-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BmWGB/vFZZJK7r/rvLTeqP2Y3NGooJPA+xFYw0fYGJtSOuU/JbjkHMP/ZkfWwKh7
 NtGUlR2wpfWxfmHbgWwKaA==

<SEC-DOCUMENT>0000899681-05-000761.txt : 20051214
<SEC-HEADER>0000899681-05-000761.hdr.sgml : 20051214
<ACCEPTANCE-DATETIME>20051214104157
ACCESSION NUMBER:		0000899681-05-000761
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20051229
FILED AS OF DATE:		20051214
DATE AS OF CHANGE:		20051214
EFFECTIVENESS DATE:		20051214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYSTEMAX INC
		CENTRAL INDEX KEY:			0000945114
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		IRS NUMBER:				113262067
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13792
		FILM NUMBER:		051262797

	BUSINESS ADDRESS:	
		STREET 1:		22 HARBOR PARK DR
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050
		BUSINESS PHONE:		5166087000

	MAIL ADDRESS:	
		STREET 1:		22 HARBOR PARK DRIVE
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GLOBAL DIRECTMAIL CORP
		DATE OF NAME CHANGE:	19950509
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>systemax-def14a_121305.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>DEF-14A</TITLE>
</HEAD>
<BODY>

<P ALIGN=CENTER><FONT SIZE=3><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C.  20549</B><BR>
<BR>
<B>SCHEDULE 14A</B><BR>
(Rule 14a-101)<BR>
<BR>
<B>INFORMATION REQUIRED IN PROXY STATEMENT<BR>
<BR>
SCHEDULE 14A INFORMATION<BR>
<BR>
Proxy Statement Pursuant to Section 14(a) of the Securities<BR>
Exchange Act of 1934</B></FONT></P>
<BR>

<P><FONT SIZE=3>Filed by the Registrant [X]<BR>
Filed by a Party other than the Registrant [&nbsp;&nbsp;&nbsp;]<BR>
<BR>
Check the appropriate box:</FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>[&nbsp;&nbsp;&nbsp;]<BR>
[&nbsp;&nbsp;&nbsp;]<BR>
[X]<BR>
[&nbsp;&nbsp;&nbsp;]<BR>
[&nbsp;&nbsp;&nbsp;]</TD>
<TD WIDTH=2% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=93% ALIGN=LEFT>Preliminary Proxy Statement<BR>
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))<BR>
Definitive Proxy Statement<BR>
Definitive Additional Materials<BR>
Soliciting Material Pursuant to &sect;240.14a-11(c)or &sect;240.14a-12</TD>
</TR>
</TABLE>
<BR>

<DIV ALIGN=CENTER><FONT SIZE=3><B>SYSTEMAX INC.</B></FONT></DIV>
<HR SIZE=1>
<DIV ALIGN=CENTER><FONT SIZE=3>Name of Registrant as Specified in Its Charter)</FONT></DIV>
<BR>
<BR>

<HR SIZE=1>
<DIV ALIGN=CENTER><FONT SIZE=3>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></DIV>

<P><FONT SIZE=3>Payment of Filing Fee (Check the appropriate box):</FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>[X]<BR>
[&nbsp;&nbsp;&nbsp;]</TD>
<TD WIDTH=95% ALIGN=LEFT>No fee required<BR>
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=5% ALIGN=LEFT>(1)<BR>
(2)<BR>
(3)<BR>
<BR>
<BR>
(4)<BR>
(5)<BR></TD>
<TD WIDTH=90% ALIGN=LEFT>Title of each class of securities to which transaction applies:_________________________<BR>
Aggregate number of securities to which transaction applies:________________________<BR>
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):___________________________________<BR>
_____________________________________________________________________________________<BR>
Proposed maximum aggregate value of transaction:_______________________________<BR>
Total fee paid:___________________________________________________________</TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>[&nbsp;&nbsp;&nbsp;]<BR>
[&nbsp;&nbsp;&nbsp;]</TD>
<TD WIDTH=95% ALIGN=LEFT>Fee previously paid with preliminary materials.<BR>
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. </TD>
</TR>
</TABLE>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=5% ALIGN=LEFT>(1)<BR>
(2)<BR>
(3)<BR>
(4)</TD>
<TD WIDTH=90% ALIGN=LEFT>Amount Previously Paid:_______________________<BR>
Form, Schedule or Registration Statement No.:__________________________<BR>
Filing Party:_________________________________<BR>
Date Filed:__________________________________ </TD>
</TR>
</TABLE>
<BR>

<PAGE>


<P ALIGN=CENTER><FONT SIZE=3><B>Systemax Inc.<BR>
11 Harbor Park Drive<BR>
Port Washington, New York 11050</B></FONT></P>

<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=CENTER>

<P ALIGN=CENTER><FONT SIZE=3><B>NOTICE OF ADJOURNED ANNUAL MEETING OF STOCKHOLDERS<BR>
To Be Held on December 29, 2005</B></FONT></P>

<P><FONT SIZE=3>Dear Stockholders:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
2005 Annual Meeting of the Stockholders of Systemax Inc. (the "Company"),
previously scheduled for May 24, 2005, was rescheduled and will now be held at
the offices of the Company, 11 Harbor Park Drive, Port Washington, New York, on
Thursday, December 29, 2005 at 2:00 p.m. for the following purposes, as more
fully described in the accompanying Proxy Statement: </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT></TD>
<TD WIDTH=5%>1.</TD>
<TD WIDTH=90%>To elect the Company's Board of Directors.</TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT></TD>
<TD WIDTH=5%>2.</TD>
<TD WIDTH=90%>To consider and vote upon a proposal to approve the Restricted
Stock Unit Agreement between the Company and Gilbert Fiorentino.</TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT></TD>
<TD WIDTH=5%>3.</TD>
<TD WIDTH=90%>To consider and vote upon a proposal to approve the Company's 2005
Employee Stock Purchase Plan.</TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT></TD>
<TD WIDTH=5%>4.</TD>
<TD WIDTH=90%>To transact such other business as may properly come before the
meeting and any and all adjournments or postponements thereof.</TD>
</TR>
</TABLE>
<BR>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors has fixed the close of business on December 8, 2005 as the
record date for the determination of the stockholders entitled to notice of and
to vote at the meeting and at any adjournment or postponement thereof.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Stockholders are invited to attend the meeting. Whether or not you expect to
attend, WE URGE YOU TO SIGN, DATE AND PROMPTLY RETURN THE ENCLOSED PROXY CARD IN
THE ENCLOSED POSTAGE PREPAID ENVELOPE. If you attend the meeting, you may vote
your shares in person, which will revoke any previously executed proxy.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
your shares are held of record by a broker, bank or other nominee and you wish
to attend the meeting, you must obtain a letter from the broker, bank or other
nominee confirming your beneficial ownership of the shares and bring it to the
meeting. In order to vote your shares at the meeting, you must obtain from the
record holder a proxy issued in your name. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Regardless of how many shares you own, your vote is very important. Please SIGN,
DATE AND RETURN THE ENCLOSED PROXY CARD TODAY. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>Sincerely,<BR>
<BR>
<BR>
CURT S. RUSH,<BR>
<I>General Counsel and Secretary</I></TD>
</TR>
</TABLE>
<BR>

<P><FONT SIZE=3>Port Washington, New York<BR>
December 13, 2005</FONT></P>

<PAGE>


<P ALIGN=CENTER><FONT SIZE=3><B>Systemax Inc.<BR>
11 Harbor Park Drive</B><BR>
Port Washington, New York 11050</FONT></P>

<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=CENTER>

<P ALIGN=CENTER><FONT SIZE=3><B>PROXY STATEMENT</B></FONT></P>

<HR SIZE=1 NOSHADE WIDTH=15% ALIGN=CENTER>

<P ALIGN=LEFT><FONT SIZE=3><B>Introduction</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
proxy statement is furnished in connection with the solicitation of proxies on
behalf of the Board of Directors of Systemax Inc., a Delaware corporation (the
&quot;Company&quot;), for the 2005 Annual Meeting of Stockholders of the Company
on December 29, 2005. It replaces the proxy statement previously distributed
under cover of a notice dated May 2, 2005. The Notice of Annual Meeting, this
proxy statement and the accompanying proxy are first being mailed on or about
December 13, 2005 to stockholders of record as of the close of business on
December 8, 2005. You can ensure that your shares are voted at the meeting by
signing, dating and promptly returning the enclosed proxy in the envelope
provided. Sending in a signed proxy will not affect your right to attend the
meeting and vote in person. You may revoke your proxy at any time before it is
voted by notifying the Company's Transfer Agent, American Stock Transfer &amp;
Trust Company, 59 Maiden Lane, New York, NY 10038 Attention: Proxy Department,
in writing, or by executing a subsequent proxy, which revokes your previously
executed proxy. The Company's principal executive offices are located at 11
Harbor Park Drive, Port Washington, New York 11050. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Voting of Proxies</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Proxies will be voted as specified by the stockholders. Where specific choices
are not indicated, proxies will be voted for proposals 1, 2 and 3. Under the
Delaware General Corporation Law and the Company's Amended and Restated
Certificate of Incorporation and the Company's By-Laws, (1) the affirmative vote
of a plurality of the outstanding shares of Common Stock entitled to vote and
present, in person or by properly executed proxy, at a meeting at which a quorum
is present will be required to elect the nominated Directors (Proposal 1) and
(2) the affirmative vote of the holders of at least a majority of the shares of
Common Stock entitled to vote and present, in person or by properly executed
proxy, at a meeting at which a quorum is present will be required in order to
(a) approve the Restricted Stock Agreement, dated October 12, 2004, between the
Company and Gilbert Fiorentino (Proposal 2) and (b) approve the Company's 2005
Employee Stock Purchase Plan (Proposal 3). </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
quorum is representation in person or by proxy at the Annual Meeting of at least
a majority of the outstanding shares of common stock of the Company. Abstentions
will be treated as votes cast on particular matters as well as shares present
and represented for purposes of establishing a quorum, with the result that an
abstention has the same effect as a negative vote. Where nominee record holders
do not vote on specific issues because they did not receive specific
instructions on such issues from the beneficial owners, such broker non-votes
will not be treated as votes cast on a particular matter, and will therefore
have no effect on the vote, but will be treated as shares present or represented
for purposes of establishing a quorum. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
shares are held through a broker, nominee, fiduciary or other custodian, you
must provide voting instructions to the record holder in accordance with the
record holder's requirements in order to ensure the shares are properly voted.
Under the rules of the New York Stock Exchange, member brokers who do not
receive instructions from beneficial owners will be allowed to vote on the
election of Directors but not on the proposed approval of the Restricted Stock
Agreement and the 2005 Employee Stock Purchase Plan. If you want your shares to
be voted on these issues, you must instruct your broker if your shares are held
in street name. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
list of stockholders of the Company satisfying the requirements of Section 219
of the Delaware General Corporation Law shall be available for inspection for
any purpose germane to the meeting during normal business hours at the offices
of the Company at least ten days prior to the Annual Meeting. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 8, 2005, there were outstanding and entitled to vote 34,713,882 shares
of common stock of the Company entitled to one vote per share. Stockholders will
not be entitled to appraisal rights in connection with any of the matters to be
voted on at the Annual Meeting. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>1. Election of Directors</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the meeting, seven Directors are to be elected to serve until their successors
have been elected and qualified. Information regarding such nominees is set
forth below. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
accompanying proxy will be voted for the election of the Board's nominees unless
contrary instructions are given. If any Board nominee is unable to serve, which
is not anticipated, the persons named as proxies intend to vote for the other
Board nominees and, unless the number of nominees is reduced by the Board of
Directors, for such other person or persons as the Board of Directors may
designate. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the nominees has served as a director during the fiscal year ended December
31, 2004. If voting by proxy with respect to the election of directors,
stockholders may vote in favor of all nominees, withhold their votes as to all
nominees or withhold their votes for specific nominees. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Nominees</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Richard Leeds has served as Chairman and Chief Executive Officer of the Company
since April 1995. From April 1995 to February 1996 Mr. Leeds also served as
Chief Financial Officer of the Company. Mr. Leeds joined the Company in 1982 and
since 1984 has served in various executive capacities. Mr. Leeds graduated from
New York University in 1982 with a B.S. in Finance. Richard Leeds is the brother
of Bruce and Robert Leeds.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Bruce Leeds has served as Vice Chairman since April 1995. Mr. Leeds served as
President of International Operations from 1990 until March 2005. Mr. Leeds
joined the Company after graduating from Tufts University in 1977 with a B.A. in
Economics and since 1982 has served in various executive capacities.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Robert Leeds has served as Vice Chairman since April 1995. Mr. Leeds served as
President of Domestic Operations from April 1995 until March 2005. Since 1982
Mr. Leeds has served in various executive capacities with the Company. Mr. Leeds
graduated from Tufts University in 1977 with a B.S. in Computer Applications
Engineering and joined the Company in the same year.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Gilbert Fiorentino has served as a Director of the Company since May 25, 2004.
Mr. Fiorentino is President and Chief Executive Officer of Tiger Direct Inc., a
company he founded in 1988. Tiger Direct became a wholly owned subsidiary of the
Company in 1996. Mr. Fiorentino graduated with honors in 1981 from the
University of Miami with a BS degree in Economics and graduated in 1984 from the
University of Miami Law School. He was an adjunct professor of Business Law at
the University of Miami from 1985 through 1994.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Robert D. Rosenthal has served as a Director of the Company since July 1995. Mr.
Rosenthal is Chairman and Chief Executive Officer of First Long Island
Investors, Inc., which he co-founded in 1983. From July 1971 until September
1983, Mr. Rosenthal held increasingly responsible positions at Entenmann's Inc.,
eventually becoming Executive Vice President and Chief Operating Officer. Mr.
Rosenthal is a 1971 cum laude graduate of Boston University and a 1974 graduate
of Hofstra University Law School.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Stacy S. Dick has served as a Director of the Company since November 1995. Mr.
Dick became Managing Director of Rothschild Inc. in January 2004 and, since
March 2001, has also served as Chief Executive Officer of Continuation
Investments NV, another entity controlled by Rothschild family interests. From
August 1998 to March 2001 Mr. Dick was a principal of Evercore Partners, an
investment banking firm. From 1992 until July 1998 Mr. Dick held increasingly
responsible positions at Tenneco Inc., eventually becoming Executive Vice
President of Tenneco Inc. Prior to joining Tenneco Inc. he was a Managing
Director of The First Boston Corporation, a position he held beginning in 1989.
Mr. Dick graduated from Harvard University with an AB degree magna cum laude in
1978 and received a Ph.D. in Business Economics from Harvard in 1983.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Ann R. Leven has served as a Director of the Company since May 2001. Ms. Leven
served as Treasurer and Chief Fiscal Officer of the National Gallery of Art in
Washington D.C. from December 1990 to October 1999. From August 1984 to December
1990 she was Chief Financial Officer of the Smithsonian Institution. Ms. Leven
has been a Director of the Delaware Investment's Family of Mutual Funds since
September 1989. From December 1999 to May 2003 Ms. Leven was a Director of
Recoton Corporation. From 1975 to 1993 Ms. Leven taught business strategy and
administration at the Columbia University Graduate School of Business. She
received an M.B.A. degree from Harvard University in 1964.</FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A
VOTE FOR THE ELECTION OF ALL THE DIRECTOR NOMINEES, WHICH IS DESIGNATEDAS
PROPOSAL NO. 1 ON THE ENCLOSED PROXY CARD.</B></FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Independence of Directors</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the judgment of the Board of Directors, each of the following Directors of the
Company meets the standards for independence required by the New York Stock
Exchange and the Securities Exchange Act of 1934: Robert D. Rosenthal, Stacy S.
Dick and Ann R. Leven. The Board made this determination based on (a) the
absence of any of the express disqualifying criteria relating to director
independence set forth in Section 303A of the Corporate Governance Rules of the
New York Stock Exchange and (b) the criteria for independence required of audit
committee directors by Section 10A(m)(3) of Securities Exchange Act of 1934. As
a "controlled company", the Company is exempt from the New York Stock Exchange
requirements (a) that listed companies have a majority of independent directors,
and (b) that the members of the Compensation and Nominating/Corporate Governance
Committees of listed companies be composed entirely of independent directors. A
"controlled company" is defined by the New York Stock Exchange as a company of
which more than 50% of the voting power is held by an individual, group or other
company. The Company is a "controlled company" in that more than 50% of the
voting stock of the Company, in the aggregate, is owned by certain members of
the Leeds family (including Richard Leeds, Robert Leeds and Bruce Leeds, each of
whom is an officer and Director of the Company) and certain Leeds' family trusts
(collectively, the "Leeds Group"). The Leeds Group has entered into a
Stockholders Agreement with respect to certain shares of Company stock it owns.
See "Certain Relationships and Related Transactions" below. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Corporate Ethics Policy</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has adopted a Corporate Ethics Policy (revised as of March 30, 2005)
that applies to all employees of the Company including the Company's Chief
Executive Officer, Chief Financial Officer and Controller, its principal
accounting officer. The Corporate Ethics Policy is designed to deter wrongdoing
and to promote honest and ethical conduct, compliance with applicable laws and
regulations, full and accurate disclosure of information requiring public
disclosure and the prompt reporting of Policy violations. The Company's
Corporate Ethics Policy (as amended), annexed as an exhibit to the Company's
report on Form 8-K dated March 30, 2005, is available on the Company's website
<U>(www.systemax.com)</U> and can be obtained by writing to Systemax Inc.,
Attention: Board of Directors (Corporate Governance), 11 Harbor Park Drive, Port
Washington, NY 11050. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Stockholder Communications with Directors</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Stockholders of the Company who wish to communicate with the Board or any
individual Director can write to Systemax Inc., Attention: Investor Relations,
11 Harbor Park Drive, Port Washington, NY 11050</B>. Your letter should indicate
that you are a stockholder of the Company. Depending on the subject matter of
your inquiry, management will forward the communication to the Director or
Directors to whom it is addressed; attempt to handle the inquiry directly, as
might be the case if you request information about the Company or it is a
stockholder related matter; or not forward the communication if it is primarily
commercial in nature or if it relates to an improper or irrelevant topic.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
each Board meeting, a member of management presents a summary of all
communications received since the last meeting that were not forwarded and make
those communications available to any requesting Director. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Director Attendance at Annual Meetings</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company expects each Director to attend its Annual Stockholders Meeting, unless
he or she has a valid excuse such as illness or a conflict in schedules. The
Company usually schedules a separate Board meeting in conjunction with the
Stockholders meeting, to elect officers and discuss other Company matters. Last
year all of the Directors attended the Annual Stockholders Meeting. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Board Meetings</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During the year 2004 the Board of Directors held four meetings, the Audit
Committee held ten meetings, the Compensation Committee held two meetings, the
Nominating/Corporate Governance Committee held one meeting and the Executive
Committee held one meeting. All of the Directors attended at least 75% of all of
the meetings of the Board and the respective committees of the Board of which
they were members. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Committees of the Board</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors has the following standing committees: </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><I>Audit Committee</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Audit Committee is appointed by the Board of Directors to assist the Board with
oversight of (i) the integrity of the financial statements of the Company, (ii)
the Company's compliance with legal and regulatory requirements, (iii) the
independence and qualifications of the Company's external auditors, and (iv) the
performance of the Company's internal audit function and external auditors. It
is the Audit Committee's responsibility to retain or terminate the external
auditors and to prepare the Audit Committee report that the Securities and
Exchange Commission requires to be included in the Company's Annual Proxy
Statement. (See "Report of the Audit Committee" below.) As part of its
activities, the Audit Committee meets with the Company's external auditors at
least annually to review the scope and results of the annual audit and quarterly
to discuss the review of the quarterly financial results. In addition, the Audit
Committee receives and considers the external auditors' comments and
recommendations as to internal controls, accounting staff, management
performance and auditing procedures. The Audit Committee is also responsible for
establishing procedures for (i) the receipt, retention and treatment of
complaints received by the Company regarding accounting, internal accounting
controls and auditing matters and (ii) the confidential, anonymous submission by
employees of the Company of concerns regarding questionable accounting or
auditing matters. The Board of Directors adopted an Audit Committee Charter in
June 2000 and a Revised Audit Committee Charter in February 2003. The rules of
the Securities and Exchange Commission require that the Company attach a copy of
such charter to the proxy statement at least once every three years. A copy of
the Revised Audit Committee Charter was annexed to the Company's Proxy Statement
for the 2003 Annual Meeting of Stockholders and is available on the Company's
website, <U>www.systemax.com</U>. The members of the Committee are Stacy S.
Dick, Robert D. Rosenthal and Ann R. Leven. Mr. Dick is the current Chairman of
the Committee. All the members of the Audit Committee are non-management
directors (i.e. they are neither officers nor employees of the Company). The
Committee meets regularly both with and without management participation. <B>In
the judgment of the Board of Directors, each of the members of the Audit
Committee meets the standards for independence required by the rules of the
Securities and Exchange Commission and New York Stock Exchange. In addition, the
Board of Directors has determined that each of the members of the Audit
Committee is an "audit committee financial expert" as defined by regulations of
the Securities and Exchange Commission.</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Interested parties who wish to communicate directly with the Chairman of the
Audit Committee or the Audit Committee as a group can write to Systemax Inc.,
Attention: Audit Committee, 11 Harbor Park Drive, Port Washington, NY 11050.</B>
</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><I>Nominating/Corporate Governance Committee</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
February 2003, the Board of Directors formed a Nominating/Corporate Governance
Committee. The responsibilities of the committee include, among other things (i)
identifying individuals qualified to become Board members and recommending to
the Board nominees to stand for election at any meeting of stockholders, (ii)
identifying and recommending nominees to fill any vacancy, however created, in
the Board, (iii) developing and recommending to the Board a code of business
conduct and ethics and a set of corporate governance principles (including
director qualification standards, responsibilities and compensation) and
periodically reviewing the code and principles. The members of the
Nominating/Corporate Governance Committee are Messrs. Richard Leeds (Chairman),
Rosenthal and Dick and Ms. Leven. In nominating candidates to become Board
members, the Committee shall take into consideration such factors as it deems
appropriate, including the experience, skill, integrity and background of the
candidates. The Committee may consider candidates proposed by management or
stockholders but is not required to do so. The Committee does not have any
formal policy with regard to the consideration of any Director candidates
recommended by the security holders or any minimum qualifications or specific
procedure for identifying and evaluating nominees for Director as the Board does
not believe that such a formalistic approach is necessary or appropriate at this
time. Stockholders and other Company security holders may propose candidates for
Board membership by writing to Systemax Inc., Attention: Nominating/Corporate
Governance Committee, 11 Harbor Park Drive, Port Washington, NY 11050 so that
the nomination is received by the Company by March 31, 2005 to be considered for
the 2006 Annual Meeting. The Charter for the Nominating/Corporate Governance
Committee is available on the Company's website (<U>www.systemax.com)</U> or can
be obtained by writing to Systemax Inc., Attention: Board of Directors
(Corporate Governance), 11 Harbor Park Drive, Port Washington, NY 11050.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><I>Compensation Committee</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Compensation Committee's responsibility is to review and approve corporate goals
relevant to the compensation of the Chief Executive Officer and, after an
evaluation of the Chief Executive Officer's performance in light of such goals,
to set the compensation of the Chief Executive Officer. The Compensation
Committee also approves (a) the annual compensation of the other executive
officers of the Company, (b) the annual compensation of certain subsidiary
managers, and (c) all individual stock-based incentive grants. Stock incentive
grants to persons subject to Section 16 of the Securities Exchange Act
(primarily executive officers, Directors and 10% stockholders) must also be
approved by a subcommittee consisting solely of two or more non-employee
Directors or the full Board of Directors. The Committee is also responsible for
reviewing and making periodic recommendations to the Board with respect to the
general compensation, benefits and perquisite policies and practices of the
Company including the Company's incentive-based and equity-based compensation
plans. The Compensation Committee also prepares an annual report on executive
compensation for inclusion in the Annual Proxy Statement. (See "Compensation
Committee Report to Stockholder" below.) The charter for the Compensation
Committee is available on the Company's website (<U>www.systemax.com)</U> or can
be obtained by writing to Systemax Inc., Attention: Board of Directors
(Corporate Governance), 11 Harbor Park Drive, Port Washington, NY 11050. The
members of the Compensation Committee are Messrs. Robert Leeds (Chairman),
Rosenthal and Dick. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><I>Executive Committee</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors formed an Executive Committee on March 2, 2004 consisting of
the Chairman of the Board and any Vice Chairman and such other directors as may
be named thereto by the Board of Directors. The current members of the Executive
Committee are Messrs. Richard Leeds, Robert Leeds and Bruce Leeds. Among other
duties (as may be assigned by the Board from time to time), the Executive
Committee is authorized to oversee the operations of the Company, supervise the
executive officers of the Company, review and make recommendations to the Board
of Directors regarding the strategic direction of the Company and review and
make recommendations to the Board of Directors regarding all possible
acquisitions or other significant business transactions. It is also authorized
to manage the affairs of the Corporation between meetings of the Board of
Directors and the Committee has all of the powers of the Board of Directors not
inconsistent with any provisions of the Delaware General Corporation Law, the
Company's By-Laws or other resolutions adopted by the Board but does not
generally exercise such authority. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Compensation of Directors</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's policy is not to pay compensation to Directors who are also employees
of the Company. Each non-employee Director is currently paid a fee of $25,000
per year and $2,000 for each meeting of the Board of Directors and each
committee meeting in which the Director participates. In addition, the Chairman
of the Audit Committee of the Board receives an additional $5,000 per year. The
non-employee Directors of the Company also currently receive, annually, an
option to purchase 2,000 shares of Common Stock pursuant to the Company's 1995
Stock Option Plan for Non-Employee Directors. During 2004, Mr. Dick, Mr.
Rosenthal and Ms. Leven each received options to purchase 2,000 shares of Common
Stock pursuant to this plan. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3>REPORT OF THE AUDIT COMMITTEE *</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Audit Committee of the Board of Directors of the Company operates under its
charter, which was originally adopted by the Board of Directors in 2000 and
revised in February 2003. Management is responsible for the Company's internal
accounting and financial controls, the financial reporting process, the internal
audit function and compliance with the Company's policies and legal
requirements. The Company's independent auditors are responsible for performing
an independent audit of the Company's consolidated financial statements in
accordance with generally accepted auditing standards and for issuance of a
report thereon; they also perform limited reviews of the Company's unaudited
quarterly financial statements. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Audit Committee's responsibility is to engage the independent auditors, monitor
and oversee these accounting, financial and audit processes and report its
findings to the full board. It also investigates matters related to the
Company's financial statements and controls as it deems appropriate. In the
performance of their oversight functions, the members of the Audit Committee
rely upon the information, opinions, reports and statements presented to them by
Company management and by the independent auditors, as well as by other experts
that the Committee hires. The Committee is currently in the process of reviewing
accountants to replace Deloitte &amp; Touche LLP as the Company's independent
auditors, which resigned in November 2005. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Committee reviewed and discussed the audited financial statements of the Company
for the year ended December 31, 2004 with representatives of management, in both
their original and amended forms, who represented that the Company's
consolidated financial statements for fiscal 2004 were prepared in accordance
with generally accepted accounting principles. It also discussed with Deloitte
&amp; Touche LLP, the Company's independent registered public accountants for
fiscal 2004, those matters required to be reviewed pursuant to Statement of
Accounting Standards No. 61 (&quot;Communication with Audit Committees&quot;).
The Committee has also received from Deloitte &amp; Touche LLP written
independence disclosures and the letter required by Independence Standards Board
Standard No. 1 (&quot;Independence Discussions with Audit Committees&quot;) and
had a discussion with them regarding their independence. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Based on the review of the representations of management, the discussions with
management and the independent accountants and the review of the report of the
independent accountants to the Committee, the Audit Committee recommended to the
Board of Directors that the financial statements of the Company for the year
ended December 31, 2004 as audited by Deloitte &amp; Touche LLP be included in
the Company's Annual Report on Form 10-K, as amended by Form 10-K/A (amendment
no. 1) filed with the Securities and Exchange Commission. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>AUDIT COMMITTEE<BR>
<BR>
Stacy S. Dick<BR>
Robert D. Rosenthal<BR>
Ann R. Leven</TD>
</TR>
</TABLE>
<BR>


<P>__________</P>

<PAGE>

<P><FONT SIZE=3>* This section shall not be deemed incorporated by reference by
any general statement incorporating by reference this Proxy Statement into any
filing under the Securities Act of 1933 or under the Securities Exchange Act of
1934, except to the extent the Company specifically incorporates this
information by reference, and shall not otherwise be deemed &quot;soliciting
material&quot; or filed under such Acts. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Executive Officers</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth certain information with respect to the executive
officers of the Company as of December 8, 2005. </FONT></P>

<PRE>
       Name                      Age          Office
       ----                      ---          ------

       Richard Leeds              45          Chairman and Chief Executive Officer; Director

       Bruce Leeds                50          Vice Chairman; Director

       Robert Leeds               50          Vice Chairman; Director

       Steven M. Goldschein       59          Senior Vice President and Chief Financial Officer

       Gilbert Fiorentino         45          President and Chief Executive Officer of Tiger
                                              Direct, Inc.; Director

       Michael J. Speiller        51          Vice President and Controller

       Curt S. Rush               51          General Counsel and Secretary
</PRE>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For information on Richard Leeds, Bruce Leeds, Robert Leeds and Gilbert
Fiorentino see page 2. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Steven M. Goldschein joined the Company in December 1997 and was appointed
Senior Vice President and Chief Financial Officer of the Company in January
1998. From 1982 through December 1997 Mr. Goldschein was Vice
President-Administration and Chief Financial Officer of Lambda Electronics Inc.
From 1980 through 1982 he was that company's Corporate Controller. Mr.
Goldschein is a 1968 graduate of Michigan State University and a Certified
Public Accountant in New York. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Michael J. Speiller has been Vice President and Controller since October 1998.
From December 1997 through September 1998 Mr. Speiller was Vice President and
Chief Financial Officer of Lambda Electronics Inc. From 1982 through 1997 he was
Vice President and Controller of Lambda Electronics Inc. From 1980 through 1982
he was a divisional controller for that company. Prior to that he was an auditor
with the accounting firm of Ernst &amp; Young. Mr. Speiller graduated in 1976
with a B.S. degree in Public Accounting from the State University of New York at
Albany and is a Certified Public Accountant in New York. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Curt
S. Rush has been General Counsel to the Company since September 1996 and was
appointed Secretary of the Company in October 1996. Prior to joining the
Company, Mr. Rush was employed from 1993 to 1996 as Corporate Counsel to Globe
Communications Corp. and from 1990 to 1993 as Corporate Counsel to the Image
Bank, Inc. Mr. Rush graduated from Hunter College in 1981 with a B.A. degree in
Philosophy and graduated <I>cum laude</I> from Brooklyn Law School in 1984 where
he was editor of the Law Review. He was admitted to the Bar of the State of New
York in 1985. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Stock Ownership of Certain Beneficial Owners and
Management</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides certain information regarding the beneficial
ownership<SUP>(1)</SUP> of the Company's Common Stock as of December 8, 2005 by
(i)&#160;each of the Company's Directors and officers listed in the summary
compensation table, (ii)&#160;all current Directors and executive officers as a
group and (iii)&#160;each person known to the Company to be the beneficial owner
of 5% or more of any class of the Company's voting securities.
</FONT></P>

