-----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,
 Pa7aKoYfSHXOpIdnKSeEo1LjPoVaTh2KHmGlNuHzdcqPy2wZdd7g51pyXNJWH4C6
 9QE1YwEl74ZWuXb9GMRbCg==

<SEC-DOCUMENT>0000000000-07-013078.txt : 20070426
<SEC-HEADER>0000000000-07-013078.hdr.sgml : 20070426
<ACCEPTANCE-DATETIME>20070314085806
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-07-013078
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070314

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANSCAT INC
		CENTRAL INDEX KEY:			0000099302
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				160874418
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			0327

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		35 VANTAGE POINT DRIVE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14624
		BUSINESS PHONE:		5853527777

	MAIL ADDRESS:	
		STREET 1:		35 VANTAGE POINT DRIVE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14624

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSMATION INC
		DATE OF NAME CHANGE:	19920703
PUBLIC REFERENCE ACCESSION NUMBER:		0000950152-06-005276
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C4T(#`@;V)J(#P\+TQI;F5A<FEZ960@,2],(#$S
M-#,Q+T\@-38O12`V-34X+TX@,2]4(#$R,S`T+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HU-"`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DW(#`P,#`P(&X-"C`P,#`P,#$Q-C(@
M,#`P,#`@;@T*,#`P,#`P,30P-"`P,#`P,"!N#0HP,#`P,#`Q.#0U(#`P,#`P
M(&X-"C`P,#`P,#$X-SD@,#`P,#`@;@T*,#`P,#`P,CDR,R`P,#`P,"!N#0HP
M,#`P,#`S,S(S(#`P,#`P(&X-"C`P,#`P,#4Y.3(@,#`P,#`@;@T*,#`P,#`P
M-C(S-"`P,#`P,"!N#0HP,#`P,#`V-#@R(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#8W+U!R978@,3(R.3,O6%)E9E-T;2`W,S$O4F]O="`U-2`P(%(O26YF;R`V
M(#`@4B])1%L\.3)$-T4R0S,T0C1!0D0V.38V-$8Y-4)"03$R1#4V0C<^/#DV
M1C,U13(S0T4R,39"-$5",S1&,T-",3@T,3=&,$(P/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C8V(#`@;V)J/#PO3&5N9W1H(#@V+T,@.34O1FEL
M=&5R+T9L871E1&5C;V1E+TD@,3$W+TP@-SDO4R`S.3X^<W1R96%M#0IXVF)@
M8.!D8&"^S0`$HB(,J(`)B%D8.`XP&"`)<D(Q`X,2`P\OXW0&YD]BK[QY&:XQ
M+8!IDBF&:K8`8D8&!HGW$)JY!6X*&P.#GCE$E%$>(,``8(H)H`T*96YD<W1R
M96%M#65N9&]B:@TV-2`P(&]B:CP\+TQE;F=T:"`R,"]&:6QT97(O1FQA=&5$
M96-O9&4O5ULQ(#$@,5TO26YD97A;-R`T-UTO1&5C;V1E4&%R;7,\/"]#;VQU
M;6YS(#,O4')E9&EC=&]R(#$R/CXO4VEZ92`U-"]4>7!E+UA2968^/G-T<F5A
M;0T*>-IB8F)D8&)@8!R*&"#``#:&`)`-"F5N9'-T<F5A;0UE;F1O8FH--34@
M,"!O8FH\/"]-87)K26YF;SP\+TQE='1E<G-P86-E1FQA9W,@,"]-87)K960@
M=')U93X^+TUE=&%D871A(#4@,"!2+U!I96-E26YF;SP\+TUA<FME9%!$1CP\
