<SEC-DOCUMENT>0001288469-17-000026.txt : 20170714
<SEC-HEADER>0001288469-17-000026.hdr.sgml : 20170714
<ACCEPTANCE-DATETIME>20170613162015
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001288469-17-000026
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20170613

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAXLINEAR INC
		CENTRAL INDEX KEY:			0001288469
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				141896129
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5966 LA PLACE CT.
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008
		BUSINESS PHONE:		760-692-0711

	MAIL ADDRESS:	
		STREET 1:		5966 LA PLACE CT.
		CITY:			CARLSBAD
		STATE:			CA
		ZIP:			92008
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sC0D333ECC3DD8EAB40598F30B276F95C"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;"><img src="mxla01a01a10.jpg" alt="mxla01a01a10.jpg" style="height:81px;width:181px;"></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 13, 2017</font></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">VIA EDGAR</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Securities and Exchange Commission</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Division of Corporation Finance</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100 F Street, N.E.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Washington, D.C.  20549</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Attention:&#160;&#160;&#160;&#160;Martin James, Senior Assistant Chief Accountant</font></div><div style="line-height:138%;padding-top:18px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Re:&#160;&#160;&#160;&#160;MaxLinear, Inc.</font></div><div style="line-height:138%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Form 10-K for Fiscal Year Ended December 31, 2016</font></div><div style="line-height:138%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Filed February 9, 2017</font></div><div style="line-height:138%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Form 8-K filed May 12, 2017</font></div><div style="line-height:138%;text-align:left;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">File No. 001-34666</font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ladies and Gentlemen:</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We submit this letter in response to comments from the staff (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Staff</font><font style="font-family:inherit;font-size:10pt;">&#8221;) of the Securities and Exchange Commission (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commission</font><font style="font-family:inherit;font-size:10pt;">&#8221;) to MaxLinear, Inc. (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;) received by letter dated May&#160;31, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Comment Letter</font><font style="font-family:inherit;font-size:10pt;">&#8221;), relating to the above referenced Annual Report on Form 10-K for the annual period ended December 31, 2016 filed on February 9, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016 Annual Report</font><font style="font-family:inherit;font-size:10pt;">&#8221;) and Current Report on Form 8-K filed on May&#160;12, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Form 8-K</font><font style="font-family:inherit;font-size:10pt;">&#8221;).  For your convenience, we have repeated the comments contained in the Comment Letter before the Company&#8217;s response.  Page references herein correspond to the page of the 2016 Annual Report or Form 8-K, as applicable. References to &#8220;we,&#8221; &#8220;our,&#8221; or &#8220;us&#8221; mean the Company.</font></div><div style="line-height:138%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Form 10-K for Fiscal Year Ended December 31, 2016</font></div><div style="line-height:138%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Notes to Consolidated Financial Statements</font></div><div style="line-height:138%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Note 3. Business Combinations, page F-17</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:138%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:138%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We note the references to your use of an independent valuation specialist. Please revise the disclosure in future filings to clarify the role of the valuation specialist and the extent to which management relied on his/her work. For guidance, refer to Question 141.02 of the Compliance and Disclosure Interpretations on Securities Act Sections.</font></div></td></tr></table><div style="line-height:138%;padding-top:18px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Response: We will revise our disclosure in future Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q to clarify that management prepared the purchase price allocations for acquired businesses and in doing so considered or relied in part upon a report of a third party valuation expert to calculate the fair value of certain acquired assets, which primarily included identifiable intangible assets and inventory for our prior acquisitions of the wireless infrastructure access and backhaul businesses.