<SEC-DOCUMENT>0001193125-13-254038.txt : 20130611
<SEC-HEADER>0001193125-13-254038.hdr.sgml : 20130611
<ACCEPTANCE-DATETIME>20130611060933
ACCESSION NUMBER:		0001193125-13-254038
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130610
FILED AS OF DATE:		20130611
DATE AS OF CHANGE:		20130611

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELECOM ARGENTINA SA
		CENTRAL INDEX KEY:			0000932470
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13464
		FILM NUMBER:		13905004

	BUSINESS ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB
		BUSINESS PHONE:		54-11-4968-4000

	MAIL ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELECOM ARGENTINA STET FRANCE TELECOM SA
		DATE OF NAME CHANGE:	19950809
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d552362d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE
COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 6-K </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Report of
Foreign Issuer </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Rule 13a-16 or 15d-16 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>of the Securities Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>For the month of June 2013 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Commission File Number: 001-13464
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>Telecom Argentina S.A. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Translation of registrant&#146;s name into English) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Alicia Moreau
de Justo, No.&nbsp;50, 1107 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Buenos Aires, Argentina </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form 20-F&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">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></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">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></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">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: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <U>N/A</U>
</FONT></P> <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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

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


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:15pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Item</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#tx552362_1">English translation of letter to the Comisi&oacute;n Nacional de Valores (the Argentine National Securities Commission&#151;&#147;CNV&#148;)
dated June&nbsp;10, 2013 regarding a relevant matter. </A></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE>

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


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U><A NAME="tx552362_1"></A>FREE TRANSLATION</U></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center">


<IMG SRC="g552362tx_pg003.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Buenos Aires, June&nbsp;10, 2013 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Mr.&nbsp;Chairman of the </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Comisi&oacute;n Nacional de Valores </I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Lic. Alejandro Vanoli </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dear Sirs, </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>RE.:</I></B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>Notification of initiation of proceedings</U> <U>entitled &#147;FEDERACI&Oacute;N ARGENTINA DE LAS TELECOMUNICACIONES Y OTROS c/ TELECOM ARGENTINA S.A. s/PART.
ACCION. OBRERO&#148;. Expte N&deg; 17185/13. (Argentine Telecommunications Federation and others vs. Telecom Argentina S.A. File No.&nbsp;17185/13) </U> </I></B></FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">I am writing to you as <B>Responsible for Market Relations of Telecom Argentina S.A </B>(&#147;Telecom Argentina&#148; or the &#147;Company&#148;) to inform you that Telecom Argentina was notified of the
above referenced lawsuit, that was filed in the Federal Court of Labor First Instance No.&nbsp;19 of the City of Buenos Aires. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The legal
action has been brought by the &#147;<I>Federaci&oacute;n Argentina de las Telecomunicaciones&#148;</I> (the Argentine Telecommunications Federation or FATEL), the &#147;<I>Uni&oacute;n Personal Jer&aacute;rquico de Empresas de
Telecomunicaciones&#148;</I> (the Telecommunications Union or UPJET), the &#147;<I>Federaci&oacute;n de Organizaciones del Personal de Supervisi&oacute;n y T&eacute;cnicos Telef&oacute;nicos Argentinos&#148;</I> (the Technical and Supervisory
Telephone Personnel Federation or FOPSTTA) and the &#147;<I>Federaci&oacute;n de Obreros, Especialistas y Empleados de los Servicios e Industrias de las Telecomunicaciones de la Rep&uacute;blica Argentina&#148;</I> (the Argentine Federation of
Telephone Workers and Employees or FOEESITRA). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The referred union organizations are demanding that Telecom Argentina implement a profit
sharing bond for all its employees, for past periods not prescribed as well as for the future, asserting that it is a right provided for in Article 29 of Law No.&nbsp;23,696. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The amount of the claim has not been specified, and at this time it is impossible to determine with reasonable accuracy or certainty an amount of potential claim. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company is analyzing the issue with the assistance of external advisors and expects to provide further information after the response to the claim is
presented. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sincerely, </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Telecom Argentina S.A.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Pedro Insussarry</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reponsible for Market Relations</FONT></TD></TR>
</TABLE></DIV>

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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SIGNATURES </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Telecom Argentina S.A.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: June&nbsp;10, 2013</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Enrique Garrido</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Enrique Garrido</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g552362tx_pg003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g552362tx_pg003.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`1@"(`P$1``(1`0,1`?_$`+\```(!!0$!````````
M```````*!P,%!@@)!`L!`0`!!0$!`0`````````````%`P0&!P@"`0D0```&
M`0,"`P0%!@<1`0````$"`P0%!@<`$0@2"2$3"C%!%!5182(R%G%2TB,E%X&Q
M0C-#-[>AT>%B<K)3@Y-4-;5VMG=X.1@1``$#`P$#"00&!PD```````$``@,1
M!`4&(1(',4%187&1H2(3@;$R%$)28B,6",'A@C,D%27PT9)3LS1TM!?_V@`,
M`P$``A$#$0`_`.M??FY-=]GC?E6!MW;/Q\RG>*U-XV2.1\XW-]1,1VIM6+A5
M['D*4M[ERYO<JWL16\5CF'C71F[-NHF)1$2=:IC%*1+<<0.^7ZG+GP]OD=Q!
