<SEC-DOCUMENT>0001193125-21-190209.txt : 20210728
<SEC-HEADER>0001193125-21-190209.hdr.sgml : 20210728
<ACCEPTANCE-DATETIME>20210614172001
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-21-190209
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210614

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEGALZOOM.COM, INC.
		CENTRAL INDEX KEY:			0001286139
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				954752856
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		101 N. BRAND BLVD., SUITE 1100
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203
		BUSINESS PHONE:		323-962-8600

	MAIL ADDRESS:	
		STREET 1:		101 N. BRAND BLVD., SUITE 1100
		CITY:			GLENDALE
		STATE:			CA
		ZIP:			91203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEGALZOOM COM INC
		DATE OF NAME CHANGE:	20040405
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN PORTIONS OF THIS LETTER HAVE BEEN OMITTED FROM THE VERSION FILED VIA EDGAR.
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. INFORMATION THAT WAS OMITTED IN THE EDGAR VERSION HAS BEEN NOTED IN THIS LETTER WITH A PLACEHOLDER IDENTIFIED BY THE MARK &#147;[***]&#148;. </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g162923dsp0001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">C. Thomas Hopkins </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">T:<I>
</I>+1 310 883 6417 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">thopkins@cooley.com </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June&nbsp;14, 2021
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Matthew Crispino </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jan Woo </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Brittany Ebbertt </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Kathleen Collins </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of Technology </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>LegalZoom.com, Inc. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Filed June&nbsp;4, 2021 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;333-256803</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On behalf of LegalZoom.com, Inc. (the
&#147;<B><I>Company</I></B>&#148;), we are supplementally providing the staff (the &#147;<B><I>Staff</I></B>&#148;) of the Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) with information regarding the proposed price
range of the shares of the Company&#146;s common stock (the &#147;<B><I>Common Stock</I></B>&#148;) to be offered in the proposed initial public offering (the &#147;<B><I>IPO</I></B>&#148;) pursuant to the Company&#146;s Registration Statement on <FONT
STYLE="white-space:nowrap">Form&nbsp;S-1,</FONT> (File <FONT STYLE="white-space:nowrap">No.&nbsp;333-256803),</FONT> filed with the Commission on June&nbsp;4, 2021 (the &#147;<B><I>Registration Statement</I></B>&#148;). This letter supplements the
Company&#146;s response (the &#147;<B><I>Prior Response</I></B>&#148;) to comment number 18 received from the Staff by letter dated May&nbsp;3, 2021, relating to the Company&#146;s Draft Registration Statement on
<FONT STYLE="white-space:nowrap">Form&nbsp;S-1,&nbsp;as</FONT> originally confidentially submitted to the Staff on April&nbsp;6, 2021, and amended on May&nbsp;17, 2021. The Prior Response set forth a breakdown of all stock options and RSUs granted
by the Company in fiscal 2020 and in the current fiscal year through the date of the Prior Response as well as the fair value of the underlying common stock used to value such awards, as determined by the Company&#146;s board of directors (the
&#147;<B><I>Board</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Due to the commercially sensitive nature of certain information contained in this letter, the Company hereby requests,
pursuant to 17 C.F.R. &#167;200.83, that certain portions of this letter be maintained in confidence, not be made part of any public record and not be disclosed to any person. The Company has filed a separate copy of this letter, marked to show the
portions redacted from the version filed via EDGAR and for which the Company is requesting confidential treatment. The Company has also filed a separate letter with the Office of Freedom of Information and Privacy Act Operations in connection with
the confidential treatment request pursuant to 17 C.F.R. &#167;200.83. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Cooley LLP 1333 2nd
Street Suite 400 Santa Monica, CA 90401 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">t: +1 310 883 6400 f: +1 310 883 6500 cooley.com </P>