</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;padding-top:16px;text-align:center;text-indent:6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-top:16px;text-align:center;text-indent:6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">MaxLinear Inc. 5966 La Place Court, Suite 100, Carlsbad, CA 92008 Tel: (760) 692-0711 Fax: (760) 444-8598</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Securities and Exchange Commission</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Division of Corporation Finance</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 13, 2017</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Page 2</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Note 9. Income Taxes, page F-35 </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We note the subsequent event disclosure of the Singapore tax incentives in your latest Form 10-Q. Please revise this note in future filings, including your next Form 10-Q, to clearly describe the tax incentives and the conditions you must meet to receive them. In those periods, if material, disclose the impact of these incentives on your effective tax rate and provide a discussion of the impact on your current and future income tax position in Management&#8217;s Discussion and Analysis. </font></div></td></tr></table><div style="line-height:138%;padding-top:18px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Response:  As indicated in the latest Form 10-Q, the Singapore tax incentives only became applicable beginning April 1, 2017 for the quarter ending June 30, 2017.  As a result, predicting the precise impact of the Singapore incentives on the Company&#8217;s effective tax rates is difficult at this time.   In response to the Staff&#8217;s comments, if the impact of these incentives is material to our effective tax rate or current or anticipated future income tax position, we will provide in future filings additional disclosure in Management&#8217;s Discussion and Analysis of Results of Operations and Financial Condition. In addition, we will revise the footnote disclosures in our Quarterly Report on Form 10-Q for the quarter ending June 30, 2017, to describe more clearly the Singapore tax incentives and the conditions we must satisfy in order to receive them. The Company supplementally advises the Staff that the availability of the Singapore tax incentives is subject to the Company complying with certain conditions relating to investment and employment in Singapore.  The Company does not believe that these conditions are individually or in the aggregate material to the Company&#8217;s future operating results or financial condition, and the Company believes that it will be able to satisfy these conditions without material risk.  In response to the Staff&#8217;s comment, however, the Company will provide additional disclosure concerning the Company&#8217;s obligations to maintain the tax incentives and the consequences of non-compliance.  </font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Form 8-K Filed on May 12, 2017</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tell us when you plan to comply with Item 9.01 of Form 8-K, which requires you to file audited financial statements of Exar Corporation as well as pro forma financial information reflecting the acquisition. </font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Response:  Audited financial statements of Exar Corporation and unaudited pro forma financial information reflecting the acquisition of Exar Corporation will be filed by amendment to the Form 8-K no later than seventy-one (71)&#160;calendar days following the date that the Form 8-K was required to be filed.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*****</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Please direct your questions or comments regarding the Company&#8217;s responses to me at (760) 692-0711, or Robert F. Kornegay, outside counsel to the Company at (858) 350-2389.  Thank you for your assistance.  </font></div><div style="line-height:120%;text-align:left;padding-left:288px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.79423868312757%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:33%;"></td><td style="width:2%;"></td><td style="width:4%;"></td><td style="width:12%;"></td><td style="width:5%;"></td><td style="width:2%;"></td><td style="width:42%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sincerely,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Adam C. Spice</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adam C. Spice</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MaxLinear, Inc.</font></div></td></tr></table></div></div><div><br></div><div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Securities and Exchange Commission</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Division of Corporation Finance</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">June 13, 2017</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Page 3</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;padding-left:288px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:9%;"></td><td style="width:91%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">cc:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kishore Seendripu, Ph.D, Chief Executive Officer, MaxLinear, Inc</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Robert Kornegay, Wilson Sonsini Goodrich &amp; Rosati, P.C.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Patrick Anding, Wilson Sonsini Goodrich &amp; Rosati, P.C.</font></div></td></tr></table></div></div><div><br></div><div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>mxla01a01a10.jpg
<TEXT>
begin 644 mxla01a01a10.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_X0!:17AI9@  34T *@    @ !0,!  4
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M 0$! 0$!         0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<
M 0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9
M&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"
M@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2
MT]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@ , P$  A$#$0 _ /?Z***
M"BBB@ HHHH **3-(6 !). .] "T9KD-=^(6DZ2SPVY-[<KQLB/R@^[?X5Y[J
MWCS7=4++]I^RPG_EG;_+^9ZUC.O")Z>%RG$XC6UEW9[+>:MI^GJ6N[V" #^^
MX!_*L&X^(GARW) O'F(_YY1DC\Z\4.^>7^.60_5F-:EKX8UV\ ,&E73*>A9-
MH_6L/K,Y?#$]19)AJ2O6J?DCTA_BIHP;"VUXP]=@']:='\4M#<X>&\C]S&#_
M "-<,GP^\3.,_8$7_>F44R7P#XEB!)T[>/\ 8D4_UI>UK=BOJ&5[>T_\F1Z?
