<SEC-DOCUMENT>9999999997-15-012038.txt : 20150722
<SEC-HEADER>9999999997-15-012038.hdr.sgml : 20150722
<ACCEPTANCE-DATETIME>20150722150719
ACCESSION NUMBER:		9999999997-15-012038
CONFORMED SUBMISSION TYPE:	CT ORDER
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150722
DATE AS OF CHANGE:		20150722
<ACTION-DATE>20150722
<RECEIVED-DATE>20150722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHOTRONICS INC
		CENTRAL INDEX KEY:			0000810136
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				060854886
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CT ORDER
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15451
		FILM NUMBER:		15999870

	BUSINESS ADDRESS:	
		STREET 1:		15 SECOR ROAD
		STREET 2:		PO BOX 5226
		CITY:			BROOKFIELD
		STATE:			CT
		ZIP:			06804
		BUSINESS PHONE:		2037759000

	MAIL ADDRESS:	
		STREET 1:		15 SECOR ROAD
		STREET 2:		P O BOX 5226
		CITY:			BROOKFIELD
		STATE:			CT
		ZIP:			06804

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHOTRONIC LABS INC
		DATE OF NAME CHANGE:	19900514
</SEC-HEADER>
<DOCUMENT>
<TYPE>CT ORDER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C4-)>+CS],-"C0W(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#DQ
M.#,O3R`T.2]%(#0P-#@O3B`Q+U0@.#@W."]((%L@-#4U(#$T-UT^/@UE;F1O
M8FH-("`@("`@("`@("`@("`@("`@("`@#0HU,R`P(&]B:@T\/"]$96-O9&50
M87)M<SP\+T-O;'5M;G,@-"]0<F5D:6-T;W(@,3(^/B]&:6QT97(O1FQA=&5$
M96-O9&4O241;/#1"-CA!04-%-3<T0C-#-#5".4)$039$14)&13`S1C@R/CQ#
M,C8U140R0S5%0S$P.30X.$1&,#0R-C(Q035%1#A%-#Y=+TEN9&5X6S0W(#$S
M72]);F9O(#0V(#`@4B],96YG=&@@-3,O4')E=B`X.#<Y+U)O;W0@-#@@,"!2
M+U-I>F4@-C`O5'EP92]84F5F+U=;,2`R(#%=/CYS=')E86T-"FC>8F)D$&!@
M8F#R`A(,4X`$XWT@P1(*)-A[@,2G8PQ,C`S[0+(,C.C$?\:I?P`"#`#69@?D
M#0IE;F1S=')E86T-96YD;V)J#7-T87)T>')E9@T*,`T*)25%3T8-"B`@("`@
M("`@#0HU.2`P(&]B:@T\/"]#(#8Y+T9I;'1E<B]&;&%T941E8V]D92])(#DQ
M+TQE;F=T:"`V,R]3(#,X/CYS=')E86T-"FC>8F!@8&%@8(IF``*>1PRH@)$!