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 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 14, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page Two </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Preliminary IPO Price Range </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company supplementally advises the Staff that the Company preliminarily estimates a price range of $[***] to $[***] per share (the &#147;<B><I>Preliminary
Price Range</I></B>&#148;) for its IPO. The Preliminary Price Range has been estimated based, in part, upon current market conditions, the Company&#146;s financial condition and prospects and ongoing discussions regarding market conditions between
senior management of the Company and representatives of the underwriters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company will include a bona fide price range, which the Company currently
expects to be a three-dollar range, in an amendment to the Registration Statement that would be filed shortly before the commencement of the Company&#146;s road show. We are providing this information to you supplementally to facilitate your review
process. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IPO Grants </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company expects to grant
RSUs that will be contingent on the effectiveness of the Registration Statement. The RSUs will have a grant date fair value of approximately $10.9&nbsp;million and the number of shares underlying the RSUs will be based on the initial public offering
price to the public (the &#147;<B><I>IPO RSU Grants</I></B><I>&#148;). </I>In addition, the Company also expects to<I> </I>grant options to purchase shares of common stock (&#147;<B><I>IPO Options</I></B>&#148;) with an exercise price equal to the
initial public offering price for a number of shares equal to 2.5 times the number of shares subject to the IPO RSU Grants (together with the IPO RSU Grants, the &#147;<B><I>IPO Grants</I></B>&#148;). Because the number of shares and exercise price
of the IPO Options is based on the initial public offering price the grant date for accounting purposes will not be established until the time of the IPO. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company estimates the aggregate amount of stock-based compensation expense that the Company will recognize for the IPO Grants to be approximately $[***]
million, assuming the initial public offering price is $[***] per share, the midpoint of the Preliminary Price Range. The Company expects to recognize this stock-based compensation cost over a weighted-average requisite service period of
approximately 4.0 years. The final amount of stock-based compensation cost will vary depending and contingent upon the actual initial public offering price per share. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Proposed Option and RSU Modifications Prior to the IPO </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For retention purposes, the Company expects to amend the vesting schedule of certain options held by executive officers so that these options do not vest
immediately upon an IPO. Rather, subject to and contingent upon the completion of the IPO, the options will also be subject to a time-based vesting schedule, such that 1/48th of the total shares of common stock underlying each modified option will
vest each month following the optionee&#146;s vesting commencement date, subject to continued service through each applicable vesting date. Under the original terms of the options, exercisable for a total of 4,375,385 shares, options for 3,052,074
shares would have vested upon the IPO if the price to the public was $[***] per share, the midpoint of the Preliminary Price Range, with an immediate stock-based compensation charge of approximately $[***] million. However, as a result of the
modifications, at the time of the IPO, the Company estimates it will recognize a stock-based compensation charge of approximately $[***] million upon the IPO effective date, and stock-based compensation of approximately $[***] million will be
recognized over a remaining weighted-average period of 3.1 years. For accounting purposes, as the options are not probable of vesting until the IPO occurs, these modifications will result in the total compensation cost being measured at fair value
as of the modification date. The Company will use the Black-Scholes Option Pricing Model to estimate the fair value of the modified options using the common stock fair value of $[***] per share, the midpoint of the Preliminary Price Range, and the
initial exercise price of the modified options, $9.82 per </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Cooley LLP 1333 2nd
Street Suite 400 Santa Monica, CA 90401 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">t: +1 310 883 6400 f: +1 310 883 6500 cooley.com </P>

