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<SEC-DOCUMENT>0001309014-08-000717.txt : 20081212
<SEC-HEADER>0001309014-08-000717.hdr.sgml : 20081212
<ACCEPTANCE-DATETIME>20081212105834
ACCESSION NUMBER:		0001309014-08-000717
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081212
FILED AS OF DATE:		20081212
DATE AS OF CHANGE:		20081212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCE INC
		CENTRAL INDEX KEY:			0000718940
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				99999999
		STATE OF INCORPORATION:			A8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08481
		FILM NUMBER:		081245215

	BUSINESS ADDRESS:	
		STREET 1:		1000 DE LA GAUCHETIERE OUEST
		STREET 2:		BUREAU 4100 MONTREAL
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			H3B 4Y7
		BUSINESS PHONE:		5143977000

	MAIL ADDRESS:	
		STREET 1:		1000 DE LA GAUCHETIERE OUEST
		STREET 2:		BUREAU 4100 MONTREAL
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			H3B 4Y7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELL CANADA ENTERPRISES INC
		DATE OF NAME CHANGE:	19880111
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>htm_3527.htm
<DESCRIPTION>LIVE FILING
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BCE Inc.&nbsp;-&nbsp;Form&nbsp;6-K
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<FONT size="+1"><B>
UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</P>

<P>
<CENTER>
<FONT SIZE="+2" FACE="Arial"><B>Form 6-K</B></FONT><BR>

</CENTER>
</P>

<P>
<CENTER>
<FONT size="+1">
REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
</FONT>
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<P>
<CENTER>
December 12, 2008
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<P>
<CENTER>

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	<FONT SIZE="+2"><B>BCE Inc.</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
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	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
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	&nbsp;
    </TD>
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      <FONT FACE="Courier" SIZE="+0">1000 de La Gauchetiere Ouest<br>Corporate Secretary's Office<br>suite 4100<br>Montreal, Quebec H3B 5H8</FONT>
    </TD>
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        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
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	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 40-F
    </TD>
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        &nbsp;
    </TD>
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        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

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        &nbsp;
    </TD>
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        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

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    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

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    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
    </TD>
  </TR>

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        &nbsp;
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        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
    </TD>
  </TR>
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        &nbsp;
    </TD>
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<PRE>
Press Release - December 12, 2008
</PRE>
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<B>SIGNATURES</B>
</CENTER>
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       &nbsp;
    </TD>
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       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
    </TD>
  </TR>
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       &nbsp;
    </TD>
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       BCE Inc.
    </TD>
  </TR>

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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
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       &nbsp;
    </TD>
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    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="40%">
       Date: December 12, 2008
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="4%%">
       By:
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="56%">
       Patricia A. Olah<BR><HR WIDTH="30%" NOSHADE>
    </TD>
  </TR>

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       &nbsp;
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Name:&nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Patricia A. Olah
    </TD>
  </TR>

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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Title:
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Corporate Secretary and Lead Governance Counsel
    </TD>
  </TR>
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
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       &nbsp;
    </TD>
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EXHIBIT&nbsp;INDEX
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      <FONT SIZE="-1"><B>Exhibit No.</B></FONT>
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      &nbsp;
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    <TD NOWRAP ALIGN="LEFT" WIDTH="77%">
      <FONT SIZE="-1"><B>Description</B></FONT>
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       &nbsp;
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    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">Press Release - December 12, 2008</FONT>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-1
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Exhibit&nbsp;&nbsp;EX-1
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 20pt">&#091;BCE INC. LOGO&#093; News release
</FONT>

<P align="left" style="font-size: 20pt"><FONT style="font-size: 11pt">For Immediate Release
<BR>
December&nbsp;12, 2008
</FONT>

<P align="center" style="font-size: 11pt"><FONT style="font-size: 14pt"><B>BCE announces plan to return value to its shareholders</B></FONT><BR>
<FONT style="font-size: 11pt"><B>Reinstates common share dividend, announces 5% NCIB share buyback<BR>
Bell continues move forward as a competitive, customer-focused service provider</B></FONT>



<P align="left" style="font-size: 11pt"><B>MONTR&#201;AL, Qu&#233;bec </B>&#150; Following the termination of the proposed privatization agreement by BCE in
accordance with its terms, BCE Inc. (TSX, NYSE: BCE) today announced plans to return value to BCE
shareholders with a reinstated common share dividend and a new Normal Course Issuer Bid (NCIB)
common share buyback program.


<P align="left" style="font-size: 11pt">Bell Canada will also continue its move forward as a re-energized company with a clear goal &#150; to be
recognized by customers as Canada&#146;s leading communications company &#150; and the customer-focused
strategy and structure required to achieve it.


