<SEC-DOCUMENT>0001193125-13-229845.txt : 20130521
<SEC-HEADER>0001193125-13-229845.hdr.sgml : 20130521
<ACCEPTANCE-DATETIME>20130521170404
ACCESSION NUMBER:		0001193125-13-229845
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20130521
DATE AS OF CHANGE:		20130521
EFFECTIVENESS DATE:		20130521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tiger Media, Inc.
		CENTRAL INDEX KEY:			0001460329
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-188739
		FILM NUMBER:		13862561

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 902 AND 903, 500 WEIHAI ROAD
		STREET 2:		JING AN DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200041
		BUSINESS PHONE:		86-21-5401-0959

	MAIL ADDRESS:	
		STREET 1:		ROOM 902 AND 903, 500 WEIHAI ROAD
		STREET 2:		JING AN DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200041

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Searchmedia Holdings Ltd
		DATE OF NAME CHANGE:	20091104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ID ARIZONA CORP.
		DATE OF NAME CHANGE:	20090330
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>d541227ds8.htm
<DESCRIPTION>FORM S-8
<TEXT>
<HTML><HEAD>
<TITLE>Form S-8</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>Registration
No.&nbsp;333-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </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>UNITED STATES </B></FONT></P> <P STYLE="margin-top:0px;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:6px;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:6px;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:6px;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:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>TIGER MEDIA, INC. </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:6px;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:6px;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="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Cayman Islands</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></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>77-0688094</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"></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:6px;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="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></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="2"><B>K-Wah Center #38-03,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>1010&nbsp;Middle&nbsp;Huaihai&nbsp;Road,&nbsp;Shanghai,&nbsp;China</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>200031</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of Principal Executive Offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Tiger Media, Inc. Amended and Restated 2008 Share Incentive 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 the Plan) </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Joshua Weingard, Esq. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>4400 Biscayne Boulevard </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Miami, Florida 33137 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Name and Address of Agent for Service) </B></FONT></P> <P STYLE="font-size:6px;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:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(305) 575-4602
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Facsimile (305)&nbsp;575-4130 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Telephone number, including area code, of agent for service) </B></FONT></P> <P STYLE="font-size:6px;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:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>With a copy
to: </I></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Michael Francis, Esq. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Akerman Senterfitt </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; " ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>One Southeast 3rd Avenue, 25<FONT
STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> Floor </FONT></B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Miami, Florida 33131 (305)&nbsp;374-5600 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Facsimile (305)&nbsp;374-5095 </B></FONT></P> <P STYLE="font-size:6px;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:6px;margin-bottom:0px"><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&nbsp;12b-2 of the Exchange Act.&nbsp;(Check one): </FONT></P> <P STYLE="font-size:6px;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">&#168;</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></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">&#120;</FONT></FONT></TD></TR>
</TABLE> <P STYLE="font-size:6px;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:6px;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<BR></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<BR>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"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Proposed<BR>Maximum<BR>Offering Price<BR>Per Share(2)</B></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"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Proposed<BR>Maximum<BR>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(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(2)</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">Ordinary Shares, $0.0001 par value per share</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">1,500,000</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">$1.05</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">$1,575,000</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">$214.83</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">In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this registration statement also covers an indeterminate amount of interests to be offered or
sold pursuant to the employee benefit plan described herein. </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 purposes of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) on the basis of the average of the high and low prices of the
Ordinary Stock on the NYSE MKT on May&nbsp;15, 2013. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;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:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>This Registration Statement
will become effective upon filing in accordance with Rule 462(a) under the Securities Act. </B></FONT></P> <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><U>Explanatory Note </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On December&nbsp;14, 2012, the stockholders of Tiger Media, Inc. (the &#147;Company&#148;) approved an amendment of the Company&#146;s Amended and Restated 2008 Stock Incentive Plan (the &#147;Plan&#148;)
at the Company&#146;s 2012 Annual General Meeting of Shareholders to increase the aggregate number of shares of the Company&#146;s ordinary stock, $0.0001 par value (the &#147;Ordinary Stock&#148;), authorized for issuance under the Plan by
1,500,000 shares of Ordinary Stock from 3,000,000 shares of Ordinary Stock to 4,500,000 shares of Ordinary Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company previously
filed&nbsp;a Registration Statement on Form S-8 on September&nbsp;27, 2011 (File No.&nbsp;333-177025) registering the issuance of the initial 3,000,000 shares of the Company&#146;s Ordinary Stock under the Plan (the &#147;Earlier Registration
Statement&#148;). The additional shares to be registered by this Registration Statement are of the same class as those securities covered by the Earlier Registration Statement. Pursuant to General Instruction E to Form S-8, the contents of the
Earlier Registration Statement are incorporated herein by reference, except to the extent supplemented, amended or superseded by the information set forth herein. </FONT></P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</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>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"><FONT STYLE="font-family:Times New Roman" SIZE="2">The document(s) containing the
information required by Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). In accordance with Rule 428(b)(1) and the requirements of
Part I of Form S-8, such documents are not being filed with the Securities and Exchange Commission (the &#147;Commission&#148; or &#147;SEC&#148;) either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424 under the Securities Act. </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>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="9%" 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"><FONT STYLE="font-family:Times New Roman" SIZE="2">The SEC allows us to provide information about our business and other important information to you by &#147;incorporating by reference&#148; the
information we file with the SEC, which means that we can disclose the information to you by referring in this prospectus to the documents we file with the SEC. Under the SEC&#146;s regulations, any statement contained in a document incorporated by
reference in this prospectus is automatically updated and superseded by any information contained in this prospectus, or in any subsequently filed document of the types described below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">We incorporate into this prospectus by reference the following documents filed by us with the SEC, each of which should be considered an important part of this prospectus: </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">Our Annual Report on Form 20-F for the year ended December&nbsp;31, 2012, filed with the SEC on April&nbsp;19, 2013, as amended on Form 20-F/A, filed with the SEC on
May&nbsp;14, 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">b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">All other reports filed by the Registrant pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act since the end of the Registrant&#146;s fiscal year ended
December&nbsp;31, 2012; 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="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">The description of the Company&#146;s Ordinary Stock contained in the Company&#146;s Current Report on Form 8-K, filed with the SEC on November&nbsp;5, 2009.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">In addition, all documents subsequently filed by us 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 by reference into this registration statement and to
be a part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this registration statement to the
extent that a statement contained herein or in any other subsequently filed document which also is or deemed to be incorporated by reference herein modifies or supersedes such statement. Any 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="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We will provide to you, upon request, a copy of
each of our filings at no cost. Please make your request by writing or telephoning us at the following address or telephone number: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Tiger Media, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">K-Wah Center #38-03, </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">1010 Middle Huaihai Road, Shanghai, China 200031 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Tel: (86)-21-5401-0959 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">You should rely only on the information incorporated by reference or
provided in this prospectus or any supplement. We have not authorized anyone else to provide you with different information. You should not assume that the information in this prospectus or any supplement is accurate as of any date other than the
date on the front of those documents. </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="9%" 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"><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="9%" 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"><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="9%" 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"><FONT STYLE="font-family:Times New Roman" SIZE="2">Cayman Islands law does not limit the extent to which a company&#146;s articles of association may provide for the indemnification of its directors,
officers, employees and agents except to the extent that such provision may be held by the Cayman Islands courts to be contrary to public policy. For instance, the provision purporting to provide indemnification against the consequences of
committing a crime may be deemed contrary to public policy. In addition, an officer or director may not be indemnified for his or her own fraud, willful neglect or willful default. </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">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"><FONT STYLE="font-family:Times New Roman" SIZE="2">Article 149 of the Company&#146;s articles of association make indemnification of directors and officers and
advancement of expenses to defend claims against directors and officers mandatory on the part of the Company to the fullest extent allowed by law. </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="9%" 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"><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="9%" 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="6%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:28pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit<BR>Number</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></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;3.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Memorandum and Articles of Association of SearchMedia Holdings Limited upon completion of redomestication. </FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></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;3.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Certificate of Incorporation of Change of Name to Tiger Media, Inc. dated December&nbsp;14, 2012.</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (2)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></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;3.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Secretary&#146;s Certificate regarding Amendments to Articles of Association dated December&nbsp;14, 2012.</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (3)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></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;5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Opinion of Walkers.</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">10.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tiger Media, Inc. (fka SearchMedia Holdings Limited) Amended and Restated 2008 Share Incentive Plan.</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"> (4)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></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">10.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amendment to Tiger Media, Inc. Amended and Restated 2008 Share Incentive Plan effective September&nbsp;13,&nbsp;2011.</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(5)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></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">10.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amendment to Tiger Media, Inc. Amended and Restated 2008 Share Incentive Plan effective December&nbsp;14,&nbsp;2012.</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(6)</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"></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 Walkers (included in Exhibit 5.1).</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 Marcum Bernstein &amp; Pinchuk 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">24.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Power of Attorney (set forth on the signature page to this Registration Statement).</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Documents incorporated by reference to the indicated exhibit to the following filings by the Company under the Securities
Act of 1933, as amended, or the Securities Exchange Act of 1934. </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">Incorporated by reference to Exhibit 3.3 of the Registrant&#146;s Current Report on Form 8-K, filed with the Securities and Exchange Commission on November&nbsp;5, 2009
(File No.&nbsp;333-158336). </FONT></TD></TR></TABLE> <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">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Incorporated by reference to Exhibit 1.2 of the Registrant&#146;s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April&nbsp;19, 2013
(File No.&nbsp;333-158336). </FONT></TD></TR></TABLE> <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">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Incorporated by reference to Exhibit 1.3 of the Registrant&#146;s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April&nbsp;19, 2013
(File No.&nbsp;333-158336). </FONT></TD></TR></TABLE> <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">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Incorporated by reference to Exhibit 10.13 of the Registrant&#146;s Current Report on Form 8-K, filed with the Securities and Exchange Commission on November&nbsp;5,
2009 (File No.&nbsp;333-158336). </FONT></TD></TR></TABLE> <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">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Incorporated by reference to Exhibit 4.3 of the Registrant&#146;s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April&nbsp;19, 2013
(File No.&nbsp;333-158336). </FONT></TD></TR></TABLE> <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">(6)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Incorporated by reference to Exhibit 4.4 of the Registrant&#146;s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April&nbsp;19, 2013
(File No.&nbsp;333-158336). </FONT></TD></TR></TABLE> <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="9%" 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">The undersigned Registrant
hereby undertakes: </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">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">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: </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">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="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" 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 percent change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective Registration Statement;
</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">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:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">provided, however, that paragraphs (1)(i)&nbsp;and (1)(ii)&nbsp;above do not apply
if 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&nbsp;13 or Section&nbsp;15(d) of the Exchange Act of
1934 that are incorporated by reference in the Registration Statement. </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">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="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></TD></TR></TABLE>