<PRE>

<B>
                                                   Amount and Nature of
       Director and Executive Officers             Beneficial Ownership       Percent of Class
       -------------------------------             --------------------       ----------------</B>
       Richard Leeds<SUP>(2)</SUP>                                   10,503,236               30. 3%

       Bruce Leeds<SUP>(3)</SUP>                                     15,320,096               44.1%

       Robert Leeds<SUP>(4)</SUP>                                     2,010,212                5.8%

       Gilbert Fiorentino<SUP>(5)</SUP>                                 235,000                0.7%

       Stacy S. Dick<SUP>(6)</SUP>                                       12,500                 *

       Robert D. Rosenthal<SUP>(7)</SUP>                                 37,000                 *

       Ann R. Leven<SUP>(8)</SUP>                                         7,000                 *

       Steven M. Goldschein<SUP>(9)</SUP>                               142,667                 *

       All current  Directors and executive  officers
       of the Company (10 persons)                        25,057,494                72.2%

       __________________________
       * less than 1%
</PRE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(1)</TD>
<TD WIDTH=95%>As used in this table "beneficial ownership" means the sole or
shared power to vote or direct the voting or to dispose or direct the
disposition of any security. A person is deemed as of any date to have
"beneficial ownership" of any security that such person has a right to acquire
within 60 days after such date. Any security that any person named above has the
right to acquire within 60 days is deemed to be outstanding for purposes of
calculating the ownership percentage of such person, but is not deemed to be
outstanding for purposes of calculating the ownership percentage of any other
person. Unless otherwise stated, each person owns the reported shares directly
and has the sole right to vote and determine whether to dispose of such shares.
</TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(2)</TD>
<TD WIDTH=95%>Includes 1,838,583 shares owned by a limited partnership of which
Richard Leeds is the general partner. Also includes 1,515,412 shares owned by
irrevocable trusts for the benefit of his brothers' children for which Richard
Leeds acts as co-trustee and 494,800 shares owned by a limited partnership in
which Richard Leeds has an indirect pecuniary interest.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(3)</TD>
<TD WIDTH=95%>Includes 6,654,943 shares owned by an irrevocable trust for the
benefit of Robert Leeds for which Bruce Leeds acts as trustee. Also includes
1,515,412 shares owned by irrevocable trusts for the benefit of his brothers'
children for which Bruce Leeds acts as co-trustee and 494,800 shares owned by a
limited partnership in which Bruce Leeds has an indirect pecuniary interest.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(4)</TD>
<TD WIDTH=95%>Includes 1,515,412 shares owned by irrevocable trusts for the
benefit of his brothers' children for which Robert Leeds acts as co-trustee and
494,800 shares owned by a limited partnership in which Robert Leeds has an
indirect pecuniary interest.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(5)</TD>
<TD WIDTH=95%>Includes options to acquire 235,000 shares that are currently
exercisable pursuant to the terms of the Company's 1995 and 1999 Long-Term Stock
Incentive Plans. Does not include 200,000 restricted stock units that vested on
May 31, 2005 awarded pursuant to an agreement with the Company since the shares
(including voting and disposition rights) represented by the restricted stock
units cannot be acquired until a Distribution Event (as defined in the
agreement).</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(6)</TD>
<TD WIDTH=95%>Includes options to acquire a total of 12,500 shares that are
exercisable immediately pursuant to the terms of the Company's 1995 Stock Plan
for Non-Employee Directors.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(7)</TD>
<TD WIDTH=95%>Includes options to acquire a total of 23,000 shares that are
exercisable immediately pursuant to the terms of the Company's 1995 Stock Plan
for Non-Employee Directors.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(8)</TD>
<TD WIDTH=95%>Includes options to acquire a total of 6,000 shares that are
exercisable immediately pursuant to the terms of the Company's 1995 Stock Plan
for Non-Employee Directors.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(9)</TD>
<TD WIDTH=95%>Includes options to acquire 141,667 shares that are currently
exercisable pursuant to the terms of the Company's 1995 and 1999 Long-Term Stock
Incentive Plans.</TD>
</TR>
</TABLE>
<BR>

<P ALIGN=LEFT><FONT SIZE=3><B>Section 16(a) Beneficial Ownership Reporting
Compliance</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 16(a) of the Securities Exchange Act of 1934 requires the Company's
officers and Directors and persons who own more than ten percent of a registered
class of the Company's equity securities to file reports of ownership and
changes in ownership with the Securities and Exchange Commission ("SEC").
Officers, Directors and ten-percent stockholders are required by SEC regulation
to furnish the Company with copies of all Section 16(a) forms they file. Based
solely on its review of the copies of Section 16(a) forms received by it, or
written representations from certain reporting persons, the Company believes
that all such filing requirements for the year ended December 31, 2004 were
complied with. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Certain Relationships and Related
Transactions</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Leases</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company currently leases its facility in Port Washington, NY from Addwin Realty
Associates, an entity owned by Richard Leeds, Bruce Leeds and Robert Leeds,
Directors of the Company and the Company's three senior executive officers and
principal stockholders. Rent expense under this lease totaled $612,000 for the
year ended December 31, 2004. The Company believes that these payments were no
higher than would be paid to an unrelated lessor for comparable space.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Stockholders Agreement</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Certain members of the Leeds family (including Richard Leeds, Bruce Leeds and
Robert Leeds) and Leeds' family trusts entered into a Stockholders Agreement
pursuant to which the parties to such agreement agreed to vote in favor of the
nominees of the Board of Directors designated by the holders of a majority of
shares of Common Stock held by such stockholders at the time of the Company's
initial public offering of Common Stock (the "Shares"). In addition, such
agreement prohibits the sale of the Shares without the consent of the holders of
a majority of the Shares held by all parties to such agreement, subject to
certain exceptions, including sales pursuant to an effective registration
statement and sales made in accordance with Rule 144. Such agreement also grants
certain drag-along rights in the event of the sale of all or a portion of the
Shares held by holders of a majority of the Shares. As of December 31, 2004, the
parties to the Stockholders Agreement beneficially owned 24,777,000 shares of
Common Stock subject to such agreement (constituting approximately 72% of the
Common Stock outstanding). </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the Stockholders Agreement, the Company granted to the then-existing
stockholders party to such agreement demand and incidental, or
&quot;piggy-back,&quot; registration rights with respect to the Shares. The
demand registration rights generally provide that the holders of a majority of
the Shares may require, subject to certain restrictions regarding timing and
number of Shares, that the Company register under the Securities Act all or part
of the Shares held by such stockholders. Pursuant to the incidental registration
rights, the Company is required to notify such stockholders of any proposed
registration of the Shares under the Securities Act and if requested by any such
stockholder to include in such registration any number of shares of Shares held
by it subject to certain restrictions. The Company has agreed to pay all
expenses and indemnify any selling stockholders against certain liabilities,
including under the Securities Act, in connection with registrations of Shares
pursuant to such agreement. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Related Business</I></B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Richard Leeds and Robert Leeds are minority owners of a wholesale business that
sells to certain mass merchant customers products, which, in some instances, are
similar to the type of products sold by the Company. In 2004 the Company sold
approximately $40,000 in merchandise to this business. The Company believes
these sales were made on an arms-length basis.</FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Compensation of Executive Officers</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth the compensation earned by the Chief Executive
Officer ("CEO") and the four most highly compensated executive officers other
than the CEO for the years ended December 31, 2002, 2003 and 2004. </FONT></P>

<PRE>
<FONT SIZE=1>
<B>
                                                Summary Compensation Table


                                                                                                         Long-term
                                                                     Annual Compensation                 Compensation
                                                           -----------------------------------------     -------------

                                                                                                         Securities
                                                                                       Other Annual      Underlying
         Name and Principal Position             Year            Salary    Bonus    Compensation (1)     Options (#)</B>
         ---------------------------             ----            ------    -----    ----------------     -----------

Richard Leeds                                    2004           $403,348   $250,000            $2,796       None
Chairman and Chief Executive Officer             2003            378,101     75,000             2,867       None
                                                 2002            367,500     75,000             2,720       None

Bruce Leeds                                      2004            403,348     -                  9,917       None
Vice Chairman and President of                   2003            378,101     75,000             2,398       None
 International Operations                        2002            367,500     75,000             2,377       None

Robert Leeds                                     2004            403,348     -                  2,328       None
Vice Chairman and President of                   2003            378,101     75,000             2,340       None
 Domestic Operations                             2002            367,500     75,000             2,340       None

Gilbert Fiorentino                               2004            400,000    250,000             8,050     166,667
President and CEO of                             2003            -           -                     -         -
 Tiger Direct, Inc. (2)                          2002            -           -                     -         -

Steven M. Goldschein                             2004            396,193     40,000             1,999       None
Senior Vice President and Chief                  2003            371,157     30,000             2,527      40,000
 Financial Officer                               2002            357,666     20,000             2,573      37,500
</FONT>
</PRE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(1)</TD>
<TD WIDTH=95%>Includes the Company's pension and profit sharing plan
contributions, automobile and gasoline allowance and excess life insurance
coverage over $50,000.</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>(2)</TD>
<TD WIDTH=95%>Mr. Fiorentino was not considered an executive officer of the
Company until 2004.</TD>
</TR>
</TABLE>
<BR>

<PRE>
<FONT SIZE=1>
<B>
                                         Option Grants in Last Fiscal Year

                                                  Individual Grants
                              ---------------------------------------------------------
                                               Percent of                                  Potential Realizable
                              Number of          Total                                           Value at
                             Securities         Options                                       Assumed Annual
                             Underlying        Granted to    Exercise or                      Rates of Stock
                               Options         Employees     Base Price    Expiration       Price Appreciation
                             Granted (#)       In Fiscal      ($/Share)       Date            For Option Term
           Name              ----------           Year       -----------   -----------        5%($)   10%($)
           ----                                                                               -----   ------</B>

  Richard Leeds                  --                --             --            --           --           --

  Bruce Leeds                    --                --             --            --           --           --

  Robert Leeds                   --                --             --            --           --           --

  Gilbert Fiorentino           166,667           21.4%          $5.65       10/11/2014    $592,000    $1,501,000

  Steven M.                      --                --             --            --            --          --

  Goldschein
</FONT>
</PRE>

<PRE>
<B>
                          Aggregated Option Exercises in Last Fiscal Year and
                                     Fiscal Year-End Option Values

                                                            Number of
                                                            Securities           Value of
                                                            Underlying          Unexercised
                                                           Unexercised         In-the-Money
                                Shares                      Options at          Options at
                               Acquired                 December 31, 2004    December 31, 2004
                                  on         Value       (#)Exercisable/       Exercisable/
   Name                      Exercise(#)   Realized($)    Unexercisable        Unexercisable</B>
   ----                      -----------   -----------  -----------------     --------------

   Richard Leeds                  -            -                -                    -

   Bruce Leeds                    -            -                -                    -

   Robert Leeds                   -            -                -                    -

   Gilbert Fiorentino             -            -          223,292/466,041    $430,000/$68,000

   Steven  M. Goldschein          -            -          118,958/36,042     $314,000/$51,000

</PRE>

<P ALIGN=LEFT><FONT SIZE=3><B>Compensation Committee Report to Stockholders</B>
<SUP>*</SUP></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Compensation Committee's responsibility is to review and approve corporate goals
relevant to the compensation of the Chief Executive Officer and, after an
evaluation of the Chief Executive Officer's performance in light of such goals,
to set the compensation of the Chief Executive Officer. The Compensation
Committee or a subcommittee thereof also approves (a) the annual compensation of
the other executive officers of the Company, (b) the annual compensation of
certain subsidiary managers, and (c) all individual stock incentive grants. The
Committee is also responsible for reviewing and making periodic recommendations
to the Board with respect to the general compensation, benefits and perquisite
policies and practices of the Company including the Company's incentive-based
and equity-based compensation plans. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
establishing compensation and benefit levels for executive officers, the
Committee seeks to (1) attract and retain individuals of superior ability and
managerial talent, (2) motivate executive officers to increase Company
performance primarily for the benefit of its stockholders but also for the
benefit of its customers and other constituencies and (3) reward executives for
superior individual contributions to the achievement of the Company's business
objectives. To these ends, the Company's executive compensation package may
consist of a base salary, annual cash bonus compensation and stock-based
long-term incentive awards. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Salary levels generally are determined based on the Committee's subjective
assessment of prevailing levels among the Company's competitors. At higher
levels, however, individual and Company performance will be given greater
weight, along with competitive considerations. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
establishing annual bonuses, the Committee considers such factors relating to
the Company's overall performance as it, in its discretion, deems appropriate
and assigns such weight to each such factor, as it deems appropriate. The
Committee may also consider its assessment of each individual's contribution to
the improvement of operating results, growth, profitability and efficient
operation of the Company. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Stock-based incentives, at the present time consisting of (a) stock options
granted at 100% or more of the stock's fair market value on the grant date
and/or (b) restricted stock units granted subject to certain performance
conditions, constitute the long-term portion of the Company's executive
compensation package. Stock options provide an incentive for executives to
increase the Company's stock price and, therefore, the return to the Company's
stockholders. The vesting of certain executive stock options may be accelerated
based upon the achievement of certain financial objectives by certain divisions
of the Company. The number and timing of stock option grants are decided by the
Committee based on its subjective assessment, with the advice of independent
consultants, of prevailing levels of similar compensation among the Company's
competitors. Stock option and restricted stock unit grants to officers and
Directors must be approved by the Board of Directors. The Compensation Committee
has also recommended the establishment of an employee stock purchase plan (the
terms of which are described elsewhere in this proxy statement) for which
stockholder approval is being sought. In addition, a subcommittee (composed
solely of non-employee members) of the Compensation Committee approved the
Restricted Stock Agreement between the Company and Gilbert Fiorentino (the terms
of which are described elsewhere in this proxy statement), for which stockholder
approval is also being sought. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>COMPENSATION COMMITTEE<BR>
<BR>
<BR>
Robert Leeds<BR>
Robert D. Rosenthal<BR>
Stacy S. Dick</TD>
</TR>
</TABLE>
<BR>


<P>_____________</P>

<P><FONT SIZE=3><SUP>*</SUP>This report shall not be deemed incorporated by
reference by any general statement incorporating by reference this proxy
statement into any filing under the Securities Act of 1933 or the Securities
Exchange Act of 1934, except to the extent that the Company specifically
incorporates this information by reference, and shall not otherwise be deemed
filed under such Acts. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Compensation Committee Interlocks and Insider
Participation</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
members of the Company's Compensation Committee for fiscal year 2004 were Robert
Leeds, Robert D. Rosenthal and Stacy S. Dick. Other than Robert Leeds, no member
of the Compensation Committee is employed by the Company. No Director of the
Company served during the last completed fiscal year as an executive officer of
any entity whose compensation committee (or other comparable committee, or the
Board, as appropriate) included an executive officer of the Company. There are
no "interlocks" as defined by the Securities and Exchange Commission.</FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Stock Price Performance Graph</B> <SUP>*</SUP></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
graph below compares cumulative total return of the Company, the S &amp; P 500
and the S &amp; P Retail Index for the period beginning December 31, 1999
through December 31, 2004. The stock price performance shown on the graph below
is not necessarily indicative of future price performance. The graph and chart
assumes that the value of the investment in the Company's Common Stock and for
each index was $100 on December 31, 1999 and reflects reinvestment of dividends
and market capitalization weighing. </FONT></P>


<IMG SRC="graph.jpg">


<P>_____________</P>

<P><FONT SIZE=3><SUP>*</SUP> This section shall not be deemed incorporated by
reference by any general statement incorporating by reference this proxy
statement into any filing under the Securities Act of 1933 or under the
Securities Exchange Act of 1934, except to the extent the Company specifically
incorporates this information by reference, and shall not otherwise be deemed
filed under such Acts. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Equity Compensation Plans</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth information, as of December 1, 2005, regarding the
Company's existing compensation plans and individual compensation arrangements
pursuant to which its equity securities are authorized for issuance to employees
and non-employees (such as Directors, consultants, advisors, vendors, customers,
suppliers or lenders) in exchange for consideration in the form of goods or
services. In addition, the Company is seeking stockholder approval for a stock
purchase plan that is not included in the following table: </FONT></P>

<PRE>
<FONT SIZE=1>
                                            (a)                          (b)                          (c)
                                                                                             Number of securities
                                                                                             remaining for future
                                Number of securities to be    Weighted-average exercise      issuance under equity
                                  issued upon exercise of       price of outstanding          compensation plans
                                   outstanding options,        options, warrants and         (excluding securities
        Plan category               warrants and rights                rights               reflected in column (a))
        -------------           ---------------------------   --------------------------    ------------------------

Equity compensation plans
   approved by security
   holders                               3,846,652                      $2.94                      2,223,798

Equity compensation plans not
   approved by security                         -                         -                             -
   holders                              -------------                                            -------------

Total                                    3,846,652                      $2.94                      2,223,798
                                         =========                                                 =========

</FONT>
</PRE>


<P><FONT SIZE=3><B>2. Proposal to Approve Restricted Stock Unit Agreement
between the Company and Gilbert Fiorentino</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October 12, 2004, following approval by a subcommittee of the Compensation
Committee composed solely of non-employee Directors, the Company entered into a
Restricted Stock Unit Agreement with Gilbert Fiorentino (the "Restricted Stock
Unit Agreement"), the President and Chief Executive Officer of its subsidiary
Tiger Direct, Inc. A copy of the Restricted Stock Unit Agreement is annexed as
Exhibit A to this proxy statement. The following is a summary of the principal
provisions of this Restricted Stock Unit Agreement. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the Restricted Stock Unit Agreement, Mr. Fiorentino was awarded
1,000,000 restricted stock units, subject, however, to stockholder approval at
the 2005 Annual Meeting of Stockholders and to the satisfaction of a condition
subsequent of either (a) the Company having positive earnings before interest,
taxes, depreciation and amortization ("EBITDA") for the three months ended
December 31, 2004 and the EBITDA of all computer divisions in North America for
the same three months being not less than 105% of the EBITDA of such divisions
for the three months ended December 31, 2003 or (b) the Company having positive
EBITDA for calendar 2005. (The conditions set forth in (a) above with respect to
the three months ended December 31, 2004 have been satisfied.) Such restricted
stock units generally vest at the rate of 20% on May 31, 2005 and 10% per year
thereafter on April 1 of each year until the units are fully vested on April 1,
2013. The restricted stock units do not reflect actual issued shares of Systemax
common stock; shares are only to be distributed to Mr. Fiorentino within 30 days
after a Distribution Event. A Distribution Event is defined as the earliest of
the date that Mr. Fiorentino is no longer employed by the Company or Tiger
Direct, the date of a change of control (as defined) or January 1, 2006 for the
units that vest in 2005 or the date on which any subsequent units vest for units
that vest after 2005. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Mr. Fiorentino is terminated by the Company without cause (as defined in Mr.
Fiorentino's employment agreement with the Company), under most circumstances he
would become vested in at least half of the restricted stock units that were
awarded to him (or all of such units under certain circumstances if a "Qualified
Change of Control" had occurred, as defined in the agreement), subject to the
Company's right to redeem such units. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Vote Required for Approval</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Approval of the Restricted Stock Unit Agreement will require the affirmative
vote of the holders of a majority of the votes cast on this issue. Pursuant to a
Voting Agreement and Irrevocable Proxy, dated as of October 12, 2004, between
Richard Leeds, Robert Leeds, Bruce Leeds (collectively, the "Shareholders") and
the Company, the Shareholders have agreed to vote in favor of the Restricted
Stock Unit Agreement and have appointed the Company, and any individual
designated in writing by it, as their proxy and attorney-in-fact to vote their
shares in favor of the Restricted Stock Unit Agreement. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE
TO APPROVE THE RESTRICTED STOCK UNIT AGREEMENT, WHICH IS DESIGNATED AS PROPOSAL
NO. 2 ON THE ENCLOSED PROXY CARD.</B></FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>3. Proposal to Approve the Company's 2005 Employee
Stock Purchase Plan</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
March 30, 2005, the Board of Directors approved the terms of the Company's 2005
Stock Purchase Plan, subject to stockholder approval. The Company adopted the
plan so that it could offer employees (including executive officers) of the
Company and designated subsidiaries an opportunity to participate in the
ownership of the Company by purchasing shares of common stock at a discounted
price through payroll deductions, and to provide an incentive for continued
employment. We are asking the stockholders to approve the plan so that we can
provide this benefit to new and current employees. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Two
million shares have been approved and reserved for this purpose. The shares
reserved under the plan have a value of $6.40 per share based on the closing
price of the Company's common stock as reported on the New York Stock Exchange
on December 6, 2005. The plan is intended to constitute an &quot;employee stock
purchase plan&quot; within the meaning of Section 423(b) of the Internal Revenue
Code of 1986, as amended (the &quot;Code&quot;). The plan will become effective
on January 1, 2006 subject to approval by the Company's stockholders.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>A
copy of the Company's 2005 Employee Stock Purchase Plan is annexed as Exhibit B
to this proxy statement. The following is a summary of the principal provisions
of the plan; the following summary is qualified in its entirety by reference to
the text of the plan:</I> </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Summary of Principal Provisions</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ELIGIBILITY. All employees of the Company and designated subsidiaries who on the
first day of an offering period (a) have been an employee for at least one year
and (b) are customarily employed for more than 20 hours a week (other than
persons who are deemed under Section 423(b) of the Code to own 5% or more of the
Company's voting stock) are eligible to participate in the plan. The number of
employees potentially eligible to participate in the plan is currently
approximately 2800 persons.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ADMINISTRATION. The plan will be administered by the individual or committee
designated by the Board of Directors, which will initially be the Compensation
Committee. The plan provides for four "offering periods" each year, commencing
on each January 1, April 1, July 1 and October 1 and continuing through the end
of the calendar quarter. The first offering period will commence on January 1,
2006. Eligible employees may elect to become participants in the plan by
enrolling prior to each quarterly offering period. Shares are purchased through
the accumulation of payroll deductions of not less than l% nor more than 10% (in
whole percentage increments) of each participant's compensation (as defined in
the plan). No interest is paid on such deductions. A participant may discontinue
his or her participation in the plan at any time but, except as may otherwise be
determined by the plan administrator in advance of an offering period, may not
decrease or increase the rate of payroll deductions for any offering period
during such offering period. The employee may, however, increase or decrease the
rate of payroll deductions for the next commencing offering period by filing
with the Company a new authorization for payroll deductions at least one week
(or such other deadline as set by the plan administrator) prior to the next
offering period. All payroll deductions made for a participant are credited to
his or her account under the plan and are deposited with the general funds of
the Company to be used for any corporate purpose. The amount by which an
employee's payroll deductions exceed the amount required to purchase the shares
subject to option will be refunded to the employee with no interest thereon.
Amounts attributable to fractional share interests are rolled over into the next
offering period.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NUMBER OF SHARES PURCHASABLE AND PURCHASE PRICE. The number of shares to be
purchased is determined by dividing the participant's balance in the plan
account on the last day of the offering period by the purchase price per share
for the stock unless the plan administrator has established in advance of the
offering period a lower maximum. The purchase price per share will be 95% of the
lesser of the fair market value of the common stock as of the beginning or
ending date of the quarterly offering period of shares for the participant's
account. The plan administrator, however, has the ability to increase the
discount (but in no event greater than 15% of the fair market value) and to
determine the fair market value solely as of the beginning or ending date if
such determination is made prior to an offering period. The fair market value of
common stock is the closing price as reported on the New York Stock Exchange (or
such other exchange or quotation service as may be applicable) for that date.
The maximum number of shares of common stock that can be purchased under the
plan during any one calendar year by any participant is that number having a
fair market value of $25,000 on the first day of the offering period pursuant to
which the shares are purchased. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the beginning of an offering period, each participant is granted an option to
purchase up to that number of shares equal to the participant's accumulated
payroll deductions for the offering period divided by 95% of the lesser of the
fair market value of a share of the Company's common stock at the beginning or
the end of the offering period, subject to the ability of the plan administrator
to adjust the discount and valuation date, as discussed above. The shares that a
participant elects to purchase will be purchased on the last day of the
quarterly offering period. The plan administrator has the right to impose an
overall limit on the number of shares issued in any offering period. The
Compensation Committee has currently set that limit at 100,000 shares per
offering period; however, the Compensation Committee may increase or decrease
that limit in the future. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Unless an employee withdraws his or her participation in the plan or is no
longer employed at the end of the offering period, the maximum number of full
shares that are purchasable with the accumulated payroll deductions in the
employee's account will be purchased for such employee at the applicable
purchase price. The shares purchased for the employee will be delivered to him
or her as promptly as practicable after the end of the applicable offering
period. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
at the termination of any offering period the total number of shares then
available under the plan plus the shares previously purchased under the plan
exceeds the maximum number of shares issuable under the plan, the Company will
make a <I>pro rata</I> allocation of the shares remaining available. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TERMINATION OF EMPLOYMENT. Termination of a participant's employment for any
reason, including retirement or death, or the failure of a participant to remain
in the continuous employ of the Company for at least 20 hours per week during
the applicable offering period, cancels his or her participation in the plan
immediately. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TRANSFER RESTRICTIONS. The shares acquired pursuant to the plan must be held by
the participants or their estate for one year, or such other period of time as
may be established by the plan administrator, unless otherwise agreed by the
plan administrator. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
CAPITAL CHANGES. In the event of a subdivision of outstanding shares of common
stock, or the payment of a dividend in common stock, the number of shares
approved for the plan, and the share limitations, will be increased
proportionately, and such other adjustment will be made as may be deemed
equitable by the plan administrator. In the event of any other change affecting
the common stock, such adjustment shall be made as may be deemed equitable by
the plan administrator to give proper effect to such event. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NON-ASSIGNABILITY. No rights or accumulated payroll deductions of an employee
under the plan may be pledged, assigned, transferred or otherwise disposed of in
anyway for any reason other than death. Any attempt to do so may be treated by
the Company as an election to withdraw from the plan.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
AMENDMENT AND TERMINATION OF THE PLAN. The Board of Directors of the Company may
at any time amend or terminate the plan. Approval of the stockholders of the
Company is required for amendments to the plan only to the extent that
stockholder approval is required or desirable to comply with the applicable Code
sections and rules and regulations governing employee stock purchase plans, as
in effect at the time of the proposed amendment, other applicable laws, rules or
regulations or the rules of the self regulatory organization under which the
shares of the Company are listed or quoted. Under New York Stock Exchange rules,
material amendments to the plan must be submitted for stockholder approval.
</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
REGISTRATION WITH THE SEC. Upon approval of the plan, the Company intends to
file a Registration Statement on Form S-8 with the Securities and Exchange
Commission to register the issuance of the shares of common stock under the
plan. Shares shall not be issued unless such issuance complies with all
applicable provisions of law and the requirements of any stock exchange or
automated quotation system upon which the shares of stock may then be listed or
quoted. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
TAX INFORMATION. The Company believes that, under present law, the following are
the Federal income tax consequences of the issuance and exercise of options
under the plan. The plan and the right of participants to make purchases under
the plan are intended to qualify as an &quot;employee stock purchase plan&quot;
under the provisions of Sections 421 and 423 of the Code. Under these
provisions, participants will not recognize income for federal income tax
purposes either upon enrollment in the plan or upon any purchase of stock under
the plan. All tax consequences are deferred until a participant sells the stock
acquired under the plan disposes of such stock by gift or dies. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon disposition of the shares, the participant will be subject to tax and the
amount of the tax will depend upon the holding period. If the shares are sold or
disposed of (including by way of gift) more than two years after the first day
of the offering period and more than one year after the last day of the offering
period, the participant will recognize ordinary income at that time in an amount
equal to the lesser of (1) the excess of the fair market value of the shares on
the date of sale or disposition over their purchase price, or (2) 5% (or such
other percentage as reflects the discount discussed above) of the fair market
value of the shares on the first day of the offering period; any further profit
is taxable as capital gain. If the shares are sold and the sale price is less
than the purchase price, the difference is treated as capital loss. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the shares are sold or disposed of (including by way of gift) before the
expiration of the holding periods described in the prior paragraph, the excess
of the fair market value of the shares on the last day of the offering period
over the purchase price will be treated as ordinary income to the participant.
This excess will constitute ordinary income in the year of sale or other
disposition even if there is no gain realized on the sale or gift. The balance
of any gain or loss will be treated as long-term or short-term capital gain or
loss depending on the holding period. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company is entitled to deduct for federal income tax purposes the amount taxed
as ordinary income to a participant to the extent that ordinary income must be
reported when the participant disposes of shares before the expiration of the
holding periods described above. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>THE FOREGOING IS ONLY A SUMMARY OF THE EFFECT OF FEDERAL INCOME TAXATION TO
THE PARTICIPANT AND THE COMPANY WITH RESPECT TO SHARES PURCHASED UNDER THE
PURCHASE PLAN. IN ADDITION, THE SUMMARY DOES NOT DISCUSS THE TAX CONSEQUENCES OF
A PARTICIPANT'S DEATH OR THE PROVISIONS OF THE INCOME TAX LAWS OF ANY
MUNICIPALITY, STATE OR FOREIGN COUNTRY IN WHICH A PARTICIPANT MAY RESIDE.</I></FONT></P>

<P ALIGN=LEFT><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>New Plan Benefits</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Since purchase rights are subject to discretion, including an employee's
decision not to participate in the plan, and will depend on the fair market
value of the Company's common stock at various future dates, purchases of common
stock under the plan for the current fiscal year are not determinable. The
Company's non-employee Directors are not allowed to participate in the Plan.</FONT></P>

<P ALIGN=LEFT><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Vote Required</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Approval of the Company's 2005 Employee Stock Purchase Plan will require the
affirmative vote of the holders of a majority of the votes cast on this issue.
There are no rights of appraisal or dissenter's rights as a result of a vote on
this issue. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A
VOTE TO APPROVE THE COMPANY'S 2005 EMPLOYEE STOCK PURCHASE PLAN, WHICH
ISDESIGNATED AS PROPOSAL NO. 3 ON THE ENCLOSED PROXY CARD.</B></FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Independent Auditor Information</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has not yet selected a registered public accounting firm as the
Company's independent auditors for the fiscal year ending December 31, 2005 and
therefore no stockholder ratification of such selection is being sought at the
Annual Meeting. On November 7, 2005, our certifying accountant, Deloitte &amp;
Touche LLP, notified the Company that it will not stand for re-appointment as
the Company's independent registered public accountant for the year ending
December 31, 2005, stating that the client-auditor relationship would cease upon
our filing our Form 10-K/A for the fiscal year ended December 31, 2004. The
Company is currently engaged in discussions with auditing firms to replace
Deloitte &amp; Touche and serve as our independent auditors. Engagement of a new
registered public accounting firm will be approved by the Audit Committee of the
Board of Directors. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During our two most recent fiscal years and the subsequent interim period
preceding the notification from Deloitte &amp; Touche on November 7, 2005: (i)
there were no disagreements between us and Deloitte &amp; Touche on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement, if not resolved to the
satisfaction of Deloitte &amp; Touche, would have caused it to make reference to
the subject matter of the disagreement in connection with its reports; and (ii)
there were "reportable events" (as defined in Item 304(a)(1)(v) of Regulation
S-K) as described in the paragraph below. In addition, Deloitte &amp; Touche's
reports on our consolidated financial statements for the past two years did not
contain an adverse opinion or a disclaimer of opinion, nor were such reports
qualified or modified as to uncertainty, audit scope, or accounting principles;
however, the 2003 report of Deloitte &amp; Touche issued in connection with the
2003 Form 10-K/A contained an explanatory paragraph which addressed the
restatement of such year's consolidated financial statements for the correction
of an error. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During our two most recent fiscal years and the subsequent interim period
preceding the notification from Deloitte &amp; Touche on November 7, 2005, the
following reportable events occurred which caused our auditors to significantly
increase the scope of their audit work: (i) An investigation was conducted in
2004 of certain possible irregularities committed by former employees of a
subsidiary of the Company in connection with a promotional program; (ii)
Deloitte &amp; Touche issued a material weakness letter to us, as previously
disclosed in Item 9A of our Annual Report on Form 10-K for the year ended
December 31, 2004, which addressed (together with material weaknesses identified
by management related to errors at the Company's United Kingdom subsidiary which
gave rise to the restatement referred to in the prior paragraph) the dependency
on back end detective controls to overcome system shortcomings and inadequate
financial controls, communication and authority on the part of our management
over the Company's operating subsidiaries; (iii) The restatement of our
consolidated financial statements for our years ended December 31, 2004, 2003
and 2002 which resulted principally from the discovery of errors in accounting
for inventory at our Tiger Direct subsidiary as to 2004 and the timing of
revenue recognition as it relates to all years. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
These matters were discussed in detail among management, the audit committee and
Deloitte &amp; Touche. The Company has authorized Deloitte &amp; Touche to
respond fully to inquiries of the successor accountant concerning the subject
matter of the material weakness. </FONT></P>

