<SEC-DOCUMENT>0001193125-25-240898.txt : 20251016
<SEC-HEADER>0001193125-25-240898.hdr.sgml : 20251016
<ACCEPTANCE-DATETIME>20251016090553
ACCESSION NUMBER:		0001193125-25-240898
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251016
DATE AS OF CHANGE:		20251016

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fossil Group, Inc.
		CENTRAL INDEX KEY:			0000883569
		STANDARD INDUSTRIAL CLASSIFICATION:	WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				752018505
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-290141
		FILM NUMBER:		251396578

	BUSINESS ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080
		BUSINESS PHONE:		9722342525

	MAIL ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOSSIL INC
		DATE OF NAME CHANGE:	19940218

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fossil Group, Inc.
		CENTRAL INDEX KEY:			0000883569
		STANDARD INDUSTRIAL CLASSIFICATION:	WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				752018505
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080
		BUSINESS PHONE:		9722342525

	MAIL ADDRESS:	
		STREET 1:		901 S CENTRAL EXPRESSWAY
		CITY:			RICHARDSON
		STATE:			TX
		ZIP:			75080

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOSSIL INC
		DATE OF NAME CHANGE:	19940218
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>d53065dfwp.htm
<DESCRIPTION>FWP
<TEXT>
<HTML><HEAD>
<TITLE>FWP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Free Writing Prospectus </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Dated October&nbsp;16, 2025 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant to Rule 433 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration Statement <FONT STYLE="white-space:nowrap">Nos.&nbsp;333-290139</FONT> and <FONT STYLE="white-space:nowrap">333-290141</FONT>
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g53065g1016094054024.jpg" ALT="LOGO" STYLE="width:1.79722in;height:0.890278in;">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FOSSIL ANNOUNCES FURTHER EXTENSION OF EXCHANGE OFFER FOR ITS SENIOR NOTES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROVIDES UPDATE ON ITS UK PROCEEDING </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ADDRESSES MEDIA REPORT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Richardson,
TX</B> &#8211; <B>October</B><B></B><B>&nbsp;16, 2025</B> &#8211; Fossil Group, Inc. (NASDAQ: FOSL) (the &#8220;<U>Company</U>&#8221;) announced today that, in connection with its previously announced offer to exchange (the &#8220;<U>Exchange
Offer</U>&#8221;) and consent solicitation (the &#8220;<U>Consent Solicitation</U>&#8221;) with respect to its 7.00% Senior Notes due 2026 (the &#8220;<U>Old Notes</U>&#8221;), it has extended the expiration of the Exchange Offer, Consent
Solicitation and its concurrent rights offering (the &#8220;<U>Rights Offering</U>&#8221;) from 5:00pm New York City time on October&nbsp;15, 2025 to 5:00pm New York City time on October&nbsp;22, 2025. The Company intends to proceed concurrently
with the UK Proceeding on the previously disclosed schedule, and as described herein, and may make effective the UK Proceeding Amendments to the Indenture for the Old Notes prior to a definitive determination that the Company is required to proceed
with the UK Proceeding pursuant to the Transaction Support Agreement (and, if applicable, will make corresponding amendments to the Exchange Offer Amendments to the Old Notes Indenture). All other terms, provisions and conditions of the Exchange
Offer, Consent Solicitation and Rights Offering will remain in full force and effect, and capitalized terms used but not defined herein have the meanings ascribed to them in the prospectus included in the Registration Statements (as defined herein).
The Company reserves the right to terminate, withdraw, amend or further extend the Exchange Offer, the Consent Solicitation and the Rights Offering independently of each other at any time and from time to time, as described in the Registration
Statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of 5:00pm New York City time on October&nbsp;15, 2025, according to Epiq Corporate Restructuring, LLC, the Information, Exchange and
Subscription Agent for the Exchange Offer, Consent Solicitation and Rights Offering, the principal amount of Old Notes set forth in the table below had been validly tendered and not validly withdrawn (and consents thereby deemed validly given and
