-----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,
 JSz7Kaek5PKH3Ver32I9LbhG2ElPKKyDXiGZ+SZENdBOTWoXQn0pm9Af8H5mPJeu
 0uXCJvbxuTvBf3cCU21YlQ==

<SEC-DOCUMENT>0001169232-08-000628.txt : 20080214
<SEC-HEADER>0001169232-08-000628.hdr.sgml : 20080214
<ACCEPTANCE-DATETIME>20080214123446
ACCESSION NUMBER:		0001169232-08-000628
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080214
DATE AS OF CHANGE:		20080214
GROUP MEMBERS:		CHEYNE GENERAL PARTNER INC.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TITAN INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000899751
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				363228472
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-42929
		FILM NUMBER:		08611440

	BUSINESS ADDRESS:	
		STREET 1:		2701 SPRUCE ST
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301
		BUSINESS PHONE:		2172286011

	MAIL ADDRESS:	
		STREET 1:		2701 SPRUCE ST
		CITY:			QUINCY
		STATE:			IL
		ZIP:			62301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TITAN WHEEL INTERNATIONAL INC
		DATE OF NAME CHANGE:	19930403

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cheyne Capital Management (UK) LLP
		CENTRAL INDEX KEY:			0001390457
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		STORNAWAY HOUSE
		STREET 2:		13 CLEVELAND ROW
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 3DH
		BUSINESS PHONE:		011-44(0)2070317450

	MAIL ADDRESS:	
		STREET 1:		STORNAWAY HOUSE
		STREET 2:		13 CLEVELAND ROW
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 3DH
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>d73592_sc13ga.htm
<DESCRIPTION>AMENDMENT NO. 5 TO SCHEDULE 13G
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-FAMILY: 'Times New Roman'" bgcolor="#ffffff">
        <div style="WIDTH: 600px">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 5.25pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="648" border="0">
                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <b><font size="2">UNITED STATES</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <b><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <b><font size="2">Washington, D.C. 20549</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 21.35pt; page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
                            <b><font size="2">SCHEDULE 13G</font></b></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
                            <b><font size="2">Under the Securities Exchange Act of
                            1934</font></b></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
                            <b><font size="2">(Amendment No. 5)</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" align="center" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 147.42%" align="center">
                            <font size="2">TITAN INTERNATIONAL, INC.</font></p>
                            <hr width="600" noshade size="1">
                            <font size="2"><font size="2">(Name of Issuer)</font><br>
                            </font>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 147.42%" align="center">
                            <font size="2">Common Stock, no par value</font></p>
                            <hr width="600" noshade size="1">

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font size="2">(Title of Class of
                            Securities)</font></font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 2px" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 147.42%" align="center">
                            <font size="2">88830M102</font></p>
                            <hr width="600" noshade size="1">

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 147.42%" align="center">
                            <font size="2">&nbsp;(CUSIP Number)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 5.25pt; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 21.35pt" valign="top" width="648">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 147.42%" align="center">
                            <font size="2">December 31, 2007</font></p>
                            <hr width="600" noshade size="1">