M+TQA<W1-;V1I9FEE9"A$.C(P,#<P,S$T,#@U-S$V*3X^/CXO4&%G97,@-"`P
M(%(O4&%G94QA>6]U="]/;F5#;VQU;6XO4W1R=6-T5')E95)O;W0@-R`P(%(O
M5'EP92]#871A;&]G+TQA;F<H14XM55,I+TQA<W1-;V1I9FEE9"A$.C(P,#<P
M,S$T,#@U-S$V*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J#34V(#`@;V)J
M/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO4&%R96YT(#0@,"!2+U-T<G5C=%!A
M<F5N=',@,"]#;VYT96YT<R`U.2`P(%(O4F]T871E(#`O365D:6%";WA;,"`P
M(#8Q,B`W.3)=+U)E<V]U<F-E<SP\+T-O;&]R4W!A8V4\/"]#4S`@-3@@,"!2
M/CXO1F]N=#P\+U14,"`U-R`P(%(O5%0Q(#8P(#`@4CX^+U!R;V-3971;+U!$
M1B]497AT72]%>'1'4W1A=&4\/"]'4S`@-C0@,"!2/CX^/B]4>7!E+U!A9V4^
M/@UE;F1O8FH--3<@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#8R(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P(#`@,"`P
M(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@-3`P(#4P,"`U,#`@
M-3`P(#4P,"`U,#`@-3`P(#`@,"`R-S@@,"`P(#`@,"`P(#`@-S(R(#`@-C8W
M(#<R,B`V,3$@-34V(#`@,"`S,S,@,S@Y(#<R,B`P(#@X.2`W,C(@-S(R(#4U
M-B`P(#8V-R`U-38@-C$Q(#`@-S(R(#DT-"`P(#<R,B`P(#`@,"`P(#`@,"`P
M(#0T-"`P(#0T-"`U,#`@-#0T(#,S,R`U,#`@-3`P(#(W."`P(#4P,"`R-S@@
M-S<X(#4P,"`U,#`@-3`P(#`@,S,S(#,X.2`R-S@@-3`P(#4P,"`W,C(@-3`P
M(#4P,%TO0F%S949O;G0O5&EM97-.97=2;VUA;E!3350O1FER<W1#:&%R(#,R
M+T5N8V]D:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O;G0^/@UE;F1O8FH-
M-3@@,"!O8FI;+TE#0T)A<V5D(#8Q(#`@4ET-96YD;V)J#34Y(#`@;V)J/#PO
M3&5N9W1H(#DW-2]&:6QT97(O1FQA=&5$96-O9&4^/G-T<F5A;0T*2(F,5]N.
MFT@0??=7U".6[)Z^`U$4:>/QK":1LU$&916-]@$Q[3&[-D3`))O]^JTV$`?3
M7.R'=C?HG+J<JB[??(37KV]VF_M;H/#FS=O;#2QN-@\4DA(/[!?*)%LP2/'\
M=SQ_+A=OH\5-%%%@$.T7%*($WXJ^VU>C$ABUZW_VJ`#&SQ"X"*K!IP$)-42G
MA0?+Z._%-EIL=Y;O8@-K;>AP=&%TJ`@;A^$3,#X''3`BQE'$#!3M$S6.(F>@
M*$'\<10U`T6$4^'5,U"XGHJN/P.%\:GH!M,H*@RFHAO.0`ED&]U=G![AH<J_
M@J:,#HJ0S@#UZ:26)\6L*2CEM^'>Q45RP/,5<$K]0=09VE923$6?N<5-":64
MVY)>VY\LL(7=Q>9AFY-=06`3%T?8$GB(RS+.\D$Z=Q6<Z?1/.OOSFHZI)GF/
M7E3$69G$U0KNLZ7V$@++OZ)W3CIWN9PYV(6.]>DH:].Z.:1F#]M_3?)2I=\,
M_+'?IXDI!CUTU]:5AYSW*&40-`IX](2"SW%6Q<\&/N9I5L%M@=0K=';857<U
MTDL.^T&5OFSU\2E/#J:L3+&"#^8[?,F+?S!9FLM!/]UU2_LDFDX5+YM1O5)J
MHN4%!E]CS6N$*\LJ[%WSA-'[9%[!12-+QA7U[K,1F?"K0F?.(L!:[/C&I`0I
M.`EJJ^[RXH0M8_T>]GD!U<'`78H6'.&+B0O89D_F">K2YNI<VGKPUF)N<W[>
ML%<VL)#0QH;T:.!#3@"M75,14C7(P9T<W9!31;@<OV!'VH>X1$[T5"%"UJKB
MUL;']I"F=[P:)).SXV(9?+\C&!?@2'NX6-_O#D*+ICL\(O::^XIY?QHXQ-@>
MDOST]6@J3';^4D!AOJ583OD>?MBMU<A9A,X.Q!FAOFI5;+6T7/O>>XBS)P0Z
MQA9TGQ[3[+FT9TOEU938;O<O!2JN@`OX+[H]]YIU@[YFA$E54Z"M)Y-5B%:A
M8-,2JO2T##RS7#-OI%H&.MQ`&H0FDH^G8<8@(3@G>@+&W9$X0:_1M"X<CJ`!