MCZ9G%[C%I7WU\0K6$<$1IJXUM2TLWKRKLUG7@B+!*+03L"`B*I@\@PF`H;")
M$TAZB/N+<P.VYV]L!9VX\V2MTS,]OS=CK'M^<V:DUVY,C,9G%&0K)8XYO$3"
M3R+8N@LU<;F!5(#"0B9B%'I-OHBX5\7^<_J^>9.#:1R/XZU'$%]P[D4DXI4+
M6:L\2ZT:5)7+%+528-\EM=GA9YF#6>@W2'Z]LGU^5U%W()3"1.?\=;1RIB>`
MU%N7+-G%0G+R(P%(V',#..;U=6(C<I1E>E'[PB#:HNWU35:H.VZ0B1DLHU,`
M"!1V'1$L!Z9CO6\_>YKRRSUB?EID"DVVDT'CLOD.N,:SC&HTAXWM),E42MD=
MKR5=9-'+IL$3..2"@IU)B<Y3>`E#<B:#[D.:[_QNX!<RL_XJD&,5DK#/&S+^
M2J))248TFH]A:Z?29>;@W;V(?D48R39!^S(8Z*I3)J`&Q@$!T1(J\'>[3ZI_
MN.UB^7'AXEB#*]>QI/1-9N;X]"XS4H8F9FX]>4C6A6U\EZTZ?`NQ;'.*C<BJ
M9-MC&`1`-$3?_9\LW=<E,%98E.[_``%1IN7(_)RHX\+7AQ*TC/W4H4Z`<+2$
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M&-WZ*@M91)]LD<IQ9G((G`B<M>\X*YFWM<W[GYQBF.F/FN'V6L\8L>SL:U>K
MU^UU+&MLF6\/9894ZS!S*4V[0"L?)M>M1`SEFJF!CDV,)$A!P:]5SW+9[EYQ
MK@^563L<S'&ZVYCIU+RX6,PM1*TX1J5FDVD!*RK:P13!@[8*UDLPE)*"DJ4?
M+0V,!BF$IB)DGU-O>6Y`=L.I<7<>\0[!7(3.N;;+;K3.R$_38>](,L6TR/9P
MQ&"$/-H.F*;ZTV^S-Q07*0RH$BEB%VZQT10OZ83O$\Y^Y_E+EI5N75ZIUNAL
M24#%\_2T*QCBJT99E)VBQ6N.EU7;BNLFBC]-9K$H@4BO44@E$2["([D3)7<1
M_P#G]SH_].N3?]BEVT1)(>AS_K)[BO\`T/QM_P"?9ET1=,_6E_\`S)P=_P"Y
MM%_LBS3HBY*]H[M@]\7D%V]^/V7.(_=F'C?Q\MC7(!\?87_%.5H[\%I1.4KM
M!V!(&E>KCV&1"9M,:]D?U"IP'XO<VQQ,`$3U=0HV4L8\#HC'.;\@_O9S'1>+
M/X3REE#S7R_[PK_`8O4C+9<O.DDD)!7\1S;99WU+D(J/F[F`!W#1%\_CT4LC
M'QO/7E8M(OV4>D?B&NF15ZZ0:IG4',V,#=!#KJ)E,?I*([!X[!HB>-[QDC'R
M7:4[D*T<_9R").&7(A(ZK)T@Z3(H&,;`84S'0.H4IP*8!V$=]A#1%\][T^?!
