<SEC-DOCUMENT>0001193125-13-240917.txt : 20130530
<SEC-HEADER>0001193125-13-240917.hdr.sgml : 20130530
<ACCEPTANCE-DATETIME>20130530120802
ACCESSION NUMBER:		0001193125-13-240917
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20130530
DATE AS OF CHANGE:		20130530
EFFECTIVENESS DATE:		20130530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYNALLOY CORP
		CENTRAL INDEX KEY:			0000095953
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL PIPE & TUBES [3317]
		IRS NUMBER:				570426694
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0809

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-188937
		FILM NUMBER:		13880601

	BUSINESS ADDRESS:	
		STREET 1:		775 SPARTAN BLVD., STE 102
		STREET 2:		P O BOX 5627
		CITY:			SPARTANBURG
		STATE:			SC
		ZIP:			29304
		BUSINESS PHONE:		864-585-3605

	MAIL ADDRESS:	
		STREET 1:		P O BOX 5627
		CITY:			SPARTANBURG
		STATE:			SC
		ZIP:			29304

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKMAN UHLER INDUSTRIES INC
		DATE OF NAME CHANGE:	19710510
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>d546045ds8.htm
<DESCRIPTION>2011 LONG-TERM INCENTIVE STOCK OPTION PLAN
<TEXT>
<HTML><HEAD>
<TITLE>2011 Long-Term Incentive Stock Option Plan</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>As filed with the Securities and Exchange Commission on May&nbsp;30, 2013 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B></B><B>Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></FONT></P>
<P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE
COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM S-8 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>REGISTRATION STATEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B><I>Under </I></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B><I>THE SECURITIES ACT OF 1933 </I></B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>SYNALLOY CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>57-0426694</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or other jurisdiction of</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>incorporation or organization)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(I.R.S. Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>775 Spartan Blvd., Suite 102 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>P.O. Box 5627 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Spartanburg, South Carolina 29304 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(864) 585-3605 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Address, including zip code, and telephone number, including area code, of registrant&#146;s principal executive offices) </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Synalloy Corporation </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>2011 Long-Term Incentive Stock Option Plan </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Full title of plan)
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Craig C. Bram </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>President and Chief Executive Officer </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Synalloy Corporation
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>775 Spartan Blvd., Suite 102 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>P.O. Box 5627 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Spartanburg, South Carolina 29304 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(864) 585-3605 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Name, address, including zip code, and telephone number, including area code, of agent for service) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Copies to:
</I></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Scott H. Richter, Esq. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>John C. Selbach, Esq. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>LeClairRyan, A Professional Corporation
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Riverfront Plaza, East Tower </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>951 East Byrd Street </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Richmond, Virginia 23219 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(804) 783-2003 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:0px;margin-bottom:0px;page-break-before:always"></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD></TR>


<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Large&nbsp;accelerated&nbsp;filer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Accelerated&nbsp;filer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-accelerated filer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;(Do not check if a smaller reporting company)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Smaller&nbsp;reporting&nbsp;company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CALCULATION OF REGISTRATION FEE </B></FONT></P> <P STYLE="font-size:4px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD></TR>


<TR STYLE="font-size:1px">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Title of securities</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>to be registered</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Amount</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>to be</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>registered (1)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Proposed</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>maximum</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>offering price</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>per share&nbsp;(2)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Proposed</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>maximum</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>aggregate</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>offering&nbsp;price&nbsp;(2)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Amount&nbsp;of</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>registration&nbsp;fee</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Common Stock, $1.00 par value</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">350,000 shares</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">$14.11</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">$4,938,500</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">$674</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">This registration statement also covers such additional and indeterminate number of shares of common stock of the registrant as may be issuable as a result of a stock
dividend, stock split, split-up, recapitalization or similar event. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act of 1933, as amended, based on the
average of the high and low prices of the registrant&#146;s common stock on May&nbsp;24, 2013, as reported on the NASDAQ Global Market. </FONT></TD></TR></TABLE> <P STYLE="font-size:10px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PART I </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The documents
containing the information specified in Part I will be sent or given to participants as specified by Rule 428 under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). Such documents are not being filed with the Securities and
Exchange Commission (the &#147;Commission&#148;) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. Such documents and the documents incorporated by reference in
this Registration Statement pursuant to Item&nbsp;3 of Part II of this Form, taken together, constitute a prospectus that meets the requirements of Section&nbsp;10(a) of the Securities Act. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PART II </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;3.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Incorporation of Documents by Reference. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The following documents, which have been filed with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), are hereby incorporated by reference in, and
shall be deemed to be a part of, this Registration Statement: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Annual Report on Form 10-K for the year ended December&nbsp;29, 2012 of Synalloy Corporation (the &#147;Company&#148;). </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company&#146;s Quarterly Report on Form 10-Q for the quarter ended March&nbsp;30, 2013. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">All other reports filed by the Company pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Annual Report
referred to in (a)&nbsp;above. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The description of the Company&#146;s common stock contained in its Registration Statement on Form 8-A, filed with the Commission on November&nbsp;26, 1991, including
any amendment or report filed with the Commission for the purpose of updating such description. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">All documents
subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities
then remaining unsold, shall be deemed to be incorporated herein by reference and shall be deemed a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference
herein and to be a part hereof shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </FONT></P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;4.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Description of Securities. </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Not applicable. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;5.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Interests of Named Experts and Counsel. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Not applicable. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">II-1
</FONT></P>


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


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;6.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Indemnification of Directors and Officers. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;145 of the Delaware General Corporation Law (the &#147;DGCL&#148;) permits indemnification of any person who is or was a director, officer, employee or agent of a corporation or enterprise,
against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with any threatened, pending or completed action, suit or proceeding other than an action by or in the right of the
corporation, by reason of being or having been in any such capacity, if he or she acted in good faith in a manner reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was unlawful. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;102(b)(7) of the DGCL enables a
corporation in its certificate of incorporation to eliminate or limit the personal liability of a director to the corporation or its stockholders of monetary damages for violations of the directors&#146; fiduciary duty of care, except (i)&nbsp;for
any breach of the director&#146;s duty of loyalty to the corporation or its stockholders, (ii)&nbsp;for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law, (iii)&nbsp;pursuant to Section&nbsp;174
of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv)&nbsp;for any transaction from which a director derived an improper personal benefit. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company&#146;s Restated Certificate of Incorporation and Bylaws, each as amended, provide that the Company shall indemnify its
directors, officers, employees, and agents to the fullest extent permitted by the DGCL. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company has a policy of
directors&#146; and officers&#146; liability insurance that insures its directors and officers against the cost of defense, settlement or payment of a judgment under certain circumstances. </FONT></P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;7.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exemption from Registration Claimed. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Not applicable. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;8.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:26pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Exhibit<BR>Number</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:83pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Description of the Exhibit</FONT></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Restated Certificate of Incorporation of Synalloy Corporation, as amended (incorporated by reference to Exhibit 3.1 to the Quarterly Report on Form 10-Q filed May 17,
2005).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bylaws of Synalloy Corporation, as amended (incorporated by reference to Exhibit 3.2 to the Quarterly Report on Form 10-Q filed May 15, 2001).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form of Common Stock Certificate (incorporated by reference to Exhibit 4.1 to the Quarterly Report on Form 10-Q filed May 15, 2001).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;5.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Opinion of LeClairRyan, A Professional Corporation.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">23.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent of Dixon Hughes Goodman LLP.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">23.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent of LeClairRyan, A Professional Corporation (included in Exhibit 5.0).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">24.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Power of Attorney (included on signature page).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">2011 Long-Term Incentive Stock Option Plan.</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">II-2
</FONT></P>


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


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Undertakings. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The undersigned
registrant hereby undertakes: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To include any prospectus required by section 10(a)(3) of the Securities Act of 1933; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof)
which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement; and
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
information in the registration statement; </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Provided, however</I>, that: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 or Form F-3 and the information required to
be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by
reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&#146;s annual report
pursuant to Section&nbsp;15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to applicable law, the registrant&#146;s Articles of Incorporation, as it may be amended from time to time, the
registrant&#146;s Bylaws or the registrant&#146;s indemnification agreements, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">II-3
</FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">II-4
</FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly
caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Spartanburg, State of South Carolina, on May&nbsp;30, 2013. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SYNALLOY CORPORATION</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Craig C. Bram</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig C. Bram</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">President and Chief Executive Officer</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been
signed by the following persons in the capacities and on the dates indicated. Each person whose signature appears below constitutes and appoints Craig C. Bram, Carroll D. Vinson and Richard D. Sieradzki, and each of them singly, as his true and
lawful attorneys-in-fact and agents, with full power of substitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments or post-effective amendments to this registration statement, hereby ratifying
and confirming such person&#146;s signature as it may be signed by said attorneys to any and all amendments. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="15%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:33pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Signature</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:30pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Capacity</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:16pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Date</B></FONT></P></TD></TR>


<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Craig C. Bram</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">President, Chief Executive Officer and Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Craig C. Bram</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(principal executive officer)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Richard D. Sieradzki</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President &#150; Finance and Chief Financial Officer</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(principal financial and accounting officer)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard D. Sieradzki</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Carroll D. Vinson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman of the Board and Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Carroll D. Vinson</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Murray H. Wright</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Murray H. Wright</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ James W. Terry, Jr.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">James W. Terry, Jr.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Henry L. Guy</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Henry L. Guy</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Anthony A. Callander</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 30, 2013</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Anthony A. Callander</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">II-5
</FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:26pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Exhibit<BR>Number</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:83pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1">Description of the Exhibit</FONT></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Restated Certificate of Incorporation of Synalloy Corporation, as amended (incorporated by reference to Exhibit 3.1 to the Quarterly Report on Form 10-Q filed May 17,
2005).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Bylaws of Synalloy Corporation, as amended (incorporated by reference to Exhibit 3.2 to the Quarterly Report on Form 10-Q filed May 15, 2001).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form of Common Stock Certificate (incorporated by reference to Exhibit 4.1 to the Quarterly Report on Form 10-Q filed May 15, 2001).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;5.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Opinion of LeClairRyan, A Professional Corporation.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">23.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent of Dixon Hughes Goodman LLP.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">23.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent of LeClairRyan, A Professional Corporation (included in Exhibit 5.0).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">24.0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Power of Attorney (included on signature page).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">2011 Long-Term Incentive Stock Option Plan.</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.0
<SEQUENCE>2
<FILENAME>d546045dex50.htm
<DESCRIPTION>EXHIBIT 5.0
<TEXT>
<HTML><HEAD>
<TITLE>Exhibit 5.0</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 5.0 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">


<IMG SRC="g546045ex5_0pg1.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">May&nbsp;30, 2013 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Board of Directors </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Synalloy Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">775 Spartan Boulevard </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Suite 102 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Spartanburg, South Carolina 29304 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Gentlemen: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We have acted as counsel to Synalloy Corporation, a Delaware corporation (the &#147;Company&#148;), in connection with the preparation
and filing of a Registration Statement on Form S-8 (the &#147;Registration Statement&#148;) with the Securities and Exchange Commission. The Registration Statement registers 350,000 shares of common stock, par value $1.00 per share, which have been
reserved for issuance under the Synalloy Corporation 2011 Long-Term Incentive Stock Option Plan (the &#147;Plan&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We
have examined the Registration Statement and such corporate records, certificates and other documents as we deemed necessary for the purpose of this opinion. Furthermore, we have made such factual inquiries and reviewed such laws as we determined to
