<SEC-DOCUMENT>0001571049-14-002625.txt : 20150505
<SEC-HEADER>0001571049-14-002625.hdr.sgml : 20150505
<ACCEPTANCE-DATETIME>20140625152803
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001571049-14-002625
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140625

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			G III APPAREL GROUP LTD /DE/
		CENTRAL INDEX KEY:			0000821002
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				411590959
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		512 SEVENTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		2126298830

	MAIL ADDRESS:	
		STREET 1:		512 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANTE CORP
		DATE OF NAME CHANGE:	19891120
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">June 25, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>VIA EDGAR AND FEDERAL EXPRESS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Corporate Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attention: Tia L. Jenkins, Senior Assistant Chief Accountant</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%"><B>Re:</B></TD>
    <TD STYLE="width: 88%"><B>G-III Apparel Group, Ltd.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><B>Form 10-K for the Fiscal Year Ended January 31, 2013</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><B>Filed April 12, 2013</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><B>File No. 000-18183</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following additional information is being
supplied in response to a phone conversation on June 20, 2014 between James Giugliano and Rufus Decker of the Staff and me in order
to help clarify your understanding of our organizational structure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;Appendix 2: G III Organizational Chart,&rdquo;
submitted as part of our letter to the Staff, dated May 12, 2014 (the &ldquo;May letter&rdquo;), refers to group managers for various
groups in our company. In the Group GIII Core section, four managers were listed. There are two additional managers for G III Core
who were omitted and are added to the revised section for that Group set forth below. For further clarification, the product lines
supervised by each group manager are set forth as well:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 38%; font-size: 10pt; text-align: center; padding-left: 2pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 8pt"><B>Manager</B></FONT></TD>
    <TD NOWRAP STYLE="width: 2%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 60%; padding-left: 2pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt"><B>Product
        Lines</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Wayne S. Miller</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Sports Licensing</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Deborah Gaertner</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nine West</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Children Outerwear</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Wilsons Private Label</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Women and Men Colebrook</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Ron