<SEC-DOCUMENT>0000052827-12-000002.txt : 20120104
<SEC-HEADER>0000052827-12-000002.hdr.sgml : 20120104
<ACCEPTANCE-DATETIME>20120104150603
ACCESSION NUMBER:		0000052827-12-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20120103
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120104
DATE AS OF CHANGE:		20120104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAYONIER INC
		CENTRAL INDEX KEY:			0000052827
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				132607329
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06780
		FILM NUMBER:		12505654

	BUSINESS ADDRESS:	
		STREET 1:		1301 RIVERPLACE BOULEVARD
		STREET 2:		SUITE 2300
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32207
		BUSINESS PHONE:		9043579100

	MAIL ADDRESS:	
		STREET 1:		1301 RIVERPLACE BOULEVARD
		STREET 2:		SUITE 2300
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32207

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT RAYONIER INC /CT/
		DATE OF NAME CHANGE:	19940422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT RAYONIER INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a8kshellmorgantobod.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using WebFilings 0102 -->
		<!-- Copyright 2008-2012 WebFilings LLC. All Rights Reserved -->
		<title>8K Shell Morgan to BOD</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s664113C15F587C6EB7B5A4ECDB2D3DE7"></a><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">UNITED STATES </font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION </font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WASHINGTON, D.C. 20549 </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM 8-K </font></div><div style="line-height:120%;padding-top:6px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PURSUANT TO SECTION 13 OR 15(d) OF </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THE SECURITIES EXCHANGE ACT OF 1934 </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">January 3, 2012</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:24pt;"><font style="font-family:inherit;font-size:24pt;font-weight:bold;">RAYONIER INC. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COMMISSION FILE NUMBER 1-6780 </font></div><div style="line-height:120%;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Incorporated in the State of North Carolina </font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">I.R.S. Employer Identification Number 13-2607329 </font></div><div style="line-height:120%;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1301 Riverplace Boulevard, Jacksonville, Florida 32207 </font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">(Principal Executive Office) </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Telephone Number: (904) 357-9100 </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.1259842519685%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="4%"></td><td width="96%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:92.1259842519685%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="4%"></td><td width="96%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.09448818897637%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="4%"></td><td width="96%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.09448818897637%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="4%"></td><td width="96%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><hr style="page-break-after:always"><a name="s56065D706FBF823BAF0FA4ECDB3DFB14"></a><br><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:101.3671875%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="10%"></td><td width="45%"></td><td width="45%"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item&#160;5.02.</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thomas I. Morgan was elected to Rayonier Inc.'s Board of Directors effective January 3, 2012.  Mr. Morgan is expected to be appointed to one or more Board committees upon the recommendation of the Nominating and Corporate Governance Committee and approval by the Board of Directors. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:81.0546875%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="12%"></td><td width="88%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item&#160;9.01.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Financial Statements and Exhibits</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A copy of the press release announcing the election of Mr. Morgan is attached hereto as Exhibit 99.1. </font></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;">1</font></div></div><hr style="page-break-after:always"><a name="s2F55A80BC9DEEBC5A1FCA4ECDB4CBEEE"></a><br><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SIGNATURE </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:39.453125%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="12%"></td><td width="2%"></td><td width="86%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RAYONIER INC. (Registrant)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BY:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ HANS E. VANDEN NOORT</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hans E. Vanden Noort</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Senior Vice President and</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">January 4, 2012</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;">2</font></div></div><hr style="page-break-after:always"><a name="sB7C46B45333FE9D0C406A4ECDB5C1E48"></a><br><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EXHIBIT INDEX </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:101.953125%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="12%"></td><td width="1%"></td><td width="67%"></td><td width="1%"></td><td width="19%"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">EXHIBIT NO.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">DESCRIPTION</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">LOCATION</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rayonier issued a press release titled "Rayonier Elects Thomas I. Morgan to Board of Directors" on January 3, 2012.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furnished herewith</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;">3</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991morgantobod.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using WebFilings 0102 -->
		<!-- Copyright 2008-2012 WebFilings LLC. All Rights Reserved -->