M:^//#EV0!J*Q,>TRE/Y\5O6]W;W:![>>.9#WC<,/TKY]N]#U6QS]JTZZB [M
M&<?F*K6UW/9RB2UGDA<'K&Q4U2Q,D_>1$\BHS5Z%3]?R/I 4N:\<TCXE:O8E
M8[Y4OH1U+?+)^8X/XUZ-H7BW2=> 6UN-D^.8)?E<?3U_"MX5H3V/'Q66XC#:
MR5UW6QO44F:6M3A"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *0T$\USGBKQ;:^
M&[7!Q->R#]U #^K>@I2DHJ[-*5*=6:A!7;-#6==L-"LS<WTP4?P(.6<^@%>1
M>(_&^I:\S1(QM;(](8VY8?[1[_3I6)J>J7FL7K7=],99F_)1Z =A77^%OAY/
MJ CO-7#P6IY6$</(/?\ NC]:XI5)U7RPV/IJ."PV70]KB'>7];')Z7HVH:S/
MY&GVKS'^)APJ_4]!7H>C?"VWB"RZO<M,W7R83M4?4]37>V=C:Z?;);VD"0PK
MT1!@59K:&&C'5ZL\[%YU7K75/W5^)GV&BZ;I<82RLH(0.ZH,_GUJ]3J*Z$DM
MCQY2E)WD[B8HI:*!#3R,&L;4_"FBZL";JPBWG_EI&-C#\16W12:3W+A4G3?-
M!V?D>4:W\+[JW#2Z1<?:$'/DRX#_ ('H?TKA)H+FPNS'-'+;W$9Y# JRFOI'
M%96M^'M-UZV,5] &8#"2KPZ?0US5,,GK#1GMX3/*D'RU_>7?K_P3SSPS\2+B
MS*6NM;IX.@N /G3_ 'AW'ZUZE:W4%Y;I<6TJ2PN,JZ'(->(^)O!]]X=D,I!G
ML2?EG4=/9AV/Z5#X:\4WWANZS$3+:,<RV['@^X]#40K2IOEJ'3BLLHXJ'M\(
M_ET_X#/>J6L_2=7M-:L$O+*3?&W4'JI]".QJ_78FGJCYF491;C)6:%HH%%,0
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !29H/2LK7]=MO#^E27MQR1\L<8/,C=@*3:2NRH0E.2C%7;
M*'B[Q5!X;LOEVR7LHQ#$3_X\?85XI<W-SJ5Z\\[O/<S-R>I8^@'\A3]3U*ZU
M?4);V\??-*><= .RCV%>G>!/!8T^--5U*/-XXS%$P_U(]3_M?RKA;E7G9;'U
M=.%+*L/SSUF_ZMZ">#/ :6 34=5C5[P_-'">1%[GU;^5=^.E(!BG5VP@H*R/
MF<1B:F(FYU'J)BEHHJC **** "BBB@ HHHH **** (IH8YXFBEC5XW&UE89!
M'O7DGC/P,^CE]0TU6>P)R\?4P_\ V/\ *O8*8Z*ZE6 92,$$9!%9U*<9JS.O
M!XVIA9\T-NJ[G@/A[Q#=^'=1%S;,6C;B:$GY9%_Q]#7N.D:K:ZSI\=[:2;HG
M'([J>X/H:\L\<^#O[%F.H6"$V#M\Z#_EBQ_]EK+\)^)IO#>I!B6:RE($\8_]
M"'N/Y5RTYNC+DEL>_C,+2S"BL10^+\_+U/=A2U#;7$-U;QSP2+)%(H9'4\$&
MIJ[CY5JVC"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH 9-(D,+RR-M1 68^@%>%^*];N_$>KM-Y,PM8L
MK;QE#P/[QXZFO=CTIH53_"/RK*K3=16N=N!Q<<+-U''F?Y'EGP]\)&YG76=0
MB(AC/^CQN/O,/XB/0=J]4 &:4"BJIP4%9$8O%SQ53VD_^&%HHS15G*%%%% !