Finestone</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dockers</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Levi&rsquo;s</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tommy Men</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Brian Moorstein</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Jones Women</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kenneth Cole Women and Men</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Robert Fylypowycz</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Cole Haan Women and Men&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding-left: 2pt">Karl McErlean</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 2pt">G-III China</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All group managers report directly to the CEO
who is also the CODM. For certain larger product lines, there are sub-managers who report to the group manager. The sub-managers
are generally the head sales person for the product line.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Regarding your question about segment managers,
the retail operations segment has a group manager as it is comprised of Group Wilsons listed in Appendix 2. The licensed and non-licensed
product segments do not have separately identified group managers as their product lines are spread over a number of our Groups.
As previously indicated in the May letter, Groups are organizational entities that do not necessarily follow the Company&rsquo;s
segment structure and have evolved as a result of the Company&rsquo;s historic growth pattern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lastly, Vilebrequin should not be listed in
Appendix 2 under the retail operations segment. It is part of the non-licensed product segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company confirms that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the Company is responsible for the adequacy and accuracy of the disclosure in the filing;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission
from taking any action with respect to the filing; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 22.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">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.</TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If any member of the Staff has questions
regarding the foregoing, please do not hesitate to call or e-mail Neal S. Nackman at (212) 403-0654 or nealn@g-iii.com.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; font-size: 10pt">/s/ Neal S. Nackman</TD>
    <TD STYLE="width: 60%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neal S. Nackman </FONT></TD>
    <TD STYLE="line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Financial Officer </FONT></TD>
    <TD STYLE="line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">cc:</TD><TD>James Giugliano, Securities and Exchange Commission</TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Angela Halac, Securities and Exchange
Commission</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Neil Gold, Esq., Fulbright &amp; Jaworski
LLP</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Manuel G. Rivera, Esq., Fulbright &amp;
Jaworski LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>



<P STYLE="margin: 0"></P>