<P><FONT SIZE=3><B>Fees Billed to the Company by Deloitte &amp; Touche LLP for Services
During Fiscal 2004</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
fees billed by Deloitte &amp; Touche LLP, our independent auditors in fiscal
2004 and 2003, were as follows: </FONT></P>

<PRE>
                                           Fiscal 2004       Fiscal 2003
           Audit Fees                         $986,000          $777,000
           Audit-related Fees                      ---               ---
           Tax Fees                            $79,000           $57,000
           All Other Fees                          ---               ---
</PRE>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Audit Fees included charges for auditing the Company's annual financial
statements and reviewing those financial statements included in the Company's
quarterly reports on Form 10-Q. Tax Fees included services for international tax
compliance and advice. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Audit Committee is responsible for approving every engagement of our
independent auditors to perform audit or non-audit services on behalf of the
Company or any of its subsidiaries before Deloitte &amp; Touche is engaged to
provide those services. The Audit Committee of the Board of Directors has
reviewed the services provided to the Company by Deloitte &amp; Touche LLP and
believes that the non-audit/review services it has provided are compatible with
maintaining the auditor's independence. Deloitte &amp; Touche resigned as our
independent auditors effective November 22, 2005. The Audit Committee is
currently reviewing candidates for appointment as the Company's independent
auditors for fiscal 2005. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Solicitation of Proxies</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The cost of soliciting proxies for the 2005 Annual Meeting will be borne by the
Company. In addition to solicitation by mail, solicitations may also be made by
personal interview, fax and telephone. Arrangements will be made with brokerage
houses and other custodians, nominees and fiduciaries to send proxies and proxy
material to their principals, and the Company will reimburse them for expenses
in so doing. Consistent with the Company's confidential voting procedure,
Directors, officers and other regular employees of the Company, as yet
undesignated, may also request the return of proxies by telephone or fax, or in
person. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Annual Report</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Annual Report of the Company for the year ended December 31, 2004 as
restated was first mailed to all stockholders with this proxy statement.
</FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Stockholder Proposals</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Stockholder proposals intended to be presented at an Annual Meeting, including
proposals for the nomination of Directors, must be received by March 31, 2006,
to be considered for the 2006 Annual Meeting. The requirements for submitting
such proposals are set forth in the Company's By-Laws. </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Other Matters</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Board of Directors does not know of any matter other than those described in
this proxy statement that will be presented for action at the meeting. If other
matters properly come before the meeting, the persons named as proxies intend to
vote the shares they represent in accordance with their judgment. </FONT></P>

<P><FONT SIZE=3><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A COPY OF THE COMPANY'S FORM 10-K/A FOR THE YEAR ENDED DECEMBER 31, 2004 IS
INCLUDED AS PART OF THE COMPANY'S ANNUAL REPORT PROVIDED WITH THIS PROXY
STATEMENT. AN ADDITIONAL COPY MAY BE OBTAINED WITHOUT CHARGE UPON WRITTEN
REQUEST. Such request should be sent to: SYSTEMAX INC., 11 Harbor Park Drive,
Port Washington, New York 11050 Attention: Investor Relations or via email to
investinfo@systemax.com.</B> </FONT></P>

<P ALIGN=LEFT><FONT SIZE=3><B>Available Information</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company maintains an internet web site at <U>www.systemax.com</U>. The
Company files reports with the Securities and Exchange Commission ("SEC") and
makes available free of charge on or through this web site its annual reports on
Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K,
including all amendments to those reports. These are available as soon as is
reasonably practicable after they are filed with the SEC. All reports mentioned
above are also available from the SEC's web site (<U>www.sec.gov</U>). The
information on the Company's web site is not part of this proxy statement or any
report the Company files with, or furnishes to, the SEC. </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company's Board of Board of Directors has adopted the following corporate
governance documents (the "Corporate Governance Documents"):</FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=5%>&#149;</TD>
<TD WIDTH=90%>Corporate Ethics Policy for officers, directors and employees</TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=5%>&#149;</TD>
<TD WIDTH=90%>Charter for the Audit Committee of the Board of Directors</TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=5%>&#149;</TD>
<TD WIDTH=90%>Charter for the Compensation Committee of the Board of
Directors</TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5% ALIGN=LEFT>&nbsp;&nbsp;</TD>
<TD WIDTH=5%>&#149;</TD>
<TD WIDTH=90%>Charter for the Nominating/Corporate Governance Committee of the
Board of Directors</TD>
</TR>
</TABLE>
<BR>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In accordance with the corporate governance rules of the New York Stock
Exchange, each of the Corporate Governance Documents is available on the
Company's Company web site (www.systemax.com) or can be obtained by writing to
Systemax Inc., Attention: Board of Directors (Corporate Governance), 11 Harbor
Park Drive, Port Washington, NY 11050. </FONT></P>

<PAGE>

<P ALIGN=RIGHT><FONT SIZE=3><B>Exhibit A</B></FONT></P>


<P ALIGN=CENTER><FONT SIZE=3><B>SYSTEMAX INC.<BR>
RESTRICTED STOCK UNIT AGREEMENT</B></FONT></P>

<P><FONT SIZE=3>THIS RESTRICTED STOCK UNIT AGREEMENT (the "<U>Agreement</U>") is
made and entered into on October 12, 2004 but effective as of June 1, 2004, by
and between SYSTEMAX INC., a Delaware corporation (the
&quot;<U>Company</U>&quot;), and GILBERT FIORENTINO (the &quot;Recipient&quot;).
</FONT></P>

<P><FONT SIZE=3>WHEREAS, effective as of June 1, 2004, the Company, and the
Recipient entered into an Employment Agreement (the "Employment Agreement")
whereby the Recipient performs services as the Chief Executive Officer of Tiger
Direct, Inc. (the "Subsidiary") and may, if so appointed by the Board of
Directors of the Company, perform services as the Chief Executive Officer of the
Company; and </FONT></P>

<P><FONT SIZE=3>WHEREAS, in accordance with Section 4.6 of the Employment
Agreement, the Executive is entitled to be granted restricted stock units from
the Company, subject to the terms and conditions specified herein. </FONT></P>

<P><FONT SIZE=3>NOW, THEREFORE, the Company and the Recipient hereby agree as
follows: </FONT></P>

<P><FONT SIZE=3>1. <U>Grant Pursuant to Plan</U>. This Agreement and the grant
of Restricted Stock Units are made pursuant to the Company's 1999 Long-Term
Stock Incentive Plan (the "Plan"), the terms of which are incorporated herein
for all purposes. The Recipient hereby acknowledges receipt of a copy of the
Plan and agrees to be bound by all of the terms and conditions of this Agreement
and the Plan. Unless otherwise provided herein, terms used in this Agreement
that are defined in the Plan and not defined herein shall have the meanings
attributable thereto in the Plan.</FONT></P>

<P><FONT SIZE=3>2. <U>Award of Restricted Stock Units</U>. At its meeting on
October 12, 2004, the Compensation Committee of the Company's Board of Directors
granted to the Recipient one million (1,000,000) Restricted Stock Units
(collectively the "Restricted Stock Units"), subject to and conditioned upon the
Recipient's execution of the Employment Agreement, approval by the holders of a
majority of the Company's common stock at the Company's next annual stockholders
meeting, and satisfaction of the conditions (the "Performance Condition")
specified in either subparagraph (a) or (b) of this Section 2:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) the provisions of this subparagraph (a) shall be satisfied if:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i) the Company has positive earnings before interest, taxes, depreciation and
amortization ("EBITDA") for the three months ending December 31, 2004, and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii) the EBITDA of all computer divisions in North America of the Company and
its subsidiaries (including without limitation Systemax Manufacturing) for the
three months ending December 31, 2004 is not less than 105% of the EBITDA of all
of the computer divisions in North America of the Company and its subsidiaries
(including without limitation Systemax Manufacturing) for the three months ended
December 31, 2003, and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) the provisions of this subparagraph (b) shall be satisfied if:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i) the Company has positive EBITDA for the calendar year ending December 31,
2005; and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii) the EBITDA of all computer divisions in North America of the Companies and
its subsidiary (including without limitation Systemax Manufacturing) for the
calendar year ending December 31, 2005 is not less than 105% of the EBITDA of
all of the computer divisions in North America of the Company and its
subsidiaries (including without limitation Systemax Manufacturing) for the
calendar year ending December 31, 2004.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For purposes of the foregoing clauses (a) and (b), EBITDA shall be determined in
accordance with generally accepted accounting principles. The parties hereto
acknowledge that the terms of this Agreement have been approved by a Committee
of the Board of Directors of the Company consisting entirely of at least two
non-employee directors. In the event this Agreement is not approved by the
holders of a majority of the Company's common stock at the Company's next annual
stockholders meeting this Agreement is void and the Recipient forfeits the right
to receive any Restricted Stock Units and Restricted Stock hereunder.
</FONT></P>

<P><FONT SIZE=3>3.<U>Vesting of Restricted Stock Units</U>.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) Except as otherwise provided in Sections 3(b) or (c) of this Agreement, or
in the Plan, the Restricted Stock Units shall vest in installments as provided
below, which shall be cumulative. The following table indicates each date (a
"Vesting Date") upon which the Recipient shall be vested with respect to the
percentage of Restricted Stock Units granted as indicated beside the date,
provided that the Recipient continues to be employed with the Company, the
Subsidiary or any of their subsidiaries through and on the applicable Vesting
Date and that the Performance Condition is satisfied:</FONT></P>

<PRE>
         Percentage of Restricted Stock Units               Vesting Date
         -------------------------------------              ------------

                           20%                              The later of May 31, 2005
                                                            or the date on which the
                                                            Performance Condition
                                                            is satisfied.
                           10%                              April 1, 2006
                           10%                              April 1, 2007
                           10%                              April 1, 2008
                           10%                              April 1, 2009
                           10%                              April 1, 2010
                           10%                              April 1, 2011
                           10%                              April 1, 2012
                           10%                              April 1, 2013
</PRE>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Except as otherwise specifically provided herein, there shall be no
proportionate or partial vesting in the periods prior to each Vesting Date, and
all vesting shall occur only on the appropriate Vesting Date. Except as
otherwise provided in Section 3(c)(i)(y), upon the termination of the
Recipient's employment with the Company, the Subsidiary and their subsidiaries,
any unvested portion of the Restricted Stock Units that does not become vested
pursuant to the provisions hereof as a result of such termination shall
terminate and be null and void. Any portion of the Restricted Stock Units
subject to this Agreement that is and has become vested pursuant to this Section
3 shall be referred to as "Vested Units", and any portion of the Restricted
Stock Units that is and has not yet become vested shall be referred to as the
"Non-Vested Units." </FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) Notwithstanding any other term or provision of this Agreement, in the event
a Qualified Change in Control (as defined in the Employment Agreement) occurs
after the Performance Condition has been satisfied, or before December 31, 2005,
the Recipient shall become immediately vested in all of the Restricted Stock
Units as of the date of the Qualified Change in Control; provided, however, that
in the circumstances of a Change in Control as set forth in clause (y)(1) of
Section 3.2(c)(iii) of the Employment Agreement, the date of the consummation of
the reorganization, merger, consolidation or corporate transaction or series of
transactions (rather than the date of the stockholder approval) shall be deemed
to be the date of the Change in Control for purposes of this Section 3(b).</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c) Notwithstanding any other term or provision of this Agreement:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i) if the Recipient's employment with the Company or the Subsidiary is
terminated by the Company or the Subsidiary, whichever is applicable, without
Cause or by the Recipient for Good Reason either after the Performance Condition
has been satisfied, or before December 31, 2005, then:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(x) as of the Date of Termination, the Recipient shall become immediately vested
in the greater of (1) the portion of the Restricted Stock Units in which the
Recipient would have been vested had his employment not terminated until the
first anniversary of the Date of Termination, or (2) 50% of the Restricted Stock
Units (the "Vested Units"), and shall entitled to an immediate distribution of
that number of shares of Common Stock of the Company that is represented by
those Vested Units; provided, however, that the Company shall have the right to
redeem the Vested Units at the Fair Market Value thereof as set forth in Section
5.2(b) of the Employment Agreement, and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(y) in the event that a Change in Control occurs on or before the first
anniversary of the Date of Termination, then the Recipient shall become
immediately vested in any Restricted Stock Units that were not vested as of the
Date of Termination (the "Additional Vested Units") and shall be entitled as of
that first anniversary to an immediate distribution of that number of shares of
Common Stock of the Company that is represented by those Additional Vested
Units; provided, however, that the Company shall have the right to redeem the
Additional Vested Units at the Fair Market Value thereof as set forth in Section
5.2(b) of the Employment Agreement.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii) if the Recipient's employment with the Company or the Subsidiary, whichever
is applicable, is terminated due to the Recipient's disability or death either
after the Performance Condition is satisfied, or before December 31, 2005, the
Recipient or the Recipient's estate or designated beneficiary(ies), whichever is
applicable, shall become immediately vested in 50% of the Restricted Stock Units
unless more than 50% of the Restricted Stock Units have previously vested (the
"Additional Vested Units"); and shall be entitled to an immediate distribution
of that number of shares of Common Stock of the Company that is represented by
those Vested Units provided, however, that the Company shall have the right to
redeem the Additional Vested Units at the Fair Market Value thereof as set forth
in Section 5.2(b) of the Employment Agreement;</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(iii) if the Recipient's employment with the Company or the Subsidiary is
terminated by the Company or the Subsidiary, whichever is applicable, for Cause,
after the Performance Condition has been satisfied, then on or before the first
regular pay date after the Date of Termination the Recipient shall become
immediately entitled to a distribution of that number of shares of Common Stock
of the Company that is represented by the percentage of the Restricted Stock
Units that are Vested; provided, however, that the Company shall have the right
to redeem the Additional Vested Units at the Fair Market Value thereof as set
forth in Section 5.2(b) of the Employment Agreement.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For purposes of this Agreement, the terms "Cause", "Good Reason", "Fair Market
Value," "Date of Termination," and "Qualified Change in Control" shall have the
same meanings as set forth in the Employment Agreement. If the Company wishes to
exercise its right under the foregoing provisions to redeem any Vested Units or
Additional Vested Units, it shall provide written notice thereof to the
Executive within 30 days after the Date of Termination and the closing on such
transaction shall occur within 20 days after such notice. </FONT></P>

<P><FONT SIZE=3>4. <U>Delivery of Shares Represented by the Restricted Stock Units</U></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) Except as otherwise set forth in the Employment Agreement, the Company shall
deliver to the Recipient, within 30 days after the occurrence of the
Distribution Event, the shares of Common Stock of the Company that are
represented by the Vested Units under this Agreement. For this purpose, a
"Distribution Event" shall occur on the earliest of (i) the date on which the
Recipient is no longer an employee of either the Company or the Subsidiary for
any reason, (ii) the date on which a Qualified Change of Control (as defined in
the Employment Agreement) occurs; or (iii) the Trigger Date (as defined in
Section 4(b) hereof); provided, however, that in the circumstances of a Change
in Control as set forth in clause (y)(1) of Section 3.2(c)(iii) of the
Employment Agreement, the date of the consummation of the reorganization,
merger, consolidation or corporate transaction or series of transactions (rather
than the date of the stockholder approval) shall be deemed to be the date of the
Change in Control for purposes of this Section 4(a).</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) For purposes of Section 4(a) hereof, the "Trigger Date" shall mean the
following:</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i) with respect to the Restricted Stock Units that vest on the later of May 31,
2005 or the date on which the Performance Condition is satisfied in accordance
with Section 3(a) hereof, January 1, 2006, or if the Performance Condition under
Section 2(a) is not satisfied but the Performance Condition under Section 2(b)
is satisfied, April 1, 2006; and</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii) with respect to the Restricted Stock Units that vest on April 1, 2006 in
accordance with Section 3(a) hereof, or on any succeeding April 1, the date on
which the Restricted Stock Units become vested. Notwithstanding the foregoing,
the Recipient may elect, in a writing received by the Company at least twelve
(12) months prior to the applicable Trigger Date, to defer the Trigger Date
specified in the applicable clause of this Section 4(b) until any later date,
subject to such limitations as may be necessary to comply with the tax laws in
order that the Recipient not be required to recognize income as a result of such
deferral.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c) All of the stock certificates evidencing any shares of Common Stock that are
represented by the Restricted Stock Units pursuant to this Agreement shall bear
appropriate legends restricting the sale or other transfer of the shares of
Common Stock in accordance with applicable state and federal securities laws,
this Agreement and the Plan.</FONT></P>

<P><FONT SIZE=3>5. <U>Rights with Respect to Shares of Common Stock Represented
by Restricted Stock Units</U>.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) Except as otherwise provided in this Section 5, the Recipient shall not have
any rights, benefits or entitlements with respect to any shares of Common Stock
that are represented by the Restricted Stock Units subject to this Agreement
unless and until a Distribution Event has occurred.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) Notwithstanding Section 5(a) hereof, during the term of this Agreement, the
Recipient shall have the right to receive distributions (the "Dividend
Equivalent Payments") from the Company equal to any dividends or other
distributions that would have been distributed to the Recipient if each of the
Restricted Stock Units instead were an issued and outstanding share of Common
Stock owned by the Recipient. The Dividend Equivalent Payments, reduced by any
applicable withholding taxes, shall be made at the same time, in the same form
and in the same manner as dividends or other distributions are paid to the
holders of Common Stock of the Company; provided, however, that (i) there shall
be no Dividend Equivalent Payments with respect to any dividend distribution of
shares in the Company's subsidiary, Profit Center Software Inc. ("PCS"), unless
all of the computer divisions of the Company in North America have implemented
PCS software on or before June 30, 2005; and (ii) that if the dividend declared
is a dividend of shares of Common Stock, then any shares of Common Stock issued
to the Recipient with respect to the Restricted Stock Units subject to this
Agreement shall have the same status and bear the same legend as the Restricted
Stock Units and shall be held by the Company (and the Recipient shall provide a
duly executed stock power therefore) until a Distribution Event, unless
otherwise determined by the Committee.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c) In the event that the number of shares of Common Stock of the Company, as a
result of a combination of the Common Stock or any other change or exchange for
other securities, by reclassification, reorganization or otherwise, is increased
or decreased or changed into or exchanged for a different number or kind of
shares of Common Stock or other securities of the Company or of another entity,
the number of Restricted Stock Units subject to this Agreement shall be
appropriately adjusted to reflect that change. If any adjustment shall result in
a fractional share, the fraction shall be disregarded.</FONT></P>

<P><FONT SIZE=3>
6. <U>Tax Withholding</U>. On or before a Distribution Event or the date on
which the Recipient becomes entitled to receive a Dividend Equivalent Payment,
as a condition to the Company's obligations with respect to the Restricted Stock
Units (including, without limitation, any obligation to deliver any shares of
Common Stock or make any Dividend Equivalent Payments hereunder), the Recipient
shall make arrangements satisfactory to the Company to pay to the Company any
federal, state or local taxes of any kind required to be withheld with respect
to its delivery of the shares of Common Stock and Dividend Equivalent Payments.
If the Recipient shall fail to make the tax payments as are required, the
Company shall, to the extent permitted by law, have the right to deduct from any
payment of any kind otherwise due to the Recipient any federal, state or local
taxes of any kind required by law to be withheld with respect to the shares of
the Common Stock or any Dividend Equivalent Payments.</FONT></P>

<P><FONT SIZE=3>
7. <U>Registration of Restricted Stock Units and Shares of Common Stock</U>. If
and to the extent it has not already done so, the Company shall register with
the Securities and Exchange Commission ("SEC"), on a Form S-8 or such other
required form, both the Restricted Stock Units and the shares of Common Stock
that are represented by the Restricted Stock Units under this Agreement.</FONT></P>

<P><FONT SIZE=3>
8. <U>Amendment, Modification and Assignment</U>. No provision of this Agreement
may be modified, waived or discharged unless that waiver, modification or
discharge is agreed to in writing signed by the Recipient and the Company. No
waiver by either party of any breach by the other party to this Agreement of any
condition or provision of this Agreement shall be deemed a waiver of any other
conditions or provisions of this Agreement. No agreements or representations,
oral or otherwise, express or implied, with respect to the subject matter hereof
have been made by either party which are not set forth expressly in this
Agreement. Unless otherwise consented to by the Committee, this Agreement shall
not be assigned by the Recipient in whole or in part. The rights and obligations
created under this Agreement shall be binding on the Recipient and his heirs and
legal representatives and on the successors and assigns of the Company.</FONT></P>

<P><FONT SIZE=3>9. <U>Transferability</U>. The Restricted Stock Units granted
under this Agreement are not transferable otherwise than by will or under the
applicable laws of descent and distribution. In addition, the Restricted Stock
Units shall not be assigned, negotiated, pledged or hypothecated in any way
(whether by operation of law or otherwise), and the Restricted Stock Units shall
not be subject to execution, attachment or similar process.</FONT></P>

<P><FONT SIZE=3>
10. <U>Beneficiary Designation</U>. The Recipient shall have the right to
designate, on a beneficiary designation form satisfactory to the Committee which
shall be filed with the Company, a beneficiary or beneficiaries to receive any
unissued shares of Common Stock and/or Dividend Equivalent Payments under this
Agreement in the event of the death of the Recipient. In the event that the
Recipient shall not file a beneficiary designation form with the Company, or if
none of the designated beneficiaries survive the Recipient, then any unpaid
shares of Common Stock and/or Dividend Equivalent Payments under this Agreement
shall be paid to the estate of the Recipient.</FONT></P>

<P><FONT SIZE=3>11. <U>Miscellaneous</U>.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) <U>No Right to Employment or Service</U>. The grant of this Restricted Stock Unit
award shall not confer, or be construed to confer, upon the Recipient any right
to be employed by or perform services for the Company, the Subsidiaries or their
subsidiaries.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) <U>No Limit on Other Compensation Arrangements</U>. Nothing contained in this
Agreement shall preclude the Company or the Subsidiary from adopting or
continuing in effect other or additional compensation arrangements, and those
arrangements may be either generally applicable or applicable only in specific
cases.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c) <U>Severability</U>. If any provision of this Agreement is or becomes or is deemed
to be invalid, illegal or unenforceable in any jurisdiction or would disqualify
this Agreement or the award of Restricted Stock Units under any applicable law,
that provision shall be construed or deemed amended to conform to applicable law
(or if that provision cannot be so construed or deemed amended without
materially altering the purpose or intent of this Agreement and the award of
Restricted Stock Units, that provision shall be stricken as to that jurisdiction
and the remainder of this Agreement and the award shall remain in full force and
effect).</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d) <U>No Trust or Fund Created</U>. Neither this Agreement nor the grant of the award
of Restricted Stock Units shall create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Company and
the Recipient or any other person. The Restricted Stock Units subject to this
Agreement represent only the Company's unfunded and unsecured promise to issue
shares of Common Stock to the Recipient in the future. To the extent that the
Recipient or any other person acquires a right to receive payments from the
Company pursuant to this Agreement, that right shall be no greater than the
right of any unsecured general creditor of the Company.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e) <U>Governing Law</U>. The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of the State of Delaware.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(f) <U>Interpretation</U>. The Recipient accepts this award of Restricted Stock
Units subject to all the terms and provisions of this Agreement and the terms
and conditions of the Plan.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(g) <U>Headings</U>. Headings are given to the Paragraphs and Subparagraphs of this
Agreement solely as a convenience to facilitate reference. The headings shall
not be deemed in any way material or relevant to the construction or
interpretation of this Agreement or any provision thereof.</FONT></P>

<P><FONT SIZE=3>12. <U>Complete Agreement</U>. This Agreement and those
agreements and documents expressly referred to herein embody the complete
agreement and understanding among the parties and supersede and preempt any
prior understandings, agreements or representations by or among the parties,
written or oral, which may have related to the subject matter of this Agreement
in any way.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first
written above. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT></TD>
<TD WIDTH=50%>SYSTEMAX INC.,<BR>
a Delaware corporation<BR>
By: <U>/s/ Bruce Leeds</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Name: BRUCE LEEDS<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Title: VICE CHAIRMAN</TD>
</TR>
</TABLE>
<BR>
<BR>
<BR>

<P><FONT SIZE=3>Agreed and Accepted:</FONT></P>
<BR>

<P><FONT SIZE=3>By: <U>/s/ Gilbert Fiorentino</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GILBERT FIORENTINO</FONT></P>

<PAGE>

<P ALIGN=RIGHT><FONT SIZE=3><B>Exhibit B</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>SYSTEMAX INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>2005 Employee Stock Purchase Plan</B></FONT></P>

<P><FONT SIZE=3><I>1. Purpose</I>. The purpose of the Systemax Inc. 2005
Employee Stock Purchase Plan (the "Plan") is to provide eligible employees of
Systemax Inc. (the "Company") or a Designated Subsidiary (as defined in Section
11) with opportunities to purchase shares of the Company's common stock, par
value $0.01 per share (the "Common Stock"). Two million (2,000,000) shares of
Common Stock in the aggregate have been approved and reserved for this purpose.
The Plan is intended to constitute an "employee stock purchase plan" within the
meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended (the
"Code"), and shall be interpreted in accordance with that intent.</FONT></P>

<P><FONT SIZE=3><I>2. Administration</I>. The Plan will be administered by the
person or persons (the "Administrator") appointed by the Company's Board of
Directors (the "Board") for such purpose. The Administrator has the authority to
make rules and regulations for the administration of the Plan, in its sole
discretion, and its interpretations and decisions with regard thereto shall be
final and conclusive. If no person is appointed as the Administrator, then the
Compensation Committee of the Board (or, as determined by the Compensation
Committee, a subcommittee thereof) shall be the Administrator of the Plan. No
member of the Board or individual exercising administrative authority with
respect to the Plan shall be liable for any action or determination made in good
faith with respect to the Plan or any option granted hereunder.</FONT></P>

<P><FONT SIZE=3><I>3. Offerings</I>. The Company will make one or more offerings
to Eligible Employees (as defined below) to purchase Common Stock under the Plan
("Offerings"). Unless otherwise determined by the Administrator, the initial
Offering will begin on the Effective Date and will end on the following
September 30 (the "Initial Offering"). Thereafter, unless otherwise determined
by the Administrator, an Offering will begin on the first business day occurring
on or after the first day of each calendar quarter (October 1, January 1, April
1, July 1) and will end on the last business day occurring on or before the end
of each calendar quarter (December 31, March 31, June 30, September 30,
respectively). The Administrator may, in its discretion, designate a different
period for any Offering, provided that no Offering shall exceed 12 months in
duration or overlap any other Offering.</FONT></P>

<P><FONT SIZE=3><I>4. Eligibility</I>. Each individual classified as an employee
(within the meaning of Section 3401(c) of the Code and the regulations
thereunder) by the Company or a Designated Subsidiary on the Company's or the
Designated Subsidiary's payroll records during the relevant participation period
(each an "Eligible Employee") is eligible to participate in any one or more of
the Offerings under the Plan, provided that as of the first day of the
applicable Offering (the "Offering Date") he or she has been an employee for at
least one (1) year and is customarily employed by the Company or a Designated
Subsidiary for more than twenty (20) hours a week .</FONT></P>

<P><FONT SIZE=3><I>5. Participation</I>.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) Any Eligible Employee may elect to become a Participant by submitting an
enrollment form to the designated representative of the Company's human
resources department at least one (1) week before the applicable Offering Date
(or such other deadline as shall be established by the Administrator for the
Offering). The form will (i) state a whole percentage at a minimum of one
percent (1%) and a maximum of ten percent (10%) to be deducted from his
Compensation (as defined in Section 11) per pay period, (ii) authorize the
purchase of Common Stock for him in each Offering in accordance with the terms
of the Plan and (iii) specify the exact name or names in which shares of Common
Stock purchased for him are to be issued pursuant to Section 10. The Company
will maintain book accounts showing the amount of payroll deductions made by
each Participant for each Offering. No interest will accrue or be paid on
payroll deductions. All payroll deductions received or held by the Company under
the Plan may be used by the Company for any corporate purpose and the Company
shall not be obligated to segregate such payroll deductions. An employee who
does not enroll in accordance with these procedures will be deemed to have
waived his right to participate.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) Except as provided elsewhere in the Plan, a Participant's election to
participate in the Plan and payroll deduction election shall continue in effect
until the Participant withdraws from the Plan or terminates employment.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c) All Participants shall have the same rights and privileges under the Plan,
except for differences that may be mandated by local law and that are consistent
with Code Section 423(b)(5).</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d) In accordance with Section 423(b)(8) of the Code, the Administrator may
reduce a Participant's payroll deductions, but not below zero percent (0%), at
any time during an Offering.</FONT></P>

<P><FONT SIZE=3>
<I>6. Deduction Changes</I>. Except as may be determined by the Administrator in
advance of an Offering, a Participant may not increase or decrease his payroll
deduction during any Offering, but may increase or decrease his payroll
deduction with respect to the next Offering (subject to the limitations of
Section 5) by filing a new enrollment form at least one (1) week before the next
Offering Date (or by such other deadline as shall be established by the
Administrator for the Offering). The Administrator may, in advance of any
Offering, establish rules permitting an employee to increase, decrease or
terminate his payroll deduction during an Offering.</FONT></P>

<P><FONT SIZE=3>
<I>7. Withdrawal</I>. A Participant may withdraw from participation in the Plan by
delivering a written notice of withdrawal to the designated representative of
the Company's human resources department. The Participant's withdrawal will be
effective as of the next business day. Following a Participant's withdrawal, the
Company will promptly refund to him his entire account balance under the Plan
(after payment for any Common Stock purchased before the effective date of
withdrawal). Partial withdrawals are not permitted. The employee may not begin
participation again during the remainder of the Offering, but may enroll in a
subsequent Offering in accordance with Section 5.</FONT></P>

