<SEC-DOCUMENT>0001140361-22-033983.txt : 20220920
<SEC-HEADER>0001140361-22-033983.hdr.sgml : 20220920
<ACCEPTANCE-DATETIME>20220920160309
ACCESSION NUMBER:		0001140361-22-033983
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220920
DATE AS OF CHANGE:		20220920

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Performance Shipping Inc.
		CENTRAL INDEX KEY:			0001481241
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-255100
		FILM NUMBER:		221253664

	BUSINESS ADDRESS:	
		STREET 1:		373 SYNGROU AVE.
		STREET 2:		17564 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		302166002400

	MAIL ADDRESS:	
		STREET 1:		373 SYNGROU AVE.
		STREET 2:		17564 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Diana Containerships Inc.
		DATE OF NAME CHANGE:	20100115
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>brhc10042035_424b3.htm
<DESCRIPTION>424B3
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 22.7.2.5062
         Copyright 1995 - 2022 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
  <div>
    <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Filed Pursuant to Rule 424(b)(3)</div>
  </div>
  <div>
    <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Registration No. 333-255100</div>
  </div>
  <div>
    <div><br>
    </div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">PROSPECTUS SUPPLEMENT NO. 10</div>
    <div style="color: rgb(0, 0, 0); font-weight: bold;">(TO PROSPECTUS DATED MAY 27, 2022)</div>
    <div><br>
    </div>
  </div>
  <div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">7,620,000</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Units consisting of</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Common Shares or</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Pre-Funded Warrants to Purchase Common Shares and</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Class A Warrants to Purchase Common Shares</div>
    <div style="text-align: center; color: rgb(0, 0, 0);"><img width="356" height="182" src="image01.jpg"> &#8201;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Performance Shipping Inc.</div>
  </div>
  <div>
    <div><br>
    </div>
  </div>
  <div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">This is a supplement (&#8220;Prospectus Supplement&#8221;) to the prospectus, dated May 27, 2022 (&#8220;Prospectus&#8221;) of Performance Shipping Inc. (the &#8220;Company&#8221;), which forms a part of the
      Company&#8217;s Registration Statement on Form F-1 (Registration No. 333-255100).</div>
  </div>
  <div>
    <div><br>
    </div>
  </div>
  <div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">On September 19, 2022, the Company filed a Current Report on Form 6-K with the U.S. Securities and Exchange Commission (the &#8220;Commission&#8221;) as set forth below.</div>
  </div>
  <div>
    <div style="text-indent: 36pt;"><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
  </div>
  <div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">This Prospectus Supplement should be read in conjunction with, and delivered with, the Prospectus and is qualified by reference to the Prospectus except to the extent that the
      information in this Prospectus Supplement supersedes the information contained in the Prospectus.</div>
  </div>
  <div>
    <div style="text-indent: 36pt;"><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
  </div>
  <div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">This Prospectus Supplement is not complete without, and may not be delivered or utilized except in connection with, the Prospectus, including any amendments or supplements to it.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-weight: bold;">Investing in our securities involves a high degree of risk. See &#8220;<u>Risk Factors</u>&#8221; beginning on page 6 of the Prospectus for a discussion of information
      that should be considered in connection with an investment in our securities.</div>
  </div>
  <div>
    <div><font style="color: rgb(0, 0, 0);"> </font><br>
    </div>
  </div>
  <div>
    <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-weight: bold;">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this
      prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</div>
  </div>
  <div>
    <div><br>
    </div>
  </div>
  <div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">The date of this prospectus supplement is September 19, 2022.</div>
    <div><br>
    </div>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
    <div style="page-break-after:always;" id="DSPFPageBreak">
      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
  </div>
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
      <div style="margin-right: 29.1pt; margin-left: 27.5pt;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">Report of Foreign Private Issuer</div>
      <div style="text-align: center; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of</div>
      <div style="text-align: center; font-weight: bold;">the Securities Exchange Act of 1934</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">For the month of September 2022</div>
      <div><br>
      </div>
      <div style="text-align: center;">Commission File Number: 001-35025</div>
      <div style="margin-right: 29.1pt; margin-left: 27.5pt;"> <br>
      </div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
      <div style="text-align: center;">(Translation of registrant's name into English)</div>
      <div><br>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0);">373 Syngrou Avenue</div>
      <div style="text-align: center; color: rgb(0, 0, 0);">175 64 Palaio Faliro</div>
      <div style="text-align: center;">Athens, Greece</div>
      <div style="text-align: center;">(Address of principal executive office)</div>
      <div style="margin-right: 29.1pt; margin-left: 27.5pt;"> <br>
      </div>
      <div>&#160;Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Form 20-F &#9746; Form 40-F &#9744;</div>
      <div><br>
      </div>
      <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___</div>
      <div><br>
      </div>
      <div>Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
      <div><br>
      </div>
      <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)7: ___</div>
      <div><br>
      </div>
      <div>Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction
        in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is
        not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</div>
      <div> <br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Attached to this Report on Form 6-K as <a href="#Exhibit99.1">Exhibit 99.1</a> is a copy of the press release of Performance Shipping Inc. dated September 19, 2022 titled &#8220;Performance Shipping
        Inc. Announces acceptance of a Signed Commitment Letter from Alpha Bank A.E.&#8221;</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-197740), filed with the U.S.
        Securities and Exchange Commission (the &#8220;SEC&#8221;) with an effective date of August 13, 2014, and the Company&#8217;s registration statement on Form F-3 (File No. 333-237637), filed with the SEC with an effective date of April 23, 2020.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">SIGNATURES</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z1008add8c66b4a2aa98d518a9c3b130a">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-weight: bold;">PERFORMANCE SHIPPING INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div>(Registrant)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>Dated: September 19, 2022</div>
            </td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div><u>/s/ Andreas Michalopoulos</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>By:<br>
              </div>
            </td>
            <td style="width: 47%; vertical-align: top;">Andreas Michalopoulos</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div>Chief Executive Officer</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <div>
          <div>
            <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 99.1<a name="Exhibit99.1"><!--Anchor--></a></font> </div>
            <div> <br>
            </div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9c9c638f89f34af1a3c87fc1b2cafabf">

