">For purposes of the Change of Control Offer provisions of the Exchange Debentures, the following terms will be applicable: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Change of Control&#148; means the occurrence of any of the following: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any &#147;person&#148; (as
that term is used in Section&nbsp;13(d)(3) of the Exchange Act) (other than our Company or one of our subsidiaries) becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50%
of our Voting Stock or other Voting Stock into which our Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or more series of related
transactions, of all or substantially all of our assets and the assets of our subsidiaries, taken as a whole, to one or more &#147;persons&#148; (as that term is defined in the Indenture) (other than our Company or one of our subsidiaries); or
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the first day on which a majority of the members of our Board of Directors are not Continuing Directors. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control if (1)&nbsp;we become a direct or indirect
wholly owned subsidiary of a holding company and (2)&nbsp;either (A)&nbsp;the direct or </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">22 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of our Voting Stock immediately prior to that
transaction or (B)&nbsp;immediately following that transaction no person (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such
holding company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Change of Control Triggering Event&#148; means the occurrence of both a Change of Control and a Rating
Event. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Continuing Directors&#148; means, as of any date of determination, any member of our Board of Directors who
(1)&nbsp;was a member of such Board of Directors on the date the Exchange Debentures were issued or (2)&nbsp;was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the continuing directors who
were members of such Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval of our proxy statement in which such member was named as a nominee for election as a director, without
objection to such nomination). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Fitch&#148; means Fitch Ratings. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Investment Grade Rating&#148; means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by
Moody&#146;s and BBB- (or the equivalent) by S&amp;P, and the equivalent investment grade credit rating from any additional rating agency or rating agencies selected by us. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service Inc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Rating
Agencies&#148; means (1)&nbsp;each of Fitch, Moody&#146;s and S&amp;P; and (2)&nbsp;if any of Fitch, Moody&#146;s or S&amp;P ceases to rate the Exchange Debentures or fails to make a rating of the Exchange Debentures publicly available for reasons
outside of our control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by us (as certified by a resolution of our Board of Directors) as a
replacement agency for Fitch, Moody&#146;s or S&amp;P, or all of them, as the case may be. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Rating Event&#148; means the
rating on the Exchange Debentures is lowered by each of the Rating Agencies and the Exchange Debentures are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be
extended so long as the rating of the Exchange Debentures is under publicly announced consideration for a possible downgrade by any of the rating agencies) after the earlier of (1)&nbsp;the occurrence of a Change of Control and (2)&nbsp;public
notice of the occurrence of a Change of Control or our intention to effect a Change of Control; provided, however, that a Rating Event otherwise arising by virtue of a particular reduction in rating will not be deemed to have occurred in respect of
a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do
not announce or publicly confirm or inform the Trustee in writing at our request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of
Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event). If any Rating Agency is not providing a rating of the Exchange Debentures on any day during the relevant period for any reason and we have not
selected a replacement Rating Agency pursuant to the terms of the Exchange Debentures, the rating of such Rating Agency shall be deemed to be below an Investment Grade Rating on such day and such Rating Agency will be deemed to have lowered its
rating of the Exchange Debentures during the relevant period. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s
Rating Services, a division of The McGraw-Hill Companies, Inc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Voting Stock&#148; means, with respect to any specified
&#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) as of any date, the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">23 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Covenants Contained in the Indenture </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following definitions are used in this prospectus to describe certain covenants contained in the Indenture. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Attributable Debt&#148; means: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the balance sheet liability amount of capital leases as determined by generally accepted accounting principles, plus </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the amount of future minimum operating lease payments required to be disclosed by generally accepted accounting principles, less any amounts required
to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges, discounted using the methodology used to calculate the present value of operating lease payments in our most recent Annual Report to
Stockholders reflecting that calculation. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The amount of Attributable Debt relating to an operating lease
that can be terminated by the lessee with the payment of a penalty will be calculated based on the lesser of: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the aggregate amount of lease payments required to be made until the first date the lease can be terminated by the lessee plus the amount of the
penalty, or </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the aggregate amount of lease payments required to be made during the remaining term of the lease. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Consolidated Net Tangible Assets&#148; means the total amount of our assets, minus applicable reserves and other properly
deductible items, minus </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">all current liabilities, excluding Funded Debt included by reason of being renewable or extendible, and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">all goodwill, trade names, patents, unamortized debt discount and expense, and other similar intangibles to the extent not deducted as reserves and
deductible items set forth above, </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">all as set forth on our most recent consolidated balance sheet. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Funded Debt&#148; means: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indebtedness that matures more than 12 months after the time of the computation of the amount thereof or that is extendible or renewable to a time more
than 12 months after the time of the computation of the amount thereof; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">all guarantees of any such Indebtedness or of dividends, other than any guarantee in connection with the sale or discount by us or any Restricted
Subsidiary of accounts receivable, trade acceptances and other paper arising in the ordinary course of business; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">all preferred stock of any Subsidiary, taken at the greater of its voluntary or involuntary liquidation price at the time of any calculation hereunder,
but exclusive of accrued dividends, if any. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Funded Debt does not include any amount in respect of obligations under leases,
or guarantees thereof, whether or not such obligations or guarantees would be included as liabilities on a consolidated balance sheet. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Indebtedness&#148; means, except as set forth in the next sentence: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">all items of indebtedness or liability, except capital and surplus, which under generally accepted accounting principles would be included in total
liabilities on the liability side of a balance sheet as of the date that indebtedness is being determined; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">guarantees, endorsements (other than for purposes of collection) and other contingent obligations relating to, or to purchase or otherwise acquire,
indebtedness of others, unless the amount is included in the preceding bullet point. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">24 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indebtedness does not include any obligations or guarantees of obligations relating to lease rentals, even
if the obligations or guarantees of obligations relating to lease rentals would be included as liabilities on the consolidated balance sheet of us and our Restricted Subsidiaries. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Principal Domestic Manufacturing Property&#148; means any building, structure or other facility, together with the land on which it
is erected and fixtures that are part of such building, located in the United States that is used by us or our Subsidiaries primarily for manufacturing, processing or warehousing, the gross book value of which exceeds 1% of our Consolidated Net
Tangible Assets, other than any such building, </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">that is financed by obligations issued by a state, territory or possession of the United States, or any of their political subdivisions, the interest
on which is excludable from gross income of the holders pursuant to Section&nbsp;103(a)(1) of the Internal Revenue Code of 1986, or </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">that is not of material importance to the total business conducted by us and our Subsidiaries, taken as a whole. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A &#147;Restricted Subsidiary&#148; is any Subsidiary of ours, but does not include a Subsidiary (i)&nbsp;that does not transact any
substantial portion of its business in the United States and does not regularly maintain any substantial portion of its fixed assets in the United States, or (ii)&nbsp;that is engaged primarily in financing our operations or the operations of our
Subsidiaries, or both. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Secured Funded Debt&#148; means Funded Debt which is secured by a mortgage, lien or other
similar encumbrance upon any of our assets or those of our Restricted Subsidiaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A &#147;Subsidiary&#148; is a corporation
or other entity in which we, or one or more of our other Subsidiaries, directly or indirectly, own more than 50% of the outstanding voting equity interests. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Wholly-owned Restricted Subsidiary&#148; means any Restricted Subsidiary in which we and our other Wholly-owned Restricted Subsidiaries own all of the outstanding Funded Debt and capital stock
(other than directors&#146; qualifying shares). </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Restrictions on Secured Funded Debt </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Indenture limits the amount of Secured Funded Debt that we and our Restricted Subsidiaries may incur or otherwise create, including by
guarantee. Neither we nor our Restricted Subsidiaries may incur or otherwise create any new Secured Funded Debt unless immediately after the incurrence or creation: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the sum of: </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the aggregate principal amount of all of our outstanding Secured Funded Debt and that of our Restricted Subsidiaries (other than certain categories of
Secured Funded Debt discussed below), plus </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the aggregate amount of our Attributable Debt and that of our Restricted Subsidiaries relating to sale and leaseback transactions,
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">does not exceed 15% of our Consolidated Net Tangible Assets. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">This limitation does not apply if the outstanding debt securities are secured equally and ratably with or prior to the new Secured Funded Debt. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following categories of Secured Funded Debt will not be considered in determining whether we are in compliance with the covenant
described in the first paragraph under &#147;Restrictions on Secured Funded Debt&#148;: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secured Funded Debt of a Restricted Subsidiary owing to us or to one of our Wholly-owned Restricted Subsidiaries; </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">25 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secured Funded Debt resulting from a mortgage, lien or other similar encumbrance in favor of the U.S. government or any state or any instrumentality
thereof to secure certain payments; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secured Funded Debt resulting from a mortgage, lien or other similar encumbrance on property, shares of stock or Indebtedness of any company existing
at the time that the company becomes one of our Subsidiaries; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secured Funded Debt resulting from a mortgage, lien or other similar encumbrance on property, shares of stock or Indebtedness which (1)&nbsp;exists at
the time that the property, shares of stock or Indebtedness is acquired by us or one of our Restricted Subsidiaries, including acquisitions by merger or consolidation, (2)&nbsp;secures the payment of any part of the purchase price of or construction
cost for the property, shares of stock or Indebtedness or (3)&nbsp;secures any Indebtedness incurred prior to, at the time of, or within 120 days after, the acquisition of the property, shares of stock or Indebtedness or the completion of any
construction of the property for the purpose of financing all or a part of the purchase price or construction cost of the property, shares of stock or Indebtedness, provided that, in all cases, we continue to comply with the covenant relating to
mergers and consolidations discussed under the heading &#147;&#151;Restrictions on Mergers and Sales of Assets&#148; below; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secured Funded Debt resulting from a mortgage, lien or other similar encumbrance in connection with the issuance of revenue bonds on which the interest
is exempt from federal income tax under the Internal Revenue Code; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">any extension, renewal or refunding of (1)&nbsp;any Secured Funded Debt permitted under the first paragraph under &#147;&#151;Restrictions on Secured
Funded Debt&#148; or (2)&nbsp;any Secured Funded Debt outstanding as of the date of the Indenture. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Restrictions on Sale
and Leaseback Transactions </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Under the Indenture, neither we nor any Restricted Subsidiary may enter into any sale and
leaseback transaction involving a Principal Domestic Manufacturing Property, except a sale by a Restricted Subsidiary to us or another Restricted Subsidiary or a lease not exceeding three years, by the end of which we intend to discontinue use of
the property, and except for any transaction with a local or state authority that provides financial or tax benefits, unless: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the net proceeds of the sale are at least equal to the fair market value of the property; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">within 120 days of the transfer, or two years if we hold the net proceeds of the sale in cash or cash equivalents, we purchase and retire debt
securities and/or repay Funded Debt and/or make expenditures for the expansion, construction or acquisition of a Principal Domestic Manufacturing Property at least equal to the net proceeds of the sale. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, the restriction does not apply if the aggregate principal amount of the fair market value of the property transferred in a
sale and leaseback transaction and all Secured Funded Debt does not exceed 15% of our Consolidated Net Tangible Assets. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Restrictions on
Mergers and Sales of Assets </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Indenture generally permits a consolidation or merger between us and another entity. It
also permits the sale or transfer by us of all or substantially all of our property and assets. These transactions are permitted so long as: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the resulting or acquiring entity, if other than us, is organized and existing under the laws of a United States jurisdiction and assumes all of our
responsibilities and liabilities under the Indenture, including the payment of all amounts due on the debt securities and performance of the covenants in the Indenture; </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">26 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">immediately after the transaction, and giving effect to the transaction, no event of default under the Indenture exists; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">steps have been taken to secure the debt securities equally and ratably with all indebtedness secured by a mortgage, lien or other similar encumbrance
if as a result of such transaction, our properties or assets or Restricted Subsidiaries&#146; properties or assets would become subject to such mortgage, lien or other similar encumbrance not permitted pursuant to the provisions discussed above
under &#147;&#151;Restrictions on Secured Funded Debt&#148; without equally and ratably securing the debt securities; and </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">we have delivered to the Trustee an officers&#146; certificate and an opinion of counsel, each stating that the transaction and, if a supplemental
indenture is required in connection with the transaction, the supplemental indenture comply with the Indenture and that all conditions precedent to the transaction contained in the indenture have been satisfied. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If we consolidate or merge with or into any other entity or sell or lease all or substantially all of our assets according to the terms
and conditions of the Indenture, the resulting or acquiring entity will be substituted for us in the Indenture with the same effect as if it had been an original party to the Indenture. As a result, such successor entity may exercise our rights and
powers under the Indenture, in our name and, except in the case of a lease, we will be released from all our liabilities and obligations under the Indenture and under the debt securities and coupons. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing provisions, we may transfer all of our property and assets to another corporation if, immediately after
giving effect to the transfer, such corporation is our Wholly-owned Restricted Subsidiary and we would be permitted to become liable for an additional amount of Secured Funded Debt. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Modification and Waiver </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Under the Indenture, certain of our rights and
obligations and certain of the rights of the holders of the debt securities may be modified or amended with the consent of the holders of a majority of the total principal amount of the outstanding debt securities of all series of debt securities
affected by the modification or amendment, acting together as a class. However, the following modifications and amendments will not be effective against any holder without its consent: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a change in the stated maturity date of any payment of principal or interest; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a reduction in the principal amount of, or premium or interest on, any debt security or any change in the interest rate or method of calculating the
interest rate applicable to any debt security; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a change in the premium payable upon redemption of any debt security; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a reduction in the amount of principal of an original issue discount debt security due and payable upon acceleration of the maturity of such debt
security; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a change in place of payment where, or the currency in which, any payment on the debt securities is payable; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">an impairment of a holder&#146;s right to sue us for the enforcement of payments due on the debt securities; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a reduction in the percentage of outstanding debt securities of any series required to consent to a modification or amendment of the Indenture or
required to consent to a waiver of compliance with certain provisions of the Indenture or certain defaults under the Indenture. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Under the Indenture, the holders of at least a majority of the total principal amount of the outstanding debt securities of any series of debt securities may waive compliance by us with certain
restrictive provisions of the Indenture, on behalf of all holders of all series of debt securities to which such restrictive provision applies. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">27 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Under the Indenture, the holders of at least a majority of the total principal amount of the
outstanding debt securities may, on behalf of all holders of such series of debt securities, waive any past default under the Indenture, except: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a default in the payment of the principal of, or any premium or interest on, any debt securities of that series; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">a default under any provision of the Indenture which itself cannot be modified or amended without the consent of the holders of each outstanding debt
security of that series. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Events of Default </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Event of Default,&#148; when used in the Indenture with respect to any series of debt securities, means any of the following: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">failure to pay interest on any debt security of that series for 30 days after the payment is due; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">failure to pay the principal of, or any premium on, any debt security of that series when due; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">failure to deposit any sinking fund payment on debt securities of that series when due; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">failure to perform any other covenant in the Indenture that applies to debt securities of that series for 90 days after we have received written notice
of the failure to perform in the manner specified in the Indenture; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">default in respect of any Indebtedness for money borrowed by us or any consolidated Subsidiary, or under any mortgage, indenture or instrument under
which such Indebtedness is issued or secured, including a default with respect to debt securities of any other series, which default results in the acceleration of Indebtedness with an aggregate outstanding principal amount in excess of $50,000,000,
unless the acceleration is rescinded, or such debt is paid or waived within 10 days after we have received written notice of the default in the manner specified in the Indenture; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">certain events in bankruptcy, insolvency or reorganization; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">any other Event of Default that may be specified for the debt securities of that series when that series is created. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If an Event of Default for any series of debt securities occurs and continues, the Trustee or the holders of at least 25% in aggregate
principal amount of the outstanding debt securities of the series may declare the entire principal of all the debt securities of that series to be due and payable immediately, except that, if the Event of Default is caused by certain events in
bankruptcy, insolvency or reorganization, the entire principal of all of the debt securities of the series will become due and payable immediately without any act on the part of the Trustee or holders of the debt securities. If such a declaration
occurs, the holders of a majority of the aggregate principal amount of the outstanding debt securities of that series can, subject to conditions, rescind the declaration. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Indenture requires us to file an officers&#146; certificate with the Trustee each year that states, to the knowledge of the certifying officers, no defaults exist under the terms of the Indenture. The
Trustee may withhold notice to the holders of debt securities of any default, except defaults in the payment of principal, premium, interest or any sinking fund installment, if it considers the withholding of notice to be in the best interests of
the holders. For purposes of this paragraph, &#147;default&#148; means any event which is, or after notice or lapse of time or both would become, an Event of Default under the Indenture with respect to the debt securities of the applicable series.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Other than its duties in the case of an Event of Default, the Trustee is not obligated to exercise any of its rights or
powers under the Indenture at the request, order or direction of any holders of debt securities, unless the holders offer the Trustee reasonable indemnification. If reasonable indemnification is provided, then, subject to
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">28 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
other rights of the Trustee, the holders of a majority in aggregate principal amount of the outstanding debt securities of any series may, with respect to the debt securities of that series,
direct the time, method and place of: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">conducting any proceeding for any remedy available to the Trustee; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">exercising any trust or power conferred upon the Trustee. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The holder of a debt security of any series will have the right to begin any proceeding with respect to the Indenture or for any remedy only if: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the holder has previously given the Trustee written notice of a continuing Event of Default with respect to the debt securities of that series;
</FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series have made a written request to the Trustee
to begin such proceeding; </FONT></P></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the holder has offered to the Trustee reasonable indemnification; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the trustee has not started such proceeding within 60 days after receiving the request; and </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Trustee has not received directions inconsistent with such request from the holders of a majority in aggregate principal amount of the outstanding
debt securities of that series during those 60 days. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">However, the holder of any debt security will have an absolute right
to receive payment of principal of, and any premium and interest on, the debt security when due and to institute suit to enforce this payment. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Defeasance </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
Indenture includes provisions allowing defeasance of the debt securities of any series. In order to defease a series of debt securities, we would deposit with the Trustee or another trustee money or U.S. Government Obligations sufficient to make all
payments on those debt securities. If we make a defeasance deposit with respect to a series of debt securities, we may elect either: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">to be discharged from all of our obligations on that series of debt securities, except for our obligations to register transfers and exchanges; to
replace temporary or mutilated, destroyed, lost or stolen debt securities; to maintain an office or agency in respect of the debt securities and to hold moneys for payment in trust; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">to be released from our restrictions described above relating to mergers and sales of assets, Secured Funded Debt and sale and leaseback transactions.
</FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">To establish the trust, we must deliver to the Trustee an opinion of our counsel that the holders of that
series of debt securities will not recognize income, gain or loss for federal income tax purposes as a result of the defeasance and will be subject to federal income tax on the same amount, in the same manner and at the same times as would have been
the case if the defeasance had not occurred. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The term &#147;U.S. Government Obligations&#148; means direct obligations of the
United States of America backed by the full faith and credit of the United States. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Information Concerning the Trustee </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Bank of New York Mellon is the trustee under the Indenture. From time to time, we maintain deposit accounts and conduct other banking
transactions with the Trustee in the ordinary course of business. The Bank of New York Mellon also serves as trustee for certain of our other senior unsecured debt obligations. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">29 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_9"></A>BOOK-ENTRY, DELIVERY AND FORM </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except as set forth below, the Exchange Debentures will be represented by one or more permanent global Exchange Debentures in definitive,
fully registered form without interest coupons. Each global Exchange Debenture will be deposited with the Trustee and registered in the name of Cede &amp;Co., as nominee of DTC. Each beneficial interest in a global Exchange Debenture is referred to
as a &#147;Book-Entry Interest.&#148; Book-Entry Interests will be issued in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. The Exchange Debentures will be issued promptly following the expiration of the Exchange
Offer only in exchange for the Original Debentures accepted in the Exchange Offer. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>General </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Book-Entry Interests will be shown on, and transfers thereof will be effected only through, records maintained in book-entry form by DTC,
Euroclear Bank S.A./N.V., as operator of the Euroclear System (&#147;Euroclear&#148;), and Clearstream Banking, societe anonyme, Luxembourg (&#147;Clearstream&#148;) and their participants. The laws of some jurisdictions, including certain states of
the United States, may require that certain purchasers of securities take physical delivery of such securities in definitive form. The foregoing limitations may impair your ability to own, transfer or pledge Book-Entry Interests. In addition, while
the Exchange Debentures are in global form, holders of Book-Entry Interests will not be considered the owners or &#147;holders&#148; of Exchange Debentures for any purpose. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">So long as the Exchange Debentures are held in global form, DTC will be considered the sole owner or holder of the Exchange Debentures represented by that global debenture for all purposes under the
Indenture and Exchange Debentures. In addition, participants must rely on the procedures of DTC, Euroclear and Clearstream, as the case may be, and indirect participants must rely on the procedures of DTC, Euroclear, Clearstream and the participants
through which they own Book-Entry Interests to transfer their interests or to exercise any rights of holders under the Indenture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Neither ADM nor the Trustee will have any responsibility or be liable for any aspect of the records relating to the Book-Entry Interests. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Payments on Global Debentures </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Payments of any amounts owing in respect of
the global Exchange Debentures (including principal, premium, if any, and interest) will be made by ADM to DTC or its nominee, which will distribute such payments to participants in accordance with their procedures. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ADM expects that DTC, Euroclear or Clearstream, as applicable (or their respective nominees), upon receipt of any payment of principal of
or any premium or interest in respect of a global Exchange Debenture, will immediately credit, on its book-entry registration and transfer system, accounts of participants with payments in amounts proportionate to their respective Book-Entry
Interests in the principal amount of the global Excahnge Debentures, as shown on the records of DTC, Euroclear or Clearstream, as applicable (or their respective nominees). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">ADM also expects that payments by participants to owners of Book-Entry Interests held through those participants will be governed by standing instructions and customary practices, as is now the case with
securities held for the accounts of customers registered in &#147;street name,&#148; and will be the responsibility of those participants. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">ADM and the Trustee will treat the registered holder of the global Exchange Debentures as the owner thereof for the purpose of receiving payments and for all other purposes. Consequently, none of ADM, the
Trustee or any agent of ADM or the Trustee has or will have any responsibility or liability for: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">any aspect of the records of DTC, Euroclear, Clearstream or any participant or indirect participant relating to or payments made on account of a
Book-Entry Interest or for maintaining, supervising or reviewing the records of DTC, Euroclear, Clearstream or any participant or indirect participant relating to or payments made on account of a Book-Entry Interest; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">any other acts or omissions of DTC, Euroclear, Clearstream or any participant or indirect participant. </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">30 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Action by Owners of Book-Entry Interests </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ADM expects that DTC will take any action permitted to be taken by a holder of Exchange Debentures only at the direction of one or more
participants to whose account or accounts the Book-Entry Interests in the global Exchange Debentures are credited and only in respect of the portion of the aggregate principal amount of Exchange Debentures as to which such participant or
participants has or have given that direction. DTC will not exercise any discretion in the granting of consents, waivers or the taking of any other action in respect of the global Exchange Debentures. However, if there is an Event of Default under
the Exchange Debentures, DTC (or its nominee), will exchange the global Exchange Debenture for definitive Exchange Debentures in registered form, which it will distribute to its participants. See &#147;&#151;Definitive Registered Debentures.&#148;
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Transfers </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Transfers between participants in DTC will be effected in accordance with DTC rules and will be settled in immediately available funds. If
a holder requires physical delivery of definitive registered debentures for any reason, including to sell debentures to persons in states which require physical delivery of such securities or to pledge such securities, such holder must transfer its
interest in the global debentures in accordance with the normal procedures of DTC and in accordance with the procedures set forth in the Indenture. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Definitive Registered Debentures </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The global Exchange Debentures
representing the Book-Entry Interests are exchangeable for definitive registered debentures, of like tenor and of an equal aggregate principal amount, only if: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">DTC notifies ADM that it is no longer willing or able to act as a depositary for such global debentures or ceases to be a clearing agency registered
under the Exchange Act, and ADM has not appointed a successor depositary within 90 days of that notice or becoming aware that DTC is no longer so registered; </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">an Event of Default has occurred and is continuing, and DTC requests the issuance of certificated debentures; or </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">subject to DTC&#146;s procedures, ADM determines not to have the debentures represented by a global debenture. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any global Exchange Debenture representing Book-Entry Interests that is exchangeable pursuant to the preceding sentence will be
exchangeable in whole for definitive registered debentures, of like tenor and of an equal aggregate principal amount, in denominations of $1,000 and integral multiples of $1,000 in excess thereof. Upon the exchange of a global debenture for
definitive registered debentures, that global debenture will be canceled by the Trustee and the definitive registered debentures will be registered in the names and in the authorized denominations as DTC, pursuant to instructions from its
participants, any indirect participants or otherwise, instructs the Trustee. The Trustee will deliver those Exchange Debentures in definitive registered form to the persons in whose names those Exchange Debentures are registered and will recognize
those persons as the holders of those Exchange Debentures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Except as provided above, owners of Book-Entry Interests will not
be entitled to receive physical delivery of Exchange Debentures in definitive form and will not be considered the holders of those Exchange Debentures for any purpose under the Indenture, and no global debenture representing Book-Entry Interests
will be exchangeable, except for another global debenture of like denomination and tenor to be registered in the name of DTC (or its nominee). Accordingly, each person owning a Book-Entry Interest must rely on the procedures of DTC, Euroclear and
Clearstream, as applicable (and their respective nominees) and, if that person is not a participant, on the procedures of the participant through which that person owns its interest, to exercise any rights of a holder under that global debenture or
the Indenture. The Indenture provides that DTC, as a holder, may </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">31 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action that a holder is entitled to give or
take under the Indenture. ADM understands that under existing industry practices, if ADM requests any action of holders or an owner of a Book-Entry Interest desires to give or take any action a holder is entitled to give or take under the Indenture,
DTC (or its nominee), would authorize the participants owning the relevant Book-Entry Interests to give or take that action, and those participants would authorize beneficial owners owning through those participants to give or take that action or
would otherwise act upon the instructions of beneficial owners owning through them. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Information Concerning DTC, Euroclear and Clearstream
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">ADM understands as follows with respect to DTC, Euroclear and Clearstream: </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>DTC </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">DTC is a
limited purpose trust company organized under the laws of the State of New York, a &#147;banking organization&#148; within the meaning of New York Banking Law, a member of the Federal Reserve System, a &#147;clearing corporation&#148; within the
meaning of the New York Uniform Commercial Code, and a &#147;Clearing Agency&#148; registered pursuant to the provisions of Section&nbsp;17A of the Exchange Act. DTC was created to hold securities of its participants (&#147;DTC Participants&#148;)
and to facilitate the clearance and settlement of securities transactions among DTC Participants through electronic book-entry changes in accounts of DTC Participants and certain other organizations, thereby eliminating the need for physical
movement of securities certificates. DTC Participants include securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations, some of whom (or their representatives) own interests in DTC. Indirect
access to DTC&#146;s book-entry system is also available to others, such as banks, brokers, dealers and trust companies that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly (&#147;indirect
participants&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Because DTC can only act on behalf of DTC Participants, who in turn act on behalf of indirect
participants and certain banks, the ability of an owner of a beneficial interest to pledge such interest to persons or entities that are not DTC Participants or otherwise take actions in respect of such interest may be limited by the lack of a
definitive certificate for that interest. The laws of some states require that certain persons take physical delivery of securities in definitive form. Consequently, the ability to transfer beneficial interests to such persons may be limited.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Euroclear </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Euroclear advises that it was created in 1968 to hold securities for participants of Euroclear (&#147;Euroclear Participants&#148;) and to clear and settle transactions between Euroclear Participants and
between Euroclear Participants and participants of certain other securities intermediaries through simultaneous electronic book-entry delivery against payment, thereby eliminating the need for physical movement of certificates and any risk from lack
of simultaneous transfers of securities and cash. Euroclear provides various other services, including safekeeping, administration, clearance and settlement, securities lending and borrowing, and related services, and interfaces with domestic
markets in several countries. Euroclear is operated by Euroclear Bank S.A./N.V. (the &#147;Euroclear Operator&#148;), under contract with Euroclear Clearance Systems S.C., a Belgian cooperative corporation (the &#147;Cooperative&#148;). All
operations are conducted by the Euroclear Operator, and all Euroclear securities clearance accounts and Euroclear cash accounts are accounts with the Euroclear Operator, not the Cooperative. The Cooperative establishes policy for Euroclear on behalf
of Euroclear Participants. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Euroclear Participants include investment banks, securities brokers and dealers, banks, central
banks, supranationals, custodians, investment managers, corporations, trust companies and certain other organizations, and may include the Dealer Managers. Indirect access to Euroclear is also available to other firms that clear
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">32 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
through or maintain a custodial relationship with a Euroclear Participant, either directly or indirectly. The Euroclear Operator was launched on December&nbsp;31, 2000, and replaced Morgan
Guaranty Trust Company of New York as the operator of and banker to the Euroclear system. Securities clearance accounts and cash accounts with the Euroclear Operator are governed by the Terms and Conditions Governing Use of Euroclear and the related
Operating Procedures of the Euroclear System, and applicable Belgian law (collectively, the &#147;Terms and Conditions&#148;). The Terms and Conditions govern transfers of securities and cash within Euroclear, withdrawals of securities and cash from
