<SEC-DOCUMENT>0001193125-15-228728.txt : 20150619
<SEC-HEADER>0001193125-15-228728.hdr.sgml : 20150619
<ACCEPTANCE-DATETIME>20150619150607
ACCESSION NUMBER:		0001193125-15-228728
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20150619
DATE AS OF CHANGE:		20150619
EFFECTIVENESS DATE:		20150619

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN SUPERCONDUCTOR CORP /DE/
		CENTRAL INDEX KEY:			0000880807
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTORS & GENERATORS [3621]
		IRS NUMBER:				042959321
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19672
		FILM NUMBER:		15942194

	BUSINESS ADDRESS:	
		STREET 1:		SIXTY FOUR JACKSON ROAD
		CITY:			DEVENS
		STATE:			MA
		ZIP:			01434
		BUSINESS PHONE:		9788423000

	MAIL ADDRESS:	
		STREET 1:		SIXTY FOUR JACKSON ROAD
		CITY:			DEVENS
		STATE:			MA
		ZIP:			01434
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d937723ddefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML><HEAD>
<TITLE>DEFA14A</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <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:8px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;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, DC 20549 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SCHEDULE 14A </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>(RULE 14a-101) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>INFORMATION REQUIRED IN </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>PROXY STATEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SCHEDULE 14A INFORMATION </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>the Securities
Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Filed by the
Registrant&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed by a
Party other than the Registrant&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box: </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="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Preliminary Proxy Statement </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) </B> </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Definitive Proxy Statement </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Definitive Additional Materials </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting Material Pursuant to &#167;240.14a-12 </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="6"><B>American Superconductor Corporation </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Name of Registrant as Specified In
Its Charter) </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Name of Person(s) Filing Proxy Statement, if Other than Registrant) </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Payment of Filing Fee (check the appropriate box): </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="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">No fee required </FONT></P></TD></TR></TABLE> <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="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. </FONT></P></TD></TR></TABLE>
<P STYLE="font-size:12px;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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title of each class of securities to which transaction applies: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Aggregate number of securities to which transaction applies: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and
state how it was determined): </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Proposed maximum aggregate value of transaction: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Total fee paid: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Fee paid previously with preliminary materials. </FONT></P></TD></TR></TABLE> <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="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. </FONT></P></TD></TR></TABLE> <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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amount Previously Paid: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form, Schedule or Registration Statement No.: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Filing Party: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</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%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date Filed: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>&nbsp;&nbsp;</B></FONT></P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;margin-left:8%;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="font-size:8px;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">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>*** Exercise Your </B><B><I>Right</I></B><B> to Vote *** </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Important Notice Regarding the Availability of Proxy Materials for the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shareholder Meeting to Be Held on July&nbsp;31, 2015 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>


<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"></TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000"></TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B><U>Meeting Information</U></B></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" COLSPAN="3"><B><I>AMERICAN SUPERCONDUCTOR CORPORATION</I></B></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" ROWSPAN="7" BGCOLOR="#cccccc"> &nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000"></TD>
<TD VALIGN="top" COLSPAN="3"><B>Meeting Type: </B>Annual Meeting</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000"></TD>
<TD VALIGN="top" COLSPAN="3"><B>For holders as of: </B>June 08, 2015</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000"></TD>
<TD VALIGN="top" COLSPAN="3"><B>Date:&nbsp;</B>July&nbsp;31,&nbsp;2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B>Time: </B>8:30 AM EDT</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000"></TD>
<TD VALIGN="top"><B>Location:</B></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">American Superconductor Corp.</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">64 Jackson Road</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="4"> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g937723na_pg001a.jpg" ALT="LOGO">
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>AMERICAN&nbsp;SUPERCONDUCTOR&nbsp;CORPORATION</I></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>64 JACKSON ROAD</I></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><I>DEVENS, MA 01434-4020</I></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Devens, MA 01434</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc">&nbsp;</TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#cccccc">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#cccccc">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ROWSPAN="3"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g937723na_pg001b.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You are receiving this communication because you hold shares
in the above named company.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This is not a ballot. You cannot use this notice to vote
these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at <I>www.proxyvote.com </I>or easily request a paper copy (see
reverse side).</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We encourage you to access and review all of the important information
contained in the proxy materials before voting.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" BGCOLOR="#000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT COLOR="#ffffff"><B>See the reverse
side of this notice to obtain proxy materials and voting instructions.</B></FONT></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#151;&nbsp;&nbsp;Before&nbsp;You&nbsp;Vote&nbsp;&nbsp;&#151; </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">How to Access the Proxy Materials </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#ffffff"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-TOP:1px solid #ffffff"></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Proxy Materials Available to
VIEW or RECEIVE:</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#ffffff"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. Notice&nbsp;&amp; Proxy Statement&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Annual
Report</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>How to View Online:</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Have the information that is printed in the box marked by the arrow <B>


<IMG SRC="g937723na_pg002a.jpg" ALT="LOGO">
 </B>(located on the following page) and visit: <I>www.proxyvote.com.</I></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>How to Request and Receive a PAPER or E-MAIL Copy:</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If you
want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make your request:</P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) <I>BY
INTERNET</I>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;www.proxyvote.com</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) <I>BY TELEPHONE</I>:
&nbsp;&nbsp;&nbsp;&nbsp;1-800-579-1639</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3) <I>BY
E-MAIL*</I>:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sendmaterial@proxyvote.com</P> <P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">*&nbsp;&nbsp;If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the
box marked by the arrow <B>


<IMG SRC="g937723na_pg002a.jpg" ALT="LOGO">
</B> (located on the following page) in the subject line.</P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed
above on or before July&nbsp;19, 2015 to facilitate timely delivery.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" BGCOLOR="#ffffff"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#cccccc"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#cccccc"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#cccccc"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" BGCOLOR="#ffffff"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"> </P></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ROWSPAN="3"> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g937723na_pg002b.jpg" ALT="LOGO">
</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&#151;&nbsp;&nbsp;How&nbsp;To&nbsp;Vote&nbsp;&nbsp;&#151;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Please Choose One of the Following Voting Methods</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Vote In Person:</B> Many shareholder meetings have attendance requirements including, but not
limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote these
shares.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I></I><B>Vote By Internet: </B>To vote now by Internet, go to
<I>www.proxyvote.com. </I>Have the information that is printed in the box marked by the arrow <B>


<IMG SRC="g937723na_pg002a.jpg" ALT="LOGO">
</B> available and follow the instructions.</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Vote By
Mail: </B>You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#cccccc"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#cccccc"></TD>
<TD HEIGHT="8" COLSPAN="2" BGCOLOR="#cccccc"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> </TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom" BGCOLOR="#cccccc"></TD>
<TD VALIGN="top" BGCOLOR="#cccccc"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Voting items</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>The&nbsp;Board&nbsp;of&nbsp;Directors&nbsp;recommends&nbsp;you&nbsp;vote</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>FOR the following:</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="20"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19"><B>1.</B>&nbsp;&nbsp;&nbsp;&nbsp;Election of Directors</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nominees</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19">01&nbsp;&nbsp;&nbsp;Vikram S. Budhraja&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02&nbsp;&nbsp;&nbsp;Pamela F. Lenehan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03&nbsp;&nbsp;&nbsp;Daniel P.