M;S+8?!Z6YT2FN,C`R^R.>HG=A1B2\U+4S^Q.2>]8[W[4;Z[J93AL[B9'>[9Q
MG&OIN*O"/9DX7>4XX/(&KOT,P;HG%8>)..Y.)%6XYQ.WB3CWZJML[.J(QYW`
M5S;&XBI%4"]W=?I(Y_#=!043=K)+T":SK)?!A(FIT0A]D6%_,N(X?_>T9;(4
M;X7:J-_*,BTKO-^;?3UA-,^2)'_)ZH=#=@W,4.[ZXSC'3ZEIQI\*CH,\GX"9
M\:^"X20_)9P9W8#A*._J!O\+,`!D4#I/#0IE;F1S=')E86T-96YD;V)J#38P
M(#`@;V)J/#PO4W5B='EP92]4<G5E5'EP92]&;VYT1&5S8W)I<'1O<B`V,R`P
M(%(O3&%S=$-H87(@,3$V+U=I9'1H<ULR-3`@,"`P(#`@,"`P(#`@,"`P(#`@
M,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@-3`P(#`@-3`P(#4P,"`P
M(#`@-3`P(#,S,R`P(#`@,"`P(#`@,"`P(#`@,"`P(#8V-R`V,3$@,"`P(#,X
M.2`P(#<W."`P(#DT-"`W,C(@,"`P(#`@-S(R(#`@-C8W(#`@,"`P(#`@-S(R
M(#`@,"`P(#`@,"`P(#`@-3`P(#`@-#0T(#4U-B`T-#0@,S,S(#`@-34V(#(W
M."`P(#`@,C<X(#@S,R`U-38@-3`P(#`@,"`T-#0@,S@Y(#,S,UTO0F%S949O
M;G0O5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&:7)S=$-H87(@,S(O16YC;V1I
M;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TV,2`P(&]B
M:CP\+TQE;F=T:"`R-3<U+T9I;'1E<B]&;&%T941E8V]D92].(#,O06QT97)N
M871E+T1E=FEC95)'0CX^<W1R96%M#0I(B9R6>513=Q;'?V_)GI"5L,-C#5N`
ML`:0-6QAD1T$40A)"`$20DC8!4%$!11%1(2JE3+6;71&3T6=+JYCK0[6?>K2
M`_4PZN@XM!;7CIT7.$>=3F>FT^\?[_<Y]W?O[]W?O?>=\P"@)Z6JM=4P"P"-
MUJ#/2HS%%A448J0)``,*(`(1`#)YK2XM.R$'X)+&2[!:W`G\BYY>!Y!IO2),
MRL`P\/^)+=?I#0!`&3@'*)2U<IP[<:ZJ-^A,]AF<>:65)H91$^OQ!'&V-+%J
MGKWG?.8YVL0*C5:!LREGG4*C,/%IG%?7&94X(ZDX=]6IE?4X7\79I<JH4>/\
MW!2K4<IJ`4#I)KM!*2_'V0]GNCXG2X+S`@#(=-4[7/H.&Y0-!M.E)-6Z1KU:
M56[`W.4>F"@T5(PE*>NKE`:#,$,FKY3I%9BD6J.3:1L!F+_SG#BFVF)XD8-%
MH<'!0G\?T3N%^J^;OU"FWL[3D\RYGD'\"V]M/^=7/0J`>!:OS?JWMM(M`(RO
M!,#RYEN;R_L`,/&^';[XSGWXIGDI-QAT8;Z^]?7U/FJEW,=4T#?ZGPZ_0.^\
MS\=TW)OR8''*,IFQRH"9ZB:OKJHVZK%:G4RNQ(0_'>)?'?CS>7AG*<N4>J46
MC\C#ITRM5>'MUBK4!G6U%E-K_U,3?V783S0_U[BX8Z\!K]@'L"[R`/*W"P#E
MT@!2M`W?@=[T+962!S+P-=_AWOS<SPGZ]U/A/M.C5JV:BY-DY6!RH[YN?L_T
M60("H`(FX`$K8`^<@3L0`G\0`L)!-(@'R2`=Y(`"L!3(03G0`#VH!RV@'72!