M1110 4444 %%%% !1110 4A&:6C- $5Q;PW-O)#/&LD4@*NK#((->&^*_"\_
MA_53%%'))9R_- X4GC^Z<=Q7N]-*@]0#656DJBLSNP./GA)WCJGNCRSX=>(I
M[.X&C7JRB"4Y@=D/R-W7Z'^=>J#-)M7KM'Y4M53BXQLW<RQ=>->JZBCRW%HH
MHJSF"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** ,'Q?X:_X2S0'TL:C<V!9U<3VY^88/3Z5\T_$OP]K?P\U6TM8_$^H
MW<%U$9$<S.A4@X((W?2OK2OGO]HV-9-=\-(^=K)(IQZ;EH \;M/%&N6=]!=Q
MZM>M)#(LB[[AB"0<\C/(K[2\-:Y;^)/#EAK%L1Y=U"'V_P!UOXE_ Y'X5\;>
M,_#,WA'Q9?:/+DB%\PN?XXSRK?E^N:]?_9W\7;6O/"EU)US<VF3_ -]K_(_G
M0!] 444&@#B?BKXJ_P"$4\!WMU%)LO;@?9K7GG>W4CZ#)_"ODD>(M<3[NLZ@
M/I=/_C7L'Q&N)_B5\7;#PC82'[%8,8Y77H&ZRO\ @!M^HKQ*[C6&]GB3.Q)&
M5<]< T >T?#CX>:OXY\.?VS>^+]5M86F:-(HY&8D+C))+>OMVKZ,MH?L]M%#
MO+^6@3<W4X&,FO._@4FWX5V!_O33'_Q\UZ30 445Q'Q5\82>#?!%Q>6LH34)
MV$%J< X<\EL'K@ G\J .WS17BWP3^)6J>*+^_P!(UZ\%Q=A!/;.5525'#+P/
MH?SKVD4 %%(<X..O:O!?'_C_ .*GAF)9[G3;'3;.5RD<\"B;![ DD@$CVH ]
M[S17SI\+/C)JTWB5=)\47OVFWOGVPW#J%,,AZ#@#Y3T]C7T7VH *J:G9#4M+
MN[(RO#]HA:+S(_O)N&,CW%>6_%/XG:GHFM6'AKPIMEUF5U,W[H2;=WW8P#W/
M7V&/6NS\&VOC*"&:3Q=J-E<R2*ABAM8MOE'G<"<#/;\J /$_B1\/M8\!:#'K
M%GXNU.ZB,ZPO&\C(1D'!!#<]*\MC\1:_+*D:ZWJ.6(4?Z4_4_C7TO\?AGX7S
M?]?</\S7RWIHW:I:+ZS(/_'A0!]1^#OA1>Z'J]AK-_XMU&^FA&\V[$^6Q*XP
M<L<CG]*]2I%&$ ]!2T %%!KSOQTOQ#LFO]6\/ZSIT6F6\'F_99H T@"KEOF*
MG.<'O0!Z)17RA#\=/'\\\<$=Y:%Y&"+_ **G)/ KZ!\(V7C>VFGD\5ZM87D;
MQCRH;6'88WSSDX&: .NHKP_Q]K?Q3\#V!U676],N;!Y_*7R[5=R9R5!!7T%<
M[X)^/.M?\)'##XJN(9=,G_=M(D*H8&/1OE'(]?;F@#Z2HIL<BR(KHP9&&593
MD$>HJKJT=]-I-U%IEQ';WS1D032+N5'[$CN* +E%?/?C+QC\4O!>M6&EW>L:
M=<R7P_</#:K@G=MP<@8Y(_.O6/"-EXUMOM+^*M7L;S>B^3':P[/+;G.3@9[?