<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">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">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></TD></TR></TABLE> <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">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">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&nbsp;13(a) or Section&nbsp;15(d) of the 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 therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof. </FONT></TD></TR></TABLE> <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">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">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 the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the 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 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></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>


<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><U>SIGNATURES </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><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 Shanghai, China on the 21st day of May, 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="100%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">TIGER MEDIA, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Steve Ye</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U></U>Steve Ye</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief
Financial Officer</FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Steve Ye
and Joshua Weingard, and each of them acting alone, his true and lawful attorneys-in-fact and agents, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments, including post-effective amendments, to this
Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission granting unto said attorneys-in-fact and agents, full power and authority to do and
perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or their substitute or
substitutes, may lawfully do or cause to be done by virtue hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Act of 1933, the
Registration Statement has been signed by the following persons in the capacities and on the dates indicated. </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 STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><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" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>TITLE</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px" 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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Peter Tan</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Peter Tan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Executive Officer and Director</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(Principal Executive Officer)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</FONT></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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Steve Ye</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Steve Ye</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chief Financial Officer</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(Principal Financial Officer and</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Principal
Accounting Officer)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</FONT></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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Robert Fried</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Robert Fried</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</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</FONT></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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Chi-Chuan Chen</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Chi-Chuan (Frank) Chen</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"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</FONT></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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Steven D. Rubin</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Steven D. Rubin</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"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</FONT></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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Paul Conway</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Paul Conway</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"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</FONT></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:0px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Jeffrey Yunan Ren</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Jeffrey Yunan Ren</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"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013</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">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><U>EXHIBIT INDEX </U></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> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000;width:28pt"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Number</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></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;5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Opinion of Walkers.</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 Walkers (included in Exhibit 5.1).</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 Marcum Bernstein &amp; Pinchuk 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">24.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Power of Attorney (set forth on the signature page to this Registration Statement).</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>d541227dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit 5.1 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">21&nbsp;May 2013 </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="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tiger Media, Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">Our Ref: RLM/vm/I0692-121020</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dear Sirs </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TIGER MEDIA, INC. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We have been asked
to provide this opinion in connection with the Registration Statement on Form S-8 filed on the date hereof (the &#147;<B>Registration Statement</B>&#148;) by Tiger Media, Inc. (the &#147;<B>Company</B>&#148;) with the Securities and Exchange
Commission (the &#147;<B>SEC</B>&#148;) for the purposes of registering, under the United States Securities Act of 1933, as amended, an additional 1,500,000 ordinary shares of the Company&#146;s share capital that may be issued pursuant to the Plan
(as defined in Schedule 1). It is noted that the Company previously registered 3,000,000 ordinary shares on Form S-8 with the SEC which took effect on 27&nbsp;September 2011. For the purposes of giving this opinion, we have examined and relied upon
the originals, copies or certified translations of the documents listed in Schedule 1. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">In giving this opinion we have relied upon the
assumptions set out in Schedule 2, which we have not independently verified. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We are Cayman Islands&#146; Attorneys at Law and express no
opinion as to any laws other than the laws of the Cayman Islands in force and as interpreted at the date of this opinion. We have not, for the purposes of this opinion, made any investigation of the laws, rules or regulations of any other
jurisdiction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based upon the foregoing examinations and assumptions and upon such searches as we have conducted and having regard to legal
considerations which we consider relevant, and subject to the qualifications set out in Schedule 3, and under the laws of the Cayman Islands, we give the following opinions in relation to the matters set out below. </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">The Company is an exempted company duly incorporated with limited liability, validly existing under the laws of the Cayman Islands and is in good standing with the
Registrar of Companies in the Cayman Islands. </FONT></TD></TR></TABLE> <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">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based solely upon our examination of the Register of Writs and other Originating Process of the Grand Court (the &#147;<B>Court Register</B>&#148;) on 17&nbsp;May 2013
(the &#147;<B>Search Date</B>&#148;), we confirm that, as at 9.00am on the Search Date (the &#147;<B>Search Time</B>&#148;), there are no actions, suits or proceedings pending against the Company before the Grand Court and no steps have been, or are
being, taken compulsorily to wind up the Company. </FONT></TD></TR></TABLE> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:100px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Walkers </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">190 Elgin Avenue, George Town </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">Grand Cayman KY1-9001, Cayman Islands </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>T</B> +1 345 949 0100&nbsp;&nbsp;&nbsp;&nbsp;<B>F</B> +1 345 949 7886&nbsp;&nbsp;&nbsp;&nbsp;www.walkersglobal.com </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"><B>WALKERS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Page 2 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></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">The Company has reserved an aggregate of 4,500,000 ordinary shares of the Company for issue pursuant to the Plan. </FONT></TD></TR></TABLE>
<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">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each of the 4,500,00 ordinary shares of the Company issuable by the Company as contemplated by the Plan will upon issuance in accordance with the terms of the
Resolutions and having been entered in the register of members of the Company, be a validly issued and fully paid, non-assessable ordinary share of the Company. </FONT></TD></TR></TABLE>
<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">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;38 of the Companies Law provides that, inter alia, every &#147;person who has agreed to become a member of a company and whose name is entered on the
register of members shall be deemed to be a member of the company&#148;. Section&nbsp;48 of the Companies Law provides that the &#147;register of members shall be prima facie evidence of any matter by this law directed or authorised to be inserted
therein&#148;. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This opinion is limited to the matters referred to herein and shall not be construed as extending to any other
matter or document not referred to herein. This opinion is given solely for your benefit and the benefit of your legal advisers acting in that capacity in relation to this transaction and may not be relied upon by any other person without our prior
written consent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This opinion shall be construed in accordance with the laws of the Cayman Islands. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Yours faithfully </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WALKERS </B></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"><B>WALKERS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Page 3 </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"><B>SCHEDULE 1 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>LIST OF DOCUMENTS EXAMINED </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">The Registration by way of Continuation dated 29&nbsp;October 2009, the Certificate of Incorporation on Change of Name dated 30&nbsp;October 2009, the Certificate of
Incorporation on Change of Name dated 14&nbsp;December 2012, the Memorandum and Articles of Association adopted on 29&nbsp;October 2009 pursuant to special resolution dated 31&nbsp;March 2009 (the &#147;<B>Memorandum and Articles of
Association</B>&#148;), copies of which have been provided to us by its registered office in the Cayman Islands (together the &#147;<B>Company Records</B>&#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%" 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">The Court Register kept at the Clerk of Court&#146;s Office, George Town, Grand Cayman as at the Search Time. </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">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">A Certificate of Good Standing dated 17&nbsp;May 2013 in respect of the Company issued by the Registrar of Companies in the Cayman Islands (the &#147;<B>Certificate of
Good Standing</B>&#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%" 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">A copy of an executed Secretary&#146;s Certificate dated 14&nbsp;May 2013, which exhibits extracts of certain resolutions passed at a meeting of the board of Directors
of the Company held on 18&nbsp;October 2012 (the &#147;<B>Resolutions</B>&#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%" 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">A copy of the Amended and Restated 2008 Share Incentive Plan initially approved at a meeting of the shareholders of the Company on 27&nbsp;October 2009, amended at a
meeting of the shareholders of the Company on 13&nbsp;September 2011 and further amended at a meeting of the shareholders of the Company on 14&nbsp;December 2012 as provided to us by the Company (the &#147;<B>Plan</B>&#148;).
</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"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WALKERS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Page 4 </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"><B>SCHEDULE 2 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ASSUMPTIONS </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">The Memorandum and Articles of Association reviewed by us are the Memorandum and Articles of Association of the Company in force at the date hereof.
</FONT></TD></TR></TABLE> <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">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company Records are complete and accurate and constitute a complete and accurate record of the business transacted and resolutions adopted by the Company and all
matters required by law and the Memorandum and Articles of Association of the Company to be recorded therein are so recorded. </FONT></TD></TR></TABLE> <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">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">There are no records of the Company (other than the Company Records), agreements, documents or arrangements other than the documents expressly referred to herein as
having been examined by us which materially affect, amend or vary the transactions envisaged in the Documents or restrict the powers and authority of the Directors of the Company in any way or which would affect any opinion given herein.
</FONT></TD></TR></TABLE> <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">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The records of the Company which we have specifically not reviewed, do not disclose anything which would affect any opinion given herein. </FONT></TD></TR></TABLE>
<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">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Court Register constitutes a complete record of the proceedings before the Grand Court as at the Search Time </FONT></TD></TR></TABLE>
<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">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Resolutions have been duly executed (and&nbsp;where by a corporate entity such execution has been duly authorised if so required) by or on behalf of each Director
and the signatures and initials thereon are those of a person or persons in whose name the Resolutions have been expressed to be signed. </FONT></TD></TR></TABLE> <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">7.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Resolutions remain in full force and effect and have not been revoked or varied. </FONT></TD></TR></TABLE>
<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">8.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">No resolution voluntarily to wind up the Company has been adopted by the members and no event of a type which is specified in the Company&#146;s articles of association
as giving rise to the winding up of the Company (if any) has in fact occurred. </FONT></TD></TR></TABLE> <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">9.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">In connection with the issuance of ordinary shares pursuant to the Plan, the Company will receive consideration (in the determination of the Directors) in money or
money&#146;s worth which exceeds the par value of the Ordinary Shares so issued. </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"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WALKERS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Page 5 </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"><B>SCHEDULE 3 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>QUALIFICATIONS </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">Every conveyance or transfer of property, or charge thereon, and every payment obligation and judicial proceeding, made, incurred, taken or suffered by a company at a
time when that company was unable to pay its debts within the meaning of section 93 of the Companies Law, and made or granted in favour of a creditor with a view to giving that creditor a preference over the other creditors of the company, would be
invalid pursuant to section 145(1) of the Companies Law, if made, incurred, taken or suffered within&nbsp;the six months preceding the commencement of a liquidation of the Company.&nbsp;Such actions will be deemed to have been made with a view to
giving such creditor a preference if it is a &#147;related party&#148; of the company.&nbsp;A creditor shall be treated as a related party if it has the ability to control the company or exercise significant influence over the company in making
financial and operating decisions. </FONT></TD></TR></TABLE> <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">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any disposition of property made at an undervalue by or on behalf of a company and with an intent to defraud its creditors (which means an intention to wilfully defeat
an obligation owed to a creditor), shall be voidable: </FONT></TD></TR></TABLE> <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%"><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">under section 146(2) of the Companies Law&nbsp;at the instance of the company&#146;s official liquidator; and </FONT></TD></TR></TABLE>
<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%"><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">under the Fraudulent Dispositions Law, at the instance of a creditor thereby prejudiced, </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">provided that in either case, no such action may be commenced more than six years after the date of the relevant
disposition. </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">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If any business of a company has been carried on with intent to defraud creditors of the company or creditors of any other person or for any fraudulent purpose, the
Court may declare that any persons who were knowingly parties to the carrying on of the business of the company in such manner are liable to make such contributions, if any, to the company&#146;s assets as the Court thinks proper.