be relevant for this opinion. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based upon and subject to the foregoing, it is our opinion that the 350,000 shares of common
stock which are authorized for issuance under the Plan, when issued and sold in accordance with the terms and provisions of the Plan, will be legally issued, fully paid and non-assessable. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit
that we are in the category of persons whose consent is required under Section&nbsp;7 of the Securities Act of 1933. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ LeClairRyan, A Professional Corporation</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">951 East Byrd Street, Eighth Floor </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richmond, Virginia 23219 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Phone: 804.783.2003 \ Fax: 804.783.2294 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">CALIFORNIA \ CONNECTICUT \ MASSACHUSETTS
\ MICHIGAN \ NEW JERSEY \ NEW YORK \ PENNSYLVANIA \ VIRGINIA \ WASHINGTON, D.C. </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>d546045dex231.htm
<DESCRIPTION>EXHIBT 23.1
<TEXT>
<HTML><HEAD>
<TITLE>Exhibt 23.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 23.1 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">


<IMG SRC="g546045ex23_1pg1.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">To the Board of Directors and Shareholders </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Synalloy Corporation </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We consent to the
incorporation by reference in the registration statement on Form S-8 of our reports dated March&nbsp;12, 2013, with respect to the consolidated financial statements of Synalloy Corporation and subsidiaries as of December&nbsp;29, 2012 and
December&nbsp;31, 2011, and for each of the years in the three-year period ended December&nbsp;29, 2012, and the effectiveness of internal control over financial reporting as of December&nbsp;29, 2012, incorporated herein by reference. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Dixon Hughes Goodman LLP</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Charlotte, North Carolina</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">May&nbsp;30, 2013</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>d546045dex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML><HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SYNALLOY CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>2011 Long-Term Incentive Stock Option Plan
</U></B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Purpose</U>. This 2011 Long-Term Incentive Stock Option Plan (the &#147;2011 Plan&#148;) is intended to provide key executive employees of Synalloy Corporation (the
&#147;Company,&#148; which term shall include Synalloy Corporation and any of its affiliates or subsidiaries) with the opportunity to participate in the Company&#146;s future prosperity and growth by purchasing stock of the Company. The purpose of
the 2011 Plan is to provide long-term incentive for gain through outstanding service to the Company and its shareholders and to assist in attracting and retaining executives of ability and initiative. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Administration</U>. The 2011 Plan shall be administered by the Compensation&nbsp;&amp; Long Term Incentive Committee (the &#147;Committee&#148;) which shall consist
of three members of the Company&#146;s Board of Directors who are Non-Employee Directors. Members of the Committee are not eligible to participate in the 2011 Plan (or any other option or incentive plan of the Company) while serving on the
Committee, nor shall they have been so eligible for the twelve (12)&nbsp;months immediately preceding such appointment. A Non-Employee Director shall mean a director who (1)&nbsp;is not currently an officer of the Company (as defined in 17 CFR
&#167; 240.16a-1(f)) or a parent or subsidiary of the Company, or otherwise currently employed by the Company or a parent or subsidiary of the Company; (2)&nbsp;does not receive compensation, either directly or indirectly, from the Company or a
parent or subsidiary of the Company, for services rendered as a consultant or in any capacity other than as a director, except for an amount that does not exceed the dollar amount for which disclosure would be required pursuant to 17 CFR
&#167;&nbsp;229.404(a); (3)&nbsp;does not possess an interest in any other transaction for which disclosure would be required pursuant to 17 CFR &#167; 229.404(a); and (4)&nbsp;is not engaged in a business relationship for which disclosure would be
required pursuant to 17 CFR &#167;&nbsp;229.404(b). </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Committee shall have complete authority and discretion
to interpret all provisions of this Plan consistent with law, to prescribe the form of instruments evidencing the stock options granted under the 2011 Plan, to adopt, amend, and rescind general and special rules and regulations for its
administration, and to make all other determinations necessary or advisable for the administration of the 2011 Plan. No member of the Committee shall be liable for any action or determination in respect thereto, if made in good faith, and shall be
entitled to indemnification by the Company with respect to all matters arising from his service on the Committee to the fullest extent allowable under applicable law. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Eligibility</U>. Any salaried employee of the Company who in the judgment of the Committee occupies a management position in which his efforts contribute to the
profit and growth of the Company may be granted one or more options under the 2011 Plan. The Committee will designate employees to whom options are to be granted; will designate options granted under the 2011 Plan as Incentive Stock Options
(&#147;ISOs&#148;) as defined in Section&nbsp;422(b) of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;); and will specify the number of shares subject to each option. Options not designated as ISOs shall be Non-Qualified Options
(&#147;NQOs&#148;). The Committee shall have the discretion to determine to what extent, if any, persons employed on a part-time or consulting basis will be eligible to participate in the 2011 Plan; provided however, that an employee who,
immediately before an option is granted, owns more than 10% of the combined voting power of the Company, shall not be eligible for the grant of an ISO unless such grant complies with the requirements of Section&nbsp;422(c)(5) of the Code.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Stock</U>. There shall be reserved for the granting of awards pursuant to the 2011 Plan, and for issuance and sale pursuant to such awards, 350,000 shares of the
Company&#146;s common stock of the par value of $1.00 per share (the &#147;common stock&#148;). The maximum number of shares of common stock that may be issued in connection with options intended to be ISOs shall be 350,000 shares. The limitations
set forth in this paragraph are subject to adjustment to reflect any change in the capitalization of the Company, as more fully provided in Section&nbsp;10 hereof. The Committee will maintain records showing the cumulative total of all shares
subject to options outstanding under this Plan. </FONT></TD></TR></TABLE>

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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If for any reason shares of common stock as to which an award has been made are forfeited or
otherwise cease to be subject to purchase hereunder, then such shares of common stock again shall be available for issuance in connection with awards made pursuant to the 2011 Plan. </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Grant of Options</U>. The Committee, at any time, during the duration of the 2011 Plan, may authorize the granting of options to employees of the Company eligible
under Section&nbsp;3 hereof, subject to the limitations provided herein. Any such grant shall be made pursuant to the terms of a grant award agreement. The date on which an option shall be granted shall be the date the Committee authorizes such
grant or such later date as may be determined by the Committee at the time such grant is authorized. Any employee may hold more than one option. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Option Price</U>. The price per share for shares purchased upon the exercise of any option granted under the 2011 Plan will be one hundred percent (100%)&nbsp;of the
fair market value per share of such shares on the date of grant of the option. Payment shall be made to the Company either (i)&nbsp;in cash or, (ii), at the discretion of the Committee, (a)&nbsp;by delivery to the Company of shares of common stock
owned by the option holder and having a fair market value on the date of exercise equal to the fair market value of the shares covered by the option on the date of the grant of the option, or (b)&nbsp;a combination of cash and the value of such
shares mentioned in (a)&nbsp;above. As used in this Plan, &#147;fair market value&#148; per share of the common stock shall mean the average of the highest and lowest selling prices of the common stock on the day before the date of the grant as
reported on NASDAQ Global Market (or such other exchange or market on which such value is being determined) or, if the exchange shall be closed on that date, then on the last preceding date on which the exchange was open for trading, or, if there
were no sales reported on said date, then the mean between the bid and ask prices on said date. In determining fair market value, the Committee may rely upon sales information reported on the consolidated tape or other consolidated reporting system
and, in the absence of any sale or sales on the dates referred to in the preceding sentence, or a recognized market for the Company&#146;s common stock, the Committee may determine fair market value by whatever recognized method it deems
appropriate. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">7.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Exercise of Options</U>. Options granted under the 2011 Plan shall be exercisable only in the following manner; provided, however, that in no event shall an option
be exercisable more than ten years after the date of grant as set forth in paragraph 5 above. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>By an Employee During Continuous Employment</U>. The aggregate fair market value of the shares of the Company&#146;s common stock, as determined at the time of
grant, as to which ISOs are exercisable for the first time by an employee during any calendar year shall not exceed the maximum amount permitted by Section&nbsp;422(d) of the Code, which is $100,000.00 as of the effective date of this Plan. Options
may be granted in excess of this threshold, but such options shall be NQOs and shall not qualify as ISOs under Section&nbsp;422(b) of the Code. Subject to this limitation, an employee may exercise any option during the applicable Exercise Periods in
accordance with the following schedule: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="25%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:129pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">Time from Grant Date (Exercise Period)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Percentages&nbsp;of&nbsp;Options<BR>Granted&nbsp;Which&nbsp;may&nbsp;be<BR>Exercisable&nbsp;in&nbsp;that&nbsp;
Exercise<BR>Period (including those<BR>previously exercised)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Up to One Year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">One to Two Years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Two to Three Years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Three to Four Years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">60</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Four to Five Years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Five to Ten Years</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">100</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">%&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">An employee may not exercise any part of an option granted under this Plan unless, at the
time of such exercise, he has been in the continuous employment of the Company since the date the option was granted. The Committee may decide in each case to what extent leaves of absence for government or military service, illness, temporary
disability, or other reasons shall not for this purpose be deemed interruptions of continuous employment. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>By a Former Employee</U>. No person may exercise an option after he ceases to be an employee of the Company unless he ceases to be an employee of the Company as a
result of normal retirement, early retirement, or disability retirement, either physical or mental, or on account of physical or mental disability. In these instances, the option may be exercised by him, his attorney-in-fact, or his guardian, as
appropriate within three months after cessation of employment (or 12 months in the case of &#147;disability&#148; as defined in Section&nbsp;22(e)(3) of the Code), but not later than the end of the fixed term of the option. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>In Case of Death</U>. If any employee or former employee who was granted an option dies, and at the time of death was entitled to exercise any option granted under
this Plan, pursuant to subsections A and B above, the option may be exercised within six (6)&nbsp;months after the death of the employee or former employee (but no later than the end of the fixed term of the option) by his estate, or by a person who
acquired the right to exercise the option by bequest or inheritance. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Sale or Merger</U>. Notwithstanding the limitation on the Exercise Period set forth in Section&nbsp;7.A. above (except as pertains to the $100,000 per year
limitation regarding ISOs), an employee may exercise all options then exercisable by him as provided for in Section&nbsp;7.A. above plus one-hundred percent (100%)&nbsp;of the options granted to him but which are not then exercisable because the
requisite time from the date of grant has not lapsed in the event that either (i)&nbsp;all or substantially all of the assets or common stock of the Company (or a subsidiary or division of the Company in which he is employed) is sold to an entity
not affiliated with the Company, (ii)&nbsp;a merger or share exchange with an unaffiliated party occurs in which the Company is not the surviving entity or (iii)&nbsp;a similar sale or exchange transaction occurs which in the Committee&#146;s sole
discretion justifies such exercise right. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Method of Exercise</U>. Each option granted under the 2011 Plan shall be deemed exercised when the holder shall so notify the Company in writing, addressed to the
Company&#146;s secretary, together with payment in full for the shares for which the option is exercised, and tender of any related agreements or instruments, as required by the Committee, and shall comply with such other reasonable requirements as
the Committee may establish pursuant to Section&nbsp;2 of the 2011 Plan. However, this provision shall not preclude exercise of, or payment for, an option by any other proper method specifically approved by the Committee. No person, estate, or other
entity shall have or exercise any of the rights of a shareholder with reference to shares subject to an option until a certificate or certificates for the shares has been duly issued and delivered. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">An option granted under this Plan may be exercised for any lesser number of shares than the full amount for which it could be exercised.
Such a partial exercise of an option shall not affect the right to exercise the option from time to time in accordance with the 2011 Plan for the remaining shares subject to the option. </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">9.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Assignability</U>. Options granted under the 2011 Plan to an employee shall not be transferable by him except by will or the laws of descent and distribution. In the
case of the exercise of an option by a person or estate acquiring the right to exercise the option by bequest or inheritance, the Committee may require reasonable evidence as to the ownership of the option and may require consents and releases of
taxing authorities that it may deem advisable. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">10.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Adjustment upon Change of Shares</U>. In the event of a reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares,
stock split, stock dividend, rights offering or other event affecting shares of the Company, the number and class of shares for which options may thereafter be granted, the number and class of shares then subject to options previously granted and
the price per share payable upon exercise of such options shall be equitably adjusted by the Committee to reflect the change. </FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">11.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Compliance with Law and Approval of Regulatory Bodies</U>. No option shall be exercisable and no shares shall be delivered under the 2011 Plan except in compliance
with all applicable Federal and state laws and regulations including, without limitation, compliance with applicable withholding tax requirements and with the rules of all domestic stock exchanges on which the Company&#146;s shares may be listed.
Any share certificate issued to evidence shares may be listed on any domestic stock exchange authorized by the Company. Any share certificate issued to evidence shares for which an option is exercised may bear legends and statements, and be subject
to such restrictions, as the Company shall deem advisable to assure compliance with Federal and state laws and regulations. No options shall be exercisable, and no shares will be delivered under the 2011 Plan, until the Company has obtained such
consents or approvals from regulatory bodies, Federal or state, having jurisdiction over such matters as the Company may deem advisable. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">12.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>General Provisions</U>. Neither the adoption of the 2011 Plan nor its operation, nor any document describing or referring to the 2011 Plan, or any part thereof,
shall confer upon any employee any right to continue in the employ of the Company or any subsidiary, or shall in any way affect the right and power of the Company to terminate the employment of any employee at any time with or without assigning a
reason therefor to the same extent as the Company might have done if the 2011 Plan had not been adopted. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">13.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Effective Date of the 2011 Plan</U>. This Plan was adopted by the Board of Directors of the Company effective January&nbsp;24, 2011 which will be the effective date
of the 2011 Plan if and when approved by shareholders holding a majority of the Company&#146;s outstanding shares of common stock entitled to vote on the 2011 Plan at the Annual Meeting of Shareholders in 2011. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">14.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Amendment to the 2011 Plan</U>. The Board of Directors of the Company may alter, amend, or terminate the 2011 Plan from time to time. Such action by the Board of
Directors, however, will not be effective to change or modify the 2011 Plan, unless approved by shareholders holding a majority of the Company&#146;s outstanding shares of common stock, if such changes or modifications in the 2011 Plan would:
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Increase the total number of shares of stock that may be issued pursuant to the 2011 Plan, except as contemplated in Section&nbsp;10; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Change the manner of determining the option price; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Assign the administration of the 2011 Plan otherwise than to a committee of the Board of Directors; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Change the eligibility requirements for participation in the 2011 Plan, or </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Extend the term of this Plan. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">15.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Duration of the 2011 Plan</U>. Unless previously terminated by the Board of Directors, the 2011 Plan shall be effective for a period of ten years from the effective
date of the 2011 Plan, and no option shall be granted after such date. Options granted before that date shall remain valid thereafter in accordance with their terms.</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g546045ex23_1pg1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g546045ex23_1pg1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`4`$8`P$1``(1`0,1`?_$`*@``0`!!0$``P``````
M```````&!`4'"`D*`@,+`0$``04!`0$`````````````!0(#!`8'`0@)$``!