M'K`>;`+#8#L8`[O!?G`0C(./P0GP1W`>?`FN@5M@$DR#AV`&/`6O(`@B00R(
M"UE!#I`KY`7Y0V(H$HJ'4J$LJ``J@520%C)"+=`*J`?JAX:A'=!NZ/?04>@$
M=`ZZ!'T%34$/H.^@ES`"TV$>;`>[P;ZP&(Z!4^`<>`FL@FO@)K@37@</P:/P
M/O@P?`(^#U^#)^&'\"P"$!K"1QP1(2)&)$@Z4HB4(7JD%>E&!I%19#]R##F+
M7$$FD4?("Y2(<E$,%:+A:!*:B\K1&K05[46'T5WH8?0T>@6=0F?0UP0&P9;@
M10@C2`F+""I"/:&+,$C82?B(<(9PC3!->$HD$OE$`3&$F$0L(%80FXF]Q*W$
M`\3CQ$O$N\19$HED1?(B19#223*2@=1%VD+:1_J,=)DT37I.II$=R/[D!'(A
M64ON(`^2]Y`_)5\FWR._HK`HKI0P2CI%06FD]%'&*,<H%RG3E%=4-E5`C:#F
M4"NH[=0AZG[J&>IMZA,:C>9$"Z5ETM2TY;0AVN]HG].F:"_H'+HG74(OHAOI
MZ^@?TH_3OZ(_83`8;HQH1B'#P%C'V,TXQ?B:\=R,:^9C)C53F+69C9@=-KML
M]IA)8;HR8YA+F4W,0>8AYD7F(Q:%Y<:2L&2L5M8(ZRCK!FN6S66+V.EL#;N7
MO8=]CGV?0^*X<>(Y"DXGYP/.*<Y=+L)UYDJX<NX*[ACW#'>:1^0)>%)>!:^'
M]UO>!&_&G&,>:)YGWF`^8OZ)^20?X;OQI?PJ?A__(/\Z_Z6%G46,A=)BC<5^
MB\L6SRQM+*,ME9;=E@<LKUF^M,*LXJTJK398C5O=L4:M/:TSK>NMMUF?L7YD
MP[,)MY';=-L<M+EI"]MZVF;9-MM^8'O!=M;.WB[13F>WQ>Z4W2-[OGVT?87]
M@/VG]@\<N`Z1#FJ'`8?/'/Z*F6,Q6!4VA)W&9AQM'9,<C8X['"<<7SD)G'*=
M.IP..-UQICJ+G<N<!YQ/.L^X.+BDN;2X['6YZ4IQ%;N6NVYV/>OZS$W@EN^V
MRFW<[;[`4B`5-`GV"FZ[,]RCW&O<1]VO>A`]Q!Z5'EL]OO2$/8,\RSU'/"]Z
MP5[!7FJOK5Z7O`G>H=Y:[U'O&T*Z,$98)]PKG/+A^Z3Z=/B,^SSV=?$M]-W@
M>];WM5^07Y7?F-\M$4>4+.H0'1-]Y^_I+_<?\;\:P`A("&@+.!+P;:!7H#)P
M6^"?@[A!:4&K@DX&_2,X)%@?O#_X08A+2$G(>R$WQ#QQAKA7_'DH(30VM"WT
MX]`78<%AAK"#87\/%X97AN\)O[]`L$"Y8&S!W0BG"%G$CHC)2"RR)/+]R,DH
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M_:2862PK/E1"*,DOV5/R@RQ=-BJ;+966OE<Z(Y?(-\L?*J(5`XH'R@AEO_)>
