<SEC-DOCUMENT>0001193125-16-801239.txt : 20161222
<SEC-HEADER>0001193125-16-801239.hdr.sgml : 20161222
<ACCEPTANCE-DATETIME>20161222083055
ACCESSION NUMBER:		0001193125-16-801239
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20161221
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161222
DATE AS OF CHANGE:		20161222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLOTEK INDUSTRIES INC/CN/
		CENTRAL INDEX KEY:			0000928054
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS CHEMICAL PRODUCTS [2890]
		IRS NUMBER:				900023731
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13270
		FILM NUMBER:		162065111

	BUSINESS ADDRESS:	
		STREET 1:		10603 W. SAM HOUSTON PARKWAY N
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
		BUSINESS PHONE:		7138499911

	MAIL ADDRESS:	
		STREET 1:		10603 W. SAM HOUSTON PARKWAY N
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d275827d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): December&nbsp;21, 2016 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Flotek Industries, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-13270</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>90-0023731</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>10603 W. Sam Houston Pkwy N., Suite 300</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Houston, Texas</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>77064</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (713)&nbsp;849-9911 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report.) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;21, 2016, Flotek Industries, Inc. (the
&#147;Company&#148;) received a letter from MHA Petroleum Consultants LLC (&#147;MHA&#148;) responding to criticisms by FourWorld Capital Management and others of prior reports prepared by MHA for the Company regarding the efficacy of the
Company&#146;s CnF chemical products. A copy of the letter from MHA is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information furnished pursuant to Item&nbsp;7.01 of this Current Report on Form 8-K and in Exhibit 99.1 shall not be deemed to be
&#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing of the Company&#146;s under the
Securities Exchange Act of 1933, as amended, except as otherwise expressly stated in such filing. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:55.75pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter from MHA Petroleum Consultants LLC, dated December 21, 2016.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>FLOTEK INDUSTRIES, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Date: December&nbsp;21, 2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Robert M. Schmitz</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Robert M. Schmitz</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President and Chief Financial Officer</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:55.75pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter from MHA Petroleum Consultants LLC, dated December 21, 2016.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d275827dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December&nbsp;21, 2016</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Casey&nbsp;W. Doherty, Sr.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">General Counsel, Flotek
Industries, Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Doherty&nbsp;&amp; Doherty LLP</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1717 St.
James Place, Suite 520</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Houston, TX 77056</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">