M!`("`@("`0,"!00#```%`@,$!@$'``@1"1(3(105(A8*,4%183(C%T*")$<8
M.'@1``(!`P0!`P($!`0$`PD```$"`P`1!"$2!08Q(A,'05%A<3(4@9%"(Z&Q
M8A52<C,60[,VP=&"LI,D='47_]H`#`,!``(1`Q$`/P#W\<4IQ2G%*<4IQ2G%
M*<4IQ2G%*<4IQ2G%*<4IQ2G%*UT[/]LNOO3764G;O8_9`C6U'9G1A,29.8($
MBAPU,PXJ*$K=>"Q")VP%GFVEN99B1W5-LH4ZY\&D+6F:X#KO,]GSQQO"0-/E
MD7(%@JJ/+,S$*H^ER1K8#4@5$\SSG%=?PSG\O,L.,#:YN23]E5068VUL`;"Y
M.@O7G^WW_D%]`=OQT5*B=M>W77:"IMQF=<]6==Z<2)S\K<Q\7&B.QZU=R8MI
M#>/&/U1C#WY\_/\`VYV/A_ACN7&DY67QO&YSZ627(D`'\(FC!_BQ'X5R_DOE
M3JF>OL8V?F8J_5XXHR3_`!D#D?P4'\:UYU`)1W0O06J=*_\`(V[2%]C%Y#A5
M&IML5T^*MDT*+QDE8LB1ZT4*$_)'!F'G?#(V7&1\?DM.&_..3'*2-U;$?([3
MTK`7"46]V%D*!CHMR!(0"Q`U93]JC^/$?8\E5ZYVC,.23?VY!*";7)L"R*;`
M$V"D6'TKIIVP[9>TSJ-V%%&=;=/$=N^AP^L46HK+T([%L?86=8(L5F+;KT2P
M(>_=BDI)61EA<=X-(&.XB_:J5#4ZYEO0^N=<^/\`L?#,F=R?^V]N:21[2+MQ
M@I)*QC=H0`+@B0,-UMK6%;?S?-]RX3E%?$P/WO6PJ+=#NF)L`SD+Z@;DW!1E
M(4'<I)MVOJMV`6S).$/)#,V*N+%1+I5&"X@D>HIHN$'V&/7;;%$3I[8HS@44
M9>PVI?Q=9<2ZWE;:DJSRV?&FQ]K2*WLO<H^U@LBABI9"P%UN"/P(L=0:Z!#D
M13752/=6V];@LA(#;6`)L;$'\1J-*E_+%7Z<4IQ2G%*<4IQ2G%*<4IQ2G%*<
M4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4KXK6EM"EK4E
M"$)RI:U9PE*$IQY4I2E9QA*4XQYSG/\`ICBGC6OR]?<EW_LG??N->3D,W*>T
M9J0R<UQHBNH>6D4W7`Q!<`Q>\Q<*^I9S8A2"J<Z^K&74P<18_GXL8\_?WQ9T
MO'Z?UB*-D'^[Y"B3(;Z[F%Q'][1`[;>-VYOZJ^*?D?MDW9^?DV,?]L@8I"OT
MV@ZO]KN1NOYM93^D5(>F7JUU5VFTD,W#?O8[U+ZRD3)L\,AZOV58P;M]AP@1
M!T:DL>'3KQ57A""[S"WHC66G,KBY;=^?AS"<6.S_`")R?7^5;C,/@^1SXU12
M98D;VR6%[*0C@V!`;Q8W'TJ]USHG&\WQ:\AE\Q@X<C,P]N1EW@`VNP+J1<ZC
MS<6/UKTX^HKU1UWHB!["=J*5V8Z_=GKS=-9D==Z!V-5"$4=K"K$\N3'244U:
M\%K5#CRK!=(P:'*<BK<=C1XSC64+6[EO/`?DOY&R.WSX77\O`S,##BG$F1$X
M/NN-+$)9#Z8S(POH20;@"]=KZ%T3&ZM#E<UAY>-FY,D)2&0$"-3K<%@6'J8(
M#:Y%B-;VK%_I]Z#^S;I%OK<.S^T>QK0GKL"UM>=@NZ_UUM"/MBG[UV497.(*
MD!J?'<E$Q108VF9.PXR/@39TYZ,RG+J%NHYF_)?<>A]JX?&X_@88_P#?))TC
M]R2(PO!&MA8N0`0?2NKLJJ&)L;5C]$ZMW'KG)Y&9S,\C<2L3.$1PZS.;D60$
MZ^6)VJS-M`)!(K7H/[[.LXKN%IC;`7JCM;K;N[9MIK&L.]^;$4'!J>:HDG#@
M`4;/U1+,<Q;K[K,J_#GC#DZ`%)Q!*)@YW,IE]"6IR3X?YZ7J^5Q\O(X^=Q,$
M;RX&T%I%D_455KD)'*+JT:M(A?:XVD&\3_\`T[AH>PX^6N%/A\G-(L69N($;
M)XN1_6\1LRN51@FY/4#I[34+0XA#C:TN-N)2M"T*PI"T*QA25H4G.4J2I.?.
M,X_&<<^72"#8^:^@_.H\5\N*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3
MBE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*5K7W+M1.C=0^TES"K>:,U7KQ
MN<^)>8SE+S!,5KJQS($AO./SA4>4TE?_`+>3G6<=,OLG'XLMO:DS8%/X@R*"
M/Y5$=@G?%X'-R8[B2/$F8?FL;$?XBOR(6LYRTWG.?.?K1YS_`*YSGXX\YSG/
M^N<\_2Q18`5\`2?]1O\`F/\`G53&@224J-`@1%SB4^3'@CX;37VOS)TMY$>'
M$81C&5./29#J4(3C\Y4K&.4R2)$IDD($:BY)^@'D_D!5<(EDE6)-Q+$#3SK]
MA7KU]TTD;T&]3'1?UIUR0Q"M=S@B+IMZ/$^#+\IBC(;MUSD3T,_'"V+'NFUH
M>94OSE:1:L?^CGS)\5*_<?D;EN]3@G%B+)"3]-]T2WXK`EB!_P`8^]?0_P`C
MN.L=%XWJ$%ADR@-(`/.WU/\`ENF?<+_\%9#V5L38OJ.]`?7ZOT6Z6*A=I>UU
MMKEP8L,4B[FTU!=S5&V0>>%9G9DX@(K6M08H$\U\,M-OSE>4^7,^<#`X_"^2
M?F3,ERXHYN`XZ-D*G]+[+Q+>WG=*SR`_9?L*R\[-R^A_%N*N/(\?,YCJX;^I
M=UI#I]+1JD;?BQ/DU!/6]L%KWW5[<W67V":8KM\NVK=:Q+#0>\5`J8RC;3I9
M&61B`1=9LYH'$B!2IF1AU4Z%%^I$*?&A2DRH:U83(3F][P#\/3XW-],RGAQ,
MB<K)@R.7B<6+,ZJQ+`#])-]REE*N/!QNFYO_`/3\>?B^U8R29,,09,M4"R+J
MH"L0`&)-V"V"L%8,I(N/8CH,*7K6D=25@_9AEU.U;75.JYFXAG_V1=L)UL!`
M"3K+">^2_+)R1`5)\?)7PR[E/R5X\Y^9N6FBR.5R<B&-HH9)W=4;0H&8L%/_
M`"@V_A7?>-BDAXZ""5Q)*D2*7'ABJ@%A_P`UK_QK+?(^LVG%*<4IQ2G%*<4I
MQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2H/
MLZC#MGZVV#K4PK*!&PZ/;*,57C'RR@=;0)`!-5A/G'RRF,05GQYQYYE8.7)@
M9T&=%_U()DD'YHP8?XBL;,QDS<27#D_Z<L;(?R92I_P-?G")_P`=?VP9)$!<
M+0%==@P"$Z##,S-QZG'Q"D.#*7&C%&&7;:J8U'(L(2\VAQI+N$J\*2E6,XY]
MQ#YP^.1$LCYC[R`=H@F)!/T_1;3P3>U?(;_#_=VG:V,NW<=?<B`/X@&2]OM]
M?O6_OKR_QU^ZU"[>Z`VKVBJVKJ[IO66P!NPK4+A;'%VT\7E4YMX]5P[`@)#E
M0I,:?;(4),G*Y2$IC8<S^<^,9TWN_P`W=7SNM9G'=>DG?DLB$QJQC**N_P!+
MG<UB"$+$6'FU;7U'XAY[!Y_%S^96(8,,H=AO!)V^I0`MP;L`#<@;2?R/4SV$
M^FS8?L$]B56W3M?LUJ*GZ<`0==U:E:29CF3NSSVOJ5)S:[X+3"DRP0V`0M12
M<46MZ-^\F-#<;6YA66\IYSCI?R?A=,Z1+QG'8.1)RCF1GG]*Q+*XV1FXW$A0
M$%CMNP('FM[[7\?9':NTQ\CGY<*8*!%2+5G:-?4XV^D`DESN!-@02#:U0#W-
M[K]-A[=])K7<[9.[-I7/K#7I];%]3-"LSQU>'&+2T%/2)%TL#,&O089`@$BB
MXWT,62)F-%:3C+>595C.=\7<1\G1\5+/U:#%Q\;/<,<O((+D)N4!%NQ(#%S<
MQ,"3Y\5B?(?)?'S\A'#V26>;(Q$(&-$++=K$[FLHN1M%ED!`'CS7&>V^XO;6
MWA55Z$>K/K?3.C>L-NV@3K4-&UZVT8W5;2%VG1:]^S-MT2)$C5^?.1*^4P@R
MF<8;81G.">$ISGG4H/B_C^+:3N/R#G2\KGXT;2DR:0($!:P0D[@+>E250G_P
MZYU+\B9O(E.K]*PX^/PYY`@V:ROO(%RX`*EKD,VKCS[E>_\`U)KZ!J;56M-6
M"G<OC-;4&GT,>^KY?.1#J->'`&)#F5YRM3DAL?A:LJSE65*SG.<YY\<<CF/R
M/(3\A(+23S/(1]B[%B/YFOJ7!Q4P<*'"CU2&)4'Y*H4?Y5D+F'653BE.*4XI
M3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.
M*4XI3BE<)/=)U_\`8]9J*.WCZ\.Q.XZN?I(5Z!L7KU0ST<:N^`8[K\QNV:]_
M^%F>J^B\/+;DCD2$_P`K$2C];&)3.&I76?B[E^D8^8>)[GA8LD$KWCR)%O[;
M'0I)K;VSY#$>@WW>DW7G'R#QO;)L0<AU3*F2>-;/"IMO&IW);7<+V*Z[A;;J
M+-S\]2>\.SVG?79WN]C_`'#W%NW8IH&-ME;U57MS7"W&DB']4#IX]:8=;LTK
M]<1/M6W#K(9W.&&WL+&9;S_NGFY_)'$]?Y/NO$=(ZOBXL$+LC3-"B*2)B#JR
M"Y"0J9!K:S7K5.C<CSG'=3Y+MG89\B6=598UE=F`,8(T#$A2\K",_BE:;?XV
ME!QBY]SO9=O<E.+B-&:YL(-BWV"5(GREV`]!E;*VR:B39SCGB:,J@6,PKPK_
M`*#"D8QXSXYM'SIE6Q^+Z'PZJLN7.K%%%AM!$<2D#Z,[$_G'>M=^(("TW(]R
MY-F:''B8!F-];%W8_P"I47S]I#]Z\R^Z-HW#LIOG9FWC;$\O=]W;.LUS<&0V
M)!$C)*7(_*GCP0R%&;>E3'8K4IJ'&8:0I>4MH0G&?QCG?N)P,;K_``L''(57
M%Q8%2YT%D4`L2?%[;F)_$FN)<KF9?.\S/FL&;)R)F:PUU=K[1^%S8?A:O:3Z
M!_2S;.O!:#W6[:U90#;LD3)CZ/U*9:0HOK$:<A+BD[Y<XJL*2.OQ<5)7%A#U
M?]T1#>>4_A,MW#<;Y6^8_E.#G8SU;KLF_C0W]^93I*5-Q&A^L8/J9O#D"WI'
MJ^COBSXXEX5AV'G$V\B5/M1D:QAA8NWV<@D!?*@DMZB`OK&Y\[5W.G%*<4IQ
M2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*
M<4IQ2G%*<4IQ2M=^SW5O4';W2%QZ];I$ER.M+T\,E6`?6[`4J))^6'.0[(/E
M(*@GXDKYLFX#4A:%_8T^M'AU"\9SC,SP'/\`)=:Y6/F>*95SH@0I=0XLRE2+
M,"/TDC[CZ$5%<SPV!SW'2<7R*DX<A!8*2I)5@PU'^H`V-P?J#6L=`]5_6+5_
M2"^]`J+)V8`TCLV58Y-U+1;="QLHUBV%X!$\P_;L@/IPU.&C&!2L_IY7@4CZ
M?E\O^YR<S._\_P`AVJ'N&8('Y7'"B-2I]I0H(6R;KW!)<:_K-_PJ)Q>F\/A=
M>DZSB^ZG'2DER"N\[B+@G;:Q`"'TZKH==:N?4SU3=#>E,V-8-$Z#K@^^1FLM
M-[.N+\^_;%:^?C[%CK/;)!.17E/8_"\"TPD*3^,I\?CGG8_D+MW:5,/+9DAQ
M#_X26CC_`(JEMW_Q[C7O!])ZSUTB3B\5%R!_XC7=]?-F:^V_^G:*Z(\TNMJI
MQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4KBOOOW4Z_TIVGVUU)KW4?