not validly revoked) in the Exchange Offer, Consent Solicitation and Supporting Holders Exchange (as defined in the Registration Statements). </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="35%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Option</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>CUSIP No.</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Principal<BR>Amount<BR>Tendered</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Percentage&nbsp;of<BR>$150,000,000<BR>Aggregate</B><br><B>Outstanding<BR>Principal&nbsp;Amount<BR>Tendered</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">New&nbsp;Money Participants</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7.00% Senior Notes due 2026</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">34988&nbsp;V304</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$106,870,250</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">71.25%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-New</FONT> Money Participants</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7.00% Senior Notes due 2026</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">34988 V304</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">$6,187,625</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4.13%</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>7.00% Senior Notes due 2026</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>34988 V304</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>$113,057,875</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>75.37%</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Update on UK Proceeding </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In relation to the UK Proceeding, at the convening hearing held on October&nbsp;15, 2025 in the High Court of Justice, Business and Property Courts of England
and Wales (the &#8220;<U>Court</U>&#8221;), Mr.&nbsp;Justice Cawson granted an order approving the application of Fossil (UK) Global Services Ltd. (&#8220;<U>Fossil UK</U>&#8221;) to convene a meeting of the holders of the Old Notes (the
&#8220;<U>Plan Creditors</U>&#8221;) to consider and vote on the UK Proceeding (the &#8220;<U>Plan Meeting</U>&#8221;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As previously disclosed, the Plan
Meeting is scheduled to take place on November&nbsp;6, 2025. If the UK Proceeding is approved by the requisite majority of Plan Creditors (75% by value of those present and voting) at the Plan Meeting, Fossil UK will return to the Court for a
sanction hearing on November&nbsp;10, 2025, at which hearing the Court will determine whether to exercise its discretion to sanction the UK Proceeding. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Statement Regarding Media Report </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It is generally Company
policy to not comment on market rumors or speculation. However, the Company is aware of a recent media report regarding a potential initial public offering of a Company subsidiary in India and believes it is prudent to note that while Fossil Group
regularly evaluates its capital structure and financing strategies, the Company is not currently pursuing an initial public offering of a Company subsidiary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has filed a registration statement (including a prospectus) on Form <FONT STYLE="white-space:nowrap">S-3,</FONT> as amended (File <FONT
STYLE="white-space:nowrap">No.&nbsp;333-290139)</FONT> (the &#8220;<U><FONT STYLE="white-space:nowrap">S-3</FONT> Registration Statement</U>&#8221;), and a registration statement (including a prospectus) on Form
<FONT STYLE="white-space:nowrap">S-4,</FONT> as amended (File <FONT STYLE="white-space:nowrap">No.&nbsp;333-290141)</FONT> (together with the <FONT STYLE="white-space:nowrap">S-3</FONT> Registration Statement, the &#8220;<U>Registration
Statements</U>&#8221;), in connection with the Exchange Offer, Consent Solicitation and Rights Offering with the U.S. Securities and Exchange Commission (the &#8220;<U>SEC</U>&#8221;). Before you invest, you should read the prospectus dated
September&nbsp;25, 2025 in the Registration Statements, any prospectus supplement thereto,&nbsp;and other documents the Company has filed with the SEC for more complete information about the Company and the offerings. You may get these documents for
free by visiting EDGAR on the SEC website (www.sec.gov). Alternatively, Epiq Corporate Restructuring, LLC will arrange to send you the prospectus if you request it by emailing registration@epiqglobal.com (with the subject line to include
&#8220;Fossil&#8221;) or via phone at +1 <FONT STYLE="white-space:nowrap">(646)&nbsp;362-6336.</FONT> Any questions regarding the terms of the transactions contemplated by the Registration Statements may be directed to Cantor Fitzgerald&nbsp;&amp;
Co., as dealer manager, via email at Ian.Brostowski@cantor.com (with the subject line to include &#8220;Fossil&#8221;) or phone at +1 (212) <FONT STYLE="white-space:nowrap">829-7145;</FONT> Attention: Tom Pernetti and Ian Brostowski. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Note About Forward Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
press release contains statements that are not purely historical and may be forward-looking statements within the meaning of Section&nbsp;27A of the Securities Act and Section&nbsp;21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements can be identified by words such as &#8220;anticipate,&#8221; &#8220;target,&#8221; &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;aim&#8221; &#8220;seek,&#8221;