<P><FONT SIZE=3>
<I>8. Grant of Options</I>. On each Offering Date, the Company will grant to
each Participant an option ("Option") to purchase on the last day of such
Offering (the "Exercise Date"), at the Option Price hereinafter provided for,
(a) a number of shares of Common Stock determined by dividing such employee's
accumulated payroll deductions on such Exercise Date by the Applicable
Percentage (as defined in Section 11) of the lesser of the Fair Market Value of
the Common Stock on the Grant Date or the Exercise Date; provided, however, that
the Administrator may determine in advance of an Offering to use solely the
Grant Date or the Exercise Date for such determination, or (b) such other lesser
maximum number of shares as shall have been established by the Administrator in
advance of the Offering; provided, however, that such Option shall be subject to
the limitations set forth below. Each employee's Option shall be exercisable
only to the extent of such employee's accumulated payroll deductions on the
Exercise Date. The purchase price for each share purchased under each Option
(the "Option Price") will be the Applicable Percentage of the lesser of the Fair
Market Value of the Common Stock on the Grant Date or the Exercise Date.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the foregoing, no employee may be granted an Option hereunder if
such employee, immediately after the Option was granted, would be treated as
owning stock possessing five percent (5%) or more of the total combined voting
power or value of all classes of stock of the Company or any Parent or
Subsidiary (as defined in Section 11). For purposes of the preceding sentence,
the attribution rules of Section 424(d) of the Code shall apply to determining
the stock ownership of an employee, and all stock which the employee has a
contractual right to purchase shall be treated as stock owned by the employee.
In addition, no employee may be granted an Option which permits his rights to
purchase stock under the Plan, and any other employee stock purchase plan of the
Company and its Parents and Subsidiaries, to accrue at a rate which exceeds
$25,000 of the fair market value of such stock (determined on the option grant
date or dates) for each calendar year in which the Option is outstanding at any
time. The purpose of the limitation in the preceding sentence is to comply with
Section 423(b)(8) of the Code and shall be applied by taking Options into
account in the order in which they were granted. The Administrator also has the
right to impose an overall limit on the number of shares issued in any offering
period. </FONT></P>

<P><FONT SIZE=3><I>9. Exercise of Option and Purchase of Shares</I>. Each
employee who continues to be a Participant in the Plan on the Exercise Date
shall be deemed to have exercised his Option on such date and shall acquire from
the Company such number of whole shares of Common Stock reserved for the purpose
of the Plan as his accumulated payroll deductions on such date will purchase at
the Option Price, subject to any other limitations contained in the Plan. Any
amount remaining in a Participant's account at the end of an Offering solely by
reason of the inability to purchase a fractional share will be carried forward
to the next Offering; any other balance remaining in a Participant's account at
the end of an Offering will be refunded to the employee promptly.</FONT></P>

<P><FONT SIZE=3>
<I>10. Issuance of Certificates; Transfer of Shares</I>. Certificates
representing shares of Common Stock purchased under the Plan may be issued only
in the name of the employee, in the name of the employee and another person of
legal age as joint tenants with rights of survivorship, or in the name of a
broker authorized by the employee to be his, or their, nominee for such purpose.
No Participant (or joint tenant or nominee) may sell, pledge or otherwise
transfer the shares of Common Stock acquired by the Participant under the Plan
until the expiration of the applicable Holding Period, except as permitted under
Offering terms or rules adopted by the Administrator or for transfers to the
estate or beneficiaries of deceased Participants (in which case such transferees
shall be bound by this restriction). Certificates representing shares of Common
Stock purchased under the Plan shall bear appropriate legends and be subject to
appropriate stop transfer orders to reflect this restriction. Shares purchased
under the Plan are non-forfeitable.</FONT></P>

<P><FONT SIZE=3><I>11. Definitions</I>.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
The term "Applicable Percentage" means 95% (or such other percentage, not below
85%, as may be determined by the Administrator in advance of an
Offering).</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b) The term "Compensation" means the amount of base pay prior to salary
reduction pursuant to Sections 125, 132(f) or 401(k) of the Code, but excluding
overtime, commissions, incentive or bonus awards, allowances and reimbursements
for expenses such as relocation allowances or travel expenses, income or gains
on the exercise of Company stock options, and similar items.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c) The term "Designated Subsidiary" means any present or future Subsidiary (as
defined below) that has been designated by the Board to participate in the Plan.
The Board may so designate any Subsidiary, or revoke any such designation, at
any time and from time to time, either before or after the Plan is approved by
stockholders.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d) The term "Effective Date" means January 1, 2006.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e) The term "Fair Market Value of the Common Stock" on any given date means the
fair market value of the Common Stock determined in good faith by the
Administrator; provided, however, that if the Common Stock is traded on a
national securities exchange or other primary trading market, the Fair Market
Value of the Common Stock will equal the closing sales price as reported on the
principal exchange or market for the Common Stock on such date. If there is no
trading on such date, the determination shall be made by reference to the last
date preceding such date for which there was trading.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(f) The term "Holding Period" means one year, or such other period of time as
may be established by the Administrator, following the Exercise Date during
which the Common Stock acquired pursuant to the Plan may not be sold, pledged or
otherwise transferred by the Participant. The Holding Period may be changed by
the Administrator with respect to any Offering and may apply to all or a
designated portion of the shares of Common Stock purchased by each Participant
in the Offering, subject to Section 5.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(g) The term "Parent" means a "parent corporation" with respect to the Company,
as defined in Section 424(e) of the Code.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(h) The term "Participant" means an Eligible Employee who has complied with the
provisions of Section 5.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i) The term "Subsidiary" means a "subsidiary corporation" with respect to the
Company, as defined in Section 424(f) of the Code.</FONT></P>

<P><FONT SIZE=3>
<I>12. Rights on Termination of Employment</I>. If a Participant's employment
terminates for any reason before the Exercise Date for any Offering, no payroll
deduction will be taken from any pay due and owing to the employee and the
balance in his account will be paid to him or, in the case of his death, to his
designated beneficiary as if he had withdrawn from the Plan under Section 7. An
employee will be deemed to have terminated employment, for this purpose, if the
corporation that employs him, having been a Designated Subsidiary, ceases to be
a Designated Subsidiary or ceases to be a Subsidiary, or if the employee is
transferred to any corporation other than the Company or a Designated
Subsidiary. An employee will not be deemed to have terminated employment, for
this purpose, if the employee is on an approved leave of absence for military
service or sickness, or for any other purpose approved by the Company, if the
employee's right to reemployment is guaranteed either by a statute or by
contract (including under the policy pursuant to which the leave of absence was
granted) or if the Administrator otherwise provides in writing.</FONT></P>

<P><FONT SIZE=3>
<I>13. Special Rules</I>. Notwithstanding anything herein to the contrary, the
Board or the Administrator may in its discretion amend or vary the terms of the
Plan, establish one or more sub-plans or adopt special rules applicable to the
employees of a particular Designated Subsidiary, whenever the Board or
Administrator determines that such rules are necessary or appropriate for the
implementation of the Plan in a jurisdiction where such Designated Subsidiary
has employees provided that such rules are consistent with the requirements of
Section 423(b) of the Code. Such special rules may include (by way of example,
but not by way of limitation) the establishment of a method for employees of a
given Designated Subsidiary to fund the purchase of shares other than by payroll
deduction, if the payroll deduction method is prohibited by local law or is
otherwise impracticable. Any special rules established pursuant to this Section
13 shall, to the extent possible, result in the employees subject to such rules
having substantially the same rights as other Participants in the Plan.</FONT></P>

<P><FONT SIZE=3>
<I>14. Optionees Not Stockholders</I>. Neither the granting of an Option to an
employee nor the deductions from his pay shall constitute such employee a holder
of the shares of Common Stock covered by an Option under the Plan until such
shares have been purchased by and issued to him.</FONT></P>

<P><FONT SIZE=3>
<I>15. Rights Not Transferable</I>. Rights under the Plan are not transferable
by a participating employee other than by will or the laws of descent and
distribution, and are exercisable during the employee's lifetime only by the
employee.</FONT></P>

<P><FONT SIZE=3>
<I>16. Application of Funds</I>. All funds received or held by the Company under
the Plan may be combined with other corporate funds and may be used for any
corporate purpose.</FONT></P>

<P><FONT SIZE=3>
<I>17. Adjustment in Case of Changes Affecting Common Stock</I>. In the event of
a subdivision of outstanding shares of Common Stock, or the payment of a
dividend in Common Stock, the number of shares approved for the Plan, and the
share limitation set forth in Section 8, shall be increased proportionately, and
such other adjustment shall be made as may be deemed equitable by the
Administrator. In the event of any other change affecting the Common Stock, such
adjustment shall be made as may be deemed equitable by the Administrator to give
proper effect to such event.</FONT></P>

<P><FONT SIZE=3>
<I>18. Amendment of the Plan</I>. The Board may at any time, and from time to
time, amend the Plan in any respect, except that without the approval, within 12
months of such Board action, by the stockholders, no amendment shall be made
increasing the number of shares approved for the Plan or making any other change
that would require stockholder approval in order for the Plan, as amended, to
qualify as an "employee stock purchase plan" under Section 423(b) of the Code.</FONT></P>

<P><FONT SIZE=3>
<I>19. Insufficient Shares</I>. If the total number of shares of Common Stock
that would otherwise be purchased on any Exercise Date plus the number of shares
purchased under previous Offerings under the Plan exceeds the maximum number of
shares issuable under the Plan, the shares then available shall be apportioned
among Participants in proportion to the amount of payroll deductions accumulated
on behalf of each Participant that would otherwise be used to purchase Common
Stock on such Exercise Date.</FONT></P>

<P><FONT SIZE=3>
<I>20. Termination of the Plan</I>. The Plan may be terminated at any time by
the Board. Upon termination of the Plan, all amounts in the accounts of
Participants shall be promptly refunded.</FONT></P>

<P><FONT SIZE=3>
<I>21. Governmental Regulations; Applicable Law</I>. The Company's obligation to
sell and deliver Common Stock under the Plan is subject to obtaining all
governmental approvals required in connection with the authorization, issuance,
or sale of such stock. The Plan shall be governed by Delaware law except to the
extent that such law is preempted by federal law.</FONT></P>

<P><FONT SIZE=3>
<I>22. Issuance of Shares</I>. Shares may be issued upon exercise of an Option
from authorized but unissued Common Stock, from shares held in the treasury of
the Company, or from any other proper source.</FONT></P>

<P><FONT SIZE=3>
<I>23. Tax Withholding</I>. Participation in the Plan is subject to any minimum
required tax withholding on income of the Participant in connection with the
Plan. Each employee agrees, by entering the Plan, that the Company and its
Subsidiaries shall have the right to deduct any such taxes from any payment of
any kind otherwise due to the employee, including shares issuable under the
Plan.</FONT></P>

<P><FONT SIZE=3>
<I>24. Notification Upon Sale of Shares</I>. Each employee agrees, by entering the
Plan, to give the Company prompt notice of any disposition of shares purchased
under the Plan where such disposition occurs within two years after the date of
grant of the Option or one year after the Exercise Date pursuant to which such
shares were purchased.</FONT></P>

<P><FONT SIZE=3>
<I>25. Conditions Upon Issuance of Shares</I>. Shares shall not be issued with
respect to an option unless the exercise of such option and the issuance and
delivery of such shares shall comply with all applicable provisions of law,
whether domestic or foreign, including without limitation the Securities Act of
1933, as amended, the Securities Exchange Act of 1934 as amended, the rules and
regulations of the Securities and Exchange Commission and the requirements of
any stock exchange or automated quotation system upon which the shares of stock
may then be listed or quoted, and shall be further subject to the approval of
counsel for the Company with respect to such compliance. As a condition to the
exercise of an option, the Company may require the person exercising such option
to represent and warrant at the time of any such exercise that the shares are
being purchased for investment and without any present intention to sell or
distribute such shares if, in the opinion of counsel for the Company, such a
representation is required by any of the applicable provisions of law.</FONT></P>

<P><FONT SIZE=3>
<I>26. Effective Date and Approval of Shareholders</I>. The terms of the Plan were
adopted by the Board of Directors on March 30, 2005 and shall take effect on the
Effective Date, subject to approval, in accordance with applicable state law, by
the holders of a majority of the votes cast at a meeting of stockholders at
which a quorum is present.</FONT></P>

<HR SIZE=1 WIDTH=33% NOSHADE>

<PAGE>


<P ALIGN=CENTER><FONT SIZE=3><B>ANNUAL MEETING OF STOCKHOLDERS OF</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=5><B>SYSTEMAX INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>December 29, 2005</B></FONT></P>
<BR>
<BR>
<BR>
<BR>
<P ALIGN=CENTER><FONT SIZE=3><B>Please date, sign and mail<BR>
your proxy card in the<BR>
envelope provided as soon<BR>
as possible.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>Please detach along perforated line and mail in the envelope provided.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=3>PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.<BR>
PLEASE MARK YOUR VOTE IN THE BLUE OR BLACK INK AS SHOWN HERE [X]</FONT></P>

<PRE>

1. Election of Directors:
                                         <B>NOMINEES:</B>
[  ] FOR ALL NOMINEES                   (  ) Richard Leeds
                                        (  ) Bruce Leeds
[  ] WITHHOLD AUTHORITY                 (  ) Robert Leeds
     FOR ALL NOMINEES                   (  ) Gilbert Fiorentino
                                        (  ) Robert Rosenthal
[  ] FOR ALL EXCEPT                     (  ) Stacy S. Dick
     (See instructions below)           (  ) Ann R. Leven

</PRE>

<P><FONT SIZE=3><U><B>INSTRUCTION</B></U>: To withold authority to vote for any
individual nominee(s), mark <B>"FOR ALL EXCEPT"</B> and fill in the circle next
to each nominee you wish to withold, as shown here:</FONT></P>

<P><FONT SIZE=3>To change the address on your account, please check the box at
right and indicate your new address in the address space above. Please note that
changes to the registered name(s) on the account may not be submitted via this
method.&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;]</FONT></P>

<P><FONT SIZE=3>2. To consider and vote upon a proposal to approve the Resitricted Stock Unit
Agreement between the Company and Gilbert Fiorentino.<BR>
For [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Against
[&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;Abstain [&nbsp;&nbsp;]</FONT></P>

<P><FONT SIZE=3>3. To consider and vote upon a proposal to Approve the Company's 2005 Employee
Stock Purchase Plan.<BR> For [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Against
[&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Abstain [&nbsp;&nbsp;]</FONT></P>

<P><FONT SIZE=3>4. To transact such other business as may properly come before the meeting or
any adjournments or postponements thereof.</FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=50% ALIGN=LEFT>Signature of Stockholder<BR>
Date</TD>
<TD WIDTH=50%>Signature of Stockholder<BR>
Date </TD>
</TR>
</TABLE>
<BR>

<P><FONT SIZE=3><B>Note:</B> Please sign exactly as your name or names appear on
this Proxy. When shares are held jointly, each holder should sign. When signing
as executor, administrator, attorney, trustee or guardian, please give full
title as such. If the signer is a corporation, please sign full corporate name
by duly authorized officer, giving full title as such. If signer is a
partnership, please sign in partnership name by authorized person.</FONT></P>