M7NF\N,2<B9_M]=P<>&-2I^1JA$9$K?SV_1'XUL4C67SV)G.BGPTFV6^6QJ1T
M-UC%.'5X!MXZ(GJ.+'$+N$X$[9_+K!O+3E,]YE<GKW5N0CG%V0X^:M#J08L+
M7A9I6J)1V,I:V,5*-GC2YL73E(Q2^4D=^`E-OU;$2<'HU\X8*PGSGY)XLS++
M0=#S%F+$D'4,//+@9&$</I2G6]W,9!QHR?20H%:62<2*P>D8'$BCKY(H4H"H
MF4AB+Z8#F9AV<C'0[N5C6LM+_$_*8MR^:H2,I\&@=R\^7,E52N7OPC9,RBGE
M%-Y9"B8VP`(Z(OED]O6VU#BSZJ6V/.6SZ.K*B/,3EW5AM-TDTV\5!WS*)<HQ
M>-K$_FI4[=)-K/OK.R1:.U1*G^T4E!$I/M`1,*^M5R7BZ.X#\=<1RTQ"GS!:
M>4,+>Z;7#"S7L2=(J&-\D0MTL228J?',(9.4MD4T.J!?+776*3Q$ANDBFCL_
MUNRUKTI%F1LS%Y'K2_$CN%62'1?&$55JU/2?(!_!/D4S',9%G(L5"KH`(%ZD
ME"G`.DX")$BQBKBW^]?LD\FN2T#&`I;.)_.C$+N8EDA.5TUQ?F'&RM(G$TQ3
M^V84<@-:RJ`_T:8*&\/'1%U)XKY@N/?2[KF$LNY0A)V8HW"CM[-+!>V,\9!X
MT5LW'W![\CVQG!(RC0K:^<I;:C)$*?\`7J,E``Y0%,0*1;J^A[_KS[@'_B?!
MW_>%^T1/Y\A\3ESU@#.>##SAJP3-&'LFXG-92,"RIZ\7(M*FZ>:<)%F=,2R1
MHD)CX@$!61!84^CK)OU`1<3NR!V'VG9JLG(BPM>2SG/PY\@L;PRC1?%J6.@K
M(X^?W)\#DBR=ZN(RGS7\6B42B5#R?(WW/U?9(ME^\_VJ&_=XXST;CJYS6O@E
M.F9F@\N?BIO14\@&D30M0NM5"!-$*VBI`V*X_&'G_$`Y,)1;@7H$#B)2)<^%
M]&3>ZW&MH:N]V3*,##L_,!I%0N%YB+C6OG*G76^&8L<_H-4/-75,<W20.HYA
M$?$1T1-?<,^&,EQ1X$X[X43.79?+4C1L;77'[S+\W#KQ\M83W"8M<H$PZA7E
M@L"Z1XQ.S`@1(\@MU$;%^V4!V*1*%-O0^LFAA.U[D<TU4,7H.=MQL20,8NX&
MZ1,GG`HB7J#?8=$7<KA1V'"<0.V/S7[<RO*.2R2GS#_>H!\MO<9!"+X_)DO$
M=:Q8*:%0-?9H)\D.%>^.V&29@N984_L;=8D7%RM>BRLU,0=-:?W4<@U1L^53
M7>MZU@J0@D'BZ)#)I+.DHO/35-PJDF<2E,<!$H"(!X#HB8=[-?:9LW:BH6;Z
M79>55MY3+9@N%4M+6:ME8D*PM4TJU"2,0>,:(2%[O1G1)$[_`,TYRJMP+Y8`
M)3>T"+GGW)/2?\-N<&8;3R'PWDZW\0\M7V;5LU]:U"L1-UQ99K.]<INI>UHT
M5Q)5>0K-EF7'F.':D=*HLUW:AES-?.454.1>KMB^FGE>WOS.Q]S&M?/G(/(B
M:QK7;M7(*F6+&'R=FX97NIS=4E".)^9R;=WK!%JG+%<)%:(I&,JETF-T&,`D
M4V=W'TV?$SNG9&'/Z%XM'&WD<[B64-:<ATN`BK36\CM8=@$=`.;_`$B1>0HR