<P align="left" style="font-size: 11pt">&#147;Our enhanced operational performance in recent months confirms that Bell is competing as a
cost-effective and customer-focused communications company. The Bell team has implemented a range
of programs to deliver a better customer experience, and we are eager to build on the clear
progress we&#146;ve already made,&#148; said George Cope, President and CEO of Bell and BCE. &#147;Given this
steadily improving business trajectory, we view the dividend and share buyback initiatives
announced by BCE today as very attractive to our shareholders now and going forward.&#148;


<P align="left" style="font-size: 11pt">&#147;The BCE Board of Directors is in full support of the operational and investment strategy and
capital market approach implemented by our CEO George Cope and his executive team,&#148; said Richard J.
Currie, BCE and Bell Canada Board Chair.


<P align="left" style="font-size: 11pt"><B>Bell&#146;s move forward</B>
<BR>
In July&nbsp;2008, Bell instituted a new strategy and a 100-day plan to enhance its customer service
capability, competitiveness and cost efficiency. With a strict focus on its core business as a
communications service provider, Bell is executing on 5 Strategic Imperatives &#150; Improve Customer
Service, Accelerate Wireless, Leverage Wireline Momentum, Invest in Broadband Networks &#038; Services,
and Achieve a Competitive Cost Structure &#150; in order to deliver a better customer experience.


<P align="left" style="font-size: 11pt">Beginning in July, Bell announced several significant operational initiatives supporting its
Strategic Imperatives, including an organizational restructuring that reduced the number of
management layers at Bell, bringing all team members closer to the customer, while reducing the
number of management positions by 15%; ambitious new service programs such as Same Day Next Day
service and Express Install; major investments in its wireless and IP fibre networks, as well as
its service infrastructure; and a bold new brand that highlights Bell&#146;s move forward in the
business and consumer marketplaces.


<P align="left" style="font-size: 11pt">Bell&#146;s cost reduction initiatives will result in savings of approximately $400&nbsp;million, an enhanced
competitive position and, as evidenced by the progress shown in the Company&#146;s third-quarter (Q3)
results, steadily improving operational and financial performance supporting Bell&#146;s future as a
public company, and the shareholder value initiatives announced today.


<P align="left" style="font-size: 11pt"><B>Strong balance sheet and liquidity</B>
<BR>
Maintaining a public company capital structure, underpinned by strong investment grade credit
metrics, BCE is retaining high levels of financial liquidity to fund its maturing debt obligations
given today&#146;s market environment. The Company also today announced new initiatives &#150; a reinstated
common share dividend and an NCIB program &#150; dedicated to returning value to its shareholders.


<P align="left" style="font-size: 11pt"><B>Reinstated common share dividend</B>
<BR>
BCE has reinstated its common share dividend and declared this morning its fourth quarter of 2008
common dividend. For shareholders of record as of December&nbsp;23, 2008, a quarterly dividend per share
of $0.365 will be paid on January&nbsp;15,<sup> </sup>2009.


<P align="left" style="font-size: 11pt"><B>NCIB share buyback program</B>
<BR>
BCE will return capital to shareholders in the form of a Normal Course Issuer Bid (NCIB). To that
end, BCE will repurchase up to approximately 5% of outstanding common shares, or about 40&nbsp;million
common shares. The NCIB is subject to approval by the Toronto Stock Exchange (TSX)&nbsp;and will be
carried out in accordance with the requirements of the TSX and applicable laws.


<P align="left" style="font-size: 11pt">&#147;A share buyback is the most efficient method of distributing capital to our shareholders,
particularly given the current valuation metrics of the Company,&#148; said Siim Vanaselja, Chief
Financial Officer of BCE. &#147;The share buyback will be accretive to earnings per share and cash flow.
Our improving operational progress provides the Company with confidence in our ability to return
value to shareholders now and into the future.&#148;


<P align="left" style="font-size: 11pt"><B>Annual Shareholder Meeting</B>
<BR>
The Company&#146;s shareholders&#146; meeting will be held on Tuesday February&nbsp;17, 2009 in Montr&#233;al.


<P align="left" style="font-size: 11pt">At this meeting, the Company will further outline Bell&#146;s goal and 5 Strategic Imperatives and BCE&#146;s
capital structure and shareholder value initiatives, including its dividend payout policy.


<P align="left" style="font-size: 11pt"><B>Return of share certificates</B>
<BR>
BCE has advised Computershare Investor Services Inc. that the privatization transaction will not
proceed. As a result, holders of BCE shares will maintain their status as BCE shareholders.
Computershare will return to depositing shareholders a share certificate representing their
deposited BCE common and preferred shares and any ancillary documents it received from each such
shareholder by first class mail as soon as practicable. For more information, investors may contact
Computershare at 1-800-564-6253.


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="left" style="font-size: 11pt"><B>Termination of cash tender offers for certain outstanding debt securities</B>
<BR>
In addition, BCE and Bell Canada announced today that they have terminated their previously
announced conditional cash tender offers for outstanding BCE 7.35% Series&nbsp;C Notes due October&nbsp;30,
2009 (the &#147;BCE Notes&#148;), and outstanding Bell Canada 6.15% Debentures, Series&nbsp;M-2, due June&nbsp;15, 2009
and 5.50% Debentures, Series&nbsp;M-16, due August&nbsp;12, 2010 (the &#147;Bell Debentures&#148;).