ME0!UE%>#^/?$WQ2\ 6\%Y>:SIEW:7$IB1HK5<J<$@$$#L#^58'ACXH?%#QCJ
MC:;H\^GR7*QF4AX$0;00#R?J* /I>BO&63X[A<B32/H!%_A5;POXM^)2?$[3
MO#/B=H(TF1YI%6&/YHPK'(9?<8H ]OHH%% !17CGQM^(^I>%)=.TO0KL07TH
M,\[A58K'T48([G)_"NE^$GC2;QEX,2>]E$FHVLAANFP!N/56P/4?R- '?445
M4U..]ETNZCTZ>."]:)A!+(NY4?'!([@&@"W1FOG+QM\0/B=X"U>+3]2U33IS
M-%YL<D5LN&7)'H,'(IW@_P ;_%GQU]K_ +&OM-_T3;YIFAC3&[.,<'/0T ?1
M=%?.WBKQ7\9?!L2W6JR6_P!D8A?/AMXI(P3V) R/QK4^&WQRO-:UVWT3Q)#;
MA[IO+@NX5V#>>BLO3GU&* /=:*!THH *^??VB_\ D/>&/]V3_P!"6OH*OGS]
MHL_\3_PS_NR?^A+0!L?M ^$/[0\/VWB6UCS<6&([C:.6A8\'_@+']37S[X?U
MJY\.Z_8ZO:'$]I*L@']X=P?8C(_&ON.\L[?4=-FLKJ,26]Q$8Y%/=2,&OB7Q
M9X>N/"OBB_T:X!S;RD(Q'WT/*M^((H ^UM&U6VUO1K/5+-PUO=1+*A]B.GU'
M2L;Q_P"*8_!_@V_U8D>>J>7;J?XI6X7\NOT%>8?L\>+O/L;OPK=2?O(,W%ID
M]4)^=1]#@_B:S_BG?7'Q ^)VE^!]-D)MK63$[+R!(1EV/^ZO'US0!N_ /PK)
M;Z/>>*[]2UYJ3,L+..?+!RS?\";^5?.6H?\ (2NO^NS_ ,S7W98V-OIFFP6-
MJ@CM[>(11H.R@8%?">H?\A*Z_P"NS_S- 'UE\#QCX5:7[O+_ .C#7HE>=? Y
ML_"K3/:24?\ CYKT6@ KYY^*:7_Q&^([>%]);='H]G)*YZ@R[=Q'U^ZOU)KW
M'Q)K<'ASPYJ&KW!'EVD+28_O'^$?B<"O-_@5HDXT?4?%FH F^UJX9PS=?+!/
M/XL3^0H ^>?"6OS^%?%FGZO%N!M9@9$_O)T=?Q&:^W;6YAO+2&Z@</#,@D1A
MW4C(-?(OQA\,?\(S\0+P11[;.^_TJ# X^8_,/P;/Z5[5\!?%']M>"#I<\FZZ
MTI_*P3R8CRA_#D?@* /5JS=>T2R\1:)=Z3J$7F6URA1AW7T8>A!Y%:5% 'PU
MXG\/7OA+Q+=Z3>9$UL_R2#@.O57'U'-?0&E?&:UA^$?]L74B2:W;_P"A^03S
M+-CY7Q_=Q\Q^A%2?'SP;'JWAH>(K<(MWI@_>DG'F0D]/J"<CZFO ?!5SI%IX
MRTJ?7(1-IR7"^<I/ '8GU ."1Z"@#W[X/> [F%Y?&OB(-+K.H9D@$OWHT;DN
M?1F_0?6O8,4B%652A!4C@CH13J /,/CZ/^+77'M=0_SKY;TG_D,V/_7Q'_Z$
M*^I?CX?^+6W/_7U#_P"A5\MZ,-VN:>/6YC'_ (\* /O*BBB@ K*\3+O\*:PO
MK8SC_P <-:M9OB+GPSJP_P"G.;_T T ?$>@#=XCTM?6[B'_CXK[NKX2\.\>)
MM*_Z_(?_ $,5]VT >6_M #/PPD/I>0G^=?//B_P9>^%#I\TF9;+4+9+BWG P
M#E02I]QG\J^B/C]_R2^;_K[A_F:VSX6T[QC\+],TK44^22PA:.0#YHG\L89?