</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`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`60!Y`P$1``(1`0,1`?_$`(X```("`@,!````````
M```````*!PD&"`,$!0$!`0`````````````````````0```&`0(#!`,)#`,1
M``````$"`P0%!@<`"!$2"2$3%0H4MG<Q(K46-[<X.7E!,M)4E-076'B8&CI1
M)%5A@;'14B-S=#5UA94F-G97*!$!`````````````````````/_:``P#`0`"
M$0,1`#\`?XT!H#0&@-`:`T!H#0&@-`:`T!H#0&@-!"6X7<=A#:GBNRYJW"9)
MK&+,:5-J=U+6:T2*3)N)P*(HQ\<W$3.Y:6>&#E0:MB*KJF["E'MX`O,VZJ/5
M!ZE,@\8=(_:)%XMV_'=G9M-[F\IL]K]?L+5-8$E)?&^,"`60G6QD3\Z8J]_Q
M$H"/+Q$`#,&W1HZE>9D1D]V76\W*EE71S+.:KMIJ5;QE26)E3`<S6+47*$H5
MNG]Z!CDYQ``'B''AH.TGT"\_U(1D\4=:OJ*U*PH_YULYL-EK]VBSN"CS)BYC
MI8"`9(#>Z!3=N@QF5@/,<;"DC6&#O6">K#B*'!5S*4^:@@PYN)-&)'*`A#R3
M+N86PS`-P$2I%YP.<`][VB&@WKZ?/6KVK;\+-(X5>-+;MIW;5<RC6X[6L]1X
MU#(S1^U#@]^*QGQ&K2Y,43=H&:@"_((&%+E]]H+A]`:#`\IS$C7L8Y&GX=<&
MLO!T.WS$6Z%,JH-I&,K\@]8KBD?WB@(N4"FY1[!X<!T%1/E^-V6>MZG3?I>=
M]R-R3OF4);*F8JZ^L*42QA2JQ%7N+F+A6OH,<FDV*+1FF!.8"\QON\1T%V6@
MH;I6\7</*^8*RYLJ?W@BVV^M;*ZOE:&H?A$>4S2\2$RS;.ICQ<J7B)S*I+F#
MNQ/R</N:"^3043^8(W@;@]E>T#$^3MM]X+0KI9-V&$\;S$L:(CID'50MCV62
MFXOT>31702!X#9,#'*`'`H"!1`1XZ"RS](ES_M<OY&W_``=!)&X3/>,-KV%<
MD9_S-9&M3QIBNJR=MM<TZ,4.Z81J`J$:,TC&*+J3DG`D;M42^^575(4/=T"O
MNS3:;EGKK9FB.IGU'866B=FM=FW;O8;L?DUG*53DJTS=F3C\RY:BP,DA8WDZ
M"`*()*D,1SV^XV*0IP;5B8B*@(QA"049'PL-%-$&$7$Q3-O'QL<Q;$!)NS8L
M6B:+5HU03*!2)IE*0I0X`&@]'0&@-!4#U2.CW@;J.55I<&:BF$-WV.DPF,&;
MHZ$4\)>ZC9HW^LQ#.PR,4+5]8:LJ[3*55%0XK-RCSH&*8O*8(3Z-N_#=)DE_
MD_8;U#<>6BI[T]K!_"Y')9Z[)(X_W"X_:*E91&1J]9B,DH%[.*H"D=X5!3@Z
M35(X`I#BJ0H7U:",<V?(SESV8WWU5EM!0?Y5'ZH''7MOW!?.$]T#'V@6`QU_
M-9YY^SFI7K#&Z!G_`$"Q_FL/H!X*_;JVW?"<YH+D-!1YUK)":W^=0/8=T9JS
M).DL:6N4#=1O%3C'`IJN,38^=*.*_59-/ARG9S"[190"B8O,=1,?=*&@:(K5
M;@:;78&I5>*905:K$/&P$!"QR)&S")AHAFBPC8YF@0`(BV9LT")D*'N%*&@]
MO0&@-`:`T'#Z.W[[TGN$?2.3N_2.Z)WW)_D=[R\_)_<X\-!S:",<V?(SESV8
MWWU5EM!0?Y5'ZH''7MNW!?.$]T#'V@5_QS_-9YZ^SGI7K!&Z!H#0+'>:P^@%
M@K]NG;=\)SF@N1T%*?3N;GS%YB7K"YCGRED%L'4/#^WVDN%@`ZD2R%I'2<JD
MV./$4R+"@<O`O`!*<>.@:,T!H#0&@-`:`T!H(QS9\C.7/9C??566T%!_E4?J
M@<<^V[<#\X+W0,?:!7_'/\UGGK[.>E>L$;H&@-`L=YK#Z`6"OVZ=MWPG.:"Y
M'04K],)<V/.OSUN,53!?0WU_1P[FVMD<"!%).$?1L?&N%6A3<#*IMEW8`(AV
M<.W0-$:`T%.N];K5;>]C&<'6!LCX,W>WZRM*Q!6E2PX9P+/9"I1V=@*X.U9I
M6*/=(MU)%L#<>_2`O%(1`!'MT&I7\3;L^_58ZB?[IEL_/]`?Q-NS[]5CJ)_N
MFVS\_P!`?Q-NS[]5CJ)_NF6S\_T'3D?,_;+H>/?2\OMGZ@T5$Q;1=_)RDEM6
MLS*.CF#4@JN7KYXXDDV[1HV2`3**',4I"AQ$>&@N9V1[Q\6[]]M]$W1X7C[A
M&XWR*:;^+B-ZA"U^PJHP4P\A'+I>-([?$(U7=L3BB<%#`HGP,'8.@F3-GR,Y
M<]F-]]59;04'^51^J!QS[;MP/S@O=`Q]H%?\<_S6>>OLYZ5ZP1N@:`T"Q_FL
M/H!X*_;JVW?"<YH+D-!1EU/72G3HZT.Q/J<N4U6.!MQ,&KLLW.S@`L,;7'4H
MH8<>V>8*@7N$6S<7!!!9<Q2AZ*;M[.&@:H;N$':"+IJLDY;.44W#=P@H19!=
M!8A5$5D54Q,FJDJF8#%,41`P#Q#0<N@ZZK-HL?O%FK=4_`"\ZJ"2A^`>X',8
MHCP#0<?AT?\`B+/\F1_`T!X='_B+/\F1_`T!X='_`(BS_)D?P-`O;YCC<\\Q
M/LI;[2L.H(R>Z#J`VV(VW8BJD0DF:=/#VB18M;U9`1;I*+MXUA$N"M#K&*"8
M&>??!RFX!;KL?VU0NSS:+MYVS07=G:8;Q74Z8Z<IE(7T^9CXQ$T](G$G8H=]
M-*KJB8>TW-H);S9\C.7/9C??566T%!_E4?J@<=>V[<%\X3W0,?:!7_'/\UGG
MK[.>E>L$;H&@-`L=YK#Z`>"OVZ=MWN?[SG-!<CH,HWT;-L4[^MKF5=K>8F/?
M57)$"JU8RZ*2:DG4+4S`SFKW*$.H`]S+5V6*FNF(<.<H&((\#CH*.^E-U"<F
M;3LFM^CKU194E,W&8L2""VM9YLBYV=$W5X>9',UIXQ5GD#$:*7B-C$TV_<*J
M]ZY*3NAX+IB4X,^:`T!H#0:6[Z]_>VOIW80G,X[C[PRKT4T070J=09JI.[QD
M>R=V(L*I1Z\4_ILO*OEQ*03%+W#<IN=4Y2AVA2ATM=I&XC>_NRD.M5U$:@ZI
M5GDH5Q7]A^V::!4P8#Q(_%06=TF8UV0OH=SL,<L)TA.0CD3.%7)^43I$(#0.
M@C'-GR,Y<]F-]]59;04'^51^J!QU[;MP7SA/?\&@8^T"P&.OYK+//V<U*_O?