		<title>Ex 99.1 Morgan to BOD</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s607DDF917861679B113FA4ECDAC1F2EB"></a><div style="line-height:174%;text-align:right;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 99.1</font></div><div style="line-height:174%;text-align:left;"><img src="rayonierlogo07222011a01a01.jpg" style="height:80px;width:213px;"></div><div style="line-height:120%;text-align:left;font-size:16pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.53703703703704%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td width="20%"></td><td width="20%"></td><td width="20%"></td><td width="20%"></td><td width="20%"></td></tr><tr><td colspan="5" style="vertical-align:bottom;background-color:#000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:16pt;"><font style="font-family:inherit;font-size:16pt;color:#ffffff;">News Release</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:53.24074074074075%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="27%"></td><td width="30%"></td><td width="43%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contacts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investors</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carl Kraus</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">904-357-9158</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Media</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Robin Keegan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">904-357-9194</font></div></td></tr></table></div></div><div style="line-height:174%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Rayonier Elects Thomas I. Morgan to Board of Directors</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">JACKSONVILLE, Fla., Jan. 3, 2012 - Rayonier (NYSE:RYN) announced today that Thomas I. Morgan, chairman and chief executive officer of Baker &amp; Taylor, Inc. has been elected to its board of directors. Baker &amp; Taylor is a leading distributor of books, videos, and music products to libraries, institutions and retailers. Morgan previously served on the Rayonier board from 2004 to 2008.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#8220;Tom is a proven leader with broad experience across many diverse businesses,&#8221; said Lee M. Thomas, chairman of the board of Rayonier. &#8220;He knows Rayonier and our mission well, and we are delighted to have Tom rejoin our board.&#8221;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Morgan was elected chairman and CEO of Baker &amp; Taylor in July 2008. He previously served as CEO of Hughes Supply, Inc. as well as CEO at Enfo Trust. He also worked in roles of increasing responsibility at S.P. Richards and Genuine Parts Company. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">In addition to the Baker &amp; Taylor board, Morgan serves on the board at Tech Data Corp. Previously he was a director of Hughes Supply, Inc., ITT Educational Services, Inc. and Waste Management, Inc.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">About Rayonier</font></div><div style="line-height:120%;padding-bottom:8px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">Rayonier is a leading international forest products company with three core businesses: Forest Resources, Real Estate and Performance Fibers. The company owns, leases or manages 2.7 million acres of timber and land in the United States and New Zealand. The company's holdings include approximately 200,000 acres with residential and commercial development potential along the Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla. Its Performance Fibers business is one of the world's leading producers of high-value specialty cellulose fibers, which are used in products such as filters, pharmaceuticals and LCD screens. Approximately 45 percent of the company's sales are outside the U.S. to customers in approximately 40 countries. Rayonier is structured as a real estate investment trust. More information is available at&#160;</font><font style="font-family:inherit;font-size:12pt;color:#606420;font-style:italic;text-decoration:underline;">www.rayonier.com</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">.</font></div><div style="line-height:120%;padding-bottom:28px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"># #  #</font></div><div style="line-height:174%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.07407407407408%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td width="24%"></td><td width="23%"></td><td width="23%"></td><td width="30%"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">1301 Riverplace Blvd., Jacksonville, FL 32207</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">904-357-9100</font></div></td></tr></table></div></div><br>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>rayonierlogo07222011a01a01.jpg
<DESCRIPTION>LOGO
<TEXT>
begin 644 rayonierlogo07222011a01a01.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"`#R`H`#`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^BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BH;JZM[*VDN;J>."",;GDD8*JCU)->(
M^//CB,2Z=X4Z\J]^Z_\`HL'^9_+O0!W'Q"^)NG>"[1K>$I=:PZ_N[<'A/]I_
M0>W4_K7S]I7Q(\3Z3K\^L0ZB\DUR^^XBEYCE]BO;C@8QBN7GGFNKB2>XE>6:
M1BSN[99B>I)J.@#ZH\$_%K1/%@CM;AAI^IGCR)6^60_[#=_H>:]!KX6!(.0<
M$5ZAX(^,^K^'O+LM8WZEIPPH+']]$/9OXA['\Z`/IFBLCP_XGTCQ18"\TF]C
MG3^-`</&?1EZ@UKT`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!13)IHK>)I9I$CC499W8``>Y->;>*/C9X<T/?!II.J
MW8XQ"<1`^[]_PS0!Z6S!5+,0`.23VKSGQ?\`&7P_X<#V]@XU6_'&R!_W:G_:
M?I^`S7AOBKXF>)/%C-'=7AM[,]+6V)1,?[7=OQKCZ`.E\5^.]>\87&_4[L_9
MP<QVL7RQI^'<^YR:YJBB@`HHHH`****`+VD:SJ.A7Z7NEW<MK<)T>,XS[$="
M/8U[UX(^.-EJ7EV/B54LKHX47:_ZIS_M#^#^7TKYWHH`^YHI8YXEEB=9(W&5
M=#D$>H-/KY'\&_$K7O!LBQVTWVFPS\UG,Q*_\!/\)^GY5]%>#OB-H/C*$+:3
M^1?`9>SF.''T[,/I0!UU%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!13)?,\MO*V^9CY=W3\:Y/5_#?BC6]T<GBO^SK<\&/3[7:Q'^^S$_EB@
M#7USQ5H?AR'S-6U.WM>,A&;+M]%&2?RKRCQ'^T##'OA\.::96Z"YN^%^H0<G
M\2*UQ\`O#\LK37NL:O<RMRSF1!N/OE2?UJ_#\#/!<6-\-[+_`+]P?Z`4`?/O
MB#QEX@\42EM6U*::/.1"#MC7Z*.*P:^KHO@YX'BZZ07_`-^>3_&K2?"KP/'T
M\/6YYS\SN?YM0!\CT5]?K\-O!B'(\.6&?>//\ZD_X5UX._Z%O3?^_`H`^/**
M^PO^%=>#O^A;T[_OP*B;X9>"F!!\.V7/HI']:`/D*BOK63X3>!I,YT"%3ZK+
M(/\`V:J<WP7\$2YQIDL?^Y<./ZT`?*U%?3,_P%\'R_ZN34H?]R<'_P!"4UEW
M'[/&C-G[+K=_'Z>:B/\`R`H`^>J*]MNOV=KL9-IX@@;T$L!7]036%>?`;Q=;
MY,$FGW0_Z9S%3_X\HH`\OI\,TMO,DT,CQRH<JZ-@J?4$5UE[\+O&MADRZ!<N
MH[P;9?\`T$DUS=YI=_IS;;VRN+8^DT13^8H`]9\$_'*\L/+L?$ZM=VPPHO$'
M[U/]X?Q#]?K7O&E:QI^N6"7VF7<5U;/T>,Y_`CJ#[&OB.M?P]XGUCPM?B[TB
M\>!_XTZI(/1EZ&@#[2HKR[P3\:=(\0>79:R$TW43P&)_<R'V)^[]#^9KU$$$
M`@Y![T`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`453O\`5M-TN,R:AJ%K:(/XIYE0?J:XW5/C
M+X+TS*KJ+WKC^&TB+Y_$X'ZT`=]17AVI_M$1+E=+T%F]'N9MO_CJ@_SKD-1^
M.7C*\R+:>UL5/_/&`,?S?-`'U!56[U*QL%)N[VWMP/\`GK*J_P`S7Q_?^-_%
M&IY^UZ]?R`]5$Q4?D,"L)Y))6+2.SD]V.:`/KV\^)/@VQR)O$5BQ':)_,/\`
MX[FL&[^./@NVR([B\N2/^>-N?_9B*^7J*`/H>Y_:%T-<_9=&U&7T\UD3^1-9
M4_[13\_9_#J^QDNO\%KPVB@#V&;]H;76)\G1M.3_`'R[?R(JE)\??%;_`';7
M3$^D3'^;5Y710!Z8_P`=O&3`;6L%^EO_`/7IG_"\_&G_`#VLO_`8?XUYM10!
