<SEC-DOCUMENT>0001193125-22-113672.txt : 20220520
<SEC-HEADER>0001193125-22-113672.hdr.sgml : 20220520
<ACCEPTANCE-DATETIME>20220421215558
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-22-113672
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220421

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HARMONIC INC
		CENTRAL INDEX KEY:			0000851310
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				770201147
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		4300 NORTH FIRST STREET
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95134
		BUSINESS PHONE:		4084906242

	MAIL ADDRESS:	
		STREET 1:		4300 NORTH FIRST STREET
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARMONIC LIGHTWAVES INC
		DATE OF NAME CHANGE:	19950404
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>CORRESP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g142166g0422052216647.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;21, 2022 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>VIA EDGAR SUBMISSION </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of
Manufacturing </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attention: Heather Clark </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman">Kevin Woody </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Harmonic Inc. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the Year Ended December&nbsp;31, 2021 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>Form <FONT STYLE="white-space:nowrap">8-K</FONT> Furnished January&nbsp;31, 2022 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;000-25826</FONT> </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of Harmonic
Inc. (the &#147;<B>Company</B>&#148;), we are responding to the comments of the staff (the &#147;<B>Staff</B>&#148;) of the Securities and Exchange Commission (the &#147;<B>Commission</B>&#148;) contained in its letter dated April&nbsp;15, 2022, to
Sanjay Kalra, the Company&#146;s Chief Financial Officer, regarding the above referenced Form <FONT STYLE="white-space:nowrap">10-K</FONT> (the &#147;<B>Form 10</B><B><FONT STYLE="white-space:nowrap">-K</FONT></B>&#148;) filed on February&nbsp;28,
2022 (File <FONT STYLE="white-space:nowrap">No.&nbsp;000-25826)</FONT> and the above referenced Form <FONT STYLE="white-space:nowrap">8-K</FONT> (the &#147;<B>Form <FONT STYLE="white-space:nowrap">8-K</FONT></B>&#148;) filed on January&nbsp;31, 2022
(File <FONT STYLE="white-space:nowrap">No.&nbsp;000-25826).</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In this letter, we have recited the comments from the Staff in bold
and italicized type and have followed each comment with the Company&#146;s response. References to &#147;we,&#148; &#147;our&#148; or &#147;us&#148; mean the Company or its advisors, as the context may require. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the Year Ended December&nbsp;31, 2021 </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Results of Operations </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Segment Financial Results, page
42 </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>You disclose gross profit and operating income on a consolidated and segment basis. Your current
disclosures on a consolidated basis outside of the segment footnote are <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures. Please revise to properly identify all <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measures and provide all
disclosures required by Item 10(e) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT></I></B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We acknowledge
the Staff&#146;s comment and respectfully advise the Staff that in future filings, beginning with our Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the first quarter of 2022, we will remove gross profit and operating income on a consolidated
basis, together with the reconciliation table of our total segment operating income to income (loss) before income taxes, from our segment disclosure in Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations. </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:24pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Harmonic Inc</B>. 2590
Orchard Parkway, San Jose, CA 95131 T +1 408 542 2500 F +1 408 542 2511 harmonicinc.com </P>

</DIV></Center>


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


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

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 21, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Form <FONT STYLE="white-space:nowrap">8-K</FONT> Furnished on January&nbsp;31, 2022 </U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Exhibit 99.1, page 1 </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>It appears that management has given your <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure,
Adjusted EBITDA greater prominence than the comparable GAAP measure. Please revise future filings to give greater or equal prominence to the GAAP measures. Refer to Instruction 2 of Item 2.02 of Form <FONT STYLE="white-space:nowrap">8-K,</FONT> Item
10(e)(1)(i)(A) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> and Question 102.10 of the Division of Corporate Finance C&amp;DIs on <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Financial Measures. </I></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We acknowledge the Staff&#146;s comment and respectfully advise the Staff that in future filings, beginning with our earnings report for the
first quarter of 2022, we will ensure that the comparable GAAP measure, net income, is given greater or equal prominence to Adjusted EBITDA. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><I>Please tell us how management determined segment revenue to be a
<FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure. </I></B> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We acknowledge that segment revenue is no longer a <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> financial measure, and we advise the Staff that in future filings, beginning with our earnings report for the first quarter of 2022, we will revise the disclosure and no longer refer to segment revenue as a
<FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * * * </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We thank you for the time you spent with Mr.&nbsp;Kalra discussing the Staff&#146;s letter. Please direct your any questions or comments with
respect to the Company&#146;s responses to me at (408) <FONT STYLE="white-space:nowrap">490-6063.</FONT> Thank you for your assistance </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

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


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Very truly yours,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Timothy Chu</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Timothy Chu</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">General Counsel, SVP
HR</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">and Corporate Secretary</TD></TR>
</TABLE></DIV>
</DIV></Center>