&#8220;believe,&#8221; &#8220;continue,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;would,&#8221; &#8220;could&#8221; or &#8220;should&#8221; or other words of similar meaning. There are several factors which could cause the Company&#8217;s
actual plans and results to differ materially from those expressed or implied in forward-looking statements and these forward-looking statements are based on information available to us as of the date hereof and represent management&#8217;s current
views and assumptions. Such factors include, but are not limited to: risks related to the success of our restructuring and turnaround plans; risks related to strengthening our balance sheet and liquidity and improving working capital; risks related
to our planned <FONT STYLE="white-space:nowrap">non-core</FONT> asset sales; increased political uncertainty; the effect of worldwide economic conditions, including recessionary risks; the effect of pandemics; the impact of any activist
shareholders; the failure to meet the continued listing requirements of NASDAQ; significant changes in consumer spending patterns or preferences and lower levels of consumer spending resulting from inflation, a general economic downturn or generally
reduced shopping activity caused by public safety or consumer confidence concerns; interruptions or delays in the supply of key components or products; acts of war or acts of terrorism; loss of key facilities; a data security or privacy breach or
information systems disruptions; changes in foreign currency valuations in relation to the U.S. dollar; the performance of our products within the prevailing retail environment; customer acceptance of both new designs and newly-introduced product
lines; changes in the mix of product sales; the effects of vigorous competition in the markets in which we operate; compliance with debt covenants and other contractual provisions and our ability to meet debt service obligations; risks related to
the success of our business strategy; the termination or <FONT STYLE="white-space:nowrap">non-renewal</FONT> of material licenses; risks related to </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">foreign operations and manufacturing; changes in the costs of materials and labor; government regulation and
tariffs; our ability to secure and protect trademarks and other intellectual property rights; levels of traffic to and management of our retail stores; if the transactions contemplated by the Registration Statements are not consummated, the
potential delays and significant costs of alternative transactions, which may not be available to us on acceptable terms, or at all, which in turn may impact our ability to continue as a going concern; the significant costs incurred by us in
connection with the transactions contemplated by the Registration Statements; our inability to comply with the restrictive debt covenants contained in the new notes to be issued in connection with the Registration Statements; and loss of key
personnel or failure to attract and retain key employees and the outcome of current and possible future litigation. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk
factors discussed from time to time in the Company&#8217;s filings with the SEC, including, but not limited to, those described under the section entitled &#8220;Risk Factors&#8221; in our Annual Report on Form
<FONT STYLE="white-space:nowrap">10-K</FONT> filed with the SEC on March&nbsp;12, 2025, our Quarterly Reports on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> filed with the SEC on May&nbsp;15, 2025, and August&nbsp;14, 2025, and subsequent
filings with the SEC, which can be found at the SEC&#8217;s website at http://www.sec.gov. For the reasons described above, we caution you against relying on any forward-looking statements. Any forward-looking statement made by us in this press
release speaks only as of the date on which we make it. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of
the Company or its management as of any date subsequent to the date of this press release. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor Relations </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Christine Greany </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Blueshirt Group </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">christine@blueshirtgroup.com </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media Contact </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Brunswick Group LLP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fossilgroup@brunswickgroup.com </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g53065g1016094054024.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g53065g1016094054024.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !4 *H# 2(  A$! Q$!_\0
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MK8:?<WCJ62")I64=2%&?Z5Y2/V@=#P#_ &3?#(_O+7I?B/\ Y%C5?^O.7_T
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% "4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
*444 %%%% '__V0$!

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