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 147.42%" align="center">
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font size="2">(Date of Event which Requires Filing of
                            this Statement)</font></font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <div align="left">
                <font size="2">Check the appropriate box to designate the rule pursuant to which
                this Schedule is filed:</font>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 0.1in; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="228" border="0">
                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="38">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="40">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font face="Wingdings">x</font></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Rule 13d-1(b)</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="38">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="40">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font face="Wingdings">o</font></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Rule 13d-1(c)</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="38">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="40">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font face="Wingdings">o</font></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="150">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Rule 13d-1(d)</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="center">
                <table style="MARGIN-LEFT: 1.95pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr style="HEIGHT: 26.25pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 26.25pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <b><small>CUSIP</small> <small>NO.</small>
                            <font size="2">88830M102</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 26.25pt" valign="top" width="156">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;
                            </p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 26.25pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <b><small>PAGE</small> 2 <small>OF</small> 9
                            <small>PAGES</small></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            1<small>.</small></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>NAMES</small> <small>OF</small> <small>REPORTING</small>
                            <small>PERSONS</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>IRS</small> <small>IDENTIFICATION</small> <small>NOS.</small>
                            <small>OF</small> <small>ABOVE</small> <small>PERSONS</small>
                            <small>(ENTITIES ONLY)</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">Cheyne Capital Management (UK) LLP</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">2.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>CHECK</small> <small>THE</small> <small>APPROPRIATE</small>
                            <small>BOX</small> <small>IF</small> <small>A</small>
                            <small>MEMBER</small> <small>OF</small> <small>A</small>
                            <small>GROUP</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">(a</font><small>)</small>
                            <small><font size="2"><font face="Wingdings">o</font></font></small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>(</small><font size="2">b</font><small>)</small>
                            <font size="2"><font face="Wingdings">x</font></font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            3<small>.</small></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SEC</small> <small>USE</small> <small>ONLY</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">4.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>CITIZENSHIP</small> <small>OR</small> <small>PLACE</small>
                            <small>OF</small> <small>ORGANIZATION</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">England &amp; Wales</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" colspan="2" rowspan="4">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <small>NUMBER</small> <small>OF</small> <small>SHARES</small>
                            <small>BENEFICIALLY</small> <small>OWNED</small> <small>BY</small></p>

                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <small>EACH</small> <small>REPORTING</small> <small>PERSON</small>
                            <small>WITH</small></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">5.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SOLE</small> <small>VOTING</small> <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">1,500,000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">6.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: medium none; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SHARED</small> <small>VOTING</small> <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">0</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">7.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: medium none; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SOLE</small> <small>DISPOSITIVE</small> <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">1,500,000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">8.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SHARED</small> <small>DISPOSITIVE</small>
                            <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">0</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">9.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>AGGREGATE</small> <small>AMOUNT</small>
                            <small>BENEFICIALLY</small> <small>OWNED</small> <small>BY</small>
                            <small>EACH</small> <small>REPORTING</small> <small>PERSON</small></p>

                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">1,500,000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">10.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>CHECK</small> <small>IF</small> <small>THE</small>
                            <small>AGGREGATE</small> <small>AMOUNT</small> <small>IN</small>
                            <small>ROW</small> <small>(9)</small> <small>EXCLUDES</small>
                            <small>CERTAIN</small> <small>SHARES</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font face="Wingdings" size="2">o</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">11.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>PERCENT</small> <small>OF</small> <small>CLASS</small>
                            <small>REPRESENTED</small> <small>BY</small> <small>AMOUNT</small>
                            <small>IN</small> <small>ROW</small> <small>(9)</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">5.49%</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">12.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>TYPE</small> <small>OF</small> <small>REPORTING</small>
                            <small>PERSON</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">IA</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td width="42">
                        </td>