<P align="left" style="font-size: 11pt">BCE and Bell Canada, respectively, have notified the depositaries of the termination of the tender
offers, that they will not accept for payment or pay for any BCE Notes or Bell Debentures deposited
to the tender offers, and instructed the depositaries to promptly return all BCE Notes and Bell
Debentures deposited by the tendering holders.


<P align="left" style="font-size: 11pt"><B>Caution Concerning Forward-Looking Statements</B>
<BR>
Certain statements made in this news release, including, but not limited to, statements relating to
BCE&#146;s expected operational and financial performance, as well as BCE&#146;s objectives concerning the
distribution of capital to shareholders, and other statements that are not historical facts, are
forward-looking statements and are subject to important risks, uncertainties and assumptions, and
our board&#146;s discretion in respect of the declaration of dividends.


<P align="left" style="font-size: 11pt">The results or events predicted in these forward-looking statements may differ materially from
actual results or events. As a result, we cannot guarantee that any forward-looking statement will
materialize and you are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date of this
release and, accordingly, are subject to change after such date. Except as may be required by
Canadian securities laws, we do not undertake any obligation to update or revise any
forward-looking statements contained in this news release, whether as a result of new information,
future events or otherwise. Except as otherwise indicated by BCE, these statements do not reflect
the potential impact of any non-recurring or other special items or of any dispositions,
monetizations, mergers, acquisitions, other business combinations or other transactions that may be
announced or that may occur after the date hereof.


<P align="left" style="font-size: 11pt">Risks and assumptions that could cause actual results or events to differ materially from current
expectations include, among others: general economic and credit market conditions; failure to
achieve our business objectives; increased pension fund contributions; the intensity of competitive
activity and the increase in wireless competitive activity that could result from Industry Canada&#146;s
licensing of AWS spectrum; our ability to respond to technological changes and rapidly offer new
products and services; events affecting the functionality of, and our ability to protect, maintain
and replace, our networks, IT systems and software; labour disruptions; the potential adverse
effects on our Internet and wireless businesses of the significant increase in broadband demand;
events affecting the operations of our service providers operating outside Canada; our ability to
raise the capital we need to implement our business plan; our ability to discontinue certain
traditional services as necessary to improve capital and operating efficiencies; regulatory
initiatives or proceedings, litigation and changes in laws or regulations; increased regulation
banning the use of wireless devices while driving; launch and in-orbit risks of satellites used by
Bell TV; competition from unregulated U.S. direct-to-home satellite television services sold
illegally in Canada and the theft of our satellite television services; BCE&#146;s dependence on its
subsidiaries&#146; ability to pay dividends; delays in completion of the high speed packet access
overlay of our wireless network; and health concerns about radio frequency emissions from wireless
devices.


<P align="left" style="font-size: 11pt">For additional information with respect to certain of these and other assumptions and risks, please
refer to BCE&#146;s 2007 annual management&#146;s discussion and analysis (&#147;MD&#038;A&#148;) dated March&nbsp;5, 2008
included in the Bell Canada Enterprises 2007 Annual Report, BCE&#146;s 2008 First Quarter MD&#038;A dated May
6, 2008, BCE&#146;s 2008 Second Quarter MD&#038;A dated August&nbsp;5, 2008 and BCE&#146;s 2008 Third Quarter MD&#038;A
dated October&nbsp;28, 2008, all filed by BCE with the Canadian securities commissions (available at
<U>www.sedar.com</U>) and with the U.S. Securities and Exchange Commission (available at
<U>www.sec.gov</U>). These documents are also available on BCE&#146;s website at <U>www.bce.ca</U>.


<P align="left" style="font-size: 11pt"><B>About BCE</B>
<BR>
BCE is Canada&#146;s largest communications company, providing the most comprehensive and innovative
suite of communication services to residential and business customers in Canada. Under the Bell
brand, the Company&#146;s services include local, long distance and wireless phone services, high-speed
and wireless Internet access, IP-broadband services, information and communications technology
services (or value-added services) and direct-to-home satellite and VDSL television services. BCE
also holds an interest in CTVglobemedia, Canada&#146;s premier media company. BCE shares are listed in
Canada and the United States. For corporate information on BCE, please visit <U>www.bce.ca</U>.


<P align="center" style="font-size: 11pt">-30-



<P align="left" style="font-size: 11pt"><B>For inquiries, please contact:</B>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mark Langton<BR>
Bell Media Relations<BR>
416 581-4339<BR>
mark.langton@bell.ca
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thane Fotopoulos<BR>
BCE Investor Relations<BR>
514 870-4619<BR>
thane.fotopoulos@bell.ca</TD>
</TR>
<TR style="font-size: 1px">
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
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<P align="center" style="font-size: 10pt; display: none">2


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