M]0QV@9_T"Q_FL/H!X*^Y_P#=6V[M_P"*3F@N0T&\&@T3W\=.;:[U'L3ABW<?
M2O$UHA<TIC_(M>7"$R5C"RD`#-+#2+4W(+Z,<HKD*91$1,W<`7@H0>P0"E.`
M8=>'I.$)5HF"B>L!L]KP`A7'"DPA1]WU'J[0!!M&NU7HK,;P:-9$(F4P@\44
MY/>\@=@!+L!YF_9%`F+$;G<,[Q-H]Q;D(27K^7MO=P.T8N_O5D4)N!;/D7R*
M2@"`*`D03!V@709!,>:#Z3+=N;XHY$S+DZ7$O%O7:!@#)LK,NU/<(B@@]A8U
M(55#=@<3@''[N@B68ZO/4ZWE]Y4NF7TO,FT^.EQ!HWW*;V^[Q70Z^W=$$J4X
MTHRAR2TT+?CWA2`LN4W#@*9@XZ"6-HW0S74S5$;T^J9G*2W[;OF"B<C5(VQM
MCMMON$W/>@[098WQTN!8URK%+<I47#ANFD4R0'*CS>^T##A2E(4I"%*4A2@4
MI2@!2E*4.!2E*'``*`!V!H/N@CG,+1V_Q'E-BP;+O7SW'-W:,F;9,RKEV[<U
MF31;MFZ10$RJZZQP(0H=IC"`:"D'RR^+<F8=Z5%!I.6\?7#&-R:YCSI(.:I>
M8%_6Y]!A)WIVYCWJL7)(H.DVSY`W.D<2\#E[0[-`P)H%P*#B7*C7S-F;<Q.<
M;W9OB61V"5"KL,FJUV13HSVQH3K!5:";64R/AB\LD1,PF0*H*A0#B(<-`Q_H
M%S_,TXFREF+8YA:N8EQU<\F6&.WH[?;"_@Z/7I*RRC."BY&:-(3#IC%H.'",
M8R[P@*KF*":?.`F$`[=!;/\`%^?_`+#E?R)7_%H,YW);F*IMP@JJI(5ZSY`O
M^2;*E2L48HHK-)_=,AVM5N=XHPBTW*K=C'1<4Q2,YD9%VHDS8-BBHJ<.)0$,
M!Q+NGOEDR9&8BS;MHR7@>V6:%DI^F3+M_!Y"QW8VL.!%)6)5O-.5<1M>L[%!
M8AP8ORHF<$$QD3'X"&@R#.N[:F8%N):98JY99=\;!^6<Z^EPQ&1FH5[$00PS
M40/I#A)3QB2\:3]&#AW8\AN8P=F@\_$VX7%FY2YV"ADQ\NH\@<387RVZ<6Z'
MA)!BO"9K@G\[`1B0*>EG&2B6T>8CL!*"8','((AH.Q=\K[4L%9CPKA*Q1=+J
M>3MP3RQ,<:1D516"99-Q6(\))_XG*QD4#2#3<IB*;0[I1,KMP`I)"8X"&@V/
ME;G3*\Y9QTW:ZQ!O'BZ;)@QE9V*C'+IR<"]TT9M7;I!5=<Y3!RID*)A`0X!H
M/LQ=*=7G35E/VRLP;U\X2:,FDQ/1<8Z>.UN'<M6K=ZZ05<.%>/O2$`3&^X&@
MY9NW5.M+Q[6QV>O0#F75%"*;S<U&Q2\FN7AS(QZ+YR@H]5+S!Q*F!A#CH.?X
MR5WTU*-\?A?$5F2DDBP\48^FJQR)>95^DU[_`+]1DD4>)E0**90]T=!&5WW!