M$_#LD$6B4DSD63D[%$B*X+E20%(BYHXB]&#A=/*,)<^67.;,G)*G0A&B:M&C
M*<&.9*>:LU%E4H24ODE?LA3;"NF.IL=&.29NNDY_*<H&$#@1-K9)XVTVT<2\
MA<1<?H1F*:#:>/5QX[T]&`ATW$3CNK6''4ECF$&)@0=,DW32KQCU,R385TO-
M*B!!4+N)@(N&_!3TZ5+X@\!N=_`^W<C'N9*US;C#-'5S+C!O2G>.Y%K4'4%`
MS#.%&[6A*?=05@%M*I`9RU`QVI4_#J$X$5][1/I[*7VK:CRXC4>0;S-MVY2X
M^CL9DN;G&J-')0*JSB[6@Z:LH<ETM(S"DI+V1)VN)G+8#`P1)M[3Z(KMV1.P
MBT[-UYS[<VW)ISGT<Y5.C5<\>OBM+'85S\&R\_*_&E<IWRXC)_,!F^CRQ(AY
M7E[]1NK8")B'1$:(C1$:(C1$:(C1$:(C1$:(C1$:(C1$:(C1$:(C1$:(C1$:
M(C1%C5JN53H\4O.7&R0E8B&J9E5Y&<DFL:U(0@;F'S72J8&V#W!N.KNSL;W(
M3"WL8I)ICR-8TN/@H_)9;&8:V=>9:XAMK5HJ7R/:QH]KB%HW)=R##,S,N:O@
MBIY2Y,6=J<Z2K/#=-?S,$@H0>D?C[>\!G7(](IOO'57*4H>.^M@Q<+,[!`+S
M44UGB;0BM;F4->>R,5>X]0"TS<?F!TC=W;L;HJUR6HLBTD%MA;NDC!^U.[=B
M:.DN=0*V2>:N>5C*8\+A'`6"X]4.I)YG3-*,C--TC;=)W4+CYC.-4E2%'<R9
MW)1`0$!U5AP/#JUV7%_DLC*.:TM=UA['S%A]H:K:XUAQLR`K9X;!X6$\CLED
M`Z0#I,=JV0`]1>HNE;/R^7,;\5=P#AEC?VB9K5J0UL9D#>.Z8.[+=H950"_G
M&2*(_0&IB&TT0W_9Z:SMUUR2EE?8R)WO6.761XK//]2USI''=4-N):?M37,9
M/^$=BQ89S,XCN;NZX**O_HB8GQL"'5^;TCD05.G^'?5X+?`\VB<CN_\`(GK_
M`*"C/G-8;VWBIA-_H^1M*?\`;JLBC+)RT1$HU7N*\/<@&WW*UM./XJ$!;Z"&
M=5Z^R2J?5[-RIB(?1JUFM=&$?QFE\Y;=<<SGT]CX6^]7]MD.*3#_`$S7ND[\
M]$UJR.O[45R\CM`]BDZ*S!S]KP$,_P`9\8<]L2?:.MAW,J]=G'*9?$PM8R\Q
ML;%&6.7[I/B_$?#?41-A.&UR:1W>7QLG1<VH>P=KH7.=3]E9':ZKXXV(K/C=
M.9R$<]A?F*0CJ9<L8RO0-]7,G<<QW39!K"<C<69DXSRCHY4DGV2:>NYI3A3J
M\LQFE\KIY.M.4.L!V,"VVVJ1X792^B=<:7O+'+0MVT@E`E';"_=D!ZJ*Y''_
M``&)G;9Z_P`;EM.W+C0.NX";<GD\MS%OPD5Y]Y;N47)6/\FQ"$_CZY5RXP[A
M,JJ3ZORS.21$A@`2B<&ZISI"._L.!1U@&1Q62Q,YMLG!+!..9[2T^/+[%N+#
M:@P>HK5M]@KNWN[1PJ'1/:\4]AV>U9OJ/4PC1$:(C1$:(C1%CUJMM:I$&_LM