Euroclear, and receipts of payments with respect to securities in Euroclear. All securities in Euroclear are held on a fungible basis, without attribution of specific certificates to specific securities clearance accounts. The Euroclear Operator
acts under the Terms and Conditions only on behalf of Euroclear Participants, and has no record of or relationship with persons holding through Euroclear Participants. Distributions with respect to Exchange Debentures held beneficially through
Euroclear will be credited to the cash accounts of Euroclear Participants in accordance with the Terms and Conditions, to the extent received by the U.S. Depositary for Euroclear. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><I>Clearstream </I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Clearstream holds securities for its participating
organizations (&#147;Clearstream Participants&#148;) and facilitates the clearance and settlement of securities transactions between Clearstream Participants through electronic book-entry changes in accounts of Clearstream Participants, thereby
eliminating the need for physical movement of certificates. Clearstream provides to Clearstream Participants, among other things, services for safekeeping, administration, clearance and settlement of internationally traded securities and securities
lending and borrowing. Clearstream interfaces with domestic markets in several countries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Clearstream is registered as a bank
in Luxembourg, and as such is subject to regulation by the Commission de Surveillance du Secteur Financier, and the Banque Centrale du Luxembourg, which supervise and oversee the activities of Luxembourg banks. Clearstream Participants are
recognized financial institutions around the world, including underwriters, securities brokers and dealers, banks, trust companies, clearing corporations, and may include the Dealer Managers. Indirect access to Clearstream is also available to
others, such as banks, brokers, dealers and trust companies that clear through or maintain a custodial relationship with a Clearstream Participant either directly or indirectly. Clearstream has established an electronic bridge with the Euroclear
Operator in Brussels to facilitate settlement of trades between Clearstream and the Euroclear Operator. Distributions with respect to Exchange Debentures held beneficially through Clearstream will be credited to cash accounts of Clearstream
Participants in accordance with its rules and procedures, to the extent received by the U.S. Depositary for Clearstream. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Clearance and
Settlement Procedures </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Transfers between DTC Participants will be effected in the ordinary way in accordance with DTC rules
and will be settled in same-day funds. Secondary market trading between Clearstream Participants and/or Euroclear Participants will be effected in the ordinary way, in accordance with the applicable rules and operating procedures of Clearstream and
Euroclear, and will be settled using the procedures applicable to conventional eurobonds in immediately available funds. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Cross-market transfers between persons holding directly or indirectly through DTC Participants, on the one hand, and directly or
indirectly through Clearstream Participants or Euroclear Participants, on the other, will be effected in DTC in accordance with the DTC rules on behalf of the relevant European international clearing system by its U.S. Depositary; however, such
cross-market transactions will require delivery of instructions to the relevant European international clearing system by the counterparty in such system, in accordance with its rules and procedures and within its established deadlines (European
time). The relevant European international clearing system will, if the transaction meets its settlement requirements, deliver instructions to its U.S. Depositary to take action to effect final settlement on its behalf by delivering or receiving
Exchange Debentures </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">33 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
in DTC, and making or receiving payment in accordance with normal procedures for same-day funds settlement applicable to DTC. Clearstream Participants and Euroclear Participants may not deliver
instructions directly to their respective U.S. Depositaries. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Because of time-zone differences, credits of Book-Entry
Interests received in Clearstream or Euroclear as a result of a transaction with a DTC Participant will be made during subsequent securities settlement processing and dated the business day following the DTC settlement date. Such credits or any
transactions in such Exchange Debentures settled during such processing will be reported to the relevant Euroclear Participants or Clearstream Participants on such business day. Cash received in Clearstream or Euroclear as a result of sales of
Exchange Debentures by or through a Clearstream Participant or a Euroclear Participant to a DTC Participant will be received on the DTC settlement date but will be available in the relevant Clearstream or Euroclear cash account only as of the
business day following settlement in DTC. Although DTC, Clearstream and Euroclear have agreed to the foregoing procedures in order to facilitate transfers of Exchange Debentures among DTC Participants, Clearstream Participants and Euroclear
Participants, they are under no obligation to perform or continue to perform such procedures and such procedures may be discontinued at any time. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">34 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_10"></A>MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following discussion is a summary of certain material United States federal income tax consequences of the Exchange
Offer to holders of Original Debentures, but is not a complete analysis of all potential tax effects. The summary below is based upon the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), regulations of the Treasury Department,
administrative rulings and pronouncements of the Internal Revenue Service and judicial decisions, all of which are subject to change, possibly with retroactive effect. This summary does not address all of the U.S. federal income tax consequences
that may be applicable to particular holders, including dealers in securities, financial institutions, insurance companies and tax-exempt organizations. In addition, this summary does not consider the effect of any foreign, state, local, gift,
estate or other tax laws that may be applicable to a particular holder. This summary applies only to a holder that holds such Original Debentures as a capital asset within the meaning of Section&nbsp;1221 of the Code. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">An exchange of Original Debentures for Exchange Debentures pursuant to the Exchange Offer will not be treated as a taxable exchange or
other taxable event for U.S. federal income tax purposes. Accordingly, there will be no U.S. federal income tax consequences to holders who exchange their Original Debentures for Exchange Debentures in connection with the Exchange Offer and any such
holder will have the same adjusted tax basis and holding period in the Exchange Debentures as it had in the Original Debentures immediately before the exchange. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The foregoing discussion of certain U.S. federal income tax considerations does not consider the facts and circumstances of any particular holder&#146;s situation or status. Accordingly, each holder of
Original Debentures considering this Exchange Offer should consult its own tax advisor regarding the tax consequences of the Exchange Offer to it, including those under state, foreign and other tax laws. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_11"></A>PLAN OF DISTRIBUTION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Each broker-dealer that receives Exchange Debentures for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange
Debentures. This prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Debentures received in exchange for Original Debentures where such Original Debentures were
acquired as a result of market-making activities or other trading activities. ADM has agreed that, for a period of 180 days after the Expiration Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use
in connection with any such resale. In addition, during this period, all dealers effecting transactions in the Exchange Debentures may be required to deliver a prospectus. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Company will not receive any proceeds from any sale of Exchange Debentures by broker-dealers. Exchange Debentures received by broker-dealers for their own account pursuant to the Exchange Offer may be
sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Debentures or a combination of such methods of resale, at market prices prevailing at the
time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive compensation in the form of commissions or concessions
from any such broker-dealer or the purchasers of any such Exchange Debentures. Any broker-dealer that resells Exchange Debentures that were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates
in a distribution of such Exchange Debentures may be deemed to be an &#147;underwriter&#148; within the meaning of the Securities Act and any profit on any such resale of Exchange Debentures and any commission or concessions received by any such
persons may be deemed to be underwriting compensation under the Securities Act. The letter of transmittal states that, by acknowledging that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an
&#147;underwriter&#148; within the meaning of the Securities Act. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">35 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For a period of 180 days after the Expiration Date the Company will promptly send additional
copies of this prospectus and any amendment or supplement to this prospectus to any broker-dealer that requests such documents in the letter of transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the
expenses of one counsel for the holders of the Debentures) other than commissions or concessions of any brokers or dealers and will indemnify the holders of the Debentures (including any broker-dealers) against certain liabilities, including
liabilities under the Securities Act. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_12"></A>LEGAL MATTERS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Certain legal matters in connection with the offering of the Exchange Debentures will be passed upon for the Company by Faegre&nbsp;Baker
Daniels LLP, Minneapolis, Minnesota. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><A NAME="toc294254_13"></A>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The consolidated financial statements of Archer Daniels Midland Company incorporated by reference in Archer Daniels
Midland Company&#146;s Annual Report (Form 10-K) for the year ended June&nbsp;30, 2011 (including the schedule appearing therein), and the effectiveness of Archer Daniels Midland Company&#146;s internal control over financial reporting as of
June&nbsp;30, 2011, have been audited by Ernst&nbsp;&amp; Young LLP, independent registered public accounting firm, as set forth in their reports thereon, included therein, and incorporated herein by reference. Such consolidated financial statements
are incorporated herein by reference in reliance upon such reports given on the authority of such firm as experts in accounting and auditing. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">36 </FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:2px;margin-top:0px;margin-bottom:0px;border-bottom:2pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:100px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>ARCHER-DANIELS-MIDLAND
COMPANY </B></FONT></P> <P STYLE="font-size:20px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:20px;margin-bottom:0px" ALIGN="center">


<IMG SRC="g294254g02a60.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:20px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>Offer to Exchange </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="4"><B>Up to $527,688,000 Principal Amount of </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>4.535% Debentures due 2042
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>for </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="4"><B>a Like Principal Amount of </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>4.535% Debentures due 2042 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>that have been registered under the Securities Act of 1933 </B></FONT></P>
<P STYLE="font-size:20px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:20px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PROSPECTUS </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>February&nbsp;13, 2012 </B></FONT></P> <P STYLE="font-size:20px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:100px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="line-height:4px;margin-top:0px;margin-bottom:2px;border-bottom:2pt solid #000000">&nbsp;</P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g294254g02a60.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g294254g02a60.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[1.84&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````G@```(<````&`&<`,``R
M`&$`-@`P`````0`````````````````````````!``````````````"'````
MG@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````$/P````!````8````'``
M``$@``!^````$.``&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!P`&`#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2DDD+)R<?$H?DY-C::*AN?8\PT#S*2DJX+ZU_7V19T_H5GB
MV[/;K'[S,/\`>=_W9_[8_P!+7E_6KZZY'6"_"P"['Z9]%Q/MLO'?U/\`18__
M``/T[/\`#_Z%<PKV#E:J63?I'_OFIFYC]&'UE_!T^A_6+J71,KU\9YMJ>9R,
M:QQV6S])VX[O3R/^['_;OJKU3HG7NG]<Q?M&$_5L"ZET"RMQ_-M9_P!0_P#F
MWKQCEP:)+G&&M`DD^#6CW.6WB])^M'1J'_6"JMV`,8-DV$![V/>VLL?B?3=3
MN]]C<CT?])5[U)S&&$Z-B,SH/ZW@LPY91THRCU_JOKJ2P/JQ];L/KM?HOC'Z
MBP39C$Z.`_PN.X_SE7_@E/\`A/\`26;ZSY0E$F,A1#=C(2%@V%))))J7_]#U
M5))8OUD^M.!T"D"S]/F6":,5IAQ''J6.U]&G=_A/^V_41C$R($19*"0!9-!N
M]7ZQ@='PW9F=9L8-&,&KWN_-JI9^?8[_`,[_`$:\J^L7UES^OW@W_H<2LS1B
M-,M:?])<?\-?_*^A5_@O^$I]3ZIG]6S'9F?9ZEIT8T:,K;_HJ&:[&?\`3L_P
MBM=(Z!=U"K[;D6MP>EM,/S;!.XC_``>'5]+(LT_XO_C/YI:&/###'CF18_2Z
M1_NM++F.32.D?Y?,YE==EMK::6.MNL,,J8"Y[C_(8WW.6]5]5Z\0-LZ_E?8Y
M&X8./%N41_+YHQ=W\OU%?Q,@L)Z=]5\1])L$69.C\NP<;KLCZ&+3]'Z'Z.O_
M`(-;/3/J(71=U6XR[W.HJ.I)U_2WN]SOY?I_]O*MEYZ4M,(H?OEK1E+(:P0]
MSODEZ<,?^_<3&ZD,9WV;ZNX+<-]GM]1H]?+?X[KGA[F[OW&?S:73'69;>KT9
M#W6V9/3[Y+R7.+Z]KZ]7R[V^Y>B873\+`K]+#I92SOM&IC]]_P!-_P#;7#],
MI;7]<[,8^UCKLED?R7-M<T?]2JA,A.,Y2,CQ#4JR8<N+)R\LF3C,Y\!B/3CA
MQ>GTO#U66-=7=6]U=K"'UV,):YKN0]CA]%R]&^JGU[9G.KZ=U<MJS70VG(T;
M7<>S7?FTY+_W/YJW_`_Z%>;5SZ;9T,"0I$`B")!Y!6SEQ1R"C]#V9L>24#8^
MH?>4EYQ]5/KW9A;<#K3W6XN@IS#+GU_R,C\ZVG_AOYRK_"^HS])5Z*Q[+&-L
MK<'L>`YKFF00=6N:X+-RXI8S4OH>A;V/)&8L?8__T>^^M/6ST3H]N96T/R'$
M58[7?1]1_P!%S_Y%;=]O]A>0WWWY-]F3DV.NON.ZRU^KG'S_`*OYC/S%ZS]<
MNC7]9Z)9CXVN32]M]+"8#W,F:MQ_TE;WM9_PB\MZ9TV[J75,?IC=U=E]OI62
M(?6&R[)+F.C;934RSV._/5_D^`8Y2_2'S?W6IS/$91'0[?WF_P!%Z1C/QG=7
MZLT_LYCBS'H!VNRK1S6P_P#<6O\`P]O]A=+@=%ZE]9+&9F>[[+T^L!N/4P;0
M&=J\2KZ-=>W_``[OI_\`GNQTKIE/7>H'(=6&=$Z=^K8../HN#/+]QW\Y=N_G
M/T=/O]-Z[$````0!P%2S999Y<1T@/DC^UBQ<O[^LOY@'TQV]XC_*3_J?N-?!
MZ?A]/I%&'4VIG)CDG]Y[S[WN_KH/5.M].Z56'9=D/<)92WW6._JL_P"_O_1J
MG]9?K'7TBD550_-M$L:>&-X]:S_OC?\`"+%Z-]5<KJ=IZEUM[XM(<*W&++/.
MT_X&K;]"IG_@*B,OT8C7\`R9<YC(8.6@)9!OTQ88_P!9VOJ]]8CUJ[+`I%%>
M/L],;MSCN]3=O_-;]!GM6$&EG^,"&CFTF./I422NSQL;'Q:6T8U;::F\,8`!
M^"X\N:?\8#GNT;627'P#<?E*0-1LV>)CYF,Q#EADEQS]^%RKAWXGSSN?ZQ_*
M4E&LDL:X\D2?B=5);K$I=7]0OK'D86?5T>YV_`RW%M+3_@K2"]OI?\#?'OJ_
MTOZ7_2^IRBZ/ZB]$R.H]9IS=I&%T]_J66\`V@?HJ&?OOW.]6W_1U_P#&UJ/.
M(G'+BVK_`)WZ+)AXN./#W_!__]+U58O5^C8#+<CKU5>SJ-.+<T/9IOEGM-K?
