<SEC-DOCUMENT>0001398432-21-000036.txt : 20210416
<SEC-HEADER>0001398432-21-000036.hdr.sgml : 20210416
<ACCEPTANCE-DATETIME>20210416160137
ACCESSION NUMBER:		0001398432-21-000036
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20210416
DATE AS OF CHANGE:		20210416

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XL Fleet Corp.
		CENTRAL INDEX KEY:			0001772720
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				834109918
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38971
		FILM NUMBER:		21831444

	BUSINESS ADDRESS:	
		STREET 1:		145 NEWTON STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02135
		BUSINESS PHONE:		6177180329

	MAIL ADDRESS:	
		STREET 1:		145 NEWTON STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02135

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Pivotal Investment Corp II
		DATE OF NAME CHANGE:	20190403
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a51533.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL MATERIALS
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<P style="line-height:12pt; margin:0px; font-family:inherit,Times New Roman; font-size:12pt" align=center><B>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549</B></P>
<P style="margin:0px; font-size:12pt" align=justify>&nbsp;</P>

<P style="line-height:12pt; margin:0px; font-family:inherit,Times New Roman; font-size:16pt" align=center><B>SCHEDULE 14A</B></P>
<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<P style="line-height:12pt; margin:0px; font-family:inherit,Times New Roman; font-size:12pt" align=center><B>Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</B></P>
<P style="line-height:12pt; margin:0px; font-family:inherit,Times New Roman; font-size:12pt" align=center><B>(Amendment No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</B></P>
<P style="margin:0px; font-size:12pt" align=justify>&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0>
<TR><TD style="margin-top:0px" valign=bottom width=239><P style="margin:0px; font-family:inherit,Times New Roman" align=justify>Filed by the Registrant</P>
</TD><TD style="margin-top:0px" valign=bottom width=152><P style="margin:0px; font-family:Wingdings" align=justify>&#253;</P>
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<TR><TD style="margin-top:0px" valign=bottom width=239><P style="margin:0px; font-family:inherit,Times New Roman" align=justify>Filed by a Party other than the Registrant</P>
</TD><TD style="margin-top:0px" valign=bottom width=152><P style="margin:0px; font-family:Wingdings" align=justify>o</P>
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<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<P STYLE="font: 10pt/12pt inherit,Times New Roman; margin: 0px; text-indent: 0px; text-align: justify">Check the appropriate box:</P>
<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8><P style="margin:0px"><FONT style="background-color:#FFFFFF">Preliminary Proxy Statement</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8><P style="margin:0px"><FONT style="background-color:#FFFFFF">Confidential, for Use of the Commission Only (as permitted by Rule&nbsp;14a-6(e)(2))</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8><P style="margin:0px"><FONT style="background-color:#FFFFFF">Definitive Proxy Statement</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">&#253;</P>
</TD><TD style="margin-top:0px" valign=top width=578.8><P style="margin:0px"><FONT style="background-color:#FFFFFF">Definitive Additional Materials</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8><P style="margin:0px"><FONT style="background-color:#FFFFFF">Soliciting Material Pursuant to&nbsp;&#167;240.14a-12</FONT></P>
</TD></TR>
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<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=565.667><P style="line-height:21.6pt; margin:0px; font-size:18pt" align=center><B>XL Fleet Corp.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=565.667><P style="line-height:10pt; margin:0px" align=center>(Name of Registrant as Specified in Its Charter)</P>
</TD></TR>
</TABLE>
<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=565.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=565.667><P style="line-height:10pt; margin:0px" align=center>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</P>
</TD></TR>
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<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<P STYLE="font: 10pt/12pt inherit,Times New Roman; margin: 0px; text-indent: 0px; text-align: justify">Payment of Filing Fee (Check the appropriate box):</P>
<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
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<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">&#253;</P>
</TD><TD style="margin-top:0px" valign=top width=578.8 colspan=2><P style="margin:0px">No fee required.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8 colspan=2><P style="margin:0px">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(1)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Title of each class of securities to which transaction applies:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(2)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Aggregate number of securities to which transaction applies:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(3)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(4)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Proposed maximum aggregate value of transaction:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(5)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Total fee paid:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
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<P style="margin:0px; font-size:6pt" align=justify>&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8 colspan=2><P style="margin:0px">Fee paid previously with preliminary materials:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; font-family:Wingdings">o</P>
</TD><TD style="margin-top:0px" valign=top width=578.8 colspan=2><P style="margin:0px">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(1)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Amount previously paid:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(2)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Form, Schedule or Registration Statement No.:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(3)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Filing Party:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px">(4)</P>
</TD><TD style="margin-top:0px" valign=top width=548.4><P style="margin:0px">Date Filed:</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=34.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=30.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=548.4><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>XL FLEET CORP.</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>c/o Continental Proxy Services</B><BR>
    1 State Street, New York NY 10004</P></TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>You May Vote Your Proxy When You View The<BR>
    Material On The Internet. You Will Be Asked To<BR>
    Follow The Prompts To Vote Your Shares.</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>XL FLEET CORP.</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center">145 Newton Street</P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Boston, Massachusetts 02135</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>NOTICE OF ANNUAL MEETING</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>OF STOCKHOLDERS</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center">to be held on</P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">May 26, 2021</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B>*Stockholders are cordially invited to attend
    the Virtual Annual Meeting and to vote</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B>on the Internet or any mobile device or by mail.</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Dear Stockholder,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The 2021 Annual Meeting of Stockholders of XL Fleet
Corp. (the &ldquo;Company&rdquo;) will be conducted virtually over the Internet. You will be able to attend the annual meeting, vote your
shares electronically and submit your questions during the live audio webcast of the meeting being held on Wednesday, May 26, 2021, at
9:00 AM (local time) by visiting https://www.cstproxy.com/xlfleet/2021. The record date for the annual meeting is March 29, 2021. Only
stockholders of record at the close of business on that date may vote at the annual meeting or any adjournment thereof.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Proposals to be considered at the Annual Meeting:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31.7pt">(1)</TD><TD>To consider and act upon a proposal to elect to the Company&rsquo;s Board of Directors the following three (3) nominees nominated
by the Board of Directors for a three-year term expiring in 2024: Debora Frodl, Declan Flanagan and Sarah Sclarsic;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31.7pt">(2)</TD><TD>To consider and act upon a proposal to ratify the appointment of Marcum LLP as the Company&rsquo;s independent registered public accounting
firm for the fiscal year ending December 31, 2021; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 31.5pt">(3)</TD><TD>To address such other matters as may properly come before the 2021 annual meeting or any adjournment or postponement thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Board of Directors recommends a vote &ldquo;FOR&rdquo; all nominees
under Proposal 1, and &ldquo;FOR&rdquo; Proposal 2.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Your electronic vote authorizes the named proxies to vote your shares in the same manner as if you marked, signed, dated, and returned the proxy card.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 18px; width: 22px"></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0"><B><I><U>Vote Your Proxy on the Internet:</U></I></B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Go to http://www.cstproxyvote.com</P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Have your notice available when you<BR>
    access the above website. Follow the<BR>
    prompts to vote your shares.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 18px; width: 31px"></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>VOTE AT THE MEETING: </B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">If you plan to attend the virtual online annual meeting, you will need<BR>
    your 12 digit control number to vote electronically at the annual meeting.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 5%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><IMG SRC="image_003.jpg" ALT="" STYLE="height: 24px; width: 23px"></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><B>MOBILE VOTING</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">On your Smartphone/Tablet, open the QR Reader and scan the<BR>
    below image. Once the voting site is displayed, enter your Control<BR>
    Number from the proxy card and vote your shares.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><IMG SRC="image_004.jpg" ALT="" STYLE="height: 22px; width: 22px"></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>MAIL &ndash;</B> Mark, sign and date your proxy <BR>
card and return it in the postage-paid <BR>
envelope provided.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="width: 58%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>To view the Proxy Materials and attend the<BR>
    annual meeting, please go to: </B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>https://www.cstproxy.com/xlfleet/2021</B></P></TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 35%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CONTROL NUMBER</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;<br>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="margin: 0px; text-align: justify">&nbsp;</P>
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    <TR><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 100%"></TD></TR></TABLE>