McGahn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;04&nbsp;&nbsp;&nbsp;David R. Oliver, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05&nbsp;&nbsp;&nbsp;John&nbsp;B.&nbsp;Vander&nbsp;Sande</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19">06&nbsp;&nbsp;&nbsp;John W. Wood, Jr.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="20"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19"><B>The Board of Directors recommends you vote FOR the following proposal:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="20"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19"> <P STYLE="margin-left:2.00em; text-indent:-2.00em; font-size:8pt; font-family:Times New Roman"><B>2.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To ratify the selection by the Audit Committee of the Board of Directors of
McGladrey LLP as AMSC&#146;s independent registered public accounting firm for the current fiscal year.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="20"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="19"><B>NOTE: </B>To transact such other business as may properly come before the annual meeting or any continuation, postponement or adjournment thereof.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="163"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD>
<TD HEIGHT="163" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">


<IMG SRC="g937723na_pg003.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; " ALIGN="center">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:1px solid #000000"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:2.00pt solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:60pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g937723na_pg004.jpg" ALT="LOGO">
 </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g937723na_pg001a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g937723na_pg001a.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@`4P!3`P$1``(1`0,1`?_$`(L```(#``,``P$`````
M``````<(!@D*`@0%``$#"P$!`````````````````````!````4#`04%!0((
M"@L``````0(#!`41!@<2`"$Q$PA!(A05"5$R%A<882-Q@:$D)S<9"K'!T?%"
M4C0E.%B18C-C5#4F9D=7*!$!`````````````````````/_:``P#`0`"$0,1
M`#\`UO\`J,>HOBGT\\4-+KNMN-X9/O,TA'8FQ0P>I,Y*[I1B@F=[+2SPQ5CP
M5DV^=RB,@_Y2AP,JFBBFHLH4`#&%FSU6>O/J5GWTG=&=KJL*W':JAF./,/OG
MF.[/BFAU3G39B>&72N&=.B0^D5Y)\Z5/_J@.G8`["9BS2<"B.7\ICO#CD.[Q
M*`!0-^J8'<&P&&#RQF)02B;+&3C5`"CJOZZC!2NX/^;B`COX[`6X;)V6C`35
ME')!A&E=5\W.;^&5^S8"O$9"RF<"`;)>03<.-ZW*/Y1D_9PV`A1U[Y./IKD2
M_1^T;PN(?M`*C(B`UV`WXOM?J.S%-GM_'D]DJX7S1L+V46)>,ZVBH6/`1`7\
MW+.I-)C&-`$*%%0X&4'ND*8V[8"C=F&\MV4P57N?/-\,%VR15'1FL!U"R-O-
M1/N3!S=7PPT8E2-0_P!Z1)1(0*(E,8!#8%9N::RK$$*NEE*Z)>-7$2HRT#?M
MQO6!CA4H)+%.\:R$>X-2H)ND$%#!O*40W[!V_CG)7P3K^8-]\WY;<WF_%T_S
M/$?4'X?GZ_,=7.\%]UKKJY?<]W=L%7GJX=0\YU*>H7GV;>R@R%JXPN9QA7'#
M9)P9>/CK4QXNK&O56)>8HB!I^[#R,@L<E-9G!0'<0``$M@40'EA3=W?L&H#O
M]FP'"WD:`7=4:`'9OI0-@-EOM^\3=Q`-]?X:^P0V`V034#"7N5+N&@?AI00`
M-@-,$PU:*E#O``AN$=W\WY=@<+ISZ>+RS_>;:TK3039LFH(O+INE\D?R:U8<
MZN@[Y^I4A5G:X%,5JU`P*.%0H&D@'.4+4;LD++Q#9CG!^&V:"EO1+E1K<4JU
MDL72MP7U<J1>3)3$RW>95B9"3$%D=*30\:3DD#00"@4I=@KYO1XV1>NEVT<T
MB7;=8>:M`0TGB>]XX0*F5%9S%M)J6MR60`!J8""HH8*B(D*.K8%;NE-9^X<.
MG)B*KJZBN'2;=-JH_HJ)R.'J3>B)W)Q$!,8`WF"HB8U3"'/R\/@GW?\`QQ3@
M/^8*OLX[!GNSP7_Z1Z@Z;OTXY7``IP_Z]GM@YV^-13_#_"`#_'L!QMXA:%W=
MH>VO$.WCV;`<X$G>*(#^+\8_;L!MM\H!IW<1`![*T&H"/^C8&6Q=:<G?5UVU
M9L(5'S6Y99E$,U'!^6U;F=*!SGSM03%!-E'M@.NL:O=23,.P7=3=Z63@BR(S
M%F)A00M.#3-.W1/_`'B$UD*1MZ\,--YN7G3:#'`ZR4[))IH!J(W;)E*4``H;
M`B$A!E3N2Y&KL$SN"3TP"RHB!@7$\BX4\2!QJ*B;DI@4`PUU`:O;L'?4M5S*
M^%C55CJ&<N3P+`RXC6+G#I++148N*HF%%E+&3%,E*%`XB(`&@=0+;/H$*!Z%
MTUU`)3%*!BC3@(!P$*"`[!^O+#X+XA^KJGNAP^?O#8,XV>C`'4EU!]ZGZ<,L
M#2O_`'Y/]FP<K?4+]V(?BKN#?2E=^[8#A;ZON[R_S"'V\1V`X6^N`F3$1$*@
M&[AQ^P1V`W6^L`:1W4``'?O&HFIPKQW;`XG3[+&87J8[8/[T<V-DV-@C@JL@
M=&>D\<72QC%2&0*=4RH*KB5,@4U*&*%0V!DYG(3>2?NI),6ZC>267N5NV34(
M4)"U,CVQ",+GADA$JH$>V_-0H"`F$1(J4QZ43'8/N`EDGQEGKP_C6\*@R+*"
MFF)'*]N@LA%'DR"<_P#:XLKA`N\`J&D35`IZ@S=B61(S4NT8G`_C6;YE'2"Z
M)*$"8QQES'K=O-*J*ZTDP/9UWZSG`!^Y3$1K4U0KZOZ79/I^XWD=0&#N>FG<
M=I$1#P+F2=*LP]THB`-U"]@?@#AL'1\27X+K4U/ES7M_]_:?9PU;!F^S^N`=
M2W4&%:&^>&5QI4*5"_)ZN[CV>S8.,"XH4M!IN+QJ--^ZE:!4=@-MON@`""(\
M:!Q`*CN#=V?;L!L@7E#$J)1$0#=3L[?8&X-@,\(_`-!M1:B-:[N%>`[_`+-@
M.%J3[N+?Q\C'N#MW[)TV=LETQ#6DY05(H@8`$1`W?`*E'<8!H.X=@/$(A-W&
MHHVM]BJ\7:N70A:S`YEIJ,\0KK5091*FB1>M1.6H%;%6,F%`4`##4P,I@7&V
M2+QOA:VT+"O-1*0M+(<8^%S;,TS;)K.;%N%*.;.';R/3:MUU9L&Q4P.8IN:`
M4H(5`''ZG\Q6MT_VU=6(K0DFTYF6\%9M*]IMH=)PSQS!W`LV*^BV;A,QR$NZ
M?AXYFD<I.^Q0+J,('%,-@IQE9<-(E*:@``@%*;@`*``;Z4W4V#V_,B_!-=8?