M6419?]E]581JH^I!>53Y8/DCM40]K/ZV(JEB>\6SRO3*#RM_K,JO.J`A:THT
M1[4<;:7V=+5]=4/U)9V7KDLW61-6LZEF1I^BWUD+U2ZI/6+@X3]3%XSNQI7&
MJ;K(NI&ZY_5Y]8<:V`W:A@N-GHUK&N\U)33]IAEMEC>?;'%L:6^96A:S;$<K
MU%K:>K+-N:VS;7IYXO)=[=3VRO8_=?AU]'=\OR)_Q;%.N\[EG7=7)J[<VV76
MI>^ZL2I\U?;5Z&KUZHDU`6NVK'G=K>C^HL>O9[#GAUYY[Q=K16N'UOZXKFS=
M1%]PW[;UQ/7:]=<W1&W8U<_N;^J_NS%MX^$!;*![X/M-Q9O.#08.;M],W6S<
M/#F4^D\`I`%;_IBXF229D)G\FFB:U9M"FZ^<')R)G/>=9)W2GD">KI\=GXN?
M^J!IH-BA1Z&VHB:BEJ,&HW:CYJ16I,>E.*6IIAJFBZ;]IVZGX*A2J,2I-ZFI
MJARJCZL"JW6KZ:Q<K-"M1*VXKBVNH:\6KXNP`+!UL.JQ8+'6LDNRPK,XLZZT
M);2<M1.UBK8!MGFV\+=HM^"X6;C1N4JYPKH[NK6[+KNGO"&\F[T5O8^^"KZ$
MOO^_>K_UP'#`[,%GP>/"7\+;PUC#U,11Q,[%2\7(QD;&P\=!Q[_(/<B\R3K)
MN<HXRK?+-LNVS#7,M<TUS;7.-LZVSS?/N-`YT+K1/-&^TC_2P=-$T\;42=3+
MU4[5T=95UMC77-?@V&38Z-ELV?':=MK[VX#<!=R*W1#=EMX<WJ+?*=^OX#;@
MO>%$X<SB4^+;XV/CZ^1SY/SEA.8-YI;G'^>IZ#+HO.E&Z=#J6^KEZW#K^^R&
M[1'MG.XH[K3O0._,\%CPY?%R\?_RC/,9\Z?T-/3"]5#UWO9M]OOWBO@9^*CY
M./G'^E?ZY_MW_`?\F/TI_;K^2_[<_VW__P(,`/>$\_L*#0IE;F1S=')E86T-
M96YD;V)J#38R(#`@;V)J/#PO4W1E;58@.#(O1F]N=$YA;64O5&EM97-.97=2
M;VUA;E!3350O1F]N=%-T<F5T8V@O3F]R;6%L+T9O;G1796EG:'0@-#`P+T9L
M86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT0D)O>%LM-38X("TS,#<@,C`P,"`Q
M,#`W72]!<V-E;G0@.#DQ+T9O;G1&86UI;'DH5&EM97,@3F5W(%)O;6%N*2]#
M87!(96EG:'0@-C4V+UA(96EG:'0@+34T-B]4>7!E+T9O;G1$97-C<FEP=&]R
M+TET86QI8T%N9VQE(#`^/@UE;F1O8FH--C,@,"!O8FH\/"]3=&5M5B`Q,S8O
M1F]N=$YA;64O5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&;VYT4W1R971C:"].