MZ3_PO/QI_P`]K+_P&'^-3)\>/&"XW#3VQUS`>?R->844`>L1?M`^*$QOL-+D
M^L;C^35?A_:(U1?]?H-F_P#N3,G\P:\8HH`][M_VB;4_\?/AZ9?^N5P#_,"M
MFU^/WA68@3VFJ6Y[DQ(R_HV?TKYKHH`^L;/XN^"+W`&M+"3VGB=/UQBNCL?$
MV@ZEC[%K-A<9Z".X4G\LU\5T`D'(.#0!]T]>::Z)(I5U5E/!##(-?%FG^)=<
MTK'V#5[VW`Z+'.P'Y9Q77Z9\:O&FGX$U]#>H/X;B!<_FN#0!]":CX#\*:MG[
M9H-BY/5DCV-^:X-<?J?P&\*WFYK*6]L7/0)('4?@PS^M<_I7[0\9VKJ^ALOK
M):2Y_P#'6_QKO-'^+7@W6"JIJR6DA_@O!Y7ZGY?UH`\MU;]GW6H-SZ5JEG=J
M.B3!HF/TZC]12Z%JWQ(^&I6WU'1[N^TA.#&1YBH/]AUSM^AX]J^@X+B"ZB$M
MO-'-&W1XV#`_B*DH`YKPIX[T+QA!NTZYVW*C,EI-A94_#N/<5TM8^H>%=#U2
M=;BZTV$W*'*W$>8Y5/J'7#?K6E;0M;P+$TTDVW@/)@MCW('-`$U%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%-DD2*,O(ZHBC)9C
M@"@!U%<+KWQ<\(Z$6B%^;^Y''DV:^9S_`+WW?UKB+SXI^.O$9,?A;PO-!"W"
MSO"TK?7)`4?K0![=)+'#&9)75$'5F.`/QKC]:^*O@_0]RRZM'<RK_P`L[0>:
M?S''ZUY+/\.?BAXLD\S6[ID1N=MW>`J/HB$@?D*U-/\`V=YSAM1\01KZI;P%
MO_'B1_*@!^L?M#.=T>BZ(!Z37<F?_'%_QKS_`%?XK>,M9W++K$EO&?\`EG:`
M1`?B.?UKV2Q^`OA.VP;J6_NV[AI0BG\%`/ZUTME\,?!=ACR_#]I(1WG4R_\`
MH6:`/DF6:YO9B\LDL\IZEV+,:O6GAO7;_'V31M0G![QVSL/S`K[(M='TRQ4+
M::=:6X'010*G\A5V@#Y&M?A9XUO,>7H%R@/>4JG_`*$16U;?`OQI/CS8;*W]
M?,N0?_00:^GZ*`/G>W_9ZUM\?:-8L(O78KO_`$%:MO\`LZ(,&Y\2L?58[/'Z
ME_Z5[G10!X_!^SWH*?Z[5]0D_P!T(O\`0UH0_`;PA'_K'U&4^\X`_1:]0HH`
M\^B^"G@:/[VFS2?[]U)_0BK<?PD\#Q]-"C/^]+(?YM7;44`<FGPR\%QXQX=L
MSC^\"?YFIT^'WA!,[?#NG<^L(-=+10!SZ>!O"B#"^'=,_&V4_P!*=_PA/A;_
M`*%W2_\`P$3_``K>HH`P?^$)\+?]"[I?_@(G^%'_``A/A;_H7=+_`/`1/\*W
MJ*`.=/@+PF22?#NF\_\`3NM0M\./!KC#>'+#\(\5U%%`''R?"SP3)G/A^V&?
M[I8?R-59/@[X%EZZ+M_W;F4?R:NZHH`\XE^!W@F3[MK=Q?[ERW]<U0F^`/A9
M_P#57>I1_656_P#9:]6HH`\9G_9XTIL_9]=O(_\`?A5_Y8K,N/V=9QG[/XEC
M?T$EH5_DYKWFB@#YPN/V?O$D?^HU'39OJSK_`.RUD7/P3\;V^2EA;S@=XKE/
M_9B*^IJ*`/E"U\)_$CPS-YMCI^KVS#O:L6!^H4D&NJTOXO>.-!*Q>(-$FO(A
MP3-;M;R?GMQ^E?0M(0&!!`(/8T`<%X>^,'A3766&6Z;3;H\>5>#8,^S_`'?S
MQ7>1R)+&KQNKHPR&4Y!'UJA=Z!HU^"+S2;"X!_Y[6R/_`#%+INB:=HX9=.M5
MM8VZQ1$B/\%S@?@*`-"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`*:[%$+!68C^%>IIU%`&-='Q!=Y2R%GIZ'_EK.#-)^"`A1^+'Z5B7'PX
MLM6D\SQ#JVJ:N>OE33^7"/I&@`'ZUVE%`&+IGA'P[HX']GZ+8P$?QK"I;_OH
M\_K6UTHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*\B\3_`!O7PYXE
MO]'_`+",_P!DDV>;]IV[N`<XV\=:]=KY#^*'_)2]>_Z^?_910!Z3_P`-%+_T
M+9_\"_\`[&C_`(:*7_H6S_X%_P#V->$T4`?7?P^\;CQUI%S?BQ-GY,_E;/,W
MYX!SG`]:ZZO(OV?/^10U+_K]/_H"UZ[0`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%?'__``LCQG_T,=__`-_*/^%D>,_^ACO_
M`/OY0!]@45\?_P#"R/&?_0QW_P#W\H_X61XS_P"ACO\`_OY0!]@45\?_`/"R
M/&?_`$,=_P#]_*/^%D>,_P#H8[__`+^4`?8%%?'_`/PLGQG_`-#'?_\`?RK4
M/Q7\<0-E/$$Y_P!^-'_FIH`^MJ*^9]-^/'BRT8?;$LKY!UWQ;&/XK@?I7H_A
MCXX^']:E2VU2-]*N&X#2-NB)_P!_C'XB@#U&BFHZR(KHP9&&0RG((IU`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7R'\4/^2EZ]
M_P!?/_LHKZ\K@=:^#_A?7]9NM5O?MWVFY??)Y<X"YQC@8]J`/E2BOIS_`(4/
MX-_ZB/\`X$#_`.)H_P"%#^#?^HC_`.!`_P#B:`,_]GS_`)%#4O\`K]/_`*`M
M>NU@>%/!^E^#=/FLM*\_RI9/-;SGW'.`/0>E;]`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110!\+4444`%%%=1I'P[\5Z]IL>HZ9I
M#W%I+G9()HUS@X/!8'J*`.7HKMO^%1>._P#H`2?]_P"+_P"*H_X5%X[_`.@!
M)_W_`(O_`(J@#B:*[";X6>-X`2_AZY(']QD?^1-<S?Z9?:7<&WO[.>UE_N31
ME#^M`%6BBB@#USX.?$6XTK5(?#NJ3L^G7+;+=G;_`%$AZ#/]T],=C^-?1M?"