</FONT></TD></TR></TABLE> <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">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Our opinion as to good standing is based solely upon receipt of the Certificate of Good Standing. The term &#147;good standing&#148; as used herein means that the
Company is not currently in breach of its obligations to file the annual return, and pay the annual filing fees, due for the current calendar year, and having regard to any grace periods permitted under the Companies Law. </FONT></TD></TR></TABLE>
<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">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based on the decision in the English case of <I>Houldsworth v City of Glasgow Bank</I> (1880)&nbsp;5 App Cas 317 HL, in the event of a
misrepresentation by a Company on which a shareholder relied in agreeing to subscribe for shares in such Company, the shareholder may be entitled to rescind the share subscription agreement and thereafter claim damages against such Company for any
additional loss suffered as a </FONT></P></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"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WALKERS </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Page 6 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></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 ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">
result of the misrepresentation. Such a claim for damages will not arise unless and until the shareholder has successfully rescinded the share subscription agreement. A shareholder may be barred
from rescinding on the grounds of delay or affirmation and if such Company is wound up (whether voluntarily or compulsorily), such shareholder will lose the right to rescind the share subscription agreement. </FONT></TD></TR></TABLE>
<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">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Court Register may not reveal whether an application for the appointment of a liquidator or a receiver has been presented to the Courts or whether any out of court
appointment of a liquidator or a receiver has occurred.&nbsp;The Court Register may not reveal whether any pleadings filed subsequently to an originating process by which new causes of action and/or new parties are or may be added (including amended
pleadings, counterclaims and third party notices) have been filed with the Grand Court prior to 8&nbsp;December 2008 and they may not be updated every day. </FONT></TD></TR></TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>3
<FILENAME>d541227dex232.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit 23.2 </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">


<IMG SRC="g541227g87l20.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM&#146;S CONSENT </U></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 this Registration Statement of Tiger Media, Inc. (formerly
SearchMedia Holdings Limited ) (the &#147;Company&#148;)<B> </B>on Form S-8 of our report dated April 19, 2013 with respect to our audits of the consolidated financial statements of the Company as of December 31, 2012 and 2011 and for the years
ended December 31, 2012, 2011 and 2010 appearing in the Annual Report on Form 20-F of the Company for the year ended December 31, 2012. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/
Marcum Bernstein &amp; Pinchuk LLP </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Marcum Bernstein &amp; Pinchuk LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">New York, New York </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">May 21, 2013 </FONT></P>
<P STYLE="font-size:120px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:120px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:120px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="font-size:60px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">


<IMG SRC="g541227g07e99.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>NEW YORK OFFICE</B><B>&nbsp;&#149;&nbsp;</B><B></B><B></B>7 Penn
Plaza&nbsp;&#149;&nbsp;<B></B><B></B><B></B>Suite 830<B>&nbsp;&#149;&nbsp;</B><B></B><B></B>New York, New York 10001<B>&nbsp;&#149;&nbsp;</B><B></B><B></B><B>Phone</B> 646.442.4845&nbsp;&#149;&nbsp;<B></B><B></B><B>Fax</B>
646.349.5200<B></B><B></B><B>&nbsp;&#149;&nbsp;marcumbp.com</B> </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g541227g07e99.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g541227g07e99.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^$->VAT
M='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T(&)E9VEN/2+O
MN[\B(&ED/2)7-4TP37!#96AI2'IR95-Z3E1C>FMC.60B/SX*/'@Z>&UP;65T
M82!X;6QN<SIX/2)A9&]B93IN<SIM971A+R(@>#IX;7!T:STB061O8F4@6$U0
M($-O<F4@-"XR+C(M8S`V,R`U,RXS-3(V,C0L(#(P,#@O,#<O,S`M,3@Z,3(Z
M,3@@("`@("`@("(^"B`\<F1F.E)$1B!X;6QN<SIR9&8](FAT='`Z+R]W=W<N
M=S,N;W)G+S$Y.3DO,#(O,C(M<F1F+7-Y;G1A>"UN<R,B/@H@(#QR9&8Z1&5S
M8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("!X;6QN<SID8STB:'1T<#HO+W!U
M<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B"B`@("!X;6QN<SIX;7!2:6=H=',]
M(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]R:6=H=',O(@H@("`@>&UL
M;G,Z<&AO=&]S:&]P/2)H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O<VAO<"\Q
M+C`O(@H@("`@>&UL;G,Z27!T8S1X;7!#;W)E/2)H='1P.B\O:7!T8RYO<F<O
M<W1D+TEP=&,T>&UP0V]R92\Q+C`O>&UL;G,O(@H@("!X;7!2:6=H=',Z5V5B
M4W1A=&5M96YT/2(B"B`@('!H;W1O<VAO<#I!=71H;W)S4&]S:71I;VX](B(^
M"B`@(#QD8SIR:6=H=',^"B`@("`\<F1F.D%L=#X*("`@("`\<F1F.FQI('AM
M;#IL86YG/2)X+61E9F%U;'0B+SX*("`@(#PO<F1F.D%L=#X*("`@/"]D8SIR
M:6=H=',^"B`@(#QD8SIC<F5A=&]R/@H@("`@/')D9CI397$^"B`@("`@/')D
M9CIL:3YH;W=E<C!C;3PO<F1F.FQI/@H@("`@/"]R9&8Z4V5Q/@H@("`\+V1C
M.F-R96%T;W(^"B`@(#QD8SIT:71L93X*("`@(#QR9&8Z06QT/@H@("`@(#QR
M9&8Z;&D@>&UL.FQA;F<](G@M9&5F875L="(^36EC<F]S;V9T(%=O<F0@+2!%
M>&AI8FET(#(S7S(@=&\@0V]N<V5N="!O9B!-87)C=6TN9&]C/"]R9&8Z;&D^
M"B`@("`\+W)D9CI!;'0^"B`@(#PO9&,Z=&ET;&4^"B`@(#QX;7!2:6=H=',Z
M57-A9V5497)M<SX*("`@(#QR9&8Z06QT/@H@("`@(#QR9&8Z;&D@>&UL.FQA
M;F<](G@M9&5F875L="(O/@H@("`@/"]R9&8Z06QT/@H@("`\+WAM<%)I9VAT
M<SI5<V%G951E<FUS/@H@("`\27!T8S1X;7!#;W)E.D-R96%T;W)#;VYT86-T
M26YF;PH@("`@27!T8S1X;7!#;W)E.D-I061R17AT861R/2(B"B`@("!)<'1C
M-'AM<$-O<F4Z0VE!9')#:71Y/2(B"B`@("!)<'1C-'AM<$-O<F4Z0VE!9')2
M96=I;VX](B(*("`@($EP=&,T>&UP0V]R93I#:4%D<E!C;V1E/2(B"B`@("!)
M<'1C-'AM<$-O<F4Z0VE!9')#=')Y/2(B"B`@("!)<'1C-'AM<$-O<F4Z0VE4
M96Q7;W)K/2(B"B`@("!)<'1C-'AM<$-O<F4Z0VE%;6%I;%=O<FL](B(*("`@
M($EP=&,T>&UP0V]R93I#:55R;%=O<FL](B(O/@H@(#PO<F1F.D1E<V-R:7!T
M:6]N/@H@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T83X*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^_^X`#D%D;V)E`&3``````?_;
M`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``
M$0@`-0!?`P$1``(1`0,1`?_$`*````$$`P$!```````````````&!P@)!`4*
M`P$!`0`!!`,!```````````````!`@0&!P,%"`D0```&`0(%`P($`@H#````
M``$"`P0%!@<`"!$2$Q05%A<)(2(Q02,8)"51<3)"0W.S-;49-G8X$0`!`P,#
M`@0%!``'```````!`@,$`!$%(1(&,0=!42(387$R%`B!D:%"8G*"HC,5"?_:
M``P#`0`"$0,1`#\`[^-*4:4HTI1I2L"5D$HF+DI18HF1C6#R05*7^T9)FW4<
M*%+^/U$J8\-*51ADWYJ)?%<'$V^Q[/,JEI=FL%G@:G94W<CV4\I6)N7A'2Z!
MC5'I%ZJL*L<I2J*?:'XZ[_!<8S7)%N(P[7NJ;%U"^HU`\CIK6N>X?=?@O:QB
M/(YM,^T8E**6U$"Q4`21<J3K8$VI/XF^<:3SA;24?&FS/+5CLAV#J4%BV=R1
MA3CV1D2.7:HHT]<R:*1W!`$PEX`)@_IU?9C@W)L%#,_)Q_;BA0%[GJ;GR'E6
M.<)_(3M/W$SB>.<2R0E9=396$)"?I!2"399L`5#6WB*N(VUYO;[B<-T[+3>M
MR-0&T,$W+FM2QSGD(9T***JS%R=1LS.91`5@`>*9!XA^&L2K=1%C:GVTJ*-*
M4:4HTI1I2C2E&E*-*4F+O_X9;O\`UB?_`.*=Z4KFHS6X:95VX8XVUK(-?43;
M$F8<_P"-!.;^/F+K7]RMJJ4S"LR<X=0C:@.))X8`#B`(B(CP#AK8W:[/_P#0
M\L94XK;$D`M+^1%T_P"X)%>8/R^[:CN+V:FB,W[N9Q2TRXX\24V0Y^S*G#_-
M-Y\7,M!X2FL<WB:2*O;MS.6&."\?M.8$USTLL/;9&_6`HG`W6;Q-AKD4B<"<
MH@9<-;`[ZY[>]&X\RH^D^ZX/C8;+_,*)KS5_YY=N/MX.5[F36[.N@1(RO-&Y
M1D6^2VVQ^E7R?'G_`/+M)_SWO^DSUYYKZ;*%C4W=*IHTI1I2C2E&E*-*4:4H
MTI2=N""SJI6ALW3,JX<5V;002)PYE5EHQRFDF7B(!S'.8`#^O2@KB_W<3F=J
MAGGXW\FX-QO=K\O@5SFRI9LBH:'<HI5Z#R-E')\9(I3!98K%I)(DJ-P\@0$!
M<%X`40^\``*FW5M/)<;-E)(4/F#<?R*B5&9G0GX;]BP^TMM7^5:2D_P32WO#
M^PA\OFSAWCN@7.*V);5&LLY@LF#`22-=/,Y)91,Q>'+R+21-/N58Z?B^D0YV
MAS%ZA@3X%$>/89G,S,Y/5DYZMTA:4I)^"18?L*Q;@?",'V[XPUQ3CJ/;Q;*E
MK2.GJ<5N5^YN:Z7-@,9(Q>V"AI23)TP6<$7>)(/$3MUQ;.$6@HJF15`JJ?4`
MH_0P`8/S`-=:=#K66*U-3/TJFC2E&E*-*5#C<SO=Q!M2R=M=Q?E$)Q&4W89%
MEL78[D8UF@YC6MKCVL0NV:S:RSIL+1*37FD443%!01.(_;I4@7IN[S\E>WFA
M;D<K[8YA>>&ZX8P8_P`Z7N129M?`Q\,U,CVM>2>&>@HK8Y1)T@9N@8A`.*Y`
MX_7CI4[=+U'R,^9O"EUH>VVZ8@Q'FS+[S<ZQOCVD5"C51O*VF--CBP!6;.TL
M$<C)&[!VQE>)#$`RG`2CQX<-3:IV6.O2MA#_`#)8,LLG7\;UK$F?I?<A,7:V
MT64VVI41L&5:>]HKB);6>Q6R!)-+.8JF-#S*8IOQ*85"D4$4R\OUB@0>IZ4X
M6(/E-PYE7/6.=L3W'F7L:YSO5LRG47E#R-5$*_)5MQBO&K+*$E-ODQDW"ZE:
MFH1^1!@[Z9>N\343Y"@3F&;:7J"FPOX5JYCY;]M]>W[._CZG6%PB<JMK9!4L
MED>QK1&DKS=@Q$VS''HIRQWP*\BE?=%;@/2XB\'DX</NU&OAYU.P[-_A3H.O
MDBVZL<];A\!/9&71L&V>F5JXY#FRM6IX$Y;0V;N&<%"NN^*9]/-A7%-9`Q4N
M14AB\1X:OL9CI>7G-XZ"G=*<-@/`?$G6P^-JQKEW*L+P?CLCE'(7@SBHJ-RS
MH5$>`2"1=1\!<5G2^_:EU&&F)_(^+LOXRBD*99+K7'EXJ:<*A:6E7CBR4A#Q
MZBLB8`GUD5T`0;AS@H94`Y@_/+VN`3I3Z(^/E0I+Q?0TL-.;BV7#M"E>GZ`0
M;GPMTK2<S\D<#A8#V2Y3A\YB8@@/RF%2XP:3(3'0'%MH)7_S*"D[$:[BKZA7
MHOOYQU5RQ1\KX_RQB=*QQ+^6J;ZXU1)A$VH(^'6FU(F#?JR:?>SZK)'BFU`G
MW"<GW!S?2!P'(RBL8J1$EEM82X&W+ENZ@G<H!.B`3JKX'32JW/R2XOAPR>9X
MS-85$IA;L=<F.$-R`AHNEII96-SQ2/2V!J5)]0O60AOLI3%2`->,9Y=QQ'75
MJZ=46:N=33B8FS&1CW<PVCF[M21,"<N^AF2CI)`H*<42";F^FJ5<$F+#@@RH
MDEUE0#J6U[E(U"22+?2%$)OIJ:YD?D3@8RXQY!B<WBXL]"E1'94<-MOV;4Z$
M!16;.J:2I:4#=Z03>MIF7>_C/">+<?Y6LD-:'L)D6MLK-"LXI@DO))-'[..>
MHH.D#N4RIN>223*)0,/W`(<=<.&X+DLYE9&)BK:2_&=+:BHV%P5`V-O\)JZY
MU^0G$^`\/Q?,\JQ,<Q^5B(?:0V@*<"5H0L!0*A95G`.O6];&!W=Q\A.+4^P8
MAR]2[J]IUKN5,KMEJI6*U_;4Z)/+3,555#/14D9INF9`@H`G]#N4@$WW:XG^
M'.-,_=QI<)^"'FVW%H7<-%Q6U*G--$G77R2?*KK&][XLK(JP62P><@<@7!D2
MHK#\?89B8S9<<;CG?=;H&T;`G0N(UUJ%'RK;,<E;MLB;2).AP+>13PC$[M+N
MQFW,@V:(UC+SO"C=+;_(+ME5$G+UHKD^.;`MT3$,FF03"<GT,&(5O1"MIO5.
