-----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,
 T+JB+kciLYyixD3Mo3Rgw4koxFCQ+dxuGuzDAFWyAka0IDuyRiuRzS0zfhwCYfIz
 BPNMGaeWQ+Fr1HpBECrM1g==

<SEC-DOCUMENT>0001144204-10-016338.txt : 20100528
<SEC-HEADER>0001144204-10-016338.hdr.sgml : 20100528
<ACCEPTANCE-DATETIME>20100329171406
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-10-016338
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20100329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BENCHMARK ELECTRONICS INC
		CENTRAL INDEX KEY:			0000863436
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		IRS NUMBER:				742211011
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		3000 TECHNOLOGY DRIVE
		CITY:			ANGLETON
		STATE:			TX
		ZIP:			77515
		BUSINESS PHONE:		9798496550

	MAIL ADDRESS:	
		STREET 1:		3000 TECHNOLOGY DR
		CITY:			ANGLETON
		STATE:			TX
		ZIP:			77515
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>
  <head>
    <title>Unassociated Document</title>
    <!--Licensed to: VF-->
    <!--Document Created using EDGARizer 4.0.6.1-->
    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
    </head>
    <body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">
      <div>&#160;</div>
      <div align="center">
        <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td width="73%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="27%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">      </font>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Benchmark
      Electronics, Inc.</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3000
      Technology Drive</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Angleton,
      TX 77515</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">Main
      Telephone 979-849-6550</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">FAX
      979-848-5294</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<IMG SRC="logo.jpg" ALT="LOGO">
</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March 29,
2010</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">VIA
EDGAR</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Securities
and Exchange Commission</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Division
of Corporation Finance</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">100 F
Street, N.E.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Attention:
Ms. Maryse Mills-Apenteng, Special Counsel</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Re:</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Benchmark
      Electronics, Inc.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Preliminary
      Proxy Statement on Schedule 14A</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Filed
      March 23, 2010</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
      No. 001-10560</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dear Ms.
Mills-Apenteng:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
following information and comments are provided in response to your letter dated
March 29, 2010 (the &#8220;Comment Letter&#8221;) to Benchmark Electronics, Inc. (the
&#8220;Company&#8221;). Referring to specific points communicated to the Company in the
Comment Letter, we hereby submit the following responses on behalf of the
Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Proposal Number Two: Approve
Adoption of the Benchmark Electronics, Inc. 2010 Omnibus Incentive Compensation
Plan, page 29</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 18pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">1.</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Please
      disclose whether you presently have any plans to make grants under the
      plan or whether such grants are determinable. If you have a present intent
      to make any specific grants, revise your disclosure to provide the
      information required by Items 10(a)(2) and 10(b)(2) of Schedule 14A. If
      you do not have a present intent to make any specific grants, please
      provide a representation to that
effect.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-FAMILY: Times New Roman">Response</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font> The Company has not yet made
any plans to make any specific grants or awards under the Benchmark Electronics,
Inc. 2010 Omnibus Plan (2010 Plan). The Company will add the following
disclosure to &#8220;PROPOSAL 2: APPROVE ADOPTION OF THE BENCHMARK ELECTRONICS, INC.
2010 OMNIBUS INCENTIVE COMPENSATION PLAN&#8221;:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;The
Company currently does not have any plans to make any specific grants under the
2010 Plan.&#8221;</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
connection with our responses, we acknowledge that:</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Company is responsible for the adequacy and accuracy of the disclosure in
      the filing;</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">staff
      comments or changes to disclosures in response to staff comments do not
      foreclose the Securities and Exchange Commission (the &#8220;Commission&#8221;) from
      taking any action with respect to the filing;
  and</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Symbol, serif">&#183;</font></font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Company may not assert staff comments as a defense in any proceeding
      initiated by the Commission or any person under the federal securities
      laws of the United States.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thank you
for your assistance. If you have any questions or further comments, please
contact me at (979)&#160;848-5204.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sincerely,</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Benchmark
Electronics, Inc.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By: <font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/Cary T.
Fu&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cary T.