MM]V!V/I<;73ET?T'K\%?8$0#8Z[7K$P;_1C69D['&Q&[)'CN.OQ6D?M?T)SG
MRG.>I<-\69O*]>QNQY')<9A864S*@R)&C)969=MRNVYV$@`DVUKG?*_(N'QG
M-S\%%@<CEY>.%+F"-9``RJU[;P;`.H)(&NE;:=&_8_UH]@(2XR-)%K0%NNMI
M[(S9>HMFUURE[1H<N2Y(8CK.5QV3-9='ORX;["9,61(:0^RMIW+;N,M\USMG
M2.=Z=+$.56-\6=;Q31-OBD`_X6L"#8@V(!(((N-:GNN=LXCL\<AX]G7(A-I(
MI!MD0_B`2"+W%P2`00;'2HEUB]D=*[=5GML8TSIW:A8_U)V+:-8&Z20538![
M9%HK""JUQ:`_FS.B<_RRA*VXG\D_!^;JT)7\,9RK&1SW1LOK<_&Q\IE8ZP<E
M"LJN-Y6)6MK)Z+Z;KG:&T!M>K7$=LQN<@S9<""=I,*1D*'8&D9;Z)ZK:VL-Q
M76U[5KSK3WP=(;WUGWQV,L4NZZHG==#3E:V'HO8PX*)W9_<<N2^/JX4#5HYN
M5&+S+48B/P6<)DIQ"E19&)OZZ&5.<FL[XC[7B<[B<+"(LA,U=T>1&6,&T`%R
MSE00$!#'3U`KLW$VJ)P_DKKF5Q&3RLADA?%;:\,@43;CHH"AB"6((&HL0=VT
M"];5:H]ANJ[CTO>[W;<J=VZP:.P)DV>"YNED-%LQ.G9=C10-FA@JL4L4AQFZ
M3Y*6@L3&<SR6%LK:9RB0SE>O<CTOD<;M(ZCQLD.?RNX*?8W%0^I92SA1Z`+N
M?TKJ";@VF\+M.#/U_P#[ES4DP^-V[A[MMQ70*P"%K[R;(!JVA`L1?F_`_P`D
M#JK]PFU6CK=W2H_7T^8;$!NRMDTLA.K)?[$C]6*2S*@'YDQP<\ZE6?C&3)E_
M%.?#"EXRC&[O\(=ALV/!G<7+S*+=L99C[HMJ18J!?\39?]5M:U)?ECA=PEFQ
M.0CXMFL,AHA[1_$$.2?R6[?Z:Z+]SO9!HWIIU4J_<,O"L.X-170W11-5F:F=
M`%))V'L(?.*5^P#GS9@*,?#NP8.5J5]^'/ZTXPGSYQC2NK]'Y?M'8I.LQ%,;
MD8DD+B;<-IC(#*=JL;W-O'\:VOG^V\9P'")S\FZ?`D*;3'M-PX+!A<J+6%_-
M6+9/M(ZV4GH'(]C%5=L.V-',0*K*4,HS8C%TCS[-:@M-DULF+-E1D(19:N=,
MX9)Q)$A"F<LK^.5XRC*[N#T#G<KN`Z3D;,?EKOJ^[80B,X8%02RNJW4@:W'C
M6UK+[IP^/UG_`+KA+S\;Z-$MON[JFT@D`,K-9@3I8^=+[NZ?V4)W-J;6.W@$
M$B,!;3U]3MBA1I=,=!4>*NM>'6,?")IAORHB2$6(20A[#3KC>'$Y^*E8\9SJ
MO)8$O%\CD<9.5:;'G>)BM[$HQ4D7`-B1I<#2MBP,N/D,&'/B!$4\22`'R`ZA
M@#:XO8ZZ^:U,F^P?6$'V$B/7,[3;VO:IG4;VXF+JVR!_\?M`68I&5D8\\HUB
MPX+9;&KQC&(.6?*L?U_Z^-C3IF>_3&[L)8?]O7)]G9ZO<W7`O^G;;7_BO^%0
MK]GPT[.O5C'+^\:'W-_IV6LQM^K=>RG^FWXU57GOYK2B=]].>ODC3[S+V?NC
M6!W:@"Y0F02J&+#`(EVF21YAY\PR>23>;HTG#>&83K7R=:\KQC*OC1B].S\O
MI^3W*.6$8&+.L3(=WN%F,8N--MO[@\L#H=*9/9\/%[+C]7=)3FY$1D5AMV``
M2&QUW7_MMX!\BJ71?L'UCOKN1V>Z5UNFWL1L#JQ`#3[E:3;(%%/L#1M8Q$=%
M9<@FIAE:VLE$?/\`:BQ\?TJ\9S^/-7+=,Y#A^LX':)Y86P^0)"(N[>MK_JNH
M7Z?0FG'=GP^2Y[+Z_#'*N5A@%F.W:;[?TV8G^H>0*4#V#ZPV'WXW+Z^!=-OD
M+9^E-<B]E6&Y3V0*:&4$E8M(ELP0[T<T^>41;;O<;"L/0FF_+3OA6?"?E[F=
M+Y#"Z?C=SDEA.!E3F-4&[W`09!<^D+;^V?#$ZC2O,7M.%E=FR.K)'*,W'B$C
M,=NP@B,V'JW7_N+Y4#S]JU1[*^\OK!HO=UAZX:UUIV![<;GI3TB-?JKUHU]B
M\1:5-A+^HD+,%W2,%N05%/J2U+;AM2FHC^<LO.MOI4UC8>"^)^?Y;BTYO.GP
M^-XN4#VWRI/;+@^"!8V##4;B"1J`0;U"<O\`(_#<;R#<5B0Y6?GQWWKCH'V$
M:$'U`D@Z':&`.A(((&RO4[V2:K[;ZDW;L^MZPWGJ\GUZ;EXV?K7<]%11KR,E
MQJM,MS,<="=*3(A!J>+A+PTZIUG_`+OX6E&/SF"[%TCD.N<EBX$V1B9"9A'M
M2PR%XR"P2Y.T$6)UL#^%3'#=LP^:P,C.CAR8'QE)DCE4*XT+>`Q&H4Z$@_<"
MXJ<]'>\NN^^'6(?VFUM5+G4:<1)W,6U7[NT$:LK;U)G/P"+CB`98P,^J4Y'S
MEGQ(SGQG'RPG/XYB=KZGF]1YT\!G212Y(5&W)NVVD%Q^I5.GUTK*Z]V'%['Q
M(YC%21("SC:]MUT)!_22/IIK6`M+>VK26[^AN[/8#7==;2%:RT:0OPZQ4XU&
MJJ+T6=UZ.!$B:PK,*R2P*FYK)]I+'WS6<_)"OGA./&<S/*?''+<5V_%Z;-/C
MMGY8C*NI?VQ[A8#==`VA4WLI^EJBN.[OQO)=:R.T0Q3+A8^_<I"[SL56-K,5
MU#"UV'XUASKW[IXG9&PZEAT;U[>P)BB;@L5=#`MSD--CGM2#1-A*-B\7,K<1
M=C(#TU(4I2G94MK+J6VFUY_/CDGS7Q:W!X^2^5S7#',QD9F@$Q$Q*B^P(R@[
MSX`-KDBHSB?D5.8R(8L?B>6&/.ZJ)3"/:`+;=Q<,1M'DD7L`:R-V@]P>HNOW
M8XIU-U_H/LQVQWQ5*O$N6PZ7UMU['N3NOZ_.APB,9X\]++CG7)7\>4B/NHCM
M.M,)F,)<=2ZYAOF#P'QKR7,\(O8LW,P..XB20I&^3(4]Q@2/38$6N&`N03M)
M`L+UG<SWS`XKE3PF-BYF=R:)N=,>/>4%@WJU!\,IT%O4`3<VK?+J_P!C*GVM
MTM5MWTNK[#I0:SR#\!=1VM4Y%(V!72U8/$:T<$V2M29$IP?+BEA3V$^'%H=:
M^+B<Y2K'-0Y[A,GKW*2<5E20RRQA3OB??&RNH92K6%P01]-#I6S</RD/,\>G
M(0)+&CEAMD7:ZE6*D,MS8@@_4W\UBOO!W_ZV>OG6PW9'8BTD!Z;(2>"T:E58
M4JPWV_&HS33\L=5@"'XC;J8#+[:Y,J2_&A1L.-X<>2MUI*Y#JG3N=[EG-@\+
M&I]L!I'<[8XU/@LVOFQL`"QL;"P)&%V+L_$=7Q!E\JY&\D(BB[N1Y"BX&EQ<
MDA1<`FY`.C&A/>)JW<NWM8:BM74+NYH=_=%G%4_6MYVUI?\`AZ":/',J_B8T
MXZP:=R-9GI3CX.I;?;\JQYSA/]7-MYGXHY#B^-GY+&Y+BLL8L;/+'#-ND55\
MV7;K;[$@UKG%?(F'R.=%@S8'(XOO,%1Y8@J,6-AKOUO]U##ZG2YK8'O/[8NM
M/1.VU+4]K%[+W)OZ^04%*IH7154Q=]B213SS[$0J5B*G#X0>$0<B/XC(6ZN9
M)PPM;3"FT*6F&ZG\=\[VW&DY'&:#%X>)K/D9#[(P1Y`-B6(N+FVT7%V!-JDN
MR=WXCK<Z8,XFR.4E%UAA4-(1]"02`+V-A?<;&P(%1KI9[@^MG<G:I7KYFI;A
MZZ]C!8Z08;TGV'I?]C6X\)B,9F3)=9RB=/B$WX0_'[+L1Q4>9^MA3S;3C+;C
MB+_:?C7G.L<>O,^YC9W"LVWW\9_<1238!M`0"=`PNM]"02`;77N]\3V#,/&>
MW/B<J!?V9U".0!<VL3J!KM-FM<VL"17=W/;MUKZ3['KVBR%=VOOSL39AS!B!
MHGK]3_[YO,`1+0I^"1L+:IT"&(P0BM+>CQL+>G.,)^[+"6%)=S1U7XWYWM6$
M_+(^/A\*C%3/D/[<9(T(70DV.A.BWTO<$57V+O'$]=REXYTGRN4<7$,"AWM]
M+W(&HU"B[6UVV()J>CWMNZU]X+]9]*!06T]%]AJ>/=+FM#[]J.*/?GQ$;ZLS
M28)A,Z?#+M#6Y#2Y+'S:G,M.X=RQ]/ESE/:_CGG>J8<?*ROCY?"R&RSX[^Y&
M"?`8V!%];&Q4G3=?2O>N=XXCL>0^!&L^-RD8N89UV/;ZD`$@V\D7#`:[;7-8
M$VI[Q]<Z][';UZT53IWW-WM;^NYIH7L<MHW7`&_"1D1^'%ELG%QX%I07B"7O
MV<MMKE1V,N.-+QC'XY,\=\3YV;P>)SN3R?%XF/FI>-9Y6C)-R-MREB?R)\U%
M<A\D8F%R^1P\/'\EE3XQLY@C610/N;/<#\P*W@Z2^P[K7W]HMIN6A3YW!2@$
M4A]CZWO()RJ;)U^6=1*7%B6:MOR)3;;4[]%]+$F,_(BN.,.M_9AUIU"-3[5T
MSG.GY<>-RZ)[<R[HI8VWQ2#2Y5K#Q<7!`(!!M8@G9.O=IXCLV.\_&.V^(VDC
M<;9$)O;<+D:V-B"1<$7N"!ACH3[=NJ/L`&[9709YK65GTM_($[S2]M.UT"9B
M4<=\TO['ARAYPH(ETN*\RXU,D_L)4/<2G]E#2765.2O</C;L739,89@3(@RK
M"-X=S*9#XB(*JP<^5%O5_238VCNL][X+M*3-B,T,N."727:I"#^O1B-H_J-_
M3INL"";GT4]K'7;V%[3[`ZVT$)O4@?H)T+F3L"P#Q0^J7\<>*'A(\U2VF2TH
M[D7)>K[KK:I\2&XN.XVOX8RK*4V^V_'G-],X[#S^8:$/F;K1J27C*A25?0+<
M;@/26%[Z_6KG6N[<1VK-R\/BQ*1B%;NP`5PQ8`IJ6MZ3^H*;6TOI6,^S'NNZ
MG]6.Z5)Z3;"&WR3=+/*UV/L5_#1JXYKS6Y#9LW$>OQ;G+G6"&:C_`*T&3#FS
M%QX;R8\.:VO.<^%X3G<%\6=B[!U>7M6$T(Q8Q(5C8M[DHB'J*`*5U(95NPNR
MD?:L+F/D3@N$[#%US+$IRI"@+@+LC+^-]V#"P(8D*0%-_O;=7NUVYI'1CK=?