                        <td width="78">
                        </td>

                        <td width="57">
                        </td>

                        <td width="57">
                        </td>

                        <td width="156">
                        </td>

                        <td width="156">
                        </td>

                        <td width="78">
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="center">
                <table style="MARGIN-LEFT: 1.95pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
                    <tr style="HEIGHT: 26.25pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 26.25pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <b><small>CUSIP</small> <small>NO.</small>
                            <font size="2">88830M102</font></b></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 26.25pt" valign="top" width="156">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">&nbsp;
                            </p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 26.25pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <b><small>PAGE</small> 3 <small>OF</small> 9
                            <small>PAGES</small></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            1<small>.</small></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>NAMES</small> <small>OF</small> <small>REPORTING</small>
                            <small>PERSONS</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>IRS</small> <small>IDENTIFICATION</small> <small>NOS.</small>
                            <small>OF</small> <small>ABOVE</small> <small>PERSONS</small>
                            <small>(ENTITIES</small> <small>ONLY)</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">Cheyne General Partner Inc.</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">2.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>CHECK</small> <small>THE</small> <small>APPROPRIATE</small>
                            <small>BOX</small> <small>IF</small> <small>A</small>
                            <small>MEMBER</small> <small>OF</small> <small>A</small>
                            <small>GROUP</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">(a</font><small>)</small>
                            <small><font face="Wingdings">o</font></small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>(</small><font size="2">b</font><small>)</small>
                            <font size="2"><font face="Wingdings">x</font></font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            3<small>.</small></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SEC</small> <small>USE</small> <small>ONLY</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">4.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>CITIZENSHIP</small> <small>OR</small> <small>PLACE</small>
                            <small>OF</small> <small>ORGANIZATION</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">England &amp; Wales</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" colspan="2" rowspan="4">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <small>NUMBER</small> <small>OF</small> <small>SHARES</small>
                            <small>BENEFICIALLY</small> <small>OWNED</small> <small>BY</small></p>

                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <small>EACH</small> <small>REPORTING</small> <small>PERSON</small>
                            <small>WITH</small></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">5.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SOLE</small> <small>VOTING</small> <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">0</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">6.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: medium none; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SHARED</small> <small>VOTING</small> <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">1,500,000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">7.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: medium none; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SOLE</small> <small>DISPOSITIVE</small> <small>POWER</small></p>



                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">0</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="57">
                            <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">8.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: medium none; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="4">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>SHARED</small> <small>DISPOSITIVE</small>
                            <small>POWER</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">1,500,000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">9.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>AGGREGATE</small> <small>AMOUNT</small>
                            <small>BENEFICIALLY</small> <small>OWNED</small> <small>BY</small>
                            <small>EACH</small> <small>REPORTING</small> <small>PERSON</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">1,500,000</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">10.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="5">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>CHECK</small> <small>IF</small> <small>THE</small>
                            <small>AGGREGATE</small> <small>AMOUNT</small> <small>IN</small>
                            <small>ROW</small> <small>(9)</small> <small>EXCLUDES</small>
                            <small>CERTAIN</small> <small>SHARES</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font face="Wingdings" size="2">o</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">11.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>PERCENT</small> <small>OF</small> <small>CLASS</small>
                            <small>REPRESENTED</small> <small>BY</small> <small>AMOUNT</small>
                            <small>IN</small> <small>ROW</small> <small>(9)</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">5.49%</font></b></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 20.15pt; page-break-inside: avoid">
                        <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">12.</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.25pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 5.25pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; HEIGHT: 20.15pt" valign="top" colspan="6">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <small>TYPE</small> <small>OF</small> <small>REPORTING</small>
                            <small>PERSON</small></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <b><font size="2">CO</font></b></p>
                        </td>
                    </tr>

                    <tr>
                        <td width="42">
                        </td>

                        <td width="78">
                        </td>

                        <td width="57">
                        </td>

                        <td width="57">
                        </td>

                        <td width="156">
                        </td>

                        <td width="156">
                        </td>

                        <td width="78">
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><font size="2">Page 4
            of 9 Pages</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">