MNG(VO0,8@=R^E)5TDT:-TDRB8QC**F+U#TA[`W$?HU=6=E=Y"X;:64;Y;AYH
M&M%22K#)93'X>R?D<I-'!91MJY[R&M`'64O;S#[Z5>K*TI2.*T*VM<LB99FO
MD>>3,%?:JE$R9E(:/\%),Q#>(',()CMN!O=KI?1'Y>KF[:S(:PD,,)H1`SXR
M/M.^C[UPAQ9_.IC\8^7#<,X6W5V*M-U*/NFGI8WE?U'DZTOQD7EGG3,MH5M6
M6[@_R4_\T5F43957#BKQINL3@5K6&JS>+.0@B`%!4A]@#WZZ4Q>C-/8*T%GA
M8&VL=*%S`!([MD(+NXA<)Y_BKK;5N2.3U3=OR,]:MCE),+#]F%I##3K!5Y__
M`%=RO>Q)*_!9,MU7KI"`DC`TA-M3XA)+8`!,C>$;,C"4"_G&,.J'X-T;',;F
MXM()KH[2^6LKC[7$J]_]1XI3VPL+'(W5M8`4$5N!`P#H`C#?$J-'XYIMBAEI
MNR72845'J.>6LDR\,81]Y@6=J`(COJ6C&"LP&V\4#`/JL:/<%CD_XRRCB^]N
M;R5QY2^:1WO<K:7%-T=CU*MU5!'Q$RIUE1'Z=Q.([CJK_.+!FQI'@K8:5S,N
MU[23UU*J!AJV[;_"%^G^;-_'[]?/YY9?67O\&Y;ZG@J9L2W-M]I-LH3;Q`4Q
M63'\H"40VV'7H9FQ?L)![EX.D\S'M:TCLJ%[F3+,58.5:&G;=$J)"`D4BK!+
MLC%$OL$OD.DP#;W:I2/PEX-V>.&0'ZS&GWA5XH-7XQV_9SW<3ASLED;[B%)[
M+E1RVKL<>%7RK?96"4(*2\):');5#KI;;&3693:+],Y#%\!]FHE^C]%W,OKM
ML[9EP#L?&/3<#VM+5DD/$[BOCX#9OR=]+9$4,<Q]>,CH+9`[8L2K')C,6.[2
ME<L:V1UBZRE7!=VXHPKP$;)*`;K'YA72**0JP&-][]2&^^KV[TI@\I9FQRL0
MO+6E`):/<T?9?\8[U$X[B1JW`9,9;3UP[&9$.JXVU8F//VHJF,UY_*NZG$/O
MN2*"\93>6<"BX:G,BU)E"K-?*41W$"`O88(G4'2&^YU4-P]X@`:YYUM^7>)S
M7WVC)"'[3\O(>7J8_P#0?%=K<*?SL3"2/$<48`6&C1>0MI3FK+'[RWMH`F0,
M=9,H>6:O'7/'5HB+;6Y5NDY:2<0[2=(B18@*%*J!#"=!4"CXE,`#KEK*8G(X
M6[=8Y2%\-TPD%KA0[/>OT$P.H<)J?&QY?`7,5UCY6@M?&X.%#TTY#VK.M1RF
MD:(C1%"F;LZ4W!M5=V"R.`7>@@H>-A4#E^,?+%*/3N&XBBW`WM.(?4&X^R?T
M_IZ^U#>-MK44CKYGGD']YZEB&L-9XG1N-=?9!U9MT[D8^)Q_0.M*2\Z^46>>
M6,\Y@#2+Z*HZ3DR;.K11UV\<9$#_`&"NRIG`78F``ZNK?J]^NT>'>D-.:,MA
M<AK7Y$C;(ZA=[.CV+\N.-G$C6_%"]=8>H^+"AU&PL)#2*_2I\777E6G5,XF6
M::%(\@DY$#=.R2:9DR!OMX>`;CL'Y-9Q?:SM+>HC(JM1X?A3D;L@W`<0>;D6
MV],X3'`J0FB3"/V?$R(B(^SVB)1$=89?Z_&T!X6U\/P:(`/I'N6RU<X5F`J?