MZ.T;JZ,593D$'D&OLWP?K!U_P?I6J,<O<6ZE\?WQPWZ@T`;=<%XY^*>F>!]2
MM[":SFO+B6/S66)P/+&<#.?7!_*NVO+N&PLI[RY<)!!&TDC'LH&37QKXIUZ;
MQ-XFO]7G)S<2DHI/W$'"K^`Q0![7_P`-$:5_T`;S_O\`+1_PT1I7_0!O/^_R
MU\^44`?07_#1&E?]`&\_[_+4Z?M"Z"Q^?2-14>N4/]:^=J*`/INT^._@^<@3
M_;[;W>#<!_WR2?TKK-'\>>%]=94T_6[621ND;MY;G_@+8-?'%`.#D=:`/NFL
M#QCXIB\'Z"VKSV<]U"DBHZPD97/0\]LX'XU\^>`?BUJWABZBM-3GEOM()"LD
MC%GA'JA//']WI]*^AM<L;7Q=X-O+6&1)8+^U/DR#D9(RC?G@T`><_P##0VA_
M]`74/^^D_P`:/^&AM#_Z`NH?]])_C7SW-$\$\D,BE9(V*L#V(.#3*`/H?_AH
M;0_^@+J'_?2?XUZCH.LV_B'0K/5K4,L-U&)%5NJ^H/N#D5\3U])?`36?MO@V
MXTUVS)87!VC_`&'^8?KNH`]7HHHH`1B%4L3@`9->13_M!:%%/)&NDW\BHQ4.
MK)AL'J.:[?XAZS_87@+5[Y6VR"`Q1GON<[!C_OK/X5\>T`?0_P#PT-H?_0%U
M#_OI/\:/^&AM#_Z`NH?]])_C7SQ10!]<>!?B#:^.Q>O9Z==6T5KM#23%<,6S
MP,'V_45V-<+\(]`_L'X?6/F)MN+P?:I?7YON_P#CN*Y/XC?&<:7/-H_AEDDN
MD)2:\(W+&>X0=S[]/K0!ZQJ>M:9HL'GZG?VUI'V,T@7/TSUKAM1^-_@RR8I#
M<75ZP_YX0''YMBOF?4-3OM6NWNM0NYKJX?K),Y8_K56@#Z&E_:&T56Q%HM^X
M]6=%_P`:8/VA])R,Z%>@>TJ5\^44`?2%M^T!X:D($]AJ,(]0BM_[-71Z9\6O
M!6J,J)K*0.?X;E&B_4C'ZU\F44`?<EO<P7<*S6T\<T3<AXW#*?Q%2U\6Z%XH
MUKPU<B?2=1GMCG+(K?(_^\O0_C7T+\.OBW:>+&33-46.SU?'RX/[N?\`W?0^
MWY4`>FU4U2_32M)N]0D1G2VA:9E7J0HS@?E5NL7QA_R)>M_]>,W_`*`:`/-_
M^&AM#_Z`NH?]])_C1_PT-H?_`$!=0_[Z3_&OGBB@#Z'_`.&AM#_Z`NH?]])_
MC7K.GWBZCIMK?(I1+F%)E5NH#`'!_.OA^O;_`!1\7ETOPIINA>')0]Z+&)+B
M['2$[!E5]6]^WUZ`'>^,?BSH/@^_6PD66^N^LL=L1^Z_WB3C/M7*_P##1&E?
M]`&\_P"_RU\_R2232O+*[/(Y+,[')8GJ2:;0!]!C]H?2<C.A7H'?$J5IV/Q[
M\*7+!;J"_M,_Q-$'`_[Y.?TKYIHH`^TM$\4:)XCA,FD:E;W6.65&PZ_53R/R
MK7KX?L;^[TR\CN[&YEM[B,Y22)BI'Y5]1?"SQ]_PFNB/'>;5U6SPLX48$@/1
MP/?!R/7ZT`=]7F'B'XV:3X=\07FD3Z5>RRVLFQG1DVL<`\9/O7I]?(?Q0_Y*
M7KW_`%\_^RB@#UK_`(:&T/\`Z`NH?]])_C1_PT-H?_0%U#_OI/\`&OGBB@#[
M"\$>-K3QQI<]]9VL]ND,WE%9B"2<`YX^M=/7D7[/G_(H:E_U^G_T!:]=H`*9
M++'!$TLLBQQJ,LSG``]S6'XM\7:9X-T9M0U%R23MAA7[\K>@_P`>U?,/C'XA
M:[XRNF^UW#0V6?W=G$Q$:CW_`+Q]S^E`'T!K?QB\':,[1"_:^F7@I9IO'_?7
M"_K7(77[15FCD6GAR>5>QENA'_)6KP*B@#W-/VC&S\_A<$?[-]C'_D.M2R_:
M%T65@+W1[VW'<QNL@'\J^>**`/L#0?B-X5\1LL=AJT0G;I#/^Z<GT`;K^&:Z
MFOA8$@@@X(KU#P!\8-3\.SQ6&M2R7VE$A=SDM)`/53W`]#^%`'TS14%E>VVH
MV4-Y9S)-;S('CD0Y#`]#4]`'C\G[0>B1R,AT;4"5)'WD_P`:;_PT-H?_`$!=
M0_[Z3_&OGVY_X^I?]\_SJ*@#Z'_X:&T/_H"ZA_WTG^->F>&M>A\3>'K36+>&
M2&*Y4LJ28W#!(YQ]*^+*]3B^+4NA_#K3/#^A`K?K$PGNF'^JRQ.$'<X/7M0!