M),O1@"S&`L4,#/<9N!DX;X>U&$"5\E^`T$PGD!4KSH6(,@H!!!@`6$<'/@T*
M96YD<W1R96%M#65N9&]B:@TT."`P(&]B:@T\/"],86YG*/[_`$4`3@`M`%4`
M4RDO36%R:TEN9F\\/"]-87)K960@=')U93X^+TUE=&%D871A(#(@,"!2+U!A
M9V5,87EO=70O3VYE0V]L=6UN+U!A9V5S(#0U(#`@4B]3=')U8W14<F5E4F]O
M="`V(#`@4B]4>7!E+T-A=&%L;V<^/@UE;F1O8FH--#D@,"!O8FH-/#PO0V]N
M=&5N=',@-3$@,"!2+T-R;W!";WA;,"XP(#`N,"`V,3(N,"`W.3(N,%TO365D
M:6%";WA;,"XP(#`N,"`V,3(N,"`W.3(N,%TO4&%R96YT(#0U(#`@4B]297-O
M=7)C97,\/"]#;VQO<E-P86-E/#PO0U,P(#4T(#`@4CX^+T9O;G0\/"]45#`@
M-38@,"!2+U14,2`U."`P(%(^/CX^+U)O=&%T92`P+U-T<G5C=%!A<F5N=',@
M,"]486)S+U,O5'EP92]086=E/CX-96YD;V)J#34P(#`@;V)J#3P\+T9I;'1E
M<B]&;&%T941E8V]D92]&:7)S="`S-"],96YG=&@@-S4X+TX@-2]4>7!E+T]B
M:E-T;3X^<W1R96%M#0IHWM15W6O;,!#_5_2X/11]6+)L*(4F6UAA*Z,)ZZ#T
MP4M,8DCL8KML_>]W=[9DQ4W2+2]C#Q=+]Z7?G4Z_&,T$,X;)A)F8*0,;RZ16
MAIF$R=A(]L!OIM-)UN0K9A0XWSU>7O+K9IF7+9-"Q7R:/7W*B_6F97&L^(>\
M,UU$PO+9-ELW+-)\5I7M9%+]>K@PD!=M3`DA*,$C66?9KMB^O%L4N[QAM_E/
M=E?MLO(]V6ZS7<[)`@;2?YU?3*KMZLN"[/.VSMOEAM]6]2[;DNJ^0V2%X#=M
MMBV6U^5ZFS/!YVV^^\9D%//%RU-.O@BY+I[:JN;?^TJTL5=74"?6C2['3O]8
M+JM54:[Y?5%>ETWA][.B;MKI)JOAR/TSL-O01?XYZQV4,7S^_*-%.(OZ.2=<
M'AQD7K6;YL':A/U+P=&(H@C0PVC`S1FZ/?A)0*G``8WD@$8K?`!^T>Z"WA*?
MQXI!0)]&@EFE8,@L?=TZEM*#C)*4?'&-ME3KSA?WS@_V!F8]S$.%A$FCH"B3
M2`^,0$*PAL3N&^I]3+].^K6S^Q@`&@4V`M4W@.RI9DH)^AK\FKXY)L#A;B#L
M7*>`K'Z#(522&<+#%"YUY^RC>H`(##UTWTDU`N`$P3H,5L-ISF8''16'.IV2
M/7)-M=`$/2#K]%V\-8.8X)+&XF^01B(0*B00'W1@QA&L&Y&QX/CXFSP@Z(--
M&@M.02A^$@[ET>G>I'@98AZ)ECS]`L?^)?W&^_0K['GT^R;SZB/,FXC3Q*N3
MD\1[+N?:_YESM1CH$QD%;3(9/>58GTVY?C8AAQ.<W53)O3<5O@/W+@A#_Z[0
ME@1OS/EA+%&NE-[FJ;F/"QE7QZDG$V+:GA4].P8$%+XKY=[QH;\4P!7V9,RX
M&OJI<)W@.Y0'&1?]3C,N5D^$*^4KPG6,\(IPT^0,O@T0V!A+C_T8.-TIOM4F
MVN=;^9IO=7!%8\%"W;]O*#YG+\?BJ?WQ\?R.]@Y1*@J>_<=T>TP<W1X7H-O?
M`@P`@[1\>@T*96YD<W1R96%M#65N9&]B:@TU,2`P(&]B:@T\/"]&:6QT97(O
M1FQA=&5$96-O9&4O3&5N9W1H(#$X-C$^/G-T<F5A;0T*2(G,5VU/XT80_LZO
M6*E?UE6\>-=O\>ET4@C00GOI"8S4*E=5>8&2*HESQ"F]?]^9V1<[3F)`UR*0
M8M;K?9EYYIG99T_RH^-/[/W[XX_]BU,6L`\?3D[[[.BX?QVPR1HZV'JR/#K.