Fu</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
Executive Officer</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cc:</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Donald
      F. Adam, Chief Financial Officer, Benchmark Electronics,
    Inc.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Kenneth
      S. Barrow, General Counsel, Benchmark Electronics,
  Inc.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">
          <tr valign="top">
            <td style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Cravath,
      Swaine &amp; Moore LLP</font></div>
            </td>
          </tr>
      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@`+@#(`P$1``(1`0,1`?_$`)P```$%`0$!````````
M```````"!`4&!P,(`0$!``,!`0$```````````````(#!`4!!A```@$#`P("
M!P(+"`,``````0(#$00%`!(&(0<Q$T%187$B,A21%8&A0E)R([-T-C<(P6*R
M,R2T-76"0\,1``("`@$"!`4$`P$````````!`@,1!"$Q$D%Q@2)1,A,S%/!A
M<@6QP6*"_]H`#`,!``(1`Q$`/P!_PWO%R;C;K:W+'*8I33Z:9CYD:U_]4IJ1
M^BU1[M=R[4C/GHSCU;4H</E&\<2Y[QKE-OOQER/J%%9K*6B3I[T](]JU&N3=
MKRKZG3JNC/H6+5):&@/,F$Y'W8Y#F)\=ALQ=3W,?F2>698XP(T?;XO0=-PUW
M)U4P69)(X\++9O"9+96/OW@+&3*WU[<K:6U&E<36\X45I5D&ZH]?34(_CR>%
MC/J3E]>*RS4>U/.I^7<>>>]54R5E)Y%WL%%>JADD`]&X>(]8U@VZ/IRXZ,VZ
MUW?'GJBU766Q=FX2[O(+=V^599$0GW!B-9U"3Z(N<DNK'*21R('1@R,*JRFH
M(]8(U'!(0EQ;O79*C;15J,#0>VFO<'F3C:Y7%W<C16MY!<2I\Z12([+Z.H4F
MFO7!KJCQ23Z,<NZHI9R%514L30`:B2&UKEL5=R&.TO8+B1?F2*5'8>\*3J3A
M)=414D^C,E[\\JY)A,CBH\1D9K%)H)FE6$@!BK*`34'PKKHZ-491?<L\F'<M
ME%K#P:M97\"8^R:ZN$26:&-JR,JEF*@GQI77.<7EX-L9<+(\>2-%WNP5/SB0
M!]NHDSE-?V,$'U$UQ%%`#0S.ZJE?5N)IKU1;/&TA4-U:SP"X@F26`@D2HP9*
M#Q.X&FCBT\,)I]!%ID<?>!C9W,5R$-',+K)0^W:337LH-=4%)/H=9IH88S),
MZQQK\SN0JCWDZ\2;Z'K9QM,IC+TE;.\@N2OS"&1)"/?M)U[*#75$5)/HSM)/
M!&0LDBHQ\`Q`)^W7F"62/SN2@M\?>Q1W*1WXM9I(8PZB6J1EMRK6O3Q\-3KB
MVUQQDA.6$_B9?V$Y3R/-WN73+Y&:^6&&W:(3$':69]Q%`/&FMV_5&*7:L&/2
MLE)O+R:^]S;(Q5Y45AXJS`'\>N=@W9/%DGSM[SKZ8^>%VUS<VMQ'<VTKP7$1
MW131L4=2/2&'4:\:3X9ZGCH;]V@Y]S;/4M<GCVO;",;?OP4BH0/E<&BRG]#K
MZ]<G<HKARGA_`Z>K=.7#65\35M<\W'D_AG(L]@.2W-]A++Z^\9)HF@,<DM(V
MD!+;8Z-T*C7T%U<9Q2D\(X=4Y1DW%999.7=T>XN1P5QC\CB1C;&Z'E3SBVG0
ME3XKOE)45U33K5*68O+7[EUNQ8XX:PO(D^'Y[&\5[1Y3+8:Z\_-W,Z0SADV^
M1/(-L8VFNX*FY@WI.H70=ERC)>U$ZIJ%3:?)`\,X+@N46%SF.2\ECLKN:1EA
M26:$SL1XRR^<VZA/@/QZMNOE!XC')533&:S*6"3[49Z_P/,[KB4EXMYC+GSX
M8FC??#YL:%TEA/4`.JT(']FH;5:G!3QR6:LW&?9G**YVSXQDN39B]PUK?-C[
M*:#?DY8Q5GB20;8P*CQ=O=J[9M4(J367X%-%;G)K.$=N=\2N>W')+";%WSR,