MZ]XR^*6@^#;A+2?S+R]/+6]N03&/5B>!].M<K_PT-H?_`$!=0_[Z3_&OGN::
M6XF>::1Y)7)9W=B2Q/<D]:90!]#_`/#0VA_]`74/^^D_QKN/!7C>/QMIMU?V
MFF75M!"^Q6F*_O6QD@8/;C\Z^2],TZXU?5+73K1-]Q<RK%&/<G'Y5]D>&M!M
MO#7AVRTBU`V6\85F`^^W5F_$Y-`'-0_$>5[W5+63PU?Q/I47FWA::(B(%2PZ
M-SG;VS5";XSZ-#X6MM<_L^\83W#P?9P5WIM`)8\XQAE_[Z%;#>"IVU/Q==_;
M(]NNVZ0QKL/[HJC+D^OWJY.;X+2O8W4"ZI$#+I\-L@,9VI,OEAY,9_B6(#\:
M`/G2BBB@`KZL^#7_`"3#3/\`>E_]&-7RG7U9\&O^28:9_O2_^C&H`[VBBB@`
MKG_&7A>Q\5^'+JPNX4:3RV:"4CYHI,<$'ZXSZBN@IDLBQ0O(Y`55+'/H*`/A
MN1&CD:-AAE)!'N*;4][(LU_<RI]UY68?0DU!0`5]2?!"X,WPSM(R<B">:,>W
MS;O_`&:OENOIWX$J1\.%)'!O)2/TH`H?'?Q3_9OAV'0;>3%QJ)W2X/*Q*1_,
M\?@:^<:^M/$GPM\/^*]8?5-4:]>X950!)MJJH'``QQ_]>LC_`(43X-_NW_\`
MX$?_`%J`/F*BOIW_`(43X-_NW_\`X$?_`%J/^%$^#?[M_P#^!'_UJ`/F*BOI
MW_A1/@W^[?\`_@1_]:H+GX">$Y8R(9]1@?'#+,K?H5H`^::*ZSQ_X&NO`NM)
M:2S"XMIU+V\X7&X9P01V(_K7)T`%?1_P$U]]0\*W6D3.6?3I1Y>?^>;Y('X$
M-^=?.%>M?L_WAB\:7UIGY9[)F_%67_$T`<_\7M"_L3XAW^Q-L%YBZC_X%][_
M`,>#5PM?0_[0&A?:O#]AK<:?/92F*4C^X^,9^C`?]]5\\4`%>H_`C6?L'CF2
MP=L1:A;L@'^VOS`_D&'XUY=6GX=U1M$\1Z=J:D@VMPDIQW`/(_+-`'VM138I
M%FB25""CJ&4CN#3J`/&/VA-8\G1M+T=&^:XE:>0?[*#`_5C^5?/M>@_&?6/[
M5^(MW$K9BL46V7ZCEOU)'X5Y]0`5M>$=$;Q%XLTS2E!*SSJ)".R`Y8_D#6+7
MM/[/N@>=J>HZ_*GRVZ"WA)_O-RQ'T``_X%0!V'QB\9GPKX;BT?37\N^OD**4
MX,4(X)'H3T'X^E?,V<G)KL?BEKC:]\0=3FW9AMY/LT0[!4X./J<G\:XZ@`HH
MJ[I&DWFN:K;Z;I\)EN;A]J*/YGT`]:`*5%?2OAGX&>'M-MHY-;WZG>$9<;RD
M2GT`&"?Q/X5T\OPP\%2Q>6WAVS"^J!E/Y@YH`^0Z*]V\<?`N"*REO_"SR^9&
M"S64K;MX_P!@]<^QKPIE9&*L"&!P0>H-`"4^&:2WFCFA=HY8V#(ZG!4CD$4R
MB@#ZU^&/C+_A,O"D=Q.P_M"V(AN@.[8X;\1S]<UM>,/^1+UO_KQF_P#0#7S]
M\#-<;3?'7]GLV(=1B,9';>H+*?\`T(?C7T#XP_Y$O6_^O&;_`-`-`'QA1110
M`445[3IGP".HZ39WW]OA/M,"3;/LV=NY0<?>]Z`/%J*]OD_9VN.?*\11>VZV
M/_Q58>J?`7Q391-)9W%C?@?P1N4<_@PQ^M`'EE%3WME=:=>2VE[!)!<1':\4
MB[64^XJ"@`KOO@WJSZ7\2-/CW8BO`]M(/7*DK_X\%K@:V_!TQM_&NB2`X(OH
M1^;@4`?9U?(?Q0_Y*7KW_7S_`.RBOKROD/XH?\E+U[_KY_\`910!R5%%%`'T
M9^SY_P`BAJ7_`%^G_P!`6O6+FXAL[:6YN)%CAB0N[MT50,DUY/\`L^?\BAJ7
M_7Z?_0%J]\<_$#:5X)73X7VS:E+Y1QU\M>6_]E'XT`>&>//&%SXS\237\C,M
MJA*6L)Z1Q]OQ/4US%%%`!16CH.B7OB/6K72K!-]Q</M&>BCNQ]@.:^G?"OPF
M\,^'+6/SK*/4+[`WW%RH;GOM4\`?K[T`?*-%?;+Z%I$D9C?2[)D(P5-NN/Y5
MY5\3?A%ILFCW&L^';5;6[MU,DMM']R5!R=H[,.O'!H`^>Z***`/:/@3XT>VU
M%O"UY*3!<9DM"Q^XX&67Z$#/U'O7T#7Q!IE_-I6J6M_;MMFMI5E0^X.:^UM/
MO(]1TZVO83F*XB65/HPR/YT`?$ES_P`?4O\`OG^=15+<_P#'U+_OG^=14`%%
M%=5X&\":EXYU-[>T98;:$`W%RXR$!Z`#N3CI0!RM%?2=E\`?"\$0%U=ZC<R8
MY;S%09]@!_4U._P&\'L<AM17V$X_JM`'*_`3PCYDUQXHNX_ECS!:9'4_QL/I
MT_$U[S5'1])M-"TBUTNQCV6UL@1%/7W)]R<G\:O4`%%%%`'PM1110`5[U\-_
MBAX6\.>!['2]2O)H[J(N758&8#+DCD#T->"T4`?4W_"[?`__`$$+C_P%?_"C
M_A=O@?\`Z"%Q_P"`K_X5\LT4`?4<OQP\$QIE;N[D/]U+9L_KBN`\=?&_^V])
MGTK0+2:VAN%*2W,Y`<H>H"@D#/KFO&Z*`"BBB@`KZV^%.F/I7PVTB&5=LLB-
M.P/^VQ8?H17@GPU^'MWXRUB.:>)X]'@<&>8C`DQ_`OJ3W]!^%?5D<:11K'&H
M5%`55'0`=J`'56O=1L=-B\V^O+>VC_O32!!^9KR;XH?%V30[J70_#S(;Y/EN
M+H@,(3_=4="WJ>W\O`M0U.^U6Y:YU"[GN9F.2\KEC^M`'UG<?$WP7:L5?Q%9
ML1_SR8R?JH(JK_PMOP/_`-!V/_OT_P#\37R910!]9_\`"V_`_P#T'8_^_3__
M`!-'_"V_`_\`T'8_^_3_`/Q-?)E%`'K_`,:O%V@>*;71QHU\EU);O+YFU&&T
M,%QU`]*\@HHH`*]&^"$GE_$RU7_GI;S+_P".Y_I7G-=_\%W*?$_3<=TE'_D-
MJ`/I/Q3HZ>(/"^I:6X!^T0,JY[-C*G\"!7Q?+&\,KQ2*5=&*L#V(ZU]SU\G?