    <table style="MARGIN-LEFT: 0.1in; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="656" border="0">
      <tr style="HEIGHT: 15.5pt; page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Item 1.</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(a)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Name of Issuer:</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Titan International, Inc.</font></p></td>
      </tr>
      <tr style="HEIGHT: 15.5pt; page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;
          </p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(b)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Address of Issuer's Principal Executive Offices:</font></p>
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">2701 Spruce Street</font></p>
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Quincy, Illinois 62301</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="3">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
          </p></td>
      </tr>
      <tr style="HEIGHT: 15.5pt; page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Item 2.</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(a)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Name of Person Filing:</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">This Schedule 13G is being filed jointly by Cheyne
            Capital Management (UK) LLP and Cheyne General Partner Inc.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
          </p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(b)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Address of Principal Business Office or, if none, Residence:</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">The address of Cheyne Capital Management (UK) LLP is
            Stornoway House, 13 Cleveland Row, London, SW1A 3DH, England.</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">The address of Cheyne General Partner Inc. is Walker
            House, Mary Street, PO Box 908GT, Grand Cayman, Cayman Islands.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
          </p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(c)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Citizenship:</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Cheyne Capital Management (UK) LLP is a limited liability
            partnership incorporated under the laws of England and Wales.</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Cheyne General Partner Inc. is a Cayman Islands corporation.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
          </p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(d)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Title of Class of Securities:</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Common Stock, no par value</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
          </p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(e)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">CUSIP Number:</font></p>
          <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 23.3pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">88830M102</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" colspan="3">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
          </p></td>
      </tr>
      <tr style="HEIGHT: 15.5pt; page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Item 3.</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">If this statement is filed pursuant to &sect;&sect;240.13d-1(b)
            or 240.13d-2(b) or (c), check whether the person filing is a:</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td align="right" valign="top" style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"><font size="2">(a)</font>
        </td>
        <td align="center" valign="top" style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"><font face="Wingdings" size="2">o</font>
        </td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top"><font size="2">Broker
          or dealer registered under Section 15 of the Act.</font> </td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(b)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
            <font face="Wingdings" size="2">o</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Bank as defined in Section 3(a)(6) of the Act.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(c)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
            <font face="Wingdings" size="2">o</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Insurance company as defined in Section 3(a)(19) of
            the Act.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(d)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
            <font face="Wingdings" size="2">o</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Investment company registered under Section 8 of the
            Investment Company Act of 1940.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(e)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
            <font face="Wingdings" size="2">x</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">An investment adviser in accordance with &sect;240.13d-1(b)(1)(ii)(E).*</font></p>
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">* Cheyne Capital Management (UK) LLP only.</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(f)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
            <font face="Wingdings" size="2">o</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">An employee benefit plan or endowment fund in accordance
            with &sect;240.13d-1(b)(1)(ii)(F).</font></p></td>
      </tr>
      <tr style="page-break-inside: avoid">
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
            <font size="2">(g)</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
            <font face="Wingdings" size="2">o</font></p></td>
        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">A parent holding company or control person in accordance
            with &sect;240.13d-1(b)(1)(ii)(G).</font></p></td>
      </tr>
    </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><font size="2">Page 5
            of 9 Pages</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 0.1in; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="656" border="0">
                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
                            <font size="2">(h)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font face="Wingdings" size="2">o</font></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">A savings association as defined in Section 3(b) of the
                            Federal Deposit Insurance Act.</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
                            <font size="2">(i)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font face="Wingdings" size="2">o</font></font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">A church plan that is excluded from the definition of an
                            investment company under Section 3(c)(14) of the Investment Company Act
                            of 1940.</font></p>
                        </td>
                    </tr>

                    <tr style="page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">
                            <font size="2">(j)</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="42">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center">
                            <font size="2"><font face="Wingdings" size="2">o</font></font></p>
                        </td>


                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="536">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Group, in accordance with
                            &sect;240.13d-1(b)(1)(ii)(J).</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 4.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Ownership.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 117.2pt; page-break-inside: avoid">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 117.2pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: right">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 117.2pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount
                            Beneficially Owned: **</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">&nbsp;
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percent
                            of Class: **</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">&nbsp;
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number
                            of Shares as to which the person has:</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">&nbsp;
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: left">
                            <font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sole
                            power to vote or direct the vote: **</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: left">
                            <font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shared
                            power to vote or direct the vote: **</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: left">
                            <font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sole
                            power to dispose or direct the disposition of: **</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 1in; TEXT-ALIGN: left">
                            <font size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shared
                            power to dispose or direct the disposition of: **</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">&nbsp;
                            </p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">
                            <font size="2">** See Attachment A</font></p>