M\X!)EM\=2<7\`+KA?Q@D+`VZ(DM8OCCBS,O_,L^SC[A$M:RTRP;,ET+&+#\]
M,%+9D?GW!T:$;BT1!"'+)V"/;CTR/Q199K>8'@WYC1?S`?PN/,7SLU-HL6O/
MESSO03,_N_9^SR_!*%@DP/FIR+K8FA[8.[)[TY:*YND&["TCD2;US6&GA)]Y
M?LS[-U<7GA_R'%^H1=TT@/4&IXQ>?_5DP/L_>G[$>X,?/#.7]7_!GH^>WX6'
MTM-I)CWHE48,&L[L=R%N<2$5\19ZEYZO^,W/:,5OK+FZ4ITJX%P%,CX<_\1M
M"B!U5;7'_N%IBXVQR.*ZC>3ZU2E!=<40M:L>1#C@@PIL`I-1KP9S<.YE^I.>
M6!O;(W<9=5S!1QGS'KT@]G;P-A0J$D'61IMN&VU@=KA%V8%UAK8E.F@BT+;/
MII6FU"Z=>GT:S@@(Q(%)#'.&CQ`?T:Y[L6QS+W/NA8%0\5/1E<$6')&%(\+-
M@!^)JL/QR4OY/7*_0'M+3-X':BZQ<X:N3M;H4`<[V04VZ=-$-/Q(1!JWN2%E
MY8<(TZ8;!R:Y@N4G`ERH67[N28D&*C['QZT'Y@V`1(70D>0!+@C<L27'Q_=`
MA*%YEW$4RUJ.T?>P&D^]B"%8KC'$QB,;\C[`E/'S[YJ1='.'&&I(!YEI4U*=
MQ"U^NK+K=T7:K8'SQ[Z_EH5<#84S1>HSQ9<*8X-KABWQB0^>(N@Z.AA:[SXA
M&>Z+$H%_\$)>+"D0$XC!&BG4`:*H$(D"(&"O(XNMFRY3?9>J0Y@K^09".(;?
M8E:6MY!5TP;(,A!;-!OR$:R_9/A<K8@*SA;L*UU/L62;Y11Y@B8;DESA&IDC
MQ9!O*C:I:*P'&698XM3BN"?%AK`\0'#[!3':0#/BMY1!)2839=02/_U)19.<
MV\7"5PD&JT;W"0PO`)<E_.[@=)U-/30SH8YR-H+6G)4/\`4[\;5<N,^Z..,T
M7.*!"M3,KJ2[8KZ@23.[B0%H5E*X&L?>D!#ZQ\670-L0N%-V!_`2*Q;8>]#'
M(2_OC0]034-<K2LD5",%SQER8%:NFRF6"B@)M?!#18QLZ"C4A;%[A%^EB-)F
M-H.J,N%*M!7G!<8$@Q;R!9:VG;-8!E6!,+OQG_3N:<.:/5Y2M.::RVIG<3\,
M15POZD#3@\RZI`-SM#34`H:CV9)_]22`F#26CH4]5SK,"H@AM$<V334M1NC^
MPK)>9\A4)VR*XK.MIM>4!U3.Y,FS*3U88UP"GL")Y"S4A$)(T%(D%?:LP.N4
M6F[0DH+?3/@UH</&-/NKIX**C::4/Z>2R9=7,F(VY1.CY@Q+V],I]P4>&S-S
M/B/B(&_67B!`2(P\4&=8)(4T?O@O+Q%VT(*J`Y6"28,W<`*YG)I96.<ZEQ&&
M@NHG9CE]75(!1FP:@_57'%>X\"WVA6FK+M.'>RK`-.N<S,3``TV)#Z:N%'=4
MQG&,CM$=LJ(XO$O/TX&ESHY!D)RM@1BS&Q@FKI$7HH^B3[`X5I\Y+#O^[,&3
MFA$U.W5K3XUB4OQO>A)_[-[:6%J/+%S1<\=$=+8!*JU];S+5)B[!5=J<=2[K
MJ3IIEDAJJ0R@!5MMQMNGXYP^U[("[H1#/JUL=X6]<&FF8THK"N8`Q1_YHR?K
M9/D3KULXW>S1H5[6<F[4^'(XB/IPP4!K%M0"0#/G3A$6CYY%A&RQ`K^RX)Z^
MCF?T064BLL6\-$>+E8)K(QVS)XO](Z;!?,XPY0HZ>L?VC--\VRWK*.N#K8NA
M%A!S(OQH337_=DKZFS0$Z?-G':LK4T_0AOD,4Y_5RX].GFIX.5M4EE;U8,A7