M%O0?["^(>H!$VP7A^UQXZ?.3N_\`'@U`'#T444`?7'PMUG^V_AWI,[-F6&,V
M\GL4.T?H`?QKJ;^[CT_3KF\F($=O$TKD]@H)/\J\5_9YUG,6KZ*[?=*W,0^O
MRM_[+79_&76/[)^'5ZBMB6]9;9/H3EO_`!T'\Z`/E[4;V34M3N[Z8DRW,SS.
M3ZL23_.JU%%`!7UGX"T@>$?AA;"1=DXMGO)R1_$06Y^@P/PKYP\!:"?$GC;3
M-.*[H6E$DW_7->6_08_&OJKQBQA\#:^Z<%--N"/PB:@#XUGE:>>29SEI&+$^
MY.:CHHH`*]V_9\\/Q^7J7B"5`9-WV6`D=!@,Y'_CH_.O":^I_@K;K!\,K%P.
M9I99#_WV1_2@#T*BBB@`KY<^-7AV/0_'3W%N@2WU&/[2`.@?)#C\QG_@5?4=
M>)?M$6JG3M#N\?,LLD1/L0#_`$-`'@=%%%`&SX2OCIOC#1[P'`BO(BQ_V=P!
M_3-?6WC#_D2];_Z\9O\`T`U\:VS;+J%AU#J?UK[&\4N9/`>KN>K:?*?_`!PT
M`?&E%%%`!7VIX8_Y%/1O^O&#_P!`%?%=?:GAC_D4]&_Z\8/_`$6*`-6BBB@#
MQ/\`:"\/P'3M.\011@3K-]EF8#EE(+*3]"I'XUX%7U%\<4#?#2X)ZI<PD?\`
M?6/ZU\NT`%:OAC/_``EFC8&3]N@X_P"VBUE5K>%_^1MT7_K_`(/_`$8M`'VG
M7R'\4/\`DI>O?]?/_LHKZ\KY#^*'_)2]>_Z^?_910!R5%%%`'T9^SY_R*&I?
M]?I_]`6N._:!U`S^,;&P!REM9AB/]IV;/Z!:[']GS_D4-2_Z_3_Z`M>9?&>8
MS?$[403G8D2?^.#_`!H`X"BBB@#W#]GG1T>XUC69%!>,);1'TSEF_DM>\U\3
MZ?KVKZ3$T6G:G=VD;MN98)F0$^I`-6_^$S\3_P#0PZG_`.!3_P"-`'V;2,H9
M2K`%2,$'O7QG_P`)GXG_`.AAU/\`\"G_`,:/^$S\3_\`0PZG_P"!3_XT`0>)
M].&D^*=4T]1A;>ZD11_LACC],5E5+<W,]Y<R7%S,\T\AW/)(VYF/J2>M14`%
M?6GPFOC?_#31V8Y:&-H#_P`!8@?IBODNOIOX#S&3X=%#G]U>RH/R4_UH`^:;
MG_CZE_WS_.HJEN?^/J7_`'S_`#J*@`KZC^".G1V/PYMYPH$EY-),Y]>=H_1:
M^7*^M?A-_P`DRT7_`*YM_P"AM0!VE%%%`!1110`4444`?"U%%%`!117MWPS^
M%OAOQ5X,@U34ENS<O+(A\N;:,`X'&*`/$:*^GO\`A17@S^Y?_P#@3_\`6K,U
M;]G_`$&>!CI6H7EI/CY?.(E3\L`_K0!\Z45L>)O#6H^$]:ETO4XPLJ?,KJ<K
M(IZ,I]*QZ`"O4?A%X`T7QC)=7>J7;O\`9'`-B@V[P1PQ;TSD8'IUKRZNN^&W
MBH^$O&5I>2/BSF/D70_V&/7\#@_A0!]:6=G;:?:1VMG!'!;QC:D<:A54>P%8
M_C77O^$:\':GJJD>;#"1#G_GHW"_J16\""`0<@]"*\K^/MVT/@2WMU.//O4#
M>X"L?YXH`^;I99)YGFE<O)(Q9V8Y+$\DFF444`%%3V5G/J%]!9VR;YYY%CC7
MU8G`KZ,T'X$>'+*SC.L//?W9'SD2&.,'_9`Y_,T`?-E%?5?_``IGP/\`]`I_
M_`B3_&C_`(4SX'_Z!3_^!$G^-`'RI17KGQE\$Z#X2LM)DT:T:!KB219"9&;(
M`7'4^YKR.@`KO?@U_P`E/TS_`'9?_1;5P5=[\&O^2GZ9_NR_^BVH`^K*\;_:
M!T+[3H>GZY&OSVDAAE('\#]/R8?^/5[)6+XNT5?$7A/4]*8`FX@(3/9QRI_[
MZ`H`^,**<Z-&[(ZE64X(/8TV@#MOA-K/]C?$;3'9ML5TQM7YX._@?^/;:[/]
MH76?-U32=&1N((VN)!ZECA?R"G\Z\:MYY+6YBN(FVR1.'4CL0<BMOQGXB;Q5
MXIN]7((67:J*?X0J@8_2@#`HHH`R<#K0![K^SWH'&I^()4]+2$D?1G(_\='Y
MUZQXU!;P'XA`&2=,N0!_VR:H/`F@_P#"->"],TQEVS)$'F]?,;YF_4X_"M+7
M[?[5X<U2W_YZVDJ?FA%`'Q/101@X-%`!7UC\("#\+=%P>BR@_P#?UZ^3J^I/
M@E=+<?#2TC!R8)I8R/3YMW_LU`'HM%%%`!7C_P"T*1_PBFE#C/V[_P!D:O8*
M\/\`VB;U1;:'8@_,7EF(]L`#^9H`\&HHHH`=&,RH!U+"OL7Q$"OP\U('J-,D
M'_D,U\@6$1GU&UA49:29%`]R0*^Q?%JA/`^LH.BV$H'_`'P:`/C*BBB@`K[4
M\,?\BGHW_7C!_P"BQ7Q77VIX8_Y%/1O^O&#_`-%B@#5HHHH`\Z^-_P#R3*[_
M`.N\/_H0KY;KZD^-_P#R3*[_`.N\/_H0KY;H`*UO"_\`R-NB_P#7_!_Z,6LF
MM;PO_P`C;HO_`%_P?^C%H`^TZ^0_BA_R4O7O^OG_`-E%?7E?(?Q0_P"2EZ]_
MU\_^RB@#DJ***`/HS]GS_D4-2_Z_3_Z`M>6_&!"OQ/U;/\7EG_QQ:]2_9\_Y
M%#4O^OT_^@+7G?QRMC!\29GQQ/;12#\BO_LM`'F]%%%`!17=_##P?HWC74[S