MLQ\67R#9&NV);!:X6+KN2MT]-BF&]W*479XI8M'E,57XTC2AKB1G[M9^VL--
MQO7D7"8'=_5ZJ0>4P#R\T=;;4A#CJ0ME*P5)/]D@ZI_U=/UJVR+3TS&R(L-Y
M4>6XPXAMU/5M:D$)<'75"B%#Y4Y;#X@]TE;^0BK5J,M=YA-H->AI.TU;-./+
M96:[?ZQ>[A'MYF_L21LC&2Z)8N7ODFZ<)E)'E$$42@)S&^\;G)RX\W(.R(<=
M$:*M1*6T7VH'@!<DWMU/GY5TW$,3D^/\9B8G-Y"3E<RRV`[*?*2X\O\`LH[4
MH`%_I%KA-@23K67MHV8;O]@&YV,W)3F`)+<*Z@)K-&/LP9+@+="&R'EZ!NCN
MJ)X[S22($'KQ>2<EB9-Q+QZ+?N""LD`E2XAS6'7K62J4A0L-#4KLF+[_`&^[
MFMLN_.1VK-6F'MNUTS(RAL(1T_!ES;,5'+F+8_'1\BR[E)10ZR[60DG0!#&C
MROTT&'4'[%2&TJFR;6OK4([G\<^\O=)N:W9;SG&*U<.V'.4/0L@8'BWMIA!M
MM!N&$!H=-CHR=7.).S=9`KN/%CJ"*+<2,Y04AX&^[46]5Q4A0`MX7I],#_&M
MNNB9K)>6KI6X+WFS17G6<;PJO-,C1TKE2\2T?;G>(GBRCXQ2P-'<3C^/9K&5
MZ94FI>*A^(".5</R\/$9I,C(73$<06U*`)*`;'<`+FXM_-:>[Z\.SO.N`N8S
MC(;5FXTEN0RTLA*'U-A2?:6HD)"5;[W)`N!4KMU%,W0;C*[828QQKEZIR,_5
M)F$NM7MESJ):4V+)LA:DAJ^P6K;!^]*Y,*I%7"#LZ0$`G'A]!'9G%9?&..2&
MU9&3#>0AU*VW$-N>Z=ION4=Y`MI8%-^M>2.\.![O=TL;)3Q3%9R#(DQ'&9<>
M1*C?:I2XG;[3""PA:MWJ"EH=*;;;VZUM<V;"\N/YJDJPDC9LN1S.K4:5KALA
M6:%6>8QR%09$EGDV,6HV8PS<82[1\4C"%$R9^AW!CG4$H<`HPO/L2AA\/I:A
MK]UU*_90H!]ET;$DW*CN;*BYH1>U@+U=\^_''FTC(8]>.=EYN(B%$<8^]?:*
MH$V&Y]PXELA#2?:EH;3$U2=F\J4H@4[>=JAFW>'4\?XK;8CD,7^B'Y;+;;/9
M9)DI'EDHRH34(A7JV1(C([T7LQ(I<':)U$"MP-Q#\PZC`S,'PV7(RQF)E!].
MQM"$F^U3B5%:^MK)!])`-[5FG<;"=P.^>%QG#6<(YB!CW/?DOOK24!;<9UH,
M,`!!7O=6FSB2I`1?YB/F=L)[C]Q6#<=X8;88DJC8L*XL"&G9.2L,6I$SUGA&
MU8BV\=6G()HHND)3L72R:Y%%DTBIE`PB)@$<AP6;XYQS.R<TJ:EZ-.E;D!*3
MN0A16HJ6.H*;I!!`O<UK+N)P#NEW2[>8O@C.!>@Y3`8?VG7''F_;>D-)8;"&
M%6`4'-CBDK!4E(`!O<7LMK>SVE5]U*V9Y=,G6R\/*-/4J$MMJGX9_/4IA8XA
MQ%RJM1<,Z['M8]\L1<IN=9)P7G13$2B!1`=92>93I"$Q4,Q68(?0XIMM"@AQ
M3:MR?<NM1(^13H37K/%=CL#C77LL_/R\WD*\<]%:DR'FEO14/M*;<,926$)0
ML@@W4E8NA)M8&\OM8A6[J-+7I1I2J!)SYE+M'9IO^W)GAVNN,OU#?!*8.9,E
M7DP6`?[;HFQ$C'N5UI$KP.6ZM(PX+*,BB"'.8`!,0^FE<@0"+U(;(F__`"]7
M?D`8;2H"O86:48E+QS;)*P6Y]?RWJ1/=+;+UY['UUK`LGE>ZC1M&`=$79DBB
MH?@8W+J:C:-MSUIJ]S/RX6S;WFS=IAA/$,59I?#D=BPN$N@[D"+Y5M=U88ZF
M[+4)`RCYLV;3%;JMHE)D"I"D4T=&"/,90>0T42BXN>E*+>O\E>8-M]=V[R]"
MH^(9=SEW!<SF&PHWV2NS5!!S$+8W1&NU0U;27457=!>55"'>\B8$;!S'`1X#
M&OA1*020;TNMX/R`Y*PX\V?-<-1>%7S7<Y6\IV)Y.Y?>Y`80\2E1(2A2D4C#
MEID>]D#&E5+<J547*0%(5(@@(")M"#>XZ5"4@]:U6^_Y!,V[6[508+'E%Q5:
MFDMBQ#)=P<VPV1E5@224G._CJN%18.TD.JG"CT'$IV[8@J`*RI"`82R.E2E(
M/7I>K2L96U2_XVQ[?%FA(]:[4>IVY5@FH59-BI9(%A,G9IJD46(J1L9Z)`,!
MS`8"\>(_CI5!&M+C44HU-*-*4:4HTI5=SS_K@]W9GN_8'WK]Q;7YWF]*>N_<
M#NV7JGO^/\V\AW?2ZW-]W-PXZ:U5ZOC6]O?['?W00GJST)^YGP]6[+D[#UAX
M/S3STMWW2_CO'>9Z_;]3]/J\W+]>.E-=OPKYE/\`Z_?=(WNU['>[7NPSZ7JK
MTQZL]V?8]UV?:=__`##U'[&];AR?K>(YO\+CI0;O"L'<+^P3QV'O?OVL\;Z(
M<^U'J'PW;>WG+6N^\9W/V>EO]KZW+_#\W0YO[N@H-WAUKVW'?L.\7@[WN]M?
M&>'N'L1T_$]#T_XZN>L/17:_9XCQGC>Y[7]+I]+F^G+I1-];4]=Z_;AU9WUU
MZ.[OV+F?/>6['O?8[Q5A\SWG<?K>F?&^1ZO/^CPZG'\]*C6GCQ]Z1]`TCV_[
I#T'Z0K7HGQ73\7Z1\*R]-^-Z/Z/8>&Z/1Y/MZ?#A]-*BE?I2C2E?_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g541227g87l20.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g541227g87l20.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^$->VAT
M='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T(&)E9VEN/2+O
MN[\B(&ED/2)7-4TP37!#96AI2'IR95-Z3E1C>FMC.60B/SX*/'@Z>&UP;65T
M82!X;6QN<SIX/2)A9&]B93IN<SIM971A+R(@>#IX;7!T:STB061O8F4@6$U0
M($-O<F4@-"XR+C(M8S`V,R`U,RXS-3(V,C0L(#(P,#@O,#<O,S`M,3@Z,3(Z
M,3@@("`@("`@("(^"B`\<F1F.E)$1B!X;6QN<SIR9&8](FAT='`Z+R]W=W<N
M=S,N;W)G+S$Y.3DO,#(O,C(M<F1F+7-Y;G1A>"UN<R,B/@H@(#QR9&8Z1&5S
M8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("!X;6QN<SID8STB:'1T<#HO+W!U
M<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B"B`@("!X;6QN<SIX;7!2:6=H=',]
M(FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]R:6=H=',O(@H@("`@>&UL
M;G,Z<&AO=&]S:&]P/2)H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O<VAO<"\Q
M+C`O(@H@("`@>&UL;G,Z27!T8S1X;7!#;W)E/2)H='1P.B\O:7!T8RYO<F<O
M<W1D+TEP=&,T>&UP0V]R92\Q+C`O>&UL;G,O(@H@("!X;7!2:6=H=',Z5V5B
M4W1A=&5M96YT/2(B"B`@('!H;W1O<VAO<#I!=71H;W)S4&]S:71I;VX](B(^
M"B`@(#QD8SIR:6=H=',^"B`@("`\<F1F.D%L=#X*("`@("`\<F1F.FQI('AM
M;#IL86YG/2)X+61E9F%U;'0B+SX*("`@(#PO<F1F.D%L=#X*("`@/"]D8SIR
M:6=H=',^"B`@(#QD8SIC<F5A=&]R/@H@("`@/')D9CI397$^"B`@("`@/')D
M9CIL:3YH;W=E<C!C;3PO<F1F.FQI/@H@("`@/"]R9&8Z4V5Q/@H@("`\+V1C
M.F-R96%T;W(^"B`@(#QD8SIT:71L93X*("`@(#QR9&8Z06QT/@H@("`@(#QR
M9&8Z;&D@>&UL.FQA;F<](G@M9&5F875L="(^36EC<F]S;V9T(%=O<F0@+2!%
M>&AI8FET(#(S7S(@=&\@0V]N<V5N="!O9B!-87)C=6TN9&]C/"]R9&8Z;&D^
M"B`@("`\+W)D9CI!;'0^"B`@(#PO9&,Z=&ET;&4^"B`@(#QX;7!2:6=H=',Z
M57-A9V5497)M<SX*("`@(#QR9&8Z06QT/@H@("`@(#QR9&8Z;&D@>&UL.FQA
M;F<](G@M9&5F875L="(O/@H@("`@/"]R9&8Z06QT/@H@("`\+WAM<%)I9VAT
M<SI5<V%G951E<FUS/@H@("`\27!T8S1X;7!#;W)E.D-R96%T;W)#;VYT86-T
M26YF;PH@("`@27!T8S1X;7!#;W)E.D-I061R17AT861R/2(B"B`@("!)<'1C
M-'AM<$-O<F4Z0VE!9')#:71Y/2(B"B`@("!)<'1C-'AM<$-O<F4Z0VE!9')2
M96=I;VX](B(*("`@($EP=&,T>&UP0V]R93I#:4%D<E!C;V1E/2(B"B`@("!)
M<'1C-'AM<$-O<F4Z0VE!9')#=')Y/2(B"B`@("!)<'1C-'AM<$-O<F4Z0VE4
M96Q7;W)K/2(B"B`@("!)<'1C-'AM<$-O<F4Z0VE%;6%I;%=O<FL](B(*("`@
M($EP=&,T>&UP0V]R93I#:55R;%=O<FL](B(O/@H@(#PO<F1F.D1E<V-R:7!T
M:6]N/@H@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T83X*("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^_^X`#D%D;V)E`&3``````?_;
M`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\``
M$0@`3`$8`P$1``(1`0,1`?_$`,8```$$`04!``````````````H`!P@)"P$#
M!`4&`@$!``(#``,!``````````````,$`0('!08("1````8"`0,"`P,$#`<*
M#P```0(#!`4&!P@1`!()(1,Q%`I!(A51,B,787&!L4+5%I>W6'@9,[,D5Q@X
M.?"14F)#1"5U1W>AP9)38Y,TM#6UMB>G*#H1``(!`P$'`P(""0,%```````!