M8BH5*_2%+W2(D*D%G@J<>7K#MO9T$K#8Y9M"QD<J:%5>`FJ>0=D(<!$!3`>)
MN`:#ASCN#QIM[K\-.Y"D9(75IG&U7I53K,,_L]VO-F=D,JA`U&KQ22TE,R'<
M$,JIR%!)%(HG4.0O;H,7PYNJQEF1];*^U:W+'=VHC%A+6^AY:JDE0+3"0<H)
MRQM@4:S!2LW<"^42.0CI!=5,#D$IN4W9H)J5OE&14@D5KG5$E;0'&M)*V*(3
M4L0<W+Q@B&>`:7#F[/ZN"G;H/>-)1Q2NCF?LBD8J%1>F,Z0`K-4_+R).C"IP
M;J&YPX%/P$>(?TZ#QC72G$FVU:-;*R6QO05,S@#3T6$V[*CQ[XS:*%T#Y<$>
M`\PD3'EX=N@R;0:![QL5Y95O^`]SN$JPGD>X[?W.08R>Q6,RU@)>YX]RA74:
M_9UZ+-2(&BXW(-<]$2>1X.0!%YRG0,8O,7B&HF(,:;R\EYUILQ7,D[UL-8,K
M"-HD\FK[G;#C:1G+W)S4.[8UJET*BP4(JYC(^M2CL'R\PY<@10&R:*9#<QM!
M[.<MH6X=:R-F[>UV[<,=/:#NUQ\ID6Y&K<--GN.2AJ)J33C,XI%BS]&<^&K`
MFMR#R<GOQ[0T$V[+L%Y5Q?F2\6:]58\'!RNUK9]08]Z9\T=`O;L;4F;B[M$=
MV@<RA30K]TF05!]XIS<2CPT&OV<MDFY_<[<MS^8E<HKX<G%GU3JVW2B*5:MV
M4Y8?`LR6[4FUJ6=XN$A4QR7?A4.\3;<5$V)N4_'CPT&O$?!R&0]QF]V9RGL>
MMV8LBW_&.!*ZU/%R\7.LL<Y!=8P)XG2C'E9-HRQXVC)QP#_XR1G,=0@!Q'F3
M*&@\NG8KEXO,>ZFD9@VM6S=MDQ#;[MGQBCD&)DFLXRBKVWQG)MUX4Z]A?LS4
M9-J_52<*6ID47*W<=X<><`#03%,[;<HTN-O$/N&VTV3>A:+SMMHN.\:6N#EH
MZ5;T6Q0=1=P\_0'TG.2+)S0`<V!PF\^-K0IG#KN^\.8%"@&@C>L]/S<>;!F7
MCM*FI2,_2.TW:SB.J6-Y;0L,J,/0!7D\LXDB)MV_[IN:?;$\.</S"EX@<Y15
M4$G:`=V$VE9ZL<7DB=J^.KM5X.56V[0[7'\]1L?X7C9N7H^1HVPV.VIT"GS$
MLP,^J4$W4:%EU5$U9-(P\"FX`.@LGW=8TRHED["&Y'%=7>9&?8DALETNR4*(
M>1S6WM:_E&'81RV0L9EFP\%>WBGNHTAP9.#)^GM5#I%.40X"%?\`;\&;Y<]X
MMW(UVR2>5;5B"V8F88\K%"S=7Z%1<P7VV2-QA9":FVKRD.0>TRG0M>070!NX
M="H_55,<H%`O:&8Y5VQ2U6L&>J<?:)*9G_253:%6-J]UJ[Z,:5[!49`52-@6
M-.<2#M^V>XB2HUN;K3HRL>0ZDMWO*<3'+PT'3O>*-UE!I^XW"3;$EZS5;L^6
M?`=FKV6*[/L&%)`\*A08W)CZVRDF_;/:N^AG%:=.R-RHG\3(J'()1$V@@;'V
M)9?(]'W#T^A[5;8\SE<-YV3Y7'6[`9=L$/4PA,AMC$OZUS=R!;-34:BT8JH$
MK39$6TAR]V4#%5,.@OP^)N4/_9@?\E;Z"8]`:`T!H#01=3_^_LI?Z_6_@0N@
H^U+Y0LH?Z:J_!"N@E#0&@-`:`T!H#01CBG_84U_YI;?A=;02=H/_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