M.S.Q:Y:K94J`_6(Y(#2VQ+MCFKM-H$52%F"@V2$#<I8FF6W'?LD(\-)5X\J\
M8SJ_5>MY?;><AX'!DCCR9@Y#/?:-B,YOM#'4+IIYK8>Q\]B]:XB7F<Q'?'B*
M@A+;CO8(+7('EA?7Q6"P?M(ZV7+H);_8;0'+%=M54*IS;#<*6(:#L[(K1H3(
M@Q#=$.")I9@:,M8M^>VK*'9>([\=:)#+KC#K3BY:7H'.XW<8NEYFR+D)I`J.
M=WM,I!*R*0+E38_TW!!4@$$"/A[EQ&5UE^TXA>3!C0EE%O<4BUT()L&%Q];$
M68$@@G;#K-OFM]HM`:C[#TX0;`5?<-'"WL$&LJ(+9X8--Q_V(\0L@9,(#TS6
MD_A>&7W4>?\`16>:[SO$3\!S&3PN4R/D8TK1LRWVDK]1<`V_,"IOB.3AYGC(
M.4QU989XPX#6W`'Z&Q(O^1-9SY$U(UY$Q_=/K=T=_P`@'V0;%[-["5KFHVG1
M>IJE7B.*Q;;0LK8T5/2AS^*9A5$&<F-O*&CGG,+=;0UG*/C\_EG&,_23]6YS
MMGPYP>#P,/OY,>5*[#>B67?D+>[LH\D>-?PKA`[)PW6OD_E\KFIO9@>!%4[7
M:[>WC&P"*Q\`UEGU4,6?MC[<.[7LGUCK2ZZOZD7O7$'6%--VZMRJ@K<EK:_\
M<Q7K+!$RVF%3L.?V)*)RWD8<_6<FQVWE_L..I3%_(+8_7?CGBNC9\\61V.&<
MRNJ-O]E/[IVDCQ_U`B@VN%8@;0#4CTM9N<[UR';\.)X>"EA]M"PV^ZW]H;@/
M!O[;,;>"P!U)JI]#E_IFJH/N'V3L:QBZ=1*/W6V/9K7:#DC$,4$!"'[?,($)
M;Z\9S];+#>?"484XXKPA"5+4E.?/EW#RN0?K6#A(TN9-QD:(BZEF(0`#\_Y?
M4U=^-LG'P8^<R\MQ'C1YSLS'PJC>23^0_C7#CL=JK<'L9W'V3]OW77J'5)75
MG2>R:<2DZYLHTQ!*]G`>NY[;]^NQ>L"\MJ/R)`>$U(M:83C"F83V&DYF38\U
M:NL<'R/&])XO!^->:Y*0=@RH'`E4J1BM(+1H&/Z;,2(=P-V%SM1D%<RYCC\_
MMO)Y7?>*P8SPF-*I*,"#D*AO(Y4?JT%Y=I4`&P+,&:NY'L=NS7N'],`W:/1\
M5/LDVCWVAWV_:$#H2[<PW]@C"HZY:N>KXI+:R!2JI.L%(#,=K"2@^(V]#0I3
MC*,\EZ3B'XS^4&X_M;!$FADCCR&_0WN,I27<?`?:48D^AF(8@`FNE=LR?^_?
MCX9G7`S/'*KO"OZUV*RO'M'DKN#`#]2@%020*Q;V,]WO1S>_KIMW575^L=FV
M3L3M+2#.B:YU2BZ>L2I=+O$T!#K$%G#S`UP&\*HA9I$L;^@IV<ZN&QA$=EW.
M?JD>$^*NV<1W6/L.?D0)PN/E_N&RS,OKC#%CI?<#(/2VZRC<;L1YPN7^1.N\
MGU.3A,*"9N6FQO87&$1]#[0HL0-I$9]2A"7](LH/C"7L6T!M+J[_`(VG6'2V
MY$R8VRJIMG69"Q@Y+J);]3=MA[:%P@TY]UI3S2I%6''F83Z4J6VV^RM",Y0E
M.>2W2.8X_GOG'/Y3B['!DQI`K#0/L$*%Q^#E2P^X()UK`[3Q69Q/Q+B<=R%_
MW:S*6!\KO,KA#YU4,%.MKC3Z5K9[6^E>\O7AUTV?(ZT_O&O7EW8`:J*;6UI(
M3/-1^O.Z0I*IW`4?".*<<?$`+<0!XAQIRLJ;RV]_'2_*FAKJISX][3Q/=.;@
M'.V7NG%/,(I19?W$#!T*M]V0-N*_<>XNAD`A.[==Y+JW$2?[-=NK<@(6EC-S
M[,JLCAA_PABME/BQV-JL9/LNZ(?_`*0]//\`^7M"?\O_`*LJO^W/F/M__JSD
M_P#]AD?^<]?0'6?_`$WQ_P#^#!_Y2UYM>Y>EMB[_`/\`(PK6MM6=A=@=7K=/
MZ9CR<;;FM!T`E:1T(1#MLF>$8C$Y$6&J$<:5AM_.5_)*4X\8\\[CUCE,+A_A
M.3-Y#"AS\8<F08I20I)*`-<`ZCR-*Y1S_'Y?)?*L>/A94F),<$>M!<Z*YM;<
MOGQY^M4U'Z];7ZW?Y#G22D[?[4;1[=6(GUJVI8X6P]KBQ@HZ!$2:=O(>S4(#
M(F7,C+$QI8]V8E:E)7EZ8YC./&,9S[E<SQ_.?"W*Y?&\?!QT"YT2F.(DJQ#X
MYWFX&I!`_)15J+B\[B_E7C8<[,ES9#B.0S@@J"F2-HNS:"Q/D:GQ5V7V.I7J
ME]WO>3;'<4/>*5I/MW1:D2U-MX-3CEHJ4QT8Q59+\*4H+$ES''8\P=.A24QV
MWWXDEAK+C26)"'L6AP>5\A_%7$\?UEX9>4XV5Q-"SJCBY<7]1`\%6%[!@38[
M@15UN7Q^E_(O(9O/++'QV;&#%*J,ZG2,VLH)-BK*=H)!`)`4WK)7JEN$CNC[
MB^]WL,U93KH-ZOV'45<U/2[U<*_,`-W&R0D:O&I2(9EI3AW*X5`ES7FDJ6["
MCOQDR,-.O81C"^0H!U?XRXCI7(21-SR9#2O&C!MBDS-K;\954'PQ#;;@7K+Z
M5.W8.^\EVO"C<<,\`B1V%MS#V1I_])B1Y4%=P!(K47I7V6JOIOO/L'ZR]U8M
MQZ_;FW1L>[7C2?;Q[5)W9U-N$`F,-PZ8><P*B2YMD$A3DQ!QJ*A#S#TB;,B3
M,QGV\I7L7:>"R/DW$X;G>KF+,XO%A1)\/WEB=""I==2`C,H]LG0@*K)N!O4%
MU_EH>@Y'*<3V#W,;D<B5FARC$95?TD*UE!+J&/N``$'<RMM(M6_/JB[C]KNY
M/5GV/VKL;?96V:C21-BJFCMI9TR*TZ.O-6;U]L594R-'"@@O,S]W#$"2[%>>
MEO"U2<,J7A2E>=0^0^L]>ZSV#@\?A(1C94K*T\7O-,8W]R*P)9FM:[`$`!K7
MMI6S],Y_F>P<%RT_*2&;'176&3VUCWKME%QM5?("D@W*W_&M!_35T2[-[V]=
M-<VEK+V7=D.L]+<L.V(C6FM=5NN$*E#?!F9K!*?'E$R<2=E^Q/-Y>D8^*<)<
M7G"?^.=N^3NV<%Q/='X_/X/"SLKVX3[TC$.0RBP("D>GP-:U[H77.9S^KC*Q
M>5R,6`R3?VU4D"S&]B)%\^?%?;Z]TJ1_C0^PA"OFM:;)V83E2TJPMQ2:EK9.
M5Y3X\^5YQYS_`,^5=R(/SMPQ^FS&_P#GEJSU12OQ#RBG4WG_`/+BJ+>I?=W6
MFO0NC]=->X?M;7]AL'*"$=Z/QZ]=7M,YLI*P+'P-/JF1Z4^&_M4K,FM-K<_>
MRUC[<YRXG'_3?^1>)YZ9N5GBZUQ[X121OWVZ/WMH6YFL7#;E`)M:^G@U:Z)R
MW!1Q\?C/SN8,W<B_MK2^WN+V$?Z2FUM`?IK]#J,K>X2%TDJ'=G<.VZYW"W]Z
M\>_5$HE6*L6D51[Z3U7V.C_V&&GUEBKG:,RJ=%*.Q&HX(FMR0F#F1$3A^$_E
MM;JHWXT?M63U7%XW(XW#YGI\TS#:TD8EQO[C!MRR:$7O(H`W6;1UN!6;WQ.N
MP=@R.0@SLKB^SQ1@[@DC1S@1H1M,7J&FV-B3MN"-ILQKNQZ9NP'9?LUT"U/M
MGM<+F1MH%B%I&Q+"1KZ*N2V!2@Q9<*JWL@$8BP8K$HU$0I&7F&&&)R8^)3:,
M)>QG/)?D[A^"X+N&1QW7F'[!0I*AMPC=A=HPUR;+H;$DK?:?%=)Z!R?+\OUB
M#-YL']X2PW%=I=0;*Y6P&NHN``P&X>:YJ^\2BWG5/<[UX^Q`UJ>S[QZR=9C4
MX;N:J502JR$*0\_86C0V]/@5>8^8ZOM;>:DN_7$3/#1F9#S/W,JYO/Q1EXG(
M]8YKI<61'B<]G*#"[G:'&W:4W>?H00+G;(Q4&QK4OD7&R<+G^+[3)`^3Q&(U
MI547*6;<'L=-;W!-AN10Q%Q6$+)[F-I]C_91U.HO0CL86VKUIVYL/6@K;NE/
M_P`6UP3VJZ]!*@H]TGG;]:JQ*-3&#D9<V:[+AN,,@VXOG[_RE6):#XPX_A.C
M<CE]PPEQ^<QH)3#/^ZNLK%7*!8T<*-IVJ%8$N3X^E1LOR!F<MVS!Q>KY33\7
M/+&)8OV]C&FY`Q+NFY@078LIL@%[Z7J][WV!&]7_`+R-L=VNV-"N9[K%V>TV
M)IFM=^5^K$+E!U#88`.@"2@*<T/:DR13[2J5)C.L,^)C@\FV\PVZWF2A-GB,
M-N_?$^/U7KLT2<]@9)>7'9@AF4M*P87L"/[@()](92"0=IJKDLH=-^1Y^Q<W
M%(_#9D`6.95WB)ML0(TU!_MD67U%6!`/J%6(IN6M^W7W%]'MT=):==)FF^FC
M$X_NWLR8IIFF`3P_)-\Q"H,.26C12$Y$A*71\.,^AJ4\HS-<PQB*RMY5U.,G
M^-_C/EN+[5+$.3Y,A8,97#LIMM,E@2!]&8BX&Q!?<0M4OGQ=Y[YQW(==CD.!
M@"\V04*`C=NV:@-]U`-B=[';M!:JBP;6#^IOW5]LNRW<NDW1W0?<*H"T:=[*
M`Z@5N8>E+CHJSI"ED%C&)4T;^MD'_'RXS"5S4LQ(+R&5Q7E+1Y#QTOR)\7<=
MP76)8AR_&R'WL9G"%_UV<7T-]VX$V6[."=PM7LV;'TCY`S>8Y^-_]LSDM%D*
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M:(%#:`DNRZ7'TO6)@=HX3K'?^;FYJ;V4D*A?0[EB+7`"*W^-JV+].@&Z;\]A
M?L@]C56U?<=3=6M]CF*GJIJY@'JG-V678)@YLV\10;Z<9>^;5;?G3)+>7&D3
M3JV4O.NHD?&#^2YL7A^F<)TK(GBR.P8C;Y=C;Q$MF`C+?3]851H=L8-@"M2_
M0XLGDNT\MVN&&2#ALD;8PPV^X;J=X'U_068ZB\EKDAK<D_65Z=*U[$^I<_:=
M9VK8-%[+KG;S:.K=JV4,X3=;V+UP)AJ+.LU(_C8TJ*PBQ1G"$C,!U_YP)"9+
MC4UEU"6LM]([[\ES]*[&O'Y&.F7@/QL4L2M:\>2&D"O<@^DV&ZWJ%@5(-[Z)
MT_X_A[3P/[V"9\7,7->.5E)_N0&.,LMO&X%C:_I()#`Z$=!_3[#T_P!*N\7N
M^ACV/[.T;UE8"8C,R);\QP31=:D=E25X7.GNKD$"+L(<I65+7E;\AS\?E6,<
MTWY+;D^T]3ZHSGW>6SR?``O)*L0\#P+G^`K:.@Q\=UOL78P@]KC<0*?)-DC:
M;R3J38?Q-<M:/U\[T]_>OG>#L@,Z$2=U2>]VS8VS:%V%?W/0*6?U%#T_<CK\
M(%0]?6%YNQ6,8VVA\(Y]3D9,V-%;:9^66DJSOV7S'4>G\QQ7"2<P,4<3CF*3
M'$$CK,9D4;I)%]*GQ(/.TDD^36E0<;VCLO&\CRJ<2<D\E,'2?WHE,?M.UU2-
MO4P\Q_2Z@`>+UTI[!]SG>ZW^-#L*Z6&>Y*VWK*3J/3&YF).%I*8O-!VOKN$T
M=GL.?_(0];JVY!*+4I*<?L27D8_+:O&C\)U?_M7YTAQH!;CLA9YX+>/;DAE.
