<SEC-DOCUMENT>0001104659-22-106764.txt : 20221114
<SEC-HEADER>0001104659-22-106764.hdr.sgml : 20221114
<ACCEPTANCE-DATETIME>20221006155823
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-22-106764
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20221006

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Archrock, Inc.
		CENTRAL INDEX KEY:			0001389050
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				743204509
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		9807 KATY FREEWAY
		STREET 2:		STE 100
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
		BUSINESS PHONE:		281-836-8000

	MAIL ADDRESS:	
		STREET 1:		9807 KATY FREEWAY
		STREET 2:		STE 100
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EXTERRAN HOLDINGS INC.
		DATE OF NAME CHANGE:	20070619

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Iliad Holdings, INC
		DATE OF NAME CHANGE:	20070206
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="text-align: right; margin: 0"><IMG SRC="tm2227752d1_correspimg001.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">October 6, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5in; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Via EDGAR Transmission</U></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">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Disclosure Review Program</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F. Street, N.E.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention: Jennifer Gowetski and Amanda Ravitz<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in">Re:</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Archrock, Inc.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">Definitive Proxy Statement on Schedule 14A</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Filed on March 16, 2022</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">File No. 001-33666</TD></TR>
  </TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Ms. Gowetski and Ms. Ravitz:</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">This letter sets forth the
responses of Archrock, Inc. (the &ldquo;<B><I>Company</I></B>,&rdquo; &ldquo;<B><I>we</I></B>,&rdquo; &ldquo;<B><I>our</I></B>&rdquo;
and &ldquo;<B><I>us</I></B>&rdquo;) to the comments provided by the staff of the Division of Corporation Finance (the &ldquo;<B><I>Staff</I></B>&rdquo;)
of the Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) in its comment letter dated September 16, 2022
(the &ldquo;<B><I>Comment Letter</I></B>&rdquo;) with respect to the Company&rsquo;s Definitive Proxy Statement on Schedule 14A (the &ldquo;<B><I>2022
Proxy Statement</I></B>&rdquo;) filed with the Commission on March 16, 2022.</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">For your convenience, we have
reproduced the comments of the Staff exactly as given in the Comment Letter in bold and italics below and set forth below the comments
the Company&rsquo;s responses. The Company intends to address the Staff&rsquo;s comments in its future proxy statements on Schedule 14A
(&ldquo;<B><I>Future Proxy Statements</I></B>&rdquo;) that will be filed with the Commission, including the Proxy Statement on Schedule
14A relating to its 2023 annual meeting of stockholders, in lieu of filing amendments to its 2022 Proxy Statement.</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"><U>Definitive Proxy Statement on Schedule 14A, filed March 16, 2022</U></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"><U>General</U></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD STYLE="text-align: justify"><B><I>Please
expand your discussion of the reasons you believe that your leadership structure is appropriate, addressing your specific characteristics
or circumstances. In your discussion, please also address the circumstances under which you would consider having the Chair and CEO roles
filled by a single individual, when shareholders would be notified of any such change, and whether you will seek prior input from shareholders.</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company respectfully
acknowledges the Staff&rsquo;s comment and confirms that the Company will revise the corporate governance disclosures in Future Proxy
Statements to expand the discussion of reasons we believe our leadership structure is appropriate given our specific characteristics and
circumstances, including a discussion of when we might consider combining the Chairman (the &ldquo;<B><I>Chair</I></B>&rdquo;) of the
Company&rsquo;s Board of Directors (the &ldquo;<B><I>Board</I></B>&rdquo;) and CEO roles, when shareholders would be notified about such
a change and whether shareholder input would be sought prior to such a change.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9807 Katy Freeway</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Houston, TX 77024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">281.836.8000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">archrock.com</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">October 6, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B><I>Please
expand upon the role that your Independent Chairman plays in the leadership of the board. For example, please enhance your disclosure
to address whether or not your Independent Chairman may:</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>represent the board in communications with shareholders and other stakeholders;</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>require board consideration of, and/or override your CEO on, any risk matters; or</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>provide input on design of the board itself.</I></B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company respectfully
acknowledges the Staff&rsquo;s comment and confirms that the Company will revise the corporate governance disclosures in Future Proxy
Statements to expand the discussion of the role of the Chair of the Board in the leadership of the Board, including the Chair&rsquo;s
role in the Board&rsquo;s communication with shareholders and other stakeholders, in the Board&rsquo;s consideration of risk matters and
in the design of the Board itself.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B><I>Please
expand upon how your board administers its risk oversight function. For example, please disclose:</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>the timeframe over which you evaluate risks (e.g., short-term, intermediate-term, or long-term)
and how you apply different oversight standards based upon the immediacy of the risk assessed; </I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>whether you consult with outside advisors and experts to anticipate future threats and trends, and
how often you re-assess your risk environment;</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>how the board interacts with management to address existing risks and identify significant emerging
risks;</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>whether you have a Chief Compliance Officer and to whom this position reports; and</I></B></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 22.5pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><B><I>how your risk oversight process aligns with your disclosure controls and procedures.</I></B></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">October 6, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 3</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Response</U>: The Company respectfully
acknowledges the Staff&rsquo;s comment and confirms that the Company will revise the corporate governance disclosures in Future Proxy
Statements to expand on the Board&rsquo;s administration of its risk oversight function, including the timeframe for risk evaluation and
application of different oversight standards, the role of outside advisors and experts and the Company&rsquo;s management in identifying
potential threats and risks, the reporting structure for the Chief Compliance Officer (or equivalent function) and the connection between
the risk oversight process and our disclosure controls and procedures.</P>

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

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

<!-- Field: Page; Sequence: 3 -->
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">October 6, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 4</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">Please direct any questions
or comments regarding this correspondence to our counsel, Nick S. Dhesi of Latham &amp; Watkins LLP, at (713) 546-7409.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Sincerely,</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"><FONT STYLE="font-size: 10pt">/s/ D. Bradley Childers</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: D. Bradley Childers</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: &nbsp;&nbsp;President, Chief Executive
    Officer and Director</FONT></TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in">Cc:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Stephanie C. Hildebrandt, Senior Vice President, General Counsel and Secretary</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Ryan J. Maierson, Latham &amp; Watkins LLP</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Nick S. Dhesi, Latham &amp; Watkins LLP</TD></TR>
  </TABLE>


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

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

<!-- Field: Page; Sequence: 4; 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: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm2227752d1_correspimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2227752d1_correspimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !0 6H# 2(  A$! Q$!_\0
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M_P )WX/_ .AKT/\ \&,/_P 56\CI)&LD;*Z, 593D$'N#7P%7WCHO_("T_\
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MG0 45YU\2OBH/AY>V%N=&-_]KC9]WVGRMFT@8^XV>M<-_P --+_T*1_\&/\
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MS*8CT/Q'K/\ 9NBPV\+8N9XP!C^%<<G^E>>59O[V34+MIY>I 4+G(4 8 JN
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M<);Z9(_F147[/G_),S_U_2_R6NU\;^'U\4^"]5T<@E[B ^5@X_>+\R?^/ 4
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M'9-1BU6,Z<A=SPZ_PE?]H]JZNT\#6$+!KB:6X(ZK]U3^7/ZUT5I96UC#Y5K
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$2 __V0$!

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