    <SEC-DOCUMENT>0000907254-21-000090-index.html : 20210901
    <SEC-HEADER>0000907254-21-000090.hdr.sgml : 20210901
    <ACCEPTANCE-DATETIME>20210901163427
    ACCESSION NUMBER:		0000907254-21-000090
    CONFORMED SUBMISSION TYPE:	8-K
    PUBLIC DOCUMENT COUNT:		252
    CONFORMED PERIOD OF REPORT:	20210831
    ITEM INFORMATION:		Entry into a Material Definitive Agreement
    ITEM INFORMATION:		Termination of a Material Definitive Agreement
    ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
    ITEM INFORMATION:		Financial Statements and Exhibits
    FILED AS OF DATE:		20210901
    DATE AS OF CHANGE:		20210901

    FILER:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			SAUL CENTERS, INC.
    		CENTRAL INDEX KEY:			0000907254
    		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
    		IRS NUMBER:				521833074
    		STATE OF INCORPORATION:			MD
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		8-K
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	001-12254
    		FILM NUMBER:		211230431

    	BUSINESS ADDRESS:
    		STREET 1:		7501 WISCONSIN AVENUE
    		STREET 2:		SUITE 1500
    		CITY:			BETHESDA
    		STATE:			MD
    		ZIP:			20814
    		BUSINESS PHONE:		3019866016

    	MAIL ADDRESS:
    		STREET 1:		7501 WISCONSIN AVENUE
    		STREET 2:		SUITE 1500
    		CITY:			BETHESDA
    		STATE:			MD
    		ZIP:			20814

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	SAUL CENTERS INC
    		DATE OF NAME CHANGE:	19930617
    </SEC-HEADER>
    <DOCUMENT>
    <TYPE>8-K
    <SEQUENCE>1
    <FILENAME>bfs-20210831.htm
    <DESCRIPTION>8-K
    <TEXT>
    Document 1 - file: bfs-20210831.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-10.1
    <SEQUENCE>2
    <FILENAME>exhibit101.htm
    <DESCRIPTION>EX-10.1
    <TEXT>
    Document 2 - file: exhibit101.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>EX-10.2
    <SEQUENCE>3
    <FILENAME>exhibit102.htm
    <DESCRIPTION>EX-10.2
    <TEXT>
    Document 3 - file: exhibit102.htm

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    <DOCUMENT>
    <TYPE>EX-101.SCH
    <SEQUENCE>4
    <FILENAME>bfs-20210831.xsd
    <DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
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    Document 4 - file: bfs-20210831.xsd

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    <DOCUMENT>
    <TYPE>EX-101.DEF
    <SEQUENCE>5
    <FILENAME>bfs-20210831_def.xml
    <DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
    <TEXT>
    Document 5 - file: bfs-20210831_def.xml

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    <DOCUMENT>
    <TYPE>EX-101.LAB
    <SEQUENCE>6
    <FILENAME>bfs-20210831_lab.xml
    <DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
    <TEXT>
    Document 6 - file: bfs-20210831_lab.xml

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    <DOCUMENT>
    <TYPE>EX-101.PRE
    <SEQUENCE>7
    <FILENAME>bfs-20210831_pre.xml
    <DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
    <TEXT>
    Document 7 - file: bfs-20210831_pre.xml

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>8
    <FILENAME>exhibit101001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 8 - file: exhibit101001.jpg

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    <DOCUMENT>
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    <SEQUENCE>9
    <FILENAME>exhibit101002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: exhibit101002.jpg

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    <FILENAME>exhibit101003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 10 - file: exhibit101003.jpg

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    <FILENAME>exhibit101004.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 11 - file: exhibit101004.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101005.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 12 - file: exhibit101005.jpg

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    Document 13 - file: exhibit101006.jpg

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    <DESCRIPTION>GRAPHIC
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    Document 14 - file: exhibit101007.jpg

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    <FILENAME>exhibit101008.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 15 - file: exhibit101008.jpg

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    <FILENAME>exhibit101009.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 16 - file: exhibit101009.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101010.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 17 - file: exhibit101010.jpg