                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="3">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 5.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Ownership of Five Percent or Less of a Class.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">If this statement is being filed to report the fact that
                            as of the date hereof the reporting person has ceased to be the
                            beneficial owner of more than five percent of the class of securities,
                            check the following
                            <font face="Wingdings" size="2">o</font>.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="3">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 6.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Ownership of More than Five Percent on Behalf of Another
                            Person.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 26.45pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Cheyne Special Situations Fund L.P., a Cayman Islands
                            limited partnership.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="3">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 7.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Identification and Classification of the Subsidiary
                            Which Acquired the Security Being Reported on By the Parent Holding
                            Company or Control Person.<br>
                            </font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>


        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="bottom" colspan="2">
          <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 26.45pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
            <font size="2">Not applicable.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="3">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 8.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Identification and Classification of Members of the
                            Group.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 26.45pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Not applicable.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="3">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 9.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Notice of Dissolution of Group.</font></p>
                        </td>
                    </tr>

                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" colspan="2">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 26.45pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Not applicable.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><font size="2">Page 6
            of 9 Pages</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <div align="left">
                <table style="MARGIN-LEFT: 0.1in; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="656" border="0">
                    <tr style="HEIGHT: 15.5pt">
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Item 10.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 15.5pt" valign="top" width="578">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 6pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Certification.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="78">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 3pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0.1in; PADDING-LEFT: 0.1in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="578">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 26.45pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">By signing below I certify that, to the best of my
                            knowledge and belief, the securities referred to above were not
                            acquired and are not held for the purpose of or with the effect of
                            changing or influencing the control of the issuer of the securities and
                            were not acquired and are not held in connection with or as a
                            participant in any transaction having that purpose or
                            effect.</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><font size="2">Page 7
            of 9 Pages</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">SIGNATURE</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.55in; TEXT-ALIGN: left">
            <font size="2">After reasonable inquiry and to the best of my knowledge and belief, I
            certify that the information set forth in this statement is true, complete and
            correct.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">Date: February 14, 2007</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">&nbsp;
            </p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">CHEYNE CAPITAL MANAGEMENT (UK) LLP</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">By</font>
            <u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
            Simon
            James&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: left">
            <font size="2">Name: Simon James</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="549" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="312">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="51">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Title:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="187">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Chief Compliance Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: left">&nbsp;
            </p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">CHEYNE GENERAL PARTNER INC.</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="575" border="0">
                    <tr>
                        <td valign="top" nowrap width="284">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td valign="top" nowrap width="291">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">By</font><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
                            Daniele
                            Hendry&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: left">
            <font size="2">Name: Daniele Hendry</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="436" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="312">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="51">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Title:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="73">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Director</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart-->
            <hr align="center" width="100%" noshade size="2">
            <PAGE><!-- EEDocs PBEnd-->