                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div style="font-style: italic; font-weight: bold;">Corporate Contact:</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>
                      <div>Andreas Michalopoulos</div>
                    </div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Chief Executive Officer, Director and Secretary</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Telephone: +30-216-600-2400</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Email: <u>amichalopoulos@pshipping.com</u></div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div style="text-align: justify;">Website: <u>www.pshipping.com</u></div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div style="font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Edward Nebb</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Comm-Counsellors, LLC</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Telephone: + 1-203-972-8350</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 50%; vertical-align: top;">&#160;</td>
                  <td style="width: 50%; vertical-align: top;">
                    <div>Email: <u>enebb@optonline.net</u></div>
                  </td>
                </tr>

            </table>
            <div style="text-align: center; font-weight: bold;"><br>
              PERFORMANCE SHIPPING INC. ANNOUNCES ACCEPTANCE OF A SIGNED COMMITMENT LETTER FROM ALPHA BANK A.E.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">ATHENS, GREECE, September 19, 2022 &#8211; Performance Shipping Inc. (NASDAQ: PSHG), (&#8220;we&#8221; or the &#8220;Company&#8221;), a global shipping company specializing in the ownership of tanker vessels, today announced that it has
              accepted a commitment letter whereby it intends to enter into an agreement for a new term loan facility of up to US$18,250,000.00 with Alpha Bank A.E. (the &#8220;Facility&#8221;) through a separate wholly-owned subsidiary of the Company. This Facility
              is subject to the completion of customary closing conditions and the execution of a final loan agreement by the Company and its lenders. Proceeds from the Facility will be used to finance up to 50% of the purchase price of the previously
              announced vessel the Company has agreed to acquire, the M/T Alpine Amalia, to be renamed P. Aliki. This Facility shall bear interest at the rate of SOFR plus 2.60% per annum.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">The Facility will be repayable in twenty (20) consecutive quarterly installments of US$500,000.00 each, and concurrent with the twentieth quarterly installment, the Company will owe a balloon payment of
              US$8,250,000.00.</div>
            <div>&#160;</div>
            <div style="text-align: justify;">Commenting on the term loan facility, Andreas Michalopoulos, the Company&#8217;s Chief Executive Officer, stated:</div>
            <div>&#160;</div>
            <div style="text-align: justify;">&#8220;The addition of Alpha Bank A.E as a new lender to our Company demonstrates confidence in Performance Shipping Inc., with a 5-year term loan facility which reduces our cost of debt and extends our maturities
              into late 2027. We look forward to working with all three of our lenders and expanding our relationships as we continue to grow our fleet. We expect to drawdown the Facility in November to consummate the acquisition of our seventh vessel, the
              M/T P. Aliki. The timely addition of this ballast water treatment system (BWTS) and scrubber-fitted LR2 tanker to our fleet, in conjunction with its competitive financing arrangements, positions us advantageously in the refined petroleum
              product tanker sector, with spot and time charter rates for LR2 tankers currently averaging in excess of US$40,000.00 per day.&#8221;</div>
            <div>&#160;</div>
            <div style="text-align: justify; font-weight: bold;">About the Company</div>
            <div>&#160;</div>
            <div style="text-align: justify;">Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company&#8217;s current fleet is employed on spot voyages, through pool arrangements and
              on time charters.</div>
            <div><br>
            </div>
            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
              <div style="page-break-after:always;" id="DSPFPageBreak">
                <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
            </div>
            <div style="text-align: justify; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
            <div><br>
            </div>
            <div style="text-align: justify;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order
              to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and
              underlying assumptions and other statements, which are other than statements of historical facts, including with respect to the delivery of the vessel we have agreed to acquire.</div>
            <div><br>
            </div>
            <div style="text-align: justify;">The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;targets,&#8221; &#8220;likely,&#8221; &#8220;would,&#8221; &#8220;could,&#8221; &#8220;seeks,&#8221; &#8220;continue,&#8221; &#8220;possible,&#8221;
              &#8220;might,&#8221; &#8220;pending&#8221; and similar expressions, terms or phrases may identify forward-looking statements.</div>
            <div><br>
            </div>
            <div style="text-align: justify;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management&#8217;s examination
              of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant
              uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections.</div>
            <div><br>
            </div>
            <div style="text-align: justify;">In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not
              limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker shipping industry, changes in
              the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future operating or financial results,
              availability of financing and refinancing including with respect to the vessel we have agreed to acquire, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future
              litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including the ongoing outbreak of the novel coronavirus (COVID-19) and its impact on the demand for seaborne
              transportation of petroleum and other types of products, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international
              political conditions or events, including &#8220;trade wars&#8221;, armed conflicts including the war in Ukraine, the imposition of new international sanctions, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping
              routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of
              these and other risks and uncertainties.</div>
            <div style="text-align: justify;"><br>
              <div> </div>
            </div>
          </div>
        </div>
      </div>
      <div> </div>
    </div>
  </div>
  <div><br>
  </div>
  <div>
    <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  <div> </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image01.jpg
<TEXT>
begin 644 image01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "V 60# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M5L+G_47<,G^ZX-0X26Z.J.(I3^&2+E%(&!Z$?G2YJ36Z"BBB@84444 %%%%
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M#?HHHI %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %96NSZ*EFMMKDELMM=/Y02X(VNWIS6K4%Y96NH6[6]Y;Q3PM]
MY)%# _@::W X/7?#^@:%HEUJ.EZO<:7-#&7A,-XQ0L.@V$D')XQ[T>,)I]1^
M&VES:C"$GN)K0S1D<9++D8KIK;P7X;L[A9X-&M$E0Y5O+SM/MGI6I>6%IJ$
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>1110 4444 %%%% !1110 4444 %%%% !1110!__9

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