MEF4Z"EJ3:51D(I*P#HONWN-G(!)75E;HPNV$U-"=R1/,;K2'/'W7L"$4[9>+
MZ@ZHX%#>N5WLC'>7*B#]U@%T^&4(-SS99$Y7L].(#A"G(/EA2BRB:)LK<;)W
M24U?.GDVQ-)[O=(+-8"R&J`I71(*"9[_6K4&6N]NRY8F.JJZ0H+@2E43S6^#
M"D#2/JK@&Z%BEW2^4ZG<C(BBODSK)8TGY/KSO);_L]?*D.1M>:U>)];J;7D=
MOH[7X=OR.GH=KZ.WY77\.E[';\OKI-WKG?'ISHFX1UPX\\\!`"<C*@71Q[-<
M7R_HRH,_<[UIWC'@+FC6ZFQ=T+1JM9):_>>*VMPB.B"(<0*M27#K*Z25RUOW
M1(@+VEN3:"19YUJ`PXH40;>WEK/XNM%A+IQV*HWH=I?(5"169;XSJC-KC6NE
M=%*1/2ETU*[0:0X)@Z>'R)?+I6<GUXF7F@N>BX'.!%$%SZ$]71-TL>C*-I3"
MZE3;([AI=BV8UWASNYUHV4T2>V0NK%I8-:5HVFW=NW:V2!R[+T1G^=&_`@P`
M"[<SU0T*96YD<W1R96%M#65N9&]B:@TU,B`P(&]B:@T\/"]&:6QT97(O1FQA
M=&5$96-O9&4O3&5N9W1H(#(Q-B].(#$^/G-T<F5A;0T*2(EB8&"<X>CBY,HD
MP,"0FU=2Y![D&!D1&:7`?IZ!C8&9`0P2DXL+'`,"?$#LO/R\5`8,\.T:`R.(
MOJP+,@M3'B]@32XH*@'2!X#8*"6U.!E(?P'BS/*2`J`X8P*0+9*4#6:#U(ED
MAP0Y`]D=0#9?26H%2(S!.;^@LB@S/:-$P=#2TE+!,24_*54AN+*X)#6W6,$S
M+SF_J""_*+$D-06H%FH'"/"[%R56*K@GYN8F*ACI&9'H<B(`*"PAK,\AX#!B
M%#N/$$.`Y-*B,BB3D<F8@0$@P`!)QC@O#0IE;F1S=')E86T-96YD;V)J#3$@
M,"!O8FH-/#PO1FEL=&5R+T9L871E1&5C;V1E+T9I<G-T(#(Y-2],96YG=&@@
M-C$V+TX@,SDO5'EP92]/8FI3=&T^/G-T<F5A;0T*:-[DE$%OVS`,A?\*C]MA
MD$5*M@44`=JN!89N6="TIV('-_528ZUMN`[0_/L]FVFVW=CS@"`,I:=/%)^4
MG#(JJ!0J28)0(LF9?$8Q>?(>$QEYIK+`(&9]('Q2S,E'2JDDCU]9@*9`+"'"
MD&>H$F*>$T_+LY(8-(X9,22<A%C`$\Q#*D4BC@!CDL$+>20&+T[KP(O1$X,7
M4Z"IG%P*$O#R,B,!KP!,P"NPGX!79C@%>&5DG`8Q1<(2GP1G!"^5G@1;9M@<
MI7.6%Q2PA<>Q`TKP40BM8)]R"@$E0WQRXJ[0IXRNW:H:ZG:\&>H:/?MW8%F_
MCE?UGKR[[I[J;U6/?DZ*FWU?N_4X[#:S[+KKQL5B0MZAQ1!,+9Z#:`@:HH9<
M0Z&AU#"#I_;.02FL%%8**X65PDIAI;!26"FB%%&**$64(DH1I8A21"FB%%%*
M4$I02E!*4$J8*3_<BF:`6[MUO=$>+'?/+W?9=.4FQ3QTVK;=6(U-U[IU7[7N
M=!B;G]5F="MWUMP_-=UVJ/K'_91<M..P=^>/U3"ZRV:[&VKWN:DP_WQ,AZX_
MK_JW]*)]`+QVR^GK$D;\R;ZT3TU;KQ\KF'50?]^-TYB6`0.;7W6W&P_I[OYE
M,S3],>WKX>^!&UR&L^YUJM[=M@_U<"0M%O^9[_/KR=S7JMU^N%A^NEU_Q$TX