<IMG SRC="g275827ex99.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Review of Recent Reports Published Which Dispute MHA&#146;s Original Conclusions </B></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regarding the Use of CnF in Horizontal Wells in the DJ Basin, Colorado </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Mr.&nbsp;Doherty, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MHA Petroleum Consultants LLC (&#147;MHA&#148;) has reviewed recent publications by FourWorld Capital Management (&#147;Flotek: Drilling Down To Zero&#148;)
and RX Trading / Sylvania, LLC (&#147;Well Productivity, Completion Design and CnF Horizontal Wells in Weld County, CO&#148;). In addition, we have reviewed our original work documented in January 2016 (&#147;Effectiveness of CnF on Improving
Horizontal Well Performance Greater Wattenberg Area &#150; DJ Basin; Colorado&#148;) and updated our calculations, using our original data set, to include <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT>
as a CnF fluid. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The result of these reviews and revised calculations confirms our original conclusion from January 2016 that in our Focus Area 1 and
Focus Area 2 of the DJ Basin in Colorado, which were the more <FONT STYLE="white-space:nowrap">oil-prone</FONT> areas of our study, we observe a significant increase in the estimated ultimate oil recovery (&#147;EUR&#148;) per foot of gross
perforated interval in wells that were completed using the CnF additive. The result from Focus Area 3, which was the most <FONT STYLE="white-space:nowrap">gas-prone</FONT> area in our original study, remains inconclusive with only a marginal
increase in the EUR per foot of gross perforated interval productivity parameter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The referenced publication by FourWorld Capital Management suggests
that there were two trade names of CnF products that were missing from the MHA January 2016 evaluation. The two allegedly missing CnF trade names were OilPerm <FONT STYLE="white-space:nowrap">FMM-1</FONT> (97 wells) and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT> (30 wells). Flotek has advised us that while <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT> is a CnF fluid and
should have been included in the original evaluation, OilPerm <FONT STYLE="white-space:nowrap">FMM-1</FONT> is not a Flotek CnF product and, therefore, the 97 wells containing that product were correctly characterized in our original January 2016
report.<SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP STYLE="font-size:85%; vertical-align:top">1</SUP><SUP STYLE="font-size:85%; vertical-align:top"></SUP> </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The FourWorld Capital Management publication also questions whether five wells located in MHA&#146;s Focus Area 2 that include a notation for &#147;OilPerm&#148; on their FracFocus reports should have been classified as
CnF wells in MHA&#146;s original report. Whether these wells are classified as CnF wells or non-CnF wells does not have a meaningful impact on the results we described in our original report. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">With respect to Focus Area 3, MHA reclassified four wells as CnF wells. According to FracFocus, two of those wells in Focus Area&nbsp;3 were drilled with FDP-S1007-11 and two were drilled with FDP-S1084-13. The
reclassification of these wells does not meaningfully impact MHA&#146;s results for Focus Area&nbsp;3. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">730 17<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> Street, Suite 410, Denver, Colorado 80202 U.S.A.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Telephone: +1-303-277-0270 &nbsp;&nbsp;&nbsp;&nbsp;Fax: +1-303-277-0276</TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on this information, MHA reviewed the original database constructed in January and revised our calculations
to include <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT> as a CnF fluid. Accordingly, we have reclassified 38 wells as CnF wells. 36 of these wells were in Focus Area 1 and two of these wells were in
Focus Area 3. There was no change in Focus Area 2. After updating our calculations with the inclusion of the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT> as a CnF fluid, we obtain the results shown in
the following table: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="14%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:38.90pt; font-size:8pt; font-family:Times New Roman"><B>Focus Area</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Number&nbsp;of&nbsp;wells<BR>with CNF fluid<BR><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Improvement&nbsp;in<BR>Average&nbsp;Oil&nbsp;EUR<BR>per foot of gross<BR>perforated<BR>interval</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Area 1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Area 2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.6</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Area 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The referenced publications by FourWorld Capital Management and RX Trading / Sylvania, LLC further suggest that the original
results presented by MHA in January 2016 were influenced by the selection of the location and geographic footprint of the actual Focus Areas themselves. Their reports suggest that if MHA had instead centered our analyses on &#147;sweet spots&#148;
within our Focus Areas, we would have obtained different results. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MHA tested this hypothesis in two ways. First, the &#147;sweet spot&#148; within MHA
Focus Area 1 identified in the FourWorld Capital Management report is essentially the lower right quadrant of Focus Area 1, which is T9N &#150; R58W. The original MHA calculations were <FONT STYLE="white-space:nowrap">re-run</FONT> using only the
wells within T9N &#150; R58W, and the results indicated an improvement of 10.4% in the oil EUR per foot of gross perforated interval for wells which used the CnF additive in that referenced township. In our opinion, this is still a significant
improvement in well productivity, and it dispels the suggestion that if our Focus Area 1 were restricted to the &#147;sweet spot&#148; our conclusions would be different. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The second test of the hypothesis was done by analyzing the performance of localized clusters of wells. In this case, groups of wells within Focus Areas 1 and
2 which were located immediately adjacent to one another were evaluated using our original January 2016 database. Because of the immediate proximity of the wells, many of the variables which influence productivity were removed from the equation. For
example, the wells were drilled by the same operator, the wells were completed at the same time, the lateral length of the wells was the same, and the quality and thickness of the productive reservoir was the same. The primary variable remaining
which influenced oil production was the use of, or lack of, the CnF additive in the well completion. Three localized areas were studied within Focus Area 1 and two localized areas were evaluated within Focus Area 2 using our original data
set.&nbsp;&nbsp;&nbsp;&nbsp;The results indicated an improvement in oil EUR per well of 6% - 33% in Focus Area 1 and 9% - 36% in Focus Area 2. (Note that because the lateral length of wells within a localized cluster was the same, it was not
necessary to divide the EUR by the gross perforated interval.) Once again, this test dispels the suggestion that the Focus Areas selected by MHA were too large and that this influenced our conclusions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on the above conclusions, it is the opinion of MHA that our original conclusion reported in January 2016, which identified an improvement in oil
productivity in wells which used the CnF additive within Focus Areas 1 and 2, is still valid. The inclusion of <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">FDP-S1007-11</FONT></FONT> as a CnF additive, which was not included in
our original analyses, does not change our conclusion. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #000000">&nbsp;</P> <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g275827ex99_footer.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">MHA Petroleum Consultants LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Mr. Casey Doherty, Sr.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">December 21, 2016</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Page
2</P></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Further, if our analyses are restricted to the &#147;sweet spot&#148; identified by FourWorld Capital Management within Focus Area 1, or restricted further to localized well clusters, we still
obtain the same conclusion using our original data set which shows a demonstrated improvement in well productivity in Focus Areas 1 and 2 through the use of the CnF additive. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Timothy L. Hower </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Timothy L. Hower, CEO </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
<P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt;margin-bottom:1pt">


<IMG SRC="g275827ex99_footer.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">MHA Petroleum Consultants LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Mr.&nbsp;Casey&nbsp;Doherty,&nbsp;Sr.</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">December 21, 2016</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Page
3</P></TD></TR></TABLE>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g275827ex99.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g275827ex99.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M-/\ ^_3?_%4!]<J>0?\ "Z_%'_/#3_\ OTW_ ,50'URIY!_PNOQ1_P \-/\
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MU5H2/5FQ0!6'C&.-L7-FZKW9&SC\.* -O3]4L]3A\RTG60#J.A7ZB@"Y0 4
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M!'I0!Y1XG^&-W!*]UX?(EA/)M6;#+_ND]1[&@#SZ[M=3L9#'=Z?=0..SQ,*
M&6NFZOJD@CLM-NIV/]V(X_/I0!Z-X1^%,D<\=_XC*-L(9+-#N&?]L]_H* /5
M@ H  P!T H 6@#GKN+7Y/'5BUM<^3H<5JS7"% 1+(20 #U!'!H DLGU8^,]5
M2Y$O]EB"$VI(&S=SOP>N>G6@"/3EUF/1]:-Q)-)=_:+@VF\+D)SY>,#ITZT
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C#IZT ;M !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g275827ex99_footer.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g275827ex99_footer.jpg
M_]C_X  02D9)1@ !  $ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$  @&!@<&!0@'!P<*"0@*#18.#0P,#1L3%! 6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$ :(   $% 0$! 0$!           ! @,$!08'" D*"P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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(4X],@4 ?_]D!

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