MS[*]NVNSZ:VDSFM>TL<):X$$>11!(NC5BELX\42/L\VET/%KQ.CX=%8T;2PF
M.[G#?8[^T]RGU7J-/3,&W,NU%8]C)@N>=&5M_K.1L:D8^/50#N%3&L#CR=HV
MRN=ZG4>O_6!G3.>G]-`LS#K#K'CVTRW^1[/_`&)3#H`!Y!BR2ECPQC`?K"!C
MQC^O_P"@-?ZM=$NZAD.Z]U<>H^UV^BMW!/YMQ:?\&SZ.,S_KG^C77I@`T!K1
M`&@`X`3HQC078,$<,.$:DZSD?FG/K(J7GUN0&YWUDZF?HX]%]5;A_I+#]EQ]
MO];TUW'4LUF!@7YCR(I87`'N[BMG]M^UB\RZN\X/U<QL-QC*ZM:,N\=_L]7]
M&%G_`!U_Z>M/QPX\V./CQ'RBU^;-Y<4?W.+++_H8_P#GO.`;0&^`C[DZ8D`2
M5W/U4^H3K#7U#KM>UFCZ<!W)[M?FM_\`=7_V(_T*U<F2.,7(_3J6*&.4S0<O
MZJ_4S)ZT6Y>7NQ^F#4.&EEW\FC]RG_NQ_P!L?Z6OT[$Q,;"QJ\7$K;314-M=
M;!``10```!`'`3K-RYI9#KH.D6]CQ1@--^I?_]/U5))))2'-RJ\/$NR[/H45
MNL</$-&Z%1^KW3[,+IX=D#]=RW'(RR>?4L]Y9_UOZ"-U3&?EC'Q8FE]S7Y!B
M1Z=7Z?8?^,NKIK5Y"M;[,?#Q9.(CY!PQ_O3^;_N5))+!^MEV7B]/?DU8MG4*
M6_SN,Q_IL:V-;;Q6UV1DT_Z6EG_7&>FG`&1`&YVZ+IR,02!;0^L'4\3/!=>\
MMZ#@OW95X/\`2;1I7A8<?SWN^FYCO_/:X'-R\[KO5G7-J+\G*<&48M?NVL:/
MT5%?T6[*J_YRSV5_SERLA_7/K9U"JBK;<ZL1556-F-C5G3=M;N]*O;^=^DR+
M?YMB]'^KGU5P>@T$UGULVUNV[+<`'$<^G4WW>E3N_P`'_P!N^HK<!'E@3(\6
M:7_-#4CCEED9="?5+O7RQC_=<_ZJ?4BCI89G=1#;^H\L:-:Z/^*_TE_[]_\`
MVS_PO5K%QV_65N3C-M<U^.6L=DO.S?N!O;=6&UAK=KM^)8Q[?]!;_IEM*OEE
M*4KE(2OLVL8`%`5YJ2224:]__]3U58OU@^M?3?J^ZAF6RVVS(#G-92&DAK-O
MOL]2RK:USG>Q;)(`DZ`<E>==':/K=]<LCJ-[!;T[$;^C8X>TU^^K#K(_X5WK
MYJEPPC+BE+Y("S_W,6/)(BA'YI&A^U[?HG6L/K>`W.Q`YK"YS'5V0'M<TP66
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M_,6U/=[_`$_T?IKH/JYUI_6OJV<JZ/M-;;*<F-`;&#Z<?F^K6ZN[_KB9/'$Q
M&2!)B3PGB^:,ET9FS"0`(%BMI!K=+_Q@]&ZGG8^%73D4OR3MK?<VL,W07-8X
MLNL=[XV,]OTUTZ\2P,"ZWHN5U/'<67=,LQW%P/#'AT6M_ET9#*K/^+WKUWH/
M5:^K])QL]L!UK8M8/S;&^RZO^S8UR?S.&,*,-KX9?WOF6X,IGI+?<?W707+Y
M_P#C#Z+@YU^$ZG)N?C/-;[*FUEA<W^<:TONK=['_`*-WL^FM3ZR]8'1NC9&:
M(]8#T\=I[VO]E7^:[](__@V+RG,Z8_#Z7TW,M+C;U(7VD._T;'4MH?K^=?ZE
MMW_7*TN7PQGK/8GAC_>^8JS991TCN!Q2\G__U>M_QA=9'3^B.Q&.VW]0FH>(
MJ`G*L_[;_0_]>6-TGJ@^JO2J<*O'%G4,MHR\HO.UK/4'Z"GC>]]=#&M?^8QZ
MJV$_6_Z\"OZ?3\0QIJTT4.]Y_P#0S*.W_B/^+7HE^#A9+FOR<>JYS/HNL8UQ
M']4O!4^8&&*.,&I2]<_^YBU9QR9>*6*8@1Z(R(XM/TWS?ZTNR^HX6']:64_9
M+Z[?LSGLD@[#ZV'F5R/HLO\`4H7H'0NJU]7Z3C=08`TW,_2,'YMC?9=7_8M:
M]3ZKTVGJ?3<CI]HBO(K+`?W3S78W^559LL8N&_Q=]2MP.J9/0LW]&ZYSBQA_
M-R*?T>16/^-J9O\`^L(Q'N8*WGA_&!70$L4XB4N+C%2EM<PP_P`7/_BDZA_Q
M-G_G\+TA>2_5CKV+T'K&9EY5=EK+&V5-;4&DSZN^7>H^OV^U=0[_`!G=+(BK
M!RGV'Z+(K$GY6O\`^I3^8PY)9+C&Q01@R0C"B:-EV/KE?51]6.HFS464.J8/
MY=OZ&K_P1ZQO\7M;V_5G.L<"&VY%I9YAM553G#_KE;V?V%FY='UL^NF56VW&
M=TOI=3@YOJ@@"?\`#;+!5;EW[=WI?HJL>O\`Z:[>CI^-TSHXP,5I;1CTN8R=
M2="7/>?WWN][TR58\7MV#.4N*5:\*\7.?'51B*%_I/%?XL**LG"ZMC7MWTW-
MIKL8>[7,M8]O^:4;ZC9%W1NN9_U7RW'Z9?CDZ2]@!<1_X9Q/2R/^M6*/^*C^
M:ZE_Z#_]3:C_`.,#!NP\S`^LN&(MQGMKN.L:'?C/?MV^QSC;C7>[Z%U=:EF0
M<V3$=L@%?WQ'TL<-,4)C]`F_[IEZD'UOLL^L'UGPOJUCN/HT.W9+F]G.;ZES
M_P!W]7P_YO\`X7)0O\9M5=-W2:JFAE==-[6,;H`UIQ6M:W^JK_\`B[Z;;8<S
MZPY0F[.L>RIQ[MW>ID6#^3;D>S_T'5/_`!I?TKIG_%Y'_58R4"!FQXQMC!'^
M'P^M4A>*<SO/_H_HO__9.$))300A``````!5`````0$````/`$$`9`!O`&(`
M90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T
M`&\`<P!H`&\`<``@`#8`+@`P`````0`X0DE-!`8```````<`"``!``$!`/_N
M``Y!9&]B90!D0`````'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!
M`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`__``!$(`)X`AP,!$0`"$0$#$0'_W0`$`!'_Q`#*```"
M`@(#`0$`````````````"@@)!0<$!@L"`P$``@(#`0$!`0````````````@&
M!P,%"00"`0H0``$$`@$#`P("!@4+!0````,!`@0%!@<(`!$)$A,4(14B"C$C
MM187.4$R=G<8,R34-E:6>,@928DEIK=H*A$``@$"!`0"!@,(#0H%!0```0(#
M$00`$@4&(3%!!U$388$B,A0(<9$CL4)28K(5%C>AP=%RDJ(S<S1TQ'47\()#
M8X,D5#:&1\*3LV4)X?(F)RC_V@`,`P$``A$#$0`_`'^.C!@Z,&#HP8.C!@Z,
M&#HP8.C!B%O-SGAHC@?K$F>[=NOE7]L&<'7NLZ4\8F:;"N(@V*Z+4PRO[0::
M$4XOGVAT2)!81J*KS$``TQV9LC6][ZD+'28:0(1YLS`^7$IZL>K&ARH/::AY
M`,PC&Z=V:3M.Q-WJ,M9F!\N):9Y".@'11PS,>"UZD@%!;F]Y`-_<[MF+G.T[
MU]3C-++,[76KL=ERPX9KZ`KNPEK@/>TEIDD@;4=-MY"++E$^C/8C,!&"\^S-
MB:%LC3?@M,@SW+C[69P/,E/I/WJ#[V,>R!SS,68J-NG=^K[LOOB[^7+`I^SB
M4G)&/1XL?OG/$GE1:*+N?%7YUYV(KCG'CG#DLVVQ;O&IL$Y#VQ)%A<8VGI9'
M@4FVI2^]-N:+NC1BOW(29#<J+/4L=7RHM,]S^R27?Q&O[+M@ESQ:6U6@5^I:
M`<E;J8N"M_HZ-16M+8'==K;R-&W5.6M^"QW!XE?!9CS9?"3B1]_4596]:ZQK
M[BO@6]1/A6E5:0HMC66==*!.K[&OG`9)A3X$V,\L:9"F1BM((HW.81CD<U51
M47I4)(Y(9'BE0K*I((((((-""#Q!!X$'B#AC$=)422-PT;`$$&H(/$$$<"".
M((QS>OC'U@Z,&#HP8.C!@Z,&#HP8_]!_CHP8.C!@Z,&#HP8.C!@Z,&*AO)EY
M;=1\"Z"9A..)6[.Y+W%:A<>UO'E^NHPX<T?>'D^T9T,K3U-:T;O>C5@G-LK-
M/0C?CQR+,':_;CM7JN^)TO+C-;;<1O;F(]J2G-(0>#'H7/L)Q]YAD-<[Y[B:
M=M*%K6'+/KC+[,=>"5Y-*1R'4*/:;A[JG,$/]\[]VWR9V=D.W]UYG:9OG61F
M[R;*P>C(M=`&0I(5#05@49`H<=JT.YL6%%&,`4<Y4;ZG.<YWM#T+2MN:;;Z3
MHUFL-E&.`',GJS'FSM3BS$D^H84[5M7U'7+Z;4M4N6ENW/$GD!T51R51T44`
MQISK;XUF#HP8NW\7?F.V7PFL:G4VV77&SN+\R:,2TGO++R_4ZR3JLFXUV>69
M@Y5(KBN++H3O;'*]/<BDBF<?Y-,]R^T>G;RCEU32\EMN4#WN4<]!P64#DW19
M1Q')@P"Y;2V'W*OMKO'I^H9I]!)]WF\->9CKS7J8SP/-2IKF>?U+MS6V]=>X
MUM34>84V=X!ET%)]%DE%)]^))&CW!D19`WM'*KK2NE#>"7#D#%*B2!O$8;",
M<U$IU72M1T2_N=,U6T>"_B:C(PH1X$="I'%6!*L"""0:X:O3M1L=6LX-0TZY
M6:SD%593P/B/$$'@0:$&H(!QL;K7X]N#HP8.C!@Z,&#HP8__T7^.C!@Z,&#H
MP8.C!@Z,&%K/*GYRZ+22Y)Q\X<W-3E6XXYI=)FVWA#AWF(:QD,&2/-JL2:3Y
M%7E>>P9"^DI2-/5U91N&1DF0A!1V)[8]E9]9^'U[=T+Q:00&C@XK),.89^3)
M$1R`H[@U!5:%J1W_`-U8=+\_1]M2K)J0)5YN#)%XA.CR`\R:JI%"&-0J:&19
M'D&7WUQE.5WEMDN39!8R[>^R"^L9=O=7-K/,Z1-LK2SGE/-GSI9WJ\A2O<][
ME5555Z;VWMX+2"*VM84CMHU"JJ@*JJ.`"J*``#D!PPM$TTUS+)<7$K/.[$LS
M$EF)YDD\23U)QA>LV,6#HP8G3Q:\;?,GF":%*TYIJ_?ALLPV$V?F3'89K6,)
MW^4D`R>[&!F0_%16J4%.*RF,1[54/9R+U"=S=P]H[2#KJ^KQ_&`?R,?VDQ]!