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<IMG SRC="g162923dsp0001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 14, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page Three </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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share, as the primary inputs. These amounts are based upon management&#146;s best estimate as of the date of this letter. The Company&#146;s option valuation assumptions for the modified options
will be measured on the modification date prior to the IPO. The above stock-based compensation amounts exclude other potential accounting outcomes where an IPO does not occur, and accordingly, have been excluded from this letter as they are
irrelevant to the Company&#146;s IPO plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the Company expects to amend the vesting schedule of an option held by another executive officer
to purchase up to [***] shares of common stock so that the option does not vest immediately upon a change in control event or a qualifying termination of employment or upon the fourth anniversary of the original date of grant. Subject to, and
contingent upon the IPO, the [***] options will instead be subject to a time-based vesting schedule, such that 1/48th of the total shares of common stock underlying the options will vest each month following the vesting commencement date, subject to
continued service through each applicable vesting date. As of the estimated modification date, the Company has previously recognized a stock-based compensation charge of approximately $[***] million, with approximately $[***] million of additional
stock-based compensation that would have been recognized over the remaining period of 2.3 years. As a result of this modification, the Company estimates it will recognize $[***] million of additional compensation expense measured based on the
estimated fair value of the options immediately before and immediately after the modification using the common stock fair value of $[***] per share, the midpoint of the Preliminary Price Range. At the time of the IPO, the Company estimates it will
recognize approximately $[***] million of the incremental stock-based compensation expense. Aggregate unrecognized stock-based compensation of $[***] million, consisting of the original stock-based compensation associated with the option of $[***]
million and the remaining incremental stock-based compensation of the modified time-based option of approximately $[***] million, will be recognized over the remaining period of 2.3 years. In estimating the incremental compensation from the
modification, the Company utilized a Monte Carlo Simulation to calculate the fair value of the original performance-based option immediately before the modification as the original award contained market conditions, and a Black-Scholes Option
Pricing Model to calculate the fair value of the modified time-based option immediately after the modification. For both the Monte Carlo Simulation and Black-Scholes Option Pricing Model, the Company used a common stock fair value of $[***] per
share, the midpoint of the Preliminary Price Range, and the exercise price of $9.82 per share. These amounts are based upon management&#146;s best estimate as of the date of this letter, and is subject to change based upon the completion of the
Monte Carlo Simulation valuation which is in progress as of the date of this letter. The Company expects to complete the Monte Carlo Simulation valuation before filing an amendment to the Registration Statement and before the commencement of the
Company&#146;s road show. The Company&#146;s option valuation assumptions for this modified time-based option will be measured on the modification date prior to the IPO. The above compensation cost amounts exclude the impact of other potential
accounting outcomes where an IPO does not occur, and accordingly, have been excluded from this letter as they are irrelevant to the Company&#146;s IPO plans. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, for retention purposes, the Company expects to amend the severance vesting acceleration benefit applicable to certain restricted stock units and
remove the change in control vesting acceleration benefit applicable to options subject to time-based vesting, that were issued to certain of its executive officers. The modification is expected to occur before the IPO. As no previous stock-based
compensation expense has been recognized on the RSUs due to a liquidity event-based vesting condition, the modification will result in the RSUs having a fair value equal to the fair value of our common stock on the modification date, which the
Company estimates is $[***] per share, the midpoint of the Preliminary Price Range. Upon satisfying the IPO performance condition, the Company will recognize a stock-based compensation charge of approximately $[***] million for RSUs that have
satisfied the time-based service condition incurred through to the IPO effective date, and the remaining stock-based compensation of approximately $[***] million will be recognized over a weighted-average period of 3.3 years. These compensation
amounts are based upon management&#146;s best estimate as of the date of this letter. The stock-based compensation charge for the modified RSUs will be measured on the modification date prior to the IPO. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Cooley LLP 1333 2nd
Street Suite 400 Santa Monica, CA 90401 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">t: +1 310 883 6400 f: +1 310 883 6500 cooley.com </P>