M<?J* /,_@?\ $\*8?"6MS\?=T^X<]/\ ID3_ "_+TKZ!KX<\3>&M3\'>(9M,
MU!2D\+;HY5R!(O\ "ZGT_E7T9\'?B<OBO3UT;590-:MD^5R<?:4'\7^\._YT
M 87QS3=XV\$'UN,?^1$KW2O$/C<-WC;P+[W8'_D2.O;Z /&_VCUSX(TT^FH#
M_P!%O7#?LYIGQS?M_=L&_P#0UKN_VCC_ ,4-I_\ V$%_] >O(OA-K?B#0_$%
MY-X=T,:O<R6VUX<D;$W [N/?% 'U\Q !). *YNWTC0]<\36GB^SO!=3VT#VD
M;P2AHB"3G..XR>]>=ZE\0?B<NFW._P"'WDIY3!I S/L&.N >U;OP%'_%K;0Y
MSFXFS_WU0!Z6.E))(D43R2,%1 69CT '4TZO./C5XF.@> 9[:!R+W4V^R0A>
MNT_?(_#C\10!X3XLM]2\=R>)?'<>6T^TND@12.?+Z+CZ#:3_ +U7_@5XH_L+
MQVEA-)MM-47R&R>!(.4/YY'_  *O=_!_@>VTSX7P^&KN,$W5LWVL'^_(,M^6
M0/PKY+U2PO/#/B.YL928[RPN"H8=F4\,/T- 'W716!X+\11^*O".FZPA&^>(
M>:H/W9!PP_,&M^@#YP_:4&/$.AMZVCC_ ,?K3_9H7]QXC?\ VH!^CUG?M*C_
M (GN@G_IVD_]"%+\$M9?PWX%\5ZTFGRWWV>6%GAA8!BH!R>?0'/X4 >U^.HK
M:?P'KL=V%,/V&4G=TR%)'Z@5\@^"-/NM4\;Z+:VJL97O(V!'8*P)/X $UW'C
M?XQ7GCF./18$&CZ//(JW#L?,=ER.6(Q\HZX'7%>U_#SX:Z%X+M5O+.3[=?3Q
MC-\X'*'G" =%/'UH [RBBB@ KYX_:.?'B#PX.XBD/_CZU[MK6N:;X>T\W^K7
MB6EJK!3*^<9/0<5\Q?&OQEI/BSQ/I\FC7!N;>S@*-+M*AF+9.,]>,4 ?54!W
M6\1]4!_2O$?VAO"(NM,M/%%M'F6U(@NL#K&3\K'Z'C_@5=YX4^)GA7Q(MC96
M6J)_:$T8 M71E?<%R1R,'&#^5=3JVF6VLZ3=Z;=H'M[J)HI ?0C% 'Q%X=U^
M]\,Z[:ZOI[A;FW8E=PR#D$$$=P<U[U\ /#,KPZAXQU$%[J^=HX'?J5SEW_%N
M/P->)MX.U%?'A\)[3]L^U_9LX[9^_P#3;\WTK[-T?2K;0]'L]+LTVV]K$L2#
MV Z_4]: +S?=/TKX)O\ G4;K_KJ_\S7V1XF^(_A;PRUW::AJT<=]#'DVRJQ<
MDKE1P.^17QE+(99GD/5V+'\: /K/X$MN^%=C[33#_P ?->DUX)\&OB3X8T'P
M6FCZQJ0L[J*XD<;XV*LK$$'(!'K7L&M>+-"\/64-YJVI0VL$ZEH2Y.9 !GY1
MU/!'YT >9?'35;K4Y]%\#:7A[S4IEDE7/;.$!]LY)_W:CT[P]\:-*TZWL+/4
MM&CMK>,1Q( ORJ!@#[E<AX+\8Z1K7QIO?%7B&_BLH%C<V8N#@+T1%SV(4D_6
MOI6TN[>^M(KJUF2:WF4/'(ARK*>A!H ^;OB1X/\ B5J&A'5O$]QIUW;Z:I?_
M $? =5) )X49'0_A7*_!_P 4?\(O\0+-I7VV=]_HL_/'S'Y3^#8_6OJ?Q-J>
MA6&DR0:_?VUK:7B/"?M#A0X(Y S[&OB.\CBMM0N(K><2Q12LL<J_Q@'AA0!]