M3M2O+FVN$C$L`A*_.`<-G(/(ROZUZA_PSYX>_P"@KJ7YI_\`$T`?.E%?1G_#
M/GA[_H*ZE^:?_$T?\,^>'O\`H*ZE^:?_`!-`'SG17T9_PSYX>_Z"NI?FG_Q-
M'_#/GA[_`*"NI?FG_P`30!\YU]*_``D^`+H8QC49!]?W<=5O^&?/#W_05U+\
MT_\`B:[SP;X1L_!6BOI=C/--$TS3%YL;LD`=A_LB@#X\N?\`CZE_WS_.HJEN
M?^/J7_?/\ZBH`*^M?A-_R3+1?^N;?^AM7R57UK\)O^29:+_US;_T-J`.THHH
MH`****`"BBB@#X6HHHH`*^H_@?\`\DSM?^OB;_T*OEROJ/X'_P#),[7_`*^)
MO_0J`/1J***`/*?CIX8_M7PM'K,$>;G36RY`Y,+?>_(X/YU\V5]QW=K#>V<]
MK<('AGC:.13W4C!'Y&OC7Q7H,WAGQ/?Z1-G_`$>4A&/\2'E3^((H`QJ***`/
MJ?X/>*?^$C\%103ONO=.(MY<]67'R-^7'U!K!_:$4GPKI;8X%X0?Q0UYA\)O
M%/\`PC'C>W,S[;*]Q;3YZ#)&UOP./P)KVKXV:8VH_#BXEC&6LYH[CCT&5/Z-
MG\*`/ENBBB@#7\*ZG#HWBO2M2N`3#;74<LF!_"",U]F6MW;WUK%=6LR302J&
M21#D,/4&OARM72?$VN:%D:7JMW:*3DK%*0I_#I0!]J45\BGXI>-RH7_A(;K`
M]`N?SQ3?^%G^-?\`H8KS_P`=_P`*`/4/VBO^0=H'_7:;^2UX%6MK/B?6_$*Q
M+J^IW%XL1)C$K9"D]<?D*R:`"N]^#7_)3],_W9?_`$6U<%7>_!K_`)*?IG^[
M+_Z+:@#ZLHHHH`^2?BIH?]@_$+4H53;#<M]JB'^R_)_\>W#\*XRO?OV@]#\W
M3M,UV-<M"YMI3_LM\R_J#^=>`T`%%%%`!77_``QT#_A(O'VFVKINMX7^T3>F
MU.<?B<#\:Y"OH']GW0/(TK4=>E3#W$GV>$G^XN"Q'L20/^`T`>T4C*'4JPR"
M,$4M%`'Q1XAT]]*\1ZE8.,&WN9(_J`QP?RK-KU7X[>'&TSQ?'K$:8MM23)(Z
M"10`P_$8/YUY50`5[9^S_P")(X+O4/#L\@4W'^DVX/=@,,![XP?P->)U/9WE
MQI][#>6DSPW$+AXY$."I'>@#[BHKQ3PQ\?K)[5(/$EG-'<*,&XM5#(_N5SD?
MAFNFE^-W@F.,NMY<R$?P);-D_G@4`>BG@9-?)_Q9\3Q^)_'-Q+;.'M+11:PL
M.C!226'U)/X8KHO'/QMN]>LI=,T*WDL;.4;9)Y"/.=?08X4'ZFO)*`"BBB@#
MJ/ASIIU7XA:);!<A;E9F^B?.?_0:^I_&'_(EZW_UXS?^@&O'?V?_``XTE[?^
M(IDQ'$OV:W)[L>7/X#`_&O8O&'_(EZW_`->,W_H!H`^,****`"OM3PQ_R*>C
M?]>,'_HL5\5U]J>&/^13T;_KQ@_]%B@#5HHHH`\Z^-__`"3*[_Z[P_\`H0KY
M;KZD^-__`"3*[_Z[P_\`H0KY;H`*UO"__(VZ+_U_P?\`HQ:R:UO"_P#R-NB_
M]?\`!_Z,6@#[3KY#^*'_`"4O7O\`KY_]E%?7E?(?Q0_Y*7KW_7S_`.RB@#DJ
M***`/HS]GS_D4-2_Z_3_`.@+7/\`[0^F,NHZ-JH7Y7A:V8^ZG</_`$(UT'[/
MG_(H:E_U^G_T!:Z;XK^'&\2>`[R*%-]U:D74(`Y)7.0/JI:@#Y-HHHH`T="U
MJ[\/:W:ZK8OMN+=]RYZ,.X/L1D5]8>#?'>C^,].2:SG6.["CSK1V^>,]^.X]
MQ7Q]3XI9(95EB=HY%.593@@^QH`^YJ*^.[7XA>+[-`D/B+4`HZ!I2P'YYJQ_
MPL_QK_T,5Y_X[_A0!]>45\A_\+/\:_\`0Q7G_CO^%'_"S_&O_0Q7G_CO^%`'
MUY17RQX:\7>//%/B2QTB#Q%?![B3#,K`;4'+,<#L`:^I(D\J)(]S/M4#<YR3
MCN3ZT`?#US_Q]2_[Y_G452W/_'U+_OG^=14`%?6OPF_Y)EHO_7-O_0VKY*KZ
MU^$W_),M%_ZYM_Z&U`':4444`%%%%`!1110!\+45K?\`"*^(O^@#JG_@')_A
M1_PBOB+_`*`.J?\`@')_A0!DU]1_`_\`Y)G:_P#7Q-_Z%7SE_P`(KXB_Z`.J
M?^`<G^%?2GP:LKJP^'=M!>6TUO,)Y28YHRC`%O0\T`=_1110`5XE\?O"_FVE
MGXEMX_FA/V>Z('\)/R'\#D?B*]MK/US2;?7=#O-+NAF&YB:,^Q(X/U!P?PH`
M^)J*WK[P7XCL;^XM&T349##(T>^.U=E;!QD$#!!JO_PBOB+_`*`.J?\`@')_
MA0!D].E?5WP\UV#QW\.E@OR)91$UE>H3RW&,_BI!^N:^9_\`A%?$7_0!U3_P
M#D_PKT;X-R:_X:\7?9;O1]2BT_4%$4C/:R!4<?<8G''<?C0!P?C+PI>^#_$,
M^FW2,8PQ:WFQQ+'V(_KZ&N?K[/\`$WA72/%NF&QU:V$JCF.1>'C/JI[?RKPW
MQ!\`]<LY'DT2[@U"#JJ2'RI`/3GY3^8H`\BHKIKSX=^,+%B)O#NH-CO%"9!_
MX[FJ'_"*^(@<'0-4_P#`.3_"@#(HK7_X17Q$?^8#JG_@')_A7K?P^^"1?RM4
M\5H0O#1Z?GD^\A_]E_/TH`\7ETV]AT^&_EMI4M)W9(I67"N1C./7&156OH3X