MJWU<>SZ@]->.P9U>H1U3J9ZA@K42YTRR7=O'??L^`ZJ<`'8.M`O-Z>\U!H`;
MA&E![H"`[@'8#1!/J:.\`"`AVCO]E/Q;`8X.1]WO;^/$:^S8"Y"R>D"ZC#NT
M[]]*?AW<1V!@K/3(/@UI%:-C4GQ:L#W.LM%6[-I[A5:M[F3*9G%R25-PJJ)$
M((T.<GNG"QG#F*Y.\7=OQH0JLVW7421C(^Y(C$>4F*2)%=2+>VKXM[-&.KD<
M(&<*%(1(P)$(`CQIL#9YHZC[7Z0[76QCBB2A9KJ"EHY9A=5SQ//>0^'(UX)Q
M7AXT7=W7VBI>K@`*')2D%F[`"@=0!.!2F"G:1N=P]7<O'SQ=Z]>.%GCMXZ74
M<NG;MPJ=9PY=.5CF67<+K'$YSF$3&,(B(UV"(24X`@8=0_@J'L[-_#8)=YL;
MX#U:A_5=JX=GU)<OV^W8,^O42]`O4YU%=X-V=\NTW\1#(%P!OK[-@\R#D`^[
MJ;CO[/Q5W<`V`P0LC30.KA3M]E/Y=@+D+*@&@0/3W?Y1V`IQ,Q30`F#LI7MX
M;`<K$RK=UEK"K;-P/(PBIRJN60D;2,.]4+0"G?P,LW?0C\Q2A0!6;J"`;@W;
M`=4.JK-(1SF+8WT:VFCY(R#\;&MRS\?R#YN8#E40=S%D6];\PNW5`X@=,S@2
M'`>\`AL`Q2N(>)CU$QCF,81'48QC&,8QC"(B8QS#41'>([QW[!\7GQ'@;LK0
M:C4-^[CL'@/9T=]3[P`:5$=^[^38"!YW^C[5K#]4VK\7U/<OV^[^78*$NI64
MY?4YU)"`B)DL\9A$"]XPF$N0;A[H$+WAH(<`WCL&BFRV'[NKTR0%H6UE.X<T
M=8>3'=HP$I>UTV>>\'%EQ4[+P["4=1L>WMBX<?6RR.Q.[Y7ADG4JZ:&(9)RM
MSBG*`%_KP]-OH[/T,PWJ+^GY+W4QQB+*$N6>LJ:DYVX(J1LN:N)*U)"0C"W.
MJZNBU+FLBXU^3(LUG#EL*2*P`"9T@.H"HX^](#U`KU88EG+<Q5;\E:V8K/CK
M[MN\DK_M\MN0MMRL1$SL<O>:YC@_@'SZ,F43H-2MW"RQRJ$3`QDC@4#).^C1
MZA%I7A:=GIXRMN["W6+X$;MM*]H]Y9=OFC44W#OXOEI5M#/+>*=(X>'$[4_B
MSU30YBA1)L$/ZG?3VZJ>C>UHF^LNV];;NR).4;P1KHL:Y#7+&Q,T\*H,?'SB
M2\;$R4<>3Y1BMU10.@HI]WK!0Q2F!EL3^D!UJY'LZ/O*0CL?8R;3<6E*0,#D
M:ZWD;=4BDZ3!=HW=0T+"30P;EPD8#`D\4363`:*)D&H`"H7STO=1&.<]LNF2
M:Q\^DLRRY8]>!M>UWK.X4Y^-E$G+AG-1<DS4!IY-X=FNHNNX%N5F5!47`)`F
M:@.C,>CAUVQMJJW$G;V.9:10:J.E;/B<A(+7*8J:(*F;-CNXMG;SI]O$I4R/
MM)SEH4XU"H5"S$F\CGC^,D4%V,A'.W<:_9.B&1=L7[!PHT>LG:"@`=%RT=(G
M34*-!*<HAV;`1?.?T;ZJA^IVO$/\UW+]G#8*C9_&<SGOU&KRP/;K]O%SN8>L
MZZ\8Q<H]+S&D2YO+,LE`^;.4A.D*Z$6D\,X,F!BBH">@!`3!L&GCKO8^GKZ'
MJ>$\&XVZ$<=]5&>+[L=U?<QEKJ8<#<S`D7&3!K>\P6:/(R79KRLO+H.3>61*
M$4S8-R$$YE#+%J#_`.3\W-.H']W,R=FIABG'N$&=YX3O!ZVQEBF+\EQ_;*4?
MFQU"E"VXXK=J5%M+>7>-5$I"@HNX.<*ZJB`@]4S,&2\5>D-Z>2F-\@7AC\U[
M6OT^VY=+FS;@D;:>SL"7IT<3(0[Z3B'+21-'#)L$5A2(J4ISI%U5`*;!.>J+
M/N9$?0/Z>,L-LHWS'Y%O&!P1$7/?D9<<E&W=/1TM(N(Z6;R=PL5T)5<9=FT3
M([4YH*N:"*AC"8U0[N0<F77-?N^V+LI7;-/KWNR/+B>;5F+P>N)Q]+K6GU*,
M&\2C+R+XZSUXF6/B46ICG.944"T$PC41"43O4[Z8_JVEP]9^3LCY0PEG9%=:
M`LFVT9B<M)\VNRZO+DW=OQD\G'3F-+I\9+,$2L#N00>K"!$R%3.H*0@7^A7I
M7NKIO]1#/-O94R1,9MFV?33CA_AO(]ZNE'EX#C!]=\E;$A#/2.UG9T7]N.K4
M:L556ZG*.W,F8`(+@Z90S9Y[ZL.IN+ZNLNWZYRQDVU<J0&7+YA&@1]QS<8O;
MB4/<4G"Q=KQ]O^).Q;Q;*)12038F0.BHE03%.)A,())(W2L\<.GCMTJ[>/'#
MAX[=.%CK.73IVL9PZ<N%E#&.LX764,<YS")C&$1$:[`TWP/<7R5\Z\$OI^C?