M[4A.*\[^''Q+T?Q)X<TZWN]3@CUI8O+FMY&P[E!RP]00,_G7+_%7XN60T@:%
MX4ODO+Z^_=RSVQW")#QM4CJQZ<=!0!2\8:O>?%CQW#X+T.9ET.RD\R_ND^ZY
M4\G/<#HOJ>>U>6?$SP6W@CQ=/81JYL)1YUH[')*'L3Z@Y%?2?PL\#1^"O"<4
M4T:_VG= 2WCXY![)]%'ZYJO\8/!7_"7^#I6MHMVI6&9[; Y88^9/Q'Z@4 97
MP,\;?\)#X7.CWDN[4=, 0%CS)#_"?PZ'\/6O5Z^'O"'B>\\'>)[36+3):%L2
MQ$X$B'[R'_/7%?8WAOQ9HGBNR%SH]_%< (K21J?GBW#@,.QZ_E0!Q7Q^./A?
M,/6[A'ZFOE[13MU[3CZ74?\ Z$*^@_V@?%&DOX:7P]#?1R:G]J222!/F** ?
MO'L>1QUKYVL9UMK^WN&!*Q2JY ZD @T ?>]%>.+^T=X7/WM,U4?\ 0_^S5#<
M?M(>'D3-OH^I2MZ.40?GDT =UJ'CVVL?B'I_@];*6:YO(O-,RN L0PQY'4\+
M^M;GB(X\,:L?^G.;_P! ->"_#GQ!)XX^/4VOO 85^RR,D1;=Y:A0@&>_7]:]
M9\>>,_#^C:#K%A>:M;17[64BI;%_WA+(0OR]><B@#Y&\/_\ (QZ7_P!?D7_H
M8K[MKX+TRX6TU6SN6^[#.DA^@8&OMO1/%>@^)"_]CZK;7C(H9UB?+(#ZCJ*
M.%_:!;;\,7']Z]A'\S7<>#CN\$Z$?6P@_P#0!7DWQW\8Z!JG@Z/2M.U:VNKS
M[:K/%"X8J%#9SCIR17<_#;QCH&J>%M#TNVU2V?48[*-'M0_[P%5 ;@_2@"?X
MC^ +3QYH)@.V'4K<%K2Y(^ZW]UO]D_\ UZ^2735?"?B(J?-L=4L)NQPR./YC
M]"#7W57F/Q<^&,?C/33J6FQJFN6R?(1Q]H0?P'W]#^% 'E6O>/HO'FK>!)W3
MR]2M;U8[N,#"[C(F&7V.#QVKZCKX:\.QR6OC328IXVC>+4(5='&"I$@R".U?
M<M 'C7[1YQX)TP>NH#_T6]<1^SE_R/&H?]>#?^AK72_M':Q92:3I>DQ7<+WB
M71FE@5@61=A )';K7GOP:\6:5X1\77%[K%P;>UDM&CWB-G^;<I P 3V- 'UM
M+&)87C;HZE3^-<[X0\-V'@7P_#HL5\9(S,[1M.55F+'.T#O7/M\<? *KG^UY
M&]A:R?\ Q-<9JGCS2?'_ ,5?!5IH\DLMI:7+32&2,IE\9'!]E_6@#WBOG;QP
M=;^(WQ>.F>&S"W]@)N5YC^[$@8%B>""=V!C_ &:]2\>_$?1?"&EWT37T1UE(
M<P68.7+L/E)'8=Z\S^ NN^'M-M]4GU35[:'6-0NE0).^UG7J,$]<LQH Z'^S
M?CCC_D+Z/^2__$5Y-\4?"GB_3+V+7?%3VDTUZWE>;;8QE5X!  YQ_*OKNO,O
MC/?>';KP5J6CZAJMI!J21K<6T#R#S"XY7 Z\C(_&@#AOV=/%'E7=_P"&+B3Y
M91]JM03_ !#AP/J,'\#7T-7PKX;UR?PYXBL-8MB?-M)A)C^\/XE_$9'XU]DZ
M-XV\.:]I\M[8:M;2101":XR^# I&?G!Z=_RH \2_:5/_ !/M"'_3K)_Z$*V?