M[:+=76DZ!;Z3IL\T<#RCR[6`L(UVKCA1P.*\1_X17Q%_T`=4_P#`.3_"@#)K
MO?@U_P`E/TS_`'9?_1;5S'_"*^(O^@#JG_@')_A7<?"30-9L?B/IUQ=Z3?V\
M*K)NDEMG11\AZDC%`'TW1110!SOCK1/^$B\%:KIH3=+)`6B'?>OS+^HKXXK[
MIKXX\>:2NA^.M8T^,`1QW!9`.RL`P'Y,*`.=HHHH`='&\TJ11J6=V"J!W)K[
M.\)Z(GASPKINE*`&MX%60CNYY8_F37S5\(M`_M[X@V7F)NM[+-U+QQ\OW1_W
MT5KZNH`****`.?\`&7A6U\8>'+C2KDA';YX9<<QR#H?Z'V-?)&O:#J/AO5IM
M-U.W:&>(]QPX[,I[@^M?:]8?B?PAHWBZQ^RZM:+)M_U<J_+)&?56_ITH`^,J
M*]?\0_`+6;-WET*\AOX>HBE/E2#V_NG\Q7G^H>!_%&EL1=Z#J"`=76!G7_OI
M<B@#`HJ62UN(CB2"5#_M(145`!13TBDD.$C9O]T9K7T[PAXCU9@+'1+^8'HX
M@8+_`-]$8H`Q:W?"7A/4?&&MQ:=I\9QD&:8CY84[L3_(=Z]$\-?`35KR1)O$
M%U'8P=3#"1)*WMGHOZU[EX?\-Z5X7TU;'2;1((ARQZLY]6/4F@"30-$L_#FA
MVNE6*;8+=-H]6/=C[DY-5_&'_(EZW_UXS?\`H!K:K'\5Q23>$-8BB1I)'LI5
M5$&2Q*'``[T`?%U%:W_"*^(O^@#JG_@')_A1_P`(KXB_Z`.J?^`<G^%`&37V
MIX8_Y%/1O^O&#_T6*^0?^$5\1?\`0!U3_P``Y/\`"OL#PY&\7A?28Y$9'2RA
M5E88((09!%`&G1110!YU\;_^297?_7>'_P!"%?+=?5?QDL[J_P#AU=06=M-<
M3&>(B.%"[$!N>!S7S7_PBOB+_H`ZI_X!R?X4`9%:WA?_`)&W1?\`K_@_]&+1
M_P`(KXB_Z`.J?^`<G^%:GAOPSKT7BG2))-$U)(TO869FM)`%`<9).*`/K^OD
M/XH?\E+U[_KY_P#917UY7RM\2/#VMW?Q$UN>VT?4)H7N,I)';.RL-HZ$#F@#
MS^BM;_A%?$7_`$`=4_\``.3_``H_X17Q%_T`=4_\`Y/\*`/=OV?/^10U+_K]
M/_H"UZ[7E?P)TZ]TWPKJ$5]9W%K(UYN"SQ,A(V+S@BO5*`/F+XM_#R7PQJ\F
MK:?`3H]T^[Y1Q`YZJ?0'M^5>9U]QW5I;WUK):W4*302J5>.1<JP]"*\6\6?`
M..:62Z\,7BP[N?L=R3M'^Z_7\"/QH`\%HKK-1^&7C+3'*S:!=R`?Q6Z^:#_W
MSFLH^%?$0)!T#5`1US9R?X4`9%%:7_"/:W_T!]0_\!G_`,*/^$>UO_H#ZA_X
M#/\`X4`9M%:7_"/:W_T!]0_\!G_PK4\.^!];US7K/3VTV]@BFE`EFDMV58TZ
MDDD8Z`T`>N_`7PG]DTRX\2W4>);K,-MD=(P?F;\3Q_P'WKV:JVGV-OIFG6UC
M:H$M[>-8HU'90,"K-`'PW<_\?4O^^?YU%6W<>%O$)N92-!U0@N>?L<GK]*B_
MX17Q%_T`=4_\`Y/\*`,FOK7X3?\`),M%_P"N;?\`H;5\P?\`"*^(O^@#JG_@
M')_A7U)\+[:>S^'.D074$L$R1L&CE0JR_.>H/-`'7T444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%><_$;XC
M:GX#OK54T>*ZLKE"4G:4KAQU4C'T-`'HU%>##]HF?`SX=CS_`-?)_P#B:9+^
MT3=E"(?#T"OV+W!(_E0![Q<7$-K;R7%Q(L4,:EG=S@*!U)-?&WC+6U\1^,-4
MU://E7$Q,>>NP`*OZ`5J^+/B;XD\7Q&WO+A(+(GFVM@41O\`>Y);\3BN.H`*
M**MZ7IUQJ^JVNG6J[I[F58D'N3B@#Z!^`>@?8?#-WK,J8EOY=D9/_/-./U8M
M^5>NU0T72H-$T2RTNV&(K6%8E]\#D_4GG\:OT`%%%%`!1110`4444`1O!#*<
MR11O_O*#47]G6/\`SY6__?I?\*LT4`0)9VL9S';0K_NH!4]%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!7,^/?"T?B_P`)7>FD#[0!YMLY_AE`
MX_`]#[&NFHH`^&IX)+:XD@F0I+&Q1U(Y4@X(J.O7/CIX/_LO7(_$-I'BUOSM
MGP.$F`Z_\"'/U!KR.@`HHI\,,MQ*L4,;R2,<*B*23]`*`&5[E\"?!3^:_BN^
MB(4`Q608=>S/_0?C63X"^"VHZI<PW_B2)K+3U(;[,W$LWL1_"/UKZ(M[>&TM
MHK>WC6*&)0B(@P%4=`*`):***`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`.'^+\:/\,=7WHK;0C+D9P=
MZ\BODZBB@#T/P?IMC<W*"XLK>49Z21*WIZBOHSP[I.FV&GQO9Z?:6[,.6AA5
M"?R%%%`&U1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
;!1110`4444`%%%%`!1110`4444`%%%%`'__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