MO*8MA72X$RM]%'@^5B6;E6)6!K,RFI6Y65F8E:59F>R=?X=)=I>\W29O]\G;
MC?)VI[S=*F_WRMO-\G:WV.X6O^--V=UBNUML=XOM;K'=+;:[Q7:WV.Z6V-T2
MNUORCK]`DUN_!1@`PV=?BPT*96YD<W1R96%M#65N9&]B:@TR(#`@;V)J#3P\
M+TQE;F=T:"`S-C(V+U-U8G1Y<&4O6$U,+U1Y<&4O365T861A=&$^/G-T<F5A
M;0T*/#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI2'IR95-Z
M3E1C>FMC.60B/SX*/'@Z>&UP;65T82!X;6QN<SIX/2)A9&]B93IN<SIM971A
M+R(@>#IX;7!T:STB061O8F4@6$U0($-O<F4@-2XT+6,P,#4@-S@N,30W,S(V
M+"`R,#$R+S`X+S(S+3$S.C`S.C`S("`@("`@("`B/@H@("`\<F1F.E)$1B!X
M;6QN<SIR9&8](FAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O,C(M<F1F+7-Y
M;G1A>"UN<R,B/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB
M(@H@("`@("`@("`@("!X;6QN<SIX;7`](FAT='`Z+R]N<RYA9&]B92YC;VTO
M>&%P+S$N,"\B"B`@("`@("`@("`@('AM;&YS.GAM<$U-/2)H='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O;6TO(@H@("`@("`@("`@("!X;6QN<SID8STB
M:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B"B`@("`@("`@("`@
M('AM;&YS.G!D9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&8O,2XS+R(*("`@
M("`@("`@("`@>&UL;G,Z<&1F>#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]P9&9X
M+S$N,R\B/@H@("`@("`@("`\>&UP.DUO9&EF>41A=&4^,C`Q-2TP-RTR,E0Q
M-3HP,CHU,RTP-#HP,#PO>&UP.DUO9&EF>41A=&4^"B`@("`@("`@(#QX;7`Z
M0W)E871E1&%T93XR,#$U+3`W+3(R5#$U.C`R.C4R+3`T.C`P/"]X;7`Z0W)E
M871E1&%T93X*("`@("`@("`@/'AM<#I-971A9&%T841A=&4^,C`Q-2TP-RTR
M,E0Q-3HP,CHU,RTP-#HP,#PO>&UP.DUE=&%D871A1&%T93X*("`@("`@("`@
M/'AM<#I#<F5A=&]R5&]O;#Y!8W)O8F%T(%!$1DUA:V5R(#$Q(&9O<B!7;W)D
M/"]X;7`Z0W)E871O<E1O;VP^"B`@("`@("`@(#QX;7!-33I$;V-U;65N=$E$
M/G5U:60Z,3`P,V8Q8V0M.#<S,BTT9C=D+3@X-V(M9F9A.#-F,F9C-C(V/"]X
M;7!-33I$;V-U;65N=$E$/@H@("`@("`@("`\>&UP34TZ26YS=&%N8V5)1#YU
M=6ED.C0R83,P.#1F+35D9F$M-#`X."UB,#,W+38Q8V,R-S9E.69F.#PO>&UP
M34TZ26YS=&%N8V5)1#X*("`@("`@("`@/'AM<$U-.G-U8FIE8W0^"B`@("`@
M("`@("`@(#QR9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI/C(\+W)D