M`A$#!"$Q47$2,@4&06$3(@>1L?"!H='A(Q05"$)2@C-C)#06_]H`#`,!``(1
M`Q$`/P#U?U<^1+_2]HM/&=/O-PJ;1]@/(CEZVK5EFX-N\<)9#BTDEW2,4_9I
MKK)IB)2F.!C`4>`'CJKD;5P+6/TOB"4_KVS?_GDRI_.#;_X[Z@+`OU[9O_SR
M94_G!M_\=]`+]>V;_P#/)E3^<&W_`,=]`+]>V;_\\F5/YP;?_'?0"_7MF_\`
MSR94_G!M_P#'?0"_7MF__/)E3^<&W_QWT`OU[9O_`,\F5/YP;?\`QWT`ASMF
M_M'_`.\F5/@/_:#;_P`G_7?5JQTOB5,CJ7`RM7AJE96<\6>BDO-23^7E9#7N
MFNY"5DWB\C(/G2A7)E7+MT\45<+K*B7D3G.8WV=3D`)A]1YOONSKGY)Y/&N`
M]J\UX;QVG@?%$Z-0H%P<0$"69EEK661DB,D$#E.^?`V3]PW(F-VA^3H`E[P'
M;N3F\OCQQI<LAV=W;<VXJDIO#.9)N5<I.)V:LE451<0=KF13$AE'EJJ,BQ<J
M*B0H+.?>$/@/0%U70`]?U'N_%WTGT88P6&+Q+T+/&P=^BZ%0K16WB;"T5>N5
MTR=HO]GAW0E4.U<-XUFA'%5`OH:1#@0$0Z$EKKU*8_IC]X=R=F=XLPTC8?9C
M,N9ZE#ZUSUFC*[D6V+SL4QGD<A4:-1EFK19!$K=\BR?+(E.`<^VH(#Z]$]2>
M<4HZ;PW_`"'>JSC"A7/)-SD48BHT"K3USLTHX.":+"!K46ZF)5V<QC$+^A9-
M#F`!'U$..A4,6=,>=;R'.=IW^Q3#9W-37%_Z^!R4SP>6TK#CI#'1+<E+M,8A
M!BT.V+#N:8G\F=$3^Z8QA.`\>H`92;%^0ZQES'-"RG2GR,G4<CTZN7FLR")R
MJINH2U0[.:C%BJ$$2\F:/"@8/02F`0$`XXZ`"`^I:W=W3UZ\A.*<::Y;09DP
MQ5K#KS2I)6L4&VJ04$[LTWD6XPIIATV!!4H/ET4$$CJ_^:3]0Z`YR/C.^JA7
M1273WR<BFLF15,?]*N6'DBA0.4>28Z.0>2C]@B'Y!Z`\=?=(?JL\*UY[D.,V
MIR'E)>MH+2+BLX\V'B;E9%V;=,55P9TZWUB"8V=8Q"CV-4Q46./H0AA$`Z`G
MQX'_`#TY5VPRZ.D>[[:)#.AXR;4Q9E-O"(4Z3NTG4D55;/C[(530(A'1-]81
MK!9RBNW2:`[!NLBHW*L0#*`6$^:;S443Q<T>$J-/A(C)VT^3X9Y)8^H$H^5;
M5NFUQ`RC%?(^2S,A_$20)'_"+!@W['$FNFH'NHI)G4``8'$>EGG6\Z\*7+F;
ML\S..=<+4LN^KKS*C^7HN-9]@J944SXTP;16R+JP5Q+N[6TC(IH(KE#[CM;[
MQN@'OLWTI.^6!FR62-4=S\>3F3X1J9TS8Q[*\X)LJCP"IB+&MWB*G+&V3*H=
M,.TKSY1$W\,P=`+0[SV;M:$;''TT\N;2VSE1BYIA5YV[Y!B&P9BPLX?%(C$6
MF1FXD`CLHXK?$4(N=X)G#DK3E=NZ7*0Z'0%E/U2VR68<,ZOZ@7;7#.%_QB2\
M9CGA=6?$MXDZR>V59QC=S+Q2:DI`KHFDHI<JI7"'W_;Y$#`/`AT!<=X:[S=<
ME^,#2V^Y&M<_>KS:<,Q\I9KA:I-S-6.P2:DU,I*2$O*O3J.W[Q1-(H&44,8P
M@4/7H"S0?@/[7V]`8_GZC+<#;#"OE6J6/\/;)9JQ?0W>*,"2+NF4?(5BK59=
M2,M;[`TE'BT3%O$V:CF4;)D36,*8]Y2!W>G0'3?4/[][P:\^1=UCO!.UF;L2
M4%/7K"\\6HTB[*0<#^-RK6:4E)8R!43G*]DE4$_=/S]\2<\<CT`2_P#3\[Q3
M^\GCVH]DR1;GUTSAAV<F\/9>GYEX1W8+#*PZJ<O6+=-&)VBH[LM1E69SJF*4
M5'"*P\!ZAT!>#T!0#]1GOK:])=#C,<17:3H6>L^W>)QYCBSU]R#.RU6)BP)9
M[_;H5R`',V=1D`R(R!4"'[3R1?MZ$ME5EKN*6?IB]Y-Q]FMV\Q4K8?9K,>:*
ME$ZX2-BC*UD.UJSL3%SZ.0*G'DE6S91NC[<@FQ>J(@8!X!,XA\?7K!)>24*^
MM1I/K#?]:K3+^S[D?^D:*ZK9&U<#;'Z7Q!!>H"<70"Z`70"Z`70"Z`0_FC^T
M/[W5JQTOB5,CJ7`RV7A5_P!E#H3_`&<J5_B774Y`";>;6L4V]?4::RT3(S0D
MCC^\,]2:3<X]1#YHKJNV^UV6NR;?Y8/43';R(F`X?>(9,!#H#VWT^-^L?CQ\
MM.V7C,R<_.UB\A3%LJE<!TO[#-[D?#;J1F:3-,T53\*!?L3R2RB:GYRXD0`!
M#@`$`]@H]P<\\_L@'`#_`+OW^@`"_)M,/_+9]03@_2.LNUY7#^OEBA\96OY7
M],T;-*ZLGDG92P&3(8R/N`PCR5\JAQ`!7:$+_"#H;1DXNJVGQ],ZX2<^8K>A
M5!HU8MAQMG4C5BR1^6:,V:.QE919LVK<!$J#=HU3(DF4OH!"!QS\>AL[LI*C
MH73_`%0NY"FN?CP=86KLD#._[<6<F,42MU_:>-,90)$;+D^1(*9P432>1K=K
M$F,/!1+*&#GK,[=VXOY#BG[FEEPE_P"Q)0?YE!']TD*7TV#S9`:S[>?5\C-]
MUP,$>F>;_4PW;CCA"L@<B(N@8GQ>N>Q&()N`,81XY`!ZA;NQAZ2G7T_1FW\I
MW?C3;TKL+]/I<]NQV"\>:&%+!*`\O6I5K=8W,15<%';C&=D*K:<:OS%4X7,W
M:M%WD80PAP`1H``\=37%.,XTA*-MK:]_MHC1-23:V)T*`OJJ_P#:I:__`-GW
M$W],EQZP#(@0W_P>*_ZM8_\`NJ70'.,F4QNX1$!`/B`\<#QQR`_$/3]SH#&S
M-)FDWGZI:"F\`+MGM-<;XQ;W\0IHD"%>C`UXGZW)MDM'G49NHI26CY=1RN4W
ML+%]PX`(]`-=B*"-YJO/N]-E%9Q8,87+-UXLLW$JN'`M2:\Z^FD"UNBMU3]A
MFT7-14(T:+`GVF,,BL?T,<1Z`R;D5#Q<$P814,P:145%,&D5%1<>W29QT9&,
M&Z+1C'1S)N1-LR8LVK<B:2292D3(4`*`!T!V(_[N/C^YT!13YB?"C1?*L7#%
MC89!C,)94QA*/(J2R8-*2N+^S8NEFQU75+>L22\$5TO%SZ:;V.475,D@95P4
M`X4]`*'_`*C'6M_I[XN?&UK._P`K63-9</97MM0C,B6R(80<[+PC2@S*T*S<
MQ\:X=-D6\)'+ILFWZ50P-FZ8"81#GH`EGP:_[)31#_N+C/\`Y[.=`6NC\!_:
M'][H#&W?5`?[8.E_]SNN7_UQ8N@'1\UU0KN0OJ#=9,?6^/0EZE?8K2VFVB+=
M$*H@_K]EL4A#2K0Y1*8/TC-Z<2FX$2GX$/AT`[7@4N]B\;GF)VI\:^2)-9"N
MY1L-KHM<5?&!!N_ON,59"TXOLA$O0JA[[C&1<E3$H![AS)!]@=`'R%[A(`G`
M.X2^H!\`$0]2^OQ`!_W^@`$/+%,27E<\^.`="JD\5D<58&G(+&MN.P%1RV9&
M150R3L5.KHD.5%-6/@8U"",I^<59MV_;T-HS<'5':_3;1L="^9G?^$AF*$7"
MPE0SM"PL8V3*BVCH>(V.B8Z*8MTB`4J:#./;)ID``]"E#H;2N2DJ.E#SOUAO
M^M5IE_9]R/\`TC1757(VK@3X_2^((+U"DY.BVDY]=O[(!_O_`/B`>I/AG[&*
MFHIG`.1#T_+T^&8JCYXZVCC79Z1HY;JZO@B.Y>A92G=K&VW3F?37=7?[&G`_
M8'//V!\>M78NQER7(N,]ST;X&T;D+E?C:ER[::TKLKNKZ'V*9B\<B`<AR'Q^
M'[@=/AG[&U3YX'I\,Q5&@AP4?VA_>ZGM1<$T]Y5O]2X&6R\*O^RAT)_LY4K_
M`!+KJ4@!./-7_P#TEZB_E_&M(0__`"=(]`.3]3!BFTZ9>0?4/R@XA:K1[VP2
MU<+97K%'V@_6C@9^RD8TKM=,HE*-WQNJ>.,!^?<38'Y`>!Z`+2S+O-C7'7CX
MM>_D5(LGE!:Z\I9IIX"N@JE*O;'6$'M*KWND.":CN1LDJV8'3+R(*F$/B'0`
MP_TGFMUAO]OVW\D.56CB4M=NL<MBNF3DF3WE9&PS\H&1<T6-DZ6[Q!5>5D(Z
M/!0A@X*#@AOCZ`1:^E^D"2WENW0ED4U2(2^*,V2#=-00$Z23S8>L.4TE.T>T
MIDRJ`7TX#G]WH!G?,Y>+3Y4?-Y1-,,7.AE*SC6QUO6*N"5=0T0C/F=_RKSC:
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M.7``'U]>"-QE*;LW)SQHS:7,J/\`-GZ6Q_J;N'8GE1A#.^).[&#K'F:]'I76
MIK]6`#\_DWPT6,Y"4/K+CL8X"\"<LH&4+O\`AW:!ON`8CSL.`"/'(>O6IA6Y
M2552A+-OC3ZOX[=N="\S'L'11%OS>-5@X2,F44C'XCQ4#A/@1[O7\OKT(RF7
M/N]'F>M&=)S1G9O<G*6*KO*76&Q#?*_:+77,746'>V)PS:,7-IN./X5F9*DR
MZ$NB8[]LHJV7:K$.(]O(@`6;XAOI]XKQYA;MALU7Z"R]M+*XXM-7I*-2:O4,
M>8A:62'72EEJW(RA22]CM\T@J#9:561;D1:B=-!+A0RA@!Q_I?)%E6?+RA7[
M`B4LW,X3S_78WYD41596&,?P4O*E34,`>ZX480SL@@3@PDY[@]!Z`R6W0"Z`
M\?<\A4+',6A.9"NE3HD(YD&L2UF+E8H>L13B5>E4.SC$)";>,6BC]T5$XIH@
M?W#]@\`/`]`"$?5VV>MW#4[3B8J<_"6>(6V"N::,I795A.1RITL:O/=(F]BW
M#MLH=(%`$P%,(E`?7H"\GP:<#XD]#S`/(#@N+_*'K^.3G("`@`\E'T']GH"U
MT?4!#]CH#&X?4^E$_F$IH!P`EP]KB4>X0('/\M[`;\XP@7T`WY>@',\U[QW'
M_4)ZIR+!?Y=ZU'1%=LN'`^T8+X8H<?$..PQ_A_PN@)$?4\X<MNIF\FHOD]Q`
MU=1\I+3%8BK#(L"=A$<M8/D6U@J"[Y9,INP;?0O<8"!O\(C&&#U'GH`LN_[W
M8NJGCSFO(2Q?M'&.B:Z)YR@RG6$Z;UU,5EL_KE;,(&(!G[NS/F\8<OYP+B)0
M]>@!=OI2=>+/EG*^WGDMRP@K+V:SS\MCBH3[\JRBCZX7613R'F2::NE?NJJM
MU7L?']Y>0*151/X@/0$?OIC7KN2\N^\T@_7,Y?/:!G!T\='_`#W+I?8Z*477
M.'V&44,(]`;?UAO^M5IE_9]R/_2-%=5<C:N!;Q^E\008/CU':ZT3/83QT>U_
MP-F=EM3>MCK+F*`QIK+K\US2]9X,:TQY?+(\>Y3HN-6T.T)>Q)`)MR'N@.#F
M.H0W:B/`\^@W35CY4W5G0K;1U:<=Z99AVJJ&PD/CR_Y$I./]IJ/B]>B9<1QI
M5I*\6FHQ-\Q;.*.*;<3U2'=N&`/V:C%RHW%,5"B(B48;:X%?F.J74).F63*-
M_D9]M2J[,5^L-XNK)1XV&=LE@:/Y%%L5W)F/'Q,:RCV!E%EC)J&$3`!`'UZ\
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M['63*Y%RDS7W1I:KORR47*1C@[1ZW`P=I#%X$83WD$#_``']H?WNB*]_J7`R
MV/A5_P!E#H3_`&<J5_B7762$$9\[$FY@_J(=8IED"0O(UUI.Y;@N05$153R@
MZ*4%$P,03EX4'TY#H`J[SHZ??Z9/C7S_`$J&C?Q#(F-X@,Y8O[$BJ/"V_&*3
MF;=1[+@AE15L56_$8X"%]5#.BAZ]``"V[R=77(OAZP;XRHS\<>V>M;#OWCU5
MNFJ9*=PJV5;63$]'0.<0%RX4RC9G*(M@Y`B$8U#^%T!D>/&EJG':-:%Z_:^&
M0:LIFDXW;S61G1"D3^;R-:"+6N_2#LP%`RIDI^370*<?7V42!]G0`$GA$V@@
MM0-AO)SM!*.&PML5:?YSLD"EWIF2F[8\S=56%"AT1.`BX4G+,_9I$*4IN05'
MT].@)R_2A:T3>:]K-CM]<EE=RSS&4=*U"$FY`5%1ELQ9N<KV:_S9%E_=]UY%
MU<IR'.0>2C,!Z\<@.LU\ZC*&G*]/T_34CC9G;A&_<5;+DY6?>-*/]J"V(+1"
MJQ&^-GVUXC5HQ]4&KJ&KXI_IV65)`AX.PVI4ABBD**E=:D,B8OWBNG*IOR==
M`R_-<V?A=OQI2DKORM-_]NBY8_CH_8^;>T_X]=DP/\@,[[O7;5O^VW^WVG"%
M.G,YI_+.F_EY))_[GZ@A/U36OUAUQWKUWWQQ>W=PSG*D9`JNIYDF*:$=G#`4
MK$R,`\$43)G([FZG\@(\CW*%CE#>O`]<^M3BK;L+;%JO$^F;%QRDO]LT_P`%
M3]Y#GSW[!U_:W;'0?8ZKK(JP^9=+]>[T"*`_<C9>6R;:R6")$.1.DO"SA'+4
MQ1'D#)>O6Q9@N6-#)CQ!0-#Q/(B/_1S`?C\1^52]1^T>LE,$I^J+\7B><,1M
M]^L/5HKK*F"H$D3G2*C$`!]>L(I*F^7LWLHIBJ^GL5.W!EQ/P948998`$`;$
M#H"0GTVOE)'<S6K_`$9\O60\CLGK+!1485_)N/=E,HX635)%4Z[$54$QG\O6
MP*G$3)O4_>5NN81]_NZ`%WWLH&2_"7YKV^<J;77JE!_7`MLEB+L27;1%WQ1?