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    <FILENAME>exhibit101011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 18 - file: exhibit101011.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
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    <FILENAME>exhibit101012.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 19 - file: exhibit101012.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101013.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 20 - file: exhibit101013.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101014.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 21 - file: exhibit101014.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
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    <FILENAME>exhibit101015.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 22 - file: exhibit101015.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101016.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 23 - file: exhibit101016.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
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    <FILENAME>exhibit101017.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 24 - file: exhibit101017.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101018.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 25 - file: exhibit101018.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
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    <FILENAME>exhibit101019.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 26 - file: exhibit101019.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>27
    <FILENAME>exhibit101020.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 27 - file: exhibit101020.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
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    <FILENAME>exhibit101021.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 28 - file: exhibit101021.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>29
    <FILENAME>exhibit101022.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 29 - file: exhibit101022.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>30
    <FILENAME>exhibit101023.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 30 - file: exhibit101023.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>31
    <FILENAME>exhibit101024.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 31 - file: exhibit101024.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>32
    <FILENAME>exhibit101025.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 32 - file: exhibit101025.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>33
    <FILENAME>exhibit101026.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 33 - file: exhibit101026.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>34
    <FILENAME>exhibit101027.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 34 - file: exhibit101027.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>35
    <FILENAME>exhibit101028.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 35 - file: exhibit101028.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>36
    <FILENAME>exhibit101029.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 36 - file: exhibit101029.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>37
    <FILENAME>exhibit101030.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 37 - file: exhibit101030.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>38
    <FILENAME>exhibit101031.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 38 - file: exhibit101031.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>39
    <FILENAME>exhibit101032.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 39 - file: exhibit101032.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>40
    <FILENAME>exhibit101033.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 40 - file: exhibit101033.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>41
    <FILENAME>exhibit101034.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 41 - file: exhibit101034.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>42
    <FILENAME>exhibit101035.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 42 - file: exhibit101035.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>43
    <FILENAME>exhibit101036.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 43 - file: exhibit101036.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>44
    <FILENAME>exhibit101037.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 44 - file: exhibit101037.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>45
    <FILENAME>exhibit101038.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 45 - file: exhibit101038.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>46
    <FILENAME>exhibit101039.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 46 - file: exhibit101039.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>47
    <FILENAME>exhibit101040.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 47 - file: exhibit101040.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>48
    <FILENAME>exhibit101041.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 48 - file: exhibit101041.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>49
    <FILENAME>exhibit101042.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 49 - file: exhibit101042.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>50
    <FILENAME>exhibit101043.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 50 - file: exhibit101043.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>51
    <FILENAME>exhibit101044.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 51 - file: exhibit101044.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>52
    <FILENAME>exhibit101045.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 52 - file: exhibit101045.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>53
    <FILENAME>exhibit101046.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 53 - file: exhibit101046.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>54
    <FILENAME>exhibit101047.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 54 - file: exhibit101047.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>55
    <FILENAME>exhibit101048.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 55 - file: exhibit101048.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>56
    <FILENAME>exhibit101049.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 56 - file: exhibit101049.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>57
    <FILENAME>exhibit101050.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 57 - file: exhibit101050.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101051.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 58 - file: exhibit101051.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>59
    <FILENAME>exhibit101052.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 59 - file: exhibit101052.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>60
    <FILENAME>exhibit101053.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 60 - file: exhibit101053.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>61
    <FILENAME>exhibit101054.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 61 - file: exhibit101054.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>62
    <FILENAME>exhibit101055.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 62 - file: exhibit101055.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>63
    <FILENAME>exhibit101056.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 63 - file: exhibit101056.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>64
    <FILENAME>exhibit101057.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 64 - file: exhibit101057.jpg

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    <DOCUMENT>
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    <FILENAME>exhibit101058.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 65 - file: exhibit101058.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>66
    <FILENAME>exhibit101059.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 66 - file: exhibit101059.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>67
    <FILENAME>exhibit101060.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 67 - file: exhibit101060.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>68
    <FILENAME>exhibit101061.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 68 - file: exhibit101061.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>69
    <FILENAME>exhibit101062.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 69 - file: exhibit101062.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>70
    <FILENAME>exhibit101063.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 70 - file: exhibit101063.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>71
    <FILENAME>exhibit101064.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 71 - file: exhibit101064.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>72
    <FILENAME>exhibit101065.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 72 - file: exhibit101065.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>73
    <FILENAME>exhibit101066.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 73 - file: exhibit101066.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>74
    <FILENAME>exhibit101067.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 74 - file: exhibit101067.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>75
    <FILENAME>exhibit101068.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 75 - file: exhibit101068.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>76
    <FILENAME>exhibit101069.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 76 - file: exhibit101069.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>77
    <FILENAME>exhibit101070.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 77 - file: exhibit101070.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>78
    <FILENAME>exhibit101071.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 78 - file: exhibit101071.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>79
    <FILENAME>exhibit101072.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 79 - file: exhibit101072.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>80
    <FILENAME>exhibit101073.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 80 - file: exhibit101073.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>81
    <FILENAME>exhibit101074.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 81 - file: exhibit101074.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>82
    <FILENAME>exhibit101075.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 82 - file: exhibit101075.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>83
    <FILENAME>exhibit101076.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 83 - file: exhibit101076.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>84
    <FILENAME>exhibit101077.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 84 - file: exhibit101077.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>85
    <FILENAME>exhibit101078.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 85 - file: exhibit101078.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>86
    <FILENAME>exhibit101079.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 86 - file: exhibit101079.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>87
    <FILENAME>exhibit101080.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 87 - file: exhibit101080.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>88
    <FILENAME>exhibit101081.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 88 - file: exhibit101081.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>89
    <FILENAME>exhibit101082.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 89 - file: exhibit101082.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>90
    <FILENAME>exhibit101083.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 90 - file: exhibit101083.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>91
    <FILENAME>exhibit101084.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 91 - file: exhibit101084.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>92
    <FILENAME>exhibit101085.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 92 - file: exhibit101085.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>93
    <FILENAME>exhibit101086.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 93 - file: exhibit101086.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>94
    <FILENAME>exhibit101087.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 94 - file: exhibit101087.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>95
    <FILENAME>exhibit101088.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 95 - file: exhibit101088.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>96
    <FILENAME>exhibit101089.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 96 - file: exhibit101089.jpg

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    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>97
    <FILENAME>exhibit101090.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 97 - file: exhibit101090.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>98
    <FILENAME>exhibit101091.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 98 - file: exhibit101091.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>99
    <FILENAME>exhibit101092.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 99 - file: exhibit101092.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>100
    <FILENAME>exhibit101093.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 100 - file: exhibit101093.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>101
    <FILENAME>exhibit101094.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 101 - file: exhibit101094.jpg

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    <DOCUMENT>
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