MYS:=2FOX1_:`?`/G'+Y?]CYG>K73H[^KLV"BC-F1KFQOUR9MR%94NI!WE8'5
M?D:]+3F4B)JJ1-S6KEV7G(*0*BJ!DE_"2;!(XIG`2J%*)3;A'8-'M\_O&G3?
MU1XZL2.ZTO2TQCU!Y2L-NJM%3[^^84EG(SJZ:'CG\*SN&P9VZ;9AIMPT2.]C
M`=OD%`(4IC*Z"T"/9'_>#SY^Z',X]'F1>E&U;2')-N3EDXXE<*72ULFP,866
M+A@[L6!^!WUMR2KXMF*QZ:2IFKAJE(H$`"IM1&A0`G6!ZL8]7_1[TP])YL)I
MX]#IQ0QZB%]DR":Y1O`+#Q>[QM7X=^$(0(/S3Q/C1`7KKDZ>5WJZ]@EF3O5:
M-E3TX,3>GV.%B0)<8(XY1^;`9`&1-,_`$@X>ZQLSX19^7^;>(TT\S6Y-*]_@
M`3H_JTBZ].6RN@#Y%L%OA!6TUBY.D[Y,]CYD;6RVCE0&TC8)+4;B>/E>3Y<N
MEYL-4CF/JJ.D`<6,]:GHY>7C;V:[K]+C&2W4-;XM)5O?MMW;;<6P"ZX](/`S
M[8BV/C/DG35P0AT%UR.WK6A="QC$*;8$ZD?6"ZG'G6J'6O'C;$5=*=OI6"CC
M0A9-SCU7%:*IW7P#)E%\A+R"2\B<9`[\%$G`2E%TRID(5$`>B]/7;P',2[S+
M]O\`IQ8K:]4*L2#:.R[=$U:EP>5S!6_AT9E5XACUA=,L9B`?=`+ENX,F4$A7
M*78*M^A[HSS3Z@N:&UGV/&/HZQDYLLCE_+A8H4;2L"%>NS/90C=8A$HYU=LB
MD90D5$('!0R@@<X)MDU%"ANL^@'I?\+X+X$-X3Z4OHO\-XXW(^0_F_G_`)+R
M^5I\[\[_`#OQ_P#M?$?>>]OV#^7_`-3/R3^J#J.\7]+_`(WY]9>\7X_]H)YC
MXGY@7!S_`##R/^X/'<VO.\%^:<RO*^[T[!"(WY(5)I^EK@'N?M#:\/\`>=NP
M$"-^2FDE/I?]W^C^T#KV?UM^P3UA\F.[3Z9>`</KY_)KW4]FP2QG\G*A3Z;.
M/]'Z\/:7^ONI_'L$I9_)[?\`X<NSC]=6GCV=E=@]PGR@TA_ATI0./US4X!P[
M:;!WDOE#WO\`#QV>Y]<7V\:[`9</_(/X@:>;_0%SO$CX?Y]?M*OA2NDG+\Q^
M"/S'P/,_XK=75K[E-@WM]`W(^ES'?A?I2\+R7?AOHK\R^G[D<PO*^&?.?[X\
2RT4\?XO\Y\3JYG>KL#D[!__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g937723na_pg001b.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g937723na_pg001b.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`C@`*`P$1``(1`0,1`?_$`'4``0$!`0$`````````
M``````H)"``$`0$`````````````````````$```!0,`!@<'`0@#```````#
M!`4&!P$""``R$S0U"1$S%%1D%55A$F)38S96%B$QH2)"%S=7<ADY$0$`````
M````````````````_]H`#`,!``(1`Q$`/P#7,V1:IX^CQ\G3?(T!!9=RZ*K&
MHSYO@_,.RCM<R@63W,G)P\^FL7V-'3E9#,:S+%<"<G'&R95R<3!&A@$XRI@D
MQZVT!D79U#\AMX#V?<B'$/R'_C]#J-`+R_\`'3"1URJ[W>T<=>==![1DMLO2
M,Y8@>%L<98;>.\AQ[)CI3G3*C+_1BU'SG,1JT)2<278;7PF.?:]I^\8R+TV"
M'#8@P)_\I0?0K/MORGA]>`^A:NIX?^&@3(7G_P`PEKGF0&X\N.50W2\FK=J-
M&I=>B2:TD]()\2\.\-&9%Q_+TM8[%N\`:SH"(6#WUK=2M+.BM*:!5'H/?,*;
MIT=4-OWS.NW3X-?XM`+2X\`>65%;!EC$B_,]"RBR-2\5+\/,;(%EB5<)E.>8
M&1DY?6W4AM+'ING$V%Z-F:U-WJQ0<!47E"BK<<2TN\0S2PF%30$X^3C?.=/V
MAY/QHKUWSMX^Z?&]5\>@&`D'%O'2.6,\>7,T^9+C&^8Z*AK2*0PG(1UAO7F%
MO00XHCJ%L4M[(.0YE:B*3F->/CU*$'6M,^UW%C8MAZY0JHVV'=`41Y8%W):^
MV?+.-"=5W+BW&O&ZWU]`@Z^.4*_F#C*]L967/1F0L/"",O"E<>V_BGCV=RV>
M*`*9'6!F*V\JG\]&NS0Y#5QQ+@";V66]8Y2IBZP]>J^8!T/:!>/RPOW!:^V?