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


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

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 21, 2022 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 3 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Patrick J. Harshman, Harmonic Inc. </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Sanjay Kalra, Harmonic Inc. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Robert G. Day, Wilson Sonsini Goodrich&nbsp;&amp; Rosati, P.C. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Andrew S. Gillman, Wilson Sonsini Goodrich&nbsp;&amp; Rosati, P.C. </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g142166g0422052216647.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g142166g0422052216647.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  M )P# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W[I34D209
M1E89QD'--G_X]Y?]P_RKSOX*$MX,NB23_P 3&?J<]Z:6EQ7UL>DT4E%(8M%)
MTHS0 M%)1F@!:*3-+0 44F11GWH 6BDS1GWH 2N+U?Q-J<FK3Z?HL".]NN9"
MPR6QU %=IVKC=7\,:DNK3:CHUPL;W"[9%8X(]2#71A_9\SY_Q.#,/;>S7LK[
MZVW-'PQK\FL13174/E7<!PZXQG/?!Z5T=<]X9T!]%AFDN9C-=3G,C9STZ#FN
M@J*W)SODV-<'[7V,?;?$+129I:R.HBG_ ./:7_</\J\,^&OA.]\3:%>_:M;O
MK/28KV41VUD_EEWS\S,W7TP*]UE4M#(HZE2!7'?#7PYJ/A?PY/8ZFL:S/>2S
M*(WW#:QXYJXRM%D.-VCG-)_M7P+\2+#PW)JMSJ6C:I"S0"Z;<\++[UTGC'1A
MJ=Q#)J'BB;2-)C0AHH)A"97SU+'MCL*Q?%__ "67P6/^F<W]:I7%KIFO?&O4
M++Q,(Y8+6S1M/MKAOW;9^\P!X)ZU>]GY$^1E:T%\$VUIXA\*^+;G4;1+I(KJ
MTGNA.CJQ_2NS^)OB34-%\,6B:2WE7VIW"6T4I_Y9[NI'O7&?&#0_">E:):R:
M=:6=IJDERBJEL0I=,_-N4<8Z<UM_%8_\2SPA_P!A.#^0II)M,5VKHO:9\+IK
M">TOSXKUJ2_C=9)2TV8Y#W4KZ&L[77U7QO\ $JY\+0ZI<:;I&G0++<&V;:\K
M'MFO5:\S\,?\EQ\6_P#7K#41DW=LIK9'/^,]"U?X::?'K?ASQ#J,D3R"":WO
M)/-&6X##/O6U9?"JXO=*BN]0\5ZT=7FC$C31W!"(Q&<!?05<^-G_ "3_ /[?
M8/\ T*O0++_CQM_^N2_R%-R?(F"BN9G"?#/Q#J5YINL:;KD_VB[T6X:![@CF
M1!G!/OQ6%H&FZG\4FO-=U36K^RTI;AX;.RLI?+X7^)CW-7/AY$;C7/B!"O66
M^9!^(85)\'-3M;7PY<^'[F5(-2T^[E66"0A6P6R#@]13>EVB4[V3&Z-<:MX(
M^(-GX6O=4GU+2=3B9[.2Y.9(77^$GN*C\1S:OXP^)3>$;;4Y]-TNRMA/=/;-
MMDE)[9_$4NMW4'B'XU^';7395N!I44DUV\9RL><X!/KTJ?1/^2^>(O\ L'Q?
MTH\^MA^1C>*=!U'X9VUMXCT/7=1GMHYTCNK.]F\Q9%8XXKJ?B?J$\?P^2\LY
MY;=Y+BW8-&Q5@&8<9%0?&K_DF]S_ -?$/_H51?$P_P#%J[7_ *Z6G\Q23YK-
M@]+HTOB'XHO?#^A65OI04ZKJ<RVULS\A"1RWX5FQ?"J=[<3W?B_76U4C<UQ'
M<84-[+Z5#\6(Y;.'PSXA$;/;:7>H]QM&=J''-=];Z[I-SIRZA%J-JUHR;Q+Y
MH"X]Z5VHZ%6N]2?38)[73K>"ZN3<W$<862<C!D('WL>]6ZAMKF&\MH[BWD66
M&1=R.IR&'J*FK,L*2EI#0!YGXO\ ^2S>"_\ KG-_6NN\1>#="\5"/^UK%9I(
MO]7,K%)%]@PYJ34O#%AJFOZ7K4QD6\TTMY3(W!##!!'I6U5.6UB4M[G$I\)O
M!J6LD!TMGWE299)G:3CIAB<@5O:OX9TK7(;*+4(#(EE*LT #D;67H>*V:*7,
M^X[(3%9-KX<TRRU^\UN" K?WB*D\FXG<!TXZ"M>BD,RM>\/Z=XETW^S]4A,U
MMO63:&*_,IR.16BB".-44850 !["I**.E@,C2?#FFZ)=W]U80&.:_E\VX8N3
MO;UYZ5FZ_P##WPUXDN_MFHZ<#=XP9X7,;D>Y4\UU-%.[O<5D8GA_PMHWA>U>
M#1[&.V5SEV'+.?=CR:D@\.:;;>(KK7HH"-1N8Q%++O/S*.@QTK7HI7=PLC+U
M[0-/\2:6VG:I"9K5F5B@8KR#D<BFZKX>T[6=(32[Z R6:%"$#$<I]WD?2M:B
MB["Q!+;0W%L]O/$LL+KL:-QD,/0BN+D^$/@I[@R_V4P4MN,*SN(\_P"[G%=W
G28IIM; TF86AR:C'=SV4NG1VNGVZ[;;8, *. !^%;M&*6DV"1__9

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