<PAGE>

<P ALIGN=CENTER><FONT SIZE=3><B>SYSTEMAX INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>PROXY</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>This Proxy is Solicited on Behalf of the Board of Directors</B></FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby appoints Curt Rush and Michael J. Speiller, and each of
them, with power of substitution, attorneys and proxies to represent and vote
all shares of Common Stock of Systemax Inc. (the "Company") which the
undersigned is entitled to vote at the Annual Meeting of Stockholders of
Systemax Inc. to be held on December 29, 2005, at 2:00 p.m., local time, and at
any adjournment or postponements thereof.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under the Company's By-Laws, business transacted at the Annual Meeting of
Stockholders is confined to the purposes stated in the Notice of the Meeting.
This Proxy will, however, convey discretionary authority to the persons named
herein as proxies to vote on matters incident to the conduct of the Meeting.</FONT></P>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Proxy when properly executed will be voted in the manner directed herein by
the undersigned stockholder. <B>If no direction is made, this Proxy will be voted
FOR the election of the nominees and FOR proposals 2 and 3.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>(Continued and to be signed on the reverse side)</B></FONT></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>graph.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 graph.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``,"`@,"`@,#`P,$`P,$!0@%!00$
M!0H'!P8(#`H,#`L*"PL-#A(0#0X1#@L+$!80$1,4%145#`\7&!84&!(4%13_
MP``+"`%S`O$!`1$`_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+
M_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$(
M(T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%56
M5UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBI
MJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W
M^/GZ_]H`"`$!```_`/U3HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
MHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
MJIJVK6.@:5>ZGJ=[;Z=IME"]S=7EW*L4,$2*6>1W8@*JJ"2Q(``)-6Z****X
MK7/B]H7A[5=8T^ZL/%$MQI4,=Q</8^$]5NX75VC4""6&V9+ALS)E(6=E`D+`
M".0KDZG^T'X7TFY2"?2O'#N\,-P#;>`==G7;)&LB@M'9,`P5P&0G<C!D8*RL
MHJ_\-+>$?^@1\0/_``W'B'_Y!H_X:6\(_P#0(^('_AN/$/\`\@T?\-+>$?\`
MH$?$#_PW'B'_`.0:/^&EO"/_`$"/B!_X;CQ#_P#(-'_#2WA'_H$?$#_PW'B'
M_P"0:/\`AI;PC_T"/B!_X;CQ#_\`(-'_``TMX1_Z!'Q`_P##<>(?_D&C_AI;
MPC_T"/B!_P"&X\0__(-'_#2WA'_H$?$#_P`-QXA_^0:/^&EO"/\`T"/B!_X;
MCQ#_`/(-'_#2WA'_`*!'Q`_\-QXA_P#D&C_AI;PC_P!`CX@?^&X\0_\`R#1_
MPTMX1_Z!'Q`_\-QXA_\`D&C_`(:6\(_]`CX@?^&X\0__`"#1_P`-+>$?^@1\
M0/\`PW'B'_Y!H_X:6\(_]`CX@?\`AN/$/_R#70:?\7M"U/51I\-AXH2X,-K<
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MAO-"#6K"1T\N3?J:@L519,H77;(@W!@RK5_X7)XN_P"B$_$#_P`#O#W_`,M:
M/^%R>+O^B$_$#_P.\/?_`"UH_P"%R>+O^B$_$#_P.\/?_+6C_A<GB[_HA/Q`
M_P#`[P]_\M:/^%R>+O\`HA/Q`_\``[P]_P#+6C_A<GB[_HA/Q`_\#O#W_P`M
M:/\`A<GB[_HA/Q`_\#O#W_RUH_X7)XN_Z(3\0/\`P.\/?_+6C_A<GB[_`*(3
M\0/_``.\/?\`RUH_X7)XN_Z(3\0/_`[P]_\`+6C_`(7)XN_Z(3\0/_`[P]_\
MM:/^%R>+O^B$_$#_`,#O#W_RUH_X7)XN_P"B$_$#_P`#O#W_`,M:/^%R>+O^
MB$_$#_P.\/?_`"UH_P"%R>+O^B$_$#_P.\/?_+6C_A<GB[_HA/Q`_P#`[P]_
M\M:/^%R>+O\`HA/Q`_\``[P]_P#+6C_A<GB[_HA/Q`_\#O#W_P`M:/\`A<GB
M[_HA/Q`_\#O#W_RUKM?"7B;4?$EL)=0\)ZQX5<PK+Y.KRV4C!C)*AC_T:XF&
MX+&DA.=NV>,!BPD6/H***R?M.N?VCL_L[3_L'VWR_/\`M[^;]E^S[O-\OR<>
M;]H_=^5OV^7^\\S=^YKE?[:^*?\`:.S_`(0WP?\`8/L7F>?_`,);=>;]J^S[
MO*\O^S,>5]H_=^;OW>7^\\O=^YHU?6OBG#9VC:7X-\'WEVV/M,5YXMNK=(_W
M,).QUTR0O^^:X3E5^2*)^LK1Q97_``D?QO\`^B>?#_\`\+R^_P#E-1_PD?QO
M_P"B>?#_`/\`"\OO_E-1_P`)'\;_`/HGGP__`/"\OO\`Y34?\)'\;_\`HGGP
M_P#_``O+[_Y34?\`":_%/1O]/\3^$?A_H7ANU_?ZIJG_``G-TWV.U7YIIL2:
M5&AV(&;#2(O'+*.1ZK11111111111111111535M,AUK2KW3[A[B.WNX7MY'M
M+F2VF564J2DL;*\;8/#HP93@@@@&K=%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
M%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%<I\6+[^S/A9XRO/^
M$8_X37[/HM[+_P`(SY7F_P!K[8'/V/9L?=YN/+QL;._&UNAZNBBBBBBBBBBB
MBBBBBBJFK:M8Z!I5[J>IWMOIVFV4+W-U>7<JQ0P1(I9Y'=B`JJH)+$@``DU;
MHHHHHHHHHHHHHKBK#XAWS^"-2U^_\)ZQ!>6NIWVG0:+:0--=W@AOY;2VD0,$
M"K<*D4P=RL2),'>01JTM<IJ'[2&C0_%S6O!=HEO);^&)M)M/$VHW<L\36=UJ
MK^7ID%M$D#BY:20QB1B\21+,AW.1(L?L%%%%%%%%%%%%%%%%%%%%%%%%%%%%
M%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%>5?M8_P#)K'QD_P"Q,UG_`-(9J]5H
MHHHHHHHHHHHHHHHHJIJVK6.@:5>ZGJ=[;Z=IME"]S=7EW*L4,$2*6>1W8@*J
MJ"2Q(``)-6Z*************\J3]F_PQ<:%)I&I:AX@U*TC\37_BO3Y(M6ET
MVXTRZO&N&F2">Q,$OE9O+K`=G;$[`L0%"FG_`+,7P\T3["NC:+_8L,']B+<Q
M64I_XF$>D;CID=P[;G?R'\IPX82/Y$22.\0,9/VEO^2=:1_V.?A/_P!2'3J]
M5HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKR
MK]K'_DUCXR?]B9K/_I#-7JM%%%%%%%%%%%%%%%%%>:?M-WL.G?LV_%>[N+"W
MU2W@\):M+)8W;2+#<JMG*3&YC='"L!@E'5L$X8'!'I=%%%%%%%%%%%%%%%>5
M?M+?\DZTC_L<_"?_`*D.G5ZK111111111111111111111111111111111111
M1111111111111111111117E7[6/_`":Q\9/^Q,UG_P!(9J]5HHHHHHHHHHHH
MHHHHHKS3]IO4YM%_9M^*^H6Z6\EQ:>$M6N(TN[:.YA9ELY6`>*1621<CE'4J
MPR"""17I=%%%%%%%%%%%%%%%>5?M+?\`).M(_P"QS\)_^I#IU>JT44444444
M4444444444444444444444444444444444444444445X_P"&-%AT+]J_X@W<
M.AW%FFO^$M"N&U2'3)%MKRXMKK4XI1)<JGEM.D4UFNQW\PQ[,`JAV_%?@+X$
M>*M6_80^&G@[5/".L7GB<^'_`!?I]MX&U;PO+(/[0N;F0V=\]Q</%;Z;/;_?
MCFN/F>*>=(07<`_II1117E7[6/\`R:Q\9/\`L3-9_P#2&:O5:***********
M******\T_:;CL9OV;?BO'J=Q<6>FOX2U9;JXM+=9YHHC9R[W2-G0.P7)"ET!
M(`++G(]+KE/'7Q8\#_"_[#_PF7C+P_X2^W;_`+)_;NJ067VC9MW^7YKKNV[T
MSC.-RYZBM7PMXLT/QSH5KK?AO6=/\0:+=;OL^HZ7=)<V\VUBC;)$)5L,K*<'
M@J1U%:U%%%%%%%%%%>/_`!)UKPD/@]XQC3X;W'C#2+/4WMKKPM<>%KGR;Z]D
MNT=Y_L[6K-<0>?-]HDN8(9\A99$$KKM/G^F?"?5H]0\*>'O#,^L0^&-&\/\`
M@NX\,7VN17$+0+INH3C5`X$2FUNYM.N(8'1TB:999(R-D<PC]+_:6_Y)UI'_
M`&.?A/\`]2'3J]5HHHHHHHHHHHJI>QWSW-@UI<6\%NDQ:\2:W:1IHO+<!(V#
MJ(V\PQMN(<;5==H+!TJ>*;;7+O0KJ+PWJ.GZ5K3;?L]YJE@]];Q_,"V^%)H6
M?*[@,2+@D'D#:;>K1WTVE7L>F7%O9ZD\+K:W%W;M/#%*5.QWC5T+J&P2H="0
M"`RYR.??3?'!L[]4\0^'UNWO;F2SE;09RD-JT+BWBD3[:#)*DQC=Y0R+(BLB
MQQ%A(N5J.B_%.70M(BL/&7@^VUJ+SO[2O+CPE=36]SE@8?)A&IHT.U<AMTDN
M\\C8/EK5M=-\<)KNB2W'B'P_+HL-DL>JV<6@SI<7=UM8-+!,;TK!$6*$1/',
MP"L/,)8,O0:3'?0Z591ZG<6]YJ20HMU<6ENT$,LH4;W2-G<HI;)"EW(!`+-C
M)RO#%EXJM+F[;Q%K.CZI;M#;+;II>D2V31RK'BX=V>YF#J\GS(H"F-?E9I3\
M]6H;;7%^Q^;J.GOMO9Y+G98.OFVI\WR8DS,=DJ[H-TIW*_ER8CC\Q?+/LVN?
M\)5]H_M'3_\`A&_L7E_V?]@?[9]JWY\W[3YVSRMGR^5Y.[=\WF8^6LK7]-\<
M7/BK3;C1/$/A_3_#<?E_;M/U#09[N\GPY,GE7*7L21;DPJ[H9-K`L=P.T=71
M1111111111111111111535K*;4=*O;2WO[C2[B>%XH[ZT6-IK9F4@2()$="R
MDY`=&7(&5(R#;KBM<\`:[JVJZQ=VOQ*\4:+;WT,<5O8V-MI30Z<RM&3)`9K*
M1V9A&X(F>1<32;54B,IDZG\)_%%_<I+!\9_'&G(L,,1AMK/0BK,D:HTA\S3&
M.Z1E,C`$*&=@JHNU15_X4WXN_P"B[?$#_P``?#W_`,JJ/^%-^+O^B[?$#_P!
M\/?_`"JH_P"%-^+O^B[?$#_P!\/?_*JN@MO`&NP:KKUV_P`2O%%Q;ZE#<16M
MC+;:4(=*:1LI);E;(.S1#A!.\JD??60\UX_\8]:TK]G_`$*/5_B#^U%XP\,V
MDV?L\=Q9^'WN+G#(K>3`FDM+-M,L>[8K;0V6P.:\5_:;\!_&;XZ?!7Q;X/\`
M`]G\0/B!HNM64.V_\?'1?#Z&2'4+.4?9K-;*VO#+^[G4_:OL\81&9/.+1;K7
M_!*G]D_XD_LSZ5\2;OXC:/;Z!<:_-I\5G8K?0W4VVW6X+R,86=`K&Y4*-^[*
M/E5&TM]ZT45Y5^UC_P`FL?&3_L3-9_\`2&:O5:*****************\J_:Q
M_P"36/C)_P!B9K/_`*0S5ZK7R_\`M?/J.@>,O!OBW3?B!K'PZ31O#_B'^T=6
MT;0;+6F@LG%BQGFMI7:<P1W$5H9&M[>7"L1));*WFUT'[(%IJEIIGQ(_M_Q'
MJ'BKQ)+XFAFU+4]1TM=.>5VT72S"PMQ'$8MUO]G=HGB1X7=X6,QB\^;Z`HHH
MHHHHHHHHHKRK]I;_`))UI'_8Y^$__4ATZO5:************************
M************************J:MJUCH&E7NIZG>V^G:;90O<W5Y=RK%#!$BE
MGD=V("JJ@DL2``"37BNK?M/S>*O#-[J'P6\":Q\9+B"9[=;FTFCTC2)&2<Q.
M4U"\V)<+E)\/:+<+NB`8H'1CJR>`OBCX^U6WN?%7CBW\%^'C#+'<>%/`\?F3
M3EFC&)=7G192I1)<&V@M)4,_$I,2R-U?PR^"_@KX.VVH1^$?#]OI=QJ<S7.H
MZ@[O<7VHRM))(9+JZE9IKAM\TI#2NQ&\@8'%=K11117E7[6/_)K'QD_[$S6?
M_2&:O5:*****************\J_:Q_Y-8^,G_8F:S_Z0S5ZK7R5^V'\*O"OQ
M?^-'PMT;Q?\`#;6/BCIL'A_Q%=QZ/HFHQ64T,JW.CH)R\EY:@J%=UV^83F0'
M:<$KZ!^R-X!\._#+PEXM\/>%_A7K'PETBV\0,R:9K=^;V:^9[&S9KL2">=-I
M+>5B.9U!@.2KET7W6BBBBBBBBBBBBO*OVEO^2=:1_P!CGX3_`/4ATZO5:***
M*******************************************\J\=?M1_##X=^.['P
M3JOB;[7XSO-_E^'-"L+K5]179$LQ\RWLXI9(_P!TPD&]5W*&89"L1DW6L_&K
MXG6>MV6CZ%I_P7M/F@LM<\220ZYJCYA7,BV%K+]FBQ)(^V1[J7_48:`B3*ZV
MF_LU^$'\5:5XK\4G4/B)XOTO<;+6O%MP+K[(Y>-Q+;6B*EG:RCR(1YEO!$Y\
ML%F9F=F]5HHHHHHHKRK]K'_DUCXR?]B9K/\`Z0S5ZK111111111111111117
ME7[6/_)K'QD_[$S6?_2&:O5:^7_VN[WQS!X_^'MI\-[#PO<>.]2TS6+#0+[7
MVTX3:5>R2Z<'O81<.+EEBLO[0+K:I+D^7YL4BX%>@?LWIK.F:?XW\/:IXJUC
MQA8^'/$`T?2M1\1M`=3^RQ:?9%EN?+BB9F\]KAEDE3?+&\4H:2.2.1_8****
M*******\JTSXQ:YJ&H^*=+7P?]IU71O&=MX8CAT^]>>*6UEM[2\>^EE,"K!Y
M=I=/(T;_`"M)"(4E=Y8]W*>`?VM;?Q/:W#ZWX0U#PW=V7]C65]8_:X;J6WU*
M^UR]T22WRA"/%#=6);SE8[XWW!%(VM;_`&O?B%X5\$^`_#MOXB\3:/H%Q=^+
M?#ES;Q:I?Q6S316^NZ=+<2('8%EBC^=V'"+RV!S7NM%%%?&O[;7_``4<L?V/
M/'^A>$(_`EQXPU+4-,&JSRMJBV,,$32O%&JGRI2[%H92P(4*`F"VXA?I_P"%
M7Q,T/XR?#CPYXV\-S_:-%URRCO;?<Z,\6X?-%)L9E$L;;HW4,=KHRYR*U?$?
MBS0_!]FMWKVLZ?HEHWF;9]1NDMT/EPR3R89R!\L,,TC>B1.QX4D8'C7XW_#K
MX:ZK%IGB_P`?>%_"NI2PBYCL];UFVLYGB+,HD"2.I*ED<;L8RI'8US__``UC
M\$/^BR?#_P#\*BQ_^.UVOB3XA>%?!VJZ+IFO^)M'T/4M;F^S:79ZE?Q6\U_+
MN1?+@1V!E;=)&-J@G+J.XJI??%CP/IG_``C'VSQEX?M/^$HV?V#Y^J0)_:^_
M9L^R9?\`?[O-BQY>[/F)C[PS5U;XW_#K0)+U-3\?>%].>RA>YNEN]9MHC!$E
MT;-Y'#.-JK<@P%C@"4%#\W%5+C]H7X66FA0ZW/\`$OP?#HL_E^5J,FO6JV\F
M]IT3;(9-IW-:W2C!Y-O*!S&V-7_A;'@?_A!/^$V_X3+P_P#\(9_T,?\`:D']
MG?ZWR?\`CXW^7_K?W?WOO?+UXJW%\0O"L]SX;MXO$VCR7'B6%[G0XDOXBVJQ
M+&)7DM1NS,HC97+)D!6!Z'-=!111111111111534]3ATFV2>=+AT>:&W`MK:
M2=MTDBQJ2L:L0H9P6<C:BAG8JJLPMURFO_$O2/#7A73?$-W9^()K#4/+\F'3
M_#FHWEXN]"Z^;:0P//#@`AO,1=K85L,0*JZ)\7M"\0:5<ZA:V'BB*WMX;FX=
M+WPGJMI,5@6)I`D4MLKNQ$R;$52TI$@C#F.0+4_X7AX<_P"$5_X2'^S?&'V#
M[;]@\G_A"M9^V>9LW[OLGV3S_*QQYVSR]WR[MW%5-6_:#\+Z+JM[I]QI7CB2
MXM)GMY'M/`.NW,+,K%24ECLF21<CAT8JPP02"#6MX2^+VA>-;D0:?8>*+=S,
MMOG5_">JZ:NYHY9`=US;1C;MA<%\[0QC0D-+&K<__P`-+>$?^@1\0/\`PW'B
M'_Y!H_X:6\(_]`CX@?\`AN/$/_R#5K5OV@_"^BZK>Z?<:5XXDN+29[>1[3P#
MKMS"S*Q4E)8[)DD7(X=&*L,$$@@U5_X:6\(_]`CX@?\`AN/$/_R#5K5OV@_"
M^BZK>Z?<:5XXDN+29[>1[3P#KMS"S*Q4E)8[)DD7(X=&*L,$$@@U5_X:6\(_
M]`CX@?\`AN/$/_R#63XL_:%T76/"NLV&B?\`"P/#^M75E-!8ZO\`\*OU^Y^P
MSLA6.?R7L0LFQB&V-PVW!X-?*OB"]\0Z/\,=:CO_``+I_AOPA?\`C.SD\/\`
M@ZX\*:Q>^'+2.72IK>-+NS%G#+/;7&J0@+;+:P20W<\-V1.LL(F^X++XMZ,?
MAI?^.-7M-8\+Z1IFF#5=3@US2Y[>YL8OLB7<BO'M)=HXY-KB+>!(DD>2Z,H\
M?T#_`(*0_LV^)?[2^R?%+3X?[/LI+^;^T+*[L]T:8W+%YT*>=*<C;#'ND;G:
MIP:[6]^-?BKQ-<V$/PY^&.L:];RS&.[UCQ>9?"]C9@1NY!2Y@:]D;(B4&.T:
M(^;_`*T&-PM2Z_9^USXBV>MV7Q:^(6H>+]%U+=$/#?AN%_#FEQPM"L3(WD3/
M>3;OWQ9);IX6\['E91"/5?"WA/0_`VA6NB>&]&T_P_HMKN^SZ=I=JEM;P[F+
MMLC0!5RS,QP.2Q/4UK4444444445Y5^UC_R:Q\9/^Q,UG_TAFKU6BBBBBBBB
MBBBBBBBBBO*OVL?^36/C)_V)FL_^D,U>JU\J_MK_``%U3X^ZQX6T.P\4:AX2
MM+G1=5TS4+N/P:OB"SN(+F\TI1#*2X-M+YR0S)*JY1;>:7S(A"6/?_LG_".\
M^$WP]O\`[9X\T_XC?\)!>PZO;:WI.CV^EV9M186EK;1P0V[M#Y2PVD6UH\*5
M(P.Y]KHHHHHHHHHHKBO$?PA\.^(=*\26GEW&G7&O:G:ZY<WUI,3,FHVJVHM;
MI!)O0-$;&T(0H8V,(WHX9PV3X=_9N^&WA'1;32-%\+6^F:;:0Z5;PVUM/,BA
M=-O9+ZR)P_S,ES-+*SG+2L[>87S57]I;_DG6D?\`8Y^$_P#U(=.KU6BBBOFK
M]J7]@'X:?M;>*M'\2>+;OQ!I6M:;9'3Q<Z%>1Q>?!O:1$D66*5?D9Y2"H4GS
M&W%@%V^%?`K_`()^_`^*2?X4?%7PIH^N?$KPO#+<VNI66JW5G-K^B374KV^H
MO!#)&%99));5U8R/&;>,%S&\!/I7_#&'Q7\!^*O[<^'O[3WQ`EM%LO)FT3QK
M<1ZQ]K??O94N)D>*UWA8T$HM)GC^=L2!C&<K3K[]K'P7\1]7EUB74+WP9:V4
M,:7,FGZ3XHMW=B9)[I5M#HU\/*0(@A2WG=SYNU')BSU>@?M7^+-7U'4O#.B0
M?#_QKXST_P`Q5T+4-9O_``;KNHR+;BZ$<6C7]E+)'^Z8!7:X:-PI<O&-RQ^E
M:3\=?$MKI5E>>,?@QXX\*IY*-J%Q:?8-;AM92HRB1V%S+=SKYA"!DMLX(=UC
M4,5RK+]N+X'S>,K_`,)ZAX\M_"OB&PA%Q<V/B^QNM!:)2$*@F^BA&XK(C!,[
MBIW`$`D>O^%O%FA^.="M=;\-ZSI_B#1;K=]GU'2[I+FWFVL4;9(A*MAE93@\
M%2.HK6KG_B%>^(M.\`>);OPA86^J>+(-,N9='L;M@L-S>K$Q@C<ET`5I`@)W
MKP3\PZCYJ\8^/O'.E^*YOAAJ/Q4N/AX\,VL:AIOQ#URPT[S]3LK/2M/N&1XI
M8([:14N-3GD>2%(\0Z3)&<,9)D^JM)O9M1TJRN[BPN-+N)X4EDL;MHVFMF90
M3&YC=T+*3@E'9<@X8C!-NBBBBBBO-/CO;--X>T::]UZXT'PG;ZF)/$/]GWEU
M:7UY:FWG2"VM)+3%P9WOGL=L<+*\N#&-_F>7)RO@75O&L/C_`.">F>,[VX3Q
M#<_#G5+GQ%9K*@AEU2.70EDD9(3Y3,CS7`5D&T"1PN`QS[K1111111111111
M1117*?$SXJ^$/@WX5G\2>-O$>G^&=%AW#[3J$P3S7"/)Y42_>EE*QN5C0,[;
M3M4FO%?B):_%?]J'PKXZ\":;HG_"G_`^JV2VMMXSUU(]0U'5[.="LT<>E!D:
MSW*6!>XD$J*RCR4D9C!E?LD_\$\/`_[(WBI_%>B>(O$&N^)+K13I%\^H/`MG
M)N>&222*%(P\>7@&U6E?:I()8_-7U51111111111117E7[6/_)K'QD_[$S6?
M_2&:O5:*****************\J_:Q_Y-8^,G_8F:S_Z0S5ZK7S5^USX=TO4-
M=\*ZQ\0-5\0:5\$M+T77!XM;2O$#:;92O*MJEK%?1Q31SW,3C[4B1P!W:5XE
M*E9&#>@?LT:%X;\/_"RPM_"GPMU#X2:*WER0Z)JUK;6]Y.#!$%N)UAFE8RLH
M5&,["?=$?,&0"?5:************\_\`CAX6U3QAX+TVPTBU^UW</B;P]J#Q
M^8J8@MM9LKF=\L0/EAAD;'4[<`$D`^@44445X_\`M`?!"^^)-SX5\8^$M3M]
M"^*'@B:XO/#6HZ@C36+F>,1W-I=Q#DP3Q@(SIB6/AXSD%7[7X6_$C2_BWX$T
MSQ5I%OJ%E:7OFQO9:M:-:WEG/%*\,]O/$W*2Q31R1L.1N0X+#!/5UD^*?">A
M^.="NM$\2:-I_B#1;K;]HT[5+5+FWFVL'7?&X*MAE5AD<%0>HKS73/V7/"7A
M"V=/`VI^*/AZZS37%K'H&OW)L;)I9&DE$.FW+36"JQDD^0VQ5=Y9`C!64TS0
MOC;X(MGCB\3>%_BE;B:98(]?M)/#]\L32,\;S7EJMQ#,T:;8MJ64(?A]RE2K
M^5>)/!'@+XQ^#=2UKX_?LRW'A;Q#J,T%O>3Z;IR>(+ZY92QB,5[HXDO`J1V\
M0=Y$A4;UB!<'GH/@SX+^#OCSPK:2_!3XI>((8],LK46QT+QQ>:G_`&3`Z8AB
MDTZ^EN+>+,:N@CGM\IM;:J/&"O5?\*J^,6B>*OM^B?'/^U=%:R\AM(\:^$;.
M^VS[]QG2:P:P8?*`H1MPY<G)*[/A;_@H%^T]XG^`?BKX9?"/7_!'P_\`$OAO
M1OL?B&XCMM%B%GJ5@CRP1V4-E=)<)IVU(YXB\;S-M,;(T0+Q5]T^$_VIM+\1
M>%=&\27W@+X@:#HNN64.H:1<_P#"/MK'VV"1!(K[=*:[:#Y7C.+@1$[_`)0Q
M5]O0?"']I3X7?'JVCD\!>.='\17#PR7)T^&?R[Z.))/+:22UDVS1KO*C<Z`'
M<A&0RD^ET54U;5K'0-*O=3U.]M].TVRA>YNKR[E6*&")%+/([L0%55!)8D``
M$FO'_%/[:WP$\'Z%=:O?_%[P?<6EOMWQZ7JT6H7!W,%&R"W,DK\L,[5.!DG`
M!(Z#2?V@_"^M:K9:?;Z5XXCN+N9+>-[OP#KMM"K,P4%Y9+)4C7)Y=V"J,DD`
M$UROC7XX_%BPTJ*3PA^SAXHUS4C,%DM];\2Z'IL*Q;6RXDCO+@EMP0;=@!!)
MW#`!M>%O'GQ[\0:%:W]_\'_!_AF[FW;]+U3X@2O<088J-YM]+EB.X`,-LC<,
M,X.0/S6_X8*_:2L_VT/^%C_\(-I^KV$7Q`_X2'^T_P"U[2PL[J,:CY_G>5Y\
M\\$3#YMNV61%.,.PP?TIM?VI=#\+6>B1?%K1]0^#>M:EMB">)"DNE^=Y+2,B
MZK`7LQGRI@J2R13-Y>?*4.F[VNBBBBBBBBBBBBBN?\?^/_#OPL\&ZMXL\6:M
M;Z'X>TJ$W%Y?7).V-<@```$LS,5544%F9E5020#Y5KWC+XL_%JYFT_X:Z5;_
M``^\,20[3X[\9Z?,;YF:.X5A9:-((I`T4JP?O+QHE.6*PS)M9NJ\)?L\>"O"
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MF6%)9[:2)&<JK$*&<$D`G&<`]*[6BBBBBBBBBBBBBBBBBO*OVL?^36/C)_V)
MFL_^D,U>JU\Z_M4>&]9N/&7PS\5>'?@';_&W7?#4U[<V5Q<^*(-(71)6$&V0
M1S92=G*;E8J3$T"LNUB#7:_L]ZIX[\0:/XHUKXA>"]0\`:UJ6M>=#H-[XC@U
MJ*"!;.UB5K>2%56&)FBD8Q')\PROG$@`]5HHHHHHHHHHHJI>ZM8Z=<V%O=WM
MO:W%_,;:SBFE5&N91&\ICC!.781Q2/M&3MC<]%)'/_$O4K/2O#EG-?:K_8T+
M:UI,"W&VX;?))J-O''#BWD1_WKNL62QC'F9E62(.C=7111117A7CRXA_9Z^*
M$_Q&DGM[+X?>+9K>U\:7FJ:K(D.DWJHEMI^H0Q,"BK*?*M+@@K@"TE.U89F/
MNM%%%%<5\4/@IX"^-6E#3_'7A#1_%-ND,]O`^I6B236JS*%D,$N-\+$*OSQL
MK`JI!!4$>?\`B3]FWQ%86VI3?#/XS>./`>I7<,$035[P>*;%6CD9C)Y6I^=*
MK,DC(1%/&IVQDJVS!^(/VH_C1^W+X$^.WB;0O!H\0:[X;M?LOV34/"WP[#:=
M+NM8G?RC+'=/P[.K9G?Y@V-HPB_H3')\8=?TJXCDM_`_@74HYHF@N%N+SQ+#
M/%MD\Q&CV:<8F#>458/("-X*C@UQ7CKX#?$_XM_8=)\9?%3P_P#\(9\_]IZ%
MH7@&U_XF?W6A\QM2GOXU\N5$<8BY^;/.UDY7P!_P3N\(?#;_`(2--$^(_P`4
M-.M-;^TS-8:3XD&D6=I>3;<WD%O816\2RH$"JK*T04!3&0J@<_K?_!/&[U'5
M;8WOQ4UCXCZ%:S6U_;Z1\76U#Q%#;7L+2_O4C@U"SA=6215,<T4O"L,[793U
M7AOP[XE^"?C+3;[P_P#LI^![6WOX9[;4-8^&>MV"7UK$`KK&R7=I8"19)`GR
MK*0/++'E4#>E^)OVEO!G@+R1XRC\0>#O^/1;NZU;P_>_V=827'EA(Y]2BB>Q
M7#RHC.+@QJV07X-=KX*^(7A7XE:5+J?A#Q-H_BK38IC;27FB7\5Y"DH56,9>
M-F`8*Z';G.&![BN@KS3]H2[U'0OAIJ7B6T\7ZQX.TWPU#<ZYJ\V@6%E=7UY9
M06D[M;P_;$>)&+^6^XJ<^44RN\LO%6>O?$/1_CMX,\%7'BS_`(2*PL]%TJ?Q
M#<1Z.(O.D-KK4<LTH2)A;_:[B&TD0*_EI]@FC9HVFA2Z^@*\*C_8V\!>&?$U
MQXC^',VL?"#7;N:*6\F\#W26UI>+'!)"D<NGS)+9,H$C,#Y&X/\`.&#%BQI.
MN_'CX:QV5AXC\,Z/\8M-29+=M?\`"MW%H^KO$+4$S3:==LML6-PC*QBO%&V5
M66)=I6NU^'OQ[\"?%#7=4T'0==_XJ32^;WP_JEG/INJ6Z;8G$KV=TD<XB(GB
MQ)LV'>`&)XKT"BBBBBBBBLGQ3XLT/P-H5UK?B36=/\/Z+:[?M&HZI=);6\.Y
M@B[Y'(5<LRJ,GDL!U->:Z3\5?%7QCTJRU#X8Z1;Z;X8OX4N;7QIXOMI5AN8G
M4,DEIIBM'<3J<,A:X>T`#QRQ?:$.#J^$OV?O"OASQD/&VJ+<>,_B"(5MAXN\
M1B*:^BB42JL=NL<:0VB[)Y%9;:*(2;BTF]BS'TNBBO'_`!3\>+[X;>(=7O/'
MOARW\(?#6RTR_P!1'BZXU)IV0VUQ;0+'/!'"4C:Y-PSVZ)/)+(L>#&DA:-.U
M^%OCVW^)_@33/%%HVGM::CYKPC3-3AU&)465T56GA)B:4!0)%C9T20.BR2!0
M[=717*>.OBQX'^%_V'_A,O&7A_PE]NW_`&3^W=4@LOM&S;O\OS77=MWIG&<;