MY)Z?)^.VSDG8D$A$?CLG"KD`2]G+58Q0(<O0&1HU>VBPON+AJG9[P'=(J[8[
MND6W>M'3)=+\5@Y$R28R-8M46"IG4!:(-T)D'C-<I5$E"<AW$,4X@2&'X#Q\
M?LZ``>^J+\B-1V.N.(_'9KW*)9.=4#(;6W9@/33%GH^9R\N@M6\?XF@1:?-I
MS5CAU)IRN]21%0J#MR@W$?<35*4#I/*GXT[GI?X$-)ZK)1Z[FX8ESN.3]ATV
M2@O&\%<<\UV7;ORJKE$"DC*K+$BX,3E_1"8I3`'!@Z`OT^FKVDH>=?&1A_%L
M78&*^2]9TIK%>1*LHY2+.Q;5&QS$K3)U5AW%7&%L-=?IBW<`3VS*H*I\]Z9@
MZ`(#762;H+.%U4D$$$E%EEESE31122()U%5E#F(1-),A1$QA$```Y$>@,9[Y
M*,EPGE`\^%*JVNRK2^U?]9N!<"U6P1)22L-9F.-9TLOD>VMER=[5Y58]R,H(
MN2B*1FC$50$2F`1`D-YVE$(_ZA77190[=NS9N-(>]10Y4FZ*"615.5#"`=J9
M$4_X/V\AT`6WYN-02;I>-[8C&<9'?B-^IU=_7)BXJ:8'<EO6,DW%@:LF?``<
M5[!")OHWM*8HF^<]1X].@,?)-^3Z[6KPY8[\930)US:(C8Y[)JKD(X,+_"*8
M!;J30DC&$"+.1RU-'2%O]XH-FR0<`''0&1M\6FI;31O0/7S`/R2#>SU['[:T
MY(5(D#=21RA=$CVJ[K.QX_PC67D1:%-]B+8@?`.@`_?I9WYI7RI;BRIT@;GE
M,29:DCMP/[@-SOL_P;HR`*<`"GLBKV]W`<\=`=O]8;_K5:9?V?<C_P!(T5U5
MR-JX%O'Z7Q!!@^/4=KK1,]A;/XPG6+6.,?*&\S7"WRQ8K0T8B1N<+C&=AZU?
M)".-LOA4K=*M3=@8R<)'ODY'V3&.Y;JD%`%"@`&,`]735U]"2VC%Q\<\CE&>
MQ_JG`;$8(W-S13+3@W5[+>U%II&5\,U2[Y;A7],EF,E$8VC:A)0EMO%?EG<#
M#33Y*491#N2*J+<1^\&T;ORNY"G1&I#.S:EC)/Z;+N\LO^3_`(E9%"KD1A&J
MVZO;!K2D1"7^8E<<N<<,&B<A86,[CBR*P,AD5VZ6=$2AD*+9&CQ%$Z0&6?G2
M53]$N0'WWL5OL_9NP_-WVXXXW<9<L(>KDURJ:]ELV'S']T<GR+RGS:SA?9[%
MMQ\B\2D[EW,G5Q;E!SGVZ26UY-MT2;T<U*@QETPK<J[+7B#32:3,;4:0YOY[
M4V7*W@I['[HJ'X5:8M90`(J26,^2222`15]_N2$.\O`^!R/'>X]H<[-R'-AV
M7S?(ME)T2_-'1_'?NIXKWWQS`[M<E'%GW&_<QG@+_J6<^SSW,C':T>D;<\BM
M%6NRFI>QY%]8,-94R3K9<;OOKK%K]/.O'_I"P<8TR=`9MDKE'-8_#$<5M+.Q
MHN.K-7U64PF)U6Y$W0GX(`'*41Z]<RO7B=/LY/\`4X:G--8;6PK[V8R[K[0]
M2\8Z)ZU9)G<[Q,'G:T;*YOSW(TZ1Q]4;GDV3H\9C>KU'$]1GU5+42E5&K,E5
M7$E)IMG$@]<<E1(0G'65TK@6XTIITT5.!6P?X#^T/[W645[_`%+@9;#PK`)O
M%!H0`#P/^CG2>!X`>/T3K_A>G62$J+\H/A(VWW)\I>)]T<56C#,9BJC!KF$O
M$W"QV2/MRWZJ+NI8K*#".CJY(QJ@KL%.&@G<I]Z@"!P`.!Z`*U<H(ND%6ZZ*
M;A!9,Z2R"I2G2625(*:J*I#@)#IJIF$I@$!`0$>@`PL&?3'9&QGY4(O8B>L6
M(Y+2NEY]L69J91VTG8%<@'C&CQW;,=TV5@5H).OBQA+>N@FN(/!*+-H7M#DP
MAT`978H]:6K\W%MS$(XDH>38('4$Q4R+/6*[9,QS%`QBD*=4!$0`1XZ`QY27
MTKWE&C6]YBX7+.LK"#OZQT;)'HWJ]()S<4ULH6J'8R"9*`<OLLYENW<"0IA#
MWD`'GH`P[Q!:"NO'#I#CG7FQ/(&8R4,G9KYEVP5M1PXAIK(%LDA5<#&.WK5F
M_=1L-!M&3!`RJ9!$C?N[0YZ#V]"T#H"I/S/>.J5\E>E,[A"E.ZS#9AKESJN1
M<1V&V.7K.#C+)#/#1TNSE)"-:/G[9C,U"3?-SF31./NF3$0^[T`)@X^ER\I<
MT;$\?8LK:N2$!B%-"(J;4URNIG,36%;T]O4E$-U1Q\`+HFF)AXLB4_W4SK&_
M+T!D,(]`[5@Q;*=HJ-VC9!02CR43HHD3-VCP')>XOIZ=`;$M%,9N/D(>68LY
M.(E6#J,E(R002=,9*/?H*M7S%ZV6342<-'354R:B9P,0Y#B`AT`%_#_3U[WZ
M:^1A;;'QU9.P9`XDK5_/9Z'2,CVFXQ,L?']H.FO><,V1O#U259/*L=%=PR9*
M^Z90B)&ZOHJB`]`$H[\>.;7GR482;8HV/JZJ$I$F-.T.^U=\5"[8JM[N/*V>
M2-3GE&P?-L%#@!';)RD+*22(4%4P,5,R8`A#GZ?SS1:!9"E[/X[-FFEG@))P
M8XOJ/DE3#-CFFJ2AOE27S'UM,ZH,^[(F4H"I\RY)R/)>`$0Z`]B_T:^JLVEB
MSXWS'GZ8QMC^9_R*PNYO.6.JFV<L%P`KI*1)A"+=VN78^T/'RY!(50>>1#H"
MY;Q1_3P8&\?-DA<\9<LR&QVT44FNM`6=Y$FB\<XO?O0.5Z_Q_6WIW3U_9#D4
M,4)N2,+PH',**;<3"(@7OY>PYCO/6,[SAS+E4B[OC;(U=?U>X5>:3!9E,1,B
MB=)4@\`"C5RW,8%$%DQ*JW6(11,P'(40`"4S1]-AY#-.LT/\T^*39<YXP7C@
M]>BWE_>XGS#7H5=<RZ=5F9PS=>CY&@X\A^Q,7YD!7X$ZB`*<F,!YN[^/#ZI;
M;2%6Q1G;.CZOXUE!/&V!"?S]1*]791CW^TO^/-<.Q9[%9HU4@B/LG*)%B#]X
M@>O0%[GAY\"V)/&6[5S)>K2SS7M/+0CB"&[MHM6)H^-(21(@64@<8P+TRSQ-
M:431!)Y+NA(\<M_T1$T$A.0X$+_*QX-]O-U_)E1=P<26W"\9B^M,M?$'\7<[
M%8X^V*'Q5:3S=@%LTCJO)-!.[:B!6XF<\''CN[?7H`LY5(%>2'(FHBH!B*IJ
M`!BG3.02&*8A@$AR&`>!`0$!#H`+_&GTQ^2:AY566Q$G8L2+Z25K8>4S=6Z(
MC*3JE_4BFT@XNE4I#V#&!3ATXV-N:J*1S`_-RR;!Z<G[0`,\=HG7;.$2]O<L
MW72#N$0)RHD<A`'T$0`1/ZB'KZ=`"Q>$?PI;8^.O<K..P&<K7AR9I>1L;VRH
MP3''\_8I:=3D)S),5;V1Y%M+UJ);HI)QS,Y53$7-^EX`"B`\@!51]8;_`*U6
MF7]GW(_](T5U5R-JX%O'Z7Q!!>H8MQ=5M)RQ+0;(N!ZW6=V\49_RZM@^"V6U
M?98BJF0RX^L^26<1:F.9\;Y"$92O5,/Q4S0\/4G!0,`E`3B`<AQU)\T_8Q0>
MG!R/C:T]RM1MD7FU%^W"N&'[#&Y#Q?@S'>NUPQ!!V;)-87_%:2IDG(^2YXI(
M6E15A:MGCM*.9.GSM)$R1>P!Y'?'E"S>G*3^B[%*7#VW?M(<E7,I8]C*CR6_
MG4IN.BY8OZ7[:4KO(<6J\5#8Q%C8<H9!+CW*369O#^=EW5<E9FIVUI>+K.WU
M1V@>&-\_#R4?.V%T7VE4A3.D!/7D1ZZ#=_\`E>^]NQ\;*R5:RL.U\5J,M4XN
M3GSO5?6I.E=R2.%97;///MKYOW_O/8^T_P!Z\+\@RK>9<N6[_P`4[&3;MPLP
MA&/QW*KDMPG)U5773U.UF,G8S5P?9-?&=OM<L5O%.I*!R1)1`1S*0E6;U*4:
MX[1A$B.+`TQ_(/CJ+(G57!0DAPJ*94@$`\M=\E[+8\>GXK._._FW'%QGLTC)
M2:DZOT6C/0</[<^97?NMB_>O*PNVX>/)3C/MW+S_`,RY:=EYD%]*63*#Y+LT
MJR@Y;#V7D6SWC78?,.';CBR5?S$'3]-]4\.3RTE$OH91K?,5XQ:5FYQI&;X"
MBX2C)A(R:;DA127*'<01`>>N9=PC!-_'O/K.]*L;,'RVE-)R36RN[72A`83&
M_+]A0X_+V`(`)N/SC>OQZHJ].GH3<J6BV'R(\E']H?WNK%J;FFWO*M_J7`RV
M/A5'M\4.A`^@!_HYTGD1'@"@*3H.?V?4>I2`:O9G?+>&"WGFM+M--5L+YRE*
MKKM3=@K1/Y5SA)8E.SA[9=)ZE%8L$V]4L+5\9N_BDC`'<0Y@.;D```$0//X8
M\H6PS;-6==3MS-6JK@39?&VKUFVSQNVH.54\IXLROC>MA(Q[YJWL9(>(E:_,
M,+"P]A<B[<0,G[@D]4P[P&;UP\A'F8VKP/B[8S#WCQU+?XWR]4VEQI[BP;?3
M4!,J1;Q5P@F$E$*XX<GCU_>;&Y)[BGW>!Y^SH!U[[Y`_(&XW`B=)\):IZYV/
M,$%I_C;9C+I\B9ZM-7K%8G+;9'-0LM-JTS"4.?/9&=?L":9&[DZ"!G:!A5$I
M`#CH#B5[RH;)XZR!L1KQN+JE3,.["8RU*RAM_AM;'V6E\CX@S?0<9MG2<S&M
M9]:LP=@KLS&RJ29'2:K8XE1.)P`!`H&`D/XOO)M4/)'JLKFR-K9<=Y9I"!XW
M->&'KI==]0[0I#A88)1JZ=H-GLA3[G7ED7\4_,@7YANH8..Y,W0$,8CS-9IR
MC@CQ_%P;KMCV?V\\A;[,OZO\>W7)$C5\.X\K&#K#/QMQMUNN(Q![',$_#XI$
MS:.8M0>.'"XE+Z%`3`>OF]^/*+AS+,'JQF33W7>X9_S73IRS:MY!Q-E._1.N
M=XFZ"\C7N1,>Y1G+=6'UEQK:65,=+2$:J)'#6052*B7M$_W0&SPSY+/+MFW.