MT?\`(P9!^`!^M;CRG/\`_<?Q#)/,;YT+00R@^=Z31:G\74JQ_$D?2M,>VO2O
M>O2?H8'[.]0OY`KU6[K].-,5KNMIAW$\R.H-VL-&J9*%NX%"2[]T`=,L;BLK
ME8PK^)DS'6'/G!F)3%V?KW:.)[3W!^`[)9>P\7R<[84PLID19'!A8VU(3Z?U
MA019TNVO<[U_E>M]73F>N@MPV?Q\*Y41N0CM&A$JBX(!<WOKM)*_I<!?1?Z\
M]HD=>>O_`-5XM%B%5T%==#2AIK)A0N.R0F!M2&CM:A,3"GP^B7D[#;4AMI6%
MO_'X9PI.<XYQ/N?'1YO<.PR&-GFBRP5VW-@TRJY('TVD^?'FNM=5S'Q.K<.F
MY4CDQR#>VI$;%1<_6X^GFMA-/[<WMN#;&F7ZI=HAS7L/06AKQN#]"3KE54>-
MWT#MQ%Q9E1(X2;=E7*39*\'S"9'38(\<TS(Q);5]J$*A>2XSA^,XW*7(B*9I
MS<B."XEW[8V@V6)81[`K/N+*S,2NTZ7J6P,[D<[+QVAD#8O[:%Y;&/;=UEW?
M0ONW*M@I"K8[AK70>=3JB3E.SB56KA&<_E&7IDX(,ERWLMH2VWEV1(BN/.9;
M;1A*?.<^$XQC_;FF)DY,:;$DD"#Z!B!_(&MF:&%CN9%+?B!4@;;;9;0TTA#3
M32$MM--I2AMMM"<)0A"$XPE"$)QC&,8QXQCEHDDW/FKH``L/%8OO9S5NL:W*
M(VX>)'AK$9@BLBX%6<-S[?9"CR\C1,&L@A9`K:#LUUI2VV6HS[WQ;4YG&$(4
MI.=AP\AGY`3&9C+&A:Y<*$0>6+L0$4?<D#P/)`K%G?%QHBTH4(S`6"W+$^!M
M`)8G\C]ZKM:7+7]ZK3TG7RX^`PHF0KY0)D',K$^N'8:TNE`!ZJE!XHH`*LYE
MI=<CR8S2UMO(=QA3;B%JIS\3-PY]N;?W64,&W!PRGPRN"0RFU@03X(\@BJL:
M;'FCOCVV`D$6VV/U!4@$'\"/K?ZU+Q0$&"0\V##"0S<E:7)"!0Z&.1(<0GX(
M<?3$992ZM"/QC*O.<8_',:2::8@S.SD>+DFW\ZNI'''I&H4'[`"H?E>MQY4Q
M9QP,)/LPT]!K%A)U>LLF[2/,FDB<HAF700^6:B8Q`.Q94I;_`,6X\%[$A[*6
M/*\9-LYXE@=W6!D+J';:A5=VJ[B%.JD"VI8;1KI5FV*LAF55,P8*2JW8$VT)
M`)\$$W\#4Z503+WKZRG#](?'3[5*JU@KE?L4=-(.GP(BPV$>V7&Q)9/^&DA,
M2(0F:Q*F.)=4@<Q+95(4UAY'RK7$S((DS`PC61&93[BJQ53M)`W!M6!"BWJ*
MG;>QKQI\>5V@(+E&`/I)`)%P+VMX()^P(O:]9)F#AY"$X-GP8<X<\VEIZ!+B
ML283K2,I4AIR*\A;#C:5(QG&,ISC&<8_X<P5=T;W$8AQ]0;'^=9)567:P!7[
M'Q5BB6>LM6EW74.2TS81=6&VA01B&^RS$K,\B1!C933J&$#TM*G!WVDLH7\T
M8:\Y3A.4YS=;'G_;_O6!,#2%=U_+@!B/-_#`W\:U;$L0E_;@_P!P*&M_I)('
MX>016'+7OK2E,NEFBV&*;9.45`N%<KI$U=<S`&H1S0F&<A-V+8`FL30H>#_#
MDV9#ZG9:&8S+OS>RVG&<XE,;A^5RL2,P%/9FN40RQJSE6*G;&7#,=P(%EN2+
M"YK$ESL*&=Q(#[B6W-L8A;@$7<+8"QOYT'FL\9%!9<Z*=R.&223,?ZX1G]2*
M].:B.I7GX12/UJD(CNH>5^$+PE6%9_XYY#[Y50P[F$9.JW-K_B/O6=M0L)+`
MM;0_7^=1B'-H.U!A1K,(1;A(.T'JP1C&@J)D.-9:H3DA34;$4Q#RVXZ/(QW&
MON0E2%^,Y0I2<^>9#IF<?(INT4CQJX*M8E7`93=3]00;?SJS_P#;Y:$$*Z*Q
M!!%Q=38Z$?0U2TBZT@^`I$JBL2'*M;PTLK59(FL%80!D5"PPYG$MQL9'@5U4
MC]O'ZS$K]=R3E*_J2K*%^*LO%RH9IDRR!D1.`X+@L2;^-26M;4BX&E[7%()H
M'C0XX_M,MULI`M_*P_`&U_I4K-UNNV:.W$L@`+8(C+GW-138N"6CM.^/'VML
MSV)#:'/'X^6,8SS'BGG@;=`[HQ^JDC_*KDD,4R[9E5U^Q`(_QJ*.7O7`B\!-
M*9*"(%R-4\M;`E*:B*9Q)J`2?"$$I;#34;`QJ,S+(H;PQE27'$X<4A"D-N93
MDC#SI<1^5VLV*DJHTE_#L"P'F][#S]-+FY%[?OXR3+A743%"P7_2"`?P^OC_
M`-U34>)%B8>!XH;`&0$Y<5B$/AQH43"G<YR[G$:,TVSC+N<^5?T_G_?F(\DD
MK;Y&9G^Y-S_,U>5$0;4`"_8:53,5VOQ1T@/%!AXPF6IQ4H7'&0F1TE3V$X>5
M(@ML)C/9>PC&%94G/RQC'G_3GIFF9Q*SL9!X-S<?Q\UX(XPI0*NP_2PM_*K>
MQ1J5%>9DQJ?5XTF.XAZ/(CU\2R^P\VK"VWF76XB7&G6U8QE*DYQG&?SCEQLO
M*=2K2R%3]"QM_G5(@@4W"("/P%59NJUBS8C8L=<`V#$):G(?\V''E?U'%?'Y
M.1OWX\CZ%J^./.4^,Y\8Y1%D9$%_8D=+^=I(O^=J20PS6]Y%>WBX!M^5ZJ4&
M`J"^*RV1'(.-"D&,`D26$D6PN9*A[9'`]*L/I'?MMY9PY\?K^S'Q\^<>.>&*
M7V_?*M[6[;NMINM>U_O;6WFJ]Z;_`&[C?:]OK;Q>WVJYK0EQ"FUI2M"TJ0M"
MDX4E258SA25)5C*5)5C/C.,_C..6_P`O-55#F!>OM?XQ,BC*C3?YLF-#_M1!
MX<!DL7+S6X0H;EZ.Q$S-GD2#Z&F&LY4MUU>$IQE6>9)DS,STLTLNQ2UB6:RJ
M+D_6P`U)^@JPL>-C:JJ)N(&@"W)\#Z7)/BI*2&#3$*0-+CX10=*1AN5`(Q&)
MT*2C"L*PA^+*;=8>1A2<9\*3G'G'+".\;!XR5<>"#8C^(JZZ)(I1P&0^01<?
MRKZA`4.`A-C00D:%'-*6MH>)@11L)M3F?+BFXL-IEA"EY_.<X3YSGGLDLLS;
MYF9W^Y))_F:\CCCB4)$H5!]``!_(5\BH<2=@NC#8L<8'/_'[QY6%&(0GO@K"
MD?;$F-/,.?%6/./*<^,\1R21-OB9E<?4$@_S%'C212D@#(?H1<?R-1Z46INO
M\5&NY;@5QBU6#-4J8L8+S&@R3BPQNR9'LL#8N(D'Y"0$Q_YN8;;S]6<?+YJ3
MC-Y8\K,]V;U2&--[DFY"[E2^IN?4RCZG7[51N@QPD0`16;:H`L+V)MIH-`:B
M6TBVF-95HKLG:,*HA@,*:):*V,K78D][]TT6@`Q?VJ9'3)\EU\C.9;^6$JRA
M.?FK.$)4K&5QT7*Y\ZX''&5YB#90Q&B@L?J`+`'_`"\FK64V'C1G)R@@0$7)
M%]20!]+^2*R.:,B:R`+6$J^B$"KX><9)2D-./-Q!(J$[-F/I8C-N.NH8AL*5
MA#:5*5C'A.,Y\8Y@Q12SS+#&+S.P4#[L38>?Q^]9#ND<9D;2-02?R`O5+5DU
MIP&/)U.$/AA#L2*<A9&CVAC$R.4BLRH\Y45MB,K#LF,M&<Y6C#GCQA7C./'/
M<CW_`'F3)+&9"5-S>UC8B^O@UY%[>P&(`(VN@MY^M40B!5#D,D1C5F/';.22
M$,RV7JJPLXNL>0E0'UE8)8=$FSHK\B.MQAUY"FY+*TO-Y6VXA:JI&R(F5#(2
M4`*[7W!;@'0J2`;>0-0=#8BO$6)P6"CU7!NMB;&VMQK_`.T:C2I+!@PAD5F"
M-AQ1\*.G*(\.%':BQ6$95E>4LQV$-LM)RM6<^$XQCSG.>66=W8NY+.?).I_G
M5Q551M4`*/H*M**E56XDP>W6J^B`1=3((0D!AJ8DY]"L+0_,C8C88E/(6G&<
M*6E2L9QYY6<C(+!S(^]18'<;C\C]*H]J(*5VKM/D6%C^=710Z`N!D6J##4,S
M&_2R.5&8S!S#^OZ?U,Q,HS'S&^K^GZ_C\/C^/'CE`=P_N`GW+WO?6_WO]ZJV
MJ5VV&VUK?2U4$BLUR7"@C90`+)'#'67AL"0*@/PA[T?&<,.P8KL=;$1QG&<_
M!3:4Y3Y_'CE2S3*YD5W#MY-S<W^Y^M>&*(J%*KM'@6%A^7VK[A8((#;<:"!Q
M0=IY:G'6A8^(/;=<4M3BG'$1&64K6I:U9SG.,YSE6<_[YXDEEE-Y69C^))_S
MHD:1BR`*/P`%77ENJZ<4K7G?;94=/TO>X5<L%H$ZZVFH_:AU5%OGK!$`&->7
MVE9-CP$/"R1I`@I:(SDAB&V]+Q%^QQMMS*,IS-\.8I$R\)Y$CEGQMJ%SM4LL
ML<FTL=%W!"`6(%[`D7K`S@ZM#.JLR1RW8*+D`HRW`\FQ87`UM>PK".X2EVV/
M0X!ZKZXMM+ITS=@W^^VYE2M+MSO^M!]1G#&K@=UY32=0V7D+BXH'-*'YDI*N
MB8"7G6,QLJC9E.+BQ,#-:'(GBERAB'V[.FR.4N#L61P\6[9O.ZVP.U@=UFK"
MRVGR(!)%&R0F8;KJVYD"D;BBE7MNMI?=M%R+:5;06JSUHD]::[;9^S[518([
M?\XX].8V+K?,>)-(@_\`QT"M\"3:IUJ3&"C7W6`V#,]V<ZU%;><\/)5C%V7D
M8<=<^?&7'CS&;&"@&*74!O=9"$"78V+[%"@L0-+53'BR2'&CE,CP@2D_K3R1
ML#"Y;0:+N-]+^:HY-$/5RP;]CUFN;#AF[#VFZXW*/.C.7:8+-ZXP2TC%-D11
M-^9*"2(D!8(VV7:CKQ(8ALY3*3B+]..5+F03P839$D)B3CLI+'8"LML@J"+!