M;W)M86PO1F]N=%=E:6=H="`W,#`O1FQA9W,@,S0O1&5S8V5N="`M,C$V+T9O
M;G1"0F]X6RTU-3@@+3,P-R`R,#`P(#$P,C9=+T%S8V5N="`X.3$O1F]N=$9A
M;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A<$AE:6=H="`V-38O6$AE:6=H="`M
M-30V+U1Y<&4O1F]N=$1E<V-R:7!T;W(O271A;&EC06YG;&4@,#X^#65N9&]B
M:@TV-"`P(&]B:CP\+T]032`Q+T]0(&9A;'-E+V]P(&9A;'-E+U1Y<&4O17AT
M1U-T871E+U-!(&9A;'-E+U--(#`N,#(^/@UE;F1O8FH-,2`P(&]B:CP\+T9I
M<G-T(#,V,R],96YG=&@@.#`U+T9I;'1E<B]&;&%T941E8V]D92].(#0W+U1Y
M<&4O3V)J4W1M/CYS=')E86T-"GC:[)9-3]M`$(;_RDJ]M(=V=V<_;$LH$E]I
M(R`@DJH'U(-)EF`1[,@X+?S[ONLA$`XM[*'JI5*28=;O/C/>=VTV$TKD(K>B
M$`:_6@FKC-!:^`P9B<)JH8TH<B=TO$R%T/A391!YZ'0FXD=[R'),4+@("=E"
MD$(LC*!(,)D@0LRU($RUY`6!9S/DF.(`PY!VX!!X7B$'SSODX/G""P->AG8,
M>%F.'+P<B0$OSY"#5Z"8B2UXY$`HW$DLK1SR'*THY&A-6X\;12RT`)((8DN(
MZ,^B98-FK$5$?]:A5?1G8\OHSX+GT)\%SZ&_>*L._3GP/&"QY<P;X<#+\TPX
M@]:QE#L[\@AKK<2Y/"O;4'?3-@2L^\N!<;COCL*#T/*\68:3<A4]B9+IPRK(
M2=>N9[WNO&FZP2`R+\"&(-K4!\O!<?`<,@XYA[YH-*@/F@-3B"G$%&(*,868
M0DPAIABF&*88IABF&*88IABF&*88IABF6*98IEBF6*98IEBF6*98IEBFV)[R
M79Z)?EA.Y"3,.GE<UHOWA^./G_<^]&LU7M_>7:BXO:.Z'[H.Y3RT\DR.ZF55
MA\EUB64>5HMU&^1!VZSVR]4F/5UW42(GJ[*6D_7EW:RM5MTF785V>V!ZNHOO
M/IQ=A'>D4/D291XO#?M+,+.Z"<UZ,P/.[S7W\J#Z(<=->ULNT=5A/:^;+F``
M/T-X_IQ]K='X<T/#9KEL?H;Y%^R3.'SS5&P4JXWDL"UO0T]_<9-HE`6#P?^=
M]+23L#-VXY,;-].14-A8^>/&VEBS$*Z?W^^B+:U^@U8]:BE!:Q*T-D'K$K1^
M2[MY<'ZGS1*T>8*V2-#JMQA'&W&*<SK%.IWBG4XQ3Z>XIWV*.$L1YRGBX@UB
MO7E"5(HXZ=E+<9!2'*04!RG%04IQD%(<I!0'J4AY;ZD4<8J#)NGUF>*@27'0
MI#AH4APTK[Y#\2]^%G:ONM`*]4GU1XC=9;7`>:0KVTZ>X@3T$`\8W]JJJ^K%
M23,/\KB=7O+$O7#5M.%IY@@'BKKK4QP[MK(>]IS_M<K&_[%TO/RO:I.CUXKO
M0P>#_M::_Q)@`&R[8-4-"F5N9'-T<F5A;0UE;F1O8FH-,B`P(&]B:CP\+TYU
M;7-;,"`S(#`@4ET^/@UE;F1O8FH-,R`P(&]B:CP\+U,O1#X^#65N9&]B:@TT
M(#`@;V)J/#PO0V]U;G0@,2]4>7!E+U!A9V5S+TMI9'-;-38@,"!273X^#65N
M9&]B:@TU(#`@;V)J/#PO4W5B='EP92]834PO3&5N9W1H(#0S-C4O5'EP92]-
M971A9&%T83X^<W1R96%M#0H\/WAP86-K970@8F5G:6X](N^[OR(@:60](E<U
M33!-<$-E:&E(>G)E4WI.5&-Z:V,Y9"(_/@H\>#IX;7!M971A('AM;&YS.G@]
M(F%D;V)E.FYS.FUE=&$O(B!X.GAM<'1K/2(S+C$M-S`Q(CX*("`@/')D9CI2
M1$8@>&UL;G,Z<F1F/2)H='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D
M9BUS>6YT87@M;G,C(CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O
M=70](B(*("`@("`@("`@("`@>&UL;G,Z<&1F/2)H='1P.B\O;G,N861O8F4N
M8V]M+W!D9B\Q+C,O(CX*("`@("`@("`@/'!D9CI0<F]D=6-E<CY!8W)O8F%T
M($1I<W1I;&QE<B`W+C`N-2`H5VEN9&]W<RD\+W!D9CI0<F]D=6-E<CX*("`@
M("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@