M1?<KT,A13XXE>@;)W+N0JVFZ8_PQ_P!*_L1#_.;WJ=0@8^C%P>K_``@\:%Q[
M<&"9;S`IMS<K<<T9L?.<<UAI%P$P;#\HHJAM?4ERC)#1;JQRH-=EEK`]<!4Q
MZP.(OUCJ-KW=4)/\R8U#<&G:;HNFQ1:=\1'YK2MGE,/F*'H$(CB;*:<6EIS^
MB1:'M_MSJ>K:QM"U[@VFH[[@TZ:X-K:.'2$1E(ZRR*'4E99(P8F:*4AJ^7E#
M$5(<"/(KO?@#L+]X-=V#\DUQ?2Q/V)IV\GR&8CF`$8(#K",C6R/W;S"+'"Q(
MMM&&IFHQHCMD1O6!][;Y[?Z)ONP\C4(_+U!!]E<*!YD9YT/+/&3[R$TXU4JU
M&&AVCO/5MH7GG63Y[)S]I"Q.1_2/P7'1P*]#5:C#]7#KFMHCG#JZ-LS2>2I+
M=%2)%S/![900\WU[>28_O?9LIIF&*HD(K")&F@<:OG-$]8YB>@B,1C=NSM<V
M7J;:;K-M0&ICD6ICE4'WD;ZJJ:,M1F`J*MUMO<^D[JL%OM+GK2@=#P>-C]ZZ
M_<855J&A-#26O45Q(<'1@P=&#!T8,?_2?XZ,&#HP8.C!C#Y!D-#B=';9-E-U
M58YCE#`E6MW?7EA%JJ>HK(0G'F6%G93B@AP844+%<0A'M8QJ=U7K+!;SW4T5
MM;0M)<.P554%F8G@``*DD]`,8YIH;>*2>>54A0$LS$!0!S))X`#Q.$T?*KYR
M;S=:9)QZX=7%MBNGS,G4><;@`DJGRS9\9Q'1I=5A[5]BRQ7`9H&JTIW^U96P
M2J-[(L?W!26][8=E8-&^'U_=T*2ZL*-'!P9(3S#2<P\H/("J(14%FH56C?\`
MW5EU3S]&VW(T>FFJO-Q#RCD0G5(SU/!G!H0JU#+4],5BD,'1@Q:1Q-\1W*?D
M_CP]GW$.@X]Z!%#^ZSMV[OF_NGCQJ9J_CLL=IY2AN+V&Y/J.8]L2I?\`5/FM
M=].JLWEW?V?LWSK>>[^*U-.<41!R'_62$Y(Z=14N/P,372=C:I?6$NMZG/!I
MFW(DSR75TXAB5!S:KD>S^,2J?CXL=QVK\5?`E1"UO@4SR`[_`*CVD+LS9X8E
M?I"DNHY6J^7BV*D!8U4YD20)AH[DBW#T<W]3<,[_`$3_`'Q\QFY]>,UKID_P
ME@:C)`2I(\'GX2/X$($1AS7%1[Q^9CLEVS:6QV3IC[MW1'P^(D/E:>CCF4)#
M&7*>(\N-U;[VY&-%<@_(1RFY'AD4N8;#D8Q@1`_$!K+6XGX7@P*Y`H!M9*@5
MQW6600&#;^$=I+G-9^AB-:B(B\WNLZA?LYGN#E8\0.`->=>IK^,3A,>Y7S)]
MW>Z0GM->W.]MH+\/@K.MM;9:4R.J$R3+Z+B26AY4%`-P^'[+GXMSTU1#5ZCB
M9G3[!Q&<]'%[>@^#WE]`8X8AD4J&NJ"*SLOI:Q7>M51&]9MOR9-5@'1@P_BD
M_=`Q,_DMUEM)^879\&:D-]#>6[<^1M994%`#6LL,8XT`KF)H,4&<@L$9J[?>
M[M9#$H1ZZV]LK!&!<Q@W"9B.9W6/M$Y@F"&Q1MK^RHUK6IV^B(GTZZ^Z#?'4
M]#T74B:FXM(9?_,C5OV\.IK%H+#5]4L0*"&YEC_@.R_M8SG&_DQN;B;M*CV_
MH[,9N)9;3$:R2)OJDT.34[B,?-QK+:1[VQ+W'[)C?24).SQN])0O%(&(K,&X
M=N:/NG3)M)UJT$MJXX=&1NCHW-6'0CGR(*D@Y=$US4]O7\6I:5<F.X7GU5AU
M5UY,IZ@_2""`0^EXV_*EIKG_`(H&C]4'7?(;'ZADO-M2S)R.2P''1!3,JUW+
ME.8?(L5>7L\PNSIM4XK124<Q0R9"/=Q.V.K[$NC-[5QH$CTCG`Y5Y)*!P1_`
M^Z]*K0U56UV3O_3-WVXBX0ZRBU>$GGXO&3[R>(]Y*T;A1C:AU6.)]@Z,&#HP
M8__3?XZ,&#HP8U!O7?6I.-6M,@V[NO-:G!<$QP*NE6EH55//G/$8L.CH:T*$
ML+_(K/X[VQ8,099)W-7TL5&N5-MHFAZKN+48-*T:S>>^D/!5Y`=68\E05]IF
M(`ZG&MU;5].T.QFU'5+I8K1!Q)ZGHJCFS'HH!)\,(@^33RX;;YY7DS!<66UU
MAQFJYXBTFN`RF#N,T/`*I(>2[/G02O%:3?>1#1JH9'UE>YHU1#R1_+<[O;CM
M5I6QX4O;G+<[C9?:EI[,8/-(0?=%.!<C._'W5.0*=OGN)J.[96M(,T&AJ?9C
MK[3TY-*1S/4(/97AS89L5`=6SBN,3&X@<#N2?-_+28YHW""S*2LE"CY;LG(G
MR*76N$(47OHN1Y/\64WYKH_ZP<"&*79&9^,<=S$<YL1W;OC;FR[3XG6[T+,P
MJD2T::2GX"5'"O-F*H.18'$EVYM/6]TW!ATNUK"I]N5O9BCZ^T]#QIQR@%B.
M(%,77XO@WCF\9B#^PUM7SXY@U#F_(R[(A!%H;5N1Q>[2-H:IBV%=;3JR9Z7M
M<U;6=[H'>F;5$51(D7<;YB-=U\SZ?I#FTTTU'EQ,<S#_`%LPH3Z4CRI2JMFI
M7$$W]\P7:+LR9],VQ%'NSN#&2I<-33[60<#FD&82LIXY(O,-5*M-`W#$<-J<
MA.7G/K/JW'KR?E^S;63+(?%]68%33$QJF]3FL?(K,2I1E$C88GHA;&<IY`P_
M4TGT(J]+=/=ZAJLJHQ9VZ*HX#Z`/NGZ\(QN[N1WG^8G<5KINH7%[JMXSDP6%
MI$WD1="4MX@1[(/M32YW"^_+3CBQ7C;X,MKYFROR+DAF434]&;V#OPG%70<G
MV#(`]/42/.M/4?$L8.K7-5CV.N'HOJ:0+%3Z[>SVQ/)1[R3RU_!'%OKY#]GZ
M,,QVO^03=^N+;ZEW/UM-'T]J$VMODGO".H>3C;P'E0@W)YAD4C%U6'>.#BGJ
MO66<87KO4^/.R#+L#RO#SYSF`DR_,3_O+0SZ8Y4NKE2+4,.R8B%%6M@1W(G]
M1%^O4DCT>Q@AECA@&=E(S'B>(IS/+U4P]&B?+%VAVCM77]"VUL^V.I7NGW%L
M;JY'Q-R?/B>(GS9:^6"&]I8!$AI[O7"D'!J[+BW,WC'/=ZH[_P".>NJ23[C1
M,4(LARB!C<SWDDM5@FC!:/\`6JHCFM15:J.1%2!:8V34;(_ZU1]9I^WCC=V"
MOWTGOAVJN#56_/\`91-6@H)ITA:N;E02&O4"M*&AQ$7RPXR+$O(UR[JA#&-L
MK;=GDRM$[UM4N:UM7F1B*OH'V(4U\YST[?A>JIW=V[KU@[77)NNWVU)2:D6@
M3_RRT?\`X<=0.X,`M]Z;CC`YW!;^&`__`(L5Y]3[$-QV7#LQRO7N4T&<8+D=
MSB.88M:1;K',FQZPDU5U2VL(B%BSZZPAD%)BR`O3Z.:Y.Z=T7NBJG7FN[2UO
M[6>RO;=);252KHX#*RGF"#P(QGMKFXL[B&ZM)FCN8V#*RDAE(Y$$<0<.M^*W
MS<XER8;C^A.4L^GP/D&]&5F,9RYL6GP7<)FHQD6*Y$4,/$MA2T546$J,K[(K
M>\1XS%'!1.>YW9FZVY\1KFV8WGT'F\?%I(/$^,D0_"]Y![X(!?#/[`[I6^N>
M3I&ONL.L<EDX+'-X#P20_@^ZQ]VA(3##G5!8N3!T8,?_U'^.C!B%7.#GEHO@
M;J\N?;:M_G9%;!F@UWK"FDQ5S/8=S%8/U1JN*9RI7T<`L@2V-J=OQ8(R-3L4
MY`1S3'9>Q];WQJ8L=*BRVZ$&69@?+B4]6/5C0Y$'M,1T4,PC&Z=VZ3M*P-WJ
M,E9F!\N)2,\C#H!T4<,SG@H\20I00YP<]=[\\MF%SK;5S\'&JF3-9KS5]+(D
M-PS7U1*<-JQZV,54=97DP(!K/M)#?DS"-^B"`P,<+T[+V-HFQ]-%EI4.:Y<#
MS9F`\R5AU)Z**G*@X*/%B6*B;IW;JV[;XW>HRT@4GRXE)R1@]`.K&@S,>+'P
M%`(3]3+$7Q=GP?\`%M09'KN'S"YYY-+T?Q-AK$GXQCI7GK]E;Y><+Y=778G`
M&Q]K7XW>,$JCD`&ZQL8K2$AM#'_]1$OW=7O?INS8[G2M$ECFUQ:J[GVHX&_!
MI_I)A^`/90^_6A3$Q32]N;6VY+O_`+G:NNF[/BID!KYUTQ!*1PH*NQ>ARA`7
M90S#*@,BR4Y`<[,PV]15/&#B9KXFA.-<-78UB>GM95J@RG/63#D8C<K)CXRS
M[.1>E,XAZR,\K)1S/=+).-Z2IS_W'NW6=T7\]U>74LLTK>T6)9WZ`$^%.`1?
M9`X`4`PCG>'YGMY]V)%V'V\TZ?2=AR-Y45E;`FZO<QH!<&*K-YE>-M$2C$GS
M#.P5A+_B-X1L^SA*W->4]Q*UGC!%!+CZSQX\.7L&WCJGNHS(+;M,IL-CF:K.
MX6-G6"M5XR,AE:CNOC3]M2RTDOFR)^"/>/TGD/V3]&+2[-?(?N+7A:Z[W;O7
MTK2C1A8PE6O)!SI-)[45L#P]D"6:F966!@#AC#2O'K2_';&FXGIG7>.X)5.:
M%)Q:N*XMU=%`U6BE9#D4Y\J^R"6Q%5&EF23/8U?2U4;V1)?;6EM9IY=M"%7T
M<S])YGUG'3/8O;?8W;32QH^Q]M6VGV9`SF-:RRD<FFF<M+,PZ-*[$#@*#AC<
MW7IQ-\'1@PA;*JRZYYTR*6,$3#X)RR+5QXYF=@M+B^X'1!!*,)U_5-?!1KFL
M)^CZ([^GJK2ODZF5`XK/3ZGQ_/3+:/MGO_)8Q(!)I^\3&%(X5@U+*`0#RJE"
M`WT'KC6?G>JOM_D_Y!2_?][[[4:9M?;]KV_B^SI/7U)['K]Q_O\`J^S^[ZNS
M.WN>GM^'U.ZC=D9?,[:Z"F6F1[A?I_WB5J^CWJ>K'5/NQ'DWWK#5KG6$_1]A
M&O[5?7BH'JV,5Q@Z,&/IKG,<U['*US51S7-56N:YJ]T<U4[*BHJ?1>OSGP/+
M'[AI'Q5>=6QPQ<;X[\W<CEW.(*^#1X'R"M7EF7.)B0;8D&DVM*[$E7F.M<T;
M!7KT?-A*Y5G./'59$59^Y_9..\^(W!LRW"7?%I;5>"OU+0#DK\ZQ>ZWW@5O9
M:^=@=UWMO(T;=,Y:VX+'<'BR=`LIYLO*DGO+]_4<5;X^[U/VG[_]TKOL7V[[
MO]Z^;&^T_:?C?-^Z?<?=^']N^'^M]_U^U[7XO5Z?KTJ'E2^;Y'E-Y^;+EH<V
M:M,M.=:\*<Z\,,;YD?E^=YB^5EKFJ*4I6M>5*<:\J8__U7U,RRRFP/$,KSG(
MSOC8]AF-WN67LD;6O)'IL=JY5Q:'8Q[QM>\4*&]R(KFHJI^E/T]>BSM9KZ[M
M;*W6MQ-(J*/%G8*H^LC&"YN(K2VN+N8TAB1G8_BJ"3^P,>9'R_Y4[(YE;[S?
M>NRYYR3LBGEC8SC_`,AQ:O!L)AR#_NUAE&+LP08%-"+V(]K6OERWFE%]1SD>
M[I!M/;&G;0T.RT33HQDC6KM3VI)"!GD;TL>0^]4!1[*@81G<>OWNY=7NM6OG
M.=S15Z(@]U%]"CZS5CQ).(Q]23&BQ?%XV>#^K,+UA)\BW.6J`31&*RS`T3IV
MWBM?.Y`["BH=]2<E5*[!M,1#/KS#C1"L=&L31SR)GHK(9DEK3WR[P)M>UN-M
MZ%=E=59:32H?:B##A%&>DSCB6'\FO$',:I+EN=K=NMHWO=3N,P&@V]5M;8T\
MR^N:,8XHU/O9BIH#[-%>20K#&Y.]3MY;^73?K!UE>&!B^.M^+7Q&NE5^IM(X
M:8_8`2&&%4F7,L0VHY1B)9VA!)Z!LC`:R,@C-J.XKPL>5>M<J`^)ZD_6?H'!
M%)CWF^<[N-6W@":9;\%%673],MV;A5J>W*P`J0K3W#+P58HP(F6N'/C[T7PY
MI`2,7K&YAM&5$:'(=L9)#COR&2\@7#EPL:C(IH^'X^12O1(T5RG,-6ME2)*L
M:Y)CIVDVNG*"BYIZ<6//U>`]`]9..H_9/Y<=@=D[".32;47N['2DVH3JIF8D
M498%XBVA-2,D9+,M!-)*5!$Z^MIA@,:WVMM_6>CL-L-@;8S.DP?$JWLPUK=2
MO:^3*<,A`UM7"$TL^YMY3!.]F)$$:27TKZ&+V7K#/<0VT9EGD"QCJ?VO$^@<
M<1C=^]-K;!T.YW'O#7(+#1HN<DK4S-0D)&HJ\DC4.6.-6=J&BFF%X.37G5R>
MPEV6-<5\(AT%4Q2QA;-V)$99WTM.SF)-H<+&3[/3HUZ(\3[$MBI6+^LBB=W;
MU$;W<[DLEC$`OX3<3ZAR'KK]&.:W=3_Y`-5N9KK2^T>@I;68JHOKQ0\S=,T5
MJ#Y<=#Q4S--F'O1(>&+U>'F?Y#M/BWH?8>6W2Y%E67:SQFXR:[='APW6-_(@
ML;<2'Q:Z-"@1GK8L(CF!$,3514:U$[=2C3Y7GL;6:1JR,@)/IZ\L=`.RNXM2
MW;VF[>[EUF^^)U>]TJ"2>7*JYYB@\PE4544YPP(554<@`,)^\G($RM\C^V8]
M9%%#L"<J[*?`%,&44=\ZUV&.TCRCM5$(L:=)F(=7-_KL)ZF_14ZKZ]!76)PH
MX^?]UJXXM]U;>:U^9S>,=I$$N3N]W0,"!GDO!(&/7*[-FJ.8-1P(QHSSX?S,
M]Q_V2U!_\8XSUT[[&_JXTC^=G_\`6?'37NY_SSJ7\W#_`.DN*:NK>Q6F#HP8
M.C!@Z,&&3/&%S9RW-^`WD0X7;"N9MZ'7O"#D;LG34ZQ.21)J,/BZXR"AR_"&
MRCN<Y];56>15TNKCHJN`$TMC>P1#8-=^Y.S;2RWUL#>%A"$-QK5I#<`"@:0R
MJT<E!U8(ZN>I"'WB2;MV)NBXNMH[RVQ>2EQ#I5S)"3Q(01LKI7P!92HZ`MT`
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M&B%OD;+:\;H,K(ILN)319"=_C2K(9G-5@W=0_N+NY-E;5O\`6`0;TTC@4\C,
MX.4D=0@#2,.JH1S.))LO;OZ3:_:Z?*V6Q0&2=JTRQ)0MQZ9B0@/0L">`Q>/G
MD/+O*;RYH-&:+$'#.+NB:Q,1P<U=7/%B&!:OQY\2EEYL*H:Z((EOF'V^."H@
M_J2NBCB!>@V`E';RVU&ZO=UZU/*\[."[,SM4DEC5I&\6<\?$\/2<*GNZ?<GS
MC]\8=H[/F-OVUT8-'#*%/DV]HC!)+PI5<TUVRJL$?LL4$*-E$<L@9]T'H/6?