M@3NC*$Z$GT^J]4F"2.2?VED$C94+7]5BEXP2#XL+-N`U`\Z6JY(HERK=XV2=
MJXB]CG;=W8U<6*2H<^U.PS&N6:!KY-@)8BOSGQZ:HDM^ZQ,=9;0QGZ?H<SEM
MAM#='[S$R,."'(:%A%Q,P`(2ZR^Y)M%P+[[;2H)OK<:DDU>Q-'/))$L@+YJ$
MZMJFQ+GS;;>][::6^@J":MJN\&Y]VF.G;X)VLBB;MAGQDZC[#BUZRW`@0?QK
MLHO8=HNQ76<]T7)0RZ#57Q[&$CWG67DL(1]6,SD<GB"D*A(6XWWH"I$D19$`
M'N#VDC$HOJ)/<8^H`BY-ZLXT6;N<EI!E;)+@JUBQ/H.]F*&WE=H&EP;>*F75
M>K1QFX31L)2MO5L._P!==4!+"3VF/O<99'9$&TWF9:XL65>77GYAN/B<TX3=
MAYS#D.NH=;4YYRO.)V+),G&)#+-BR2C.F91"8S:(I&$)$>@4V(0'U``@V\5=
MXR(+ELZ)*J?MT!+AM7W,6_5]==;:'SK4HDZ2NNQ-G]H!Y&^W6B:TOIVEB204
M-6ZNEN]5][3=+!618JVG0A,K":EX:?&/NP5)S'4TOZU(>\K387EL3"X_CWCA
MBFSX4<AF=_[;">1ENBL`;:.`U[W%[C2KIPII\K*5G=,:1E!`"^H>VH-F()^X
M-O%M-:BMJ>O->MMLU\/JNU7<FNT_7JU5`D``V<C386HAD?34"RK<M<+#@4(#
M$O5,JR1'O/-NY^W[%,K:?4YF_CC#FQ8\V23&`3CLE'#,@D,Q,Y3T'U,QWH58
M`CZ7!6U6I3/',T"I+ZLJ)E(#%1&/;!]7@`;6N/\`"QO40UG4SPG=BGPM-V^#
MNDGMEN^P7&PEH5VA:X*:-+Q+L_#<C2YCR:%.$%SDD2N#'80HADDVN2E*4?8Z
MK*Y#)AEXFTLN*^(.-QU15,9E7(4Q@W`_N!@H<,3Z=EE\V%6L:)TS;HDRS'*D
M+$A@AC(:W^FQ.VP\WU\:U*=1!MGPJYUG""0ENKI6E:=WU3K-&/!S8D()V!!;
MH42K?SK4IAH<1A/D(\EP;,3]\>4PEU<9Q2<KYC\I+QSS\A+*\3QS96.Z%64L
M8S[A?;;4&Q&Y="#8,!5S$3*6/&15=72&56N"`&].V_T(O>Q\$7L:S#U:A"H5
M=::>K.WPNQ6ZG5&MJD-F(O\`^J7O#;,O!Y^!.M4V16SA)1?]AUV8$PN(N*]'
MPESZL,MHC.PO(T]Q)BO@^X_LB+V[B/3;<(-RC;8!9/4"&N+W)S.,"K'8K*,C
M8N\ONU;ZZMH3>^JZ6MK:U:Y6JM[WG7^V=CA^KVI6*MO"N2ZJTLX;C[,D:2UQ
M'*ZTLX(+K_-+D(FLW6!9K*=A-Y*,JE_MQ'?KRI#:<SF-/PR84?!29%O<Q&#^
ME3$)Y;2HS2>YI[92*-CL-MK"^I-1TL><9WY%8KE9QMU._P!M+HP";?Z@SL/4
M+W!K)@(784$]PM,@MMM=CICV]54ZY&$WC.L?XF:Z85J/]`HY,SJ](-H&L2U&
MA*0N7%G,2%.M(=^UQ>!-)`8\4E\8\&!C[T7V_>N-OO7%O>W;MY+:*5*V-K"L
MF-9`\P"R_P"X'W=K'=LMK[=C?9:VVP\@@W%[FHLR)%*U;7V*Y2NQT*!'N6J7
M=_CS+.V4VX\*CCC2+)^BT4GNF+/F)8UQ';$Y6L.H(0\>$JDMXPC&29)/]Q=I
MY<$N8IAC%?9V*;KMO8;4NMQ%[MBK?\)UJV$7]LHC3(`WI[H/N;B+&_DW.MM^
MSR/N*J:B[L:F/:?MY0%MQ[60C:^^8D`*H7<+/<@NM+/`GLZHQ;:JU@G<WQC,
MV(IN'B:P_*&1Y$1,C#/A66Z,D8&4,K%C?%'(-C8Y+71$:5"#-L?1+D&[;2`Y
M#%;Z71?N(?9F99?VRRRV%F+!&!V;EU:U_%[E01>U1JB:UNFP`VF&-E!MNQ(D
M/KSO&:4'D#MXJ\\??26Q:<_3X]ER*+09"KA"`JE*'-R'''6,(<6S_P!'RQD9
MF?AX4N4V`^,7.=C@$+&X,8B??LW`C86MN(`!T!\U;@QIIT@&0)0HQY"02RD,
M77;>Q'J`O;[:VJO2!V`+.UG9A6@;#N&P"'0Z*`4S^_=!BC&SA;*"I^IGYH:8
MPS6K21204MI;J8TMV3AS]5?[+?\`30TV%+#)Q\4\$6$O,EO$9VQ'174,#O06
MUM=0+;AM-5>WD+(N4\<CSG!`\L+N-2IM^EC?3P;WMJ*@X&I[$)4G?%3#CMFQ
MJ@5L755RKM"*SNC6WG]K94-O;S].C[`LYN^P4QZ]!:R8E,2HS7P0IW+:<J<=
M=RY\G`CR\/)F;'.4L>9ON\$OB(^P',:+&?43L!!/@7\`6$BR6AGB02>T6@VV
M61/ZQ[FW>Q;P/401]_N3.;]JDC#"["K"*SL@EK:C]J="7JIBAQ"_&2$.C,#=
M8E=A3J<Y`(OVHN%&FY1>0N-#<D?JR</Y8;2MO&$XF%R43309'N0+GS<=D1N2
M(U!DO*L8>X"*Q4(+L!<;;FQJ_/BN$DBVR'&3*B90-Q.VR%RMCN(!W&PO8WM4
ML"#[,#[-RR3%?NVP/[AOI!M9DV%VY44ZXI4BGJ92Y"L,F>]IFY4@;-@H;B0T
M-,$7),Y3F6U2F5NJQ97QYNOB-GA@"0CTJT+^ZX?ZJ![Z2$$EFN5LMKA2`+J+
M)'R18*\FYSJ0Z[%V_0W]ME!&@\W/W%63NFB^$)Y:-4J;<7BH;41<SKBWU,#N
M&VD9>R'9Y3]:O@8NNK0`J]-/AL#84O!,XW)1*:EX90AQII]I=[JIPHT5LF6(
M1MDJLJ.T"`16%V8RHSNK78;(R+$7)!((HYD3L2(D?<L1*,HD8[]=!L8!2+`[
MFO>]O`(--LO7M\*V3?.PX0_9CER`2>N4O5,D27M\:&T_";"+O"JY7X$YD$12
M^F1)9,IS%=2\QC+;V/BGQBK`SL**##PF;'_:N,H3`A";'=[>YB-P\`IJ+'4>
M:IR<?(:3(R%$GO*82EBUM+;K`&Q^H;34>:M$:I&Y78*A%#5.W%-V"*[6[-.F
M[9,A767K:'IN10-HCM<O1R;CRZ"V&9$DA,.,S&Q^W&)_L?:E"W'%.76RH4X6
M:.*7%7!;C8E5`8Q*9_<A,MQ_U-VX.Q)])3;:X`M3[+G/C=TF,XRW);U;!'L<
M)K^FUBH%M0U[_CG#L;5[WL_8&L-?@Z"+N%#`C[;L&_HMQ@K5*D6G20TVATRN
M-6$?5K9B67BNV0B65$_7Q]>8$=U2TYRWA41P>1A\?A9&;-,T6:Y2./8H=P`P
MD=MI=+*=JINOKN86\UF\A'/DSQ0)&'@4,S;B54FQ51<*USJ6M;Z`UJ-;@&SS
MFL!E9W11MQ')=3ZX[;U.%'ZZB;!)QR6[ZH3=K(2UJ=JS(U\@J]4R+!F!"Q%E
ML:I+TQ"LM.*6WG9L:?CH>0;(XJ;%1),^&9C*8A:!QO9/63;VW++(BDOHA%Q8
MU$RQY3XHCS$F9DQI$`3<;R*=H;2U]RV*L=-6\5G(11MM,;&U52&XESCZTNH3
M4&U[N;0_-C#:;8=+56&(,ZZ?4EYM0O%]-PJL_F"G"&I#4(M\T*^3GF'DS.-;
M`R,LF$Y\330QK8$NL[DK+^/MJ9AN^A:.Q\5G)!E">*$!QC.L;L?HIC4`I^&X
M[-/K9ZQ[9ZY?D437I"R#=E6$B&E]AG/_`!R1K&ZR0^P$R>W31"E3G;-JPA'-
M56TI!1VHX604:?&MCIZW6LLY;3E6=CSX1S)TQVQTC88W]T/`"H$*B0;9@5=-
MURX0ABR@&]ZL213C'C:02,P,OH(D(),A*FZ&ZFVBDW%C?2U2>XC-DE+X9*O4
M_;HO:A*SZ`(:9?&3[44H%)I2(='=VI7SQX-,S0VL#2+=D:.X*X^\M'>C982]
MG,?#>/BR8$>$D0EQ6XY8\D3W"+)))>3V656'N:CVC'LT0AMUO5>Y,N0TY;9,
M,DM$8[%BBKZ=X)'IT._=NU8$6OI4CQJ,K)I/9BVS)6U*WL$YLO:@ZLV0<Y?K
M*8A46;8!&!K-1I(\[!5)KA`?"S\<"DL3,,O/NPW4/JPKEC_<XER\#&08TF"D
M$)=3[:*9`K7WR%3Z@3_7=;@!@5%7/VKF')E8RK.TCA2-Q(4D6VJ"-/\`EU\D
M&]9LZPO%L5:T#9E)FU,2,M:VP!.3C8H^)<(LD*'E3C(FK[7<<N]5'PB;CL+]
M=[Q&>=CK?8\I=RK,3V`1')CD299)&B]0'M$H0S`*7A_MN2+-<:@$`^*S>-+^
>TRE"B!]#ZQNT%R%?U*+Z6.AM<>:V8Y`U(TXI7__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g546045ex5_0pg1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g546045ex5_0pg1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`1@"6`P$1``(1`0,1`?_$`(@``0`!!`(#`0``````
M```````*!P@)"P,&`0($!0$!`````````````````````!````8"`@$"`@,)
M"PT!`````0(#!`4&!P@`"1$2"B$3(A1W,4$C%=87.%@:87&AE1:VE[?7.5E1
MD;'1TE-4E+0F&)@9>1$!`````````````````````/_:``P#`0`"$0,1`#\`
MG\<!P'`<!P'`TTG?[-3+?N3[!&[>7DT$"9S=E(@B_=I(E+_)2M?1*F14I"E_
M<`/'`VG%WB9ZR=0=O@JW&RT]9Y_K<GXF`B(5J[DIV9GI36%VSBHV)9,B+/W\
MM(R"Z:2"213+*K'*4H"80#@:AL.OCLQ\!XTMW>`/`>`#7W-_@`_<_P"UN!Y_
M^?'9E^I=N]_Z^YO_`"6X'`YT#[*6+=9X\TTW:;-FR9E5UUL`YN3223+X\G.<
MU7\%*'G@5/U*[2.R'K:R03\SN=,K41:M2J2=JPCD]Q/3N.Y0[0I@6@KEBRWJ
M_5V9CHJF()T",9%`#^I%=(_@X!M?.HGLVQYVLZ=U+9&HP[>F7-A(.J'FG&:<
MF63/C[*$&V9N)2/9NA`KEW6)V/?MY.(<+%(J=BZ(10`625``RA<!P'`<!P'`
M<!P'`<!P'`TR/N`_[YCL&^W1U_-.M<#;WZG_`*+.M7V`8;_JZKG`K_P'`#\?
MA_HX$)KWH.I^%W^HN%MPVU;KD#G>J9SKV(WEM9,FK&?OF/[E4KC+'KDZZ;II
MK3PUF7JR#M@9P*AF2)W14Q`JQ@X%G'L>[S9"9`[`<:"_6/47%.P5>21ACB9N
MUL;2:R%7U'Z*?@0(N^C'A4U1\^3%;I_#Z/`V%G`<!P'`<!P'`<!P'`<!P-,C
M[@/^^8[!OMT=?S3K7`V]^I_Z+.M7V`8;_JZKG`K_`,"A^R>0,I8IP3E')6%L
M2!GC)M%J,G::MATEH+37F17,*F#YW5X>Q*0T^DRGY&-26+'D.U4(X>`FB82`
MI\PH0B)#WP2#%1ZR6ZX)1E)M#N&RC5_L>FDHU?(&.DHW>MC862<(J(+D$JA!