M<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.G!D9G@](FAT='`Z+R]N
M<RYA9&]B92YC;VTO<&1F>"\Q+C,O(CX*("`@("`@("`@/'!D9G@Z0V]M<&%N
M>3Y396-U<FET:65S(&%N9"!%>&AA;F=E($-O;6UI<W-I;VX\+W!D9G@Z0V]M
M<&%N>3X*("`@("`@("`@/'!D9G@Z4V]U<F-E36]D:69I960^1#HR,#`W,#,Q
M,C$S,#<T-SPO<&1F>#I3;W5R8V5-;V1I9FEE9#X*("`@("`@/"]R9&8Z1&5S
M8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B
M"B`@("`@("`@("`@('AM;&YS.GAA<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X
M87`O,2XP+R(^"B`@("`@("`@(#QX87`Z0W)E871O<E1O;VP^06-R;V)A="!0
M1$9-86ME<B`W+C`N-R!F;W(@5V]R9#PO>&%P.D-R96%T;W)4;V]L/@H@("`@
M("`@("`\>&%P.DUO9&EF>41A=&4^,C`P-RTP,RTQ-%0P.#HU-SHQ-BTP-#HP
M,#PO>&%P.DUO9&EF>41A=&4^"B`@("`@("`@(#QX87`Z0W)E871E1&%T93XR
M,#`W+3`S+3$T5#`X.C4V.C4W+3`T.C`P/"]X87`Z0W)E871E1&%T93X*("`@
M("`@("`@/'AA<#I-971A9&%T841A=&4^,C`P-RTP,RTQ-%0P.#HU-SHQ-BTP
M-#HP,#PO>&%P.DUE=&%D871A1&%T93X*("`@("`@/"]R9&8Z1&5S8W)I<'1I
M;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@
M("`@("`@('AM;&YS.GAA<$U-/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q
M+C`O;6TO(CX*("`@("`@("`@/'AA<$U-.D1O8W5M96YT240^=75I9#IA-V$T
M964Q8RUC,#<V+31E8C`M.&-D8BTU-C-D9#@Q,CAB9#,\+WAA<$U-.D1O8W5M
M96YT240^"B`@("`@("`@(#QX87!-33I);G-T86YC94E$/G5U:60Z8S5F.64Q
M.#`M9&5E82TT-#(S+6$U8V(M8C(W.#DU,F9E8F8R/"]X87!-33I);G-T86YC
M94E$/@H@("`@("`@("`\>&%P34TZ5F5R<VEO;DE$/@H@("`@("`@("`@("`\
M<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3XR/"]R9&8Z;&D^"B`@
M("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]X87!-33I697)S:6]N
M240^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R
M:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SID8STB:'1T
M<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/@H@("`@("`@("`\9&,Z
M9F]R;6%T/F%P<&QI8V%T:6]N+W!D9CPO9&,Z9F]R;6%T/@H@("`@("`@("`\
M9&,Z=&ET;&4^"B`@("`@("`@("`@(#QR9&8Z06QT/@H@("`@("`@("`@("`@
M("`\<F1F.FQI('AM;#IL86YG/2)X+61E9F%U;'0B/DIA;G5A<GD@."P@,C`P
M,SPO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI!;'0^"B`@("`@("`@(#PO
M9&,Z=&ET;&4^"B`@("`@("`@(#QD8SIC<F5A=&]R/@H@("`@("`@("`@("`\
M<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL:3YU<SPO<F1F.FQI/@H@
M("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO9&,Z8W)E871O<CX*
M("`@("`@("`@/&1C.G-U8FIE8W0^"B`@("`@("`@("`@(#QR9&8Z4V5Q/@H@
M("`@("`@("`@("`@("`\<F1F.FQI+SX*("`@("`@("`@("`@/"]R9&8Z4V5Q
M/@H@("`@("`@("`\+V1C.G-U8FIE8W0^"B`@("`@(#PO<F1F.D1E<V-R:7!T
M:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB(@H@("`@
M("`@("`@("!X;6QN<SIP:&]T;W-H;W`](FAT='`Z+R]N<RYA9&]B92YC;VTO