MESU%>:^"OVV/A/\`$K2I=3\(7WBCQ5IL4QMI+S1/`^N7D*2A58QEX[-@&"NA
MVYSA@>XK5\?_`!@^(FA6VK0^$_@/XH\5:E;3&*S>YUO1;"QO%$@4R"4WCRHI
M3<ZAH-Q^4,J9)75LKWXPZU;7]M=Z-X'\'7!A#6>J0ZO>>(%642)E)+0VU@2I
MC\SYA."K;/E89KRKQKK6N^$/'\47Q*_:R\+^`+=],#0^'-$TK2M%FE8RMMNR
M^J37SLI"R1X4*I*`@@J^[@/'_P`4OV7/BG;:MX.\<_$WQ1\7'T33#=:U)I-Q
MK%Q8R64<@N?M%S'HL4=@ZQ&6,&81_+L0.VY./'_^"17Q2^"O@3X9ZOI4>IZA
M8_%'5KVW_MV&]MYI(I8S>Q66G_9S&IC6+S=0A0[B)/,EE9OW2H5^G]1\">!O
MBO\`M%^(M,U34M8DN-1TR_CO=)U+PUJ.G7%[9+;IIMU9P:K(L:2Z6#<QW'V:
M#/\`I4JW*RX(6O2_@E\"_P#A5NH^)_$^MZW_`,)7\0O%GV+_`(2#Q"EI]ABO
M?L=N+:WV6JNZ0X0%VVD[I)9"-J>7''ZK11111111111111111117E7[6/_)K
M'QD_[$S6?_2&:O5:\4_:<'QBET+3K?X3W7]G_:/,34+[3]*L]1U2W<-$T+01
M7UY:VOE%5N$D9VD<;XMD?+/';_9?D^*@\`:A:_%MKBZUVTU.2*QU*^LK&RN[
MZR,43K)/!97-Q!&RRO/$`CC*11LRAF)/L%%%%%%%%%%%>?\`QT\+:IXS^'ZZ
M5H]K]HOWUK1IEE614>S2+4[662\CWD(9;=$>=%<.C/"JM'*I,;_.OA']EGQK
MX+^"EKX&TB2XT?3=.F\,6%C!::BDTT<NG^*+B[O]:2.?S((FN;=X+L1$R%2H
MA96\I%;Z*^+^B>+];T[3$\+3>'VCCO;>2YM-=\/'5MSK<0M#<1@W]HL?V=E,
MY.7?]VIC&]55^J\+6VN6FA6L7B34=/U76EW?:+S2[![&WD^8E=D+S3,F%V@Y
MD;)!/`.T<!_PCGQO_P"BA_#_`/\`"#OO_ES75>%M-\<6EY:MXD\0^']5M%LF
MCN(M+T&>Q>2Z\XE94=[V8)$(=J&(JS%P7\P`^6,KQ3HOQ3N]=NI?#?C+P?I6
MBMM^SV>J>$KJ^N(_E`;?,FIPJ^6W$8C7`(')&XY7_".?&_\`Z*'\/_\`P@[[
M_P"7-'_".?&__HH?P_\`_"#OO_ES535O`WQAU_2KW3-3\;?#?4=-O87MKJSN
M_A]>2PSQ.I5XW1M9(964D%2"""0:\_\`@AJ?Q9\$^)M3^#'C#QG;ZYKNDZ8M
M_P"'/%NL>%IF&OZ<L'ERRRRQW^UI[>\N+2.2-]DC11JQ+M=>=#[!K^B_%.Y_
MLW^Q/&7@_3_+LHX[[^T/"5U=^?=#/F2Q;-3B\J)N-L3>8RX.9&SQT"V7BH:K
MI<C:SHYTV.:[;4+<:1*)KB)F;[(D,GVG$31KM$C,D@E()58<X!%9>*A<^&VE
MUG1WMX(777$32)5:^E\L!'M6^TD6JB3<Q5Q.2I"[@1O/0445\O\`_!073/'N
MM?"CPSI_P[>WCUV[\0?9P]]<O;6RLVG7RVQ,H95CG^V&T^RN[!5O?L9R&"FN
MKEU7X@I^V#ID$VE>*)_A\_A_4K>.YACM(]%AESILL<TA%RTTD^\7<69$0X9!
M#$56YG?W6BBBBO/_`(F?L_?#3XR>>_C;P'X?\37<UDVG_;]0T^-[R*`[_DBN
M,>;%@R.RE&4JS%E(/-<_'^SK-HNJW%WX7^*OQ(\,6]S#%%-8MK<>MPLR-(1(
MIU:&\>)B),,(W16")E<C-96D_#[XVZ%X9LK+7_&7@?XOO93)<FWU[PQ)HLUY
M*DXEAD:Z@GN(H6A<1NC+9,284'RL?-7Y`^+O[>UC\+/V[_"^F?$KX;^%_#[^
M%X9-,USQ+IP77+N.*[MHIK66UN7M+>XB6'SY!(BA@R7-P!&[!"?O3X;_`!^^
M'GQ;O+BP\*^+-/U'6K7S_M>A2L;;5+/R9O)E\^RF"7$.V3"GS(U^\O9AGT"N
M?U/PSJ-_<I+!XLUC3D74X;\PVT5D5:%(U1K(^9;L?(D93(S`B8,[!947:HY_
MXQ_!'PW\=M"CT+Q=%_:&@C)DTV2UMI4=RR?O5>6)Y(91$)H1)"\;JEU*599!
M%)'Q4GP#\>^$/$UO?_#GXRZQI>A--+<7GAGQQ:/XIM)6:".)!%<33QWL2@HT
MI3[2REVX"KN5JFL?&CQ/X%_X2'5/BIX;\0>`]!L/L\J:YX4>+Q)H_DP8N)G/
MEV8OH?-0S0S//;+"B6X,<L<DBL_I?AB>T\=6UWXF\-_$6XU[P]JTUM+8OI4N
MGW-C;K;R;9X[>5("769D=)3(\C+EA&T)`(Y__A3?B[_HNWQ`_P#`'P]_\JJR
M?%.C3_!O0KKQMXT^/OC"W\+:'MO=0_M2TT-;>6-6'[I_*TQ93YAQ&%B82,7"
MH=Q6JOB'PU>^%9'BU/\`:,\<6]PDVGV[VZV7AZ2:-KZZ^R69:--)+*LL^8U<
M@+E7)(",1T'_``IOQ=_T7;X@?^`/A[_Y55:\4>"M5T[2O$.IWOQE\4>'=-$S
M:F]XT.B1PZ3:QK*TD2O+8,!`%=2SS%W`@0^8/WF_P`GXU_%JVT>?X/\`Q(\<
M1^&-4ACO(O'_`(VL=`MK%K<R0?-;::FF+>7#-&TY7SA:1GRU=9'1U+=KIO[&
M5^_CO2O'^O?&[X@:WX^L;)K:/4Y(M(-G:/)%''</8V4UC+%9^:(E!\OYRI(9
MWW.6]`_X4WXN_P"B[?$#_P``?#W_`,JJ/^%-^+O^B[?$#_P!\/?_`"JH_P"%
M-^+O^B[?$#_P!\/?_*JM6X^&GB.;0H;!/BQXPM[N/R]VJ1VFC&XDVM.QW!M/
M,7S":-3B,<6T6W:3*9?0*_$#0?VZ?^%\:Q\:M+^+>EZ?>^%/&]E:P13ZAK_]
ME?\`"/6%I>7,]G#$UK8S37DJ37L>TK`['RR\JF(2%/L#X8:G\4/%/@G2(M#^
M.>H:=XD\77MKK&H^+M.^!NLSIJ4\MM%;H3<W"K9BV$4=LJS)!`"D"2-M+2%N
MUU.W^-X\&I#>^'_C1X_U=885N=+N==\)>%K&^E!7>XN]-F-[:J#F15CE8G:L
M;LR,^2+]F;6_&5SX;\1>+/@;X7\0:E80O+:Z9X\^+^N:^M@T\8$L;0W-C<6Y
M;A0Q7>NZ-65CM5J]*T#X+?$OPGX5U+2/!.M_"_X56FI>9/\`8?#/@&27[!/(
M@7>LOVZ&*YEC"H!,]L@D\M2T2CY!;\%?`[XL6&E2Q^+_`-H_Q1KFI&8M'<:)
MX:T/385BVKA#')9W!+;@YW;P""!M&"3T'_#.ND:A_I&N^+_B!KVJO_KM0_X3
M+4=,\W'"_P"C:?+;6L>%"K^[A3=MW-N=F9N4\"_L!_L\_#O[=_97PG\/W?VS
M9YG]NQ/J^W9NQY?VQI?+^\<[-N["YSM7'M7A;PGH?@;0K71/#>C:?X?T6UW?
M9].TNU2VMX=S%VV1H`JY9F8X')8GJ:J^/_`'AWXI^#=6\)^+-)M]<\/:K";>
M\L;D';(N00000596"LKJ0RLJLI!`(^5=<_X)9_".Q\0Z7K_P\AN/AUKNDPR7
M&FW]M/<:@UOJB7%M-97A2YF='6$P3(T++MD6Y;YD9$8?55EX;OK'QE?ZR-:N
M+JQOH1')IUWN9;<H$$(MMK*D:Y-RTA:-Y9&F0&58X(XQT%%5-6TR'6M*O=/N
M'N([>[A>WD>TN9+:9592I*2QLKQM@\.C!E."""`:MT44444444444444445Q
M7QO\,0^-O@OX^\.W%W<6%OJ_A_4-/DNK2QDOIH5EMI(RZ6\?SS,`V1&GS.0%
M')%=K7R5_P`%#$\!0^#?#=WX[^(=Q\/D$TUOIMS?>#D\3Z++<,8F8W-G+:S1
M^>(HY1"^^*0"2XVEU\Q3J_\`!/2V\!1?!?6I_`/C>W\?V]UX@FEU35K'PRGA
MVT%Z+:V3RX+!(HUB40);$E0VYVD<MEBJ_4%%%%%%%%%%%%%%%%%%%%%>:?&_
MX7WWCK2M,USPJ='T_P")GAB9K[PQK6L6K3PV\K+LGMY=A#^1<PEX)-N2H=9%
M!DBC(UOA#\4+'XL^#8]6@%O::O:32:;KNCPW2W+:/JD)V7=C(X`#-%)E=X`5
MUV2+E'4GM:***************Y_QK\/?"OQ*TJ+3/%_AG1_%6FQ3"YCL];L(
MKR%)0K*)`DBL`P5W&[&<,1W->5:G^S'?>%?!J:-\'OB7XH^%MQ!##;6PN;AO
M$EC'%&5"1BVU)IC$J1AU5;>2$?,I?S!&BC5O?%WQE\%7-A%J'@+1_B/IIF,5
MSJGA#5%TV^VF-W60:;?,(E57"1$?;W8Y\P*,F-23]K#X;:+JMOI/B_6+CX<:
MO-#+*+;QQ8S:/"S1-&LT<5Y.JVMRR-*@)MYI58'<C,GS5[!17FGBW]G+X?>,
M_&1\7W6BW&E^+'A:VGU[PYJEWHM]=Q,(AY=Q/92Q/.H$$(592P78-N*Y^ZT;
MXU?#&SUN]T?7=/\`C1:?-/9:'XDCAT/5$Q"N8UO[6+[-+F2-]L;VL7^ORTX$
M>&P/B?\`$3P%\8+'2_A9X]^T?#S7=9U/3KU/#WCC34\G5%M-2L[AK.*<.UE>
M-,/*C,<$\K*+CYDW(\8\*\%>,_V6M=\2^'O`'ASXHZ?;:KX>\3:AKS-HUG?:
M;8265IJ5YK4=HTJ%;&2VM7!*2S>;&(UG,`B><2)]%>&_VAM6^.EMIM]\%M!M
M]=\'WL,XE\>>(VN-.L;:9)%CV6]F\0N+YES([`>1"?*,8N0^X1ZOA?\`9MTD
MZKX>\2_$;5;CXL^.]$A5+/7?$-K;QPV,FZ*1Y+.RA18+=O-A5UEVM<`80S,J
MJ![!117%?%#XU^`O@KI0U#QUXOT?PM;O#/<0)J5VD<UTL*AI!!%G?,P#+\D:
MLQ+*`"6`/G_B3]I+Q%?VVI0_#/X,^./'FI6D,$H?5[,>%K%FDD93'YNI^3*S
M*D;.3%!(HW1@LN_(M3>'?CWXT^V+?^+O!_PSL)+V#RK?PSIDNMZBEJGE-+MO
MKLPP++(1,@W6+JBLI^=AD?-?B;X(Z7^U#J-[XR\17WC#XF?!WP;]MOHWAUUK
M_P#X6+/';SP$6=C9R6T-C+9SQ20QM#"HN]^[<P=I'Y_X9_\`!/R']E;]H;X?
M:KX0U/QQK;I#:)J3PRR06.N,\VV]626V51806BQQ7OD7<DJWF4MTW,CEOT?H
MHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHK)\6:=JFL>%=9L-$U?_A']:NK*:"QU
M?[,MS]AG9"L<_DOA9-C$-L;AMN#P:UJ\4_:-U#XGZ#J/@;6_AY\/-/\`B9#I
M=[<SWFCR:K:Z;>1S/;M#!-%/<Q.BQ!);I7$928L\(#&(SHY^RU;_`!RTKPKK
M&C_'2;P_K&M:?>A-/\1Z%-C^U('19"TD(AC6/RV<Q!@J%MC9C`42S>UT4444
M44444445D^)OL?\`9T/V[^T/)^VVFW^S/M'F^9]HC\O=]G^?RM^WS,_N_+W^
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M"_`9XT5U)]5\+>+-#\<Z%:ZWX;UG3_$&BW6[[/J.EW27-O-M8HVR1"5;#*RG
M!X*D=17A?[77CZ^T%O#?A272;?4/"?B/3/$;:Y'?WK6%MJ45OH]PZ:4UYY12
MT:<NT_VAY80D=A-\S9VGX?\`V5OV#K?X._M>^`VO-;_X3'5=$UK7?[5TB?1H
M8K?3H+*VC:TO3,]R^^63^TM&N(XXD<QFX.YU>!J_6JBO'_#?[6'PV\?^)M:\
M.>!=8N/B%KNE0^;/#X7L9KNT+-`\T<?]H;19(T@C95,DZ*7!0L&!`++Q=\9?
M&MS?Q:?X"T?X<::)A%;:IXOU1=2OMHC1VD.FV+&)E9R\0'V]&&/,*G`C8TSX
M&>(M;MG_`.%A?%3Q1XI>2::X^PZ!*/#5C;LTC&(0FQ*WFV.-O+V37<RMR[`L
M$*=!\'/@#\//V?\`0I-(^'WA/3_#-I-C[1);J7N+G#.R^=.Y:6;:99-N]FVA
ML+@<5Z!7S4_B.X_;(UV_T/15_P",?;3[38:WKD<\T+^,9]KQ-:6$L+HZV,3G
M,MRK8G>/R4W1><6^E:*********************************Y_P"(4LT'
M@#Q++;^)+?P=<)IERT?B.[CCDATIA$V+MTD(1EB/[PAR%(4@D#-=!7R_^VW^
MT^W[/UMX8TR#Q?H_@&^UN&\O[37=<TBZU2VFELI+0C3WAM@7C6Y%P0]P`QCC
MCD"H9'1TZO\`8\^,K?';X::EXHE\>:/X\N&U/[/.^@:'=:58Z7*MI;&2SA6Z
M_?3*'9I?.?!;SR-J!0B^ZT4444444445Y_\`'?XA:I\,/AG>ZYHFE_VSK3WN
MGZ78V?RG=/>7L%G&VUY(E?:UP'V-+$'V[3+$&\Q?'[OX_P"HW]WI`T'5-84^
M')O#=AJL6KQV1.IS:CKTVB7L5XD4`"3VLEE<,LEI*D+ROD"2)5#^P?%_XNZ1
M\)M.TR;5;G4+'[=>V\$=Q:^&=1UF(YN(8S"PLT;RI9O-$41=AF212%EVLAU=
M$^)>D:_IT=]:V?B"*&3[/A;WPYJ-I*/.N'MTS'+`KC#QL7R/W<965]L3JYZ#
M5M3AT72KW4+A+B2WM(7N)$M+:2YF954L0D4:L\C8'"(I9C@`$D"JG_"36?\`
MPE7_``CWDZA]O^Q?;_._LVX^Q^7OV;?M?E^1YN>?)W^9M^;;MYHT#Q-9^)?[
M2^R0ZA#_`&?>R6$W]H:;<6>Z1,;FB\Z-/.B.1MFCW1MSM8X-:U%%%%>%?"&X
MA^!7C*/X+:A/;VGAZ6&2Z^'DUYJLEU>7ME&-]YI[>:,[K)I$$8W'=:R0@;C;
MSM7NM%%%%%%%%%%%%%%%%%%<IK_C+5]&\*Z;JUIX$\0:[?W7E^=H6GSZ<MY9
M[D+-YK37<<!V$!&\N5_F(V[ERPJ^)_'^NZ!;6DMC\-?%'B1YIKF)X=+N=*1H
M%BDV1R/]HO8@5F7]X@4LP7B18V^6N?\`^%R>+O\`HA/Q`_\``[P]_P#+6O*O
M'7@#P]\1/'=CXVU7]F/X@6GC.SW^7XCT+7='TC46WQ+"?,N+/6HI)/W2B,;V
M;:I91@,P.3HFI?M"_#KRXO#N@?$#QKHMM96\,>D_$.#PU/>2/#O!5=3L]6@9
M/-4QJTLT%TZLGF8D)9#X!I'_``54^)^I_M-7?@2+X1:>;ML^'5\'WGBNUMWB
MUF"XF$CIJ+Q+$?,&(?)(8,\47EOERLGT5)XE_:*\5ZK;WFM>'?''@[35AE;^
MQO`]AX6,RRNT91);W4-4N1.L2K(@:.VMC(7WE4P$%O1/`'A[1O%4?B>;]F/X
M@>(_$D/V?[-K'BW7='UZ\L_(=Y(?LTU]K4SV^UY'?]T5^8@G)`QZK_PN3Q=_
MT0GX@?\`@=X>_P#EK1_PN3Q=_P!$)^('_@=X>_\`EK1_PN3Q=_T0GX@?^!WA
M[_Y:T?\`"Y/%W_1"?B!_X'>'O_EK7A7Q0\<?$3]I751X4LOA3XXT_P"$%K-/
M9^+'TO4]%CU+7+B-@KZ7'*-25([3)9+B6&5Y&9);;]T4E->U:3\3O$&@:59:
M9IG[/OCC3M-LH4MK6SM+GPY%#!$BA4C1%U4!550`%`````KH/#GQ+\1ZW>-#
M>_"?QAX?C'EXN-1N]&=&W31QM@0:A*WR*[2ME?N1.%W.41^JUO6;S2O,^RZ%
MJ&L[;*XNA]BDMUWR1[-EL/-E3][+O;83B,>6V]X\KN/"VLWGB#0K6_O]"U#P
MS=S;M^EZI);O<088J-YMY98CN`##;(W##.#D#6HHHHHHHHJIJTE]#I5[)IEO
M;WFI)"[6MO=W#00RRA3L1Y%1RBEL`L$<@$D*V,$U.2^BMD;3[>WNK@S0JR7-
MPT*B(R*)7#*CDLL9=E7`#,JJ60,77E3JWQ%^TZ.H\*^%S;RS1KJ;GQ+<[K:(
MQP&1X5_L_$S"1KE0K&(,L43%E,K)%VM%%%%%%%%%%%%%%%%%%5-6DOH=*O9-
M,M[>\U)(7:UM[NX:"&64*=B/(J.44M@%@CD`DA6Q@VZ^7_VS-/\`C@=5\):G
M\%]%UC6;ZWTS5[:1M-\16NFPV-[*UG]DN9[>ZW0WJJD=VGE/&V!*S*T4@1QZ
M!^S+/\0;_P`):W?_`!*\-:QX4\0W6IH5L-8\0VFL%HH[&TA$T3VD444*R/%(
M[0J@`E:9P%$@4>P44444444445D^*?">A^.="NM$\2:-I_B#1;K;]HT[5+5+
MFWFVL'7?&X*MAE5AD<%0>HHTWPGH>C?V5]@T;3['^R;)M-T_[-:I']CM3Y>;
M>'`'EQ'R(<HN%_=1\?*,<!^TM_R3K2/^QS\)_P#J0Z=7JM%%%%%%%%<5\7OA
MS-\3O!LFFZ?KEQX4\0VLT=_HWB.S@CFGTN]C/R2JD@(964O%)'QYD,TT1($A
MH^$/Q&F^)W@V/4M0T.X\*>(;6:2PUGPY>3QS3Z7>QGYXF>,D,K*4ECDX\R&:
M&4`"05VM%%%%%%%%%%%%%%%%%%%%%%%%%%%%>%:M\4+[XS_%"]^'/@47#>%=
M#F>W\<>,K*Z:W%K*$)&DV,R@EKMF*>?)&5-M$6"NEP\9C]JTG2;'0-*LM,TR
MRM].TVRA2VM;.TB6*&")%"I&B*`%55``4````"K=%%%%%%%%%%%%%%%%%%%%
M%%%%%%%%%%%%%%%%?.O[8?[+VK?M6:5H?AAM:T?2_"=M#>W%T-2L+B[F3466
M*.SN8%AN+<[HHWO?]9(T9,B[H9>&C]5^$_AGQKX5\/3VOCOQO;^/-7:9&BU&
MVT5-*6.);>&/88DDD#,TD<LS-N`W3LJJB*JCM:************XKXO>))O"G
MA2PO8-2N-*>7Q!H=@9[:TCNF9;C5;6W:(I(R@+(LIC:0'=&LC.H9E53VM%%%
M%%%%%%?/_P`<4N/@)XJ/QK\/6&GKHLWV:S^(MLEC,]U>::CK'#J2-"KL9;!9
M)G8%#YENT@9@88=OT!1111111111111111111111111117S_`/%+Q3XO^,?C
MO4_A+\/;K4/"FF:;Y2>-/'\49BET])8DE73M,9AA[Z6&2-VG`*6T<BM\TK(J
M^P>`/`'AWX6>#=)\)^$])M]#\/:5"+>SL;8';&N2222269F+,SL2S,S,Q)))
MZ"BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBJFK:9#K6E7NGW#W$=O=PO;R
M/:7,EM,JLI4E)8V5XVP>'1@RG!!!`-6Z^7_VOO%FL^#O&7@V]TGQ-X'\+W#>
M'_$,&GZCX\\2P:5;6&J2"QCMKZ"*2*8W$\,;W2@",*(YY4:1!+MD]+_9[O+C
MQ)H_BCQ?,/![Q^*-:_M""Z\%:[-K-G<I%9VMF7>ZDCC5I0UHZ$11HBJB`@N'
M9O5:***********XK1OC1X*\06VAW%EX@MWM]:TRSUBSEE1XE-K=R1Q6;2%U
M`B:XDD"11R;7E99`BL8I`M3XX6MQ=^"]-2UT3_A()!XF\/2&TV3/Y:+K-DSW
M&(F5OW"AI\D[!Y67#(&4^@44444444445X5\(;B'X%>,H_@MJ$]O:>'I89+K
MX>37FJR75Y>V48WWFGMYHSNLFD01C<=UK)"!N-O.U>ZT4444444444444444
M444444445XI\2/B'K_C#XCV_PN^'=]]DO[?R+GQ=XITZYM);CPI`Y\ZV0VMQ
M&Z32WB07$2\,8`Z3,C*R!O2_`'@#P[\+/!ND^$_">DV^A^'M*A%O9V-L#MC7
M)))))+,S%F9V)9F9F8DDD]!1111111111111111111111111111111111111
M17*>.M-\<:A]A_X0WQ#X?T'9O^U_V[H,^I^;G;L\ORKVV\O&'SG?NW+C;M.Z
MK\,8/%5K'XCA\7^);?Q+J2:F!&]CX>ET>TM8C:VY$,"R2S&==Q>0S>:XWRR1
MY7RBB]K11111111117/^//"<WC;PS/I-OX@UCPM</-;W$>K:#+''=PM#.DP"
MF2.1&5C'L='1E=&=2"&-?.O@C]E+Q?X6\.>`M$N]>T_58[71?"6GZW?SR%9;
M-]!U&34(DM(T@1;B*5IC;`R&%XHXDD8W#LRU]/ZG937]LD4%_<:<ZS0RF:V6
M,LRI(KM&?,1AMD53&Q`#!78JR-M86Z**********\_\`CC\([?XT>!#HO]H?
MV'K5E>VVKZ'KR6<-U+I.I6TJRV]RD<JE6PR[67C?&\B;E#DT?!3XL_\`"W/"
MMU=WF@:AX2\2:1>OI.O>'=37,NFWZ)'(\2R@;)XF26*2.:/*R1RHPP257T"B
MBBBBBBBLFW\,V=KKLVKI-J#7<WF;HY-2N'MQO6!3M@:0Q+Q;1XPHVEI2N#-*
M7MV6F0V%S?SQ/<,][,+B437,DJJPC2/$:NQ$2[8U.Q`JEB[XW.S&I?>&;/4;
MR6ZEFU!))?LNY8-2N(4'V>9IH\(D@5<LQ$F`/-3$<F]`%!_PC-G_`,(K_P`(
M]YVH?8/L7V#SO[2N/MGE[-F[[7YGG^;CGSM_F;OFW;N:$\,V<>A6&D";4#:6
M/V;RI&U*X-PWD,C)YDYD\V7)C7?YC-YH+"3>'8&WIFF0Z3;/!`]PZ/--<$W-
MS).VZ21I&`:1F(4,Y"H#M10J*%55496F>!].TFY>>"YUAW?4YM7(N=;O9U\Z
M2-HV0+)*P$`5R5MP/)1@KJBLJL.?OO@?X<U&SEM9=2\8)'+]EW-!XUUF%Q]G
MA:&/#I=AERK$R8(\U\22;W`8&G?`_P`.:7H6KZ1#J7C![35/)^T27'C769[A
M/*8LODSO=F6#)/S>4R;QP^X#%:N@?#32/#7BK4O$-I>>()K_`%#S/.AU#Q'J
M-Y9KO<.WE6DT[P0X(`7RT7:N57"DBJLOPAT*:V\20-?^*`FOS)<7A3Q9JJM$
MRR&0"U87.;1=S$%+<QJ5PA!4!0:'\(="\/:KH^H6M_XHEN-*ADM[=+[Q9JMW
M"ZNTC$SQ37+)<-F9\/,KLH$84@1QA=74/`^G:GI1T^:YUA+<S75QOM];O89M
MUPLRR#S4E#[0+B3RTW;8BL1C"&*(IJZ3ID.BZ59:?;O<26]I"EO&]W<R7,S*
MJA07ED9GD;`Y=V+,<DDDDU;KPKXO?%[Q%KWC*3X1_".2W?Q^\,<VN>([B$3V
M/@ZRD'R7$Z=);N1<FWM"?FQYDFV)?G]*^%OPWTOX2>!-,\*Z1<:A>VEEYLCW
MNK7;75Y>3RRO-/<3RMR\LLTDDC'@;G.`HP!U=%%%%%%%%%9-UX3T.]L];M+C
M1M/N+37-W]JP2VJ,FH;H5@;SU(Q+F&-(SOSE$5>@`KE?^&>OA9_PE7_"3_\`
M"M/!_P#PDGVW^TO[8_L&U^V?:M_F?:/.\O?YN_Y]^=V[G.:RO^&3O@A_T1OX
M?_\`A+V/_P`:H_X9.^"'_1&_A_\`^$O8_P#QJK6I_LR?![6KE+C4/A1X'O[A
M(8;99;GPY9R,L44:Q11@M&2%2-$15Z*JJ!@`"JO_``R=\$/^B-_#_P#\)>Q_
M^-4?\,G?!#_HC?P__P#"7L?_`(U1_P`,G?!#_HC?P_\`_"7L?_C5=`OP0^'2
M:5I>F+X!\+C3=*AN[;3[,:-;>39Q72LMW'"FS$:S*S"15`#AB&SFNJTG2;'0
M-*LM,TRRM].TVRA2VM;.TB6*&")%"I&B*`%55``4````"K=%%%%%%%%%%%%%
M%%%%%%?-7[:WA3X>)H6@>/OB#\6O&'P@M/#_`-HTVWU3P=JILKB[^V-`S6Y"
M0RRS<VD;[$'`C=V&$RMO]A>XFO\`X1ZQ>B?XD76FS^(+M+&?XJZK'>ZTRPI%
M;SJZ(/\`1E2YAN8Q`Q+`QLYQY@4?15%%%%%%%%%%%%%%%%%%%%%%%%%?.O[2
M6F>(OA3XRTKX^>&'N+W3?#>F36GCGPU!<B-M8T2,22I-$)6\KS[)Y)YU7"/*
MLDL?FKD(_O\`I.K6.OZ59:GIE[;ZCIM["ES:WEI*LL,\3J&21'4D,K*00P)!
M!!%6Z*********^2M3^%?@^.3X]:GX;\"ZQ;7EW";.\M]-LM7LI-9EDNI[F>
M[G^TPFVOU%Q+,-D-O>G[-&T8%S'=)9#VK]G73VT_X56K2BX^T7NIZKJ4[W.G
MW6GM)+<ZC<W$CBUNHHYH%9Y698G#%%95\V<`32>ET444444445Y5\:_%/B^[
M^R^!_AC=:?:^.-4V/=ZO?1F>+PWIK>8K:B\.-LLI:,QP0.R^;)O;YH[>?;T'
MPA^$/AWX)>#8_#OAV.X='FDO;_4]0F,]]JE[(<S7EW,>99Y&Y9SZ!5"JJJ.U
MHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHKE/BEXU_X5WX$U/Q#]H\
M/VGV/ROWWBG6?[(TY=\J)^]N_*E\O[V%^1MS%5XW9'%?LJ^,OAM\0?A'9^(O
MA1I5QH?@_4)FECTQ]/FL8+6;8@FC@A8")55P0YMLPM,)V#,YD8^P44444444
M44445S_Q"\6P^`/`'B7Q/<&W6WT33+G4I#=R21PA88FD.]HXY75<+R4CD8#.
M$8X4]!1111111111117S5\%M$_X95^(]O\&4CU"3X9:_YU[X#NWLO,33KHFX
MN;_1YKE7+-A5-S`\R!F0SH9)&B&?I6BBBBBBN4\=?%CP/\+_`+#_`,)EXR\/
M^$OMV_[)_;NJ067VC9MW^7YKKNV[TSC.-RYZBN*TG]IG1O&FE65]X%\(^./'
M*7<*7<)M/#L^EPR6KJ"LZ7.J?9+>13N3"QRL[!PRJ55V6IX6\5_'OQOH5K+?
M^`/!_P`+KNZW;WU3Q%+K]Q8[6.-]I;P013;PHQMO%VB0,=Q4Q'Y+^-__``3$
M^+/QH^/.F?$/4_CS;RWS3-*^I0:/-93:$L7SV<>G0)<."JR$\F:-E.9"TLC,
M3]:>%O!GQ[\)Z%:V]_\`%#P?X]N[3=(\FJ>#I=-N-0^8L(GGM[XQ09!$8E6U
MDV`!C'*00QJ/Q-^-7AW7=(BO_@EI_B#1;KSOMEYX.\:0W-Q9;5!CS#?V]BK[
MV('RR<!7)Y"JVM_PT'9Z5^Z\3^!/B!X7OV^9+/\`X1BXUG?'T$GG:4+R!<D,
M-C2+(-N2@5D9JG@#]L#X)?$^VTF3P[\4O"]U<:K,+:RT^YU&.TOII3(8UC%K
M,4F#,XPJE`6RI7(8$^P444445YI\1OB]#H7C+0_AWX=DM[WXB^((9+FUM9H9
M)X-,LHP?,U&]6/!6!6'EHI9//F9(E>,%Y8NK\%>"K'P-I4MK:RW%]>7<QN]1
MU6^97N]1NF55:>=E506*HBA554C1(XXU2.-$7H**********************
M********************R=?\)Z'XK_LW^V]&T_6?[-O8]2L?[0M4G^RW4>?+
MN(MX.R5=QVNN&&3@\UK444444444445D^*=&O/$&A75A8:[J'AF[FV[-4TN.
MW>X@PP8[!<12Q'<`5.Z-N&.,'!'S!XI^)OQP\`?!G2+C5]/N-3^(ND:9X4-W
M';):V=CKVHZEK45M<Z>9&26..>**#R6FBE$?_$P:3RHP(=GL'[6/_)K'QD_[
M$S6?_2&:O5:*********R?%.LWGA_0KJ_L-"U#Q-=P[=FEZ7);I<3Y8*=AN)
M8HAM!+'=(O"G&3@'`O?'^NVO@VPUJ+X:^*+S4KF8Q2^'(;G2A?6J@O\`O)'>
M]6W*G8IPDSM^\3Y1AMM2;XE^(XOMFWX3^,)O(LH+J/9=Z-_I$C^5OMDSJ`Q+
M'YC[B^V,^1)L=\Q^9X_\>?B)>_$KP;<_#;4_AGXX\,^(?$\,C:!(FN>'H+Y+
MVU*7,5W:QIK4<DK6TJ0SD(P^X-Q`)JW\(_VJ/&WBNSU#P_XD^"_B`_$GPS]G
MMO%&E^'=7T26WM9Y85FB>/SM223RI8G5UR"`=\>]VB9J]`_X7)XN_P"B$_$#
M_P`#O#W_`,M:/^%R>+O^B$_$#_P.\/?_`"UKS3QY^WQX<^&NJSZ1K_@+Q1!X
MABFM[8^';35?#MYJ[RSLBPQI80:J]Q(S^;&0JQD[6#=.:UK+]J7QSXT\&W^K
M>"/V</B1>:E!,+>&Q\7OIWAQ9&!0N29[II0H1R0ZPNK,NW(PQ4\72?M&>.=*
M\6V>G-H_PFN-.AB:PNM(LH/$\VK-M\UC9SW-S9I&Q(\AH[JT503O69@V8M76
MO@*OC/P;KD?CS7?B1X_M_)O+:/P]<ZW:Z0UW$#)&T872C9PS+<HJ%5NW8*KJ
M#Y):5:ZKX(?"WP;\+=*U/3_"'PRM_AS;P3+II=;>T6;5H;==L-TTL$LCRJ0[
M[6N&$V2Y=06R?2Z*****J:MI-CK^E7NF:G96^HZ;>PO;75G=Q++#/$ZE7C=&
M!#*RD@J0002#7C^H_L7_``5N]=TC6[#P!I_A36M)\[['J/@Z6;P_<1^:H23,
ME@\+/E<K\Q.`S@8#-G6_X41>:5^Z\,?%+X@>%[!OF>S_`+2M]9WR=#)YVJV]
MY.N0%&Q9%C&W(0,SLW/Z3X0_:(\'>&;*%?B/X'^(^I6LR-*=>\+3Z/-?Q&<&
M1&N;6ZDC@81%E1EM'&53<K99JM:C\3?C5X=UW2(K_P""6G^(-%NO.^V7G@[Q
MI#<W%EM4&/,-_;V*OO8@?+)P%<GD*K:W_#0=GI7[KQ/X$^('A>_;YDL_^$8N
M-9WQ]!)YVE"\@7)##8TBR#;DH%9&;YJ\;?\`!5GP)K7C;0O`?P>MO^$V\2>)
M?*T_3-8U**>QTNTU*XN8H+=+E7C6=HE#R2R&-?X8T4DR.T/T_P#!#X(6/P=T
MK4[BXU.X\5>-M?F6]\2^+M115N]7N@NU25'$4$:_)#;I\D2<#)+,WI=%5+*2
M^>YOUN[>W@MTF"V;PW#2--%Y:$O(I11&WF&1=H+C:J-N!8HF5XGO?%5I<VB^
M'=&T?5+=H;EKA]4U>6R:.58\VZ(J6TP=7D^5V)4QK\RK*?DJIJ^I>.(==M(M
M+\/>'[S16O1'<WEYKT]O<1VNV$F5(5LI%>7<UP/*,BKB*(^9F5EB-$U+QQ/I