M9CIL:3X*("`@("`@("`@("`@/"]R9&8Z4V5Q/@H@("`@("`@("`\+WAM<$U-
M.G-U8FIE8W0^"B`@("`@("`@(#QD8SIF;W)M870^87!P;&EC871I;VXO<&1F
M/"]D8SIF;W)M870^"B`@("`@("`@(#QD8SIC<F5A=&]R/@H@("`@("`@("`@
M("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3YU<SPO<F1F.FQI
M/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO9&,Z8W)E871O
M<CX*("`@("`@("`@/'!D9CI0<F]D=6-E<CY!9&]B92!01$8@3&EB<F%R>2`Q
M,2XP/"]P9&8Z4')O9'5C97(^"B`@("`@("`@(#QP9&9X.E-O=7)C94UO9&EF
M:65D/D0Z,C`Q-3`W,C(Q.3`R-#`\+W!D9G@Z4V]U<F-E36]D:69I960^"B`@
M("`@("`@(#QP9&9X.D-O;7!A;GD^4V5C=7)I=&EE<R!A;F0@17AH86YG92!#
M;VUM:7-S:6]N/"]P9&9X.D-O;7!A;GD^"B`@("`@(#PO<F1F.D1E<V-R:7!T
M:6]N/@H@("`\+W)D9CI21$8^"CPO>#IX;7!M971A/@H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"CP_>'!A8VME="!E;F0](G<B/SX-"F5N9'-T<F5A;0UE;F1O
M8FH-,R`P(&]B:@T\/"]&:6QT97(O1FQA=&5$96-O9&4O1FER<W0@-2],96YG
M=&@@-3`O3B`Q+U1Y<&4O3V)J4W1M/CYS=')E86T-"FC>,C%5,%"PL=%WSB_-
M*U$PU/?.3"F.-K$$"@;%ZH=4%J3J!R2FIQ;;V0$$&`#HF`OH#0IE;F1S=')E
M86T-96YD;V)J#30@,"!O8FH-/#PO1FEL=&5R+T9L871E1&5C;V1E+T9I<G-T
M(#4O3&5N9W1H(#$X,2].(#$O5'EP92]/8FI3=&T^/G-T<F5A;0T*:-YLS$$+
M@D`0!>"_,C?U4(Z;%44(D74J$#QT7MTIE\B)<1?RW[=!1(<NCP?O\>4+0-AL
MTJUW'4OLAR3=\?VA^S&NJ?5BG:4!=&]@_^QT?R4(\]T.@^4^7(6T"ZW4CN)R
MK3";XU*ID&JN)IA'B-'G%?!M*]QH!U5Y..D;"6097%C@S&*2],3F'S/[,I6P
M\2T%QW!#;P6.MA$M8X"FF*0U>VDI./9BR?Q"*U0Y)D7Q$F``GQ1'00T*96YD
M<W1R96%M#65N9&]B:@TU(#`@;V)J#3P\+T1E8V]D95!A<FUS/#PO0V]L=6UN
M<R`T+U!R961I8W1O<B`Q,CX^+T9I;'1E<B]&;&%T941E8V]D92])1%L\-$(V
M.$%!0T4U-S1",T,T-4(Y0D1!-D1%0D9%,#-&.#(^/$,R-C5%1#)#-45#,3`Y
M-#@X1$8P-#(V,C%!-45$.$4T/ETO26YF;R`T-B`P(%(O3&5N9W1H(#4P+U)O
M;W0@-#@@,"!2+U-I>F4@-#<O5'EP92]84F5F+U=;,2`R(#%=/CYS=')E86T-
M"FC>8F(``B9&_@L,3`S,)X`$?SF08.@#$HQ"0(E[02`N`^-0)IAN`0E&!H``
M`P"@E`5E#0IE;F1S=')E86T-96YD;V)J#7-T87)T>')E9@T*,3$V#0HE)45/
#1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