M<&AO=&]S:&]P+S$N,"\B/@H@("`@("`@("`\<&AO=&]S:&]P.FAE861L:6YE
M/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@/')D9CIL
M:2\^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@/"]P:&]T;W-H
M;W`Z:&5A9&QI;F4^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N/@H@("`\+W)D
M9CI21$8^"CPO>#IX;7!M971A/@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("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@"CP_
M>'!A8VME="!E;F0](G<B/SX-"F5N9'-T<F5A;0UE;F1O8FH--B`P(&]B:CP\
M+T-R96%T:6]N1&%T92A$.C(P,#<P,S$T,#@U-C4W+3`T)S`P)RDO075T:&]R
M*'5S*2]#<F5A=&]R*$%C<F]B870@4$1&36%K97(@-RXP+C<@9F]R(%=O<F0I
M+U!R;V1U8V5R*$%C<F]B870@1&ES=&EL;&5R(#<N,"XU(%PH5VEN9&]W<UPI
M*2]-;V1$871E*$0Z,C`P-S`S,30P.#4W,38M,#0G,#`G*2]#;VUP86YY*%-E
M8W5R:71I97,@86YD($5X:&%N9V4@0V]M;6ES<VEO;BDO4V]U<F-E36]D:69I
M960H1#HR,#`W,#,Q,C$S,#<T-RDO5&ET;&4H2F%N=6%R>2`X+"`R,#`S*3X^
M#65N9&]B:@UX<F5F#0HP(#4T#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P
M,#8U-3@@,#`P,#`@;@T*,#`P,#`P-S0U."`P,#`P,"!N#0HP,#`P,#`W-#DQ
M(#`P,#`P(&X-"C`P,#`P,#<U,30@,#`P,#`@;@T*,#`P,#`P-S4V-2`P,#`P
M,"!N#0HP,#`P,#$R,#`V(#`P,#`P(&X-"C`P,#`P,#`P,#`@-C4U,S4@9@T*
M,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P
M,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P
M(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S
M-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*
M,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P
M,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P
M(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S
M-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*
M,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P
M,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P
M(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S
M-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*
M,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P
M,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P
M(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S
M-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*
M,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P
M,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P
M(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S
M-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*
M,#`P,#`P,#`P,"`V-34S-2!F#0IT<F%I;&5R#0H\/"]3:7IE(#4T/CX-"G-T
587)T>')E9@T*,3$V#0HE)45/1@T*
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