M&K6=%JG5-$RFQNF9[LF27VS7.1W)AB98Y)DEBP0G6=Y9N$U2$5K6#8U@0L$`
M0A,EMK:PV4*P0+1!]9/B?$G_`.@X8ZI=N^W>U>UVU=/VAM#3Q!ID`JS&AEFE
M(&>>=Z#S)9*#,U```J(JQJB+N?KTXG&(F<PN8>L.&NLW9UGI#6M[</EUN!8)
M6&$R[S&]!&4Z@&\B/;64<#U#=86!&/'$&1J-84Y``+X-0U"#3H?-EXL?=4<R
M?VAXGI]-!BG>]7>O:G9':QW!N%C-J$Q9+2T0@2W,H6M!6N2).!FF(*Q@@`/(
MT<;J/Y7F?+CR@;\C0@PK'-<DDJ=U#B%*IJS7>L<9<9GR)#?F225V/4\=%8DF
MPF%?,G%0;'$.9P1K`9)+_6[H"A9^@'!5'[0])XGTG'&[5];[R_-?W#B@2"6_
MU1J^5;Q52SL8*BK>TQ2&,<`\TC&25LJEI'*+A@GB+X=-#Z/B5F4[MCUF]MGL
M8.0:/<0G$UAC\ONCU!38I.8C<D4'?T+*MV%87LA&1(SOHDLT_;UK;!7N0)9_
M3[H^@=?I/U#'1SLS\D_;[84-KJV_(XMP;K`!(D6MC"W.D=NP^WIR\RY#!J!E
MAB/#%P42)%@18\*#&CPH<0(X\6)$"./%C`$U&"!'`%K!!"-B(C6M1&M1.R)U
M(````!PPZ<,,-O%'!;Q*D"*`JJ`JJ!P``%``!R`X#"5O)@#,D\JF85T`[5=9
M<J<1I&&]!%:.8F58Y4':YGI1[_CS&.:O9/Q>GZ=T[+U7%Z,^NR`'G.!^R!CA
M?W3C75/FYUJUMY!67=UO$#0\&^(AC/#F:,"/33AB&7G5O!W/D^Y$!"Z,0-#!
MU!1L-&,TS2D%I?7]A+:9S5<QDF)/L2QR,3ZL<'L[LY%3KI[V3A,/;;0":U=I
MVX_UB4#U$`$?3CH?W7E$N^]9`I1!"O#^9C)]8)(]6*BNK7Q76#HP8.C!@Z,&
M+K/%!HO*;O3/DWY$EB38V"8%X_\`DMK&-8J'VX=MG&<Z[G7GVZ-)*BMEK18W
MC!33!"_&!T^&Y[FM(QI:<[HZW;0ZQVWV^'!OI]>LYB.JQQRA:D=,SN`I//*X
M%:&EH=OM*N)=,WUK)4BTAT>YB!Z%WC+4!ZY54D@<LRUY\?_7?XZ,&*'?+1X=
M*#F>"?O71+*G$.3E95C%:0)+X]7C&YZZJC';"K;Z3Z1`J<["-!QX-R9WLE`,
M<6:J!8"1$N_M9W;GV>R:)K9>7;;-[)%6>W+$5*CFT7,M&.()+)Q+*]3=P^VT
M.Y@^K:3ECUU5X@T"S`#@&/23D%<\"**W``K4MP/UMFG#GQW^1';F;8CD6!;M
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M4S.O\H:V%=;;#(XU!OC=^!\=-59;M[8]C\#&L3KW2%`%1NLKNT,OLU..TD<C
MQI+N;J<Y@`,56L:KE>1S!,>]OGNKF*S@DN)C1%'K)Z`>DXA?<+?NWNV>T=9W
MGN>Y\O2[..M!3/+(>$<,0)&:65Z*@J`*YF*HK,$^85/R4\M'*VRL1L<'Y9!.
MG3SK*D8-I/6H996UU>Q[6QVE^.-ST`!B#EW-BXI7(U7G*.O@MYKU^S?_`&HO
M0?Y<2?7CBS!9=T?G%[OW5TH*YR,[G,UKI=B&.1`>%:"N11EDN9B[FE9'5M7B
M_P`5]2\2];PM>:MI6A<]L>3E663V#+D^:W@P-$:YOIZ-1R]W([V(H_1$AL<K
M`L:BN5T]LK&WL(1#`OTGJQ\3^YR'3'8OM1VCV=V=VQ!MO:5B%)`:XN'`,]U*
M!0RS/]>2-:1Q@T114UDAU[,6?@Z,&$W-?UO\5_,JJ1!I("SF?FV4Q5`.2U"5
MVM,XR#+03'#>6.<:K`Q-#$1W9&KZO4Q6HHUKR(>?N+AR^))_@L3^UCB3MRU_
M3#YW3Y*YHQOBZG6@;BEC=37`:A((]BW#&O+C52/9Q3?Y-LW'L+R!\O,D#)9,
MCCWGF^,190R-*$\3!+%V#1"@*Q7,+&?&QQJC>U5:YG94545.NK/;>R-AL/:E
MN5HWP4;D>!E'F&OIJ_'TX=??-T+S>&XYPU1\6Z@^B,^6/51>&(+=3;$4P=&#
M!T8,6=>.?Q=[L\@.8-EU;)&OM$4%C\;.=Q6E<21"88#0E/C&$P"/C,RG,#",
MQ7#:1D6`)Z%DE:JA">MNX/<O1MB6F24BXUN1:QVZFAH>3R'CDCX<Z9F/!1S*
MSK9>P]4WA<YHP8=)1J23$5'[U!PS/ZZ*.+'D"][A?#?1&N^+%UP[PC&I&-::
MR/7.7ZUO@5DQHLFN:_/J"?C^7Y%97[H[R3,PO(]F8Q)KQJC3*U&#8$8Q-2*\
MW=KFH;GAW;>W(DU>.XCF4D>PIB8-&@6O"-2``H/*M2222V-KMK2;+0)=MVL!
M33'A>)J'VF$BE78M3B[5)+4Y\A0`8__0?XZ,&#HP8KC\G&`!S[1.O:F3&>6C
M7E!Q[?E@@C&HY5)?YM#P20D_U.:A!/+DT<:*J$_$@T[=OJW4:W&9K2!6J4$T
M=?H+4^ZV%E^:O;R[C[?;9LIHRVGC=>C^>`!0Q372VK!J]"9U'(\<O"G$6.=;
M?#-8.C!A5#R0;MS[G?RVQ7A_H537V*8+DY<:B@AR/539#L<:'CYAFMK*C(03
M<<P:O::(P[T(T`H\TXU<V2C>H+K%S+JE^FGVO&-6IZ"W5CZ%Y?6>N.1'S.[\
MW%\P7>/2.RW;W-<:/I]V8%"G[*:]%1<W4C+4>3:IFC#FH14GD4D2@88.XB<5
M<`XA:>IM884%DVR<@K7.LP-':&SS7+3`&.?<2T]3W1H`?3[$"(CG,B1&-;W>
M12E)+-/L8M/MU@BXMS8]6/C^X.@QT?[,]HMN]F-E6.U-"0271I)=W)%'NK@@
M!Y&YY4'NQ1U(CC`%68N[2AZ]V+8P=&#&&R.^K<5QZ]R>Y-\:GQRFM+ZUD?A_
M45M/"/83C?C>QGZJ+'<[ZN1/I]53KY=Q&C.WN@$GU8\.IZA:Z1INH:K?/ELK
M6"260^"1J7<\:#@JD\QA1/Q4RHS^2&^>6V>#:F.:`TSM[=63V2_JPQ;>YB3W
M2QJ9@E'&63C!;PB/]"]FA7LQ?Z(CLK39];W':VT*UN)I%1?W\SA%'KS'''OY
M*=/EU_O1NKN/JB5@TG3;R\D?H)[HE*5`H,T3W)'#DIH/!8;*<CM<QR?(\NO3
M-D7>57UOD=Q(:CFM/:WEA(L[`S4>\CT:67*>Y$5SE^OU5>NNMM;Q6EM;VD`I
M#$BHH\%4`#]@88ZXGDN9YKF4UED<L?I8U/[)Q@>L^,.#HP88`\6'A1S7E:2@
MWIR2A7>O>-[G1;7'L?53U&;;ICH9"#2L3]7/QC`)@AK[EL[VY4X+V_;D])/F
M@HCN;WCL]KB?1-NNEQN'BKMP:.W/IZ/*.B<54C[3B,C6_L'M?=;@,.K:VK0Z
M)P*KR>8>CJL9_#X%A[G/,';\$P/"]7X?C^O]=XO1X5A.*5PJG',7QNNC55+3
MUXG.>D>%!BL&$?N&(\A']E>4KW$>KGN<Y4TOKZ\U*[GO]0N7FO96S.[DLS'Q
M)/U#P%`.`PT=I:6MA;0V=E;I%:QK154`*!Z`/K/B>)XX[;UY<>C'_]%_CHP8
M.C!C7&W==Q-KZWRS`94I*\E]7,6JME`LG['DE5+C76*Y`V+[H4E/Q_):V)-:
M)7M:5P$:J]E7K#<0B>&2(FE1P/@1Q!]1`.(QO/;4.[]L:QMV:7RVN(AY<E,W
ME3QLLMO-EJ,QAG2.4+4!BE#P.-C]9L2?$%/(QR>_PJ\7LTS2IF?&S_*^VO=9
M^AW8X,MR.),[WH^W=6?NK2Q9=DQSFN&Z1&$)W^53K5ZO>_`V4DBG[5O97Z3U
M]0J?53"__,SW6_PB[3ZYKEG/DW'>?[G8TYBXF5OM1X?#Q+)."05+HB'WQB)W
MA]X6)I#52\@=A5:MVYN>J#*J!6`7)8X;K264<^M@.]WN0-MF9!!LYJJOK;'2
M(%S1E&=KO!M[3?AH/BY5_P!XD'#T+T]9YGU>G%/?)9V,_0+:/^(VY+3_`/,M
M<A#1AQ[=M8L0Z)QXB2Y(6>7J$\E"%=9`;G.I'AX<'1@P=&#%=/E4W2'3'"K:
MQ`RVQL@V9$!J/&Q>\P19)LW:>+D?M*OJ)ZHN$1[0R*Q%5'C:G=O?U)J-<N1;
M:;/Q]MQD'^=S_BUPM'S<[Y38_8O=[),%U'54&G0BM"QNJK-3K[-J)VX=0.(K
M4+G[3M?\'?AOR#Y)FU6VO(7L"!24\1?\VN`Z2PI[9<^<L=ZL>>MG00R!N*GK
M8L3+8_9K7.]75O?+-M-M2W1%J\T1-M:*9R:<,Q!C@4^G,6E7]YA;_EVVJ_;O
MY>+G6[M/+U[=]X)%!%'%C!58:@\PWVL@/$&.Z2@!XX6IZZ"XWN.3#AR["7%@
M0(LB=.G2`0X4*&`LF7,ER2M#&BQ8P6O-(D2#/:QC&-5SW*B(BJO7R[I&C22,
M%102230`#F2>@'4X^E5G94127)H`.))/(`>.&Y/%5X)P4;L;Y$\XL<9*NQO@
MWN`<=K03"0:I4&V5!N]PQGHY)MHPKF$%CB]@QU&B6/O.<2$%5.Y_>UI_B-O[
M+N*0\5ENUYMT*P'HO0R\S7[.@`<L3L#M0(O(UK=4%9>#1VYY#J&F'4^$?(4]
MNO%0U6$(8X11XXA@``;`@`%C1!"$348,0AL1K!C&QJ(UJ(B(B=DZ6$DL2S&K
M'F<7\`%``%`,?IU^8_<'1@Q__])_CHP8.C!@Z,&#HP8HFY"8N[GEY,<(T'*:
M^QT3Q&QP&8[6"U7OK;7++MU=<'H#O]`X\E]T]::K(!7.**-&LWC<CD>UL7NT
M_.FM16IXVMNM6\"3QIZ^`^@-CG[W(TD_,)\TV@]NY09.W^S;47.H#CDDN)<D
MAA)H`QE/PT!2I942Z*FH8"]=C&#8P8V-&,;6L&-C48QC&(C6L8UJ(UK6M3LB
M)]$3J48Z`JJJH50`H%`!R`Q]=&/W!T8,'1@PN-RWER_)/SBQKCEAEJZ-QVXP
MI96FZ-@!D?&H(DMLN-_$&=]V)[<!LN-'JV454XOJ]N6.?*8KXB%>D2O$DU[5
MH=.M@6@B-&IQJ20"!3F3[JCG6I'#',OO`UU\T_?_`$?M;MZX;_#K:Q9M1NE-
M(PY=1=D/[I<!%M+:M:2BXE7-#G(75\KG,RKY?\F)#=<N#$X]Z.IQZCT+40!E
MC59,3H'LC6&7189/1["9?81&DC=QA(RHCP`D9[@7*O2OM/LA=D;5MK:>(+JU
MS26?\4THD7T1+P/$C.7(-",6]OC7;35]4AL](B6+;NGQ+;6L:BB+%&`H*CH&
MH,HH*1J@(J,0(U7JC8^[\^QO5VI<.N\\S[+IXZV@QF@C)(FS#O\`Q$,8A'BA
MUU;""CC2IDH@8D..QYCE&)CGI/M3U33]%L;C4]5NT@L8EJSL:`#[I)Y*H!9C
M0*"2!B,:?I][JMW!8:=;/->2&BJHJ3^T`.98D`"I)`%</*>+KPTZYX71*3<.
MY&TVS.3YHBG!8-$D[#=1NEB]):_!!2PL=/R1@7.%)O2C&;TN>&(P(E*^2EG<
MON]J&\'FTG2"]MMH&A'*2>G66AX)U$8)'(N2:!6IV'VTLML+%J6I!9]=ISYI
M#7I'7FW0R'CS"@"I:\;JEL6I@Z,&#HP8.C!C_]-_CHP8.C!@Z,&.I9]FE)K?
