<SEC-DOCUMENT>0001104659-22-116886.txt : 20221110
<SEC-HEADER>0001104659-22-116886.hdr.sgml : 20221110
<ACCEPTANCE-DATETIME>20221110102007
ACCESSION NUMBER:		0001104659-22-116886
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20221110
FILED AS OF DATE:		20221110
DATE AS OF CHANGE:		20221110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GERDAU S.A.
		CENTRAL INDEX KEY:			0001073404
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14878
		FILM NUMBER:		221375480

	BUSINESS ADDRESS:	
		STREET 1:		AV DOUTORA RUTH CARDOSO, 8,501
		STREET 2:		8TH FLOOR
		CITY:			SAO PAULO, SP
		STATE:			D5
		ZIP:			05425-070
		BUSINESS PHONE:		011-55-51-3323-2703

	MAIL ADDRESS:	
		STREET 1:		AV DOUTORA RUTH CARDOSO, 8,501
		STREET 2:		8TH FLOOR
		CITY:			SAO PAULO, SP
		STATE:			D5
		ZIP:			05425-070

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GERDAU SA
		DATE OF NAME CHANGE:	19981112
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2230158d2_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

                           <P STYLE="margin: 0pt">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt"></P>

<P STYLE="margin: 0pt">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">SECURITIES EXCHANGE
ACT OF 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated November 10, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number 1-14878</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GERDAU S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of Registrant&#8217;s Name)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Av. Dra. Ruth Cardoso, 8,501 &#8211; 8&deg; andar</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">S&atilde;o Paulo, S&atilde;o Paulo - Brazil CEP
05425-070</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; padding-left: 0.5in; text-align: justify; font-size: 10pt">Form
    20-F&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120; </FONT></TD>
    <TD STYLE="width: 80%; text-align: left; font-size: 10pt">Form 40-F &nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Indicate by check mark whether
by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-left: 0.5in; text-align: justify; font-size: 10pt">Yes &nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 85%; text-align: left; font-size: 10pt">No &nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If &#8220;Yes&#8221; is marked,
indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused the Report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date:&nbsp;&nbsp;November 10, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">GERDAU S.A.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> /s/ Rafael Dorneles Japur</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Name: Rafael Dorneles Japur</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">Title: Executive Vice President Investor Relations Officer</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 4in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; text-align: justify; font-size: 10pt"><U>Exhibit</U></TD>
    <TD STYLE="width: 91%; text-align: justify; font-size: 10pt"><U>Description of Exhibit </U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; font-size: 10pt"><A HREF="tm2230158d2_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><A HREF="tm2230158d2_ex99-1.htm" STYLE="-sec-extract: exhibit">Notice to the Market, November 9, 2022</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -2in"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -2in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2230158d2_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

                           <P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<IMG SRC="tm2230158d2_ex99-1img002.jpg" ALT=""></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>GERDAU S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B></B> CNPJ n&ordm; 33.611.500/0001-19</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">NIRE 35300520696</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE TO THE MARKET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gerdau S.A. (B3: GGBR / NYSE: GGB) and Metal&uacute;rgica
Gerdau S.A. (B3: GOAU) (collectively, the &ldquo;Companies&rdquo;), making reference to the Material Fact published by Gerdau S.A. on
June 13, 2018, informs that on November 8, 2022, the First Panel of the Superior Court of Justice unanimously granted the Special Appeal
filed by Gerdau S.A., granting the annulment of the conviction imposed by the Administrative Council for Economic Defense on Gerdau S.A.,
for anticompetitive practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Superior Court of Justice decision imposes
on the Administrative Council for Economic Defense the observance of due process of law, to the extent that it considers relevant the
economic evidence, initially ignored, for the (non) establishment of a cartel. The execution of the fine imposed by the autarchy was suspended
due to an injunction that authorized Gerdau to offer a guarantee insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This decision has not yet been formalized through
the competent court ruling.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">More information is available in Note #15 of the
Company's September 30, 2022 Financial Statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gerdau considers that this decision proves the
appropriateness of its business practices, which are and always have been based on the principles of transparency and free competition,
consolidated throughout its 121-year history in Brazil.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">S&atilde;o Paulo November 9, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Rafael Dorneles Japur </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Executive Vice-President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Investor Relations Officer</P>



<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">This content is Public.</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm2230158d2_ex99-1img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2230158d2_ex99-1img002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !? .<# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W^BBO//%_
MQ4M_"6OOI4NES7#+&K[UE"CYAZ8IQBY.R$VEN>AT5X__ ,+ZLO\ H W'_@0/
M\*/^%]67_0!N/_ @?X5I[&?8GGB>P45X_P#\+ZLO^@#<?^! _P */^%]67_0
M!N/_  ('^%'L9]@YXGL%%>/_ /"^K+_H W'_ ($#_"C_ (7U9?\ 0!N/_ @?
MX4>QGV#GB>P45RO@CQK%XULKJZALGM1!((RKN&SD9STKJJS::=F4G<****0P
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ KYN^,W_)0YO^
MO>+^1KZ1KYN^,W_)0YO^O>+^1K>A\9G4V//Z***[CG"BBB@ HHHH ]W^ _\
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M6M5US2]#A2;5+V*TCD;8K2G )QG%?/\ \&?^2A0_]>TO\A7<?'?_ )%K3/\
MK\_]D:FZ:4U$2E[MSTG2M:TW7+9KG3+R*ZA5S&7C.0& !Q^1'YU?KS#X%_\
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M/OZ<5KK4:TT1.D4SU3X#_P#(!U7_ *^E_P#0175_$^UFN_ASK,<(RRQI(?\
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%HI ?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