MR?56UQM$;JT;T9&V]&!Z>\'7E%JN@\H75.J2PRP]V>19ODG++'B-C(8X"+=&
M@5B$DN;E5>LE/%45QT]^J=2N,(.;_2+MF;G-00KDG8G,X.SM<AQJ[FR&1C=1
M-'&JPR*?'S(F##H#Z"=>5[T9-J7"%FG*"S%Y9$]V;G/W&,XO)R&!K?+K:W,=
MVC[:L4E50_PDCXU`.K=513EV],E>RY-1[NN":R/9?(W7$YN29/,23YH6GUC0
M.NZ,*D>\1;R=U0@ITZ5]&JH[B4^Q+VYP6/4;AW-\X(+#9W(WW:'DV.NIFGM\
M?-8M:;R6*+-.-R`G\FJ5`U9."5T6O')7";=4D_#`^[?]L;GFO%?.N\M):V5E
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MMF5GEK/;L/CE)^8;NH`UGLVHOV17&5_DOAK27OD^<,H_;/G4'$+#.703S<A=
M0V\6/@-=I<%RSN?S4J"?7X:U;-'U&EX&;7N^FF_$MW:'@C\DOY.:\BD%[^O9
MK:)R&,DZ'K)*/0J'Y5_LIK/MW]B[(\&C5I[WWRY,KQ.#R^;R/T.*M)+RZ8_)
M&.BBOS.Q^%1[2=;I345EO!BC!R>$C;.$]A,=9>7>\GD6_N1\2V$=?IU/]\]&
MD/V#WZYE^^WQ#C]SH4Z27,N36H((((4A@C6*&,;8XT`55`]``Z#7/;;Y9N2P
M+UX>GF+M5R;#<<YI=Y#+S&"U:&>$.$9_C:52!1`3X*==S:JE."2.-K6*$VV:
M3R_O1P2YXWD+2SD?(7-W!)!';F%U6LBE0SM(H`"UKK'5I6*2;X-EFW!Q:7)E
MO&>-9:_[><GOH(W:W@>TD0`$B0V[.9MOKV))4ZWV6I617QR8JZVZY/R)7M[8
M]H+_``K#E#_2Y:!VWO)-+&DL9-49-IVU`Z$>.J[Y7*7LY1.F-37NZD_P@=K[
MWEZ0<<PU]]59>;-%D'E8PJD:D>8REZ[6K0`CTZJO^JH>YKDMH^FY^U,8_P!.
MW\5Y;]R_^RZE_8?(O,CH_._([?U)?\OA_P!UF_QKKS^N^5^8W_F7D0_,WEXW
MW5L,Y<QLUJYLKZ,@?/&L21R!?:NPZLI2G2XK]T1N]EJD_P!F:-S'OEQS&8V&
M7`30Y:^F<5AJZI''2K,YH*'T`:Q4Z,I/W<(U6[D4O;R9SW@R^3S..XQE,G:K
M97=W:7$IME+$*AD7RS\76K)0ZVZD%'N2><,R;4G+M;XX-RRW\`7G_52?[8ZY
M5?W%_+_9T)?:_P#/^CSQQC^6G,OT\9^W.NQ;]V'J<RO[4O0US^GW^`W_`'Z?
M_"FN=_8?<]#=H_)ZE$[,_P`ULA^A>_MAK7M_97H9M;[K]3IWY_F#B_W:W_W#
MZ:/VGZC<^XO0CN1-;<D[P7./Y1?M:8J&ZEMU9V"+'%$I\M5+?"GF$#XO;J=7
MLIS!<X(V>^W$GP-NZ5KV[Q[6&-XCLEFB,CY"ZCD:8&H4(GF$L"?$_#X:]U78
M\N9'85:PH#3N%_QO#?\`HX/VC:EK]9_R/+^D?XGI3,_PQ??N4O[(ZXD/F7F=
M>?ROR/.7:;@5CR^YR45Y,\2V=JIA5.E99@RHS'U(5K3TZ[6WL.M+'B<G6I5F
M<EC[)\BN^/\`*KSB.4_5+=2.B(W@EY#T('LD5?Q#5.[6IP4UX?X+=2QPDX/]
M,VW!\?PV"LA9XJTCM8!U8(/B8_G.Q^)C[2=<NRR4WELZ,(**PB0U`F&@#0%&
M?LIVY=V=L:Q9B6)\^;Q)J?R]:_SK/B9?PZ_@+@[,=N(I`_W2)".H62:9E_"I
M>A_#KQ[MK\3U:E:\"X6EC9V=JEI:01P6L:[8X(U"HH]04=-9I2;>7U-"BDL(
MI>4[*]OLA=/<M8O;/(2SK;2O$A)ZD[`=H_`-:H[MB6,F>6I6_`L/'>'<<X[9
MR6N(LUMTF_SY*EI).E/C=B6/VZILNE-Y;+:ZHP6$AMQKM_Q7C5Y->8>T-O<3
MIY4K&21ZIN#4H[,/$:E;L3FL2(UT1@\H^\GX#Q?D\T$V:M#<26Z-'$1))'16
M-2/@9?5I5L3K6(BRB,^IWY#PWCO(,='C\K:+/#`*6[5*R1T%*HX.X=/MU&NZ
M4'E,E.J,EAHKV([*<`QMXEVMI)=R1D-&EU(9(U(-0=G13_Y5U=/=LDL9*HZE
M:>2;Y/P+B_)I8)<S:&X>V5DA(DDCHK$$CX&7U:KJV)U_*3LHC/J3$V/M)L<^
M.D2MI)";=XZD5C9=A%?'Y=5*33SXECBL8\"M6G:OA%KB[[%P6++99$Q&[C\Z
M4[C`VZ/XBU10^K5[VYN2EGE%2UH)->#)GCG&<-QS'G'XB$P6AD:4H69_C>@)
MJY)]&JK;93>665UJ"PB/PG;SB>$R\F7QMF8;^42!Y3)(U1*VY_A9B.IU.>S.