M+.+B;OW#BW&O&:WU]`.%?)'*M=:R.UX&?/,IR0FA953=D60]%N67,K)JTUDB
M2VJ(2E(D8N5^3:S8K7(";[D13A)6?E%BUFI@I?9"':BCDP30)'V9KN!C@FSX
MO?O7<-?>/%ZWMT"53`Y+.(L4G&D>C%^9F1^,P6%6*F/:T<U\DD0%HQ=5<*.6
ML;MX$G(`8:6R*KQ``U5.#I0O48&RON_RV]`5F[);\XWNG9-Z&U?G:V]_5U_;
MH'JT#M`G;7,'*^AFH%.5CE3<#0QLJ'*3-@YL:A;3W.TT#KE%0QLO<_GZ/<]_
MH_IZ?V:!03MEW=K^H]_KRF]^G=?O7MU/BT#,[(SBPWDJ8UO'J/\`*2!7E.3=
M'4"JO$[=E-G*K\`-(]P]BT5`;916$4E`TA"E1;#X9>P6\B(%?8/0.ZRZE`P+
M_8V:_P#7KM_]H/[Y:@?^%/\`86^_:7MUOIZ!#]E@<OJ',:U_(>78XS8DK$UF
MX[JB'RU9'FIBQ)#;"(L=B/TW,T>$(DR$@@^>E^-9V?[\2"U6>\I++M5=5B88
M)8';'#YX(Z#,_P!1V=S-?:/ZCWFNIW/5WKZG\-`/<0C;G#E<3!''^D\/62SC
M$,/R7E_E]H6)2(NJ!^7E=S'3MF$(A`E)YB.E6'GBGGC(BH^0S%BT(LF;S-"W
M8A+@@P0=L3_XDG?9VQXD6W_\2W;AWB>J^#0#ANJ8L`VVW8@DDKGKS=GFQY@B
M<EDE1R1_,F3+K;T58\J+GJURTVS@"GMRIJ*HOJX`C!:HZB#:/0,B<%V&P)F1
M0@2EVI*]:"X)VKB@/"O6NLZKQ6I[=`**BLV=8ZP"R2G:*N4GB^U(_P`JH!DE
ML*L"8[M.2&YDY%MB5>]DEFL#(V-%L)A73LUDI>.&BSI+,XVAGDWMANY.3E<I
M>(8T!16UIZ.D?XUVO"0_W>CZG"/":OLT`5A\BS03:BV3+HBQZ2$&\32)_P!\
MHSDYD]AY$<5'4(FDY3%=B!"BCCL3=K;&K:"&G$I5"B:TP7M*C"@IFT3K0;_V
M<S^2#\`[/U*3O/Y)NO7_``;I\&@!]K)#1MB@ZN)4F,MCX:ES*@VSW)%5.8S)
M[?RK,(E5\='4,::P;;$!EZH3L<E+[RP42%%:]N#VF;$BQ5M31:BT!NONI7XH
M9^T_=X02X5^*=;O/A.H^+0!LJZCD\2R3O@A>9F=*WS:AUPRCH6<#;DZ54W"D
ML,:4AA4^0"\1A1!<U2^-Z:E"65/M6UH'2(A0,4E<O77W56*`SG8+OJ*;P?8<
/+'X[ZCQ+AOA=?ZV@?__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g937723na_pg002a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g937723na_pg002a.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````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,#_\``$0@`$`"0`P$1``(1`0,1`?_$`&8```(#`0$!````````
M``````<(!`4&"0,*`0$`````````````````````$``!!`,!```&`04!````
M```&`P0%!P$""`D`$1(3%!48(2(T%A<*$0$`````````````````````_]H`
M#`,!``(1`Q$`/P#Z5)/_`-$7B]#24A#R?>=:-9**?.XV0;;"5N*;-WK%PHU=
MH941KM1+?**Z6VOSUVVUS\OGC.<?U^`Y$>P'N-SC:O/#(J\P/9,&HWHBJ'4P
M48KW-<D3P<Z`@]V;51P#.Y<[IF;9#A6QVCLJPBV^4F#I=91H\V3T7T=-0Z%>
M#'NE7GK95#L%.&D=7_:-1C#23MZOH])=$<-AU%TQA<W!6VRNRVR8T_EG[=&2
MC%5-W,(_=)I9V5;K-G"H$=W3?.S4!]$^FSKARO.O[(KCIVZ9]86VK>N">VC8
M9#ANO%W@^)RIO&K?M)B)&D7"L9%[.-/S%4=6B'TJ+:?`+:GT=Y%.J3SV)'><
M]./^!TK\@:3=]@)\_P!6I!S6"EX%NSD+Y4"EA+0US2`Q=CU&OY"4PW_)2GL+
M+:MMV:&ZWP$0_O3SLJ$+H0PMKQR'0A;K6I7IART(;4'1DV96O<\B:0\!6G*<
MC#Q42KK7MY6@(%D02L4)572.:QVTDDY<IN8AVE\`6)"?\\(;KV+X0F/*>J&W
M3<^8@#@=%&U*4P[%)SG`I"I8I,>KV9WL--H?2KJJGQ>5%99HIKI,*E2;-BV;
MJXD$%<!.ZSF?.'D>\AKGLK\M:M,;"N@6%W?)J0=1%,.(GI6R9.PX<!-J>@95
M[!MFH.654S)XPGG',SLC')B2SF136W_!<HZA"BIWSPFNN)OA1CY4U+_)\<."
MC:9#G-*TTB+,N;8<`9&(WUPH>ZBZL/M4IV334>'L&NNF9I,M679+MD]6BRV`
M#(-T!YVVM7M]'-5>-@^:2/(]7*EG6(!K0M$PII3MM0-@S(G87,K!A*1236QK
MH`1`.FRMRWB5MV#J&2C=4'.[J99(Y!S.9:_\Z^PZ;M:_.??.'G\NJR`(3(>Y
M_*I2F:?%V/5*83#I)ORRN_W`RDL-@LM823X<CI*9T;_E+QRSO[6C3*2B@)J%
M]'^85GT=<G2%9^3`B65!S(-U<]Z<E-N=*AA2>GCJ<DME.AJCW#Y$<UD"^P>-
MPGZ9X^1C]\MDVJFJ+!9VOGZ,!:$_0_E`!4N!]9'OF75P[Q=9UHW#701THCS_
M`%%-Q<M$`4)+/*FLY4`CAS<W8U_U(1B\G#`KE1OA9V\WBMW235&9:;_`6UD6
M9P/3133%4VOXX!(A??3E95.8<ST]FEJ*E9*UK!."Z(&+.H]R3LH+_60@_P":
MXTC8$!LI(+?K68YNX>MEW.&VZ>P&ONC/F/Y^.:[E+I\W:AEJXM"&L"'$["`>
M=ZK)VSR_!H?V)JZYR4'T!M.83/K]9L7[,0<9U_7O)=CEFX4;[*I;[@,RXPX!