M[)/MX?T/]S?IUB=UKT5/G\5L;'\'0`/NO!3+$<+#;%_9)O=[$?\`![]04VO*
MU\_BLMM>$``'W7@L[:\+!Z2_L@P_Z@?T?`=]1S]=FOQ^*G(N$(_RCW*Z!PN/
MM_P@?9O_`#7C_F^_5+\>?;5S_P"0=$6SL5N=<+3=(_LDP>`[_J1]_P!?3JHS
M7?)1]5;R<(13]T>Y83*\+3B4_P"R#!X>WR!_O>.VI"+7E/ICO4-=<(!3]T>Y
M0_8>%8F*I^R3^_\`H1]_L_D_5J;M=>T^GXK%+_@]4&D7@M<+CPF$Y%1^4'#[
MVP@AL(#]._3OK*;'7X%//XK7F7X,[U?NO!:DW3B'8(D55(]%VET]0@04S')X
M>[80W#Q^@=9K8:UM9Z"4@K568X2WUM5UN'#JI4*:.&^;\_\`$&Z)J5N7?A7'
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MU3%*40.)"$W$I4TR?=*0I0V``\`UO33E[9X6V:V.@H%RAK?%934]\]\V\X$^
M'-3JZ%@^/N![I^X3=.8H1,8Q3;G0$0#<=_:(?7J0R7$5D;2QKZ>U0N"X+/GD
M$LD6WL6[=.X4P\8FD+Q)HAT].Y1*43>'U%`1#6`7VO9I21&7%;@Q/"*UMVCU
M0T+8&%XY4J+*0#I%5$FWW42`&X?Y6^L;GU3?2GR[/:LYL]!8FV`J`2.I2(RQ
MA36(%!.*2,)?><`_B`H:BY,Q?2<KU/0Z=Q4(HV,%9$C5J^W``2B69=MO$4]Q
M\/?XB/CJV=>W3N5[E?,QMBSX8F]R]Q8B+)]V/:!^1!/]'5(SS'E<[O586ML.
M1C>Y5?E[#_<VO^P2_1U\]63ZQ[UZ^7@^HWN"IFB8P_WF#0=_I03_`$=>A/,.
M1SN]?#:V[N5C>X+Q*UF`7`04BF9M_;^J`/XMM>VWETWD>Y478ZR?\43.Y6!Y
MC6GO0,"L2D43!XB38/;^4!U<QY:^C.QY5E+I_%S"CH@L`F./5)E"F`J()";?
MP,D0P>/Y-M24&IK^$[34=J@[K0N(N!L%#V*!K?PRA)1-46:;-;JZM@Z2E-[]
M@V,`:R*RUU/$1OEP6%Y3A-9W(/I!I6E&1N!BR*BKE"*$#E$3`8B`COL/TE#8
M=9[B^(P(#7/V+4&H."A:3(R+:.I4L,XTMF)[(R=QX.V9VJY#%,3S$Q#I-X[[
M>TOU>_7W.Y:SS-JYLNZ6D%?-(Z=R6F;]DD&\QS7=87:FGSBEA@64@N0$W1DB
MD=$`-@\XI0W.4/<!_;M[AUH>^MQ:W+HF[65V+KG%7CKZR9.\4DIM[5=I4(\6
M*P29BE9B`>88W5L'MV^Z!AW_`(-4(/5]0>C\:N;KT/1/S-/2YU'\>3%Y70?#
M*Q*CKJ\/B`,&QO#V><F1/?\`+J3E.8+/.'AG4H2$:=$GD,9DKS_K`"DIO\-Y
M8?">1Y/\GX?R_+_@\O[.HE^_7SUWNM9!'Z>[]UN[O52G@J^O*]HT1&B(T1&B
M(T1&B(T1&B(T1&B*DMY/EF\_RO*_E>=T^7M_C=?V=>F[U?)7>ZEY=NT\]-WK
M4<RY<:&<#\P4B$W._B*(;FWW]_D$.7??4K`<L&_=!Y9_;I4#<C3Y?]\8@^O-
M^H+,8((@K$H0IDSL^KP,GU``FV#V]12C[/JU87/KF3^(KOJ4LA:B&EH08E__
!V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