MT;ZOX>\/V-^?L^^"RUZ>YB7-PZSXD:RC)V6XCD3Y!YDC-&?+51,UN]O?%26U
M@UIHVCSW#ZF8KQ)M7EC6'3_,<"XC86S&2?RQ&WD$(NYG7SB%#O4\+:EXXN[R
MU7Q)X>\/Z5:-9-)<2Z7KT]\\=UYQ"Q(CV4(>(P[7,I96#DIY9`\PU3JWQ%^T
MZ.H\*^%S;RS1KJ;GQ+<[K:(QP&1X5_L_$S"1KE0K&(,L43%E,K)%OZ_<ZY;?
MV;_8FG:?J'F7L<=]_:%^]IY%J<^9+%LAE\V5>-L3>6K9.9%QS@:9JWQ%E\//
M-J'A7PO:ZZ)IE6RMO$MS-;&(6[-$YG;3T8,TX2-E\HA8V:0,[*(FW].N=<EU
MW5XK_3M/MM%B\G^S;RWOWFN+G*DS>="846':V`NV27>.3L/RT:1<ZY->7:ZI
MIVGV=HN?LTMG?O</)^^F`WHT,83]RMN_#-\\LJ=(EDEP+'5OB+);:8UYX5\+
MP7$DT"WZ0>);F58(C),)GB8Z>IE98UMF56$8=I95+1B)7E[6JFF27TML[:A;
MV]K<":952VN&F4Q"1A$Y9D0AFC",RX(5F90SA0[6Z*******************
M********************R?%/A/0_'.A76B>)-&T_Q!HMUM^T:=JEJES;S;6#
MKOC<%6PRJPR."H/446OA/0[*ST2TM]&T^WM-#V_V5!%:HJ:?MA:!?(4#$6(9
M'C&S&$=EZ$BN`_:Q_P"36/C)_P!B9K/_`*0S5ZK11111111111535H[Z;2KV
M/3+BWL]2>%UM;B[MVGABE*G8[QJZ%U#8)4.A(!`9<Y'%>,_AYKGCW3O">FZK
MKVGI86%[8ZIK0L]+=);^ZL[BWN[<VS-<,+:+[1;@NCK.S1L4#HP\RODK_@I7
MXJ^/'PG\0^"?''P6L;BTMYX6T#5]4T>UBU"YNI9KB/[%;SVDD#@JLAD6"4;R
M)+N:,",RCS_:_"/@C]HSQ_I7A+5O'7Q.T?X:W`AEEU?PSX$\.033%G7]U&U]
M?2W2;HR%+&.':2TBAG&R0=5>_LI?#[Q'<V%SXPM]8^(5Q:S&[,7B_6[O4K&6
MZ,;QM.=.DD^Q(Q$LF%C@1(]_[M4`4#TKPMX3T/P-H5KHGAO1M/\`#^BVN[[/
MIVEVJ6UO#N8NVR-`%7+,S'`Y+$]36M1111111111111117E7_#+GPP_X7M_P
MN7_A&?\`BY/_`$&_M]U_SZ_9?]3YOD_ZGY/N>_WN:\J\;>!=<T3P3^T#'X6A
M_P"$+N[_`.(&EZSIVIQ>$WU@+_HVAR7-]!81V\INI1-'<L&5#^_1F9XRC2)[
M5^S]H]YX;^!W@/1+_P`/:AX5N](T6UTM]'U2]M[VXMOL\:P@//;GRI<B,,'4
M+N#`E(SE%]`HHHHHHHHHHHHHHHHHHHHHK)\)ZE_;/A71K_\`M73]=^U64,_]
MJ:2NVSO-R!O.@'F28B?.Y1YC_*1\S=3K4444444444444444444444444444
M444445Y5^UC_`,FL?&3_`+$S6?\`TAFKU6BBBBBBBBBBBBBBBBBBBBBBBBBB
MBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBN?\`A[XDA\9^`/#7B"WU*WUFWU73
M+:_CU*TM)+2&[66)7$J02,SQ*P;<(W9F4$`DD$UT%%%%%%%%%%%%%%%%%%%%
M%%%%%%%%%%%%%>?_`!(^.GA#X3WEO#XDU'[%#^XDO[W`^SZ3!/-]G@N+R0D"
M&*6X*PH3DL?,?'E07$D65^UC_P`FL?&3_L3-9_\`2&:O5:**************
M********************************************\T_9DU:^U_\`9M^%
M&IZG>W&HZE>^$M)N;J\NY6EFGE>SB9Y'=B2S,Q)+$DDDDUZ7111111111111
M111111111111111111117E7Q@^`MG\68M9MFO_[)M/$-E8:7X@:#[0+C4+"U
MOA<"T$D=Q&(HI(9M1@DVJ687@);$6Q\G]M#PS9^)?V6/BE]KFU"'^S_#.JW\
M/]GZE<6>Z1+&?:LODR)YT1R=T,FZ-N-RG`K6_P"&:?"/_07^('_AQ_$/_P`G
M5Y_\2]`^#WPDUWPUHGB3Q+\4$UKQ)]I_LG3M+\6^+]3N+S[.JO/LCM;B5OD5
MU8Y`XR>@..UTG]G_`,!Z_I5EJ>F>)/'&HZ;>PI<VMY:?$SQ!+#/$ZADD1UOR
M&5E((8$@@@BC5OV?/!>BZ5>ZA<:K\2)+>TA>XD2T\?>);F9E52Q"11WK/(V!
MPB*68X`!)`KG]/\`AW\*M4L_#%U;>*_B`\?B2]ETW35;Q_XF5WNHH;B::WD0
MW@:"6-;2Y#I*$9'B:-@'&VNK_P"&:?"/_07^('_AQ_$/_P`G5YI?VWP0TZV\
M`W$WC'XD-;^.X8+G0)8?&7BV5;F*:2UBBDD*7)%NK27UHFZ?RQNG0'G(%NZT
M3X+6=YK=K-XT^("3:1N$H_X3OQ21=.LRV[Q6;"[Q>RI<21V[QVQE=)Y8X642
MNJ'H/`?PE^''Q*\,P:_H&O?$B?399KBV!N_'7BBSF26"=X)HWAGNTDC9)8I$
M*LH.5-<_\</@EHO@_P`%Z;?Z1XA^(%I=S>)O#VGO)_PL/7WS!<ZS96TZ8:](
M^:&:1<]1NR""`1Z!_P`,T^$?^@O\0/\`PX_B'_Y.KS_QCH'P>\!>*G\/:WXE
M^*%O?PV4.I7<T'BWQ?<6=A:RO*B7%W=Q7#06T6;><EYG156)V8A037H'_#-/
MA'_H+_$#_P`./XA_^3JJ:G\(?!?PUMD\3SW_`,2+Q-,FAN!!;>+/$NLL["10
MH-E'<RF==Q&Y#&Z[=VX;0U&E>#?AW=6VD>&-.\4>*-03Q'IEUK.G3P>-M:N6
MNK)9+`RSQ7HNF(4,]GMVR#Y9I=GRRS[NK\>:MX:\"Z5/?ZY>ZPB:CJ=O-%;:
M=+?W=W<74:HR0VMM;EY679:EY((4V,B7#R(5:8G)\+?M(_#;QKK6D:1H?BFW
MU+4M5AL+BVMH8)MVV\LKF^M1)E/W3/;6=Q+LDVL%5-P'F1[M;P=\:/!7CR/3
MFT;Q!;ROJ4-I<V,%TCVDUW%=6K7=O)#',J/(KPQS,&4$9M[A3AH)53JM)U:Q
MU_2K+4],O;?4=-O84N;6\M)5EAGB=0R2(ZDAE92"&!((((KS_P"+&K7VG>//
M@Q;VE[<6MO?^+;BVO(H961;F(:%JTHCD`.'4211OM.1NC0]5!'I=<I-\4O#%
MMJ-Y8RZGY4UGK4'AZY9[>4107\UO%<0PO(5V+YB7$`5B=K231Q`F5U0V[WX>
M^%=1MK"WN_#.CW5O8:F=;LXIK")UMM0,CRF[C!7"3F261_-&&W2.<Y8D^?\`
MQ-^&WP2BU#3[KQO\._"^HW%W,MM;WU_X4CO5$MUJ$<:QM-Y#JC2WFH!MK,"S
M2S2<A966IIWP@^`GB#7=7\`P_"[P?)=^&?)U*XTNX\'Q16\'VU2JW$)>`12>
M8+/8SQ%N;;8Y!3`P/BM\,_V8_@CX9N_$7C3X5^!]'T*TA^T7&H+X&BN88E\^
M&`!FAMG`9I+F(*A^9AO8`K'(5/$7PV_9;\*VUW<:A\._AN+>TTS5=8GEMO"E
MI<K':Z;)'%J#$Q0,-T,DJ(T?W]VX!258#?A_9T^`D_V/;\%?!X^U7L]A'O\`
M`L2[9(O-WL^;8>7$?(?;,^(Y,Q[&;S8]VM_PR=\$/^B-_#__`,)>Q_\`C59-
MS^S3\$(/%6G:1_PI_P"%X^U65S=^7)H=BMXWE/`N8H/LY\R(>?\`/)N'EL81
MM;S<KK?\,G?!#_HC?P__`/"7L?\`XU7%6_PS_9CN]5\/Z?#\*_`\MQKVIZEH
MVGNO@:(PR7M@TZW<#2_9MD;*;6XV^8R^8(7,>\#-=K_PR=\$/^B-_#__`,)>
MQ_\`C55+W]F'X%6%S802_!CP.SWLQMXC#X.M955A&\F9&2`B)=L;#>Y52Q1,
M[G534T;]G?\`9\\0:CKUA8?"7X?W%WH=ZNGZA'_PB=HOD3M;PW(3)A`;]S<P
MME<CY\9R"!5UOX%?L[^&]5MK#4_A%X'LGN9K:VCN9?!4`M#+<-*L$9N?L_E*
MSO"4"EP=\D"'#3PB3BK/2/V5=9\('Q!H_P`)O!^K0R66FWUI9KX$AM+B\34;
MN6STX1K<V\0'VBXA=$9RJ8*R,RQ,)#J^$/AY^SCX]O-*30?@;X?O;#4/M,?]
MJ2_#I+:WM9X)IX7MY_.MD>*7?:W2D,H"&)5D*-/;+-Z!_P`,G?!#_HC?P_\`
M_"7L?_C5>::!^S)\'IOVDO'6F2?"CP.^FVWA+P]<P6;>'+,PQ2R7FM+)(J>7
MA6=88@S`9(C0'.T8]+_X9.^"'_1&_A__`.$O8_\`QJO/_AG\.?V=/B;H7@R_
M@^"/@_1+OQ=HLWB'2]+U3PGIWVA["-H%,SF%9(ER+NU8*9-V)AD`JX7H(O@A
M^S-/<^&[>+P#\)Y+CQ+"]SH<2:-IA;58EC$KR6HV9F41LKEDR`K`]#FLK5?A
M'\`M%^+F@?#^Z^`GA?[=KNF76IV.JP^#M/FL6%L\:SQ2,B%X6430G?*BQ-YB
M*LAD(2M_P7\&O@A\1?"'^A?"+P>FBZ?K6JV4=C>>&K$)'=6]V]C=2H@1E'F-
M9+\PPS(D6X`@*,KQ5J7P0^$7Q'\%>`M<\!^'_#,=Y97&N:!J\FCV,6EV\FF&
M:ZD"N#NMI;=;JYN1(Z)&OGRE9-[LIMZ#\<?`7ABYATJR\#ZQH/BZ"'^R)_"V
MEZ"EQ?6-E81V\^QVLC+!Y$%OJ<$R1QRMG[5Y4*/</Y)]*N?B%;VGQ3T[P-+I
M>H)=ZAHMSK5MJG[DV<B6\\$,T/$GFB53=0-S&$*OPY(91U=5++2;'3KF_N+2
MRM[6XOYA<WDL,2HUS*(TB$DA`R[".*--QR=L:#HH`Y_XJ_$*W^$WPX\1^,[W
M2]0UFPT&RDU"[M-+\DW!@C&Z5T$TD:'8@9R"X)"$*&8A3S^E?'O04MM??QC:
MW'PPN-"AM;N_@\7W=C"L-K=2216TYN(+B6`+)+!/&%,H?='RH#QE^KLOB%X5
MU'QE?^$+3Q-H]UXLL(1<WF@PW\3WUM$0A$DD`;>BD2QG<0!^\3^\,Y4?Q.6?
MQEXT\+P>'-8GU?PUIEGJJHAM0NJQ7(N1$MJS3@!O,M)XB)_)`90<["'K5^'O
MC6Q^)7@#PUXOTR*X@TW7],MM5M8KM569(IXEE17"LP#!7`(!(SG!/6N*UC]H
M33_#>L>(=*UKPOX@TN_TW[/]CA86<_\`:WVF\%E:>28;AQ!Y]PR)']L-ONR[
M?=@N#%D^+/VMO`_@GP7K/BS5DU"'0=#O9K+5YXQ!)+I^S63I"RRP+*9C%)-'
M<R(R(VZ.UFX$@6-O0-%^)&EZ[\1_%'@JWM]0CU7P[96%]=S7%HT5O(EV;@1"
M%VQYN/LS[F0%`3MW%UD5.KKYU_X)X:##X;_8M^%5I!#<0))ICWA6Y,A8M//+
M.S#S(83M+2$KA"NTKMDF7;-)]%4444444444444444444444444444444445
MY5^UC_R:Q\9/^Q,UG_TAFKU6O"OCC\,/'NO_`!M^$GQ`\$6WA?4D\(0ZS;W^
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MSMHHT3SXKW^SQ`[O)"T<;%@'W-&>JU+]GRSN_$MWJXTG3YK31OM=UX=T7^T;
MB)+F_N=2M=8GNKRXVLT6=0LX-D<:NL:)(3YHF6"#MO@]X!OOAKX(&C:GJUOK
M>I2ZGJ>JW5]:636<+RWM_<7CJD+2RE%5K@J`9&.%!)YKG_VEO^2=:1_V.?A/
M_P!2'3J]5KQ_Q)X2^(NF_&C7/$_A&S\+W.FZ[X?TO1I+O6]1N8YM.EM;G49#
M.+6.W872[;Y#Y?VB`L8RN]-P<>:W?[(>H:5X)\5>'_#%MX?LKNRLM/L?"^LZ
MI>7ET=4M8K;28KNRUFU4)%Y5R-$MK>1H,JT#M^Z4^8)O7],\$ZMX6^"3^&]#
M\,>%]/U)H9HTT#0+ZXT#3+59YF:2.&ZMX7EC9$D;]_'$C22*9`D&_$>5X?\`
MA5XJ\,^,OA#?2ZO;^*;?PQX2O_#6N:QJES+%?7DLPTYTO$3;*)&>33VWJ\JD
M>=NW.5PVKJ8\>^.O@DAN=!M_"OC;4887N="MO$[PK;J9E,MN=2BM'=&,.Y6D
MABW*S,(I5(2<%E\.?$6@?%6_UG1=<M[;PQKNIC7-<M)H`]S-<)IR6"6\;8PL
M#K#:3[AMD22T=<RI<XM_(/"/[+7CCP'+X/UVWUCP_KVM>#++1M(TK1Y1/86]
MW:Z=8ZM8+)/=@3,DLRZN]R52!EC,2P9D&;D^_P#PG\"_\*O^%G@WP;]N_M/_
M`(1W1;+2/MOE>5]H^SP)%YFS<VW=LSMW'&<9/6N5^,G_`"47X$_]CG<_^H]K
M->JUXIX__9CTOXG:/X\\/^(=1^U^%O&WB:QU[5]/2!HY7@MK.QA6T299`4WS
M:="[2@9\MY(U"L5F7@/`W[#2>"_#7AFP?Q)I^NW^CV4-G-<:UIU]?V^HI#IN
MKV$4,MM<ZC*B6P350QMX?+0F.<#:LR"#W7XO?#N'XL>#9/"=Y]H@TW4)HVN-
M1T_4I+&^TUH3Y]O=VCHC9GCN8K9E#%5&"Q+;?+<E\)3>'O'_`(N\>VXN-8N+
M_P`/Z?IL>AVD<:3.UE+?S#9))(B%I3?;`'**IC!+X8[<GXV?#CQ5\2K;P[:^
M'_$^CZ!8Z=J<&JWEKJ^ARZBM]+;R)-:+F*[MVC6.>-)B%;+M%&I/E^8DGE7Q
MP_8$\%?''1;73-6O;AK>PA\3W&G-<AW:TU36+U+P7@,4D0=;>02A87!5UD4,
MV4RWM>F?#MM,UI]6ANK>"^O?$$VMZJ]LMU$MZ/L364"%!<E0R0)9JQ</$[6[
M2"&.1D>+M:Y34O$/V;XI^'M"_M#R_MNBZG>_V?N_UWDSV">;CR&SL^T;<^?'
MCSO]7-G?!U=?/_BO]E+_`(3#0O#N@7OBGR-%TSQ-X@\4R26FG[+\76H-J+6K
MVLYE*V\MHVI-(DICD8R00NOE%2#E>"_V2]8\)^*M"UZ7Q/X?U>[M[VZGU5=3
MT74M0_M!)GTET=9+W5KB6*YB.C0>7,7=$^0B(&/+>U>-OAGH?CR\T+4+^#[/
MK6AWL5[INLVJ(M[:;9HI)HHIBI9(KA8A#,JD>9$[H3@\95EX%USPEJ/C75?#
MU]I]W?\`BCQ-8:O+#J<3I%;6J6^G65W&I1B7E-O9S/&Q"KYDB*PVJ23QQX%\
M2>*?'?A#5K/6/#]MHOA^]74$L]0T6YN+SSS%/;S/%<1WT,:;K:YEC4202A68
MN0QVA>*\,_LW:SH'PVT3P)<_$&XUGP]H,V@MI*7>DP)-!%I>KF]C1WB*>8SV
MT=E:%L``VIFVDRLE6M)^!?B30[SP8+;Q+X?N;#1-:N_$ETM]X?N7N)=2O9KU
M[Z2VDCOXTAB9-0N8XHY8[CRPP+-*P!KVNO*O#G_)T_Q#_P"Q,\-?^EVNUZK7
MR_XN_8<L?&G@WX7Z9>>+KBTUWX8>'[2P\(Z[8V*JUEJD)MB=0EA=W2=2;*V`
MMV`55:X!=V>-X?0/`?P>\5>#OB7)XJE\1>%VM]3TR*QUS3=*\+RV2W,L5WJ5
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M&SJ!*NV11O0LH8.F=R,HY7XU^`;[XJ_"/Q?X+T_5K?0KCQ#ID^E-J-S9->+!
M%.ACE81++$6;RV<*=X`8J2&`*GRKQW^R5-\3[;4=7\6^(M'\1^-KJ;2I89=4
M\,QW&@6BV,EWLC33'F+R++#J%ZCF:YD8//YD;1&.()U7PM^`NH_"7XB:GJ>D
M^-KB?P3J.F6L,WA*;2+*%5U&"VM+-+V.:"./RU-M91)]F2,1AF=E"C:B]!8^
M!?$D7BKQ/XDNM8\/OK5S9/I^BW-IHMS!]F@WO)$E^OVYEO\`RV92I`@*;[G8
M8Q</53X:?#GQ%\,M*^&GABVURWO_``GX8\)-H>H!H!%-?7L2V,=I<*N&**(X
M;W<OF<&9.'QN7E;_`/9V\1:])X_GUCQU;W5]KDPNM'O8-#"3:;-!="ZTMYR\
M[BX6PDCB,4,8MX7+7+S1S27#N#QK^RM8_$WP1%X9\7^(+C6;/4YA)XJ?[,J2
M:S$M^VHQ6T<VXSVT$%PSQPQ^:XCMIIH_FD9+B+H/A=^S3X,^#OC;6?$_AF3Q
M!'=ZK9)97%KJ/B"]U"WXN;BZ>4+<2N3*\UU*[,Q."SE0AEF,GJM?+_\`P3+U
M:^UK]ASX87&H7MQ?W"0WULLMS*TC+%%?W,448+$D*D:(BKT554#``%?4%%%%
M%%%%%%%%%%%%%%%%%>/V'Q0^(OC234K[P7X(\+W_`(>MM3OM*BN=>\5W-A=R
M2V=U+:7#-!%IUPBKYT$NPB5BR;&(0L46W_PD?QO_`.B>?#__`,+R^_\`E-1_
MPD?QO_Z)Y\/_`/PO+[_Y34?\)'\;_P#HGGP__P#"\OO_`)34?\)'\;_^B>?#
M_P#\+R^_^4U'_"1_&_\`Z)Y\/_\`PO+[_P"4U'_"1_&__HGGP_\`_"\OO_E-
M1_PD?QO_`.B>?#__`,+R^_\`E-1_PD?QO_Z)Y\/_`/PO+[_Y34?\)'\;_P#H
MGGP__P#"\OO_`)34?\)'\;_^B>?#_P#\+R^_^4U'_"1_&_\`Z)Y\/_\`PO+[
M_P"4U'_"1_&__HGGP_\`_"\OO_E-7*?'?4O'&H?LL?''_A,O#WA_0=G@S5OL
MG]A:]/J?FYL;C?YGFV5MY>,)C&_=N;.W:-W:QZ_\83I5Q))X%\#KJ2S1+!;K
MXTO#"\163S':3^R0596$050C!@[DLFP!^UT"YURY_M+^V].T_3_+O9(['^S[
M][OS[48\N67?#%Y4K<[HE\Q5P,2-GC6HHHHHHKRK]I;_`))UI'_8Y^$__4AT
MZO5:*******R9K;7&^V>5J.GINO8)+;?8.WE6H\KSHGQ,-\K;9]LHVJGF1YC
MD\MO,\+^.6D_$63QY\'%L_%7A>"XD\<Z@U@\_AJYE6"(Z%J9A251J"F5EC6Y
M5F4QAVEB8+&(F27M?^$<^-__`$4/X?\`_A!WW_RYH_X1SXW_`/10_A__`.$'
M??\`RYH_X1SXW_\`10_A_P#^$'??_+FC_A'/C?\`]%#^'_\`X0=]_P#+FC_A
M'/C?_P!%#^'_`/X0=]_\N:/^$<^-_P#T4/X?_P#A!WW_`,N:/^$<^-__`$4/
MX?\`_A!WW_RYH_X1SXW_`/10_A__`.$'??\`RYH_X1SXW_\`10_A_P#^$'??
M_+FO--?T#XPC]I+P+')XZ\#MJ3>$O$+07"^"[P0I$+S1?,1H_P"UB69F,15@
MZA0C@J^\%/2_^$<^-_\`T4/X?_\`A!WW_P`N:/\`A'/C?_T4/X?_`/A!WW_R
MYH_X1SXW_P#10_A__P"$'??_`"YH_P"$<^-__10_A_\`^$'??_+FC_A'/C?_
M`-%#^'__`(0=]_\`+FC_`(1SXW_]%#^'_P#X0=]_\N:/^$<^-_\`T4/X?_\`
MA!WW_P`N:/\`A'/C?_T4/X?_`/A!WW_RYH_X1SXW_P#10_A__P"$'??_`"YK
MS30-`^,)_:2\=1Q^.O`ZZDOA+P\T]PW@N\,+Q&\UKRT6/^U@596$I9B[!@Z`
M*FPE_2_^$<^-_P#T4/X?_P#A!WW_`,N:[7PW9>*K6VTU?$&LZ/J=Q'#.M\^F
MZ1+9K/*9%,#Q*]S,8E2,.KJQD+LRL&C"E&J>%M-\<6EY:MXD\0^']5M%LFCN
M(M+T&>Q>2Z\XE94=[V8)$(=J&(JS%P7\P`^6.KHHHHHKQ2V\!7_BOX@?$6ZT
M'XO>(/#OEZU!#>Z1X>T32(4M9QIEBP66:ZL)I+F5HFB?S=^`CQQ`#R:Z#4_A
M/XHO[E)8/C/XXTY%AAB,-M9Z$59DC5&D/F:8QW2,ID8`A0SL%5%VJ*O_``IO
MQ=_T7;X@?^`/A[_Y54?\*;\7?]%V^('_`(`^'O\`Y54?\*;\7?\`1=OB!_X`
M^'O_`)54?\*;\7?]%V^('_@#X>_^55'_``IOQ=_T7;X@?^`/A[_Y54?\*;\7
M?]%V^('_`(`^'O\`Y54?\*;\7?\`1=OB!_X`^'O_`)54?\*;\7?]%V^('_@#
MX>_^55>5?\$N/^3$_AE_W$__`$Z7=?55%%%%%%%%%%%%%%%%%%%%<5XG^(7P
MZ^"MM:6_B+Q-X7\!V^HS7-S;Q:I?VVG+=2M)YMQ(@=E#L9)M[L,DM+EN6R?'
M_CI_P4'^#'P:^'&H^)+#QKX?\=ZK'B&PT#PWK-O=W%W.P.Q6,;/Y,0P2TK#"
M@<!G*(W0>`/VX_@5\0?!ND^(H/B?X7T--0A$ITS7]8M;&^M6R0T<T,D@*LK`
MC(RK8#*S*58^@>"OC?\`#KXE:K+IGA#Q]X7\5:E%";F2ST36;:\F2(,JF0I&
M[$*&=!NQC+`=Q7G_`(2_:P\)75L#XCUBWT2\EA69='OK&YL]:M;B625HM,N=
M.97=+LP^3Y*+(TEZ5N)+>+RT!/06?[0NAZ]XCT?3-"A_M2&Z\9WO@JZNOM"+
M]FNK33KJ[G;RP6?Y7M&AV2")CGS5W1&-I0?M(>&-1@\.R:#I_B#Q'_PD/D_V
M2;;29;2*^\[2[G4X/)GNQ!#)OAM'4[7/ER/&LOEY)7G_`!G^V-X*\`^#;WQ1
MK&E>*+;2-+U./3]9=]'=&T=)#:F*YNE<J55H]0LI1"NZYVSD&`/#<)#Z5X/^
M)&E^--=\4Z):V^H6FJ^&KT6.I07EHRHCNOF0E)QF&7?"T4VU'9T2>(2K&[;!
MY5J?[26J>`+KQM;Z_P"'=0\:7>G^,Y/#VCZ?X*TY1>3P?V'%K`WQ3W0$DJ0F
M="8V!D9$V1`OMKU71OB1I>O>.]=\*V=OJ$EWHNV.[O?LC?8UG,4,S6_F]!*L
M-U:28;`=9_W9<Q3B+JZ*\J_:Q_Y-8^,G_8F:S_Z0S5ZK1117SK-\1?%NCZUX
MRTZ?Q%<2Z;9_%/2M#&LW-M;,VEZ==66F72VHBCB7SEFN;H6"N09(EO5F9V\A
MB>4^&?QM^*/B#3+2PGNK?Q)J&B3>'W;5-+TGRU\0Z?>>(=3TJ6_>-6<+`]A:
M0:@CP%%#?/N:`F,_6M%%>5?M+?\`).M(_P"QS\)_^I#IU>JT445Y_HOBG5+O
MX^^,O#<MUOT73_#.AZA;6WEJ/+GN+K5HYGW`;CN6U@&"2!LX`);/0>"M5\1:
MKI4I\4:!;^'M7@F,3PV.HB_M)EVJRR03&.)V7#;2)(HF#I(`K)LD?H***\J^
M,G_)1?@3_P!CG<_^H]K->JT445\?R>.<Z3\5-/\`"7Q$U#7K2SUK0?#4T-[K
M?FZH=9FU=K+46D*-YNF6UT7BME>%(A!Y%S<6EM@1&?U7]B_Q9>>-?V8/`&I:
MEK.H>(=5CLGL+_4]3NK>[EN+JVFDMIV6>W+1SQ>;"XCF#,TD81W9G9F/M=%%
M>5>(_P#DZ?X>?]B9XE_]+M"KU6BBBOC7XK>//%6G_LQW^IV>M7!O!XY\56CS
M:CK4NEVCQ0ZAK*V<%UJB3126,"RPV:1LDB"1TM[4M''<,Z?6GA.;[3X5T:7[
M9J&H>990M]LU:T^R7D^4!\R>'RXO*E;JR>7'M8D;%QM&M117E7AS_DZ?XA_]
MB9X:_P#2[7:]5HHK)\4^&;/QAH5UI%_-J%O:7&W?)I>I7&GW`VL&&R>WDCE3
ME1G:PR,@Y!(/PM\7M5^)?P^^$7P4O]-\2>,-#N]2\_4=5TF[NY)=6$%SJVGW
MZ:5;3WLV+K5[>'=:06]Q&YNH8[X;%/[I_O\`HHHKS3X3ZM?:CX\^,]O=WMQ=
M6]AXMM[:SBFE9UMHCH6DRF.,$X13)+(^T8&Z1SU8D^ET45Y5^U!I?]L_!75[
M5[CP_:6GVW39;RX\5Z1_:NEQ6J:A;O</<V^TAHA"LA+DQK'CS&E@"&9/*O"=
M]XXM]=^#][?^&/$&JQ_\(SX>73[#Q'%/>7%E=2K<Q:W/=W@1(X+Z&VDLW\ZZ
MC5I@EU;VZJ]U-CZJHHHKY5_X)<?\F)_#+_N)_P#ITNZ^JJ**************
M******J:9ID.DVSP0/<.CS37!-S<R3MNDD:1@&D9B%#.0J`[44*BA555'*_%
M[X+^"OCUX-D\*^/?#]OXBT)YH[D6\SO&T<J'Y9(Y(V5XVP67<C`E6=3E68&U
M\+?A;X8^"W@33/!O@W3/[&\-Z;YOV2R^T2S^7YDKRO\`/*S.<O(YY8XS@<`"
MNKKQ_P"*?@'PJ_Q0\#^+M>U;POI"/J=I:26_B&RBGFU>[A2\_LJ"SDGE"6\\
M4U[<S*T,;32$!0RJ&#=!J'P(\&:KXJLO$MU9:A+KUG>P7\&H?VS>B5)(7OGB
M7(FYB7^T[Y/)/[LQS>65,:(BY7@WX%_#GX;:CX:T?2FU!+O2O^)AH>E:IXGU
M"_\`LB6]O)9,]M!<W$@2)(=0,3!%"#SHLC(C(XKQO\)?V>]6OM<TWQ)KUO!J
M5G#);:VDGCJ]M;ORI]-@$L=\RW:R.LMCI$,C+,2'2T>4Y_>.;6D?&/\`9QT/
MQM=^+;3XP>#_`.WKNR.GW%Q/X^29)8/M,URJ&)[IHSLEN)O+.W,:2&-"L?R5
ME6.H_LR^*/%\3Z?\3?#^H>)-3UJZU"W2P^(LK7$VI7MHNGL\2)>9\W[/M@A"
M#]R#B$1D\VW\3_LY^(=5\;>(+/XM:/%<:K##=:_/HGQ*GM(45&M+=+@I;WJI
M;MF&SA\Y`C,"(RQ$A5N_U;]IOX/:!JM[IFI_%?P/IVI64SVUU9W?B.SBF@E1
MBKQNC2`JRL""I`(((-=!H'Q8\#^*_%6I>&-$\9>']9\2:;YGV[1]/U2">\M?
M+<1R>;"CETVNP1MP&&(!Y-<K^UC_`,FL?&3_`+$S6?\`TAFKTJ/5K&;5;C3(
M[VW?4K:&*YGLUE4S112-(L<C)G*J[0RA6(P3&X&=IQ;HHKG[;X>^%;+2M>TR
MW\,Z/!INOS7%SK%G%81+#J4LZ[9Y+A`N)6D7AV<$L.#FK6H^$]#UC7=(UN_T
M;3[W6M'\[^S=1N+5)+BQ\U0DWDR$%H]Z@*VTC<!@Y%:U%%>/_M6:G#HOPEM-
M0N$N)+>T\6^%KB1+2VDN9F5?$&GL0D4:L\C8'"(I9C@`$D"O8*J66IPW]S?P
M1)<*]E,+>4S6TD2LQC23,;.H$J[9%&]"RA@Z9W(R@U;4X=%TJ]U"X2XDM[2%
M[B1+2VDN9F55+$)%&K/(V!PB*68X`!)`HU;4X=%TJ]U"X2XDM[2%[B1+2VDN
M9F55+$)%&K/(V!PB*68X`!)`KG[SXEZ18_:?,L_$#?9_-W^3X<U&7/E_:MVW
M;`=^?L<VW;G?OM]N[[3;^;J_\)-9_P#"5?\`"/>3J'V_[%]O\[^S;C['Y>_9
MM^U^7Y'FYY\G?YFWYMNWFN5T[XX>'-4T+5]7ATWQ@EII?D_:([CP5K,%P_FL
M57R8'M!+/@CYO*5]@Y?:#FK>F?%[0M6\9/X8@L/%":DDTUN9[GPGJL%CNC#%
MB+V2V6W*G8=KB3:^5VEMRYW_`/A)K/\`X2K_`(1[R=0^W_8OM_G?V;<?8_+W
M[-OVOR_(\W//D[_,V_-MV\UXKXJ^)>D?$3XB_!?^RK/Q!:?8_&<OF?V[X<U'
M2-V_P]K>/+^V01>9]TYV;MN5SC<N?H"BBBBBBBBO*O$?_)T_P\_[$SQ+_P"E
MVA5ZK111111117E7AS_DZ?XA_P#8F>&O_2[7:]5HHHHHHHHKRKX-_P#)1?CM
M_P!CG;?^H]HU>JT54CO9GU6XM&L+B.WBABE2^9H_)F9FD#1J`Y<,@12Q9`N)
M4VLQ#A+=>::G\6/%%A<I%!\&/'&HHT,,IFMKS0@JL\:NT9\S4U.Z-F,;$`J6
M1BK.NUB2?%CQ0FE6]VOP8\<27$LTL3V*WFA>="JK&5D8G4PA5R[!0KELQ/N5
M04+U?^%R>+O^B$_$#_P.\/?_`"UH_P"%R>+O^B$_$#_P.\/?_+6C_A<GB[_H
MA/Q`_P#`[P]_\M:\J_X)<?\`)B?PR_[B?_ITNZ^JJ*******************
M**\_^-?Q[\"?L[>%;7Q)\0M=_P"$?T6ZO4T^&Y^QSW.Z=DDD5-L*.PRL4AR1
MCY>N2,ZOPM^*7ACXT^!-,\9>#=3_`+9\-ZEYOV2]^SRP>9Y<KQ/\DJJXP\;C
ME1G&1P0:ZNO/_@S\8;?XT>%;37K7PSX@\-6E]96NIV2Z[!"/M5G<)O@FCD@E
MEB.X!LQ%Q*F%+QH'C+ZOPT^)&E_%;PK!XAT:WU"'3+G;):RZA:-!]J@=$E@N
M(L\/%+#)%(I!RN\I((Y8Y(TXK1/VH/"NH_&&Y^&>I:?K'AOQ.=3N=*TU-2AB
MDAU:6WM(KV9H'MY9=BK;7%M+F<1$B=5`+K(B6]=_:$T_PU\4[OP7J7A?Q!;0
MVO\`9?G>(\6;:<O]HSO;6/RK<&X/F74;V_$'RL-S[8B)*Z!?C7X"E\3:7X=M
M_%^CWVNZGJ=WHUMI]E=I<3&]M8&GNH'6,L8VAC7+[]NTO&IPTB!LE?VB/`NK
MQZ6OA/Q#H_CV\U2:[MK*Q\-Z[ITLUS+;6K7,L<8DN$#L%\E2JDE#<1,^R,M(
MIH_QWTG7=/\`A+J%KHVL'3?B3")=,NW6W"V;-I[W\<=TOG;U9X89L&)9%#1D
M,RY4MK-\;_ATFE:IJ;>/O"XTW2H;2YU"\.LVWDV<5TJM:23/OQ&LRLIC9B`X
M8%<YKG_#/[4GPL\1^%;+6Y?'/A_0O.T6RUZYT[6=7M;>\TZUND@>%KJ,RGRL
M_:8%R3M+2H`3N7-3]I[5K'6OV4/C/<:?>V]_;IX2U^V:6VE615EBM;B*6,E2
M0&21'1EZJRL#@@BO8****\?F^/%]IUMXR;4/#EO%<>'O'.E>#U2VU)I5N8K^
M33!%=EFA4HRQZHC-#AANB91(00XY_P``_M:V_B>UN'UOPAJ'AN[LO[&LKZQ^
MUPW4MOJ5]KE[HDEOE"$>*&ZL2WG*QWQON"*1M;Z`HHKRK]I;_DG6D?\`8Y^$