    <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
    <!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%">
    <DIV STYLE="font-size: 1pt; border-top: Silver 3pt solid">&nbsp;</DIV></DIV>
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    <DIV STYLE="break-before: page; margin-top: 6pt">
    <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
    <TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0px; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>XL FLEET CORP.</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">145 Newton Street</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Boston, Massachusetts 02135</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Important Notice Regarding the Availability of Proxy
Materials For the</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2021 Annual Meeting of Stockholders to be Held on
May 26, 2021</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">The following Proxy Materials are available to you to review at: https://www.cstproxy.com/xlfleet/2021</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&rsquo;s Annual Report
for the year ended December 31, 2020,</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Company&rsquo;s 2021 Proxy
Statement,</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Proxy Card,</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a list of the stockholders of
record, and</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any amendments to the foregoing
materials that are required to be furnished to stockholders.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">This is not a ballot. You cannot use this notice to
vote your shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet.
We encourage you to access and review all of the important information contained in the proxy materials before voting.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">If you would like to receive a paper or e-mail copy
of these documents, you must request one. There is no charge for such documents to be mailed to you. Please make your request for a copy
as instructed below on or before May 16, 2021 to facilitate a timely delivery. You may also request that you receive paper copies of all
future proxy materials from the Company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B><U>ACCESSING YOUR PROXY MATERIALS ONLINE</U></B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B>Have this notice available when you request a
    paper copy of the proxy</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B>materials or to vote your proxy electronically.</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: center"><B>You must reference your Control number.</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 12pt; text-align: center"><B>REQUESTING A PAPER COPY OF THE PROXY MATERIALS</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>By telephone please call 917-262-2373, </B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>or</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>By logging on to https://www.cstproxy.com/xlfleet/2021
    </B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>or</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><B>By email at: proxy@continentalstock.com</B></P>
    <P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><I>Please include the company name and your control
    number in the subject line</I></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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