MKB_*[Y.L;R+K,;Z9NN/H:9HZM65/442Q=F0ECHR*][3#,\A8%8=A&/'#<=E'
M)YEWG7?+)-DXC=7FDDVQ\!'%#;@2Q+PM/E>N_(.N"7IZB$KYDKJJEU3M%#C$
M#&ZWC(J3HTEV/9F!1&IJ.[$0*(G8!PWS]W=#>06D-6:<4ZV^`PL#-^;W;G&O
M<5G\W>?E8A(I3W*A<\Q<)#0E:@\F/=%OJ2)S4QI>"CT8)(E9V5S<LK%H$L@E
MMHR93SK#1HLNJU7W3#K(]\F/+V2>NY&1\].,GTA(.G#U\]=\WU,X=/'CM7==
MTZ<KJBNRJSAPNIMOOOMG.VVV<YSGY_`<C_7WR&3)N=VU4^5WF'YY-;5M-S+C
MA_=I96%%`TW2H7LV9I[25>-I43QLZ-"/+M9%*32^ZK"H-U%4$=G:K99N#J^,
M7B_1'D91N(6"Q&6+TS847'J7Q?:T?E)Y.O$OH=Z@H&F[T_-'*N'GO^,V_L<R
M:^F'CWYJ?91:AGY`MYQ-ZV]"N5[8[-#^59NT.K+9A">096[6==V^QKPFB*XS
M/H#>#IYNZ'\'8GJ[C4I=)IEPV;O-W#)1-RFDLF`53Y,\CD(MS3C?NND6_$3N
M_(_HIQP<E?'/W\>E"Y@":C60O*.\AN6YIE\>(HGC@3R__6*F26'F=?L[;M]@
MRD_QMYD6``@==V[ZJQUJ1="4G(4]R;-D?4//S0PYDF=;"8G0=>P,2Q"C)]-7
M_7,>*C0]$$<I^3OI`0&&ZJ2NTC*J/`*ZM,>=DGT#&=@D/I]7<SUW#6^`'L3?
M.M]<X1DI%U0%`.]<2G*D:)L5M!5ASQ8</*2\C.Q:2&KUT22RDOH[3>-VFR`7
MW5=4^:G7ELR]X6/Z.5M$6>-"->07+I.(]'4)&N>/"H%/6=F25I4J@[>OVJEA
MV250T8W)'DQI(:20_&I0^4]&*CA-8,XTI;SRB[ZVZ]AO42NH[L-[:QX;SO0.
M;UYP>R9!5YM7K>MFG+\H&.G.XDXY[!8N%AY.#B-D-G+(DBM9;+E1VY>;K@*H
M;C'S"!PLX`JI]48VL(2_*:@ZBZ]?#G4=`+%/5<DVL%V<F=UV&42*KF5A+XM&
M.)B0=GB*'V9JK#Q!NV120W8QBK0'#HK;S]Y=JWH:E^=/16E:HK2WB(P+:E$X
M>\N?'\1R5/'\!AH4IT&QE)!RSCA90SV6)F$))IOXR-F';C"*6&JN6^`4B$XS
M\I`<(,Z;J[TC":ZH&Z!>A![IBGX?IBAWT9T1)TK,ZO"DY-R:4?.2F+.^FAQ)
M.!M&1BW+-0MB4_I4PDMMLMD+61Y"\EB@2@Z,L'T"JP\XY"[$ONRZZX]E^B*`
M95$#2UYP+V%80$6ZB'C$L<!=$NB@CDJ]C57N=1B1G-5DM]_UD5AF'D5<N>=M
MDZAQ/;?K1#65>-+5C1]<\P]!3?1?-C:QN<)&DBU$T4M`(T9:Z#LU:5RR<>P:
M'TI+LWN">'8IQZJ:;;=710&'[)#?,/O.;$MNC>[Z6)``#K2R!@/JZ&Z-I4?%
MX"V;&C6\`CTNQ=-9M2;_`.U5F/Z+MPYYNXW:#B[YT[;H9=*X5T`*S?/OGN;6
M`.7Y97J^*'_5=;K\Y8I7I"5O_FN/,*?B*`:.6\Z.BH_#98B3F#Z26()]2RV[
MMHLF2ZS>R.-6Z#&-3:!'C^=?/<4.B2]:T]9!FM^J++TZ/9W?TG`]`\TNS>Y(
M;H)-#$)!E,-,:OA5E&<V*PD)FL4V35#071A]$/DX1=O]'(4BM<>:W%_+/<XS
MR;V94^@A<7'!('J<\H]!U.91!#=`921*!-[C'FR,RN6N[IN6$2CF93L@JIJ3
-2C)N]41R^W545#__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g937723na_pg002b.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g937723na_pg002b.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````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@`C@`*`P$1``(1`0,1`?_$`'8``0$``P$`````````
M``````H)``0(!P$!`````````````````````!````4"`@4*!`0'`0``````
M`P0%!@<""`$U`#(S-`EB$V,45&055396$6%3%J$2%S<Q42)"<E<9.1$!````
M`````````````````/_:``P#`0`"$0,1`#\`ZYFR+5.WT>/DZ;Y&@(*[N715
M8U&?%\'XAUT=+F4"R>YDY.'GTU:^QHZ<K(9C698K@3DXXV3*N3B8(T,`G&5,
M$F/C3@#(NKJ'N&G(>K[D0S#W#_CT&PT`O+_MTLD=<JN]WM&W7C70>T9+;+TC
M.6('A:W&6&W;O(<>R8Z4YTRHR_LQ:CYSF(U:$I.)+H-KX3'/M>D_6,9%^-`A
MPV(,"?\`PE!\BH]-^$Y?CD/D6KJ=W_#0)D+S_P"(2USS(#<=W'"H;I>35NE&
MC4NO1)-:2>D$^)6'6&C,BH_=Z6H=BW6`-1\`B%`]>.-6&.%'PQPPT"J/P/?4
M*;I\-D-OWU-MNG(U^5H!:7'8#PRHK8,L6D5WGH5T5QJ7:I79Y;9`LL2K9,IS
MS`R,G+ZVZD-I6]-TXFPO@V9K4W>K%!P%1>4,%6HXEI=8AG"@F%AH"<?!QOK.