M!LRV%DI_C8]@V+7^77A^Z>H=5CM7*MI[F(O]8OQHCD:W]+G=D3ZKUCED6&*2
M9S["J2?H`KC3;BURPVQH&M[DU23)INGVDUQ*?".&-I'IZ<JF@ZGAB"_C2U1;
M8IHZUW;G4%`[<Y79=;[XSZ01CFR00<LG3;/"J%KB+[K:ZNHK%9@@O1KHYK(S
M.W9$1-9HT#1VK7,H_P!XG8NWKX@?5Q]9Q0/RM[/O-(V%>;[W!;Y=Y;OO9-6N
MR1[02X9GM8N/'(D3^8JFA1IY%Z4Q8KUM\,O@Z,&/E[V#8\A'M&,;7/(1[D8Q
MC&(KG/>YRHUK6M3NJK]$3HQ^,RJI9B`H%23R`Q69OWD)LGD"'(=%\*I0%`5D
MNIVYRUF&-"U%J"D"PR9)7X?EC$9&S38P8+?2OVHAPU?NHYYA%1Y8>GGN+F_;
MX'25+.QRF05RK7A1:>\YY`+6E?'DK7<'N)NON7\?V[[#,&SDQ7^X#F&GZ?'Q
M$T=K..%U>Y>%+<NL&8$NCU>%9/G?SITII/2MMP!X!W"W.*6Y%!R:Y,15"EIN
MNW$PD:RQ?&+2.XBGPLI'.9(E`)\4T7_-(CBQ22I,YONR79/]'1;;EW):Y;X4
M:&%A[2MTFF'1Q_HXS_)^\WMT"P+3M,V?VHV>.V_;?[2.2AU#4"!YM]-2C585
M^SYA54Y%3V$+!I'DJMXB<-]Y\V=J0]5Z0QE]E*9\>7EF6V2'B89@%$8KQNOL
MNNF!,R#'<@2)'CL:29.(Q1QA%>BHE_[KW=HFS=,?4]:N<J\0B"ADE;\&-:\3
MRJ315!JQ`Q@VYMK5=T:@NGZ7!F;@7<\$C7\)VZ#P'$L>"@G#\_C^\;NBO'_@
M/VG!H:9;M3(($46QMR7L&./)<GD,]!C5=,!KCMQ/"P3$]4:LCD>KD8-\HTH[
M/>Z1C??</6]]WWFWK^5ID;'RK=2<B#EF8\,\A'-R/$*%4TPW&S]DZ3L^S\NT
M7S-0<#S)F'M-Z%_`2O)0?`L6(KBPSJ`XF6#HP8.C!@Z,&#HP8__4?XZ,&#HP
M8.C!B*_,#"KG:^JJS2M2.8V)N78N"X/E]A"<\9:K74:V_?78YU.W]7'6QPC$
M)]<-7JC7'FC8G=SVHOAU"-IX%MEK21U4GP6M6^M01Z\5'WIT*]W?M&TV+9JX
MAUS4[2UN'6H,=DLGQ5Z:\AGM;:6%:\"\JKS(&)01(D6!%C084<,2'"CAB1(L
M<;1`C18XVA!'`)B(P80B8C6M1$1K41$Z]H````X8MB&&*WABMX(U2!%"JH%`
MJJ*``#@``*`=!CD=?N,F#HP8T'R&P29E>OLGL*37D'<^55&/RR8QI[+]C7>!
MZUSRQ8Y2K2Y>*+$N<7M1SF?03;JLGP_>&-BK%8\LAOHLK/3+V_M(-8NGATUG
M`D=4,F53S;RLZ!Z=022!4@$^R8ANW:^G;BLI?SAIAU`)&0MI+/+':3=2L\*D
MP3AN%%N(I4!`H$JS80\Y^^1[G'NZWR/CUN"&O'+!L+G.QNVXU8!13,`I*YM>
MX;X57EXBF)>91&#&9'($,@ZT[T:.3%BC1S7J]_;_`+;[%V]:V>L:"JWLSH"E
MRY5^'+[(`!(^H]E<XXJS&E,+!NC=VY+M6V]<VZZ=IMO2,6D*>3&BK[J%1Q*@
M4HO\GR*J.&,%XY/%MNSR`9<RP@,D:]T)C]BV/G.X+2`0L8A`N&^1B^!0"^TS
M*<P*)Z*]$>V%7#7W)16O='CR?7W![F:-L2T,<A%QKDBUC@4\?0\I^\C_`(SG
M@HIF9?S9>PM4W?<!T!ATA&]N8CAZ5C'W[_Q5YL>09]KC-Q=TKQ$U94:@T9B$
M7%L6K52782W^B5D667I`A!-RC,+M1"DWN03V`8CS/1HQ"8P(!ACC$)B-[CW+
MK.Z]3EU;6[LRW+<`.2(M:A(UY*HKRYDU+$L22V^AZ#I>W;"/3M*MA';KQ)YL
M[=6=N;,?'H*````")O('C'O'*<CY(Y-IK(,DQ+*LRC\49>G\B39V0`IZ/),,
MW4N8[DFOQ@^0FK*ZIFXW35;+&.R&/[K`86&!'*4C72G0=R:+;6^W;;5X(Y;6
M$WHG3R5+,DEOY=N,X2I8.SY#F.1J.W('$>UC0M5N)];GTR9X[B46AA;S6RJR
M3YYCES4`*JN84]M:J.9QOCASAF]<1Q'9T[D'(ENS38.W[39L.I/DT;*8&(U>
M98'KV?98'CDV)*D@!BN"9LRXJ:UB(%3Q(;)3AHLA5=H]W7FB7=WIJ:"H^#M[
M182P0H9&CEE`E<$`EY8_+=^=&8K7V<;;;5MJUO;W[ZP3\5-<F4#,'"!XXR8U
M()]B-\Z+RJ`&I[6)>=13$CP=&#!T8,'1@Q__U7^.C!@Z,&.N3<QQ&ME%A6.5
M8Y`FQU1IXDV\K(LH+G-:]K2QSRAE&KF.14143NBHO7H2TNY%#QVLC(>1"DCZ
MP,86N;=&*O<(&'0L`?NXSL>0"6`$J*<,F+)".1&DQR,,"0`S&D"<!AN<,H2C
M<CFN:JM<U45%[=8&5E9E92&!H0>8/@<900P#*05(X''[=?F/W'!L;2MJ(RS+
M:Q@U<-KV#=+L9<>%&0A%[,8IY)!"1[U3Z)W[KU]QQR2MDBC9G\`"3]0Q\/(D
M:YI'"KXDT'[.,!^_^"?[:XE_O)3?Z;UG^!OO^#E_@-^YC%\9:?\`%1_PA^[C
MF5^6XI;2F0JO)L>LII$>X<2ONJV9*(T;5>1S(\>20KD&QJJY43Z(G=>OB2UN
MHE+RVTBH.I4@?61CZ2XMY&"QSHS>`8$_L'$3.4/CRX@\R+G&\EY`Z?K<OR?%
MACB5N3UUSD>(9$>G&8DAN/6]SB-M23[JA:<Q'BCRGE;&>4C@*)Q"*Z5;:W]N
MS:,-Q;:#JS16TO$H521`W+.JR*P5J4J5`K09JT%(]KVS=N;EE@GUC35DGCX!
M@S(Q7\$LA4LO@#6E32E3B5."X+ANLL0Q[`->XQ289A6*5H*?',8QVOCU=-3U
MT?NHXT*%%8P0T<]SGO=V5Y2.<]ZN>YSEC%[?7FI7=Q?W]R\UY*Q9W<EF8GJ2
M?V/`<!PQO[2TMK&VAL[.!8K6-:*JBB@>``_R)XGCCM?7EQZ,=:EYGA]?)-#G
MY7C4*9'?[<B)+O:N-)`1$1588!I3"B>B+^AR(O7H2SNY%#I:R,AY$*Q!]=,8
M&N;9&*O<(&'0L`?NXS4"P@6D44^LFQ+&"?U^Q,@20RXIO:(\)/:D1WD"3VS#
M<QW95[.:J+]47K$\;Q,4D0JXY@BA^HXRHZ2*'1@R'J#4?7CE]?&/K!T8,<>7
M,B0(QID^5'A0X[%)(E2SBC1@#1417F.9S!"8BK^ERHG7TB/(P1%+.>0`J3ZL
M?+,J*6=@%'4\!CK7[_X)_MKB7^\E-_IO7H^!OO\`@Y?X#?N8P_&6G_%1_P`(
M?NX__]9_CHP8TMR,WCB7&K1>T][YN88\<UAAUMDTB.\Z1GV]A'$D>@QN(=S"
M-9991D$B+6Q.[519,H:+^GK<;?T6ZW%K>F:)9#_>+F94!I7*#Q9R/!%#.WH4
MXUFM:K;Z)I5_JUT?L((BQ'*I^]4>EF(4>DC'FWW>);[Y9FY3<M)55)R6/AEM
M%VENW(0LE+'JI>ULZ2IK(M=&8.4K(XY\\SQ1_4P4.J@%=W:,")UT.ANM#VL-
ML[5641M,AAMT-*L((\Q)/#C0"IYL[#JV$FEM]7W"=?W"T9<1,)9VXT!EDH`!
MQX5)H.2HIZ##?/Y?#F`N\.+$_CWE=B,V?\9Y42FJ$,5OS+?4>0DERL.E(QWH
M<9<5L`S*=Z#:K(\,$#UN]9OJI_?K:?YEW/'K]K'2PU(%F\%G2@D'^>,L@KS8
MO3@,,;V>W)^==`?1[AZWEB0H\3"U2A_S#5.')0E>)PP!U1.+?Q1]^82_ER9+
M_>UJS]J3NKH["?K!MOZK-^2,59WB_P"2Y_ZQ%]TX6*\:GBLO_(W1[:NJ7<U/
MJENJ;7$:N1'M,*FY8ZZ=ED._EC,$D3(Z%(20DH5:YKD)Z_<145OI^K(]Q>YT
M';Z;2H9M'>Z-TLC`K($RY"HZHU:YO12F*+V1L";>D6HRQ:FMO\.R#BA?-G#'
MHRTIE]//%EEE^6%V>*.CJCEK@4Z5[C44-EJ[(:J.@E1WK>DF-EMP12-<B=F^
MRB*BK^).W9:ZC^9+32U)=JSJOHF1C]1C7[N)N_8J_"_9[BA+>F)@/K#M]S&B
M,Y\8_F`\?L,^PM`;1R?-L5QUA)\QO'/8V7R9L6LB`:WUWVH;Z'2DR6.P8D1T
M2%!O!L8QKW-1K.[=W9=R.TV_'6PUW3(H;J3@/BXHP"2?O9U+9#^,S1GH.?'4
MW>Q>X^SU-YH]_)+;IQ/PTCD@#\*%@N8>A5?QZ<)N^-;S\66=9?CVB^<G[NU%
MG>R(E%BN_JN$#&JLMV9WL18&UJ,'MTM-]TE.03+BO'#@1B.8DF*(2DECAG<7
ML5'96EQK>RO,>-`6>U8EVR\R8&/M-E''RV+,17*Q-$,IV1W=>[N(=)W5D61R
M%2X`RC-T$J^ZM3PSJ%4&F90*L&I.ECQ?N/-V\K<<\OR1<M(L4!I,J3M^9'C1
MHXWF/(.:NJ!A``(VN(4Q2.1K6M17.<J(B=^NAG:]E7MYM9F8!1:`DGD!5N)P
ME'<`%M[;A502QN30>H8O7_+9<N'6%)M'AAE=CZI%`^5N'4B23E<]:>PD0JO8
MV,1$)V`&/76YH-K'`/\`6$)8V!53TL54I+YB-J^7-IF\+6/V9*6\]!]\`6B<
M]22N9"3P`2,=<6OV2W%GBO\`;-P_%*S0U_!)`D4?0<K@=<SGIAK+I8,,!@Z,
M&%K_`,QQRW=KO1>$<3<6LV!R?>DX67;!"`@UE0]5X9:B/5PCM0C)$5F7YW""
MHBM16E!22PN_"]45B?E\VK^<-;O=TW4=;:R7RXJ\C-(M&(Z'RXB:CH9$(Y8I
M+O3N+X/2K7;UO)2>[.>3Q$2'@/$9Y`*'J$8=<)>?#E_+^!\61\[Y'P_A>P7Y
M?R_=]GXOQO3[WR/>_!Z/3ZO5].W?IP<Z9/,S#)2M:\*>-?#TX63*V;)E.>M*
M=:^%/''_UW^.C!A33\R5R^]+-:<*L1LF*K_@[@W!\0_=[6M6=7ZXQ.;[2]F>
MI4EW$F,7\79*TR(B*U5:7Y>-I\=1WC=Q^,$%1]!E<?Q8P1_K!A>^]FX^%CMB
MW?PFFIZQ&A_9<@_B'%DGB>X#XMK+QN)K;;.-L/=\N,5N<RW'7G$,=D/&MCX[
M]HQ3%W'-&^5`DT.`FC'4)&J^ON9DM6HCNZ]5YW2WS=:EW#_..EW%(=*E6.W(
MY9X7S.]*T(:4$5'O1JG3$V[?;1M['9/P6H05EU&-GF'7+(M$3E4%8Z&A]URV
M%=>*VQ<Q\3?D^)0;!,>+0X)L*XTMM][V%C1K[4F4V$00<T%'^ABP&5;ZK+:Y
MB^E3MC@:[TH]R=,MN?3[3NEVV$]@`9Y[=;B#J5G0'[.OC7/`YZ58],4/H%[<
M]O=]F&\)$44S03=`T+D>W]%,DR^-!XX]"N/(!+`"5%.&3%DA'(C28Y&&!(`9
MC2!.`PW.&4)1N1S7-56N:J*B]ND(965F5E(8&A!Y@^!PXH(8!E(*D<#BD3\P
ME_+DR7^]K5G[4G=7/V$_6#;?U6;\D8JWO%_R7/\`UB+[IQ"#\L#_`*B<P?[6
MZ<_8VP^IG\R?].VE_-7'Y46(KV)_HFY/YR'[DF&H.EDQ?N#HP82B_,/\*L-T
MEMO7W)G6-#!QS']]R,BJ=C4M3''#K(^TZ1(ULN3@BB]`(\C/*>P*24P3&M?-
MK3R7]RRGN5Q^P6\;S6=*O]N:E.TD]B$:)F-6,+57(3S(B8`+7[UU4<%&%@[R
M;7MM+U&SURQB"0W982*!0"5:'-3IY@))I]\I8\6.+]O"AR4O^2_`;7=MF%G(
MNLSU/>7NDLFN9A7&F6C\,C5%EC,J89[?</.3`\DJ1G,]SR'.-Y7N5[W=47WD
MV[!MS?6H16D82SND6X11P"^86#@>`\U'('``$`<!BW>U^MS:YM&RDN7+75N[
M0,QYG(`5)]/EL@)ZFI//"F/.;^<AM'_BSPG]N8CTTVROU1Z9_=4GY,F%ZW7^
MLJ__`+Q3\I,;DYDX;D7B8\L]1MW7U=*BX!(S2%O/`JZ"A@1;/6^<SK*NV1K>
M.52``P<-3W-*(3C.<."^*4BHI$ZU&T;RW[I]K)=*OY`;\0FVE)XD31@&&8\S
MQI'(33BV8#EC9;EMINWO<./4;-"+,RB>,#D8Y"1)'ZO;0"ONY2>>'JL)S+'-
MBX;B>?X=9ANL2SC&Z/+L8MXZ/:&TQ_(ZR-;T\\32-:1C)=?,&1&N1'-]7941
M>Z=)->V=QI]Y=6%W&4NH9&C=3]ZR$JP]1!&&NM;F"]MK>\MG#6\J*ZGQ5@"#
MZP<9JRL8%/73[>UFQ:VKJX4JQLK&<<<:%`@00/DS)LR29S!1XL6.)SR/<J-8
MQJJJHB=88XY)9$BB0M*Q```J22:``=23P`QE=TC1Y)&"QJ"23P``XDD]`!A"
M:F!<^9/R[$E2A6)M3W>:EL98U8X*XYQJU0]@H<:0@WM=5SLNK8P(SW,4B"N[
MY7?B:O?IY)FA[1=J0JE1JB0T'X]Y/S(_"$9)(Y5CBIA2(A+W*[BEF#'3WEJ?