M_P#U(=.KU6BBBO'T^.<UM\8?%7AC44T?3M"T*$W=SJ-WJ,<(MK**TAGN+IW+
M$%O,N[>,VY1/(BC-Q-*%N[2.3J_@]\1IOBKX('B"XT.X\-W`U/4]-DTN[GCF
MF@:SO[BT.]HR4W$V^XA&=06(#N`&/:T45Y5\9/\`DHOP)_['.Y_]1[6:]5HH
MHKY5^"7[17Q3^)NL>.O"FL:'X?T+XA6NBW>H6.@FTNF@\-W2WES;VMKK%VLC
M)+]H1;6XB:`(TL(N)`BIY+2_55%%%>5>(_\`DZ?X>?\`8F>)?_2[0J]5HHHK
MYU\#_M*Z]\7=#\`P^'-&M]%\3Z[#:ZAK-M<6-]J-IHNGW^DZC=Z==>>8[5)U
M::U@BD*-M#F6'>'VO7K_`,)_'7_"T/A9X-\9?8?[,_X2+1;+5_L7F^;]G^T0
M)+Y>_:N[;OQNVC.,X'2NKHHKRKPY_P`G3_$/_L3/#7_I=KM>JT45Y_\`'[QA
MXO\``'P:\6>(?`/A;_A-/%^GV1FT_1-Q'GOD`MM&&DV*6D\I"'DV;$(9P:^:
MOCS^US\0/"?P_P#"_BGP7!I^I0WE[KYN)_[%O3#8P66II;++J=FZK?Q6UO:M
M<M=20Q92[AMUW"*3RYOM6BBBO*O@W_R47X[?]CG;?^H]HU>JT45XI\5?B1XO
M\(?M)_`SPWI=OYO@SQ9_;MCK<LEH72*>&S2ZLRLPQY<I\BX`4G#H9?E)1603
MQ#XS\7:M\4-$T[4-0ACTWQG9:1!?:.UE%>Z58/I&F7,DD*W,$D,^)[B1G64;
MO*DE,99XXHFUOV5?'7B?XF_LX_#KQ5XRL?L/B35M%M[J[_>Q2?:<K\EU^Z54
M3STV3^6`/+\W8>5->JT45\J_\$N/^3$_AE_W$_\`TZ7=?55%%%%%%%%%%%%%
M%%%%%%%<IXZ^&FD?$3[#_:MYX@M/L>_R_P"PO$>HZ1NW[<^9]CGB\S[HQOW;
M<MC&YL_.O[4'_!/30OV@_`&G^'=,\;^*/#EQ:ZG'J#76MZYJOB*%U6*6,H+>
M[OMB,3*#Y@^8!2HX<UT'P$_8;\.?!OX3Z%X/O_%OC#6[O3?/WW^E^*M9T6WE
M\R>24;+.WOO*BP)`IV_>(+'EC7L'@KX0Z%X`U674-,O_`!1=7$L)MV36_%FJ
MZK"%+*Q(BN[F5%;*CYPH8#(!PQ!\T@_9CURRL_B]_8_CW_A#=1^(-E:,;KPE
MICV::?JJ0NEWJ212W,RB6Z9DWF+RG"1)^\,P^T5J_`7X!ZY\$]8O]OBS3[GP
MI>67EQ^$]*T5[#3M,NOMES</+8(;J7R8I/M3^9$_F,65-DD<21P)U?@WX,Z'
MX2^)GCOQW]DT^[\2>*+V.7^T_L")>6UJEE9VWV/S^7>(O9^=C*KND^[E=Q\_
M\7?LP:IXC^,OB#XHV_B[3X?%Z_V3'X1N[WP\MQ_PCD%L+A;RW)6:-KJ*[6\N
MU<,R%/-4J=T,3)E?#?\`9&U3X?0>`)U\5>'YM:\*WNE^9?67A);3^T[*RTN[
MTQ$N&%RTSW)@O7`F>9HT\J();J/,\P^"?[).N?"RZTA]5\<Z?KT.F^)D\31Q
MV6@/8YD&AS:0\(!NY4CBV-!(D<2)'%Y;1QHL31I#U5A\`]<T/PU\!]$TOQ9I
M\=I\,_LWVE[S17E?5O*TV33SL*W2"WW0W%PW(EPYB/(1EDY7PC^R3KG@^S\'
MWEOXYT^?Q3X1T71M(TJ]ET!_L1_L^'5K59)[87>^3?:ZNZE4FCQ+"LF2K&$5
M/@W^Q]K/PRN575O$?@?Q18GP_;^&+A'^'L%O<WVGQQV%NT-U=?:GEG4V]E*H
M5R5$ET697CBBA76^)/PYF^$/[!/Q$\%2:Y<>(K?0O`VMV%E?7<$<,WV)+2X%
MK$XC`5FB@\J(R`#>8RY`+$#Z*HHHKE+SX6^&-0_MC[1IGF?VOK5EXAO?](E'
MFW]I]E^S3<-\NS[!:?*N%;ROF!W-NY^W_9X\%6>H03V]C<0VZPV4<]H+IV6\
MEL]0.HV=S-(Q,KSQW4EQ*9"^9FN93/YQVE?2Z**\J_:6_P"2=:1_V.?A/_U(
M=.KU6BBBN4_X5;X8_P"$C_MW^S/^)K_;7_"0_:/M$O\`Q_\`]G?V;YVW=M_X
M]/W6W&W^+&_YJU?#7A;2_!^G36&D6OV2TFO;O4'C\QGS/<W$ES.^6)/S332-
MCH-V````-:BBO*OC)_R47X$_]CG<_P#J/:S7JM%%%<_+X#T:6Y\277D7$5]X
MAA2VO[Z"]GBN3$D9CCCBF5P\"H'D95B9`LDLLBXDD=FU=)TR'1=*LM/MWN)+
M>TA2WC>[N9+F9E50H+RR,SR-@<N[%F.2222:MT45Y5XC_P"3I_AY_P!B9XE_
M]+M"KU6BBBO/].^`G@32M"U?1;?0L:5JWDQW=I)>3R(]M$Q:*Q4,YV6*[G46
M28MPDLJ>5LED5O0****\J\.?\G3_`!#_`.Q,\-?^EVNUZK11535M,AUK2KW3
M[A[B.WNX7MY'M+F2VF564J2DL;*\;8/#HP93@@@@&N5\2?!?P5XKTK1=,O\`
MP_;KINCP_8[.SLG>TA6T*HKV3I"R"2T=8X@]JX:&011AT;8N.UHHHKRKX-_\
ME%^.W_8YVW_J/:-7?S>+-#MOMGFZSI\7V.]@TVYWW2#R+J;RO)MWR?EED^T0
M;4/S-YT>`=ZYP+?XW_#J[N8+>#Q]X7FN)YK*VABCUFV9I);R,RV4:@/DM/&"
M\2CF102N1S5JZ^+'@>RUW6]$N/&7A^WUK0[)M2U73I=4@6XT^U55=KB>,ONB
MB"R(Q=P%`=3G!%&H_P#"#ZQ9Z1\0K_\`X1^]M-'LIM2TWQ5<>1(EC:RP@S7$
M-T<B.)X0"SJP5D')(KS77/C?^S-XGTK6-,UGQ]\)]6TW69H[G4[.^UG3)H;Z
M5%C5))T9R)&58(0&8$@11@?=&.JU/]IOX/:+<I;ZA\5_`]A</##<K%<^([.-
MFBEC66*0!I`2KQNCJW1E92,@@T7O[3?P>TZVL+B[^*_@>UM[^$W-G+-XCLT6
MYB$CQ&2,F3#J)(I$W#(W1N.JD#6\%?&_X=?$K59=,\(>/O"_BK4HH3<R6>B:
MS;7DR1!E4R%(W8A0SH-V,98#N*ZJ]U:QTZYL+>[O;>UN+^8VUG%-*J-<RB-Y
M3'&"<NPCBD?:,G;&YZ*2/F#_`()<?\F)_#+_`+B?_ITNZ^JJ************
M********J:GID.K6R03O<(B30W`-M<R0-NCD6106C925+(`R$[74LC!E9E.4
MO@?3EU72]0%SK'VC39KNX@0ZW>F%VN69I!-%YNR906/EI*K+","(1@`"UJ7A
MFSU7^U?.FU!/[2LEL)_LVI7$&R,>9AH?+D7R)?WSYFBVR'$>6_=IMY7PM\#_
M``YX/UVUU>PU+QA<7=ONV1ZIXUUG4+<[E*G?!<7<D3\,<;E.#@C!`(-.\9_#
MS]H#0M7TCPWXXT_Q-:0^3]ND\'>)BEQ;98M'F>RF66'<8FZ,NX*XY&X5J^%O
M&'A#XLV=KK7A7Q1I_BBPTV]8"[\/:P)[<3^25:*4P2%),).&\N3<`3&^W<J,
M.?N+;X?>*?&4_A"/QC<3>+-)AO;FYT'3_&5W%?6\5X`99)H(KD/M`N$,+.,0
M;X_)\OY,%[;?#[3K:P^$5WXQN+75[^$W-GI4WC*[37[F(2/,9([@W/VUU!BD
M^8.1LC=/N*5%O1/&?P\T#P)'XVM?'&GR^#([*WL!XCO?$QN].,<,KPHQN)9F
MC,IED:-YBWF2,%5V8HH'H%%%%>5?M8_\FL?&3_L3-9_](9J]5HHHKE+SXI>&
M-/\`[8^T:GY?]D:U9>'KW_1Y3Y5_=_9?LT/"_-O^WVGS+E5\WYB-K;:N@?&C
MP5XEDD2R\06X>*&RFE6[1[4Q&ZNI[.WA<2JNR=KFVG@,#8E26,HZ*Q`/:US^
MI_#WPKK7@U/"&H>&='O_``FD,-LN@W-A%)8K%$5,48@92@5"B%5QA=JXQ@5E
M>+?@A\.O']R;CQ/X!\+^([@S-<F75]&MKIC*T<4329D0G<8[>!"W4K#&.B*!
MY_\`M1?#WPKJ/P9\,Z!=^&='NM"L/%OA2VL],FL(GMK:(ZU8VQCCB*[44P2R
M0[0`/+D=/NL0>@_X9.^"'_1&_A__`.$O8_\`QJC_`(9.^"'_`$1OX?\`_A+V
M/_QJC_AD[X(?]$;^'_\`X2]C_P#&JM:G^S)\'M:N4N-0^%'@>_N$AAMEEN?#
MEG(RQ11K%%&"T9(5(T1%7HJJH&``*\U^)^J_LXVOB_5[7Q[\/_#]W-H_VN.?
M6M1\')?6ZSI:2ZS>6XF$+E91;RO>,&"B4W#^6995G5/0/A-I'P_\0>%=?T32
MOASI_@^.TSX=USPK<Z791^0A0W2VLRVS26\L31Z@9@J.Z?Z7(#AVD4:NF_L]
M?"S1O[*^P?#3P?8_V3>MJ6G_`&;0;6/['='R\W$.(QY<I\B'+KAOW4?/RC'0
M:3\/?"N@>&;+PYIGAG1].\/64R7-KI-I8116D$J3BX21(E4(K+,!*&`!#@,.
M>:M6OA/0[*ST2TM]&T^WM-#V_P!E016J*FG[86@7R%`Q%B&1XQLQA'9>A(K@
M/C)_R47X$_\`8YW/_J/:S7JM%%%>*?$']J"R^%\7BJX\1^"?$&GV'A_[(9+R
M34=%5+A+J^6RM954Z@'ABE<R.)+E84"02[F5D*UZ7X`\:V/Q&\&Z3XETV*X@
ML=2A$T27*J&`R1PR,R2+D';+$SQ2+M>-Y(V5VZ"BBO*O$?\`R=/\//\`L3/$
MO_I=H5>JT445Y5X-_:=^'GQ+\*^&O$'@K6O^$LL/$.M?V#8KI\1CE^U*DDTR
MRI-Y9A\NWAFN&$FUFC0>6':2)7[_`,)^*=+\<^%=&\2:)=?;=%UBRAU"QN?+
M:/SH)4$D;[7`9<JP.&`(SR`:UJ**\J\.?\G3_$/_`+$SPU_Z7:[7JM%%5-6O
M9M.TJ]N[>PN-4N((7ECL;1HUFN6521&AD=$#,1@%W5<D98#)'S5<_MO6.@_#
MOP1>^+-'T?P-X[\5ZGK&E0:#XC\1+!IEE+IES-!>-<ZHL#(B@PJJE8V+R31(
MH*EI%^H****\J^#?_)1?CM_V.=M_ZCVC5ZK117%?&3Q]??##X=ZAXDT_2;?6
M;BTFM8V@O;UK*VABEN8HI;FXN%BE,,$$<CSR2;&"QQ.3@`D<3H7QU\9ZK9_"
MV[O?A-J&@Q^+?)BU*TU;6[*VO=+FDAGEV16[N&NO+6V:25#Y4RQ2(RQ2.L\4
M/M=%%%?*O_!+C_DQ/X9?]Q/_`-.EW7U5111111111111111111117*>.M-\<
M:A]A_P"$-\0^']!V;_M?]NZ#/J?FYV[/+\J]MO+QA\YW[MRXV[3N^:OVP/!O
M[47B#X':QX;\%:CX/\:W?B+.D:A9Z7X?.D7$%A+'()Y$FO-4EB.X`1%=A;$Q
M92I4,+?[*NA_M8#X1V>G?$G7O"_AS7=*F:Q@.OZ(VN7U]:JB&.XFN;75(D9L
MLT?*[SY(9RS.6/T!X*TGXBV&JRR>+_%7A?7--,)6.WT3PU<Z;,LNY<.9)-0N
M`5VAQMV`DD'<,$'Q_P`*>#?B?\(O"OC]?!/AK3]9\GPSI7_""Z;XD-K:WECY
M:7"G0KJZMW;[3%9X1XF=AN:[D1KELM.I^R!X5^(WPP_M3P9XE\*?8O`]O96T
MGAS7+B+3XM69(LVHM=7^RW,D<MS';0V:1S0H4>&%3(Z2?NEZ#P3\(=1?]H3X
MA^*/$$>L1Z1%X@MM<\.0--9?V;-,VAVVG2W2B/-T)T5+J%DF80[949$9QO3*
M^,OPL\6_%/Q7XC\,Z#+XH\*>'O$&F7VF^(=8U.^MK[1;^WGTJ:VA^QV;7$D\
M$\-Q-"Y$:6D<HBG,CR'RB>)N?@M\1IOC?IWQO6W\0)IEMXFN=7D^%7VG3_M4
MB2Z#!I*7.\3BV^TK)"[[7N73[/)E&CE,D4OU!\/?#=]X-\`>&M`U/6KCQ)J6
ME:9;6-UK5WN\Z_EBB5'N'W,QW2,I<Y9CECDGK70445Y_^T+X6U3QS\`OB7X;
MT2U^VZUK'AG4]/L;;S%C\Z>6UDCC3<Y"KEF`RQ`&>2!7H%%%%>5:S\"_[7_X
M2_\`XG?E?\)!XST3Q=_QZ;OL_P#9_P#97^C_`'QN\S^ROO\`&WS_`+K;/FY3
M2OV4O[.;4IG\4^==ZI>Z)JEXZZ?M0W5EXBO-=N#&OFDI%--?21(A9FB15+/,
M<Y^@***\J_:6_P"2=:1_V.?A/_U(=.KU6BBBO"OB%^R%X2^)GC?Q+KVK7^L6
MUOKFF7-K-I]AJ5RD(O;FP;39M0,+RO;F=;$K!$5A7:&E+^<6C\KU7PSX*L?"
MNM>+-3M);B2X\2ZFFJWBS,I6.5;*VLPL8"@A?+M(S@DG<SG."`.@HHKRKXR?
M\E%^!/\`V.=S_P"H]K->JT445Y5XH^!?_"3V?Q(6?6]UWXMO;*>*6>T\U+>U
MM8;<)ILZ%P;BQDFBNGEMPT:NFH72#:9&D;H/@O\`#*'X-_"_P_X,M]0N-3M]
M)A:&.:X>1@BEV<0Q>8\CK!&&\N)'DD9(HXU+N5+'M:**\J\1_P#)T_P\_P"Q
M,\2_^EVA5ZK1117S_P"$OV6KCP39V%SI_B+3[OQ)X>LM,TCPM?ZEI,TEOI]E
M80WMO;FY@CNXS=7+6^IWT<DHDBC8O&RP(8\-[!\/?!5C\-?`'AKPAIDMQ/IN
M@:9;:5:RW;*TSQ01+$C.5506*H"2`!G.`.E=!117FF@:3?0_M)>.M3DLKA--
MN?"7AZV@O&B80RRQWFM-)&KXPS(LT190<@2(3C<,^ET445X5/^QYX-'@#PUX
M-T[4M8T/0M$\):KX-,.FBTC-]9:A%"ES)/FW(\\R6\<_F1A,R[BP9693[K11
M17E7P;_Y*+\=O^QSMO\`U'M&KU6BBN4^)WP]M_BAX0DT&XU34-$_TVRU"'4=
M+\G[1;SVEW#=PN@FCDC.)8$R'1@1D8YKBO"/[->F?#Z3PE'X5\3ZQX=TWP[#
M+"FFV5AI/DW0GNOM5YO9[)I(5N)0I>*V>&)1'&(TBV+CV"BBBOE7_@EQ_P`F
M)_#+_N)_^G2[KZJHHHHHHHHHHHHHHHHHHHHKS_Q3\-/$?B#7;J_L/BQXP\,V
MDVW9I>EVFC/;P84*=AN-/EE.X@L=TC<L<8&`,K_A3?B[_HNWQ`_\`?#W_P`J
MJ/\`A3?B[_HNWQ`_\`?#W_RJJU'\)_%":5<6C?&?QQ)<2S12I?-9Z%YT*JL@
M:-0-,"%7+J6+(6S$FUE!</;3X:>(TUVPOS\6/&#VEM]F\W2VM-&^SW?E*BOY
MA&G^:/.*LS^7(F#(WE^6`H7M;*RFM;F_EEO[B\2YF$L4,RQA;51&B>7'L125
M+(TF7+MND<;@H55MT4444454U;3(=:TJ]T^X>XCM[N%[>1[2YDMIE5E*DI+&
MRO&V#PZ,&4X(((!JW111111534],AU:V2"=[A$2:&X!MKF2!MT<BR*"T;*2I
M9`&0G:ZED8,K,I\U_P"&:?"/_07^('_AQ_$/_P`G54U/]E/P'K5LEOJ%WXXO
M[=)H;E8KGXA>()%66*198I`&OB`R2(CJW5652,$`U;_X9I\(_P#07^('_AQ_
M$/\`\G4?\,T^$?\`H+_$#_PX_B'_`.3J/^&:?"/_`$%_B!_X<?Q#_P#)U'_#
M-/A'_H+_`!`_\./XA_\`DZC_`(9I\(_]!?X@?^''\0__`"=1_P`,T^$?^@O\
M0/\`PX_B'_Y.H_X9I\(_]!?X@?\`AQ_$/_R=1_PS3X1_Z"_Q`_\`#C^(?_DZ
MC_AFGPC_`-!?X@?^''\0_P#R=52]_93\!ZC<V%Q=W?CBZN+"8W-G+-\0O$#M
M;2F-XC)&3?91C'+(FX8.V1QT8@V_^&:?"/\`T%_B!_X<?Q#_`/)U'_#-/A'_
M`*"_Q`_\./XA_P#DZC_AFGPC_P!!?X@?^''\0_\`R=1_PS3X1_Z"_P`0/_#C
M^(?_`).H_P"&:?"/_07^('_AQ_$/_P`G4?\`#-/A'_H+_$#_`,./XA_^3JU=
M$^!_AS0/+^RZEXPE\N]M[\?;?&NLW>9(=^Q3YMVV8CYC;X3^[DPN]6V+C5O/
MAII%]]I\R\\0+]H\W?Y/B/48L>9]JW;=LXV8^V3;=N-FRWV[?LUOY1J_PTTC
M6]"M-(N+SQ!':6MD+".2S\1ZC;7#1AH6W//%.LLDN8$_?.QDPTHW8EE#V])\
M!Z-HVJV6IPP7%QJ5GIB:/;WE_>SW<T=JK!BH>9V.Z1EC,LF=\QBB,C/Y4>WH
M*J:MID.M:5>Z?</<1V]W"]O(]I<R6TRJRE24EC97C;!X=&#*<$$$`U;HHHHJ
MI)I-C-JMOJ<EE;OJ5M#+;07C1*9HHI&C:2-7QE5=H8BR@X)C0G.T8J3>$]#N
M?MGFZ-I\OVR]@U*YWVJ'S[J'RO)N'R/FEC^SP;7/S+Y,>"-BXRO&/PG\#_$3
M?_PE?@WP_P")M_D[_P"V=+@N]WD^;Y.?,1L[/M%QM_N^=)C&]L\K_P`,G?!#
M_HC?P_\`_"7L?_C5'_#)WP0_Z(W\/_\`PE['_P"-4?\`#)WP0_Z(W\/_`/PE
M['_XU1_PR=\$/^B-_#__`,)>Q_\`C5'_``R=\$/^B-_#_P#\)>Q_^-4?\,G?
M!#_HC?P__P#"7L?_`(U1_P`,G?!#_HC?P_\`_"7L?_C5'_#)WP0_Z(W\/_\`
MPE['_P"-4?\`#)WP0_Z(W\/_`/PE['_XU1_PR=\$/^B-_#__`,)>Q_\`C5'_
M``R=\$/^B-_#_P#\)>Q_^-5:TG]F3X/:!JMEJ>F?"CP/IVI64R7-K>6GARSB
MF@E1@R2(ZQ@JRL`0P(((!%%[^S)\'M1MK"WN_A1X'NK>PA-M9Q3>'+-UMHC(
M\ICC!CPBF261]HP-TCGJQ)J_\,G?!#_HC?P__P#"7L?_`(U7JM%%%%>5?LG?
M\FL?!O\`[$S1O_2&&O5:****************************************
M****\T^$^K7VH^//C/;W=[<75O8>+;>VLXII6=;:(Z%I,ICC!.$4R2R/M&!N
MD<]6)/I=5-6TFQU_2KW3-3LK?4=-O87MKJSNXEEAGB=2KQNC`AE9205((()!
MKS7_`(9.^"'_`$1OX?\`_A+V/_QJK6K?LR?![7]5O=3U/X4>!]1U*]F>YNKR
M[\.6<LT\KL6>1W:,EF9B26)))))KBO`OP<_9Q^)/VY_#_P`'_!]W:6NPB_G\
M`I;6=VC[MDMI<2VJQ7<3!2PD@:1"K(V[#J3U?_#)WP0_Z(W\/_\`PE['_P"-
M4?\`#)WP0_Z(W\/_`/PE['_XU1_PR=\$/^B-_#__`,)>Q_\`C5'_``R=\$/^
MB-_#_P#\)>Q_^-5RGAWX0?LT^*_'?B[P;I7PN^']UXD\)_8_[:LO^$/MD^R_
M:HC+;_.T`1]R*3\C-C&#@\5U?_#)WP0_Z(W\/_\`PE['_P"-4?\`#)WP0_Z(
MW\/_`/PE['_XU1_PR=\$/^B-_#__`,)>Q_\`C5'_``R=\$/^B-_#_P#\)>Q_
M^-5S_C7X(?LS?#72HM3\7^`?A/X5TV686T=YK>C:99PO*59A&'D106*HYVYS
MA2>QJUX6_9Z_9T\<Z%:ZWX;^&GPO\0:+=;OL^HZ7H.G7-O-M8HVR1(RK8964
MX/!4CJ*UO^&3O@A_T1OX?_\`A+V/_P`:KG_!WP*_9W\?:5IVIZ%\(O`]YINH
MZ9::Q:7C>"H(89[6Y5FA97>W4%BJ$M'G>@9"ZKO3=E?`SP_^S'\5KE]<^&W@
M3P.^I:%-:77F1^$(M.OK)I(TN;2X6.:WCE170K)%,!M;!*,=IQ:T2R_9Y\-?
M$R/P#I'@'P_I7B2/6K?8MEX(>&S758+)[Z#%XMJ+<7,=K))*G[S>JNV,%B*Z
M"]T+X)>!/%MTLGA3POI7B&TAT&VEGM_#T8F2*XODM-(C\Q(N5%S91+&H.(C;
MQ,=@5&KM?'7PG\#_`!0^P_\`"9>#?#_BW[#O^R?V[I<%[]GW[=_E^:C;=VQ,
MXQG:N>@KH-,TFQT6V>WT^RM["W>::Y:*VB6-6EED:660A0`6>1W=FZLS,3DD
MFN*\)_'OP)XY^&>C?$'1-=^V^$-8O8=/L=1^QSQ^=/+>BQC3RW02+FY81Y90
M!G<2%^:O0*R?#7BG2_&&G37^D77VNTAO;O3WD\MDQ/;7$EM.F&`/RS0R+GH=
MN02""=:BBBLG3O%FAZQKNKZ)8:SI][K6C^3_`&EIUO=))<6/FJ7A\Z,$M'O4
M%EW`;@,C(K6KG[KQYHUIXAOM",]Q-J]E#87-Q:6UE/.T<5Y<2V]O(=B$;3);
MS;FZ1K&SR;$^:JFH?%+PQI7CNR\&W6I^5XDO/(\BR^SRG?YT5]+%\X78-R:9
M?'EN/)P<%T#6_%_CS1O`L>G-J\]PCZC-+;6<%I93W<UQ+':SW;QI'"CNS>3:
MSL%`RQ0*N695)X?\?^'?$_A[POKFGZM;OIOB>&*XT:28F!KY9+=KE!''(%<L
M84>39C<%1R0-IQE7OQ>\.V7Q$L/!IDN)M2NYC9&XAA+VT%[]F>[2SDD'W9WM
MH9I]F#MC1#(4\^W$U3X1_'3PA\;K/4)O"^H^?-8?9Y+BRG`2XC@N85N+.X,>
M21%<6[QS1DX.&*.$ECEC3*^,G_)1?@3_`-CG<_\`J/:S7JM%%%%%%%%<_P##
MWP58_#7P!X:\(:9+<3Z;H&F6VE6LMVRM,\4$2Q(SE54%BJ`D@`9S@#I70444
M444444444444444444444444444444444444444445Y5\&_^2B_';_L<[;_U
M'M&KM?&OAG4?%6E16FF>+-8\'7"3"5K[1(K*2:10K`QD7=O.FTE@<A`V5&&`
MR#X5\?OV6_'WQ4^#7BSPGI7QX\8?;]5LC!'%JUMI,5G/R"89WL["&=8I`#&Q
M1_NN<K(NZ-N*_8L_8^^)GP5^`VE:!XC^+_BCPWJ4LTE\WA_04TNZM-*$NTFW
M62[M+@EMP9W\IEBWR/M#<RR?17A;X:>(_#^NVM_?_%CQAXFM(=V_2]4M-&2W
MGRI4;S;Z?%*-I(8;9%Y49R,@_-4_P'\6>`=.\&V/A_P_X?\`#7CIO,DT5M`L
MK_6=)\-ZG=W#0ZOJ%D\R11V%L+&XEG6PGE,,TRQ+%$'MV:[M^/?V*KZX^-&J
M^-?"7A#P/&EO-HM]H;ZE?-!-:RV%SI!^SP+#I_\`H<#6VG30\O=%2R^4(%EN
M$DU=<_9,U;Q>/$<7B+P=X'UN\UCQSI^LW7B#4M4N+N>]TBVUBZO(TEMI+(HL
M\5E/]@10Y#0RLC2K'$D;<KX2_8M\9>#_``;H>G+X?\#ZT_\`9GAO3_$.E:EK
MEW+;:PVF'5!(\LLUE*)5D6YT]4CF@D6&.)DB\IK:UF3VKPS\&]>TC]HO_A9S
M:)H]F^MZ9)8Z]$OB6^NA;2FWL<7%E`UND6Z1[1;>;<$+Q65G*I1C-"W%:G^R
M1<:_\=OBUXH\4^%O!_CSPAXVUKPO>VVFZS>S1RV":;:R137!06TBO+N8!8=P
M26-Y$D=59D;)^$W[*7CCX:?$#POXGUBQ\'^.KOP[X,T;1-#NKC4)].N-`NK'
M3+NUF@A:.TD-S;7,UT[M)*591)GRG,$0K[`HHKY__;6_92_X;!^%FE>#?^$I
M_P"$2^PZU%J_VW^S_MN_9!/%Y>SS8\9\_.[<?NXQSD6_V6?V68?V;/@-)\,[
MCQAK'BRWGFNY9+XRR6!MUGX,=H(Y"]JH'SY23=YKR2!E+`+[5'ID,6JW&H*]
MP;B>&*W=&N9&A"QM(RE8BVQ&)E;<ZJ&8!`Q(1`O@'P*^!7C+X=>#?&>F1)H_
MPWU+5M,2'3X_"^N7>M:+INHL;J2:]L]-O+>)+-3-<J_V9)'C81HN%VEI+7[-
M?P#USX*7AMIK3P_I_A"*RE@T+PWI\[WK^%M\RR7,,&H30)<7D5Y)_I$AE\OR
M7ABC19%PZ:OA7X`);?'OQKX_UZ#[3Y^M6^L>'9+?7[XI`_\`8\.FSF;3_EM1
M*%CF"S?O'9)\'9L7/*_$[]G[QQXY^/M]XZL;O3]-L-.LM%.D0#6IVBU2;3[J
MYN6MM1L6M6@$4IO&$=P#+-:R6T,\0+,R`LOV6KBW\;66L7.E^']2_LCQG_PD
MMM>W5U,[ZC!+<ZS<"*6W:%H[:6REUR>6&1&E,[P)N-ON4Q95M^R3KCZWK>H7
M[^'[N2;Q-I.O:;)(7=[3[-XNU;5Y64F+Y)6LM2$(*GEVE0D(=['P=_9C\<?#
M']DGX9?"BXG\/WVM:'XFL-4U6]BOIUMTM8-=&IL8,V^Z64K&D81Q&N78[\*`
MU2X_8SOK7Q&GB72;;PO9>(?[3UK6;V\BC:*;5I9/%5AK>FP7$ZP[RHALFMWD
M8.83+E$E`P:GP=_813X?_$?5]7UQ?#^N^&[W6M7O+/12;[[/I6FSF^BM]-BL
M_/%G)$8M1N7)>`>29KJ-5F%P)H?H#X'>`-<^%O@0>%=;\1ZAXQ_LZ]N?L.OZ
MS?/=ZC>VLDK31_:F=1B6/S#!\I966%'&S?Y4?H%5-6TR'6M*O=/N'N([>[A>
MWD>TN9+:9592I*2QLKQM@\.C!E."""`:\U_X9I\(_P#07^('_AQ_$/\`\G5\
M:_LS_P#!/[X]?#[XVW/B;XF?$BW\2>'M;A\K7WTCQIKUOJ=TT4++:2>;%Y!E
M:-@J`2NRK&\@"YVD?97_``S3X1_Z"_Q`_P##C^(?_DZK7C+X,0^)_B7I7CNR
MO+?0_$^E0VME::M:6TGVE[+[6)KZSN2)A'<P3Q*(XTDC/V>1GF0ERNSRKQM^
MR)XJ\6?$NP\=+\0M'.NVFIWD[-J7AB6Y6ZT\W=G>:;8RE+Z)E6RGL8I$,+1+
M(VYGC+2W!G]@^+?P<TOXQ2^#HM:DWZ5H.M-JUSIS*Q344-C=VIMI"KK^Z;[7
MET8,DB(T3HR2-70>.=`OO%'AZZTFTDT<6][#/;7D&N:6VHVUQ%);RH(WA$T0
M9?,:-G4DAXUDC^4N)$XI/@E>0?$S7?$$7B?S_#>NZUI^O:AX8U#2K>YB:ZM;
M)K8-%,0'CR\&E7"GYFCDT\[2!,0MKX6_"C6?!?B;7O$WB?QG<>-/$.KZ9I&E
M27#:?!8PQQ64#Y98XQ]Z6YN;V=B6(43I&H`B!:K\9/\`DHOP)_['.Y_]1[6:
M]5HHHHHHHHHHHHHHHHHHHHHHHHHHHK)\)Z=JFC^%=&L-;U?_`(2#6K6RA@OM
M7^S+;?;IU0+)/Y*96/>P+;%X7=@<"M:BBBBBBBBBBBBBBN4U+QEJ]CJ.JVT/
M@3Q!J$-GM\B\MI].$5]FWDE/DB2[5QAXT@/FK'^\FC(S$'E2WXU\3:CX5TJ*
M[TSPGK'C&X>81-8Z)+91S1J58F0F[N($V@J!@.6RPPI&2.*_X7)XN_Z(3\0/
M_`[P]_\`+6C_`(7)XN_Z(3\0/_`[P]_\M:/^%R>+O^B$_$#_`,#O#W_RUH_X
M7)XN_P"B$_$#_P`#O#W_`,M:/^%R>+O^B$_$#_P.\/?_`"UH_P"%R>+O^B$_
M$#_P.\/?_+6C_A<GB[_HA/Q`_P#`[P]_\M:/^%R>+O\`HA/Q`_\``[P]_P#+
M6C_A<GB[_HA/Q`_\#O#W_P`M:XKP!XO\>>%?%?Q*U.[^!WCB2W\2^((=5LUA
MU#P^6CB72M/LRL@.J`!O,M)#@$C:R'.20.U_X7)XN_Z(3\0/_`[P]_\`+6C_
M`(7)XN_Z(3\0/_`[P]_\M:/^%R>+O^B$_$#_`,#O#W_RUK5TWXE^([[^RO.^
M$_C#3_MEZUK/]IN]&/V&,>7BYF\O4&S$?,?`B\R3]S)E!E-_5:!K-YK/]I?:
M]"U#0OLM[):P_P!H26[?;(UQMN8O)EDQ$^3M$FR3@[D7C.M11111535I+Z'2
MKV33+>WO-22%VM;>[N&@AEE"G8CR*CE%+8!8(Y`)(5L8//\`BG4O'%I9W3>&
M_#WA_5;M;U8[>+5->GL4DM?)!:5W2RF*2B;<@B"LI0!_,!/EBK'JWQ%.JW$<
MGA7PNNFKJ<44%POB6Y,SZ>6D\RX:/^SP%G51$5@#LK%W!F38"_/_`/"1_&__
M`*)Y\/\`_P`+R^_^4U'_``D?QO\`^B>?#_\`\+R^_P#E-1_PD?QO_P"B>?#_
M`/\`"\OO_E-1_P`)'\;_`/HGGP__`/"\OO\`Y34?\)'\;_\`HGGP_P#_``O+
M[_Y34?\`"1_&_P#Z)Y\/_P#PO+[_`.4U'_"1_&__`*)Y\/\`_P`+R^_^4U'_
M``D?QO\`^B>?#_\`\+R^_P#E-1_PD?QO_P"B>?#_`/\`"\OO_E-1_P`)'\;_
M`/HGGP__`/"\OO\`Y34?\)'\;_\`HGGP_P#_``O+[_Y34?\`"1_&_P#Z)Y\/
M_P#PO+[_`.4U'_"1_&__`*)Y\/\`_P`+R^_^4U'_``D?QO\`^B>?#_\`\+R^
M_P#E-1_PD?QO_P"B>?#_`/\`"\OO_E-1_P`)'\;_`/HGGP__`/"\OO\`Y34?
M\)'\;_\`HGGP_P#_``O+[_Y34?\`"1_&_P#Z)Y\/_P#PO+[_`.4U'_"1_&__
M`*)Y\/\`_P`+R^_^4U'_``D?QO\`^B>?#_\`\+R^_P#E-5K2=?\`C#-JME'J
M?@7P/9Z:\R+=7%IXTO)YHHBPWND;:2@=@N2%+H"0`67.1;T[6OBG+H6KRW_@
MWP?;:U%Y/]FV=OXMNIK>YRQ$WG3'3$:':N"NV.7>>#L'S5VNDR7TVE64FIV]
MO9ZD\*-=6]I<-/#%*5&]$D9$+J&R`Q1"0`2JYP+=<IXR\"_\);XC\":K]N^R
M?\(OK4FK^3Y6_P"T[].O++R\[ALQ]LW[L-_J]N/FR.KHHHHHHHHJII,=]#I5
ME'J=Q;WFI)"BW5Q:6[00RRA1O=(V=RBELD*7<@$`LV,FW111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
M111111111111111111111111111111111111111111111111111111111111
611111111111111111111111117__V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