MGTAX/G17;?6WCU3WW9<O0#`2#:W;I'+&>/#F:?$EMC?,=%0UI%(63D(ZLWQX
MA;T$.*(ZA3%+>N#D.96HBDYC7CX^)0@ZUIGTNXL;%H/5*&*C30=T!1'A@78E
MKTSX9G0FR[%FV==]UNGT"#KXX0K^8-LKVME9<]&9"L\((R\*5M[;]J=O9V[9
MXH`ID=8&8K;NJ?ST:[-#D-7'$J`)O99;U#E*F*J#U:KX@'@>T"\?AA?L"UZ9
M\,S<3=^P9MG7?-;I]`.%7)'"M=:R.UX&?/$IN0FA953=$60]%MV7$K)JTUDB
M2VJ(2E(D8N5^3:S8K7(";[D13A)6?F"Q2S4P4OS0AW$4<F":!(_-FNP&,DYO
M-Z]Z[!K[QWO6^>@2J8'!9M%BDXTCT8OR\R/QF"PL8J8]+1O7N21`6C%V*X4<
MN,;MX$G(`8:6R,5X@`:Q3@\,"^(P-&/Y?Z:?@%9NJ4_6-[IU3>AM7ZVMO?2Z
M_P`]`VM`S0#_`"GQ+N(=C9@^+STZQMLJK"=T:R8YH@:,:N)^25/\$NMM4+J:
MTT.ZV"%9I1XI+A/!Q).!=TU,E3.GVR+@+362,E`1E$,+B_=!S^9'T5X]_=FO
M9]ML.1K_`#T#Q5D7Q6;R5,:W;U']TD"O*<FZ.H%5>)V[*;.57X`:1ZAZ%HJ`
MVRBL(I*!I"%*BT'PR]`M9$0*N@?`.JBK#`.!?T-FO_7KM_\`:#]<M0/]E/\`
M86^^DOGK='H$/V6!P^H<MK7[AY=CB]B2K36;;NJ(?#5D>:F+$D-L(BQV(_3<
MS1X0B2X2"#YZ7XUG9_OQ(+8L]Y267:JZK$PP2P//'#YX(Z#,_N.CL9KTC]Q[
MSCJ=CU=ZZ3\-`/<0C;C#E;3!'']IV>LEG&(8?DO+_#[0K2D1=4#\O*[F.G:+
M(1"!*3S$=*L//%//&1%1\AF*%H19,UF<"W4A*@@P0=S)_P!I)WH[F<R+;_[2
MW;+N\[+D:`<-U3%8&VV[$$DE;]>+L\V/,$3DKDL')'\R7,NMO15;RHN?%KEI
MMG`%/;F)J*HOQ<`1@MB.H@TCX!D3@O,<P3,BA`E+K25YT%DG6LT!RKSK:;+O
M6I\]`**BLV=8ZL"N2G:*N$G:^U(_NJ@&26PJP);NTY(;ESD6T)5;V26:P+C8
MT6PF%5.S62EXX:+.DLSC:&>3>N&ZDY.5RE8AC0%%<[AY.D?MKSN4A_P\GU,H
M[IJ_+0!6'R+-!-J+9,NB+'I(0;Q-(G_>49R<2>@\B.+!U")I.4Q78@0HHV[$
MW:VQL:00TXE*H434F"])484%,YQ.I!O_`%<S[D'R#J^Q2=Y]R;KM^1NG(T`/
MN,D-&F*#JXE28RV/9J7,J#;/<$54XC,GM^ZLPB8KXZ.H6TXP;3$!EZH3L<F%
M=98*)"BM6W!Z3-"10JTIHN(N`-U_*E>U#/I/\N4$LJ]J;7>>Z;#E:`-E74;G
MB5R=<$+S,OI6^+4.N&4="O@;<G2JFV4EAC2D,*GR`7B,*(*FJ7MO34H2C$^U
F:6@=(B%`Q252]575BL8`SGF%WS%-R?F,K'SWS',LM[KK]-H'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g937723na_pg003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g937723na_pg003.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````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@`C@`*`P$1``(1`0,1`?_$`',``0$!`0$`````````
M``````H)"``$`0$`````````````````````$```!0,`!0D'`P4!```````#
M!`4&!P$""``R-#4)8A,S%&055396$6$24V-4%C&A%R)R-U<9.1$!````````
M`````````````/_:``P#`0`"$0,1`#\`US-D6J>/H\?)TWR-`067<NBJQJ,^
M+X/Q#LH[7,H%D]S)R<//IK%]C1TY60S&LRQ7`G)QQLF5<G$P1H8!.,J8),>M
MM`9%U=0]0V[AZOL1#>'J'^WZ'0:`7E_XZ82.N57>[VCCKQKH/:,EMEZ1G+$#
MPMCC+#;QWD./9,=*<Z949?X8M1\YS$:M"4G$EV&U\)CGVO:?O&,B^VP0X;$&
M!/\`W2@^!6>6^Z=WUW#X%JZG9_VT"9"\_P#B$M<\R`W'EQPJ&Z7DU;M1HU+K
MT236DGI!/B7AWAHS(N/Y>EK'8MW@#6>P(A8/?6MU*TL]E:4T"J/L/?,*;)[.
MB&V[YG3;)R-?E:`6EQX`\,J*V#+&)%^9Z%E%D:EXJ7X>8V0++$JX3*<\P,C)
MR^MNI#:6/3=.)L+T;,UJ;O5B@X"HO*%%6XXEI=XAFEA,*F@)Q[G&^<Z?*'<^
M^BO3?.VCS3VWHN7H!@)!Q;QTCEC/'AS-/B2XQOF.BH:TBD,)R$=8;UXA;T$.
M*(ZA;%+>R#D.96HBDYC7CX]2A!UK3/M=Q8V+8>N4*J-MAW0%$=V!?9+7EGNS
M?0G1?9;VWUVW6^OH$'7QPA7\P<97MC*RYZ,R%AX01EX4KCVW\4\>SN6SQ0!3
M(ZP,Q6WE4_GHUV:'(:N.)<`3>RRWK'*5,76'KU7O`.A[0+Q]V%_L%KRSW9O<
M39_L-[;Z[9K?7T`X5\D<*UUK([7@9\\2G)":%E5-V19#T6Y9<2LFK362)+:H
MA*4B1BY7Y-K-BM<@)ON1%.$E9^46+6:F"E^:$.U%')@F@2/S9K[`QN3F][W[
M5]AK[1VO6]^@2J8'!9Q%BDXTCT8OS,R/QF"PJQ4Q[6CFODDB`M&+JKA1RUC=
MO`DY`##2V15>(`&JIP=*%ZC`V5^'^FWV!6;JEOSC>R=4VH;5^=K;7]77]^@>
MK0.T"!%.(]Q-3D&`93@\/V*6[!=D0N+)=03W;-$CDIF*,!!6Z)A?&8U&0<,V
M+I'+M?2K+U`O2H`S4#&IW=>8J/\`"->%T_R2WP9<W%WUL8/3^GMI\Q]F_3EZ
M!GUD9Q8;R5,:WCU'^4D"O*<FZ.H%5>)V[*;.57X`:1[A[%HJ`VRBL(I*!I"%
M*BV'PR]@MY$0*^P>@=UEU*!@7^#9K_UZ[?\`V@_G+4#_`,*?["VWRE[];Z>@
M0_98'#ZAS&M?R'EV.,V)*Q-9N.ZHA\-61YJ8L20VPB+'8C]-S-'A"),A((/G