M^?=>JKH!JE_+G5NRXXKF;Q>;83[.*AE<E0G\J8=:L/SXZ5_E05&N%.HJ!2(=
MBQ?;^(]`>LQ;Y$_*[LM(9HG-8]$=7KCB[%&PV8-?TK%>=I9NDV.5FL06<]<E
MW:]?_5_(I-4W9NQ0ABKF*/<(<>GJ`]O]XIM!CC8+4[6;8W7/%]%RAGK7_;+-
M5\:T?*4K=X2C.=>VQY.J04#-&KT<A8$+G%'14=J*$1.R.<Q2E.)1Z`[_`,0O
ME;@/)[AZP3TY1D,,YSH+V/7O>(SR3N3*-)MAG#O'62:H_D6<8[FJ;;X]LLD5
MR"0E1>M54S#ZD[@)">.G<2T[LX;R3DNX8^B\:S-!V5SW@0:[$S#F=17:X:NS
MFI-9QP\=-FIDWTTFA[RJ)2BFB8>T##\>@(0;F^8JSZRYDS]6Z7@&NY$PYI@.
MOI-J;O8,LLZ/>QDMD'[=O2JS@;'RD#)'R/8(>*7^=>I+N69%^!0;B=4!Z`LO
MW$V,=:PZ@9]V@A:VA;'.',.VK*T?59AVYAD9L8"$/,(13YPDBY=QA'`$$AQ!
M,QTQ`0[>@*@%?)#YA(37%GM]-^-_6V=P.ABR.SK-%I6V[MSD17%+FN-[F\D(
M6N2M!:LU)YG5EC+BT5<<@HF)/4?3H#K\F>>*7C*9N3D7$N#:_<ZEKYJ3I?M#
MBX)ZUR\/,Y%+MJ]BVPU&R-6D.Y1K[JJ?B7M$.W,X,X<%[>T.@)^47R0UO-'C
M7R%OQB"IC-3>.\-9*N=EPQ/NG,7-U/+N):_(R-TP]<%"-#R$3)1$Y%G;'4,W
M!0S91-<"=IP#H"--Z\MF2Y6N:/XHUDURB\U[M;KZ_P!/V)3Q@_NCBKXDP1C:
M?@(V5F+YE>^#&NII"LLY-VLS9(H-`=R!VYNWM'L*H!S_`/3_`-]]5<O80IGD
M6UAPTSPYL'D&/Q-6-B=2+E>[O7L;Y)LJCC^1U?RK1KE!)V9E$3YD?8)+,SG;
M)GY.H4H%$.@)@>-_=&P[SX5R-E2QT*(QW(479/.V!TH6'FG<ZU>LL/7%6KM;
M`L]>,V1TG<TFG[RJ!2F(@8>T#&XYZ`@SFSS$WO$^.O+)>6>$*K,K>-[,N'\7
M5I@YMLNU1RFRR<6G'=2TXX2B%1KCN)+:!]M)`%R*"F'<8.>@+"=ZMM9O4/0[
M-^X4)38N[3>)<3M\DM*3*2SF'B9A=92)(:,<S#=JY=-6Y"R1A]TJ1C?<#[OK
MT`PV*_)*O<MP+!KK=JA4*#0*KX^\2[NV+*DA;%DT87]84R,?.5V11?LVD:TK
MM99$,X_$5%RB<"\&(7H#T6A>]&5-\[5D[)].P<A1M'(IXO6\!YKN<I*Q^1MB
MY6)>F93E^JV/U(U-K"8C,NBHG'/W3@7$@(`=,G9W=H`G7UAO^M5IE_9]R/\`
MTC1757(VK@6\?I?$$%Z@)Q=`:\_N\#Z?N_$?V!ZGL2M<K637VIJ0JU.#Y>=S
MMS?U5]%N6^GZA<\\_L_'[>?V!_8ZAARV;G\M)P;KS/:N"_B59848Y2G"LK,9
M:)OTVMTIMJ:\A]G[O_A#_?XZGN7G_HE5^\:/\:EJ6-&YD3=R<?A=.5J'U1I3
M9]7ZN!ISSU&KC;^L2MMSK-*XELKI^\TZC9-^P0_FC^T/[W5JQTOB5,CJ7`RV
M/A5]?%#H1QZ__KG2?\6YZG("M+9?&U<R=YRLH1=DW#REIFWC/'/B&0;7C$^5
M:7B>9M3E;-EX:?R7EI6Z1DJSEXU!$YGA&Z*952*I]XCQT!$^@5VC:R^3K9?$
MN+-DI??T-A_&?GFU96S;DZX0F7<QZZJ8[B9E6M4L,E5ARG%LJ/?3.B&_"C-D
M51=@B</0GW@.=XKM8(:X^/74.VK^:O9K7H9?%$)**X-J&?\`!E;J>/A"3?*#
M6(B%L5>=6&-C$S(\BBZ6.KVJF`1`!```?S+&)<N;%^=2^0VM6Z-KUKDFOC$Q
M%8W&7<;U#'.55LAUW]<<U'HPZX6YI(P`QKUTNE(B[9<*"HF7M-VB`=`1BU]J
MMA0E_,W'[\Y=R'E?R?8'U%SQC.LSEX=1<119C2^QT6<GJCD#!E2@HF%8L8RV
M3"8#/F`JIVKP4TP,`&.(`.Q&T6Z:5:D^/_RUX+KTE-UQIH_@7#OD2Q75D2JO
M,HZ\+8YAVU6S/&QZ0)A(Y'P+*/BKBX,)EG$&=5(1[$S"($:M5%]$]A-+O$)I
M;N+5LAT:2RI2M@\JZP[C5;(S?%!<?9&A<PW5`]`K>0&3].387>Z1AD7(,50^
M3<`DD4.Y7V^`)X4&8V'\>ODTTLT]I._&2=[<);-QF3V%ZPQFY]5L@9;UZ@*+
M51EX3*2.0(5J6;;58[Y8K8P20)_,%[B??'M-T!*?QNJ>YY6O.;SQ^BRQJ2D/
M!>T`YP8\[0'T#[Q@#D?R\\_#H"M'137R+R<RW(LSGRS;!Z6&/Y#]QXTF',:Y
MHPU1:V4C')Z_;:PA+U`24Z$E/^Z`KJ^[[2@(@!0]!Z`D/L"A"1WDX\8T%!9F
M>[!,ZWX[O(56%\QRUE@+;.WZ2@L>QK*1GK%/U@J<&_L+IPB8SP4")E*L(@)2
MCZ=`1:U2P_DW'GC!\9'E?U4KCN5SMJCA*7IN?L8PAE!<;/Z>,<BVQ'(%(721
M(9-Y<*&BU5L5;,=,YD'"2J!!]4R]`66>!/*D'=]!MALVT1![.5VW[I;M94IK
M1=JJQD):)G+RO;(%DNS,456+QVT<II'2X$2G$?B/J(`W&3,H1U6C]6_/=L+;
ML4;A7;+EJO\`5\Q:HRKRJ5Z/P'D&K-+;&:OM*ICQM*L9&U/L&ST,5O-+3Z#E
MVW(\,Y#V^2*%`*6W)R78\L^"38W(U]L&-;5D"TZ)VN;R.^Q)*(2F.4[S(8]%
M_:H>MO4).7_Z.BY-T=L`'<**@!.3#R/0$1-??%OM3LCI%@"I9*\LFRY-><L:
MZXH2L^$*;B[#%2-^KFQX^@U%\9L,CL84]O;P:<,X".,Y]P7"S7GNY$>@*R?(
M91:E@ZX><O&>/HI.(I&(M%_%!3Z;`I./NL*]3<BUR/AHXBX@"IC%:QP%.J8.
MXR@F,/(CT!-CR55RT^.>,V`V]QQ"R3O3/R&:W6G&.W^/H-([EIA_9NW8FDJ_
MB79.&B6W:1M$WQ^[1@;09(O8HZ41=*#W&+P`W.B62*IJ!O[HMDC8*3CJ-B[<
M_P`-FJN%L-Y5M+DT92V.5L41U?DYO&\A:'ZI(&'FK`R5(X03.HB"YE$@*(B<
M.@+VMS/)+CC7*WZZX:QE"U_9/8_8O,U-Q_2\&4^\1"5ECZA)K^]<LO3B[)G8
M@K]1H$,(.UG+M%%-?N`B:@?>,4"C;Q(:)9,V(P9L#D2F^1+<_6N#'>G<&O%Q
MM@6UT6%H*3V'RS((N+$FRGZ9/R!9B9,X*=R(KB4QRAP4/@`$0\DXAN%'TN^I
MCQ9_+C)6?;'C[877!W.Y&OIV,SDFWQE9BL=VVP6:S'@HZ,9/G41`I*G5.V;$
M#Y5KSV<E-T!<OY@MK-=[WX0LQ!0LP4"[/MB<'X_Q]A6&J]FB9R=R'<+Q*5)G
M`P->@HUVXEGDB=4P^^D"7>V[#>X!1*(=`5G;%>/.Z[X^32PZHN<UVS`D5&>'
M'7$V1F%:)R>\V"N6.6BJ92[>BH02O:/"Y#!K)2K(X</4V8(\`(\@!>MXB-QI
MO-N*;/JUGFM0F+MT-(W4;A;/^+HEJRAXI\QA&I(^D9:H,.U3;(?J\R%!-47#
M<S5,&S=P)D@`I#)`(`OOUAO^M5IE_9]R/_2-%=5<C:N!;Q^E\007J`G%T`N@
M%T`N@%T`N@$/YH_M#^]U:L=+XE3(ZEP,MEX5``?%%H/S_5SI(A^P/M.O4/V0
MZG(!^=@/';HYM5<T,B;&ZN8>S+>6L$SK#:TWRJ-)N90K\>X=NV40D[7$#D9-
M7+]90A`]`,J8?MZ`]5AG2/4+7:NVZIX*UOP[B>OWV(7@+NPHM&@Z^-KAG+11
MBXB[`\8M4W\HR5:+&(*:RIBB!A'CGUZ`C./A;\4/`%'0/6CM[0(!1QU&<=H%
M[0*`#]G:'0$N<::I:WX;L\/=,688H5#M=?Q1!X,AI^MP:$?)1N'JU(#+0&.6
MKE/[R55B9(170:A]PBGW@]>@/K(&JNN65,@)Y5R'ARBVW)">.;1B$;M+0R*M
MB6Q?=&[II:Z$[D4Q36>5>=;O52N&BHG2-WB(``\"`#@P.*L<5C&T5AV`IE>C
M,60=11H,50&\<W&K,Z4A%?@:56)$*D4:GA`AN6WL'*8@HCVCT`PEAT&TOMF!