M])RB`@/@>!&I[@N\_9CN!E*%#Y&JM0P]A7%K^1G*1AZCO9.7;'M,HV&/<W"Y
MVF9*W=6>Q(1)CLV@IMF+1HW55!)`%%UE#A-5]HIUPY$U&U"R=L[FFKR%-R#N
M+*TZ2IU7G&BS&?B,)4)I-C3I>68./0XC%[U,6E_((H*D*H:-(R6'Q\WP`2Z.
M`X#@.`X#@.`X#@.`X#@:9'W`?]\QV#?;HZ_FG6N!M[]3_P!%G6K[`,-_U=5S
M@5_X'@0\_O\`WOX/O?OAP-8M[L+J&+JEL`3?C!M5*RU]V;LJZ.4XB#CS)Q>+
M]A'Z;F3D7BB2)C(L*[EY%!Q)("!2)(S*+U+Z!5FJ8A6/VC>&>K38^U7ZJ9\U
M]J5TWMP])AD[&4[DN?EK/5+=C(%V*!I2J8NEGG\APN6,K"<GUM55D[7%L]:N
M4?09%<Y0V0I0*`?1+Z0'Q\/'CX`'@`\!\/@`?YN![<!P'`<!P'`<!P'`<!P'
M`TR'N`_AW,=@WVZNOX:I60X$H7$/O3<*XQQ-B_&SC0W*,LXQ[CJDT=>51S;4
MVB,DO4ZS&0*S]%J>A+G;HO%&`J%(8YC%*8`$1'@5#_;A<(?X?N5?Z=:C_9[P
M'[<+A#_#]RK_`$ZU'^SW@2#=><^Z@>X6ZS+L#JMN4,:YKA++BK+>,9I]&RMX
MPQD6).DZ8J%?(()M_P"4-9>C'6&OR1$2$6+]66^64?F)%#5_7^G[9=#W:$5F
MR?J0^9]5LFMK#3)\$GK2KY<QK)"H,7(_(*<IWU$RY1'BC21;E.)T2.G+8QRN
M$3"0-O/HWN/B??G5K$&U>&'X.:;E6LHR:T6JX07E*=:F*AHVX42P%0$2H3U1
ML39PR7#P!5?E%63\I*$,(7:<!P'`<!P'`<!P'`<!P'`BF[K^TYU/W=VJS=M?
M>-G=AZ?;,XW)6YS=9JL=C96O0SQ6.CXX6<4I+UEY)':E3CRF`5E3G\F'X^.!
M:Y^Q(Z2_K@[3_P`58E_(_@/V)'27]<':?^*L2_D?P'[$CI+^N#M/_%>)?R0X
M&6WJ8Z'L>=0V2,BW+"6UF?,A5#*]7:0-ZQ/D5C0PI<K+0ST'E7N:(5^"C'[*
MSUM-=XV16(?TJ-7ZR:A3?@Q('=>W'HKU:[?'6)K+ERU7S$V2<2(R\+&9(Q>C
M7#3\_29@PO3TJR(V2+E&3^*C)SR^8'`I56:J[D"#Z7*@<#LW4AT^U3J(KF5,
M?XJV8S3E_%N4)2*LXX\RDPI1(:GW5@@:/?VNJN*U#1;QF]LD.1NUD43F.BX!
MDV/Z2G3\F#,;P'`<!P'`<"B.!MDL#[0U2;O.O>5*?EVHURXSF/IVPTJ3+*QD
M7=JR5D>?K3Q<A"`E*Q1)%`5D_'T05*/W^!6[@.!QJ+(I$45553231(=1510Y
M2)I)I@)E%%#F$"D(0H>1$1``#@=?@+E4+6+L*M:JW918*F0?!7YR,F19+%-Z
M#).PCG3D6RI3?`2G](@/`[`"J1E#)%53,J0`,=(#E%0@#]P3$`?44!^]Y#@<
MG`XU%D42B=95-(H"`"90Y2%`1^X`B80#R/C@>XF`/B(@`<#@^MM13%8'+<4@
M-Z!5^<G\L#^?'H$_J](&\_>\^>!Z?7V'_&M/^91_V^!079+;#6[3VD1F2=G\
MST3!]#F;&TJ$5:L@3"<+#O[._824HSA&SE0IP5D'$=#NEBD`/(IH''[@<"S"
M+[Q>H>8DH^)8=A^KIWTF\;L&9'&2HM@W.Z=*E10*L^?@V8M$S*'`!46433+Y
M\F,`<#*%&S,/,LV$A$2L;*L)5@TE8Q]&OFKYG(Q;]`CIC),'+555%XP>-E"J
M)+)F,FHF8#%$0$!X'Z(B`?=$`_?'@?,#YD9/YQ7;4R('^6*H.$A3^9_N_6!_
M3Z_W//G@?5Y\?$?@'`X4W""P"9%9)4I1])A24(H`&\>?2(D$0`WCX^/N\#R*
MZ(*`D*J8*F*)BI"<H*&*'Q$Q4Q'UF*`??`/'`C*>U-_0'V3_`/T8VC_Z'&W^
MO@9S]WLI7#!VF6V>:<>.F3&_8CULS?DNDO9)@C*Q[2V4;&MELU=<OHQQX;R+
M-&6C$3*('^@J0!*/P'@0N-4.WWLKVQ:8(@*YW5=9M,S?GI2H0D#@&T:NY#4O
ML)?KFZ0CXK'TO(Q>+7=3-8/QHY3;&.D^,T%4P`500$!$+M,WX^VQ[9.SNN]2
M>TVS4]3<#Z3ZCXOS+NH.N2[C&7_E=G.YQU47D?Q446A%XW'Q3W9DDT:.FRR#
M%-J[5*C]:=-U6P7;7'VNNJ6,%*WDCK=SIL1H!LI39N%E*]EFKY*MF4("519O
M4%)9C=Z+<)TH6%G)L@4#ZLD^:L5%!`KENNW,=$0_<TF6M;/W(?9S6K1:WEI?
MPNC>H",K(@BI#Q,O84ZKC!&9L;&K)/7D97AFWQ57(MD#'*W^<8A3F#R8P281
M$`#R/W.!#P[2(&Q=U?9F\ZP\=YB?XIUNT0PO<<K[%Y(@+$6%0D=K,C5)_`X4
MH2[Q-7T/R4AQ*-'3MN0#'^0,V@($712,4,E/M_\`=6Z;,Z5R^!<^N'#?;W0>
MUR6JFQ<3)/#/9E^ZHP/(F@7QRZ$H&D$;77(<[91[ZC_79**>+`82G*(A%5/9
MYP/:9;!S#RRV(KM+LD>MEY@LU*FEDHW\]M`2<(I/P<F>@F#<QOH%-X$1$?'D
M>!^XT;^T!/'-Q=;=[KI/A8I"Y$D]MA\Q-T+8HK_*#\UIVYE"+>?2'@Q!-_E#
M@9K_`&[.(8[;3K_S10MJ<=SFRVFE3W+R*]T)/N728ZZ6>1P5'QK5O5K`5A<6
M<BB9NR/+.TD%T0%!L[<OVS8Q4"`F4*7=U<QTY:7P=JTWE^HY.U;#[+X8L<?J
M[-X)U6Q@A&7#(MB:OZO7&]+OU8D(^\,+E2+FY8KNVK".6D4BJMS)(KE<)`<.
MS4GI[W!E.IKKKR10+?8<#=NFB.+!L&)'LG..$6<_6%[18K=&:JYDCCNS0\A&
M!3)9O#HI/2J(1+OYK)409+N@X%*YWLUV^[VX;'O6CJOC+)NFN0G\6X9=N67Y
MV$D8M766OUV;=UBWX=Q>^=JH2#FQY2D8ER#,C@49`62H,E/!"2CAL%)=IM3Z
MCV#[BUWI2U(R3.8*T@ZK-=+5.Y6OL7<13?6O<3(-9?L,<P]ML[I<5[?/Q-AD
M4GDXJ<IEA7"PH_@%?D^@,U'1SO#;-LNO"V8KS>]61VYT?4N6JNRD2^=$6G%K
M!CJ,DX>FWERLF/K>I6^LQA4U7X")7DQ'/SD,)0`1"+)U"9&V+ZM]9=?NVZ.L
M>1<PZ.9^R;D/7_L1Q<Y>25F=8="M9?L57Q+L?361U'+GZG!MG!6;_P`_2%50
MS4QC#)-SM`D"[59ZQNC[@+JSS8CE6`2U^=]=FUN6G>0$K.1/'+K'Z-.R%9T;
MNYD".0B5X9."*#LKD_D`3*`@/D`\!CDZE<-=S%9P?G%GU:[<]9F0]<'FW><Y
M2;E<E4+:!E:8K++Q>N#;JXX)=L)T6150BHDD6`*-VKA@90Y_D.E@]7I#+O+T
M[N3+J/V&U[L]ROH&XPC:-&]C(R!R!@:-S6PFL8V=3&=F0<6*WUXN-Y.2L]#+
M`NW*SXD8@ZET#-2?5&KHR@I"&#CK_P`=;S5_#FK,'JCL![:&\KQ=7HS+!5QN
M=-L[/:"QO$OE!4Y:7:V6B4_+J&4'+KT#Z7,4PEP=>/*)%?AP+OMDL-['S?8;
M@?(NK&W^OU,]PE0-6&J6WVO<!BG.DMJ7GG#I7+AY%O)R_J8_DZC0C)PRL6T3
M0G9-BZ>>B,,DHQ<$9JN`KKE2.]S7LM'0-3S78];NN#"47/U5?)>6-08;)>PN
MQ-B8M[%%D*VQ[3*.KEFR>E^Z$AG)$B13=-J!Q>N`9`X3.%(+[A[L&;=XVZ]A
MZT-LM-GV?G6K.K4#FVB;54;/(WN.I$)C['S**NLN]K6$XO$1INXSS1-XHA"3
M#E1`COT*LFABBFF&4+7.I^XOA+_(R6T&4.M.[8X0Q[D@(>M8RB,NUZ>D<H*T
MZ62Q3^,YJ2I8$CJ@WOAV*DRHD1=S^+B*@BD=02AP(K6&\)>VUIT9>HKM4W&R
M1EWL.6R[EB3VPL]!H78K5:PQRF^R!8E)>LQ["&P%`%>?B)4IDUGB[8BCEX9<
MR?X#Y0`&2/J!Q3H7!=IX9!Z,=FB7C65;7B6K._&!,L5C;Z&LD?ZK`]4QSDNC
MW+,6#8NL2=B)8EVJ:44^FFKP&C:2%H4Z2[@4`M4;80Q('MB,UX\-N1@$U&=]
MARDX\SR-(VI_-C%2WYYZ(Z-3']=4UU+F9:>!RB5L*S>JKQ'S5BC]=^4!U2!*
M+W]ANJZ;T(SI7]N+?KW3<!RV*4XB]7NKQM<E+/5E7I(YG6K72(BCQ$M=9"WP
MUJ49.XEO',7+I5VFF3Y!RB8@A]72!4MC:!U^8;I&>\HT7.=8KT(P2UES74HW
M*-8GLBZPNX]L[Q$]R-1,N8^Q[;J=:XJO*IM4D%FZPJ1:;4QE#J`=14*"^X5H
M.IV2]3\;5+-V<T]<]E'>:ZR[Z^LJ0U2R?=[_`!6UT:=)]4XFN5[#%)R!DI>!
MLHH),)9=E&+),Q<-''Q=I,B'#,#K6GG=#`^*6NT:E`<["L:;#QV6I'%[R6>T
M&;ND>W!E*6*L&G8*M2K1C8C(`^%HJR2%DJX,W`3E3*H8,$_6_29RJ[C^X;G]
M?,O87RCG"Y["U.0KU$>,LRUB,Q+DI*FY/1IL#F2=L^)8B%D&CB7=$565J"]H
M;@W;+`*I3G3*8(W>#\)>VDIM<M,/V@[CY,S!V"FREE.0VOMM%H?8I5:VCEE]
MD"R*SM?91T+K_7`<*P3CUHNG:[1-9T_!PH4"I"F0H9'>I?$VBL'V.Y$O?2!L
M^TNVHLEJQ-5;?#"&6JKM]#6JL3)GEC5QGE&F6[+N#(ZOSTL69,DD2)=2Z+\C
M$DL9LFJFJ8$`R)=%E)UDQ]T12-9S'F+"N==76SW:]SF+(K.$R?7L22&/'MWM
MKB^1\M&9FQWC"]I(P\:HN@Y,>'2`ZQ/+-1;\&H8(I%UU/U(+DG!XY8[1FRO5
M*?'^5I?58[O`V\Y=G$=+5-@:[8,ITV.CD=6P*>IH6MG+5TLJN_\`JGXO=NI%
)%`S,JR"0?__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