MI?C6=G^_$@M5GO*2R[5758F&"6!YXX?/!'09G^1V?9FO*/Y'M-=3[/5VKZG[
M:`>XA&W&'*XF"./\3P]9+.,0P_)>7^'VA8E(BZH'Y>5W,=.V80B$"4GF(Z58
M>>*>>,B*CY#,6+0BR9O,T+=2$N"#!!W,G_22=Y.YG>1;;_26S;N[3T7(T`X;
MJF+`-MMV())*YZ\79YL>8(G)9)4<D?S)DRZV]%6/*BYZM<M-LX`I[<J:BJ+Z
MN`(P6J.H@VCT#(G!>8Y@F9%"!*76DKQH+<G6MZ`[J\:Z3HNU:GOT`HJ*S9UC
MK`+)*=HJX2>+[4C_`"J@&26PJP)CNTY(;F3D6V)5[V26:P,C8T6PF%=.S62E
MXX:+.DLSC:&>3>N&[DY.5REXAC0%%<[3P=(_QKSNZ0_T\'U-T=DU?=H`K#Y%
MF@FU%LF71%CTD(-XFD3_`+RC.3B3V'D1Q4=0B:3E,5V($**..Q-VML:MH(:<
M2E4*)K3!>TJ,*"F<XG6@W_JYGU(/N#J_0I.T^I-EZ?D;)R-`#[62&C;%!U<2
MI,9;'PU+F5!MGN"*J<1F3V_E681*KXZ.H8TU@VV(#+U0G8Y*7WE@HD**U[<'
MM,V)%BK:FBU%H#=?A2O2AGRG\.Z"6ZO2G2[3V3H.5H`V5=1R>)9)WP0O,S.E
M;XM0ZX91T+.!MR=*J;A26&-*0PJ?(!>(PH@N:I?&]-2A+*GVK:T#I$0H&*2N
>7KK[JK%`9SS"[XBF[GYC=8^_?$=Y;M[+K_6T#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g937723na_pg004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g937723na_pg004.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@`C@`*`P$1``(1`0,1`?_$`',``0$!`0$`````````
M``````H)"``$`0$`````````````````````$```!0("!@<'`P4!```````#
M!`4&!P((`34`,A,S-`EB%%1D%54V$6$24V,65J$7-S$B<E<9.1$!````````
M`````````````/_:``P#`0`"$0,1`#\`US-D6J=OH\?)TWR-`05W<NBJQJ,^
M;X/S#KHZ7,H%D]S)R<//IJU]C1TY60S&LRQ7`G)QQLF5<G$P1H8!.,J8),?&
MG`&1=74/R&G(>K\$0S#\A_Q^AN-`+R_[=+)'7*KO=[1MUYUT'M&2VR](SEB!
MX6MQEAMV[R''LF.E.=,J,O[,6H^<YB-6A*3B2Z#:^$QS[7I/UC&1?;0(<-B#
M`G_PE!\BH]-^$Y?CD/D6KJ=W_30)D+S_`.82USS(#<=W'*H;I>35NE&C4NO1
M)-:2>D$^)6'6&C,BH_=Z6H=BW6`-1[`B%`]>.-6&.%'LQPPT"J/L/?,*<)[-
MT-QWS-]PG0U^EH!:7'8#RRHK8,L6D5WGH5T5QJ7:I79Y;9`LL2K9,ISS`R,G
M+ZVZD-I6]-TXFPO@V9K4W>K%!P%1>4,%6HXEI=8AG"@F%AH"<?!QOG.GTAX/
MG17??.XCU3WW==/0#`2#:W;I'+&>/+F:?,EMC?,=%0UI%(63D(ZLWQYA;T$.
M*(ZA3%+>N#D.96HBDYC7CX^)0@ZUIGTNXL;%H/5*&*C30=T!1'A@78EKTSX9
MG0FZ[%FV==]UOKZ!!U\<H5_,&V5[6RLN>C,A6>$$9>%*V]M^U.WL[=L\4`4R
M.L#,5MW5/YZ-=FAR&KCB5`$WLLMZARE3%5!ZM5\0#P/:!>/PPOV!:],^&9N)
MP_8,VSKOFM]?0#A5R1RK76LCM>!GSS*;D)H654W1%D/1;=ES*R:M-9(DMJB$
MI2)&+E?DVLV*UR`F^Y$4X25GY@L4LU,%+[(0[B*.3!-`D?9FNP&,DV>;U\5V
M#7XCO>M[]`E4P.2S:+%)QI'HQ?EYD?C,%A8Q4QZ6C>O<DB`M&+L5PHY<8W;P
M).0`PTMD8KQ``UBG!X8%\1@:,?A_MI]@5FZI3\XWPG5.*&U?G:W%_5U_?H'J
MT#M`/XY+^^:XC7NQ/9^HVCVBLI1D%5EXT@.)S31<`I,J5X[CYB%G43?C,DM"
MMW%;[6,@'1ZBA]OFRZ@OES=--(Q4N1'+*8X7UVQGN.X^#B1,R[/N-QTMYT-`
MS(RKWK,Y-F17M]85T$!/2=6N:40%**6_*#,5W\3.I-)HNN`%&Z55A5,Z<0]B
M.$?H+4"B$J@Q`Q\`ZJ:Z<`P1^QLU_P"O7;_[0?OEJ!_PI_L+C?27OUOIZ!#]
ME@<OJ'+:U^X>78XO8DJTUFV[JB'RU9'FIBQ)#;"(L=B/TW,T>$(DN$@@^>E^
M-9V?[\2"V+/>4EEVJNJQ,,$L#MCA\\$=!F?W'1V,UZ1^X^)QU.QZO%?4_30#
MW$(VYPY6TP1Q_:=GK)9QB&'Y+R_R^T*TI$75`_+RNYCIVBR$0@2D\Q'2K#SQ
M3SQD14?(9BA:$63-9G`MU(2H(,$';$_^))WH[8YD6X_\2X;+N\[KH:`<-U3%
M8&VV[$$DE;]>;L\V/,$3DKDL')'\R7,NMO15;RHN?%KEIMG`%/;F)J*HOQ<`
M1@MB.H@TCX!D3@NPV!,R*$"4NM)7G062=:S0'*O.MYNN]:GOT`HJ*S9UCJP*
MY*=HJY2=K[4C^ZJ`9);"K`EN[3DAN7.1;0E5O9)9K`N-C1;"854[-9*7CAHL
MZ2S.-H9Y-ZX;J3DY7*5B&-`45M</)TC^-=KE(?\`3R?4RCNFK[M`%8?(LT$V
MHMDRZ(L>DA!O$TB?]Y1G)S)Z#R(XL'4(FDY3%=B!"BC;L3=K;&QI!#3B4JA1
M-28+TE1A04S:)U(-_P"KF?R0?(.K[E)XG\DX7?\`0X3H:`'W&2&C3%!U<2I,
M9;'LU+F5!MGN2*J<QF3V_=681,5\='4+:<8-IB`R]4)V.3"NLL%$A16K;@])
MFA(H5:4T7$7`&Z_"E?BAGTG\.4$LJ_%-[Q/=-QTM`&RKJ-SQ*Y.N"%YF7TK?
M-J'7#*.A7P-N3I53;*2PQI2&%3Y`+Q&%$%35+VWIJ4)1B?:M+0.D1"@8I*I>
<JKJQ6,`9SL%WS%-R?896/GOF.99;W77^MH'_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