M:YJ]9-:,0S6OM/.JM4<3OZA'+U*J.%G3MZH[K+02>_`/3.7RQO>:*(J@*IOO
M<#T!M:XZ`Z8:B2DY/:VZX8OQ)8[(@FUGK16X(%;7*,4NWLCW5HEUI*?-&_<#
MEN#D$1X#[OH'0#V4[!^),?7S)F3Z3C^M5C(>9GT!)Y7N$/'),YW($A5HL(2N
MO+0]2X/).(B)#Y=`QO4B7W?AT!#BV^(;QC7VTV.[7/1[7FRVVWS4I8K/8)>A
ML'DG.3LT\<2$M*R+E01,X>R#UVHJJ<?4YSB(]`._CO0;2_$IZ&KC36O$U(4Q
MA"Y(KF/#UVL-8\U0@LP']S)\3!"D(?),;P?UD$R^BX_'H!\<58<Q=@W'-<Q!
MB&C5W'F,*BR=1U8HM8CTH^MP;!Z\=OW3..CB`9)!LX>OEE#$_-$RIO3@>.@.
MNPO@3#.NE/<8_P`%8UJ6*:2[LD_;W%7I,2A"PI[-:GOXC8IGY%L`(D>R[T?<
M6$H``C\``/3H!A4/&_H.VR5:<PHZ?Z]!DVZ_C8VJXJ8MJB\K-FLK<[6Q*O/F
M(Y5J+B<;JG*[5*F51?O,)C")A$0'$J&GFKM`P1/ZOTK!>.:OKS:&ED8V##D+
M7FK"A2K.X*J+6=L[@4`*V.C.**F%P4."GY^`=`/?4JC6:'5ZY2:="L*Y4ZC!
MQ=;K,!%I?+QL'`0K-&/B8F/0`1!!DP9-R))D#T*0H!]G0#%W[3;5G*4GEN:R
M)@G'5QE<]5^EU3,KZ=@47J^2:YCIV5]18:V&.;B48U5X4%&1#A^A.`"'0#J7
MO$V-LGXYG\0Y$I5>N>+[373U.Q42Q1K>3K,Q6SHIH?@[Z-<$,BLS(DBF!0^)
M!3*)1`0`>@&TOVH>L64\+P^NN2,&XVO&#:[#1%?KN+[/6(Z8JE>B8!FC'0;:
M!9/$55(8T0R1*DW5;'262*``4P<!P!X?6[Q\Z4:@RTO8-:M:<58ALDZV(QEK
M/6*\0UI>1R?YD8>RRBLC.I18!_S8C@J`@`?<]`Z`?'$N#L1X'K\K5,-8^K.-
MJU-VZRWZ7@ZE')14=(7.Y/S2EJLCENC]U25GY`PK.E/BH?U'UZ`XE6U_PK29
M[+MHJF,:=!S^?)AO/YIDV<*T]_)\PUA@KK=_<RK$52FUDH,/E`!8IB^Q]T0$
M.@(LXV\47C>P_E1GFW&>F.!J?E*+DW,U#VV*I3/YJ"F7:@JK2L`Q<F<1$#(^
MX83$69MT%$Q,(D$O(\@2R9X/Q(PS%,;!,\?UI#-D_1X_&DSDU-@0+;(T"*E5
M9N-J3F3Y]P\(REES."(\<`J/=ZCT!UJ&O&#VV;U]DVV+J>USV[I9,=/LL-8A
M!M=)"C).DGB-7DI=#VUI&(;N4"'227]P$A(7MX`H```=/U5.IFT>Q.RFID]@
M/7G,.9X2MX.OT18)?&M$G+;'PDJ\OL8\:1THZBFRZ;-XY:$,J1,X@8Q`$0].
MJU_62X%JPTHNN\%E_NQO(Y_45VJ_F9N/\7]5Z,GJMZ%_=C>1S^HKM5_,S<?X
MOZ48JMZ%_=C>1S^HKM5_,S<?XOZ48JMZ%_=C>1S^HKM5_,S<?XOZ48JMZ%_=
MC>1S^HKM5_,S<?XOZ48JMZ%_=C>1S^HKM5_,S<?XOZ48JMZ%_=C>1S^HKM5_
M,S<?XOZ48JMZ-1\8WD<$H\:*;5?`?^QBX_D_ZOZM6.E\2K?:<E3<9/GQ%4:Y
MXT\:&E%!R)59ZD7BI8%J$-::C:(US#V&O2[5-R#B-F(MX1-RQ>HB8.Y,Y0,'
M/4Y`,_Y7\VY69U_%FH^NT-F::R[LI-J.K[*Z^?AB&7<6ZP460C'68\@4F7G9
MNMP4'<Y<)!G7H-PY?)"1Y*'63*<R';T!!T=IMM9KQP7#%UP#87$VPNKF<<08
M<VSM<)749O9R-T[F;5&/E-CZ='5U:U-)"]6C!CA)R_>11Y)=D^:RBR(&51)P
M!(G3JR:=!EFRP_C_`-L-D<]69+"=RLTSC^SY.R]G?7Y>QJ),OY%2]]NV5&$X
MGCW(SN6/VMH]G-1RSMK\S[K02I<@!";7;(^LDI7L-VO8#=K?6"\G,S=*C%9@
MQ1`V_,Y<CP^77=G:!;<7-=6(ZNRV*OU%1`"JV*Z2AE8LM;3^=!_WC[O0#\;*
MWC"KK<G92K^2C9G/^MM!JP4.4TPK])RCE7".)+/CC^1,:]MN1:[:L5),"9#S
M$UR6=\T>Q4D[=.6"+=J5!F=-?N,!S:#LGG#&6N/C\S]LU<<TQN'Z]MQF:$O6
M6K[5I^'M\[JW*4W.%6UIR7L]6X:,0>0/\I55JRL^<OV2":3Q9J[=$0.<P%`X
MN9MKY;.+_P`K&8]7LNWBYX&QIXV(F$HE^HKZVL\>0^Q<:.;K+8/U<S0(,V+S
M(,97%X51\[B?=40Y;)JG!0@$`!O'>:MQ\$/O'#JOFFV92OT5DC:74FQ89VNB
MTI-)_E?$,C7Y=_D[`6RSZ%*5DUR+3S.FQ_FW9$V-OB`(L)"O6[H!`D-==1:^
M3R=XMPXAF7<!#%EWU;S3FZQU]GM=G]")/DJNYBQS%P;MHX2N@%BX]G%6E\B2
M,143:&1$H>T)4^.@(Y[H[-[I7O:.[Y:U)Q[M7;<.>/V:B*M`1>*T:K^IK8[*
M,#+,I':^MYC0L%SKUAGH.GXO'\"KRD<P?^S9_F%TP4.7LZ`>'+F7-FLY;NXU
MSEH?E"QV.J07CMQYLE5M?+!(JPV&]E8"YYOG(JU46R$D4O8I.57=-(`04T7V
MU8J8;)(O"&:'6[0'"UC=1_D&UIVJR;;K3M!3(V!V^V(F,>P09&RCA#(]`)6Z
M#4XS]7,\VK$Y%R98BGV89!$L:91Q&@Z(99`IBF*/0#&.L;R^//$'1\T1FV.P
M6),E9OQKK#:,I9>R3?=E,TQK$KQY"3MTB'32L/['>,-U2\LWCIC-3T`@S4B6
MRH*F.0J?/0'?^(',9G>QF5\,5JV.<S4-/#L;?OUEXHVDV#V5USITZG<2Q+:F
M/3[%U5G8J9EFSQ3\'_L,)J116CVIQ600.!3'`F]NIMYFC"^=,+4O$V*,B7:H
M,9:/LF;I6OT2>GX][5),58MO6H.19L%FOXNT264DUA3/W%%NDD/'N&ZZ+XCX
MUV3N?9<_N'<K]JUF1MTM)M*3:UK1O7<DO<^5OO?]W_.?#//_`![QWQ/M69E]
MHE?C//O6X.4/BN/E4*I4K%)R;;TJE3U):[.[&UC6C7+(NP<S'2,ZA3JF24K-
M79LG03MWN,V9O%4"B13`$A>?C=RM<FRCDT^SO34<=Q@`"FXYW)OG<6J)-\#Z
MDL9$<JTLBWSJU<C&24E2E5^>\I7\<.;MR,-;`IX;W6K>RK-ON-3I3)E4MN>`
MJZM?I.VT&PE+!E3!.(5JK=+B6%Q$^H'RSRM-WHLE2.(1T4I#'7$I<$I7MB[8
MK%\CIO0;%@S=7;NW^69!ZDM`X3KF4<\Y02MV40RRZCS4;(.';(A+XP;XTD8#
MA&87639-HN-$7)'"9TR]P%K6U>P.T>B&;;_&5B*N.8VGD!J4!#ZF5MRI.VV`
MPWODFVB:9-T1\^,=ZC4<*6>MODK@03BFT07KTFFF(&<)AT!ZEC`9=U]V0P[K
MZ]S[F.THT[Q1;$SUNR1*J63(<I/YHC,FXY*ZR^XK*8.EK5;V+^8?*P\<FDHY
M(R,5BW+[?!.@*Q=$\U2E+VAU4BH[8QUN!;LEW<E$R:\P]M)N-)W99-S59E*P
MY8V2U=S]39.CT>K5R29)JOV;9Y!*0[Y4B;<JG`)"`X]NR/AUR\VBG]W]Q-P\
M([^TS+&9XW"V)L=7O+M+&K5!K8)9OK8TUHPU2F2U#SE7+Q66T8Y5=.F<P,G(
MNW:#XR!4S`0!]LJM-U\VY#T$J.0*!D*RY4E="[/D?/&+:'ME?-/HN-RLWM.(
MXF0L4S8\>,)-*6L3-28<MS1!TRHMU'*_8?L2`!`C5"7W.[WQ\Y5/D;:K(>K:
MT'Y#).ERN.,KV_87*MBPGC:L-DV$UK/G+9K'->;Y9JM-O+U`T\UN;4XQS9A)
M,VQ'BB*IN`)R>&G,<E8L@[%8?C923R?0J?7<<VN)S%1]D\U[,:Y-IR;5G&,C
MC6@VC/=0A+O7[HS:-DI"7CTY2::E15;F[T#C[8@7[=`+H!=`+H!=`+H!=`+H
M!=`+H#;_`$7N_P#)^][?_%]WVN[_`,OV^_\`<YZ`0>U[A^/;][M)W\=ON=G)
MNSOX^]V\\\<^GQZ`VFWR?:?Y/Y;M[_TGRWM=O?\`;W^UZ=_[?KT!K_DGS/\`
MS?YOL_\`1_,^WQ_ZWLX_<Z`T<_)\$^<^6X[OT?S/M<=__$]WT[OVO7H#>4]O
MVU/=[/:[3>[[G;[?9Q][W.[[O;V_'GTXZ`VDOE?8_0_+_+<'_P`%[?L<<CW_
M`)GZ/CGGGH#<-[/"?=[?;W%]KN[>._@>SV^?3NX^''KT!J/M^X'/9[O8;MY[
M?<[.0[N/X79W<<_9ST`D_;[1]KL[>X_/M]O;W]P]_/;Z=W?SS]O/0'PE\O\`
M=]GV?\']SVNS_!=P_F]G_)]WY/3GH#[+[?!^SLX[C>YV]O'?_#[^/X7Y>?7H
M!![?MAQV>UV>G';[?M\?9Q]WL[?W..@-IM\I[8_)_+^UWCS\M[?M^YP'=S[7
MW>_CCG[>@.1T!MJ>UP7WO;[?<)V^YV\>[W![?;W>GN=_';QZ\_#H#4_M\D]S
MLY[P]OO[>?<[3<=G=_#[>?AZ\<]`<='Y'W#?+_*>[P/=[/L^YQR'/=V?>X[O
MC^ST!R3=G)>[MY[ON=W'/?P/YO/\+MY^'KQT!I^C]P.>SW>T>/S?<[.0YX_A
M=O=^YST!LI?)^\K['ROS'(^_[7M>]SR'/N]GW^>?R_;T!JI\I[Z7N_+_`#/`
M^S[GM^_QZ\^UW?I./C\.@-[[G>'/9[G:/'P[^SD.>/X7;S^YT!MC\O\`Y1S[
M/''^5<]GP]L/_:.?L]GC\[^#^QT!HW^6]H/E/8]GN-Q\O[?M=W/WN/:^[W<_
$'H#_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