M4>U]"$*(QEW+J?>0]ON*<@R,61RMH9[N!52.022)148N!16`\3I7LS@L+H+*
M(S>7U.'*.V'#N2W8O<E9GZR@5[B%VB=P.@#[31J>T:]JVIP6$^#RS7A-Y:Y&
M:=F>W:V*V?W7N57\PS-+)YI-*4,@8-3V>&I_FV9SDC^)7C&!SDNU?",E%8Q7
MEBTB8ZW6TM!YTJ[85)(7HPKX^)U&.W..</J>RUH/&?`M$]K!/:R6LBU@EC,3
MK4BJ,-I%?=K.GAY+VLK!"<7X'QCB\D\F%M3;/<JJ3$R225"$E?G9J?,=6V[$
MK/F*ZJ(PZ'#)]M>'9+-_?=S9'[S+QR?41RR1G?%38U$8"HVC4H[,XQ[5T(RU
MX2EW/J6?6<O#0!H`T`:`-`&@#0!H`T`:`-`&@#0!H!O?W]M86<EW<$K%$*F@
MJ22:!5`\22:#0$-?<CE^@OHC;SX^_2TFN+83!#N"+\RE2ZU4D5!T!V'(BB)%
M':3WTT,,<EXT(6B;T#==S+N8CKM70"Y>36[&%,?;RY&2:%;G;#M&V%NBLQD*
MBK4Z+XZ`:IR=I<C&T,3R8Y[!KMAM"O&R.P._<0?R=M!Z=`=8N60S00R0V-R[
MW9`L8BJJTPV;V=:L-J+Z6:GLT!]?EMK&BB2UN%NO/%J]F%4RK(R&1?!MI5@.
MA!IH!4?*+<L8I[6:WN5N(;62!]A(-Q_EO56*E3[#H#X.4P-)O6TG;'^=]/\`
M>`"^5OW;*TW;]N_INVTT`J'DL<TR^79W#63S&W6^`4Q^8&*=5#;PNX4W%=`3
M.@#0!H`T`:`-`&@#0!H`T`:`-`&@#0!H"#YK'`_'YA-((@'B:,L'(+K(I5#Y
M89AN/2H\-`5GZC'7*7Q2T^AD6PN1&+AYY)6)3XRA8LH11X^D^K0")9K&UO[N
MML^0>5(#^J>>(0R"!05DVA0RD4:JU.@)/"R/;71DP\45^LEE;K/#"QA6-EW[
M&0S>,;5/IJ*:`7=#(ID7%V8Y;F3$2K=M'55C^-F#`$?$M?AZ=?330"P9(9..
M3VJBYNH[)E^D!V&2)HX]SH[`("K!>C$5!T`W`>3D4<]SM@O9+^$O9U+&.-;6
M01@N!L9FZL:&@T`K+(IS]P2ZC_78HT.ZO0OTZ#TZ`<8%\PN+M[/'QQO9B5O+
MRC,-I@\TLWZIJ/YGBO44KUKH"*CF$N:%M8VY@R:W7^IO[%Y#:L@>K>9&FY=S
))T(;T^G0'__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