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 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 14, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page Four </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Historical Fair Value Determination and Methodology </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Prior Response contains a discussion of the determination of the fair market value per share of the Company&#146;s common stock for financial reporting
purposes by the Board for fiscal 2020 through May&nbsp;17, 2021, including a full description of the valuation methods used, including the income approach, the market approach and the Guideline Public Company Method, and the other key considerations
of the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There have been no equity grants subsequent to the date of the Prior Response Letter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has estimated a Preliminary Price Range of approximately $[***] to $[***] per share for its IPO. As is typical in an IPO, the Preliminary Price
Range was not derived using a formal determination of fair value, but rather was determined based on discussions between the Company and the underwriters. In setting the Preliminary Price Range, the following factors were considered: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the general conditions of the securities market and the recent market prices of, and the demand for, publicly
traded common stock of comparable companies; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Company&#146;s financial condition and prospects; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">estimates of business potential and earnings prospects for the Company and the industry in which it operates; and
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">recent performance of IPOs of companies in the Company&#146;s sector. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company believes that the difference between the $[***] per share estimated fair value of its Common Stock described in the Prior Response and the
Preliminary Price Range of $[***] to $[***] per share is the result of the Company&#146;s evaluation of the factors above, as well as the following considerations: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Preliminary Price Range assumes a successful IPO in June 2021 with no weighting placed on any other outcome
of the Company, such as an acquisition or remaining private. Therefore, the Preliminary Price Range effectively weighs a near-term IPO outcome at 100%. In contrast, the March&nbsp;31, 2021 Valuation Report weighted different outcomes including the
probability of a successful IPO by June&nbsp;30, 2021 at 40% and by September&nbsp;30, 2021 at 75%. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Preliminary Price Range took into account the recent performance and valuations of public companies that the
Lead Underwriters expect will be viewed by investors as comparable to the Company (the &#147;<B><I>Comparable Companies</I></B>&#148;). On average, the share prices of Comparable Companies have increased by 11% from March 2021 through June 2021.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Preliminary Price Range represents a future price for shares of common stock that, if issued in the IPO, will
be immediately freely tradable in a public market, whereas the estimated fair values of the common stock as of March&nbsp;31, 2021 appropriately represent contemporaneous estimates of the fair value of shares that were then illiquid and might never
become liquid, and as such, were adjusted for a discount due to lack of marketability. The prior valuations applied a discount to the fair value determinations for lack of marketability, which was 8% at March&nbsp;31, 2021. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Cooley LLP 1333 2nd
Street Suite 400 Santa Monica, CA 90401 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">t: +1 310 883 6400 f: +1 310 883 6500 cooley.com </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g162923dsp0001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 14, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page Five </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Preliminary Price Range took into account the recent performance of successful initial public offerings of
technology companies. Since August 2019, a number of technology companies have either completed or made public filings for their initial public offerings, suggesting a favorable market for companies that are similar to the Company in executing and
completing initial public offerings. Further, the valuations for recent technology company initial public offerings have increased dramatically compared to those earlier in 2020, due in part to favorable market conditions and strong revenue growth.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Based on the Company&#146;s recent financial performance and current market sentiment, the Company expects that
there will be significant investor interest in the IPO. The capital markets continue to reward high growth technology companies in expanding addressable markets with exposure to favorable industry trends such as increasing demand for <FONT
STYLE="white-space:nowrap">on-line</FONT> solutions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Since May&nbsp;17, 2021, the Company has taken several steps towards the completion of an IPO, including holding
&#147;testing the waters&#148; meetings, at which the Company received feedback from potential investors, engaging additional underwriters, and publicly filing the Registration Statement with the Commission. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The successful completion of an IPO would strengthen the Company&#146;s balance sheet, provide access to public
equity and debt markets and provide a &#147;currency&#148; of publicly tradeable securities to enable the Company to make strategic acquisitions as the Board may deem appropriate, providing enhanced operational flexibility. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In light of the Preliminary Price Range and the other factors described in this letter, the Company respectfully advises the Staff that it believes that the
deemed per share fair values of the Common Stock used as the basis for determining stock-based compensation expense in connection with its stock option and RSU grants have been reasonable and appropriate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please contact me at (310) <FONT
STYLE="white-space:nowrap">883-6417,</FONT> Jodie Bourdet at (415) <FONT STYLE="white-space:nowrap">693-2054</FONT> or Jonie Ing Kondracki at (415) <FONT STYLE="white-space:nowrap">693-2174</FONT> with any questions or further comments regarding our
response to the Staff&#146;s comment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Cooley LLP 1333 2nd
Street Suite 400 Santa Monica, CA 90401 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">t: +1 310 883 6400 f: +1 310 883 6500 cooley.com </P>

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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


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 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g162923dsp0001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 14, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page Six </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TR>

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


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ C. Thomas Hopkins</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">C. Thomas Hopkins</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Dan Wernikoff, Chief Executive Officer, LegalZoom.com, Inc. </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Noel Watson, Chief Financial Officer, LegalZoom.com, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Nicole Miller, General Counsel, LegalZoom.com, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Jodie Bourdet, Cooley LLP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Jonie
Ing Kondracki, Cooley LLP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Richard A. Kline, Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Adam J. Gelardi, Latham&nbsp;&amp; Watkins LLP </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Cooley LLP 1333 2nd
Street Suite 400 Santa Monica, CA 90401 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">t: +1 310 883 6400 f: +1 310 883 6500 cooley.com </P>

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