MQ;:+D/07``]#R8T_]HJ?^M_]@^UUWV+_`*JWVC[+\*-]I^T_XN?A?:_MWM?#
M^W?#_5>QZ/:]K\/I]/TZVWFR_P"#'G^:WG_HOFS5.;-\#7-7G6O&O.O'&N\N
M/_%/R?+7ROT@IEH*4^+I2G*E.%.5,?_0>ZVILK$]-ZUSS;&=6#*O#M<XE?9G
MD<URL1XZG'JV192AQF/>Q)$Z2R/[4<*+ZSG>P;45SD1?=IFG76KZC8Z78QYK
MNXE6-!^,Y`%?`"M2>@J3P&/)?WUOIMC=ZA=OEMH8V=CZ%%33Q)Y`=3080)XP
MXW<^3[R8V6R]T)"#@EIEN0\A]]'M)??'L5TKKM8U@3%ITX[A$'C@ZF)5XN(J
MJCPQCL(Y41CG(\N[-0L^U?;%H+"7)+!;BW@;D3,X-9?`,#YD[=*J1UPGFELF
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M4%`JD*X91?EX*N7_`/B9X8TN"9+9,E;.XUFKM5Y$PLCW9]EA(8'NZOR8K'.>
M5H9&/Q25#GO<XAI=(<KNR$:G4`[V;3_1S>$U];QTTW409DX<!)7[9/4Q$G@%
MD4=,,OVHW'^?-LQ6D[UOK$B)O$I3[)O6H*>DH3UQA?S"7\N3)?[VM6?M2=UF
M["?K!MOZK-^2,8N\7_)<_P#6(ONG$(/RP/\`J)S!_M;IS]C;#ZF?S)_T[:7\
MU<?E18BO8G^B;D_G(?N28:@Z63%^X.C!A</\S%=4@.(.C<=D>S^\EIR2K+JJ
M5PP*?[)0ZPV1!R#VRN<DE@?GY)6>MK&J-SO0KU16L[L)\N4,S;LUJX6OPZZ<
M5;G3,TT)7T<D>G7G3KBE>^,L0VYI4)IY[7H8?O5BD#>GFR_M],?7Y9^MG`X?
M[NM31WCK['D?9Q(4ARL1LD];K373YK1L]7N^@"6`D]:M1CG.5K556O1OY\QD
MB-NS1H@WVBZ<I(\`9I:?70_Y$8_>QR.-MZI(5]AKT@'QI%'7[HQ0)SF_G(;1
M_P"+/"?VYB/5[;*_5'IG]U2?DR8J'=?ZRK_^\4_*3#,/GYXC+R!X=EW!C%7\
MS8W&*=,SL*QH[C3['6%J.+"V;5#]"M1!546+#OB/?W]N/3&:Q/45>ZY=BMU_
MF'=HTFYEII^I*(N)X"9:F%O\XEH@!S,@)Y8O#N[MW\\;;.I01UO;`F3AS,1H
M)1Z@!)Z`AISQK#\NSRW=MKC3DW&C*;-A\SXYVC#XJPY!MEV.I,SES)]6P?K(
MZ3/?B65MGQ#/1/;BPI5<'Z=V]]EW_P!J_FK<=MN.UCI9Z@M'IR$\8`;T#.F5
MAU9ED./#V9W%^<=#GT.XDK<V3>QXF%R2/2<CY@?!2@QM[SW<N%X\<-9^J\:M
MDA;'Y.2I^N((P&:R?#UM&C`D;4M6,5?Q19U3,C41.Z=_3=JYO9S.Z:KL;M3\
M_P"[TU.YBS:?IH$IKR,Q)$*_2&!E'\W0\\;'NWN+\S;:?3X)*7M\3&/$1`?:
MGZ""(S^_]&-&?ET.(_\`##CQE_*7*:U!9?R!LEI,*?($-9%=J;"I\F(DF.]6
MME1%S+-&2RG$[NPT6J@&:JH[K=?,#NK\Y:_:;9MI*VE@N:2G(SR`&AZ'RX\H
M!YAGD!Y8U79?;OP&C7.OW"4N;QLJ>(A0D5\1G>I(ZA$.*`O^^K_Y9_\`G"ZO
M;_LG_P!+?V#%0_\`=?\`ZA_MF/_1N%_,@<O4PW5>`<.L4LD9?[9/&V+M`<:2
MYIX>N\7M5;B-/,`-[?4#+,UKWRD]7?TI0=E14(BHR/R];3^,U._W;=1_86H,
M4-1P,KK]HP/BD9"_[7T8HOO7N/X:PL]MV[_;7!$DM#RC4^PI_?N*_P"S].,Q
MX.>`%!(X(;>S?9\"SK;7FC5W&*19L-XXEY3:;IQ65%13:ETH<ID*;=9+)L+-
MKB!<&7&%`>\9!(WU:3YAMQIKVO+M>*6MA8QD/3K/*`7X\CD3(HYY6SCQ&-7L
MSMIIVYNVVZ-*UX2I;Z_:RV[,A"R);LK(&0D,`V8LXS*5:B9E9>!V)1>`#"(V
M1CE9)R5RFWQ)LE'DHJ76U5C^0$B(]%^.F43<PR2O8=6?12_:%3O]?1_1TKB;
M4B#U>]8Q^`4`_74_<PL>G_\`QT:#%J:S:IW2NYM'S5,45E'#,5\//:YG0&GW
MWP]/Q<62[FX#:=S;@WL+A9@^.P<8Q2ZPJ=&Q&25SSRH.QH!19#BF<7=B[_/;
M.R9FE=$E3R*YKI$='QT]`7(QME['UD[*U_1=6LE(BMI1G4<WC;V95/B60L`3
MR-#T&'9TSM7M3;7;P]NMK::EKHT<)$?5C-7.)I7/M22-(`SL>8]D40!0F!XE
M^3UWP4Y[4-/L-I\;Q+.+N9Q\W;4VAAQQXT:?D,>L@WMDKRK#B'P'.J^.67(7
MUN'6I.&-?URJKM=T]M0[VV-/+84DNH4%U;LO'.`A)4=2)8R0HZOD)Y8H3MYK
MLNT]W0QWE4MY6-O.#PRU:@8]!Y<@!)Z+G`YX9P_,)?RY,E_O:U9^U)W2W]A/
MU@VW]5F_)&+S[Q?\ES_UB+[IQ"#\L#_J)S!_M;IS]C;#ZF?S)_T[:7\U<?E1
M8BO8G^B;D_G(?N28:@Z63%^XZ?GNP<&U9B5WGNR,NQW!<+QR(^=>91E5M"I*
M2LC-5&H^583S`CL>4BHP;.ZO*1S6,1SG(B^NQL+W4[J&QTZTDGO)#1412S$^
M@#C]/0#B>&/-=WEI86\MW>W"16J"K,Y"J!Z2?V/'D,(2>5?G';^3#E-A>%Z,
MI,AO]:8/+-KO1V/QZZ8F0[!R?++.!'NLN'1*Y\F-(R^?!A1X$<C!G'7Q`.,P
M1B&&QY.V&RXNW.V;R\UN:./49AYMRQ(R1(@)6/-R(C!8L14%F:A*@$J1O_=4
MF^=?M;72HG>QB/EP+0YI&<C,^7F"Y"A1SR@5`)(#E_CKXILX8\0M2:,F?%-E
M]752,EV3/B/88,[8F72B7>3##*$OM385&>2RJB':C?>A0`O5/4J]*'W`W0=X
M;LU76TJ+1F"0@](HQE3AT+`9V'1F(PR^S-OC;.W-.TIJ&Y52TI'61SF;CU"U
MR`]54'"4W.;^<AM'_BSPG]N8CTXVROU1Z9_=4GY,F%AW7^LJ_P#[Q3\I,>A)
M;U%7?U-I0W=?$MJ6[KIM1;U=@`<J!95=E&+#L*^;&*UPI$29$,\9!N16O8Y4
M5.R](5%++!+%/#(4F1@RL#0A@:@@]"#Q!PXDD<<T<D4J!HF4@@\0010@CJ".
M!PA?@TVY\-_EW/46[K&+JBKS.1C%G),KO3D/&W:Q8TFHN72#/-]R+B<,L*<9
M&E3UV]$\#WM5I$1X;U(>[O:A98LIU1H0X'X%W!4,M.F<YE'#^3D#`'AA2K1I
M>VO<8QR9AIZRY2?PK:7B&].096/'WXR">>.=S?S[(O+'Y6Z33VK;?[G@4?,*
M_1.M;2%(%,J8>#8E+FV.RMG12!:Z--KI107%V,[6O(>K!%&GK5@TZ^-EV-OV
MM[7S:MJ<66^,1N9E(HQD<`0PFO$$5CC(Y!RQX5./O=-W-W"[@1:;829K02""
M(CB!&A)EE'0@^VX/,J%'&@P]-@.#XUK+!\.USAE:&GQ'`\8HL/QBJ`UC15]#
MC=9&J*F(U!L8U?8@Q&-541/4J=_Z>DGOKVYU*]N]0O)"]W/*TCL>K.2S'UDX
M:VTM8+&UMK*V0+;0QJBCP50`!]0QY^__`'U?_+/_`,X73W_]D_\`I;^P84#_
M`+K_`/4/]LQ__]+2GD!)LK8WDKV&[F?'LN/;\JV5B0LB';E;FW\+M)S`4P,6
ME5S]>+G,#)24^N?9,1*9)HY-JAT5B&4S&]`]B#3M/[=6'Z'LM^(K9\F7[/SK
M@%BX/F^64S2U`\S*0F7C2A*7[O-]>[WO/TF5K,R3IFK[?E0'+D(\OS`V6.A]
MC,"]>%:C'H-:;;KAFHM7,T\2N+J5FO,,;K$M0A4JRX`W':Y,0)7H=@I"1'T"
M1U'[C6D]*IZD1W=.D-U<Z@=6U,ZN&&J_$2>=F][S<Y\RM.%<U:TX>&'"TSX(
M:=8#32OYN\E/*IR\O*,E.M,M.?'&R>M=CW8.C!CSVO.!3:.K_(-MFRTIE];?
MGOEAS-OX[7UE]!;@NZ(2$J\UJ%F6E9%JKE;=(<:TD'KY,L8[*9+`3VGA]*OK
MV7FUJ386E1ZS:-&L=1`Y*GS+<^U&U%)9<M2@#!245&%0:X3ONG%I2;PU!]+N
M5<O0S*`P\N8<'%2`&K0,2I(S,P-",7)>0:^WY?>!_6+^3&$6>#;>JLDTK0W@
M+>VH;B;D]55'-'Q;-Y1**XMW0;/*<9^+(L8DWXL^+:+)&6.-J,5U1;"@T*#O
M?J0VY>K/I+1W#*55E",PJ\8S*M51\P1ES*4RD,>.+*WC+J\W::Q.N6K1:DKP
M*U2I+`>XYRDT+K0L&HP;,"!PQ0IP0_ZEOVG9'^`/^,'VC[CC7\3/X7_:OC_<
MOC7/[L?>/N7U][XOS?9]'T]/K[_T=7EO?_#KS=._3KX3S<K^3YV:M*KGRT].
M6OJQ4FT_TX\N]_1#XGR\R^;Y5.=&RUKZ,U/7B?O_`.C;_P"V?_M?J"?_`,^?
M^U?Q\2__`/=/_N/\7$*-KZFY-9YE5,OD>Y2;"T<)3C?"+RAPGF!F<T3'@)[C
M<!IZ/3^3X;8'$Q7^ID6TA1E[%5"J[NCIEI>J[;L;6;_#W;-O>FG'X.2PC'/_
M`$K-.D@'+BR,>7#$8U#3M=N[B+]-=?FM17A\4EXY_P!F%A9#ZG4<^.&%/#SK
MSQ$:WSUE-QTY`0>1?*\U-.DCS?8>!YOK>[%6I"**[A:@Q//,8HJVL8ZM:8DQ
MD&5;720W&]Z3\/NQM"=VK_NMJ-B9MP:$VG[7#@>7%+',M:^R9WB=B>-`N94C
MS4HN?CBXNV]GVZLKORM%U@7NX"I.>2-XVI3VA"DBJ!PKFREWI6K9>&&1.EYQ
M=>//*YS?SD-H_P#%GA/[<Q'I^=E?JCTS^ZI/R9,)QNO]95__`'BGY28]#7I!
ML./A2/\`,QTFAI-IH/(!9I5U_)FJK)E;.P(=3;FL\GTG;S;@]7DDZ[BU1Z:N
M9B6:U<L$*-+EQS2V6DMXFD2.[LU/RY3:XL6NP&S9MN,P(ES+1+A0H9`I8,<\
M;*6*J0N1`2,V%X[XQ:2TFD3"Z4:XJD&.AJT!+48L!E&1P0H)!.=B*TQIW\M=
M2Z'3?NV,CRG,:YW(5V#GI=3Z_/6WZ218..37SME9B&X)3_ND^Q.8E9"B1AV'
MW5L0=B]8_P`9RDZV_P`Q,VN?F+2[>VM&_,'G!IY05IYE"(8\N;/0>VS$KDS&
M,9LW#&L[(Q:3^=]0FN+E?SSY66*.C5R5!E>N7)7W5`S9Z!SER\<.?=)_AFL>
A>5_WU?\`RS_\X73\_P#9/_I;^P83C_NO_P!0_P!LQ__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