MV;2DFB>(864,#/%N!&0058?TKCOCQXFTCQ'XBTPZ/?0WD5O:LLDD+94,6SC/
MT%7_ (!>+-&\/3:U;:OJ,%D+@1/$T[;0Q7<",_B* .:^+G@,^"O$[26B$:3?
M$R6QQQ&?XH_PSQ[&O2?@+\0/MEG_ ,(EJ4N;B!2UB['[\8ZQ_4=1[?2O3?&?
MABQ\>>$)M.9T/G();6X'(1\95@?3U]C7QVPU/PIXC()>TU/3Y^W!1U/\OYB@
M#[JHKBO 'Q'TCQOIEOY=S'%JVS_2+(MA@1U91W7OGWKM: *.JZ/I^N61LM3L
MXKNV+!C%*N5)'0XK)3X?>$$'R^&M+_&V4_TKI** ,&R\%>&=-U"*_L=#L;:[
MBSLEBA"LN1@XQ[&MW%+10!BGPGHA\4#Q)]A3^UQ'Y8N,G.,8Z=,XXS6U110!
M@:CX)\,ZO?O?ZCHEE=7;X#2RQ!F.!@5&O@#P@HP/#6E?^ J_X5T=% ',2?#K
MP;+][PUIGX0 ?RK3U+PWHVLQ6\6I:9:W<=M_J5FC#!.,< ^P%:E% '.-X \(
M.NUO#6E8_P"O51_2MRSL[?3[.*TM(4AMX5"1QH,*BCH *GHH S=7\/Z1K\<4
M>K:=;7J0L6C6= P4GN,UG#P#X1 P/#6E?^ J?X5T=% '/6O@7PM8WB7=IH&G
MP7" A9(X0",@@_H2/QI+;P)X5LIX9[;P]IL4T#AXG2W4%6'0@UT5%  ****
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M&!@#'2L<-1;?M)[GHYQF$(Q^IX?9:.WY?Y@.M+117<?,A1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M)BEHH Y3QGX,MO$]KYB;8=1B7$4V.&_V6]1_*O#;ZPN]*OWM+R%H+B)L[>A'
MH0?3T(KZ<-87B7PKI_B:T\J[0I.@_=7"#YT/]1[5RU\,JGO1W/;RO-Y87]W5
MUA^1PO@[XE^6(]/U^3@?*EX?Y/\ XUZI%*DT:R1NKHPR&4Y!'UKYW\0^%M3\
M-7)2]BW0,<1W*#Y'_P #[&IO#OC+5O#3!+>7SK7/S6TIRO\ P'NM8T\3*F^2
MJ>AC,GI8F/M\&]^G1_Y'T+FEKD=!^(.B:V%C:<6=T>##.<9/LW0UUH((!!!!
MZ$5W1DI*Z/F:M"I1ERU(V8M%%%49!11D49H *3/%+FLW5=;TW18#+J%Y% O8
M,WS'Z#J:&TMRHQE)VBKLT,USGBCQIIWAF K*PFO6'[NV0\GW/H*X3Q%\5;BZ
M#VVAQM;QGC[3(/G(_P!D=OQKS]5N-0O %$US=3-T&7=S7%5Q:^&GJSZ# Y%.
M7[S$Z1[=?GV+>N:_?^(;]KN_ESC[D:\)&/0#^M==X'^'\FJM'J>K1E+ '=%"
M>#-[GT7^=;?@_P"&B6S1ZAKJ*\PPT=IU5/=_4^W2O2@   !@#I2HX9M\]3<T
MS#-X4X?5\'HEU_R_S$2-$1410J*,*H& !3QTI*6NX^9"BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH @N+6&[MW@N8DEB<89'&0:\U\1_"A7+W&@S+&3S]EF/R_\
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9B@2"BBB@84444 %%%% !1110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