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><font size="2">Page 8
            of 9 Pages</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">AGREEMENT OF JOINT FILING</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">In accordance with Rule 13d-1(k) under the Act, the undersigned hereby
            agree to the joint filing with the other persons signatory below of a statement on
            Schedule 13G or any amendments thereto, with respect to the Common Stock of Titan
            International, Inc., and that this Agreement be included as an attachment to such
            filing.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">&nbsp;
            </p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">This Agreement may be executed in any number of counterparts each of
            which shall be deemed to be an original and all of which together shall be deemed to
            constitute one and the same Agreement.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">&nbsp;
            </p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on
            this&nbsp;day 14 of February, 2007.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">CHEYNE CAPITAL MANAGEMENT (UK) LLP</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">By</font>
            <u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Simon
            James&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: left">
            <font size="2">Name: Simon James</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="549" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="312">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="51">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Title:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="187">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Chief Compliance Officer</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: left">&nbsp;
            </p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; MARGIN-LEFT: 3.15in; TEXT-INDENT: -0.2in; TEXT-ALIGN: left">
            <font size="2">CHEYNE GENERAL PARTNER INC.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 2.95in; TEXT-ALIGN: left">
            <font size="2">By</font>
            <u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Daniele
            Hendry&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.25in; TEXT-ALIGN: left">
            <font size="2">Name: Daniele Hendry</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="436" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="312">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;
                            </p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="51">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Title:</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="73">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">Director</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <div align="left">
                &nbsp;
            </div>
            <PAGE>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"><font size="2">Page 9
            of 9 Pages</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">
            <b><font size="2">ATTACHMENT A</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="491" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="57">
                            <p style="TEXT-INDENT: 0in; TEXT-ALIGN: left" align="left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="39">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">1.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="395">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <u><font size="2">Beneficial Ownership</font></u> <font size="2">(Item
                            4(a) and (b) of Schedule 13G)</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">As of December 31, 2007, Cheyne Capital Management (UK) LLP
            (&ldquo;CCMUK&rdquo;), as the investment manager of Cheyne Special Situations Fund L.P.
            (&ldquo;CLP&rdquo;), may be deemed to have sole power to vote or to direct the voting
            of and to dispose or to direct the disposition of 1,500,000 shares of Common Stock of
            Titan International, Inc. (the &ldquo;Common Stock&rdquo;). Accordingly, CCMUK may be
            deemed to be the beneficial owner of the 1,500,000 shares of Common Stock, which, based
            on there being 27,339,301 shares of Common Stock outstanding as reported in the
            Form&nbsp;10-Q of Titan International, Inc. for the quarter ending September 30, 2007
            (the &ldquo;Form&nbsp;10-Q&rdquo;), represents approximately 5.49% of the outstanding
            Common Stock.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">As of December 31, 2007, Cheyne General Partner Inc.
            (&ldquo;CGP&rdquo;), as the general partner of CLP, may be deemed to have shared power
            to vote or to direct the voting of and to dispose or to direct the disposition of
            1,500,000 shares of Common Stock. Accordingly, CGP may be deemed to be the beneficial
            owner of the 1,500,000 shares of Common Stock, which, based on there being 27,339,301
            shares of Common Stock outstanding as reported in the Form&nbsp;10-Q, represents
            approximately 5.49% of the outstanding Common Stock.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">As of December 31, 2007, CLP was the direct beneficial owner of
            1,500,000 shares of Common Stock, which, based on there being 27,339,301 shares of
            Common Stock outstanding as reported in the Form 10-Q, represents approximately 5.49%
            of the outstanding Common Stock.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">Each of CCMUK and CGP disclaim beneficial ownership of the 1,500,000
            shares of Common Stock, except to the extent of any pecuniary interest
            therefrom.</font></p>

            <div align="left">
                <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="476" border="0">
                    <tr>
                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="57">
                            <p style="TEXT-INDENT: 0in; TEXT-ALIGN: left" align="left">&nbsp;</p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="39">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <font size="2">2.</font></p>
                        </td>

                        <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 12pt; PADDING-TOP: 0in" valign="top" nowrap width="380">
                            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
                            <u><font size="2">Power to Vote and Dispose</font></u>
                            <font size="2">(Item 4(c) of Schedule 13G)</font></p>
                        </td>
                    </tr>
                </table>
            </div>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">As of December 31, 2007, CCMUK may be deemed to have sole power to vote
            or to direct the voting of and to dispose or to direct the disposition of the 1,500,000
            shares of Common Stock.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">As of December 31, 2007, CGP may be deemed to have shared power to vote
            or to direct the voting of and to dispose or to direct the disposition of the 1,500,000
            shares of Common Stock.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-INDENT: 0.59in; TEXT-ALIGN: left">
            <font size="2">Each of CCMUK and CGP disclaim beneficial ownership of the 1,500,000
            shares of Common Stock, except to the extent of any pecuniary interest
            therefrom.</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
            <!-- EEDocs PBStart--><!-- EEDocs PBEnd-->
            <hr align="center" width="100%" noshade size="2">

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
        </div>
    </body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
